Buy
Sell
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
  6.50 4.69% 145.00 145.00 145.40 145.40 134.60 134.60 4,512,752 16:29:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 2,984.9 -125.1 -39.1 - 502

Petrofac Share Discussion Threads

Showing 17001 to 17024 of 18475 messages
Chat Pages: Latest  691  690  689  688  687  686  685  684  683  682  681  680  Older
DateSubjectAuthorDiscuss
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!
fizzmiss
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?
stockready
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
knowing
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
stockready
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.
leoneobull
14/3/2021
20:56
Wig Fair play and fair comments Thanks mate
stockready
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.
wigwammer
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 !
stockready
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 :)
wigwammer
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
stockready
14/3/2021
11:43
This has 300p written all over it from a TA perspective alone. Rising oil prices too. Bargain!
valuetracker
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
stockready
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.
ttny2004
13/3/2021
07:20
Should be trading at half the current share price Rotten to the core.
oakville
13/3/2021
06:36
And as for 2021......Looking ahead, the Group currently has US$3.0 billion of secured revenue for 2021, comprising US$2.2 billion in E&C and US$0.8 billion in EPS. In addition, the Group has a pipeline of around US$42 billion of bids scheduled for award by the end of 2021, comprising around US$31 billion of E&C opportunities and around US$11 billion of EPS opportunities. Approximately 11% of the Group's bidding pipeline consists of new energies opportunities.Not difficult to use Google stockready?
leoneobull
13/3/2021
06:34
StocknotreadyDec 16th 2020 results. 3 billion already booked for 2021. As for 2020, 4 billion turnover as per below.Group tradingFinancial performance in the second half of 2020 has continued to be impacted by COVID-19. In addition, lower oil prices coupled with the uncertain near-term outlook have resulted in a wide-ranging delay in the award of new projects across the industry as well as in a more challenging commercial backdrop. As a result, management continues to expect to report lower Group revenue of approximately US$4.0 billion and full-year profitability materially lower than in 2019. The Group also remains on track to reduce gross overhead and project support costs by at least US$125 million in 2020 (2).Looking forward, it remains unclear how long business activity in our industry will be impacted by market conditions. Low order intake over recent years will result in a decline in revenue next year. The Group has therefore announced a further set of measures to right-size the organisation. These will result in total estimated gross savings of US$250 million in 2021, which will seek to protect the business from lower revenues and ongoing pressures on margins. These actions will also create a leaner, more competitive business whilst preserving our core capabilities.Engineering & Construction (E&C)Full year E&C revenues are expected to be around US$3.0 billion, driven by a decline in project activity, COVID-19 related project delays and lower variation orders. Swift management action to reduce costs and lower tax has partly mitigated the decline in full year margin caused by COVID-19 related cost increases, changes in project mix and the recognition of losses on a small number of contracts.Year to date we have secured new orders worth US$0.6 billion in E&C (2019: US$2.1 billion), comprising the EPC contract for the Seagreen offshore wind project and net variation orders. Our bidding pipeline remains strong, including more than US$8.0 billion tendered on projects in the second half of this year, which have not yet been awarded.Engineering & Production Services (EPS)EPS' financial performance in the year has benefitted from strong order intake and lower overhead costs, which has helped mitigate the impact of weaker market conditions. Full year revenue is expected to be broadly comparable to the prior year, with growth in Projects largely offsetting lower activity from Operations. In addition, the expected year-on-year decline in contract margins and contribution from associates (3) has been partly mitigated by overhead cost reductions and lower tax.We have secured US$0.8 billion of awards and extensions in the year to date (2019 US$1.0 billion), increasing backlog despite tightening market conditions. Most notably, EPS continued to secure new energies opportunities with the award of an engineering and project management support contract for the Acorn Carbon Capture and Storage project in the UK, as well as the award of a Front End Engineering Design (FEED) contract for the Arrowsmith project, which may become one of Australia's largest commercial scale green hydrogen complexes.Integrated Energy Services (IES)IES' full year revenue in 2020 is expected to be materially lower, reflecting the fall in commodity prices, lower equity production and lower cost recovery in Mexico. Average realised oil price (4) in 2020 has fallen by 42% to US$39/boe (2019: US$67/boe). Equity production is expected to be approximately 1.9 million barrels of oil equivalent (mmboe) in 2020 (2019: 2.1 mmboe), largely due to the completion of the sale of the Group's remaining 51% interest in its Mexico assets on 3 November 2020. The expected net loss (3) in 2020 has been partly mitigated by reductions in operating and overhead cost savings, as well as lower interest, tax and depreciation.
leoneobull
12/3/2021
21:03
Demand for #OPEC crude in 2021 is forecast to stand at 27.3 mb/d, around 4.9 mb/d higher than in 2020. #MOMR https://t.co/gBuM2bIKrs
sbb1x
12/3/2021
19:36
I talked about 2020
stockready
12/3/2021
19:36
Leo Check the 2020 RNS and tell me where are these billons ?
stockready
12/3/2021
19:28
They had a five billion in turnover and have already secured 4 billion contracts for 2021 plus the bidding pipeline will yield more. Research would be useful before posting nonsense
leoneobull
12/3/2021
19:11
Mustau chris Tell me why it is utter BS? Give me your reasons rather then stupid comments This company will struggle badly if they don't come up with BIG deal shortly and the chance of that is remote considering the bad publicity they got customers don't want to associate with them till the matter fully resolved and no further action taken against the company and we still don't know that either I still like to give them a chance but time is running out for them I say they have 6 months to turn this around or to expect trouble ahead. Now you tell me why you think otherwise and why? Or you don't have a clue?!
stockready
Chat Pages: Latest  691  690  689  688  687  686  685  684  683  682  681  680  Older
ADVFN Advertorial
Your Recent History
LSE
PFC
Petrofac
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210515 08:27:05