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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Petrofac

January 2012

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.

  • Epic Code:
  • PFC
  • Price:
  • 1421p
Strong demand within its markets has led to oil services firm Petrofac upgrading expectations for like-for-like net profit growth from 15% to 20% for 2011. It has also reiterated its target to double group earnings over the five years to 2015. On the basis of awards announced in the year to date its year-end backlog is expected to be US$10.6bn (30 December 2010: US$11.7bn) while gross cash balances are expected to be US$1.3bn (30 December 2010: US$1.1bn.) Ahead of this updat ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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