WSP Group Share Discussion Threads

[v11slr] 11/8/2009 07:37

HYC have announced their wins via RNS. Nothing yet from WSP.

[gunther1] 04/8/2009 14:56

:-)

What a stunner!

[ferrettoast] 30/7/2009 19:52

Shares go up 7.6% in a day and wsp shareholders do not post on this BB-
what a phlegmatic set you are. I am now showing a 30% profit on wsp and
look to them as a medium term recovery stock. I look to the shares reaching
£4.00 in the next twelve months.This is a well managed co with a broad geographic spread and should do well.
Not one for short term speculators as the quote often has quite a wide spread
but a sound long term investment at this price

[chrisjg] 27/7/2009 16:13

Dont see much in those interims to put a damper on the share price - tuck away for the future and enjoy the dividend

all the best chrisjg

[foreverhoping] 16/7/2009 15:23

Up we go again

[etome] 01/7/2009 09:13

Business Financial Newswire

Slowdown hits WSP Group
01/07/09

WSP Group continues to trade in line with expectations in some very challenging markets.

The group said for the six months ended 30th June 2009 public sector activities remain stable with businesses in the UK, Northern Europe and the US all trading well.

The private sector continues to be difficult across all territories with a marked slowdown since this time last year in businesses in the UK and US and, in particular, in the Middle East.

The ongoing lack of liquidity in Dubai is affecting both the resolution of existing contracts, which remains extremely slow, and conversion of the pipeline of future projects.

The Environment and Energy business has found the UK challenging although its global reach is providing some support to its performance with solid trading in the US and Scandinavia.

WSP said, 'Across all our markets we continue to watch our cost base and, as previously reported, we expect to recognise reorganisation costs of around £4 million in the first half of the year, principally in the UK and the Middle East. Although we are hopeful that further action will only need to be limited, we remain watchful.'

The Group remains well financed with a £150m committed credit line to 2013. Net bank debt, whilst higher than at last year end, is at expected levels and we are comfortably within banking covenants. The liquidity issues that are materially impacting receipts from Middle East clients are also being felt more widely across private sector markets and this has resulted in slower receipts generally. Working capital management continues to be a high priority.

WSP remains confident that the group is well placed to trade through the current economic environment and to take advantage when markets improve.

Results for the six months ended 30th June 2009 which will be announced on 27th July 2009.

[bigbigdave] 22/6/2009 20:36

Think MCHL statement having a knock on effect here. No position atm.

[chrisjg] 22/6/2009 20:10

foreverhoping - still holding will just ride the storm although looks like a good trading opportunity misssed

all the best and happy trading chrisjg

[foreverhoping] 22/6/2009 14:15

anyone sell out higher up or still holding? im holding for bigger gains, although a quick 10% would have been nice!

[fast investor] 11/6/2009 03:21

Indeed indeed pauly.

[paulypilot] 11/6/2009 02:30

Jolly good, valuation always comes through sooner or later !

Onwards & upwards.

Rgds,
PP./

[foreverhoping] 10/6/2009 10:22

always the way! reckon could see 2.5 today

[gyau] 10/6/2009 10:13

knew i should have bought more!!

[gswredland] 09/6/2009 19:14

Maybe CR . SWG doing well too.

[cockneyrebel] 09/6/2009 16:41

Been pretty firm in recent days, taking it's cue from HYC perhaps.

CR

[foreverhoping] 09/6/2009 16:14

encouraging moves. steady progress like this each day is fine with me

[gyau] 09/6/2009 08:22

Yes the sector seems quite happy at the moment

[foreverhoping] 03/6/2009 19:46

holding up nicely

[cockneyrebel] 02/6/2009 21:16

yes, the whole sector seems to have waken today, these IRV and HYC anyway. HYC up 15%, results next week.

I'm happy, I'm holding all three :-)

CR