Wood Group (john) Share Discussion Threads

[cockneyrebel] 03/4/2013 10:36

Breaking out here to all time highs

CR

[cockneyrebel] 03/4/2013 10:36

Breaking out here to all time highs

CR

[broadwood] 20/3/2013 07:30

Can't be bad.

Wood Group has secured 11 new contracts in Africa totaling approximately $240
million. The contracts were awarded over the last 12 months to Wood Group PSN,
Wood Group GTS and Wood Group Mustang for projects in five African nations.

Wood Group PSN, which provides brownfield production services, won contracts to
provide operations & maintenance and construction services to clients in
Equatorial Guinea, Chad and Algeria.

Wood Group GTS, specialists in rotating equipment solutions, has secured a
long-term service agreement covering two GE Frame 9E gas turbines for an
operator in Ghana.

Wood Group Mustang, the process & facilities group of Wood Group Engineering,
is providing detailed engineering for wellhead platforms, a production
processing platform and a living quarters platform for an offshore project in
Angola.

James Crawford, Wood Group PSN's managing director for Africa, said: "We are
committed to building a sustainable business in Africa and are very clear about
the countries and projects which we target, knowing where and how our expertise
can enhance our customer's operations. Creating opportunities for local
training and employment, Wood Group employs over 3000 people in 11 countries
across Africa. It is a key operating region, and these wins feed our ongoing
growth strategy for the continent."

Michele McNichol, Wood Group Mustang executive vice president, stated: "Our
commitment to building relationships and bringing economic value to African
countries continues with recent project activity in the region. We are
expanding our history of successful project delivery to support the development
of energy resources in this key oil & gas region and in providing career
opportunities for local personnel."

[broadwood] 07/3/2013 14:15

Deutsche Bank John Wood Group PLC 07/03/2013
Retains
Buy Buy 0 870.00 930.00 853.50 60 2

[broadwood] 06/3/2013 20:29

Confirmation of the unfortunates to be kicked out.

As a result of the regular quarterly review of the index, the mining company Kazakhmys and the shopping centre management company Intu Properties will leave the FTSE 100.

[cockneyrebel] 06/3/2013 20:23

Where's the director sell broadwood?

CR

[major clanger] 06/3/2013 20:03

This by Broker Forecasts:

[broadwood] 06/3/2013 16:11

That's a nice 12% gain in a couple of days.

[broadwood] 06/3/2013 14:18

Sighs of relief are almost audible.

[broadwood] 06/3/2013 11:31

Combination of better than expected results and relief that Co is retaining its FTSE status.

Apparently,tracker funds would have had to dump several million if they had rolled over.

[cockneyrebel] 06/3/2013 11:12

By Ian Walker

LONDON--In a last minute twist of fate, international energy services company John Wood Group PLC (WG.LN) and engineering firm Serco PLC (SRP.LN) look likely to be saved from relegation from the top flight in the FTSE quarterly review, after each reported strong 2012 earnings and raised dividends, sending their shares higher Tuesday.
Based on Tuesday's closing share prices, shopping center owner Intu Properties PLC (INTU.LN) and mining firm Kazakhmys PLC (KAZ.LN) are likely to be dropped from the FTSE 100 and be replaced by budget airline easyJet PLC (EZJ.LN) and London Stock Exchange Group PLC (LSE.LN), according to indicative data from FTSE Group and based on Tuesday's closing share prices.
On Tuesday John Wood Group reported a pretax profit of $336.2 million for 2012, up from $94.9 million a year earlier and raised its dividend 26% to 17 cents. Serco reported a pretax profit of 302 million pounds ($454.5 million) in 2012, up from GBP238.3 million in 2011 and raised its dividend 20% to 10.10 pence.
The new lineup is expected to be announced after markets close Wednesday, subject to the approval of the FTSE EMEA Committee. The changes will be based on Tuesday's closing share prices and take effect March 15.
The FTSE100 is a share index of the 100 most highly-capitalized companies listed on the London Stock Exchange.
Any company that falls to 111th and below is automatically ejected from the top-flight index, while any firm that rises to 90 or above is automatically promoted. Write to Ian Walker at [e-mail]

[broadwood] 06/3/2013 09:31

HB Markets view.

Our view: John Wood Group saw revenues increase by 20% and pre-tax profit from continuing operations soar 43% in the full year, benefiting immensely from the increased spending from oil and gas companies in the upstream, sub-sea and pipeline businesses. The Group's engineering division is expected to deliver EBITA growth of around 15% in 2013, thanks to favourable prospects in a number of key regions including the Gulf of Mexico, the Middle East, Norway and Asia Pacific. Profits were also boosted by the company's involvement in unconventional energy such as shale gas industry in North America and John Wood sees sizeable further opportunities in the liquid-rich area which has not been impacted by recent price falls. The company is also reaping the rewards from the Duval and Mitchell's acquisitions in the oil-rich Eagle Ford and Bakken regions, significantly strengthening its position in those regions. Considering the company's healthy order book, continued growth in maintenance business, and robust balance sheet supported by strong operating cash flow, we maintain our Buy rating.

