WSP Group Share Discussion Threads

[chrisjg] 07/4/2009 19:16

CR, I am expecting a bit of selling pressure on these. Despite all the positive news from the last results the sector is struggling and WSH have had a great little rally plus gone ex-divi I think those who have easily made 30% or so from the 180's will be closing positions.

I have no doubt about WSP going forward I just think caution is still order of the day.

I am trying to do my best to not let my emotion for this stock get the better of me - my heart says buy, for me the chart is top heavy and I see it retracing I am therefore holding off having been heavily burned in WHY.

Buy the time the chart is showing buy signals ie a rsi near 30, and a MACD that has crossed down and turning up - I would like to see 200p tested again and I will then set a buy on a rise of 10% targeting 220p...

all the best Chrisjg

[fast investor] 07/4/2009 16:49

Yes far too cheap imho even in this market should be at least double present share price

[cockneyrebel] 07/4/2009 16:47

One of the best buys on the market imo gsw - just look at the record, the PE, the yild, the director buying, the order book growth and show me anything that feels more of a cert in this market. Can sleep easy with a big chunk of these imo.

CR

[gswredland] 07/4/2009 16:36

Joined you guys!
In for the first time at 230. Watch it fall now!!Seemed to good to resist,and hope to stay for the long term.

[fast investor] 07/4/2009 16:18

Nice litttle recovery going on on the daily chart.

[fast investor] 07/4/2009 16:17

Yep ive just gone in and topped up nurdin.

Way to cheap imho,

[nurdin] 07/4/2009 15:51

what a great buying opportunity...I have taken advantage :o)

[cockneyrebel] 07/4/2009 15:24

Just the sort of dip to buy on the chart I'd say, look at the trend of support as it rises.

CR

[dontyo] 06/4/2009 14:07

this is a dodgy sector, stocks don't deserve a rating of more than 2, be careful.

[cockneyrebel] 06/4/2009 09:54

Chart getting steeper and steeper - funds going to be buying this up soon imo - they know they are missing it now.

CR

[cockneyrebel] 04/4/2009 20:35

Can't be sure but that chart looks nailed on to £3 over the not to distant future. The funds that sold will want back in imo.

Basic and diluted earnings per share, before exceptional items, increased from
45.6p and 44.9p to 57.5p and 56.6p respectively, an improvement of 26%. Basic
and diluted earnings per share after exceptional items increased from 43.0p and
42.3p to 58.3p and 57.4p respectively, an improvement of 36%.

During 2008 the Group renegotiated its borrowing facilities with a syndicate of
relationship banks. Facilities of GBP150m are now in place, which are repayable
in 2013. At the end of 2008 net debt amounted to GBP56.2m leaving substantial
headroom and well within our banking covenants.

Despite the economic conditions our order book has remained strong at GBP1.1bn
(2007: GBP0.9bn), helped by major long term project wins particularly in the
Transport & Infrastructure division. The split of our work between the public
and private sector is now equal, illustrating the success of our diversification
strategy, and the strong growth we have achieved in working for Governments,
States and Authorities around the world.

In view of the financial results and in line with the Board's progressive
dividend policy, the Directors are proposing a final dividend of 10p (2007: 8p)
per ordinary share making a total for the year of 15p (2007: 12p) which
represents an increase of 25% over the previous year and is covered 3.9 times
(2007: 3.6 times).

What more could you want from a stock - director buying I guess?

March 30 22.5k director buy @ 227.7p
March 30 30.7k director buy @ 227.9p.

The less fearful the market gets the faster these will get bought up imo.

CR

[cockneyrebel] 04/4/2009 10:15

:-) yes, 251p sorry - just wishful thinking that it was my buy at that level :-)

Sorry.

CR

[marccus] 03/4/2009 18:47

That will be 251p i guess or did i miss a last minute dip?????

[cockneyrebel] 03/4/2009 18:37

Quite a few things moving up with WSH so reckon the next FTSE re-shuffle will be a bit optimistic for WSH to get in but the following moth looks likely imo.

You can see the chart going parabolic her now.

6% yield still. Look at this, it's the 5 year divi history:

5p, 5.1p, 5.6p, 7p, 12p, 15p. That is fantastic divi growth.

Compound earnings growth of 32% p.a. over the past 5 years.



A 17K buy @ 151p at the close - not surprised :-)

CR

[mitzis] 03/4/2009 16:37

By the Naked Trader @229p.

[realcooltrader] 03/4/2009 16:36

Where please?

Edit: Just seen on CR thread, thanks mitzis.

[mitzis] 03/4/2009 16:28

Tipped today.

[cockneyrebel] 03/4/2009 15:25

Goes all over the place during the day ay - these are the intra-day dips to buy imo - bet the putters are shootting each other to buy again soon.

CR

[cockneyrebel] 03/4/2009 13:21

Lovely rise and each leg up getting stronger as the down legs did.

CR

[cockneyrebel] 03/4/2009 10:07

Going a lot higher quite quick imo Chris.

One thing that nobody has spotted is that these are likely to re-enter the FTSE250 pretty soon at this rate.

With this yield and this PE it will be a FTSE 250 darling again - that will send it up faster and higher imo.

CR

[chrisjg] 02/4/2009 14:29

CR I am regretting it already - well done on your hold.

Just trying to decide when to get in, all the best Chrisjg