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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 Shares Traded Last Trade
  5.55 4.23% 136.80 5,629,004 16:35:03
Bid Price Offer Price High Price Low Price Open Price
135.90 136.20 138.60 130.75 132.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4,169.81 144.77 16.36 8.7 473
Last Trade Time Trade Type Trade Size Trade Price Currency
17:57:03 O 62,047 137.125 GBX

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Date Time Title Posts
07/3/202109:26Petrofac16,769
23/1/202112:43*** Petrofac ***216
22/10/201621:17Analysts' Viewpoints on Petrofac (PFC)-
29/10/201414:23TipTV Market Roundup: Petrofac to underperform-
29/10/201414:20TipTV Market Roundup: William Hill to underperform-

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DateSubject
07/3/2021
08:20
Petrofac Daily Update: Petrofac Limited is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker PFC. The last closing price for Petrofac was 131.25p.
Petrofac Limited has a 4 week average price of 112.70p and a 12 week average price of 101.70p.
The 1 year high share price is 302.80p while the 1 year low share price is currently 101.70p.
There are currently 345,912,747 shares in issue and the average daily traded volume is 2,543,569 shares. The market capitalisation of Petrofac Limited is £473,208,637.90.
24/2/2021
08:38
fizzmiss: As said, the share price was manipulated lower and fell 9p from its high yesterday and closed nearly 5p down? For what reason? Did PFC fall off the face of the earth and go bust? Nothing but blatant share price manipulation by Sewer Rat Shorters. Shorting should be band it's unregulated. Please don't quote FSA lol
24/2/2021
07:46
fizzmiss: Think this needs a re-post and explains a lot, hope you dont mind: whites12330 Jan '21 - 09:32 - 16004 of 16669 0 16 0 OK. Not sure how many of you call and speak to IR or anyone else at PFC. I generally call them a couple of times a year just for a "Catch up". I read someone saying they could have to raise funds to pay any fine... LOL... Sorry, that isnt going to happen. But what is on the table is some high power meetings to try and sort this mess out without any liability being accepted. Sami had only held his position for 2 weeks when the latest SFO announcement hit, and it landed on their desks at 4.30pm on Thursday. Sami was scheduled to be flying out to UAE that very evening and was going through customs when it landed. They knew they had to respond and they did so. Suddenly the agenda for his visit was changed from "Business" to ensure shareholders were onside.. The SFO threw a curveball. Shareholders are resilient though and this is demonstrated by the fact there have been no reduction in disclosable interest. The only changes have been in short sold positions, and until this week that was to increase shorts. As for comments regards doing business with PFC, again to suggest that companies are holding back is to be frank, quite laughable. Tenders for contracts have grown despite the economic slowdown and secured revenue is just 200 Million below comparative pre-covid times. Covid has been the factor the world has had to deal with and consider the average oil price for 2020 was just a few cents above $40 per barrel. As we enter 2021 with vaccines and industry clambering to get going again we currently sit with an average price of oil thus far at above $51 per barrel. Sami has intimated he is willing and ready to speak to the SFO. He has even intimated that PFC may be willing to find a way to closure by accepting a fine with no liability. The SFO will this month succeed in seeing David Lufkin sentenced and off to do some bird. This alone will draw one line under the situation, and there is expected to be no surprises as it is widely believed that the sentence has been agreed and the hands up to 3 further charges earlier this month were to allow SFO to close those lines of enquiry. Petrofac in the meantime carry on winning Multi Billion $ contracts and the news this week from Ineos / PFC confirms that their relationships are strong. The share price was hammered when the SFO investigation broke 4 years ago. Since then the share price has been hammered again and again on the same news, to suggest its "New news" each time it runs to print. The SFO average investigation time is 4 years 7 months, so you can see that the investigation thus far has not even reached the average time. The sum of parts does not reflect the true story, what we are seeing is fear and more fear being peddled and armchair investors accepting this as gospel. The remit of the SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples company and puts 15,000 people out of work leaving Oil services with no support" Feb is going to be an interesting month. Armchair investors Stateside have bloodied the noses of short sellers. If we see this occur here then we can expect a HUGE re-rating with immediate effect. Without it, I still expect to see a steady climb to from whence we fell on 15th January (£1.70) The stock was building momentum at that point and heading to £2.00 We have UK Tech week 16th - 18th Feb Oil and Gas conference 18th - 19th Feb Both of these alone will generate interest and very likely improved share price. Results are scheduled for 24th Feb and it will be first time for Sami as CEO to captain. In August 2017 the SFO started investigation into BAT (British American Tobacco) Earlier this month they announced the investigation was closed as they could not offer evidence to support a realistic prospect of conviction. The SFO have their fall guys from PFC and on the 11th February will see David convicted. That will in essence draw a line under those part of the investigations Pay your money, take your side. All i see is an overwhelming compelling argument to buy as many PFC shares as one can afford. To me this is a no brainer.
