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Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac Limited LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -22.40 -10.18% 197.70 198.60 199.20 218.90 195.95 218.90 1,598,105 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4,169.8 144.8 16.4 11.3 684

Petrofac Share Discussion Threads

Showing 14426 to 14446 of 14725 messages
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DateSubjectAuthorDiscuss
23/1/2020
15:13
cybernest get a grip of yourself, you don't like people posting on this board unless it addresses things that interest you so you tell me to stop posting about IR35, that is the actions of a grown up? Then you resort to name calling Jeeze put the dummy back in.
pogue
23/1/2020
13:49
Knowing... That was an RNS on 16 January 2020 07:00 hTTps://www.petrofac.com/en-gb/media/news/petrofac-appointed-for-seagreen-wind-farm-substations/ But.. thanks for trying to cheer us up! ;)
cybernest53
23/1/2020
13:21
Https://splash247.com/petrofac-secures-scottish-wind-farm-substation-contract/
knowing
23/1/2020
12:03
11_percent I don't think they will increase the rate they will pass the risk of paying back taxes and fines to the contractor. There are clauses in my contract that seems to state this already, clarification has been sought but still not forthcoming, but all it does is put us back to where we were pre IR35 albeit with a more defensible IR35 compatible contract. I am still holding most of my core holding as I bought it as a bet PFC will escape with a smaller fine than they are budgeting for. Have sold all my other shares here that I was using as an oil price bet long ago and rolled it into gold as I highlighted at the time.
pogue
23/1/2020
10:40
IR35, My take is that costs/rates will go up. The industry will still want contractors who they can get rid of in a downturn. They will increase the rate, for the guys they want, to compensate for the tax paid. Also, agree, its not in the PFC share price, will take at least 6 months to get clarity on the effect.
11_percent
23/1/2020
09:38
johnrxx99 I don't think there is anything in the price for IR35 the majority of people, including the government, have no idea of the effect of it on this industry despite being lobbied by industry leaders. I don't think its a major long term problem mind you as the companies will have to accept that contractors are outside of IR35 and write contracts to that effect and that's it solved. Some may take longer than others to see the logic though and there will be costs there. I have nobody I know in PFC at the moment as the office near me is quiet so am not sure how they are approaching it.
pogue
23/1/2020
09:26
I like when people filter me it saves me talking to idiots that's why I encourage it. Hope the filter is still on D1nga.
pogue
23/1/2020
07:14
Would it be a wild guess to suggest IR35 is "ïn the price"?
johnrxx99
22/1/2020
21:40
Cybernest the IR35 issue has massive implications for the industry in the UK and is far more relevant than a Goldman Sachs ramp that seems to interest you more. Please put me on filter if you dont want to hear what is happening within the industry from people who actually work in it day to day. Jeeze.
pogue
22/1/2020
15:00
Many thanks Knowing... To state the obvious, I sincerely hope Goldman Sachs and the Director's Talk conclusin are right! :) "This is indicating the analyst believes there is a potential upside of 26.6% from today’s opening price of 381.43 GBX." Current share price is now 364.70!! As I said a couple of days ago... it's a brave punter who buys into this dip... especially taking into account notimpressed's amusing and probably accurate comment!! :)
cybernest53
22/1/2020
14:53
knowing, re link. perhaps goldman sachs have a client who needs to dump a shed load of stock at the best possible price, hence the positive spin. brokers are one rung below horse thieves on the honesty ladder.
notimpressed
22/1/2020
14:37
Https://www.directorstalkinterviews.com/petrofac-limited-26-6-potential-upside-indicated-by-goldman-sachs/412803414
knowing
22/1/2020
14:28
pogue... How IR35 affects PFC and the rest of 'the industry', is undoubtedly interesting and I'm sure we are all concerned and watching this. However, now that you've sorted your own contract (and I'm pleased for you), perhaps we can move on from long posts about how it affects you and others personally.... and stick to matters more directly concerning the subject of this BB thread. :)
cybernest53
22/1/2020
14:18
lol looking at how it effects the whole industry not navel gazing, I have my contract sorted.
pogue
22/1/2020
14:10
Pogue mate, with respect, I took that point onboard when you first made it! I don't think we needed a thesis on IR35 and all the rest of your umpteen navel gazing babble about it to make the point! ;)
cybernest53
22/1/2020
14:06
Sold out here, good company but looking at the share price behaviour it seems obvious to me they are heading for a poor FY results and a reduced divi. That will hit the SP, now is not the time to buy imo
wallywoo
22/1/2020
14:00
cybernest IR35 does effect PFC read what I have posted and it all applies to PFC, if they fail to get it right they will be faced with a labour shortage.
pogue
22/1/2020
13:38
pogue... "don't think we are disturbing anyone" You'd be wrong to make that assumption. Each time there is a new comment here I get a notification through email alerts. I interrupt what I'm doing and come here in the hope of getting news of import concerning my investment in PFC... only to find more unimportant (at least to me) navel gazing babble about the bloody IR35 rule! :) Frankly, a conversation that you and others interested could have conducted privately. I am far more interested and concerned about news and opinions of the Unaoil trial and the large drop today in the share price of PFC. I'm sure I'm not alone!
cybernest53
22/1/2020
12:58
Its not the most liveliest of boards to be fair so don't think we are disturbing anyone, and I am learning of how the industry is responding elsewhere. I think the way this will pan out is a shortage of labour will force companies who use the blanket inside IR35 rule to reconsider. Aberdeen will be badly hit as there are so many who work there who don't live there, once you start forcing people to pay expenses out of highly taxed income with no job security they start to realize stacking shelves in Tesco and staying at home gets you more money and piece of mind.
pogue
22/1/2020
12:48
Hi pogue, No worries. I work in (or used to) the Integrity area. A lot of the NDT/rope access techs are contract. It looks like the CAN Offshores/Oceaneerings of this industry are going to start taxing these guys, without benefits. There is no point in being contract for these guys now. The effect on Aberdeen as a city is going to be bad. It has not recovered from the last/current downturn and this is just take more money of the city. Property prices are low (that's if you can find a buyer) and IMO are only going lower. Any-road-up, we are doing this to death...….lets see how things pan out between now and April…….and beyond.
11_percent
22/1/2020
12:27
11percent sorry to drag this out but KBR did the old way but the line managers have to sign off on the answers provided by the contractor its just another way round of doing it and get the same result. They found 2 doc controllers to not have the correct amount off control of their work and were found inside so they do assess the way a contractor works. Have had the misfortune to have worked 3 times with FW/Woods and it was definitely the last option I had on all 3 occasions. Worst company I have ever had the misfortune to work for. I have avoided Bechtel so far to be fair.
pogue
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