Wood Group (john) Share Discussion Threads

[slim9] 20/8/2008 09:19

cheers enami

[enami] 20/8/2008 09:10

Downtrend seems to be broken here.
Broker rec from Evolution Securities yesterday, Add target 550.00p.
Evolution reiterated buy or add for many shares in this sector

[silverfern] 06/8/2008 14:25

Back in- give the trading statement and that it's fallen 20% from the top.

[cr4zyness] 30/7/2008 10:48

Wood Group and CCC form a new Operations and Maintenance joint venture in the Middle East
Wednesday, Jul 30, 2008
International energy services company, John Wood Group PLC ("Wood Group"), and international engineering & construction company Consolidated Contractors Company ("CCC"), today announced the formation of Wood Group-CCC, a joint venture to provide operations & maintenance services for the oil & gas and petrochemical industries in Qatar, Kuwait, Saudi Arabia, Oman, UAE, Bahrain and Yemen.

Les Thomas, Board Director for Wood Group Production Facilities said, "The Wood Group–CCC joint venture combines Wood Group's market leading engineering, operations and maintenance expertise with CCC's market leading engineering & construction capabilities and substantial regional resource base in the Middle East to bring a new highly complementary service to companies operating in the Middle East region."

Over the next ten years it is estimated that there will be $600bn of investment in oil & gas and petrochemical plants in the region with a need for ongoing operations and maintenance support. Wood Group–CCC is a powerful combination that has the people, equipment, skills and experience to provide that support.

Samer Khoury, Executive Vice President Operations, CCC said, "We are delighted to have formed this joint venture, combining the great complementary strengths of Wood Group and CCC. Both companies put health, safety, environment, people, competence and training at the top of their agendas and the joint venture represents a major step towards providing a broader capability to our Middle East clients."

Note to editors
Wood Group is an international energy services company with $5bn sales, employing more than 26,000 people worldwide and operating in 46 countries. The Group has three businesses-Engineering & Production Facilities, Well Support, and Gas Turbine Services-providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide.
Consolidated Contractors Company (CCC) is the largest engineering & construction company in the Middle East region employing 180,000 people in 40 countries. CCC provides project management, engineering, procurement & construction services to clients in the oil & gas and petrochemical industries. CCC is a pioneer in executing plant construction on a partnership basis with international engineering companies, including EPC contracts for upstream oil & gas, water and oil & gas pipelines; EPC contracts for high quality buildings, industrial buildings, infrastructures and networks; complete construction of petrochemical plants and refineries, oil loading and offloading terminals and storage facilities, heavy & light industrial plants; plus the heavy civil construction of power and desalination plants, water treatment plants and distribution systems, sewage treatment plants, dams and reservoirs, harbours & docks, airports, bridges and highway interchanges, roads and highways. The company conforms to the highest safety and quality requirements and is certified by BVQI to ISO 9001, ISO 14001 & OHSAS 18001.
www.ccc.gr



Source: Wood Group

[silverfern] 28/7/2008 17:56

pleased I got out at very near the top of the last spike- I had too much exposure to a falling oil price (yes, I know, it isn't directly related but the market makes odd connections right now). NOt sure when to get back in, but want to as I do think this is a great company. Results end of holiday season so volume and market make holdings likely to be low til then so this could retrace quietly to 480p in the next month.

[juju43] 18/7/2008 10:20

my target is approaching

[addouglas] 18/7/2008 10:14

See posts 23 & 26. I'm waiting for a more realistic price with a PE ratio that reflects other similar companies in the sector. 300 - 320p imho.

Notice the FTSE100 is now down 1000 points since post 23. Funny that. LOL

[dancing piranha] 15/7/2008 21:21

390 myself!

[juju43] 15/7/2008 13:28

i will be a buyer around 370

[mrminister] 10/7/2008 09:51

christ last time i came on here this was looking at £5... shows how things are going

[nobbyk1] 03/7/2008 18:12

even if not for long oops

[nobbyk1] 03/7/2008 09:41

nice to see a bit of blue when most oils are getting a kickin

[silverfern] 02/7/2008 09:15

RNS is on the quote page at advfn - other share price services do a better job at flagging these announcement. As with PFC, there is no new news, but the emphasis remains very upbeat. And that in itself is excellent news!

[juju43] 02/7/2008 08:51

o.k. got it .i think they sound even more positive than the may statement - for this year

[juju43] 02/7/2008 08:41

cant find the statement. is there an rns?

[silverfern] 02/7/2008 08:04

Trading statement is out, just reaffrims what we know

[enami] 01/7/2008 13:29

An Interim management Statement was issued on 19 May

2 July is Half Year Trading Update according to WG. website

[juju43] 01/7/2008 13:22

wood had a trading update just over 1 month ago

[gswredland] 01/7/2008 09:16

thanks guys

[enami] 01/7/2008 09:02

My mistake, the trading update is due tomorrow 2 July

[gswredland] 01/7/2008 08:56

is that part of the trading statement silver please?

[juju43] 01/7/2008 08:45

wood is good. very predictable for trading

[silverfern] 01/7/2008 08:15

clearly advfn doesn't bother covering announcements by ftse 100 companies any more

"LONDON (Thomson Financial) - John Wood Group Plc, the oil services provider, said it has secured a $3 million contract with Italian energy group Edison SpA.

Under the deal, it will provide repair work on Edison's gas turbines in Italy, the company said."

[juju43] 30/6/2008 19:42

do you mean tomorrow?

[enami] 30/6/2008 13:21

Looks good today, upside breakout from the pattern which started at FTSE100 entry. Target 525. Trading update Tuesday.