07/2/2021
17:48
whites123: What an awful shame we have the likes of Ammu changing officially released documents to read as relevant. What a shame we have people who are still asking "How PFC are going to pay a fine" What a shame we have people who dont understand the shorting mechanisms used to drive a share price down .. (This could be easily fixed if the authors were to spend an afternoon reading papers which can easily be found using google search) I have said all along and maintain this... PFC have not been charged. PFC are unlikely to be charged. This has now been made even more unlikely based on the Supreme court motion. Dave is sentenced this Thursday and my thoughts have always been that the SFO will use this opportunity to announce cessation of the PFC investigation. Dave has "Not given up any current employee of PFC, because there are none" Corporate Governance at PFC is as good and strong as you will find at any company, if not better and more stringent. What a shame I still read silly comments about £30 Million being such a large number that PFC must have known... Dreary me, understand and learn how agents fees and commissions are paid.. Its not brown paper bags... LOL There is a double whammy here.. Lets just consider for arguments sake that the SFO were making good progress with any investigation, lets pretend that the SFO were on the cusp of charging "EX Employees" (As there are no current employees tied into the debacle... Then now with the Court ruling if they were to rely on foreign obtained evidence then a decent lawyer would have that thrown out as inadmissible.. I have suggested all along that Sami could be brokering a deal to make a payment with accepting no liability.. With the court news I now think if Sami were to be considering that.. (Which in actual fact he has been) then I really think he should now take that offer off of the table... As they say in the trade.. "No Deal" An awful lot of shorts... (For those that really dont understand I am not explaining... Google it) Still have to be bought back. As has been mentioned we are on the cusp of an oil boom. Hold onto your hats as a saying goes, because this is going to get really really interesting... Onwards, Upwards, and whose for £2.00 by the end of this week?
06/2/2021
21:37
sami69: RyadIt all depends on how low the share price falls for the hedge funds to make money.A share price falling may cause other holders to lose confidence and sell their shares causing further drops.The hedge funds will not buy them back in one go. They will play the order book and buy back in smaller amounts as not to cause the price to rise sharply.Many hedge funds make a killing shorting but their is no guarantee that shorting will make them money. If their is a much bigger volume of buying to selling then this will drive the price up eg..Tesla. Look what happened to Melvin capital with Gamestop.
05/2/2021
15:07
whites123: I do despair somewhat at the constant and continual mention of PFC being fined.. PFC have not been charged with any wrongdoing, thus it is IMPOSSIBLE for them to be fined.. Now... As a previous poster mentioned... The possibility / likelihood of PFC seeking a settlement... ahhhhh, now that is totally different. It is certainly in PFC favour to make this black cloud of uncertainty go away, and it is that which I think (Hope) people are getting mixed up with... if its not then they are just displaying an arrogant ignorance of the facts. A couple of weeks ago I told you guys the 3 further charges admitted by Lufkin landed on PFC desk at 4.30pm on a Thursday evening. I told you that Sami was in UAE at the time and had to push out a response when actually he was looking foi4rward to agreeing and finalising deals. Now, Sami was only 2 weeks into his leadership of PFC and has lots to contend with. One of these listed items is to resolve the SFO issue. It may be that he agrees a payment to make it go away... A Settlement, and agrees to accept a public slapped wrist but admitting no liability. It could be that Dave Lufkin sentencing on Thursday may be enough for the SFO to draw a line under it all and announce they are closing the case investigation. Its all guesswork and is causing two opposing sides.. Those who gamble with spread bets and CFD's (Shorting.. although they use leveraged positions and actually are only gambling) vs those of us who buy shares as investments.. Either way, the time WILL come when the share price rockets northwards. That is a given.. Even gambling spread betters would not disagree with that, but in the meantime they are creating fear which is so much easier to disseminate as opposed to positivity. Malcy got it right... there are HUGE deals to come... (MEGA, if you don't mind me using that term). What would come as a shock to me, is if the SFO announce they were to charge PFC... That would come as such a massive huge shock because PFC have demonstrated they have governance in place which is enough for auditors and investigators to sign off. My gut feeling is that the SFO will close the case after Lufkin is sentenced, and what then? A straight rebound to where we were when we fell on the rehashing of old news which is straight up to £1.70, or do we actually propel ourselves to where we fell from 4 years ago which is £9.00... Of course the £9.00 is not really realistic as we have also had Covid to deal with and decreasing revenues, but certainly £4.00 is very realistic and makes my target.
