Wood Group (john) Share Discussion Threads

[juju43] 30/6/2008 13:21

lovely - maybe catch up time

[juju43] 26/6/2008 11:14

not very impressive

[slim9] 25/6/2008 09:57

SVS Securities.............

Buy John Wood Group

A company that offers highly geared exposure to the oil price bull market.


Buy John Wood Group (WG..): 449p

Target: 525p

Index: FTSE 100

Sector: Oil equipment, services, distribution

Market Capitalisation: £2.3bn

Dividend Yield: 0.8%

Price / Earnings Ratio: 26

Recent Significant Fundamentals:

May 22nd: Energy services company Wood Group said it has made a very good start to the year and expects full year results to be ahead of expectations. The strongest performance came from engineering & production facilities, which has benefited from high demand for its services across all areas

The company said well support is seeing a good overall performance in an improving North American market, and the programmes to increase manufacturing capacity in lower cost environments are progressing well

April 28th: Debut of Wood Group in FTSE 100

April 23rd: Scottish & Newcastle will be deleted from FTSE-100, to be replaced by John Wood Group after the Court of Session in Edinburgh sanctioned the scheme of arrangement for Scottish & Newcastle's takeover by Sunrise Acquisitions Ltd.

March 4th: Wood Group reported a 42% increase in full year pre-tax profit off the back of soaring energy prices. Profit before tax for the year to 31 December 2007 jumped to $259.9m from $183.6m in 2006 on revenue up 28% to $4.43bn. The company's record earnings had basic earnings per share up 35% to 33 cents and adjusted diluted EPS up 51% to 36.9 cents.

Fundamental Commentary:

It has been said with relation to the gold rushes of the 19th century that just as much of the big money was made by those who made the pick axes and the shovels than found gold, and it may be a similar situation now with the oil sector and the companies which service it.

Wood Group shares have already had a great run as the shares entered the FTSE 100 last month, but after record profits reported in March the stage is set for further gains and the stock can be bought on any weakness.

Technicals:

The shares have achieved a breakout through a post November inverted head & shoulders formation based at 420p. While above the March support line / 20 day moving average at 443p the target is a March resistance line projection to 525p.

[slim9] 25/6/2008 09:57

SVS Securities.............

Buy John Wood Group

A company that offers highly geared exposure to the oil price bull market.


Buy John Wood Group (WG..): 449p

Target: 525p

Index: FTSE 100

Sector: Oil equipment, services, distribution

Market Capitalisation: £2.3bn

Dividend Yield: 0.8%

Price / Earnings Ratio: 26

Recent Significant Fundamentals:

May 22nd: Energy services company Wood Group said it has made a very good start to the year and expects full year results to be ahead of expectations. The strongest performance came from engineering & production facilities, which has benefited from high demand for its services across all areas

The company said well support is seeing a good overall performance in an improving North American market, and the programmes to increase manufacturing capacity in lower cost environments are progressing well

April 28th: Debut of Wood Group in FTSE 100

April 23rd: Scottish & Newcastle will be deleted from FTSE-100, to be replaced by John Wood Group after the Court of Session in Edinburgh sanctioned the scheme of arrangement for Scottish & Newcastle's takeover by Sunrise Acquisitions Ltd.

March 4th: Wood Group reported a 42% increase in full year pre-tax profit off the back of soaring energy prices. Profit before tax for the year to 31 December 2007 jumped to $259.9m from $183.6m in 2006 on revenue up 28% to $4.43bn. The company's record earnings had basic earnings per share up 35% to 33 cents and adjusted diluted EPS up 51% to 36.9 cents.

Fundamental Commentary:

It has been said with relation to the gold rushes of the 19th century that just as much of the big money was made by those who made the pick axes and the shovels than found gold, and it may be a similar situation now with the oil sector and the companies which service it.

Wood Group shares have already had a great run as the shares entered the FTSE 100 last month, but after record profits reported in March the stage is set for further gains and the stock can be bought on any weakness.

Technicals:

The shares have achieved a breakout through a post November inverted head & shoulders formation based at 420p. While above the March support line / 20 day moving average at 443p the target is a March resistance line projection to 525p.

[nobbyk1] 24/6/2008 22:57

dancing piranha wood loooking good and afren going one way only ready for braekoutsnooze you looze

[juju43] 23/6/2008 08:36

pfc showing the way again.must be more to come here soon

[juju43] 20/6/2008 10:16

should follow pfc up the hill

[silverfern] 10/6/2008 18:49

ah interesting. Used to subscribe to Momentum Inv. which recommended PFC, but dropped my sub after they went into denial about the falling market

[dasv] 10/6/2008 10:04

silverfern - note that PFC, WG. and XTA were all Fat Prophet tips - do you subscribe to their research?

[silverfern] 09/6/2008 16:34

2nd biggest move on the 100 today , after Xstrata

[nobbyk1] 09/6/2008 16:33

chart is looking v good

[juju43] 09/6/2008 08:24

new blue arriving

[nobbyk1] 07/6/2008 15:39

if you you aint cofident get shut and buy some afr happy days .

[dancing piranha] 06/6/2008 19:56

Wish I was as confident as you!

[nobbyk1] 06/6/2008 18:50

onwards and upwards here on a down day nice

[harryg] 01/6/2008 09:23

Silverfern
Many thanks - your explanation helps a lot.

[silverfern] 31/5/2008 19:09

harry - there's two principal things a service company needs to succeed: to be able to deliver and to be in demand. John Wood (and Petrofac for example) are in such a position. Demand is high because the oil price makes production viable in fields that would not be viable if the price was - say - $40 barrel. As companies are committing now to spending their money on less viable fields so demand will stay at least for the next 18 months IMHO. To deliver financial success requires financial acuman, and JOhn Wood have that too.

[harryg] 31/5/2008 13:16

Thanks DP but why would anyone wish to short a company that appears to be doing so well? Level 2 did show some late buying support just before the close.
I am a new investor in this stock and wonder how closely its performance is related to the price of oil because I have heard experts on CNBC say that the Oil service sector is better than oil producers. In other words will WG only do well as long as the oil price stays high, or can they achieve significant growth even if oil comes back to nearer 100 dollars in the short term? Can anyone tell me which other Oil Service shares are worth redsearching.

[dancing piranha] 30/5/2008 18:53

Don't reckon so, just heavy shorting after the trading update! Just ride it out...... all will be fine as results approach!

[harryg] 30/5/2008 12:56

Is there any particular reason for the large fall today-apart from oil prices coming back slightly?

[bangers] 28/5/2008 15:53

starting to look good again

[silverfern] 27/5/2008 14:15

contract announced: ADVFN competitor.com/action/news/showArticle?id=2986498

[silverfern] 23/5/2008 08:49

The word 'somewhat' is very encouraging. Take it away and 'ahead of expectations' would normally do. Pedantic? Mebbee, but words like 'strong demand' 'high demand' will results in high margins for the industry for quality comapnies such as this one.

[bangers] 22/5/2008 16:41

nice statement. expect some manipulation why funds position themselves especially now its ft100
imo