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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
  -2.60 -2.19% 115.90 115.40 116.10 118.90 115.50 117.00 1,222,917 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 2,984.9 -125.1 -39.1 - 401

Petrofac Share Discussion Threads

Showing 16851 to 16874 of 18300 messages
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DateSubjectAuthorDiscuss
23/2/2021
15:50
Was looking to buy into this but wow,, it's being crucified by the Sewer Rat Shorting MM. Lost over 10p from highs today? Any reason?
fizzmiss
23/2/2021
06:56
Why even force an increase in margin to 100% within a few days if you are closing down the position in a months time.IG are going to force many to sell positions at a lossSmells of desperation.
sami69
23/2/2021
02:17
Thanks for the info Sam. The abruptness of the IG move is a kick in the teeth to many traders. A gradual increase in margins over a 3 month period would have achieved the same goal but treated traders better. Women leaders seem to be good at closing things down
dealy
23/2/2021
00:42
Yes.. it isI decided against this route. I opened another SB account with Spreadex. Took me 20mins. I will open my pfc trade there and close it at IG. Will do the same with my recent trades in Polymetal & Centamin which IG are shutting down too.Having opened a large trade at 110p I want to make sure I can maximise my tax free profits when this goes to minimum of 220p and hopefully more if the SFO closes the case.
sami69
22/2/2021
21:24
Https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Sees-75-Oil-In-Q3-2021.htmlPFCOK
leoneobull
22/2/2021
19:17
is that really an option?
dealy
22/2/2021
16:58
The only way around this is to title transfer your account to IG.You can then keep your positions open and the margin is reduced from 100% to 50%. The catch:If IG goes belly up..so could all your money.
sami69
22/2/2021
16:39
This will keep going up from here imo, 2% to 5% a day until the news of end of SFO case blows it straight to £3+
topazfrenzy
22/2/2021
16:27
Yes by close of play this Friday Twixy, if they put up 100% margin, they can keep open until end of March. Bit of a shocker from IG if anyone holds PFC this way but presume it's part of the plan from the big boys to try and prevent another squeeze of GME scale.
mickinvest
22/2/2021
15:54
Sorry - should have said - with IG
twixy
22/2/2021
15:54
Not sure if this is accurate but longs and shorts are having to close their positions in PFC, or put up 100% margin. It may explain the sharp rise this afternoon?
twixy
22/2/2021
10:11
www.financial-spread-betting.com/Igindex-hedging.html#:~:text=As%20counterparty%20to%20thousands%20of,is%20placed%20is%20not%20practical.&text=Instead%2C%20it%20hedges%20its%20exposure%20using%20futures%20on%20the%20underlying%20stock. As counterparty to thousands of spread trades every day, from small punts to large trading positions, IG Index has to manage a significant amount of market risk. But hedging every spread trade as it is placed is not practical. There are two ways around this problem. First, in highly active markets, many of the spread bets cancel each other out. "If it's a very busy market, you will have a lot of two-way business, which is ideal. We are just acting as another market-maker," says Bole. However, in less liquid markets, such as spread bets on single stocks, IG Index cannot rely on investors taking both sides of the market. Instead, it hedges its exposure using futures on the underlying stock. and.... Keeping an eye on IG's exposure, the risk committee uses an approach that would be familiar to any fund manager - employing limits on individual underlyings, sectors of the markets and countries, in what Bole calls a hierarchy of exposure. "If all your clients were long, you could arguably be inside your limits, but you could have massive exposure to the UK stock market as a whole. So, in that case, you would hedge on futures on the index. Or, if you are concentrated in a banking sector, you can review that sector - so you're building up a much better portfolio picture," he says
sea7
22/2/2021
08:59
Https://www.thisismoney.co.uk/money/comment/article-9284293/RUTH-SUNDERLAND-FCA-not-fit-purpose.html
knowing
22/2/2021
08:38
Https://www.meed.com/petrofac-pushing-ahead-with-1bn-algeria-gas-project
knowing
21/2/2021
20:11
I know they have increased margins to 100% on a many stocks..not sure why the are doing this.On Petrofac I don't think you can open any new positions..closing deals only I believe.I don't think they have increased margins for existing positions(yet). I'm not sure what their motive is for doing this.
sami69
21/2/2021
19:10
Anyone with open I/G positions should read this..... "As it stands, there are still clients of IG who are yet to find out that some of their positions will be moving to 100% within just a few trading days. Unless you have cash readily available then transferring or even selling elsewhere will be required. Settling of stock can take several days before the proceeds of sales can be withdrawn and so it is inevitable that there is going to be forced dumping of stock."
wardy333
21/2/2021
17:24
break to downside through 100 kos too much ramping by darrenbuffer loser
texaschaser
21/2/2021
11:33
It's one thing to be a joe bloggs member of the public and not know Petrofac shares are a steal. It's quite another to visit this site every day and be told by people in clear terms why the shares are outrageously cheap, and still not get it :)
wigwammer
21/2/2021
11:31
Oil price has recovered and sfo likely to wrap up case alongside lufkin, similar timelines to indivior last year. At which point the two main constraints on the equity story vanish and the brainless people who sold realise just how brainless they are. ATB :)
wigwammer
21/2/2021
09:35
The case is now finished SFO have no chance of any prosecutions, its just a matter of when they decide to tell the market, could be soon could be a while who knows.
wardy333
21/2/2021
08:20
400m is big money even for a company like Petrofac. If you divide that amount as expenses on 7 years and consider the operating profits expected each year, you easily reach to PFC is not crazy cheap.
pepepepe73
20/2/2021
19:25
Settlement can come at any time. Presumably that's what the $400m debt raise and account delay is about...... whooooosh :)
wigwammer
20/2/2021
19:24
If missing out on a big profit hurts, it's your problem (and it's evidently something that worries you..) :)
wigwammer
20/2/2021
17:13
leoneobull, you seem the smartest guy in da house. If loss hurts, it's your problem.
pepepepe73
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