03/2/2021
14:51
milanista11: Fact is that Lufkin has paid out bribes worth of over 30 millions Usd and this he cannot have paid from his money. The sum is too huge. He must be a middle man and who gave the order to bribe? The prime suspect is obviously the potential beneficiary, and this is Petrofac or persons related to Petrofac. The SFO and other authorities have also to investigate in relation to money laundering to monitor the money flows. In this respect they control a lot, even the small money transfers of the common citizen, alledgely to fight terrorism. In this case there are dozens of millions paid to unknown people in the Middle East. The matter could be really serious. What is also known is that the late co-founder of PFC, Maroun Semaan is investigated.He was a big shareholder of PFC, he could be a beneficiary of an inflated share price thank to the many contracts. Finally the only one who could give further information is Lufkin, but it is very possible that between him and the boss of the corruption scheme there are other intermediaries to occult the person behind. Which of course is another reason for more accurate investigation. Anyway the reputation demage is huge and long lasting. Finally the only one actually, that could incriminate somebody is Lufkin, if there are not entities or persons interposed. I was a former shareholder of PFC and I believed and still believe that this company makes an excellent work on the field. But the fall of investments in the oil sector and the bribery scandal has had nefarious repercussions on the company. I was "lucky" I had a margin call at better times of PFC and had to sell the shares. I am poised to buy a small position but I am very hesitant. In case they have to pay a fine a capital increase is unavoidable and then this would be the best option to buy cheap, very cheap. And also to avoid a potential disastrous outcome like the take over for pennies to get a solution to the reputation risk.
02/2/2021
18:26
whites123: Wardy333, Hallelujah.... :-) Thanks... I am not alone here against these wannabe spread betters who cannot grasp the law in that someone cannot be found guilty of a crime if they have never been charged. One poster here (Pogue, or something like that) kept banging the drum about Dave was committing fraud under the noses of PFC. He cited that that made the company liable... In an ideal world, yes, but his google search (Because that is clearly what he did to come to that misunderstood synopsis) did not consider that if adequate procedures were in place then no case to answer.. This is why on the 11th we are going to see Dave sentenced.. We are currently 4 years into the SFO investigation and absolutely no charges have been made. Not against the company nor any current employees. The SFO will only ever prosecute if it is in the public interest to do so and they have a realistic prospect of conviction. Currently they do not. Short position have ruined the share price and along with negative press carries on doing so. When the SFO investigation was announced the share price took a hit, and has taken further hits everytime the SFO is mentioned. Its akin to this being the first time the news has been told. I am very much looking forward to the sentencing as my hope is this will draw a line in the sand. It will also provide opportunity for the SFO to announce that their investigation into bribery and fraud has resulted in a conviction and David will do "X" years, and the case has now been concluded. They get their fall guy and an opportunity to publicly announce end of investigation without them getting anywhere (As was the case last week when they closed their investigations on BAT after 4 years with no charges bought)
02/2/2021
13:39
csj0hn: PFC is going nowhere until this 'uncertainty' cloud is blown away. Stop blaming BP. PFC crashed long before BP results were known. The legal issue hanging over PFC has dampened confidence and until there is greater clarity from the FCA the investors will stay away. Some fool yesterday dared to suggest that PFC was not charged with anything and therefore this had no bearing on the share price Every school boy knows that even rumours can affect confidence and the share price So what do you think was behind the nose dive ?????
