Wood Group (john) Share Discussion Threads

[eezymunny] 23/8/2022 08:34

ashkv

Using adjusted EBITDA as a basis for your valuations may lead you to permanent poverty, IMO. Look at the IFRS 16 lease stuff for example. Adjusted EBITDA is very flattered, I think.

On a price/sales basis WG. indeed looks pretty cheap IMO, but there are a very great deal of things to consider before declaring it cheap overall IMO.

I'm pretty neutral on it. It could certainly double or better from here, but it's trying to dig it's way out of a sizeable hole.

[ashkv] 23/8/2022 08:24

Not the best result - large part of debt extinguished by end Q3 - when deal expected to close for the built environment business...

Even though Wood is struggling this line highlighted why it is a steal should it go down any further.... also expect lawsuit in Texas to be a minor blip as on reviewing the details of lawsuit don't expect a big win for the adversaries...

"For the full year, John Wood expects revenue to be around USD5.2 billion to USD5.5 billion and adjusted Ebitda around USD370 million to USD400 million."

At $400mn Ebitda and 135p share price with GBPUSD 1.17 as I type

Assuming $400mn debt remaining post $1.6 billion in as of deal completion

Market Cap GBP at 135p = GBP 1087.45
GBPUSD = 1.17
Enterprise Value (EV) in USD = (GBP 1087.45 * 1.17) + USD $400mn Net Debt (Post divestment of Built Environment Business for net $1.6 billion)
= $1272.31mn + $400mn = $1672.31
EV / EBITDA (Approximation) = $1672.31/$400mn = 4.18 times... seems like a pretty low ball level compare to similar firms and for what the Built Environment business was sold for...

[w1ndjammer] 18/8/2022 19:18

I have been buying, BlackRock should be out soon

looking for 250p for starters....

WJ.

[pogue] 18/8/2022 11:17

At another industry event yesterday. There is a shortage of engineers there is so much work out there talking to others working in different contractors. Can only see this going up with the huge amount of work happening. Lot of big FEEDs which will lead to very large projects in a year as well, mostly Arab world.

[amargosa] 04/8/2022 10:42

hxxps://moneyweek.com/investments/stocks-and-shares/share-tips/605178/john-wood-group-needs-polish-but-has-plenty-of

[plentymorefish] 30/7/2022 17:15

For reference, here's what he said on 19/07/2022 inter alia.....

'APG now below 3%, so 20 mill more to sell without notification
However, if the other Insti pulls the plug, it's game over for shareholders here
Salvage what you can ?'

Suddenly it's 'we'...........kn*b........

[plentymorefish] 30/7/2022 17:08

Changed your tune in a week.....you don't half talk some shi*e!....

[pogue] 29/7/2022 13:21

ashkv
do you base your buying and selling decisions solely on RNSs on who has been buying and selling? How odd I base it on how the company looks financially. Each to their own good luck with your move to PFC and HTG.
Bye

[plentymorefish] 29/7/2022 12:24

Thanks for sharing, I feel much better now......

[ashkv] 29/7/2022 11:47

Wood Group is proving to be akin to "Dead Wood" - contemplating rotating to PFC and HTG as the only Holding RNS for WG as of late have been reductions even at this near 15 year low share price....

[iconista] 19/7/2022 19:16

Is this relevant? From the FTHalliburton boss says oilfield service shortages likely to worsenSector reaps rewards of tight market for materials, drilling equipment and labour also led to bumper profits for oil services groups....A lack of everything from crews and drivers to drilling rigs and the sand used in the fracking process has added to the challenge of increasing production but has also led to bumper profits for oil services groups...

[plentymorefish] 19/7/2022 18:22

Lol…..

[chutes01] 19/7/2022 17:14

APG now below 3%, so 20 mill more to sell without notification
However, if the other Insti pulls the plug, it's game over for shareholders here
Salvage what you can ?

[puffet] 18/7/2022 10:13

My understanding is that Wood have retained the BP north sea contract till 2028 and extended it with T&T region. Good News and I have bought in here.

[pogue] 15/7/2022 00:19

I am on my way back from a industry event everyone is talking about how good the market is for jobs and contracts. I dont understand why here and PFC is not booming.

[tahmina1] 14/7/2022 16:13

Buy when others are fearful!..... this is oversold in an industry that should be booming, both on decommissioning and on supply shortage issues.

[pogue] 14/7/2022 15:25

why you still holding then Chutes?

[chutes01] 14/7/2022 14:53

death spiral continues, see this under 100p by end of month
Watson can start to offload in september, he must be gutted at this
Or will he break ranks and have to notify sales

[wigwammer] 13/7/2022 17:43

Outlook for FY22We expect higher revenue in 2022 across our business supported by the continued growth in our order book.We expect a stronger performance in the second half, helped by an improved performance in our Turbines joint ventures and stronger revenue growth, particularly in our Projects business.We expect the sale of Built Environment Consulting to improve our net debt position in the second half.

[chutes01] 11/7/2022 17:16

likely going to PFC/Aker
Wood reputation in tatters across N Sea, Directors retiring with multi mio awards for trashing shareholder value over several years
160 mio outstanding to SFO for corruption at tendering.
If the insti pulls the plug, it's effectively over here.
SIW did well to get his wealth out as he handed it to unsuspecting city boys

[puffet] 11/7/2022 17:08

This contract is out for tender and due to be awarded shortly - a loss would not be good news so would hold fire till this is out.



11 December 2014

Wood Group secures major BP contract

Wood Group has been awarded a five year contract with an estimated value of
$750million from BP. Under the contract Wood Group PSN (WGPSN), will deliver
engineering, procurement and construction services to six UK continental shelf
(UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore
midstream facilities in Grangemouth.

Effective January 2015, the contract will create 150 new jobs and secure more
than 700 existing positions. This is WGPSN's largest contract award in 2014 and
includes an option for two, one-year extensions

[iconista] 08/7/2022 14:44

Who sent out the tiny little Bat-Signal?

[plentymorefish] 08/7/2022 12:53

lol.......