Petrofac Share Discussion Threads

[ammu12] 14/9/2020 09:59

Can you share your calculations??

[binarypilot] 14/9/2020 08:38

By my calculations, this will be bankrupt by Easter.


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[technowiz] 14/9/2020 08:19

Ammu keeps lowering his target. 200p then 190p now its 160p.

[technowiz] 13/9/2020 23:07

its breached 140p now. lets see if Ammu is right it zooms up fast lol.

[computercoders] 12/9/2020 12:58

Growth plus divi when reinstated. Makes this a good bet imho both for trading or long term hold.

[computercoders] 12/9/2020 12:58

Best stock on market imho

[computercoders] 11/9/2020 16:33

Positive day here

[computercoders] 11/9/2020 12:06

Can't see it getting paid personal but rare opportunity for capital growth plus divi income here. Traded this for nearly 5 years 151p average

[computercoders] 11/9/2020 12:06

What's chances of interim getting paid and not pulled?

[ammu12] 11/9/2020 11:22

Once 140 breaches 160p will come fast!!

[pogue] 11/9/2020 11:14

The problem of having a lot of Middle East clients is their reluctance to pay, give them an excuse like CV19 and they will hold onto the money. They will pay eventually but as I mentioned before not having a lot of money may prove beneficial if a fine comes from the SFO, will they bankrupt a company paying UK taxes to get a fine or set the fine at a manageable level based on company's financial state? A positive from a negative :0)

[technowiz] 11/9/2020 11:11

Ammu you were saying this heading to £2 before it it went to sub 140p. i'll take your comment with a pinch of salt.

[ammu12] 11/9/2020 10:51

Cheap as chips Should be 220++ even with current challenges

[action] 11/9/2020 10:11

They can get cash discounting the invoices with bank or factoring company to improve csshflow.

[computercoders] 11/9/2020 09:53

Barclays broker note much higher. Which to believe? I don't believe any.

[lowtrawler] 11/9/2020 09:52

Taking the broker note at face value. You don't have record creditor levels unless you are delaying payments or have massively expanded your business.

[ashwani01] 11/9/2020 09:49

How do you know they are delaying supplier payments to fund working capital ? Any clues in the announcement or other sources ?

[computercoders] 11/9/2020 09:38

For every sell there's buy. Should bounce hard now

[ammu12] 11/9/2020 09:37

And who's buying them ?

[technowiz] 11/9/2020 09:28

did you see all that selling. 100k shares sold at 135p. all within 1 minute. heres hoping for a reversal of the trend today.

[ammu12] 11/9/2020 08:58

135p wowCrazy After the last update this was 190p.

[topazfrenzy] 11/9/2020 08:51

so cheap lol

[lowtrawler] 10/9/2020 19:25

I dabbled in PFC a few months ago and made a small profit but found the volatility difficult to predict so decided to leave alone. Have been watching for anything sub 140 as that seems to be a strong support level. However, I'm not convinced enough to return.The broker note is bleak. They aren't trading at historically high levels but they have record levels of working capital and are delaying supplier payments to fund it. That is not sustainable.I'll keep watching as the working capital will need to resolve over the next few months. Hopefully it will do so positively and I can then reconsider as an investment.