Petrofac Share Discussion Threads

[oakville] 15/3/2021 14:27

New short opened at 1.334

[sbb1x] 15/3/2021 13:48

Trade the granny out of it. But make sure you are holding when it breaks out towards 300

[ukneonboy] 15/3/2021 09:45

Sbb1x - spectacular FAILURE trying to ramp-up Boohoo shares

and FAILING again with Oilers !!!

[money mad] 15/3/2021 08:46

Hopefully the tullow profits will go in here and push the shorters out

[sbb1x] 15/3/2021 07:52

Target 300

[midasx] 15/3/2021 07:32

The delayed results potentially due to wishing to announce agreement with SFO regarding their investigations.

What price PFC if the case is dropped with limited agreed financial penalty and slap on the wrist?

[sbb1x] 15/3/2021 07:27

JUST IN:CITI raises Brent crude price est. to $69/b in 2021 from $64/b and says Brent may spike to $80 at times amid OPEC+ curbs.#CITI #Brent #OOTT

[fizzmiss] 15/3/2021 06:50

Stock, most companies give bribes to secure deals, the only issue with PFC is certain employees got caught.

Would be great if we all lived in honest Alice and wonderland, but we don't.

Sit back and enjoy the ride; today's news, tomorrow's chip paper.

Not sure if you are aware but COVID put stop to the world's economies and will soon pick up bringing many further deals for PFC IMHO

Thinking about it; its very very very old news and been talked to death, PFC will soon fly!

[stockready] 15/3/2021 01:33

Knowing

Yes

We know about this one mate
They shout about ut 10000 times and i mentioned it in my post

What else they have this year?
2021?

[knowing] 14/3/2021 23:30

Petrofac (LON: PFC) revealed Thursday that it has secured two contracts, worth a total of around $300 million, through Petroleum Development Oman (PDO).

[knowing] 14/3/2021 23:29

Another £300MHttps://www.rigzone.com/news/petrofac_bags_2_deals_worth_300mm-04-feb-2021-164524-article/?amp&u=https%3A%2F%2Fwww.rigzone.com%2Fnews%2Fpetrofac_bags_2_deals_worth_300mm-04-feb-2021-164524-article%2F&sgt=shv2&sg=e54bdb6f&sid=2&__twitter_impression=true

[stockready] 14/3/2021 23:11

Leo

Yes mate seen your post and responded already
Was an interesting read snd i agree with some of points but not all

I hope they make it but even technical analysis doesn't give me a confidence for the strong upwards trend

But yes with price of oil pushing up situation can change to their favour as oil market activity will come back so does the business and contract

But they still need to build trusts
They have not done that yet, by simple admiting faults and issue of the past as we all know is not enough to build the trust of investors they need to put anti bribery course in place for every single employee and be tough about it and publicly ve active and speak out against it.

They need lots of work in that front

But if they do it right things may look brighter for them...
At the moment i know many organisations don't want to be associated with them

But like anything and anyones you got to give it a chance and they have to show and prove they deserve that chance.

All the best

IMHO

GLA

[leoneobull] 14/3/2021 21:22

Stock ready. They turned over 4 billion ....in 2020. See my post. Self evidently, this does not come from one deal.

[stockready] 14/3/2021 20:56

Wig

Fair play and fair comments

Thanks mate

[wigwammer] 14/3/2021 12:50

StockI understand your point that sales have declined substantially from historic levels. Lower oil prices and covid will have contributed heavily to that. But the oil price has now recovered and covid escape is increasingly being priced in to the market. The 1700 sales fig you suggest would be around one quarter of their historic top line run rate. So tell me - is it really "dreaming" to suggest that the trough sales number is the aberration, and that in a post covid world with higher oil prices the trajectory of sales is likely to be a lot higher? I think only a dreamer would suggest otherwise. If you believe the company is misleading people, that's a subjective judgement and fair enough. But suggesting 1700 is likely to be the top line run rate going forward is also highly misleading by any reasonable analysis.

[stockready] 14/3/2021 12:27

Wig

Yes mate, i fully realise that but the way they put it there is like they are standing a chance to get good fraction of it and absolutely misleading investors with that stupid number in the results

It is like to say the potential market for their size of business is x but not providing any information why they think they stand a chance to get the deals...which surely they didn't get fraction of that which is worth mentioning

They are misleading investors in my opinion and seems the bad habits still continues why there is no financial calender on the webside? Why they delay the result ? Are they playing the numbers?

I honestly look forward to read that RNS in April

I honestly hope £3 comes for all investors here but i am realists not a dreamer
So far i can't see any reasons they go pass 1700 at most and trends currently downward overal even before pandemic

So unless result say something different and most importantly be a honest results without BS comments then i be interesred to look closer

For now they need to get their act together and sort out their website and numbers and their image, not enough said or done !

[wigwammer] 14/3/2021 12:26

Correct me if I'm wrong... but in a rising oil environment, is it not more likely that contracts (both large and small) will accrue to an oil services business? I know that requires putting two simple dots together but...

[wigwammer] 14/3/2021 12:23

I think he believes they are gonna rns every contract they are working on!

[wigwammer] 14/3/2021 12:17

"Once the 38 billion deals comes through then i will get interesred..." is this guy for real?! That's not the size of deals they expect to get, that's the value of business they are competing for. Obviously they aren't gonna get them all.. lol :)

[stockready] 14/3/2021 11:47

Value

Excellent analysis

Thank you

Now we are at it why not say £10? Or even £20... why not?

On what basis it will be £3? They are struggling to get simple contracts secured
They had loads of opportunities in Iraq bid all being rejected and you tell me this will be £3 on what basis and why mate?

Thanks

[valuetracker] 14/3/2021 11:43

This has 300p written all over it from a TA perspective alone. Rising oil prices too. Bargain!

[stockready] 14/3/2021 10:10

Leon

Thanks for putting these info's together and your response

It was loads of "looking ahead".......and "expectation", "future".... comments in your post etc

I was purely talking about 2020 financial year starting from March 2020 to March 2021 which Oman deal was the only one i could give them credit and that was it.

I am not interested in may be they get x deal or y deal ....or future possibilities....they are meaningless to me if i base it on pas few years performance here and specially 2020

The company of this size with no financial calender on their webside is truly embarrassing and extremely concerning to me (i am sure that itself is for all bad reasons and not good reasons)

They are playing with numbers and i am sorry i just simply don't trust people running it even after recent saga open in public

Once the 38 billion deals comes through then i will get interesred

After all that was the garbage CEO tried to feed to investors back in Feb 2020 RNS results

This is my take and thank you

[ttny2004] 14/3/2021 09:47

I think this real question is when will the results be announced. The website is not updated with and financial calendar events.Exerts from 16 Dec 2020 trading updateSami Iskander will present the results for the 12 months ended 2020 and discuss the outlook for 2021 at the Group's full year results, currently scheduled for 24 February 2021.Three weeks on from 24 Feb and still no news or update to their calendar.Guess news could come at any time.