WSP Group Share Discussion Threads

[fast investor] 14/4/2009 08:51

Going rather well this morning.

[rogerbridge] 14/4/2009 08:47

WSH WOOOOOOOOOSSSSHHHHH.

[gswredland] 14/4/2009 08:46

wow.look at that!

[cockneyrebel] 14/4/2009 08:44

Gaining momentum today - I'm expecting these to start rising faster myself, here out - look at the chart steepening.

CR

[fast investor] 14/4/2009 01:54

Fingers crossed we should have a good week.

Come on you YANKS.

[rogerbridge] 09/4/2009 18:25

Looks poised to move higher.

[cockneyrebel] 09/4/2009 14:54

Math's not Evolution's strong point :-)

A new recent closing high today?

usually gets active as it starts going through the previous high.

CR

[gswredland] 09/4/2009 11:01

er but 40 percent highr isn't 700? what's wrong with them!

[fast investor] 09/4/2009 10:47

Interesting points made by Brokers.....

Brewin Dolphin thinks risk to current year estimates is on the upside, despite the fact the market is pricing in significant earnings risk in 2009 and beyond. It estimates that around just 10 percent of WSP's global revenue is derived from markets that are exposed to likely weakening demand. Evolution Securities said it thinks WSP's rating compared to the peer group is "anomalous and large". It said that were WSP to be rated at the same multiple as WS Atkins, the share price would be 40 percent higher at over 700 pence per share.

[fast investor] 09/4/2009 10:39

Gagging to get back in yes, and we had a new broker BUY note out yesterday from Panmure one of the better houses,

Was lateish on aswel, so a lot not taken action yet...

WSP Group PLC

FORECASTS

2009 2010

Panmure Gordon
08-04-09 BUY 40.08 43.87 15.00 39.14 42.83 15.00

W H Ireland Ltd
02-04-09 BUY 37.80 41.60 15.00 39.80 43.70 15.00

[cockneyrebel] 09/4/2009 10:16

Yes- I'm expecting the upside to be great too - the chart is lovely and when we go trough 260p £3 won't be far away, upward trend us getting steeper.

There's a lot of lovers of this stock that sold out and will be gagging to get back in.

CR

[owenski] 09/4/2009 09:53

Now that would be nice FI

[fast investor] 09/4/2009 09:47

Zak Mir Pro TAers take on WSP this morning.......

Zak Mir

Reged: 28/06/07
Posts: 741
Re: WSH -- WSP group,tremendous potential for upside
#443067 - 09/04/09 08:48 AM Edit Reply Quote



Technically, the U shaped recovery on the daily chart since the autumn suggests that while above say, the 20 day moving average at 222p the upside here could be as great as September resistance above 500p.

[gswredland] 08/4/2009 16:17

CR
200 would be wishful thinking unless some bad news comes out. Roll on 300
You might like to look at NBPO.

[fast investor] 08/4/2009 14:46

And the Brokers just love it...

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 10

6 strong Buys, that takes some beating.

[cockneyrebel] 08/4/2009 14:16

if the US is up tonight WSH will make new highs tomorrow imo - punters will be hungry for a chart going north this steeply on a stock so cheap imo

CR

[devonlad] 08/4/2009 12:53

A price reaction like that does indidcate that there is a big buyer out there!

[cockneyrebel] 08/4/2009 11:42

Well looking at WSH today I'd say I'm more confident we'll see £3 before we see £2 :-)

CR

[gswredland] 08/4/2009 11:05

yep if we go to 200 will buy more.

[fast investor] 08/4/2009 11:01

Its a Buy alone just on the NAV and forecast NAV never mind the cheap rating of just over P/E 5.................


Concensus Broker Figures.....

INVESTMENT RATIO

2008 (A) 2009 (E) 2010 (E)

EBITDA £m £55.47m £54.87m

EBIT £m £44.64m £46.59m

Dividend Yield 5.58% 6.44% 6.44%

Dividend Cover 3.80x 2.99x 2.93x

PER 4.71x 5.20x 5.30x

PEG 0.22f -0.56f -2.79f

Net Asset Value PS p 318.10p 344.01p

Attractive aswell if you like a divi play.

[gswredland] 08/4/2009 09:35

Well i think we all agree that in 2 yrs time this will have doubled!

[fast investor] 08/4/2009 09:26

Added on the weakness first thing.

Fortune favours the brave and Ive had fantastic short term returns from PIC and JD. when others were afraid to go in and buy at lows so I guess Im bragging a little here but WSH is too tempting to let get away at this price.

[devonlad] 08/4/2009 09:11

Chris and CR both have valid points here so it is a conundrum. There is definitely a big buyer out there which should theoretically move the support level up if they keep buying or are actively buying. However, Chirs has a great trading strategy and one that works very well for a lot of charts so it is six of one and half a dozen of the other. Finding a great company that is lowly rated is hard but timing your entry point is even harder, I never get it right and don't have the time to spend so I hold for the medium term.

Great thread though guys and the company deserves it!

[cockneyrebel] 08/4/2009 07:07

Wishful thinking I think.

There is definitely 2 large buyers up to 250p to my knowledge and my broker was approahed for share in volume too last week.

Miss any dip and you won't get another chance imo.

CR