On 3rd July PFC announced that it was trading well ahead of expectations. Not surprisingly, sp jumped but has now fallen back pretty much to the same level as before the announcement.

While perhaps not as exciting as finding the next Cairn, remember that in the goldrush days, it was rarely the prospectors who made the money, but rather the suppliers of the spades and tents and stuff - e.g. Levis if memory serves me aright.

re - magicjoe

I wonder what happen to the poster, some think was one of the best around, but as usual the good one's go and who stay, make your own conclution, I will say the "lynch mob" to blame...........


magicjoe - 23 Oct 2012 18:48 - 451 of 500
As no one spoted my target of 1535.82p being reached today, I had to do it myself.

Job done on a thread I was not interested to post, but just to proved the point.

The one who knows the business and the others than just talk but no back up.
done on the 24th September with stages and target of Fibonacci ..........

Chris Carson - 23 Oct 2012 20:46 - 453 of 499
Can't deny he was spot on though cynic, would have been a good trade. Give us a shout when you see see another set up joe :O)

cynic - 24 Oct 2012 07:19 - 454 of 499
absolutely so, though it would also be good to hear from MJ when he gets it all wrong as even the best do, including warren buffett!

cynic

re - cynic - 28 Feb 2013 13:37 - 497 of 500
have already requested that this arschloch be removed once again

On the underworld they call it "GRASS" at you activities, ( though I have done nothing wrong ) we know you have been busy on that. Just because someone explosed you of many porkies on you post, and others butt in, some can not see further than their nose I would say.

I hope you have a good reason to tell San PETER if you want to go Upthere, or maybe after all not being a Christrian intent to tell more porkies.

I hope "Ian " is clever enough to see who brings good "TIPS" with reasons for, to the threads and with that posters reading and advertisement, MAM can do with some of that, looking at the main page of threads, with just a couple dozen only moving a day and complains of not all working as it should be.

"Nobody likes you, everybody hates you. You should go in the garden and eat worms!"

Howmany of the " lynch mob " is part of your family?

Do not open your mouth too wide or I will have to send you to the dark room,
you know what is on there ( you have eaten it before ) hard bread but no water.

re - "Nobody likes you,

I can do with out your family appreciation
What I know is the Palestinians love me, and they even know who I am

they are coming to take me away ah hah..............

this one is turning into a real bad egg, despite consistently turning in annual growth in mid teens

OUCH
is still falling badly


Petrofac schedules AGM
Petrofac will hold its annual general meeting at the Sofitel St James Hotel, 6 Waterloo Place, London SW1Y 4AN on 17 May at 10.30 a.m.

At 3:41pm: (LON:PFC) share price was -36.5p at 1409.5p

it is indeed, along with most of the market(s) .... LAM remains positive, and i'm positively delighted to have shorted dow earlier :-)

PFC rockin' n rollin' today, having just been awarded a massive contract in AD ...... but for all that, sp relatively languishes

Petrofac consortium awarded US$3.7 billion Abu Dhabi contract * Petrofac emirates' share of the contract is valued at US$2.9 billion

RNS day and nobody says how badly the share performance is being hit >>>>>>>>>>


"Oil industry service group Petrofac was the worst blue chip performer of the day, down 42p at 1,320p, although it said project margins were in-line with expectations and it remains on track to meet its earnings target."

menorca1 re-register alert -):

he is chasing cynic again!

re - chasing

is someone on the run?

is Bonnie doing it again?

which bank did ( she ) robed this time?

Tim pushing the boat out again -): http://www.moneyam.com/action/news/showArticle?id=4651811

Petrofac signs US$120m training agreement http://www.moneyam.com/action/news/showArticle?id=4668496

Tim push's the boat out yet again http://www.moneyam.com/action/news/showArticle?id=4669381

Some more good news http://www.moneyam.com/action/news/showArticle?id=4671674

this really is a very good company indeed, but sp has struggled for quite a while and for no obvious reason, per below .....



worth noting 200 dma lurking not far away

Director Shareholding - Tim Weller - 9 shares... you know the score -): http://www.moneyam.com/action/news/showArticle?id=4687888

Note from UBS today:
"BP has flagged that expansion projects for Algeria’s In Amenas and In Salah gas producing sites will not start next year as originally planned. The projects are run as a partnership between Sonatrach, BP and Statoil (operator). Work on the projects stopped after terrorist attacks in January. Petrofac, contractor on In Salah, communicated in May that it has rescheduled the remaining work for completion in 2014 vs. 2013. The overall profitability of the contract has not been impacted.
Based on discussion with the Petrofac, we understand that it has people on the ground but is awaiting guidance from operator Statoil before fully mobilising. Currently, the company assumes mobilisation 1Q14 so further delays could see risks to 2014 revenues and earnings. We currently include c $550m revenues for In Salah completion, 7% of 2014E group revenues but since this is for completion work and likely higher margin, the impact to 2014E EPS could be in the range of 7-10% of net income.
Petrofac shares have been strong recently, up 18% over the last 3 months, outperforming Euro oil services by 11%. Despite this, the shares are still trading on a 15% discount to the sector on 2014/15E P/E compared to a 5-yr average discount of 2%. We reiterate our Buy rating and believe that weakness on the back of the In Salah uncertainty could be a buying opportunity.