Wood Group (john) Share Discussion Threads

[slim9] 12/3/2009 17:28

Amec ticked all the boxes - still expect a marriage.

[wendsworth] 08/3/2009 17:22

WG has been EXCEPTIONALLY strong since results bearing in mind recent FTSE falls .

I can see 250p before ex-dividend date particularly if AMEC 's results are good this week .

[joshuarse] 05/3/2009 19:03

I agree, there has to be a slight return to stability soon. Even some financials are looking too cheap, Legal and general for example, I know I am putting my neck on the line saying this but we have been in recession here and across the pond for almost a year or more in the case of the US. It cant carry on recessions only last so long and with the equity market being 6-12 months ahead of the real economy it will be here where the recovery begins. What is vitally needed is a spark that will give the market an insight weather this be a reduction in the speed of economic contraction one can only speculate. As we al know it will take 12-24 months for us to see the effects of the stimulus 'packages'. Wood group is a good stock and remains a good bet if you bought around 190 or below. The old green shoots will come sooner or later.


Kind regards

Josh

[joshuarse] 05/3/2009 07:56

220 before the of the week I would think, depending on the broader market there needs to be an oversold rally soon that lasts more than a day. There is too much cheap stock around to stay forever.

Regards

Josh

[wendsworth] 04/3/2009 17:15

Closed at 207.75 to 208! Demonstrates the importance of investing in undervalued QUALITY companies ...irrespective of general market sentiment.

Any other holders views?

[wendsworth] 04/3/2009 14:53

Currently 195p. Starting to motor?

Is the market waking up to the fact that WG is a way undervalued stock?

[wendsworth] 04/3/2009 10:46

slim9: DEFINITELY ..'one to tuck away'.

[slim9] 04/3/2009 09:36

Although 2009 is likely to be tough, oil services group Wood's earnings look to be pretty resilient because of its exposure to operating expenditure. The hike in the 2008 dividend is a sign of management confidence and the move means the shares are now yielding 3.6%. This is not spectacular but it looks safe as it is more than four times covered by earnings. Look through the next year or so and buy says the Telegraph.

From digital look

[wendsworth] 03/3/2009 14:04

Togglebrush and MickinVest: Added to my holding just affer 11 am today at 179p. Never thought I'd be buying at that level on results day. Reckon there'll be some positive broker comment..particularly if OPEC support the oil price .. and there's always the divi!

[mickinvest] 03/3/2009 10:17

Just reading through results and added WG. to the watchlist for a decent investment once or if the banks stabilise!

I note the average exchange from EBITA is $1.85 so I understand snot all revenue is in dollars but surely a decent lift in sterling profits on the majority of revenue?



Total...................... $5,243.1.... $441.0.... $4,786.5.... $404.5

Sterling equivalent9....... £2,836.6.... £238.6.... £3,301.0.... £279.0

[togglebrush] 03/3/2009 07:05

Results out see RNS. Strong performance in 2008.
More challenging outlook in 2009
Dividend UP 6.2 cents making 9 cents for the year

The final dividend will be paid on 18 May 2009 to shareholders who are on the register of members on 17 April .

Sterling dividends will be translated at the closing mid-point spot rate on 17 April 2009 as published in the Financial Times on 18 April 2009.

[wendsworth] 02/3/2009 14:20

VERY QUIET BB!

Results tomorrow?

[kooba] 25/2/2009 19:28

interesting togglebrush the oil price however will be self righting and i would expect a decent recovery in the medium term as more marginal production areas globally are taken off stream supply will come down to match or fall short of supply imho.
totally agree wendsworth about consolidation.htg has a few hundred million burning a hole too..if they don't use it somebody will probably have a tilt at them.
results from sector will be good benefitting from generous historic contracts the forward looking statements could be a bit tricky but most in the sector are well financed and will easily weather the short term problems.

[wendsworth] 25/2/2009 19:16

Togglebrush : Thanks for the info.

With 75% of its income based on long term contracts STILL consider Wood Group to be a buy at current levels. Results next week . Final Dividend goes ex within a fortnight of announcement.

Could well see some consolidation in the sector. Always thought Amec ( cash rich) would fit well with Wood Group and with the price sculling around 200p can see a move ( if it is in the offing) being made sooner rather than later.

[togglebrush] 24/2/2009 13:38

This looks like trouble for Wood Group;-

LONDON -(Dow Jones): BP oil and gas production business in the U.K. North Sea is unsustainable at current low oil prices and high costs, a spokeswoman for the company said Tuesday. The company, which is one of the largest producers of oil and gas in the North Sea, needs to act quickly to make sure it can continue investment in business, she said.

BP has opened talks with key contractors and suppliers about reducing costs. The talks are still at an early stage but BP is looking for a quick response from oil service companies, she said. "Doing nothing is not an option," she said. The cost of developing and running oil and gas fields in the North Sea has increased 50% since 2004, but the oil price is now back at 2004 levels, she said. "Broadly the business is not sustainable."

[wendsworth] 10/2/2009 10:53

jibba-jabba: Share price has held up better than I had anticipated.

Doesn't look like I'll get my limit buy . Still I'll leave it on for the time being and see what the general market does over the next couple of weeks. These can 'turn' quickly. I've acted 'in haste' before and learned to regret it!

[volsung] 09/2/2009 09:55

Bought a few of these this morning. Beginning of an uptrend?

[wendsworth] 01/2/2009 15:11

jibba-jabba: Your post 19 refers. Reckon we'll both be buying soon!

[wendsworth] 30/1/2009 14:59

Getting closer.

Quiet BB!

[wendsworth] 21/1/2009 10:21

Well we're at 198/99 as I post. Will I get my 160p limit buy in the next 2/3 weeks ??????

[wendsworth] 18/1/2009 19:02

Down 8.1% last week during which WG hit 202p.

I can see sub 200p again in the short term.

[wendsworth] 14/1/2009 23:06

jibba jabba : Thanks for your candour. I've taken my medicine for 2008 with some severe hits. I have found lately that canny stock picking and being patient has been a sound policy. Having taken some useful profit at year end plus some dividends due this month I'm not rushing back in unless I consider a stock to be significantly oversold.

[jibba_jabba] 14/1/2009 17:59

Good luck wendsworth, i dont know whats holding this up at the mo, i am down but in know pressure to sell, will just ride it out...and buy lower if i get the chance.

[philo124] 14/1/2009 16:14

there hasn't been a levelplaying field for 18 months. Should have stuck to women and playing blackjack.