Petrofac Share Discussion Threads

[master rsi] 07/2/2021 22:58

Ready for the climb with the CUP & HANDLE

[ammu12] 07/2/2021 21:20

Okay leone. I won't post here...good luck!!

[leoneobull] 07/2/2021 21:18

Ammu, when I bought the other week after pfc results, you said you were sure I would do well (168p). You were then ramping up PFC until you sold when you instantly reversed and started the negativity. I've heard of position posting. Have you heard of integrity?

[ammu12] 07/2/2021 21:01

2019 article link:https://www.sfo.gov.uk/2019/02/07/former-senior-executive-convicted-in-petrofac-investigation/Beware of the rampers on here!!

[ammu12] 07/2/2021 20:59

White123, be a man an apologies.You thick buffoon!!

[ammu12] 07/2/2021 20:58

2021 article link:https://www.sfo.gov.uk/2021/01/14/former-senior-petrofac-executive-pleads-guilty-to-three-further-bribery-offences/

[ammu12] 07/2/2021 20:56

Lol Master shyster.2 different articles on sfo websites...One dated in jan 2021 and other one 2016...Head and shoulder patter completed ?Knees and toes next ?

[ryad123] 07/2/2021 20:11

@White the fact is nobody knows about the outcome of the SFO investigation, it's all speculation, I don't buy the narative that hedgies know something we don't either, i wouldn't want to be short here, Indivior settled for 600 million USD fine causing the share price to nearly doubke in less than 24 hours, still i wouldn't put all my life savings here on wednesday in the hope of doubling them by friday.

[master rsi] 07/2/2021 20:00

re - Ammu you have changed the date on this article from 2019 to 2021 WHY ?? You are a scammer

YES, Ammu is a SCAMMER a TROLL and a STALKER for anyone knowledge

[pepepepe73] 07/2/2021 19:39

@white123, you should be more respectful.

You do not need to be so nerd to do not agree

[whites123] 07/2/2021 17:48

What an awful shame we have the likes of Ammu changing officially released documents to read as relevant.
What a shame we have people who are still asking "How PFC are going to pay a fine"
What a shame we have people who dont understand the shorting mechanisms used to drive a share price down .. (This could be easily fixed if the authors were to spend an afternoon reading papers which can easily be found using google search)

I have said all along and maintain this...

PFC have not been charged.
PFC are unlikely to be charged.
This has now been made even more unlikely based on the Supreme court motion.

Dave is sentenced this Thursday and my thoughts have always been that the SFO will use this opportunity to announce cessation of the PFC investigation.

Dave has "Not given up any current employee of PFC, because there are none"

Corporate Governance at PFC is as good and strong as you will find at any company, if not better and more stringent.

What a shame I still read silly comments about £30 Million being such a large number that PFC must have known... Dreary me, understand and learn how agents fees and commissions are paid.. Its not brown paper bags... LOL

There is a double whammy here..
Lets just consider for arguments sake that the SFO were making good progress with any investigation, lets pretend that the SFO were on the cusp of charging "EX Employees" (As there are no current employees tied into the debacle... Then now with the Court ruling if they were to rely on foreign obtained evidence then a decent lawyer would have that thrown out as inadmissible..

I have suggested all along that Sami could be brokering a deal to make a payment with accepting no liability..
With the court news I now think if Sami were to be considering that.. (Which in actual fact he has been) then I really think he should now take that offer off of the table... As they say in the trade.. "No Deal"

An awful lot of shorts... (For those that really dont understand I am not explaining... Google it) Still have to be bought back.

As has been mentioned we are on the cusp of an oil boom.

Hold onto your hats as a saying goes, because this is going to get really really interesting...

Onwards, Upwards, and whose for £2.00 by the end of this week?

[pepepepe73] 07/2/2021 17:41

Shorts should be closing their short positions next days before SFO's resolution.

Otherwise, It's a huge risk for them.

Last sesion was encouraging in this sense.

[sami69] 07/2/2021 17:13

I think this relates to the 3 additional admissions that Lufkin had made in Jan 2021 before sentencing.

[pepepepe73] 07/2/2021 16:27

Ammu, your behaviour is just ridiculous.

[currencytrader1] 07/2/2021 15:43

He does the same on several forums with different shares, he got caught out with AA Stock.

[brianbru] 07/2/2021 15:41

Ammu you have changed the date on this article from 2019 to 2021 WHY ?? You are a scammer

[twixy] 07/2/2021 15:17

If you read it, you clearly did not understand it.

[dealy] 07/2/2021 15:00

Except the Supreme Court said on Friday that that position or role is unenforceable

[dealy] 07/2/2021 14:59

The company pays about 3 billion per year to external suppliers. Over 5 years that is something like 15 billion. 30 million is negligible

[ammu12] 07/2/2021 14:52

The Bribery Act 2010 aims to promote anti-bribery practices amongst businesses, and came into force on 1 July 2011. An organisation will commit a criminal offence, if it fails to prevent bribery that is intended to get or keep business or an advantage in the conduct of business for the organisation.

[sami69] 07/2/2021 14:52

He pleaded guilty exactly 2 years ago.This is old news. He is getting sentenced this week.The problem is they have been investigating Petrofac for 4 years and no other charges against the company have been filed and has collapsed the share price in the meantime.

[sami69] 07/2/2021 14:51

He pleaded guilty exactly 2 years ago.This is old news. He is getting sentenced this week.The problem is they have been investigating Petrofac for 4 years and no other charges against the company have been filed and has collapsed the share price in the meantime.