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?
I agree you might be just a tad over diversified at 43 holdings and if your saying that GFRD is 14th largest at around 1k then dealing costs must seriously eating into your profits. I dont think theres enough hours in the day for me to keep check on 43 holdings. I think 10 or 12 would be my max but 8 or 9 more manageable.
Wish they had seperated the send button from the input bar when they designed this. Too easy to send
...the share down that might give me an opportunity to top up and either way its good to hear all views.
Personally im happy to hear all opinions, wether positive or negative, otherwise your in danger of being too in love with a share. If someone wants to try talk
From Construction Enquirer... Galliford Try has taken on two Carillion directors to strengthen leadership and drive growth at its highways business. Duncan Elliott, who previously headed up Strategic Highways with Carillion for nine years, joins as managing director of the Highways unit within Galliford Try’s Infrastructure Division. His experience also includes 16 years in various roles with Alfred McAlpine to operations director level. Former Carillion directors Duncan Elliott and David Bates join Galliford Try Galliford Try has also appointed David Bates as commercial director for Highways. He also joins from Carillion where he held a similar role. Nick Salt, Managing Director of Galliford Try Infrastructure, said: “We’re in a position to provide a focus and resource to our clients that can’t be matched by some of our competitors who are committed to major programmes such as HS2.†As a Collaborative Delivery Framework contractor for Highways England, Galliford Try is currently engaged in the Smart motorways programme on the M1 in joint venture with Costain. Galliford Try has also recently started work for the same client on a £24m contract to build a new junction on the M49 near Bristol and is progressing the Lincoln Eastern bypass under the Midlands Highways Alliance.