Bloodshot

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

Not a good idea to hold onto failing or failed shares. It's a better strategy sell them and put the money into something with more promise. Out with the old, in with the new. If its going nowhere whats the point of keeping it. I sold the dogs and bought sirius minerals SXX at .23 and theyre now at .28 and rising. L8ng term hold hoping for a big profit on this. Worth putting some pennies into imo dyor etc.

GFRD is about 50% of my portfolio bcos ive been averaging down. Risky I know and hope im right to have such confidence in the company. Im break even at about 11.40 now and quite happy to hold for the next 2 or 3 years at least and soak up the generous divis while waiting for an opportunity to sell at somewhere between 15 and 16. Does anyone know if the rights issue is for all investors or just the big manipulators?