Petrofac Share Discussion Threads

[topazfrenzy] 24/3/2021 08:18

Added another 500 shares lol

[runner2018] 24/3/2021 08:05

topped up again

[comedy] 24/3/2021 06:54

Lol, down 4% and guys are having kittens.
This is becoming the best recovery stock in the market. After 4 years they haven’t leveled one charge against the co. Do you really believe they are suddenly going to get a miraculous discovery of criminal activity??? Really???
Plus with covid there is only so long a government organisation can gamble they will make a 300mill fine ???
Eventually case will be closed???
Chances sooner rather than later as most of the audience have moved on... story only interesting so long. Final push by shorts. Let’s see next week where price ???

[leoneobull] 23/3/2021 20:16

Stonking day chaps. Only down less than 4% vs. 8% on TLW similar on PMO. Roll on the results

[milanr] 23/3/2021 18:59

Without a court case or any conviction against the company ? After 4 years. 1bn cash available .

[pepepepe73] 23/3/2021 18:34

dealy, there is not bankruptcy.

For current shareholders, the key fact is whether or not they are gonna be diluted to pay a potential huge fine.

[dealy] 23/3/2021 18:20

The current share price is pricing in a near bankruptcy scenario. Yet we have no information to lead to that conclusion. Hysteria has taken over

[pepepepe73] 23/3/2021 18:10

Uncertainty is food for shorts and obviously they have the control here.

SFO is killing this company.

current shareholders?, the point here is wheter they are going to be diluted or not.

In case there is no dilution, this is a screaming buy but who knows at this point what SFO is gonna bring to PFC.

[milanr] 23/3/2021 18:06

New very experienced and reputable CEO

[milanr] 23/3/2021 18:05

What happen with the court case in Feb ? No charges against the company ? 1bn cash available.

[lowtrawler] 23/3/2021 17:23

It's amazing how well thought out the arguments are from the shorter's.

dealy. The SFO have to justify their existence. Heaven knows, they are criticised enough. The "fines" being quoted relate to the amounts payable under a DPA. Essentially it is extortion by any other name - PFC agrees to pay a huge sum of money for the SFO to stop their investigation and remove the threat of prosecution.

You can call their bluff and tell them to take you to Court but they will simply go back to investigating for another 5 years, maybe raise charges of obstruction against 1 or 2 of the company officer's and leak claims against you to the press.

[lodgeview] 23/3/2021 16:28

It's over. PFC is finished.

[lodgeview] 23/3/2021 16:19

10p anyone?

[dealy] 23/3/2021 16:11

Seeing as the SFO is a non profit public body I am not sure what motivates them to level enormous fines. Indeed, I think only a court can impose fines and such fines can be challenged

[lodgeview] 23/3/2021 15:37

Tiimmbbeeeerrrrrr

[leoneobull] 23/3/2021 15:29

Will a low mkt cap and loss of contract opportunities diminish the mutually agreed fine size?

[dealy] 23/3/2021 15:07

Market cap now just 310m GBP. Market is pricing in armageddon

[ammu12] 23/3/2021 15:05

So they didn't made profits but you said they were from the last update

[milanr] 23/3/2021 15:00

From Jan there is a mew CEO in place, coming from Shell, let's give him a chance to show what he can achieve. For sure cannot get any worst

[milanr] 23/3/2021 14:59

Ammu, point is that all relates to 2020, which is in the past.

[ammu12] 23/3/2021 14:23

Profits ? Wait till the final results and see how much profits they've made lol...

[eodfire] 23/3/2021 14:14

Approaching the floor IMO.

[laptop15] 23/3/2021 13:54

Shorts closing

[comedy] 23/3/2021 13:17

pmsl...boring day at work...great to see the tennis match of comments:)

lol sure we wont be 0.15p in a few days time?

keep up the banter:)

all jockeying to get in to buy for the next upwave:)