Wood Group (john) Share Discussion Threads

[cliley454] 20/8/2013 08:27

No reason that I can see. Should recover over the next few days.
While we wait, take a look at PPS. They are about to do a deal which should be announced shortly.

[molatovkid] 20/8/2013 08:04

why the drop?

[philo124] 20/8/2013 07:53

V Good. Thanks.

[broadwood] 20/8/2013 07:37

John Wood Group booked a first-half pretax profit before tax from continuing operations of $203.9 million, against $150.7 million a year earlier. Revenue from continuing operations was $3.45 billion, from $3.35 billion a year earlier. The company proposed an interim dividend of 7.1 cents a share, from 5.7 cents a year earlier. "We have achieved good growth in the first half and remain confident of achieving full year performance in line with expectations," said CEO Bob Keiller in a statement. "In March, I talked about our focus on increasing collaboration across Wood Group; this is progressing well and we have already seen new business opportunities driven by people working more closely together," Keiller said. "Activity levels generally remain healthy and we believe the Group is well positioned for future growth." John Wood Group anticipated EBITA growth of around 10-15% for the full year. - See more at:

[broadwood] 19/8/2013 17:07

Up nicely - thanks to the bid for Kentz.

[salpara111] 12/7/2013 11:28

Well my sell order just triggered at 904 which is a 10% gain for me so I am happy.
I accept that it might have further to run but it is now at an all time high and I am still not convinced that the overall market is not overbought at present levels so I am happy to go to cash for a short while.

[philo124] 09/7/2013 16:38

I like the share price!

[broadwood] 09/7/2013 16:26

They like the Mexico contract news.

[broadwood] 05/7/2013 07:23

Upgraded to Buy along with a nice increase in the TP. Probably because of a lot of recent orders won.

Should get a bump up today.

Bank of America Merrill Lynch John Wood Group PLC 05/07/2013 Upgrades Neutral Buy 2 940.00 1,040.00 849.50 100 2

[philo124] 27/6/2013 07:09

Good update.

[broadwood] 30/5/2013 10:51

Shares in Wood Group were performing well on Thursday morning after Morgan Stanley upgraded its rating on the stock from 'equal weight' to 'overweight' despite taking a more cautious view on the wider oil services sector.

The broker lowered its sector view on the whole to 'in-line', saying that it expects industry capital expenditure (capex) growth to slip to 5.0% in the near term, compared with the 18% compound annual growth rate (CAGR) seen since 2003.

"We reconsider the outlook for oil & gas capex growth, given our view of the new oil price environment, and following recent project delays & events in the mining sector.

"With oil prices the key determinant of industry operating cash flow, and given our expectation for an increasingly range bound price environment, we expect industry operating cash flow growth to fall from 14% CAGR (since 2003) to around 3.0% in the future."

Nevertheless, Wood Group is now included in Morgan Stanley's top picks in the European oil services category, as it thinks the company is the best positioned to cope with a lower growth outlook for spending.

"We see Wood Group as well positioned, given its asset light engineering business model, which we expect to continue delivering above cost of capital returns in the mid-teens out to 2015."

However, the broker downgraded its target prices across the sector, saying that the lower outlook for growth requires a lower price-to-earnings multiple. As such, Wood Group's target price has been reduced from 1,065p to 1,040p.

[broadwood] 30/5/2013 07:14

Morgan Stanley John Wood Group PLC 30/05/2013 Upgrades Equal weight Overweight 2 1,065.00 1,040.00 833.50 -25 2

[salpara111] 15/5/2013 17:04

Apparently an "in line" trading update is not enough to keep the share price from dropping.
Once again they are right on the line of relegation from the FTSE 100, about 3 weeks to the next cut so time for it to get some more strength.
£10 is clearly still a fantasy but £9 would be nice!

[tripehound1] 02/5/2013 09:17

? Am I missing something here ?

[philo124] 09/4/2013 18:17

I was looking at forecasts and wandered why they don't double the Divi?

[broadwood] 09/4/2013 07:19

Wood Group's PSN business has signed a 'significant' two-year North Sea contract extension with Total E&P UK, with is expected to be valued at around 150m dollars. Wood Group will continue to provide engineering, procurement, construction and commissioning services to TOTAL's Alwyn, Dunbar, Elgin and Franklin offshore platforms and the St Fergus onshore gas plant.

The contract was first awarded 10 years ago.

David Stewart, UK managing director for Wood Group PSN, said: "This contract renewal is testament to the quality and standards of the services we provide.

"It's an important contract in our UK business and we are proud to continue to work with Total to deliver a range of technically challenging projects. The award recognises the ongoing improvements achieved and provides a platform to further enhance our reputation with a major international company

[cockneyrebel] 03/4/2013 16:58

New closing high

CR

[broadwood] 03/4/2013 16:38

Wood Group, the FTSE 100 energy services giant, was on Wednesday rising on reports it had secured a contract with CNOOC and Shell Petrochemicals Company (CSPC) in China.

The $1.6m contract is for new parts for a gas turbine in China, and builds on the group's exisiting relationship with CSPC.

As reported at oilvoice.com, Frank Avery, the President of Power Plant Services at Wood Group, said: "This order highlights the importance of providing our customers with a strong value proposition.

"The combination of high-quality parts and a commitment to service excellence delivers real benefits to our customers in terms of equipment reliability and lower cost of ownership."

CSPC's Mechanical Engineer, Bi Zhungu, was also quoted as saying: "We are one of China's largest petrochemical plants, so the performance and reliability of production equipment is essential to meet our commitment to customers. We value our relationship with Wood Group GTS. Their overall competitiveness and track record on previous contracts has ensured success with this latest tender process."

[cockneyrebel] 03/4/2013 11:45

Well could be a good 10-20% on a breakout like this Philo so you might not have that long to wait for £10 imo :-)

[philo124] 03/4/2013 10:37

Hopeing for £10.

[cockneyrebel] 03/4/2013 10:36

Breaking out here to all time highs

CR