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SFO Investigations

lse:ule

#1

B****r!!!

Whatever they’ve been up to in Algeria may be pretty minute in the overall business, but this could put a dampener on the share price and the business for a significant time. (The Petrofac SFO enquiry was launched 11 months ago and is still ongoing.)

Such things take a lot of senior management time!


#2

It has not ended the day too badly: down less than 5%. When Petrofac announced an SFO investigation their share price just about halved.

Anything like this is serious, but I can’t imagine it is very large if it was in Algeria. Skipping through the Finals I could see no mention of Algeria specifically; and there was plenty of ROW activity which was mentioned, so it must be pretty small fry.

whatever it is a cloud hanging over the company now until it is sorted.