72 days ago
For shorters, this is a nil brainer. Rarely does a company explicitly tell you that its shares are 75% overvalued but that is exactly what has happened here.
397 days ago
Some folks are calling for a ban on shorting and have written to their MPs demanding that Petrofac (PFC) and others be saved from the wicked bears. As I explained in bearcast earlier with the case study of World Chess (CHSS), bears and shorters are actually much needed. Now Evil Banksta has responded as a proper Tory MP should.
935 days ago
Gary Newman last tipped Petrofac (PFC) on this website on 6 September HERE at 112p. He can write what he wish, but I fear he is wrong – this is a stock for shorting – and note comments from the great Waseem Shakoor today.