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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
  -0.10 -0.08% 120.60 120.50 120.90 121.90 118.10 118.10 397,924 08:52:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 2,984.9 -125.1 -39.1 - 417

Petrofac Share Discussion Threads

Showing 16801 to 16822 of 18200 messages
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DateSubjectAuthorDiscuss
19/2/2021
13:23
plunger2... thanks for that, obvious that Lufkins barrister wants the case thrown out, only trouble is the date is June hence the shorts still in play,.
wardy333
19/2/2021
13:17
So there is to be a directions hearing for Lufkin on 21 June 21 https://www.sfo.gov.uk/court-calendar/page So why was the poor fellow not sentenced? Well it seems extremely obvious if there is to be a directions hearing: Directions Hearing: a hearing for the judge to review the case and consider whether there needs to be further information or action taken by the parties. You could hardly make it up. The SFO are in denial, they're in big do doo and they know it. JMHO
plunger2
19/2/2021
12:21
I would guess the SFO are praying that their case against Paul Bond (Unaoil) gets a guilty verdict. The case has been continually held up for legal submissions but is very near a conclusion: https://www.thelawpages.com/court-hearings-lists/crown-court-daily/60/lists/2021-02-18 Previously a judge has whacked Lisa Osofsky's conduct https://www.complianceweek.com/regulatory-enforcement/sfo-secures-two-unaoil-convictions-but-judge-critical-of-director/29183.article The SFO is clearly not fit for purpose and could face stunning litigation for misconduct following the KBR business etc. The Treasury needs to clip its financial wings. Being short here is like russian roulette. The bullet is the SFO. If that explodes it will be a minor GameStop for shorts. Someday. JMHO GLA
plunger2
19/2/2021
09:14
Fully agree and have said for many years, the stock markets are run by crooks and if you invest accordingly you won't go far wrong. Makes me titter when I hear investors taking note of Goldman sucks recs to buy into a sector lol. Anyway thats another story. But yea, whatever will happen will happen, but at the end of the day once it's sorted this will soar. IMHO
fizzmiss
19/2/2021
09:10
As far as I can see, if the SFO "think" a company is guilty, they will simply keep the investigation open until the company is willing to enter into a sizeable DPA. It's a protection racket that the Mafia would be proud of.
lowtrawler
19/2/2021
08:36
true. that is one of the possible outcomes. question is how do investors (and shorters) view the probability of outcomes over time
dealy
19/2/2021
08:25
SFO can delay its decision for another or several years. Who knows when it comes to SFO
pepepepe73
19/2/2021
08:19
makes you wonder if they don't have some kind of insider angle
dealy
19/2/2021
07:43
Looks like CapeView opened anther short when the price hit £1.35p levels Tuesday, still nothing on the SFO case, the mystery continues.
wardy333
18/2/2021
19:36
DMF - thanks for reminding me: I sold out at 1.88, having though I had done well :-(
twixy
18/2/2021
19:16
Interesting that Glencore has both SFO and DOJ investigations into allegations of bribery in various jurisdictions....yet the share price has performed strongly over the last few months...Oct 20 185p and currently trades at 288p ! In addition 30% of the revenue of Glencore, is generated from its coal mining operations !!
dmf
18/2/2021
19:01
No other company is gonna take over PFC while SFO's sentence is unclear. It's a catch-22
pepepepe73
18/2/2021
18:48
The business has assets of GBP10M with a turnover of GBP 400K and broke even. If it was sold at book value, it's a good deal.
twixy
18/2/2021
18:46
A potential SFO's sentence is a huge cloud of uncertainty over PFC stock price. That's what is happening with PFC. It's really hard to understand the shameless SFO's behavior.
pepepepe73
18/2/2021
18:39
Cape View are obviously enjoying themselves; another increase in their shorts:https://www.shorttracker.co.uk/company/GB00B0H2K534/
twixy
18/2/2021
18:00
I expect oil price will be weak next days. The ramp upwe've seen is unsustainable. PFC can go down to 110p easily in case oil price drops 5€.
pepepepe73
18/2/2021
16:44
Should recover some tomorrow.
fizzmiss
18/2/2021
16:27
They will drive it as low as they want. It is they who are in control, all above board obviously.
lodgeview
18/2/2021
16:23
Https://www.offshore-energy.biz/petrofac-sells-uk-training-business-to-3t-energy/
knowing
18/2/2021
12:54
They are slowly getting this lower, nearly time for the shorts to close, just one good RNS and they will be history.
wardy333
18/2/2021
12:07
Of course there is the view that the "global elites" have it in for the legacy energy business and actively want companies to stop producing CO2 or go out of business. The SFO may be supporting forces behind the scenes. Mark Carney, UN special envoy for climate action and finance and ex governor of the Bank of England warned "Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt". hTtPs://www.theguardian.com/environment/2019/oct/13/firms-ignoring-climate-crisis-bankrupt-mark-carney-bank-england-governor
minsky
18/2/2021
11:53
pepe, delay and damage is the strategy for the SFO. They have always been on dodgy legal territory in their investigations which is why the corporate investigations rarely go to court. They figure that so long as the investigation is open, it is harming the companies concerned and so the more likely they will be to enter into a DPA.
lowtrawler
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