Wood Group (john) Share Discussion Threads

[lawson27] 22/2/2023 16:25

not complaining, but why the spike i wonder?

[jsg123] 20/2/2023 14:34

My mistake

[packman8] 20/2/2023 13:51

Results out 28th March not February.

[jsg123] 20/2/2023 13:23

FY results next Tuesday, maybe somethings leaked like a dividend!!
Be nice.
It's very strong on a typical nothing day on the UK stock market.

[lawson27] 20/2/2023 12:15

looks like somethings kicked this one into start, i don't think its the pocket change CFO's purchase though?
GLA

[lawson27] 07/2/2023 08:20

Promising start to something of note i hope :-)

[lawson27] 02/2/2023 09:46

Joined you for a few this morning @140, been down at this level too long, GLA

[ashkv] 29/1/2023 14:00

26 Jan 2023 - JPMorgan cuts John Wood price target to 217 (237) pence - 'overweight'

[iconista] 23/1/2023 09:43

Even the chancers are quietly closing their shorts here https://shorttracker.co.uk/company/GB00B5N0P849/Chutes is going to have to go earn his crust elsewhere

[chutes01] 18/1/2023 14:50

6 Billion of shareholder funds rinsed here over last few years, the smart money got out a while ago, 2023 forward earnings to be used to pay down SFO fines and existing legacy defaults.
A mix of greed, incompetence and nepotism whilst many got rich off the back of this, almost the perfect 'ponzi', Pensions, bonuses and pay offs.
Will it survive going forward, will there be anything in the pot for existing holders - That remains to be seen.
Senior directors jumped ship with pockets full, Watson off to Honeywell to cause further chaos.
Another shock here and it may be over, Carillion #2

[mcmather] 18/1/2023 13:24

Take your pick. Or completely ignore.

Barclays raises John Wood price target to 190 (180) pence - 'equal weight'.

or

Kepler Cheuvreux cuts John Wood to 'hold' (buy) - price target 140 (275) pence.

[faz] 13/1/2023 15:35

Can see this rising 60-70% in the next 18-24 months. Invested at around these levels in November so if I wanted to sell I would. Set right now for growth and plenty of orders in the bank. I;m no chartist but the downwards trend was broken in December into the current rally. I will add more as and when. And I have about 200 people on filter. If you dont like my comments or anyone else's filter them.

[pogue] 12/1/2023 16:20

chutes0110 Jan '23 - 15:27 - 963 of 971
0 0 0
bit of a big fat slugfest to get over the 150p mark, falling back now
The question of this lots survival and viability going forward won't go away, another claim on shareholder funds and the whole shooting match is gone up in smoke, £8 Billion gone, SIW got out with his profits in time, telling all his students at RGU that O/G was finished, now the clown is all over the media like a hot rash.


2 days later and we are over £1.50 not a slugfest more a borefest with the monotonous deramps

[ashkv] 12/1/2023 14:15

oops I don't know why I did that

[edmondj] 12/1/2023 10:57

Stock today, seems essentially about sentiment around the US inflation read due.

Fluctuations mirror Persimmon!

[ashkv] 12/1/2023 07:44

2022 Trading In Line With Expectations

John Wood Group PLC ('Wood' or 'the Group') announces a trading update for the year ended 31 December 2022 ('FY22'), including the headline draft financial results.
Highlights
·Delivering financial returns
o Results for FY22 in line with guidance for revenue, adjusted EBITDA and net debt
o Strong underlying revenue growth in 2022, led by Operations and Consulting with a return to growth in H2 in Projects
· Transformed the Group
o Financial strength restored following the sale of Built Environment business in September 2022
o Legacy issues addressed including Enterprise litigation settled in November 2022
o Business de-risked with minimal lump sum turnkey (LSTK) work remaining

·Well-positioned for market growth
o Order book of c.$6 billion including strong growth in Projects
o Around 22% of Group revenue from sustainable solutions1

FY22 financial highlights
·Revenue around $5.4 billion: underlying revenue growth at constant currency of around 8%. Reported revenue up 3%, including an adverse impact of around $275 million from foreign exchange rate movements. Growth in Consulting and Operations was offset by the expected full year decline in Projects
· Adjusted EBITDA around $375 million to $385 million: in line with guidance and includes an adverse impact of around $15 million from foreign exchange rate movements
· Adjusted EBITDA margin around 7.1% compared to 7.7% last year. This includes the impact of the previously guided lower margin in Operations, and a lower margin in Consulting that partly reflects the impact from exiting work in Russia
·Net debt (excl. leases) at 31 December 2022 around $350 million to $400 million2,3 - within our guided range
·Order book at 31 December 2022 of around $6 billion with the order book fdelivery in 2023 up by around mid to high single digit percentage on the position a year ago
 
Outlook for FY23
As usual, we will give financial guidance for FY23 alongside our full year results on 28 March 2023. We expect guidance for FY23 to be in line with our medium-term financial targets of adjusted EBITDA growth at mid to high single digit CAGR, with momentum building as our strategy delivers.

As previously set out, we anticipate a material improvement in underlying operating cash flows in 2023 which will be outweighed in the short term by defined payments on legacy liabilities, before a return to positive free cash flow in 2024.

Ken Gilmartin, CEO, said:

"We are pleased to have delivered a result for 2022 in line with our expectations at the half year, including a return to revenue growth and a balance sheet position that reflects the strengthened Group.

"We are focused on growth in energy and materials, both with structural growth drivers - energy security, energy transition, net zero and the circular economy - which create long term growth opportunities for Wood. Our leading positions in these markets, long-term client relationships and expertise in decarbonisation and digitalisation is enabling us to win additional market share.

"Significant contracts won in the second half of the year include a five-year engineering services contract renewal with bp, a three-year contract renewal with Shell in the UK North Sea, and a four-year contract with INEOS to deliver a state-of-the-art petrochemicals complex in Belgium.

"This is a new Wood, led by a new team, and the strategy we recently shared at our Capital Markets Day will enable us to deliver sustainable returns. We have attractive growth prospects in our core markets, we are trusted by our clients, and we have the talent and solutions to enable a net-zero future. We're focused on designing a strong future for Wood and enter this New Year with positive momentum.
"

[ayl30] 12/1/2023 07:12

Todays update sounds confident. Cash position on track for improvement

[iconista] 11/1/2023 08:08

When chutes speaks, I buyAll shorts gradually closing herehttps://shorttracker.co.uk/company/GB00B5N0P849/

[chutes01] 10/1/2023 15:27

bit of a big fat slugfest to get over the 150p mark, falling back now
The question of this lots survival and viability going forward won't go away, another claim on shareholder funds and the whole shooting match is gone up in smoke, £8 Billion gone, SIW got out with his profits in time, telling all his students at RGU that O/G was finished, now the clown is all over the media like a hot rash.

[ashkv] 09/1/2023 06:28

Trading update this week Thursday 12 January 2023 - hopefully some good news post all the doom and gloom....

hxxps://www.woodplc.com/investors/financial-events-calendar