01/2/2021
17:08
whites123: Maybe preparing for a potential fine ? HELLO: One would have to be charged with something first and then the years before it gets to court and defense made... So unless I have missed something then I have to ask... "What potential fine?" Uncertainty over the fine plus the current climate would help depress OFC share price for a while HELLO: Uncertainty over what fine? There is no fine, there are no charges even. I am shocked and amazed at how people can not understand this simple message;;; PFC HAVE NOT BEEN CHARGED.. No current employee has been charged.. Therefore it is IMPOSSIBLE to fine them.. Now, this could change, if the SFO decide to press charges, and if PFC were to admit guilt. Then there could be a fine levied.. It could also come to light that the SFO close their investigation because it proves to not be in the public interest or they have no certainty of a conviction if PFC decided to defend any charges, but presently at todays date PFC face NO FINE and NO CHARGES... Its getting weary explaining it to people..
30/1/2021
09:32
whites123: OK. Not sure how many of you call and speak to IR or anyone else at PFC. I generally call them a couple of times a year just for a "Catch up". I read someone saying they could have to raise funds to pay any fine... LOL... Sorry, that isnt going to happen. But what is on the table is some high power meetings to try and sort this mess out without any liability being accepted. Sami had only held his position for 2 weeks when the latest SFO announcement hit, and it landed on their desks at 4.30pm on Thursday. Sami was scheduled to be flying out to UAE that very evening and was going through customs when it landed. They knew they had to respond and they did so. Suddenly the agenda for his visit was changed from "Business" to ensure shareholders were onside.. The SFO threw a curveball. Shareholders are resilient though and this is demonstrated by the fact there have been no reduction in disclosable interest. The only changes have been in short sold positions, and until this week that was to increase shorts. As for comments regards doing business with PFC, again to suggest that companies are holding back is to be frank, quite laughable. Tenders for contracts have grown despite the economic slowdown and secured revenue is just 200 Million below comparative pre-covid times. Covid has been the factor the world has had to deal with and consider the average oil price for 2020 was just a few cents above $40 per barrel. As we enter 2021 with vaccines and industry clambering to get going again we currently sit with an average price of oil thus far at above $51 per barrel. Sami has intimated he is willing and ready to speak to the SFO. He has even intimated that PFC may be willing to find a way to closure by accepting a fine with no liability. The SFO will this month succeed in seeing David Lufkin sentenced and off to do some bird. This alone will draw one line under the situation, and there is expected to be no surprises as it is widely believed that the sentence has been agreed and the hands up to 3 further charges earlier this month were to allow SFO to close those lines of enquiry. Petrofac in the meantime carry on winning Multi Billion $ contracts and the news this week from Ineos / PFC confirms that their relationships are strong. The share price was hammered when the SFO investigation broke 4 years ago. Since then the share price has been hammered again and again on the same news, to suggest its "New news" each time it runs to print. The SFO average investigation time is 4 years 7 months, so you can see that the investigation thus far has not even reached the average time. The sum of parts does not reflect the true story, what we are seeing is fear and more fear being peddled and armchair investors accepting this as gospel. The remit of the SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples company and puts 15,000 people out of work leaving Oil services with no support" Feb is going to be an interesting month. Armchair investors Stateside have bloodied the noses of short sellers. If we see this occur here then we can expect a HUGE re-rating with immediate effect. Without it, I still expect to see a steady climb to from whence we fell on 15th January (£1.70) The stock was building momentum at that point and heading to £2.00 We have UK Tech week 16th - 18th Feb Oil and Gas conference 18th - 19th Feb Both of these alone will generate interest and very likely improved share price. Results are scheduled for 24th Feb and it will be first time for Sami as CEO to captain. In August 2017 the SFO started investigation into BAT (British American Tobacco) Earlier this month they announced the investigation was closed as they could not offer evidence to support a realistic prospect of conviction. The SFO have their fall guys from PFC and on the 11th February will see David convicted. That will in essence draw a line under those part of the investigations Pay your money, take your side. All i see is an overwhelming compelling argument to buy as many PFC shares as one can afford. To me this is a no brainer.
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