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What remains to be seen is how substantial and how sustainable the "bounce" is. Let's not forget we still sitting with a 50% loss in SP sustained over the last 6 months. An upturn is long overdue but I wouldn't be beating the drums quite yet
CEO is obviously confident of an upswing in the share price sooner or later. Maybe the SFO inquiry will soon be finished and not as bad as expected..looks promising for investors anyway
LONDON, March 21 (Reuters) - Petrofac Chief Executive Officer Ayman Asfari has acquired 10 million pounds ($14 million) of shares in the oilfield services company, a regulatory filing shows. Asfari increased his stake in Petrofac from 18 percent to nearly 19 percent after acquiring more than 2 million ordinary shares at 494.113 pence per share, with a total consideration of 10 million pounds, the filing said. reuters.com
TOT..Do you still think the Prince will shortly announce the QFI deal ? Hissing myself laughing.
Tot..I very much doubt it as its only a trial.
Well said Accypete..you nailed it there.
I have a feeling the KSA trial will never happen.
..... To ATA or we are all going to take a hit
Please everyone including our pig headed management listen