Wood Group (john) Share Discussion Threads

[silverfern] 02/5/2008 09:54

thanks for that. Having been inviovled in stock option programmes myself I am not surprised that they were excercised when they vested. I note they sold none of their current holding. From what you say, you should be in cash right now - if so, why not set up a business lending it to people coming off fixed rate mortgages? No-one else wants to do it, and you could clean up :)

[addouglas] 02/5/2008 00:15

My humble apologies, I was referring to the statements issued on 22nd April (see below). I think they all seemed to sell at £4.53 and the share price seemed to fall just after there. Almost reminds me back in October 2003 when I bought at £1.60 and I think Semple or Langlands sold at £1.67 for the share price to then fall to £1.20. Thankfully I held back then and bought a few more.

But hang on guys if you think this has more to go, I admit I could be wrong? I'm just stating the bleeding obvious. A company with a PE of 35 which is almost twice those of similar companies in its sector. I realise the oil price has been $120 but still, I can't see the company growing that fast. All companies in the sector are struggling to hire people with sufficient experience, knowhow, etc, and therefore this puts a limit on how fast a company can grow now in the sector. 2009 looks like a great year for the oil & gas industry in terms of projects kicking off as this year is comparitively subdued in E & P and general development expenditure.

As Warren Buffet says, "Be fearful when others are being greedy, and greedy when others are being fearful".

Yes, I made 2 predictions (is that a lot?). This share to fall to the 300p ish mark (bring it more in line with other in the sector wrt its PE ratio in 12 months time, factoring in growth), and the FTSE 100 to fall to around 4500 over the next 2 years. I know the BOE is trying to put on a brave face (spin) with respect to the current credit crunch, but as we have seen historically in the last equity bubble back in August 2000, this will have a couple of years yet to play out. "Cash is King" and you'll probably hear that a lot from various comentators over the next 6 months. (All in my humble, what do I know, opinion, but by all means, do your own research) PS. Good luck with your investments, I'm trying to help people make/keep a profit :) PPS If I'm wrong then I'll buy your house from you at its reduced value in 2 yrs time ;)

John Wood Group PLC ("Company") NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONSDISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONSIn accordance with DR 3.1.2R, the Company was informed that on 22 April 2008,
the following transactions were made by the persons under-noted, each a
Director of the Company:Allister G Langlands * exercised 45,008 share options, being 0.0085% of the issued share capital
of the Company, at 3* pence per share, such options having been granted on
2 July 2003 under the John Wood Group PLC (No 1) 2003 Long Term Retention
Plan;

* SOLD 45,008 shares subsequent to the above noted exercise of share options,
being 0.0085% of the issued share capital of the Company, at a sale price
of £4.533813 per share, such transaction taking place on the London Stock
Exchange;

* SOLD 97,598 shares, being 0.0184% of the issued share capital of the
Company released to him under the Long Term Incentive Scheme ("LTIS") on 7
April 2008, at a sale price of £4.533813 per share, such transaction taking
place on the London Stock Exchange.
Following these transactions, Mr Langlands has a beneficial interest in
1,982,539 ordinary shares representing 0.375% of the issued share capital of
the Company and holds 300,000 share options.
Alan G Semple * SOLD 92,701 shares being 0.0175% of the issued share capital of the Company
released to him under the Long Term Incentive Scheme ("LTIS") on 7 April
2008, at a sale price of £4.533813 per share, such transaction taking place
on the London Stock Exchange.
Following these transactions, Mr Semple has a beneficial interest in 1,114,743
ordinary shares representing 0.211% of the issued share capital of the Company
and holds 175,000 share options.
Leslie J Thomas * SOLD 97,598 shares being 0.0184% of the issued share capital of the Company
released to him under the Long Term Incentive Scheme ("LTIS") on 7 April
2008, at a sale price of £4.533813 per share, such transaction taking place
on the London Stock Exchange.
Following these transactions, Mr Thomas has a beneficial interest in 536,649
ordinary shares representing 0.101 % of the issued share capital of the Company
and holds 300,000 share options.
Mark H Papworth * SOLD 27,901 shares being 0.0052% of the issued share capital of the Company
released to him under the Long Term Incentive Scheme ("LTIS") on 7 April
2008, at a sale price of £4.533813 per share, such transaction taking place
on the London Stock Exchange.
* SOLD 4,140 shares being 0.0007% of the issued share capital of the Company
at a sale price of £4.5337 per share, such transaction taking place on the
London Stock Exchange.
Following these transactions, Mr Papworth has a beneficial interest in 467,829
ordinary shares representing 0.088% of the issued share capital of the Company
and holds 300,000 share options.
The Company's issued capital consists of 527,836,720 ordinary shares with
voting rights.
Name of authorised company official responsible for making this notification.
IAN JOHNSON, COMPANY SECRETARYEND

[badtime] 01/5/2008 21:59

hmm add..thts a lot of predictions...so excellant growth nxt year..but price to fall...and directors sold..wen they actually bought...yea..certainly dyor ..lol

I dnt hold

[silverfern] 01/5/2008 17:49

Directors bought after the results, not sold, as reported in the statements following resutls, As you say, Dyor.

[addouglas] 01/5/2008 12:58

I'm leaving this one. Good time to get out I think. Been a bit nuts this share price, considering we have a PE ratio of almost 35, while other comparable companies are around 18 at best. I'm looking for a floor of around 300p maybe lower. Although growth for this sector should be excellent next year I think the price is a couple of years ahead of itself - Note directors selling after the results (IMHO DYOR). Also awaiting the FTSE to fall over the next 2 yrs as the credit crunch plays itself out. 4,500 points here we come.

[slim9] 30/4/2008 09:16

Strange 420p the new floor.

[pedro2] 28/4/2008 14:35

So this is the effect of joining the ftse...........

[foreverbull] 25/4/2008 11:49

Aany chance of breaking/reaching £5!

[typo56] 25/4/2008 11:09

Downgraded by UBS today. Just a coincidence they managed to time it a day before the FTSE100 entry I guess!

[nitten bull] 25/4/2008 10:04

yes..should be good for the share price ...but why the fall in the last couple of days ?

[robow] 25/4/2008 09:44

joining the FTSE 100 next week

[slim9] 24/4/2008 12:18

Quite interesting - who is entering and who is leaving......?

Anyone .

[typo56] 24/4/2008 08:52

The break out may also be due in part to Wood Group entering the FTSE100 on Monday (28 Apr).

[bangers] 23/4/2008 17:04

Bought a few today on the break out. looks good.

[slim9] 23/4/2008 10:52

2005 post the note if you have it..............ta

[juju43] 23/4/2008 09:01

yea i like it.i think something big will break here before long

[jdb2005] 23/4/2008 08:54

Guys we are on the move - seen note indicating WG. could be in play as it continues to gain further work through its oil exploration services / consultancies arms. With oil prices up I expect it to become more profitable and attractive to one of the majors. DYOR

[tripehound1] 23/4/2008 08:49

Nice start, been a good couple of weeks

[slim9] 23/4/2008 08:42

monster is awakening .........me & thee JU.

[juju43] 17/4/2008 08:55

added this morning. a break of 440 is buy signal.

[juju43] 17/4/2008 08:40

blue sky on low rsi. here we go

[slim9] 17/4/2008 08:19

New Ground - hope it holds..............

£5 short term target.

[slim9] 16/4/2008 08:25

440 too break..............