Market's view on Petrofac
Published on April 2024
- Stock watchers speculate about a significant share price rise, potentially due to a takeover bid.
- Concerns are raised regarding the company’s financial management, specifically the lack of profit despite winning multiple contracts.
- Observations are made about recurring patterns in share transactions, indicating that large shareholders might be maneuvering.
- There’s ongoing discussion about the company’s debt restructuring, including a debt-for-equity swap and negotiations for further investment or asset sales.
- The potential for a significant debt-for-equity swap is debated, with implications for the company’s capital structure and liquidity.
- Stock watchers discuss the management’s efforts in balancing payment obligations and securing necessary guarantees for recent contracts.
- Speculations are made about the company’s share price potentially dropping drastically following an upcoming financial announcement.
- Discussions highlight the share price patterns aligning with short positions in the market, questioning the strategies of short sellers.
- There are concerns about the possible heavy dilution of shares, indicating a wait-and-see approach before making investment decisions.
- The dialogue includes a critique of the company’s year-end financial strategies and the pace of negotiations with lenders and stakeholders.