Wood Group (john) Share Discussion Threads

[chutes01] 20/10/2021 15:10

heading to 250p, then £3 soon

[chutes01] 18/10/2021 22:54

chart similar to may 2016 which saw near term 50% rise, same about to happen here
should see this at 400p by year end

[bigman786] 18/10/2021 18:23

These were tipped in MoneyWeek on Friday

[chutes01] 18/10/2021 15:40

something more than that i suspect

[pogue] 15/10/2021 12:02

Its the oil price so sector wide, lots of contracts coming out now. Recruitment in the sector is going into overdrive from the emails I am getting. FEEDs being done indicates more contracts coming in a few months.

[chutes01] 15/10/2021 10:07

This chart looks ready to rocket
Must be some near term corporate coming

[johnsoho] 13/10/2021 11:07

Looking at the trades so far today it appears that almost ALL the sells are automated trades whilst virtually all the buys are actually people buying the shares !!! At some point the AT trades will have to become buys !!!

[chutes01] 12/10/2021 22:47

not much going on with it, paying 40 mio per year for next 4 years for fraud, thats big chunk of shareholder cash. oil/gas dropped off cliff, struggling to gain traction after wood sold off shares to the city boys.

[cassini] 12/10/2021 22:13

I've got a few.

I looked it up on Stockopedia the other day and the 'style' was listed as 'Value Trap'...

It can't seem to get going post COVID, like another couple of shares I own - FSJ and RCDO.

I'm treating them all like recovery stocks, except they don't seem to be recovering - yet.

[johnsoho] 12/10/2021 16:49

For the record I’ve just purchased my first tranche of shares in Wood Group.

[johnsoho] 12/10/2021 16:44

Not sure if anyone is following this company but I think it’s probably undervalued based on the following.

Wood Group’s profits have been certainly been hit by the pandemic, but most I think, of the bad news appears to be in the share price
Positive points appear to be:

- final agreement on the legacy fraud investigation provides clarity and a clear end to that turmoil.

- Wood Group is much more than just an oil & gas company with its business becoming increasingly more diverse over the last 2/3 years or so.

- Current valuations appear to be more attractive relative to their peers.

- The shares are trading I think at about 35% below their 2021 highs and circa 40% or so below their 2020 highs

Please note no advice is intended so please if you are thinking of purchasing some, do your own research.

[pogue] 20/8/2021 16:18

As I said if PoO drops this will get jumpy, Brent now at $65.

[texaschaser] 03/8/2021 15:10

lifestyle company

[pogue] 29/7/2021 14:01

All I am worried about is the oil price. So long as it stays in the $70s this will be fine if it drops maybe get a bit jumpy if it goes over then the US will step in as the last thing they need right now is high oil prices when their economy is coming out of intensive care.

[saltaire111] 29/7/2021 09:28

One way traffic now. Unless there’s a global macro event - major market crash, war, political event - this should be back up to £4.00 without too much trouble.

Salty.

[chutes01] 28/7/2021 14:20

contract gains pushing this up, should recover well over rest of year

[chutes01] 19/7/2021 19:24

recovering from lows

[pogue] 19/7/2021 18:49

Be careful of high margin consultancy they are small contracts. Not sure of the margin on consultancy but on high value EPC contracts its 5%. The move to consultancy from EPC will pay off eventually but short term its not going to do more than keep the wolf from the door. I have been waiting for the big contracts to land for a couple of months surprised by how quiet its been, companies are looking at people's CVs though so they are thinking about it.

[martyminer] 19/7/2021 16:24

Seems to me to be cheap at this price The most recent trading update includes high margin consultancy, trading momentum and growth across all the business sectors and looking forward to a stronger second half. The debt is under control even with the outcome of the known SFO settlement. I have a small position and as usual make your own mind up.

[chutes01] 28/6/2021 13:04

A huge chunk of shareholder cash down the drain at the time they can least afford it, due to a legacy t/over, wealth destruction continues here, from £8 - £2, and struggling to gain meaningful contracts for the foreseable.

[saltaire111] 28/6/2021 08:05

Well, there it is. Confirmation of $177m over three years. In line with March notice.

Salty.

[pogue] 27/6/2021 10:56

IIRC Wood had a clause in the contract when buying AMEC FWEL to have them pay the fine, or at least a proportion, if found guilty. Was a while back but I was working for them at the time and remember words to that effect.