Updates

Petrofac - To deliver â€œat least 20% eps growthâ€

December 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Petrofac hit an all-time high of 1063p over the month as the firm reported a strong trading update, which noted that it should deliver at least 20% earnings growth. Its order backlog rose by US$0.1bn to US$8.5bn. comprising US$7bn for its engineering & construction division and US$1.5bn across its other business units. Meanwhile its gross cash balances rose from US$0.9bn to US$1.3bn mainly thanks to advanced payments in respect of recently won contracts. The tone of the update was mostly upbeat, in particular in engineering & construction where good progress has been made procuring sub-contractors for its recently won business, underpinning its confidence in the estimates on which the bids were based. Selective b ...

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H&T - Eps forecasts upgraded 16%

Petropavlovsk (Peter Hambro Mining) - Shares break over Â£13

Petrofac - Oil services group recovering after contract setback (November 2016)

Petrofac (May 2013)

Petrofac - "Farm-in" to large gas discovery in Cameroon (December 2012)

Petrofac - Oil services firm exploiting strong demand (September 2012)

Petrofac - To deliver "net profit growth of at least 15%" (July 2012)

Petrofac - Goldman Sachs has 2008p price target (April 2012)

Petrofac (January 2012)

Petrofac - Backlog twice covers revenues (October 2011)

Petrofac - US$2.1bn new orders (August 2011)

Petrofac (June 2011)

Petrofac - Huge contract win swell order backlog to US$13.5bn (March 2011)

Petrofac (February 2011)

Petrofac - Take some profit off the table (October 2010)

Petrofac - Oil services firm secures several new contracts (September 2010)

Petrofac - Shares hit new highs on back of forecast beating results (April 2010)

Petrofac (February 2010)

Petrofac - Guidance for profit growth of at least 20% growth (October 2009)

Petrofac - Fast growing oil services firm with high predictability of revenues (August 2009)

Petrofac - Lower oil price reduces forecast (December 2008)

Petrofac - Interims beat expectations (October 2008)

Petrofac - Acquisition broadens service range (September 2008)

Petrofac - Oil & gas engineer with record order book (August 2008)

Petrofac - 10% eps upgrade (July 2008)

Petrofac - Shares break above Â£6 for first time (May 2008)

Petrofac - Shares soar over 50p (February 2008)

Petrofac - Oilfield services firm sees rampant demand as energy prices soar (November 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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