Wood Group (john) Share Discussion Threads

[silverfern] 15/11/2008 00:52

I am out of this, but recognise they have great management and discplined credo, rather than gung-ho approach to business. Each week the oil price tanks. Have you ever played fantasy footlball - you want your own team to win, but yu want your fantasy team to score points. I DON'T want the oil price to rise, because I have to buy diesil, but if I was invested, I guess I would. Right now the market say oil price = WG. value. PFC also affected. ONce the oil price stablises, this will be a very good buy (IMHO)

[aspers] 12/11/2008 08:19

Sold my VOD at a nice profit yesterday to get in here, I reckon as the oil price starts to pick up again this is a good safe bet for some steady growth....fingers crossed.

[silverfern] 12/11/2008 08:02

Here's the CEO's conclusion from their institutional presentation yesterday:
Businesses continuing to perform well•
2008 results will be in line with expectations•
Some uncertainty in market outlook but good order book going into 2009•
Strong long term fundamentals in oil & gas and power generation markets
•Consistent strategy focused on long term growth
•Strong balance sheet and free cash flow
•Experienced management team with a track record of delivery

[silverfern] 10/11/2008 19:02

recommeended buy in the Sunday Telegraph - can't find the link

[rovi57] 10/11/2008 12:15

sorry chaps! I thought it would take four or more double bounces to break out and I was just noting the days on the board, as it seemed to me as a nearly dead board in respect of posters, it would not be noted. sorry for any inconvenience to all, rovi

a double bounce is a 8%/10% followed by a 4%/5% and when I think a share should be on the up I look for a number of bounces depending on a)risk and b) the wife's purse.

[harryg] 07/11/2008 16:52

rov157
What are those two posts all about?

[dasv] 07/11/2008 16:41

are you counting elliot waves or trades rovi57?

[dasv] 28/10/2008 15:30

worth noting thats deutsche banks analysis rather than the times though. These analysts weren't that great at predicting the crash so why should we believe them now...

[harryg] 28/10/2008 15:19

Many thanks Dasv
I'm glad to see that the Directors don't agree with the Times and have put their faith in future prospects for the company. My money is on the Directors being better informed than the Times reporter.

[dasv] 28/10/2008 14:35

harryg - here it is



I also hold PFC. Not selling either. I think the director buys are significant.

[harryg] 28/10/2008 14:11

Dasv
Can you post a link to the Times article?
Harry

[dasv] 28/10/2008 12:07

Hmmm I hold these. I read a Times piece which claimed that WG.'s exposure to tar sands projects (which need $80 a barrel for viability) makes them a sell. I will continue to hold however, I'm just not kidding myself the bounce back to the price I bought at will be swift.

[pyman] 28/10/2008 11:46

as should HTG be over £5. both looking really cheap.

[bonzo1] 28/10/2008 08:34

heavy director buying, surely these should be well over 200p.

[wendsworth] 27/10/2008 09:55

mrminster: I picked up the info on 22/10 ref downgrade on Yahoo Finance. I think it was UBS but not absolutely sure...in any event they set a target price of 215.

I've held back . Today maybe a chance to get back in?

[mrminister] 24/10/2008 10:08

well not what i had in mind today......asia did not run with the baton from the u.s overnight and crashed hard....so low 190's is back to last fridays low again.....lets see if we can rebuild from here.....

[mrminister] 23/10/2008 16:23

back in after 4pm......a nice rise in the am.....dow well up and should rub of everywhere tomorrow....

[mrminister] 23/10/2008 10:08

i came out tues @ 247.....a great trade looking back....i think this will bump around between 200 / 250 and its not comfortable below 200....can see another rise friday or monday after opec meeting for sure....

i have shorted a couple of strugglers in the u.s later [ xerox & case new holland ] if they come good i will be in for more in the pm......

[dasv] 22/10/2008 16:31

Sir Ian Wood bought 1.5million shares at £2.02. There are other less significant director buys.

[dasv] 22/10/2008 16:21

wendsworth - do you have a link to the broker note?

[wendsworth] 22/10/2008 16:12

mrminster; Are you out? Today's general market decline plus a broker downgrade has had an adverse affect.