Petrofac

92 days ago

Tom Winnifrith Bearcast No 2: The Envy of the World yanks my chain yet again

Does anything still work in the UK? I detail my latest encounter with the Shipmans and the NHS. Then a dim Tory and personal vindication at Petrofac (PFC). I look at Alien Metals (UFO) and predict a Turner Pope deeply discounted placing soon and finally I put forward a thesis about Skinbiotherapeutics (SBTX). If I am right should Stuart Ashman fall on his sword? 

103 days ago

Petrofac: Wipeout confirmed, we bears vindicated ( yet again), ouzos all round

To think that four years ago this was a high flier with a share price of 172p and an order book of hundreds of millions of dollars. Sales = vanity. Even today, at just under 4p and suspended, there is a c£20 million market cap but there is also official confirmation that shareholders will be wiped out. For Lucian Miers, Evil Banksta and myself a final vindication. For the BBMs who knew better another lesson that they don’t. 

273 days ago

A nil brainer short thanks to a rare chance when a company tells you that its shares are 75% too high!

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.

598 days ago

Evil Banksta Writes to a Petrofac Bulletin Board Loon as a Proper Conservative MP should Respond

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.

1136 days ago

Petrofac – Sorry Gary Newman but I fear the great Waseem Shakoor is right: look at the bond price

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.