Petrofac Share Discussion Threads

[bad robot] 15/3/2021 16:02

January lows of 101p will be smashed. Don't do it people. How the hell are they going to survive no kickbacks for contracts.

BR
IN BR WE TRUST

[bad robot] 15/3/2021 15:57

100p will be hit before close. Expect 2 more auctions.

BR
IN BR WE TRUST

[scooper72] 15/3/2021 15:56

Just glad I took profits recently in my SIPP and was only buying a few in my Freetrade account over recent weeks. Sold them all for a 75 quid loss. But hopefully there will be another chance soon to buy back in, maybe even cheaper than the last drop. Not nice for all long term holders, but imagine those who know what they are doing are ready to ride this next chapter out.

[bad robot] 15/3/2021 15:55

Keep shorting to 4p. This is Kaput now.

BR
IN BR WE TRUST

[wigwammer] 15/3/2021 15:53

Appreciate that stock. Hope you had a short on here fella :)

[stockready] 15/3/2021 15:49

Just want to say i saw the news and really so sorry to hear this
To be honest this was not surprising at all

I hope you all either sold out or stay put for recovery
I think it will recover but company needs to change fundamentally

For the person (can't remember who) mentioned all company do bribery and they don't just caught out...you are wrong mate this is not acceptable practice and you pay a heavy price for it ...sadly at the expense of decent good investors

This news sadly means no new contract for months till this is resolved this will drop further tomorrow

Really so sorry to see this as o genuinely didn't want to see anyone lose money here

GLA

IMHO

[topazfrenzy] 15/3/2021 15:46

yes they will, I am guessing around 80p

[wardy333] 15/3/2021 15:45

shorts will go for the kill here now and close out , looking to buy back in but not yet..

[wigwammer] 15/3/2021 15:44

It's been 4 years. Average sfo case takes 4 years 7 months. Get it now? :)

[topazfrenzy] 15/3/2021 15:44

we've been saying this for ages now, why would the UAE suddenly suspend them from pitching, also one of their important markets, there is something else lurking


the best that could happen now is a bid for the company but I think the share price could dive once this news gets out more

Anyway, good luck, I was sort of breakeven so had to get out, can't be bothered with another few months of guess work while the shorters strangle the SP

[timmy11] 15/3/2021 15:43

all they are doing is allowing shorters to do damage,

[halfpenny] 15/3/2021 15:42

PFC so who else is involved? Who got the bribe? Stay away as falls below 100p towards a fair price 80p or less....more falls due and very Risky...

[wigwammer] 15/3/2021 15:39

Stop being silly. The individual caught making bribes has damaged it. The sfo has done its job and that individual is now being sentenced having been found guilty. Hopefully the sfo will now move to wrap it up and move on.

[topazfrenzy] 15/3/2021 15:39

The shorters will now push it down to 80p or something silly probably, not worth the risk, will buy back lower

[topazfrenzy] 15/3/2021 15:37

I'm out for now, had enough lol

will put it into divi paying BP and GENL

GLA

[timmy11] 15/3/2021 15:35

of course they are destroying it..

all the business is going to other companies

they are doing a fine job for USA companies

[halfpenny] 15/3/2021 15:34

PFC market see this as a very high risk and maybe there is more Bad News in the Pipeline. Watching for further falls below 100p. Too Risky for all

[topazfrenzy] 15/3/2021 15:34

they probably paid someone at the UAE to make that announcement ... all so corrupt

[wardy333] 15/3/2021 15:33

Shorts will close now.

[timmy11] 15/3/2021 15:32

this is getting really ridiculous
can they make a decision now either way

[topazfrenzy] 15/3/2021 15:31

getting boring now lol

[wigwammer] 15/3/2021 15:31

Not good news. But the sfo probably don't want to destroy it - could be a wake up call for them.

[timmy11] 15/3/2021 15:29

sfo wants to destroy this company ..all it has to do is drag this on for another 3 years
can someone ask them why they want to destroy a British company?

[halfpenny] 15/3/2021 15:28

PFC massive Risk not looking good fall expected below 100p. Corruption and who else is to blame? Remember No Smoke without fire 🔥