Petrofac Share Discussion Threads

[asadme] 15/3/2021 23:43

hxxps://youtu.be/0zQAKydqMsk

[lowtrawler] 15/3/2021 23:34

Let's all be honest here. If PFC come through this relatively unharmed and untainted, you are looking at a return to 300p plus. The risks have always been around for this type of bad news to emerge and harm those prospects. After all, you don't make over 100% without taking risks. In my view, it doesn't materially alter the potential outcome from the SFO investigation but it does allow shorters to take control for a period of time. There is a danger that other customers follow the UAE lead and it becomes material so risk has increased.

If the SFO had any sense, they would look at what's happening and seek a quick settlement. As others have pointed out, they don't want to be accused of putting PFC out of business and losing thousands of UK jobs. In reality, I don't believe the SFO have any sense and so will watch with glee from the sidelines. The SFO have been doing this for years and there is no political will to reel them in. I suppose the main argument for the SFO taking on these cases is that the USA would prosecute if we did not. At least in the USA, they tend to move quickly.

[stockready] 15/3/2021 23:23

Wig

Please don't waste your breath with this dummy

[stockready] 15/3/2021 23:22

Pogue

You are clueless and more you try more you are digging yourself a hole and you are sinking now.

You assumptions that i don't know made me laugh and kind of sad dealing with dummy like you. You are spreading false information and i honestly don't have time for people like you who are not investors and here as time waster and just throwing their dummy out of the prams to be notice but only for their stupidity.

It is so easy to come here and throw your dummy AFTER the events

Where were you on weekend when i suggested this is coming ? And suddenly you are an expert on the subject!

LMAO

[wigwammer] 15/3/2021 22:58

We don't know that, Ryan. But having some context on the facts - that the business with ADNOC makes up around 5% of the backlog and the existing contracts are continuing - can help decisions to be based on rationality rather than emotion.

[ryad123] 15/3/2021 22:50

To me that was not very important, the most important question is whether other companies will follow suit, in which case all the forward looking statements made previously will become irrelevant.

[wigwammer] 15/3/2021 22:38

Around 5% of the engineering/construction backlog at last annual report.

[wigwammer] 15/3/2021 22:35

"No idea how much sales percentage" .. I suspect it is quite an important thing to consider, no? Sub 10% btw.

[ryad123] 15/3/2021 22:25

No idea how much sales percentage but i reckon what spooked the market today was yet another bad news when it looked as if all was priced in, If ADNOC is keeping a distance despite its close relationship with PFC then we shouldn't be surprised if there worse to come.

[wigwammer] 15/3/2021 22:07

Pogue - I'm not putting words in your mouth. You stated ADNOC will use PFC again. They won't be able to unless PFC are up and running again. You arrived here with great fanfare saying you were going to correct inaccuracies, yet your conclusion is little different to that of those you criticise. As an expert on the company, any idea what percentage of sales come from ADNOC?

[ryad123] 15/3/2021 21:50

Being barred from getting new business by a major client does not bode well for the near future. Unless this SFO investigation is brought to a close, this dog will continue to go lower as if losing nearly 90 percent in the last 5 years was not enough, the biggest risk i see here is continued uncertainty which will put a ceiling on the share, meanwhile other oil and oil services stocks continue to recover while this dog will miss out on the commodity super cycle.

[pogue] 15/3/2021 21:49

wigwammer
not what I said. PFC will be hired by them in the future, if they get off, but they are not going to help them as you seem to think. Declaring PFC will not be getting work from them is not a helpful statement whatever way you want to twist it and certainly will not make the SFO move faster, as I said believe what you like it makes no difference but dont put words in my mouth.

[dealy] 15/3/2021 21:13

Why did the company even bother announcing this? If it's a dynamic situation (status to be reviewed periodically) then why report it? Not a regulatory requirement to report a marketing development. Absolutely ridiculous announcement that can only damage the company

[wigwammer] 15/3/2021 20:50

Sub £400m valuation for a business that has regularly turned £4bn+ sales pa. Little net debt. Decent historic op margin. High levels of liquidity. Oil price and COVID recovery potential. Shorts playing a scary game from here :)

[wigwammer] 15/3/2021 20:45

Pogue - thank you for conceding that It is in ADNOC's interest to get PFC up and running again, as twixy originally suggested. ATB

[soleman1] 15/3/2021 20:41

Lucky your here to predict the collective decision of thousands of investors this upcoming week

[leoneobull] 15/3/2021 20:39

Posters and the shortsToday 20:11It's a well known fact that this is a heavily shorted share. It's also a well known fact that funds that are short pay people to inhabit these public bulletin boards, Twitter etc to post negativity, spread fear etc, in order to support their employers short positions. Often such posters use multiple aliases. A clue to who they are is often the fact that they have relatively few posts or, on Twitter, few followers. Just bear that in mind when reading all this stuff. I am long by the way!

[dealy] 15/3/2021 20:38

Statement didn't go far enough. Being committed to compliant practice isn't the same as convincing its clients that it is absolutely clean as a whistle. The company is just not doing enough to neutralise the negative effects if these claims.

[pepepepe73] 15/3/2021 20:36

Once again, shorts are on driver seat and are gonna make a fortune here.

Stay away from this dog stock.

100p is going to be crash in few days.

[soleman1] 15/3/2021 20:28

Its days like this investors need to evaluate fundamentals and not base decisions on the opinion of others or emotion.

[leoneobull] 15/3/2021 20:26

Gosh,so many haters...

[wigwammer] 15/3/2021 20:24

Same bloke who was shorting CINE at 35p. Multiple usernames. Usually means we're near the turning point :)