Wood Group (john) Share Discussion Threads

[dave894] 18/5/2023 11:12

Another director buy 59,300 shares

[dexdringle] 18/5/2023 11:06

It would be interesting to know if anyone opened shorts at £2.20.

Good strategy. Make a ridiculously high potential bid, watch the shares soar, open a short, withdraw the bid.

Just sayin'.....

[dealy] 18/5/2023 10:14

it's strange alright, but the message is the same. how the shares can go from 240 offer level to 135p is beyond me

[pugugly] 18/5/2023 08:21

Why is the purchase price quoted in US Dollars when place of purchase LSE?
d) Aggregated information

- Aggregated 300,000
volume
$1.71
- Price

e) Date of the transaction 2023-05-17

f) Place of the LONDON STOCK EXCHANGE
transaction

[mbdx7em21] 18/5/2023 08:07

CEO picked up 300k shares yesterday?

[chutes01] 17/5/2023 22:19

correct, the pieman should take his salary as shares at 240p conversion.
Omnishambles of a manager after this debale, I expected him to walk this week.

[dexdringle] 17/5/2023 19:21

He's just recycling the huge amount of money he receives in salary from the shareholders.

I'd happily today have sold my 7,500 shares to him for the £2.40 a share that two weeks ago he thought was derisory.

He should now be paid in shares at a conversion rate of £2.40 each until the shares reach £2.40 in the market.....

[willie99] 17/5/2023 18:53

Our CEO has just bought 300,000 shares with his own money. Is that not a sign of his confidence?

[chutes01] 17/5/2023 14:34

Have they stumbled upon another horror story about to unfold here, directors milking this dry now
Q is, when will they tell shareholders ?
Carillion#2

[pogue] 17/5/2023 14:25

Indeed it was a proposal.
On 4 April 2023, Apollo Management Holdings, L.P. ("Apollo"), on behalf of certain investment funds managed by it, announced that it had submitted to the Board of Wood a fifth proposal to acquire the entire issued and to be issued ordinary share capital of Wood at a final price of 240p per share in cash (the "Final Proposal").

[edmondj] 17/5/2023 14:03

There was not even a bid.

[pogue] 17/5/2023 13:56

Apollo did not 'publicly, sic, pursue the company' the bid was forced out into the open by leaks.

[dealy] 17/5/2023 13:12

I find it incredible that Apollo can simply walk away without giving an explanation after so publicly pursuing the company

[reddirish] 17/5/2023 11:15

I'm back in. I'd been concerned about the delays to the bid process and sold out at around 225, so am very happy to be back for the long haul. This will go nowhere (save probably downwards, now I've invested again!) until 2024 earliest, but it is a decent recovery prospect for my SIPP.

[2cmb] 17/5/2023 11:07

TH !! Apollo have walked away !
Some II's are pulling out so form 8.3/8.5 ofcouse will be issued.
Are you new to investing ??

[tuna hunter] 16/5/2023 22:23

could be a good entry point

[iconista] 16/5/2023 18:56

As always, when Chutes screams sell, I buy. Never let me down yet.

[chutes01] 16/5/2023 18:02

The market has spoken, its been spooked.
Either fat boy slim puts his hand in his greasy pocket for another 100k, or expect to see his resignation before the week is out.

[dexdringle] 16/5/2023 16:55

If they were going to have to leave (in disgrace) if the takeover bid fell through then why were they so resistant to it ?

[chutes01] 16/5/2023 16:44

The purchase of AFW was the end of shareholder returns here, death by 1000 cuts now
Watch the leaders leave one by one now as they seek to protect any reputation they ever once had.
An incredulous level of corporate mis-management and greed has led to this utter shambles.

[pugugly] 16/5/2023 14:55

Jag123:- Book value very often a "Sucker Trap" Sometimes what some idiot CEO paid for a takeover and not yet marked down. Recent example SIB where US Gov bonds devalued on a mark to market basis when FED increased base rate multiple times.

[2cmb] 16/5/2023 14:34

I think some FUD is also posted on this thread.
Everyone to their own !
ATB.

[chutes01] 16/5/2023 13:41

What would another upcoming US legacy claim do to the business at this time ?
$100m/$150m ??

Let's see if Big Ken sticks in another £100k of his own dosh (ahead of hearing about an offer coming in, natch)

[jsg123] 16/5/2023 13:37

Stockepedia has book value of 539 so would seem grossly undervalued on book assets.