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Brand CEO Alan Green discusses Petrofac #PFC, Andalas Energy #ADL, Speedy Hire #SDY & Apollo Minerals $AON on Vox Markets podcast

Brand CEO Alan Green discusses Petrofac #PFC, Andalas Energy #ADL, Speedy Hire #SDY & Apollo Minerals $AON with Justin Waite on the Vox Markets podcast. Interview is 16 minutes 18 seconds in.

VectorVest MD David Paul discusses #GFM, #GLE, #TAP, #CYBG & #PFC on Core Finance

David Paul, MD at VectorVest, talks about why the UK market is still a ‘buy’, and looks at individual stocks such as Griffin Mining #GFM, Gleeson #GLE, Taptica #TAP, Clydesdale Bank #CYBG and Petrofac #PFC.

Buy Petrofac #PFC says VectorVest. Oil price recovery & bumper $5.2bn order book strongly support rerating argument

Petrofac PFC.L is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects. PFC operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services (IES) business. With around 13,000 employees, the Company operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here

On Dec 14th 2017, PFC issued a trading update ahead of its FY results due to be published on March 1st 2018. PFC confirmed it was trading in line with expectations, and said year to date it had received $5.2bn in new orders. Debt is also forecast to be in line with expectations at $850m. CEO Ayman Asfari said PFC “had seen a recovery in new order intake in 2017”, adding that “tendering activity remains high, we continue to maintain our bidding discipline in competitive markets and we have a healthy order backlog.” “Our portfolio is in good shape, and we remain focused on project delivery and maintaining our cost competitiveness through operational excellence. This – together with measures we are taking to strengthen our balance sheet – positions us well.”

The strength in the underlying PFC business flagged indicators across VectorVest metrics during Q4 2017, and the upbeat December trading statement saw the GRT (forecasted Earnings Growth Rate) for PFC log 19.00%, which VectorVest considers to be very good. GRT reflects a company’s one to three year forecasted earnings growth rate in percent per year. The RT (Relative Timing) metric, (an accurate stock price trend indicator), logs PFC at 1.44, which is excellent on a scale of 0.00 to 2.00, although the share has a low RS (Relative Safety) value, which means that the opportunity is only for those traders who can manage risk proactively with a stop loss order. In terms of value, the measure of a stock’s current worth, PFC has a current value of 645p per share. Therefore, it is undervalued at today’s price of 510p per share.

The chart of PFC.L is shown above over the last six months of trading. The green line study in the window above the price reflects the VectorVest valuation. The share has found strong support at 400p and charted a treble bottom basing pattern at this level. The share has broken upwards through a 26 week high and is on a BUY recommendation on VectorVest.

Summary: Former stock market darling Petrofac has endured a few difficult years but the steady recovery in the oil price and bumper $5.2bn order book strongly support the rerating argument. Moves to strengthen the balance sheet are backed by strong earnings growth, which combine to give rise to an excellent RT rating and a valuation of 645p. The share has a low value of Relative Safety (RS) and this means that the opportunity is only for those traders who can manage risk proactively with a stop loss order.

Dr David Paul

January 3 2018

Readers can examine trading opportunities on PFC and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

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European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.comFREE! For free VectorVest analysis on any stock, go to this link here

Brand CEO Alan Green talks Feedback #FDBK, Petrofac #PFC & Prairie Mining #PDZ on VOX Markets podcast

Brand CEO Alan Green talks Feedback #FDBK, Petrofac #PFC & Prairie Mining #PDZ with Justin Waite on the VOX Markets podcast. The interview starts at 13 minutes in.

Round the Clock Trader today features Dr David Paul of VectorVest and Brand CEO Alan Green

Round the Clock Trader today is hosted by Simon Campbell and Zak Mir. Dr David Paul of VectorVest talks market timing, Games Workshop #GAW, Prudential #PRU, Volex #VLX. His slot is 20 minutes in. Brand CEO Alan Green talks Feedback #FDBK, Advanced Oncotherapy #AVO and Petrofac #PFC. His slot is 52 minutes 30 seconds in .

Brand CEO Alan Green discusses Prairie Mining #PDZ, Petrofac #PFC and Hemogenyx #HEMO on VOX Markets podcast

Brand CEO Alan Green discusses Prairie Mining #PDZ, Petrofac #PFC and Hemogenyx #HEMO with Justin Waite on VOX Markets podcast. Interview is 9 minutes in.

Brand CEO Alan Green discusses PFC, MIDW & DEST on VOX Markets podcast

Brand CEO Alan Green discusses Petrofac (PFC), Midwich Group (MIDW) & Destiny Pharma (DEST) with Justin Waite on the VOX Markets podcast. The interview is 29 minutes 55 seconds in.

Petrofac slashes interim dividend by 42%

Petrofac PFC is slashing its interim dividend by 42% to 12.7 cents compared to last years  22 cents, despite what it claims to be a positive start to the year and a rise in net profit from last years US$12m to US$ 70m. for the half year to 30th June. The company is continuing to co-operate with the Serious Fraud Office which launched an investigation into the company in May. The second half of the year is expected to deliver an improvement in operating performance

Fisher (James) FSJ Underlying group revenue for the half year to the 30th June rose by 13% and underlying profit before tax by by 6%, giving a positive start to the year. The interim dividend is to be increased by 10% and there are indications of stronger growth with a good improvement expected in the full year results, following some recovery in maintenance work in the oil and gas sector.

Diploma plc DPLM continued to trade well in the second half of the year and group revenues for the year to the end of September are expected to increase by 17% of which 9% will come from the benefits of sterling depreciation and 2% from acquisitions. With a robust balance sheet the group intends to pursue its policy of acquiring new businesses to accelerate growth.

Paragon Entertainment PEL  claims a ‘credible’ performance  for the six months to the 30th June and that it has done what it set out to do. Unaudited results show  a 45% rise in revenue, whilst underlying operating profit has rise from £106m. to £331m. Basic earnings per share more than tripled from 0.05p per share to 0.18p.

WH Smith SMWH updates that for the year to 31st August, its travel business has produced a strong performance and it has now opened its first three stores in Italian airports.

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