WSP Group Share Discussion Threads

[cerrito] 26/11/2009 22:08

somewhat surprised that their shares did not fall more before 4pm given their long issues with Dubai and indeed in the recent IMS referred to limited progress in Dubai.

[cerrito] 20/11/2009 10:01

From the Times of Nov 19
Rumour of the day

WSP Group rose 1¼p to 318¼p after Royal Bank of Scotland said that growing confidence in a global economic recovery may herald a new M&A cycle. With sterling apparently undervalued, foreign suitors may take advantage of inexpensive British engineering consultant valuations, particularly UK-listed groups with significant international exposure.

[cerrito] 18/11/2009 09:48

From the Stockmarket report

Brewin Dolphin remained cautious on consultancy firm WSP Group (WSH), noting that recent statements from the company highlighted the "challenging" market conditions. Public sector demand remains resilient but global private sector demand, outside of Australia, continues to be weak. The broker was disappointed by the limited progress made in collecting outstanding debts in the Middle East, with debt currently at 23 million pounds. 8 million pounds of provision has been made but it expects further provisions to be necessary since 75% of the debt dates back to 2008. In addition, the existing demand in the UK and Europe is expected to reduce in 2010 as government budgets are cut back. As an example, it quoted Sweden where local authority budgets, which provide 20% of Sweden revenue, are "under pressure". Conversely, the firm has limited exposure to China and India, where demand is expected to be strongest. Brewin retained its 'hold' stance and target price of 315p. The shares lost 5.75p to 320.25p.

[chrisjg] 17/11/2009 15:30

Just bringing my thread back on my radar - still holding hope some were perhaps lucky enough to top up below 300p (if that indeed appears as the low)

all the best and happy trading chrisjg

[chrisjg] 13/10/2009 16:07

Well I maid the swap from SWG to WSH but unfortunately sold my SWG at just over 120p so missed out on a good 8%, never mind :-(

Now will be interesting to see if the charts can reverse - so a pull back on SWG to around the 120 mark and WSH to rally to form another high .. 390p would would be good.

all the best and happy trading chrisjg

[chrisjg] 08/10/2009 18:51

Well I am going to hope for an exit on SWG tomorrow above 120p will look to buy back in to WSH. I think 325 is still a good target but seems like it might be heading down a little lower - 300p now seems like first support as 330 looks like it may be failing. The final line is down at 285 imo.

My view is buy at 315p if it gets there this is close enough to the lower BB and the indicators are beginning to look over sold.

That said I need to sell my SWG holding first

all the best and happy trading Chrisjg

[gunther1] 08/10/2009 15:20

I'd buy back into WSH if if comes down to 300. Sold mine at 365.

[chrisjg] 07/10/2009 10:19

WSH showing signs of forming a bottom at roughly 330p, SWG rising nicely and starting to look top heavy - looking like there may be a time to switch...

[jimboy99] 23/9/2009 16:25

totally agree Chris- RSI had to come off soon then its another stab at £4 , hoping it does not dip below 3.35 offered.. Looks like sideways action for a while

[chrisjg] 23/9/2009 12:58

Sold all my WSH today and bought SWG. On a pure chart basis WSH ought to have a little technical correction to test the lower trend channel - may just drift sideways (as it did through Aug) at this level or drop back to around 325 in MHO. I will be out until I see the chart looks more oversold.

More often than not though my selling is a clear indicator for the next leg up so all the best for now chrisjg

[jimboy11] 21/9/2009 20:07

we are due a down day but this is heading to £4 , just a matter of time.

[gunther1] 21/9/2009 15:49

Sold today at 365p for a chunky profit.

Will buy back if it comes down.

[ballyboy102] 19/9/2009 11:01

I'm 50% up and still rated as a strong buy. Is it time to sell - educate the amateur please

[jimboy99] 17/9/2009 09:41

great value to be taken from this discussion board, I like it.

where are all the sellers?

[jimboy99] 16/9/2009 14:30

ping! shhhhhh

[gunther1] 15/9/2009 10:41

WSHhhhhhhhhhhh

[jimboy99] 15/9/2009 10:39

Shhhhhhhhhh

[gunther1] 15/9/2009 10:21

... and a clear break above the 300 level. Nice! Noone else holding any WSP, it's so quiet here!?

[spooky] 09/9/2009 15:09

I guess some of the racier threads on here would call this a break out :-o)

[jimboy99] 09/9/2009 14:22

NO CHAT ON THIS ONE , I LIKE THAT , CREEPING UP NICE & SLOW

[jimboy99] 09/9/2009 14:22

NO CHAT ON THIS ONE , I LIKE THAT , CREEPING UP NICE & SLOW

[chrisjg] 25/8/2009 17:49

WHY taken a bad hit today very disappointing. Does not look good for the private investor. Hoping for better days from WSH.

all the best Chrisjg