hondaboost
1 month ago
Petrofac is listed on both the US OTCBB (symbol: POFCY) and London Stock Exchange (symbol: PFC) .
Notwithstanding these challenges, we entered 2024 with an order backlog of US$8.1 billion, 90% won in 2023 and largely comprising contracts in our core markets, and a Group pipeline of US$60 billion scheduled for award in the next 18-months. Within this, E&C’s addressable pipeline is US$48 billion, of which 58% is in our core MENA markets and 18% in energy transition sectors. Asset Solutions’ addressable pipeline is US$12 billion, of which 70% is in target geographies outside the UK & Europe.
Free cash outflow for the year of US$223 million.
hondaboost
1 month ago
POFCY, Just found this stock. It’s very interesting: it went as High as $3.27 from $0.075 on May 21, 2024.
2024-05-21, POFCY, High: $3.27, Low: $0.0777, Closed: $0.64, Volumes: 11,493,451 shares.
Actually, it had been $18 at around 10 years ago. It’s a monster company with lots of offices in 40 countries. It has got $8.1 Billion contracts in hand this year: this might be the reason for it to go up to $3.27.
O/S: 50 million shares. Current market values just $5 million, extremely undervalued !!!
Watch it closely, and it might and will go back to dollars, again with $8.1 billion contracts in hand already.