The Lemon Fool

Petrofac shares restored to LSE:

https://www.investegate.co.uk/announcem ... o-/8240717
and
https://www.investegate.co.uk/announcem ... ed/8240705

trading at 13.29p

The first hint of any optimism for a very long time, but any recovery still looks very precarious, and entirely reliant on the goodwill of PFC's creditors - https://thefinancialanalyst.net/2024/06 ... propsects/

But some punters evidently think it's worth a bet, as the price hit nearly 20p today.

Still not paying the coupon on their debt. Increased the number of note holders agreeing not to take action against them for not paying.

https://www.investegate.co.uk/announcem ... n-/8286375