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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
  0.00 0.0% 196.75 196.80 199.70 215.60 196.15 215.00 827,131 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4,169.8 144.8 16.4 11.1 681

Petrofac Share Discussion Threads

Showing 14451 to 14472 of 14725 messages
Chat Pages: 589  588  587  586  585  584  583  582  581  580  579  578  Older
DateSubjectAuthorDiscuss
30/1/2020
22:15
No case to answer. DYOR
1cripes
30/1/2020
22:14
Pogue. V sensible. I agree.
1cripes
30/1/2020
21:49
I disagree. If Unaoil are proven guilty then bribing took place. Until that is proven you cannot accuse/convict someone else of paying Unaoil to bribe someone. There has to be a crime for there to be a criminal hence there is nothing happening just now on the PFC case as they would just be wasting their time.
pogue
30/1/2020
21:21
Asfari has already been interviewed. I accept that this trial is still influential but only if there is new fact and evidence that might, might, cast doubt on what PFC directors knew. That’s as I see it. DYOR.
1cripes
30/1/2020
17:26
1cripes if Unaoil are found guilty of bribery then that means their clients will be asked some probing questions as to why they were paying them money and more than likely taken to trail to prove they were too stupid to understand what Unaoil were doing. This trial is pivitol to many other investigations.
pogue
30/1/2020
17:11
Always the double / triple whammy with things like this. The share price more or less halved when the news broke a couple of years ago and now suffering when the trial of others start.No doubt it will suffer again when our trial starts. Will be a good buy if we knew where the bottom was!!!!
oohrogerpalmer
30/1/2020
14:59
There isn’t a PFC trial, not yet at least and there is nothing currently in the public domain that suggests there will be.
1cripes
30/1/2020
14:21
and thats not even the PFC trial. Watch the drop when that starts! and the drop again if they get a fine. and now they have to bid for work while being squeaky clean, while their competitors continue with their brown paper bags. Complete horror show this.
binarypilot
29/1/2020
15:03
@11%... If you mean the Unaoil bribery trial I have seen estimates between 3 and 4 months in different press reports. As Killman implies, difficult to say.
cybernest53
29/1/2020
13:23
3 weeks, 4 days, 5 hours, 25 mins, 56 secs +- 2 secs followed by a long piece of string, then we can say we are out the mire completely :-)
killman2
29/1/2020
11:48
How long is the trial set to go on.
11_percent
28/1/2020
08:26
SFO must be feeling quite good about itself after it just announced that Airbus is settling bribery and corruption charges worth about $3bn...where does that money go? Maybe good against companies but individual charges seem to be dragging.
killman2
28/1/2020
08:22
Does anyone really think this is the bottom? ========= No.
11_percent
27/1/2020
13:03
No I thought it was 357p
d1nga
27/1/2020
12:56
what a chart. 18 pounds to 3 and a half. Does anyone really think this is the bottom?
binarypilot
27/1/2020
10:39
PR = 4.47 Divi = 8.5% Cant go any lower....LOL. Lesson = don't bet against the shorters. ==== "nah just China sneezing"......its called Kung Flu I believe.
11_percent
27/1/2020
10:37
i'll have a few of these, first unit @ 341p will buy more if goes much lower see how it goes
spob
27/1/2020
10:04
nah just China sneezing and causing the oil price to fall.
pogue
27/1/2020
09:38
Thanks for that guys. I'll keep watching then. I sold a long while ago and thought I'd come back and look as the fundi's look good.
johnrxx99
27/1/2020
08:57
Technicals not looking great at present, needs to be back above 357p previous support. Supports Support1: 357.60 Support2: 297.52 Resistances Resistance1: 397.40 Resistance2: 422.00
ny boy
25/1/2020
09:11
Pogue. Wow. Big thank-you for your long but interesting and informed reply with coutry variations. It's a tough nut to crack with different laws/practices in different countries with world trade. It does seem from your post though that we, as in the world, has progressed, atleast in reducing bribery & corruption. I am retired now but used to video production and 10 years ago I'd frequently record seminars of a Barrister updating employees of a big city commodity merchant/trader on the latest statute law and associated case law, so they could stay cleaner than clean in the face of ever increasing anti-money laundering laws where you have to go one step beyond being "innocent". I recall Rusian money through Cyprus was a known hot route. Given your comment on FCPA debate, adds ballast to my gut that SFO are likely influenced into not being too agressive for national interests.
dr_smith
24/1/2020
18:27
DR_SMITH the reality in the industry is that I am pretty sure bribery still goes on but have no first hand experience of it. Oddly French companies seem to be winning a lot of contracts in Africa just now where UK based ones seem to always loose out in the bidding stage, coincidence I am sure. There is a change in some Arab countries though I have seen first hand KNPC employees being incredibly worried about being perceived as corrupt but then there is still capital punishment there and this was a sensitive project due to it being closed down a few decades previously due to extreme corruption. The vast majority of that project had not been won by a UK company I should add despite our anti bribery legislation. Even America has the bribery rules but its the enforcement of them is what is important and the UK seem more keen to stamp out companies trading overseas than anyone else. Below is an extract talking about the possible effects of the US Foreign Corrupt Practices act, something none of our politicians have read clearly as continue to emit strong virtue signals to the rest of the world whilst shackling our companies. https://en.wikipedia.org/wiki/Foreign_Corrupt_Practices_Act The FCPA is subject to ongoing scholarly and congressional debate regarding its effects on international commerce. Scholars have found that its enforcement discourages U.S. firms from investing in foreign markets, particularly those where graft, bribery, and other forms of corruption are endemic.[3] This coincides with the well established observation that companies engaging in mergers and acquisitions in emerging markets face a uniquely increased level of regulatory and corruption risk. In the UK we are forever having to do tests to check we are upto date with what is classed as bribery. Practically any interaction with a client or a vendor can be bribery if you are not careful. I knew a procurement girl that would not even take a pen from a vendor such was the rules at BP, I saw her refuse such an offer when she turned up to a meeting without one. The law in the UK is very rigorous and leaves little wriggle room. The link below shows how a company can get prosecuted even if they have a rogue employee they know nothing about and unless they have the training in place they will get convicted hence the training progammes. I assume this will be one of the charges against PFC. hxxps://www.rahmanravelli.co.uk/articles/the-us-approach-to-bribery-involving-foreign-officials/ 'The UK’s Bribery Act also has the added provision of offences whereby an organisation can be incriminated if it fails to prevent bribery: Section 7 of the Act states that a commercial organisation will be found guilty of a bribery offence if a person associated with the organisation has been found guilty of bribing another individual. The only defence that the organisation can have is that it had adequate procedures in place to protect against bribery and corruption. If the organisation cannot demonstrate that it has implemented such adequate policies it will be at risk of prosecution.'
pogue
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