[broadwood] 06/3/2013 08:26

Yep, just noticed that.

Confirmation today we're still in hopefully.

[cockneyrebel] 06/3/2013 08:16

*DJ John Wood Group Raised to Overweight From Neutral by HSBC

[enami] 05/3/2013 18:09

By my calculation yes KAZ and INTU (the old CSCG) at the bottom of the FTSE100 and likely to be demoted. FTSE Indices will announce after market close tomorrow.

Serco (SRP) had results today as well and put on almost 9% to save their FTSE100 cachet

[diabhal] 05/3/2013 16:57

Market cap is 3,052m according to ADVFN, 3080m on Digital Look. Is this enough to stay in FTSE100? There seem to be a few others who are more likely candidates - eg. Intu & Kazakhmys both have lower MC at the end of today.

[broadwood] 05/3/2013 15:56

Sector movers: Wood Group drives Oil Equipment, Services & Distribution sector up
Tue 05 Mar 2013

The top performing sector on Tuesday was Oil Equipment, Services & Distribution, driven by FTSE 100 international energy services company Wood Group, which posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions.

The total dividend for the year was up 26% at 17 cents per share (2011: 13.5 cents), following a final dividend payment of 11.3 cents, reflecting the company's "confidence in the longer term outlook for the group".

The company's results were impressive, with revenue from continuing operations totalling $6,821.3m (2011: $5,666.8m), while earnings before interst, tax, and amortisation (EBITA) from continuing operations came in at $461.1m (2011: $341.6m), up 35%. The EBITA margin increased from 6.0% to 6.8%.

Profit from continuing operations before tax and exceptional items was $362.7m (2011: $254.1m), up 43%, and adjusted diluted earnings per share were 85.2 cents (2011: 60.2 cents), up 42%.

[broadwood] 05/3/2013 15:48

enami - seems to be holding. I think we might escape.

[broadwood] 05/3/2013 14:19

Wood Group sees growth across all divisions
Tue 05 Mar 2013

,

Wood Group sees growth across all divisions LONDON (SHARECAST) - International energy services company Wood Group, posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions.

Revenue from continuing operations totalled $6,821.3m (2011: $5,666.8m), while earnings before interst, tax, and amortisation (EBITA) from continuing operations came in at $461.1m (2011: $341.6m), up 35%. The EBITA margin increased from 6.0% to 6.8%.

Profit from continuing operations before tax and exceptional items was $362.7m (2011: $254.1m), up 43%, and adjusted diluted earnings per share were 85.2 cents (2011: 60.2 cents), up 42%.

The total dividend for the year was up 26% at 17 cents per share (2011: 13.5 cents), following a final dividend payment of 11.3 cents, reflecting the company's "confidence in the longer term outlook for the group".

Chief Executive Officer Bob Keiller said: "Our 2012 financial results represent another year of strong growth with EBITA up 35%, reflecting the focus and hard work of our people around the world. Wood Group is a great company and I believe we can be even better if we harness our collective strengths more effectively and operate in a more joined-up manner.

"We are set to make progress in all divisions in 2013, and I look forward to leading our further development in good long term growth markets."

Divisionally, Wood Group Engineering delivered its second consecutive year of 30% EBITA growth, with particular strength in upstream and subsea & pipelines. In 2013 the company anticipates further revenue growth and margin improvement.

Wood Group PSN delivered a good performance in the North Sea and experienced strong growth in North America. The company said it is "well placed" to deliver a strong performance this year.

Wood Group GTS increased revenues in Maintenance and its EBITA were up around 10%. Power Solutions EBITA was slightly up on 2011, and looking ahead the group expects to see an improvement in Maintenance in 2013.

Keiller added: "I believe that the Group can be stronger if we harness our collective strengths more effectively and operate in a more joined-up manner. There are further opportunities for cross-selling and pull-through, making better use of the depth of resources we have."

Cash at the year end totalled $172.3m, compared to $226.6m at the close of 2011.

[enami] 05/3/2013 11:08

Yes 810p (as I type) good enough to remain in FTSE100.

Next quarter's ranking based on closing prices tonight.

By my calculation Easyjet and LSE to enter FTSE100 and KAZ, SRP to be demoted.



Keep an eye on Mondi (MNDI) for promotion when the XTA/GLEN merger completes as the will likely be on the rerserve list. Trading new ATH today.