Wood Group (john) Share Discussion Threads

[chutes01] 08/7/2022 12:18

A relief rally off 145p level, only prolonging the inevitable for Wood
Nuclear/Benv sold off to stem the bleeding, Director resignations on the qt, Carillion2 - Do the math, 160 mio to SFO, contract losses and systemic legacy issues around incompetent middle managers

[plentymorefish] 07/7/2022 15:59

chutes01 is the man to ask!.....;)

[saltaire111] 07/7/2022 15:56

Great update. Little debt on the balance sheet these days.

Strong buy?

Salty.

[fuji99] 07/7/2022 12:05

Good order book but there are signs of areas in decline including involvement with Russia. So the future guidance is still a question mark- - - - -
Return to revenue growth: revenue around $3.2 billion, with
strong growth in Consulting and Operations partially offset
by a DECLINE in Projects
-- Adjusted EBITDA at around $250 million , with a relatively
robust performance in Consulting and Projects offset by a DECLINE
in Operations
-- Adjusted EBITDA margin around 7.9% compared to 8.3% last year (DECLINE in margin).
This includes the impact of the previously guided lower margin
in Operations and a lower margin in Consulting, reflecting
a lower Built Environment margin and the IMPACT of exiting
energy consulting work in RUSSIA

[pogue] 06/7/2022 15:24

iconista
its sectorial not specific. Look at PFC same share price graph. I have no idea why they are both are falling from what I am seeing from the amount of enquiries I am getting to work they should be going up. The market is booming and its only starting as its mainly FEED work just now so the really large detail design contracts are up next.

[chutes01] 06/7/2022 14:59

Icon,
many thanks for your reply here.
It is extremely vulnerable now, Stewart walked after making himself a life changing small fortune, Watson did not have the clout to change things here, he can offload his shareholding when he is clear in Sept, however it may be too late then, contract losses and financial hits on the back of SFO costing the company £160 mio.
The company is riddled with incompetent middle managers
It will be a difficult few weeks, if Blackrock pull the rug its over here.

[iconista] 06/7/2022 14:28

This share does feel risky, so I'm not surprised our Tiny Little Batman is trying to scare people here. But, Blackrock don't seem to be following his narrative. They are still gradually closing out their short - by another 0.2% on on 30 JuneBut they've not closed it entirelyBlackrock or TLBTime will tell

[plentymorefish] 06/7/2022 13:09

A reminder of what you said about HBR 3 weeks ago.......

'Blue sky to £5'

It was around 400p then, approx 310p today.......

You'd be better concentrating on your investment there as it's doing rather badly!......

[chutes01] 06/7/2022 13:02

death spiral continues, regardless of wider market sentiment, this is heading below 100p quickly, Carillion2.

[pogue] 02/7/2022 09:25

Typical contract, below, being won just now by contractor companies oil companies are mainly doing FEEDS just now as a prelude to the detail design contracts as none had plans to upgrade or expand until the oil price went up and you can't do a detail design project until you do a FEED.

[wigwammer] 01/7/2022 16:08

Chutes01 filtered. Humourless waste of oxygen.

[chutes01] 01/7/2022 15:55

Carillion2

[plentymorefish] 01/7/2022 15:50

But to be fair, his spelling was much better in his latest post!......

[wigwammer] 01/7/2022 15:49

What are you on about? The whole sector is falling, got nothing to do with stock specifics.

[chutes01] 01/7/2022 15:46

Watson is free to sell out in 2 months, that is when I believe the real fall is witnessed here as the whole shooting match unravels

[plentymorefish] 01/7/2022 15:36

'More trouble at mill here, all to be unveilled.'

Try to avoid using words you can't spell!.......

[chutes01] 30/6/2022 20:15

Another massive sell off, 640k at 156p
I can see the new man kitchen sinking before autumn, 50p gives MC of £300 mio, that might be the level to move on from.
There is no support at this level

[chutes01] 29/6/2022 15:43

Carillion2 heading to 120p in July, chart continues death spiral
More trouble at mill here, all to be unveilled.

[iconista] 27/6/2022 13:15

Where is our tiny little Batman today with his narrative of doom?

[chutes01] 24/6/2022 14:48

WG have a real reputation issue now, incompetence has led to share price of 160p, heading lower, and the question now is will the business be allowed to survive or will it be swallowed up for the benefit of the competitors.
Take them out on the cheap, or sit back and let them fail, wait for the next accounting horror story. There is proper incompetence strewn across the company.
Carillion2 - Profitable assets sold off to prop up business, whilst having no impact on large debt levels, Director resignations and contract losses ...

[iconista] 24/6/2022 13:01

Thank you, chut, for taking time to advise a handful of amateur investors of the risks, free of charge. Warning people that they are about to lose their money, and for no reward other than the satisfaction that you have done good, is a noble, (if somewhat niche), pastime. You're like a tiny little Batman.

[chutes01] 24/6/2022 12:41

Indeed that's correct
But, will Wood be around to see the benefits, it appears unlikely right now.
The decimation of shareholder value here over several years has been eye watering, leading to sell offs to prop the business up.
Investors are heading for the door at this juncture.
Watson is going early to protect his legacy.

[pogue] 24/6/2022 11:38

Halfwit, there is no downturn in contracting quite the opposite the lack of engineers is a sign the market is booming.