Norman Barrington
06 Mar 2018
Re: Broker target In answer to Jack's comment: Not sure how much thought went into the calculations! 95% of all statistics are made up on the spot. 
SpeederD
06 Mar 2018
Re: Broker target Jefferies also raises to BUY from HOLD
Jack_Walsh
06 Mar 2018
Broker target I know they're usually a load of old tosh, but I still like reading the positive ones!Kepler Cheuvreux today reaffirms its buy investment rating on Petrofac Ltd (LON
FC) and raised its price target to 660p (from 600p).It's exactly 50% higher that the SP at the time. Not sure how much thought went into the calculations!
Bloodshot
05 Mar 2018
Cruel to be be kind...how arrogant! Doesn't hurt to be helpful to others does it
Norman Barrington
05 Mar 2018
Re: Final Divi date. Quite so Boyo - you have to be cruel to be kind. It's a rather blunt way of saying DYOR! But good advice just the same.
Boyobach
05 Mar 2018
Re: Final Divi date. If you know the answer why couldn't you just answer the question?Well, 1) My name isn't Alexa, Siri or Cortana.2) Some investors may need to be encouraged to find basic info for themselves.
Clitheroekid
05 Mar 2018
Re: Final Divi date. "Any idea when is the final Ex-Divi date & how much ?.Yes. Try checking the Full Year Results, published last week and available under the News tab above."If you know the answer why couldn't you just answer the question?The final dividend payment is $0.253 (approx £0.18) and is payable on 25 May. The ex-div date is 26 April.
Boyobach
05 Mar 2018
Re: Final Divi date. Any idea when is the final Ex-Divi date & how much ?.Yes. Try checking the Full Year Results, published last week and available under the News tab above.
samzin
05 Mar 2018
Final Divi date. Any idea when is the final Ex-Divi date & how much ?. Haven't seen any announcement.
Boyobach
01 Mar 2018
Re: Harsh reaction Harsh - quite possibly.The dividend and outlook seem to deserve an sp of at least 520 to me. Meanwhile having reduced my exposure to PFC without actual loss, I'm content to continue holding and may even top up moderately on the lows.Shame about the ill-starred JSD6000 and associated $176m impairment - I mistakenly thought that project was consigned to history nearly two years ago, this from a Hargreaves Lansdown article at the time (Feb 16)"Shipyard performance issues" was an interesting term to explain backing out of a billion dollar commitment to build something for which there may no longer be much demand for. How much the group ends up having to write off against the ill-fated JSD 6000 barge project remains to be seen, but right now, we doubt the market for half-built super-size oil rig lifting barges is that strong.But that may be academic, for it was clear that the JSD 6000 was a product conceived in a different era, which would struggle to earn its keep in a world where new deep water oil fields may not be economic."
marktime1231
01 Mar 2018
Harsh reaction The reported results in cash flow terms are better than expected, debt contained, outlook better than feared, dividend as good as we could hope for, brokers happy. Sustaining financials by cutting capex. A harsh reaction then today, is it going to take positive signs eg signifcant new business to reverse the sentiment? Or the shorts to unbunch?PFC remains acutely sensitive to oil price and has tracked it back from $70 to $63 to where next, back under $60 maybe, but still high enough to support business pipeline.PFC remains my recovery pick for 2018.
veksi
01 Mar 2018
Re: Petrofac full-year core profit beats; CE... It's a treaders share at the moment.Fundamentals matter little for now.It goes where ever traders push it. Although they do have to grind it hard. Easy target it appears. They dropped it from 470p down to 470p quickly. It should go back there though give it bit of time.
contrarianstyle
01 Mar 2018
Petrofac full-year core profit beats; CEO to resume full duties good results, dividend as expected and the Chief Executive Ayman Asfari is backwe went up 3% but then got sold off heavily 
, not sure why?
SpeederD
01 Mar 2018
Re: Chedid hired back He's actually resigned. The SP has taken an absolute battering today, yet I'm not quite sure why, other than dividend yield which was pre-announced in terms of their approach to this.i think there's more positive than negative news:1. CEO back in the sack - must be a reason why this is now appropriate2. Good EBITDA3. Good balance sheet and debt management4. The P&L loss was all impairment, cashflow remains strong5. Revenue reduction was project timing driven - not terminal6. Pipeline remains strong7. Legacy assets and SFO aside, the business looks robust.
marktime1231
28 Feb 2018
Chedid hired back This from the Sky city editor who is terrific at breaking news after the bell when he has been handed the embargoed press release ... the SFO can't get any dirt to stick then?"A senior executive at the London-listed oilfield services group Petrofac is to return to the company temporarily nine months after he was suspended as part of a Serious Fraud Office (SFO) probe.Sky News has learnt that Petrofac will announce alongside its annual results on Thursday that Marwan Chedid, its former chief operating officer,‎ is to return to the company in an advisory role.A source said Mr Chedid would rejoin the business, which operates in 29 countries around the world, for up to nine months but had decided to leave once his advisory role concludes.The SFO has been investigating Petrofac and some of its top executives as part of a broader criminal probe into Unaoil, a Monaco-based company.Its inquiry is reported to relate to the provision of local consultancy services and the securing of contracts in countries including Kazakhstan and Syria.Both Mr Chedid and Ayman Asfari, Petrofac's chief executive, were interviewed under caution by the SFO last year.Earlier this month, the company said the agency's investigation was "wide-ranging in time and scope, and relates to the activities of Petrofac, its subsidiaries, and their officers, employees and agents for suspected bribery, corruption, and/or money-laundering".
