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WSM Wellstream

782.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wellstream LSE:WSM London Ordinary Share GB00B1VWM162 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 782.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Wellstream Share Discussion Threads

Showing 2226 to 2249 of 2450 messages
Chat Pages: 98  97  96  95  94  93  92  91  90  89  88  87  Older
DateSubjectAuthorDiscuss
17/3/2010
19:24
Couldn't resist a short on this at £5.42p before close of play.
Will close when it drops close to £5 again.

cwavecrest
17/3/2010
16:28
Must be feeling the 4% rise
staddles
17/3/2010
12:22
How's the short going ian77?
staddles
17/3/2010
08:44
Excellent Deramping - roll on the rise!
staddles
17/3/2010
07:50
from Tempus

hard to disagree

"Wellstream

Shares in Wellstream have fallen by nearly a quarter since last year's rumoured bid interest from Saipem, of Italy - but there was nothing in yesterday's full-year results to send them any higher.

Sales at the FTSE 250 oil services group, which makes flexible pipes that link deepwater wells to floating production platforms, rose by 8 per cent last year, but severe pressure on margins pulled operating profits down 37 per cent. Wellstream's operation of factories in Newcastle and Rio de Janeiro entails a high level of overheads and although a four-year £600 million deal with Petrobras has kept it busy in Brazil, weak spending on oil production elsewhere in the world has left its Tyneside plant running at less than half its capacity.

The modest consolation from yesterday's numbers is that Wellstream's order backlog - at around £160 million - has not fallen any further over the past few months. However, that tally still represents only five months' work. More contracts from Petrobras should feed through, but it is the hiatus in orders from regions such as Asia and West Africa that remains the greater concern. Wellstream also faces pressure on pricing after a recent increase in capacity at France's Technip, the market leader. That oil production will steadily shift Wellstream's way (to the exploitation of "frontier" deepwater wells) is not in doubt, as witnessed by last week's belated move by BP into Brazil's Campos Basin. However, until the company's order book - and profit forecasts - show clear signs of growth, the shares are unlikely to perform.

Wellstream's confidence that it can limit the current-year decline in earnings to about 24 per cent takes a lot on trust. A takeover approach remains a possibility but at 525p, down 10p, or 20 times earnings, that is insufficient reason to buy. Pass."

phillis
16/3/2010
22:29
Shorting this on ig tomorrow looking for 480.[only in the short term long holder normally]
ian77
16/3/2010
18:01
I expect a rise tomorrow, this is possitive, there is a large enough book in Brazil for the short to medium term, with exploration and extraction looking to use more innovative technology like this elsewhere in the world the order book will fill as global demand returns.
staddles
16/3/2010
17:30
seem well organised and focused , clear look the the results. Not as bad as i feared , maybe buy on the dip.
mr.oz
16/3/2010
16:44
Would have plummeted below £5 if not for the bullish mood of the FTSE 250.
Closed my short though at £5.21p to make a small profit as I see some positive movements in the coming months.

cwavecrest
16/3/2010
15:30
Report is more Bullish than last year, derampers have arrived, expect an nice rise tommorrow.
staddles
16/3/2010
08:28
Knew it was high - not that high!
eisler
16/3/2010
08:16
Petrobras = 59%!
phillis
16/3/2010
07:57
Placed a short on this yesterday at £5.42p as this share usually slumps on any trading statement. Maybe around £4.60p and will recover slowly in a few days time to around £5.
I still have a holding of a 1000 in an ISA ,however worth playing with on the swings.

cwavecrest
14/3/2010
21:43
You're right
sludgesurfer
14/3/2010
21:38
Results out this week (I think) ...

16th March 2010

Announcement of Preliminary Results for Full Year 2009

A conference call for analysts and investors will be held at 09:00 am on 16 March 2010.
To participate in the conference call, dial: +44 (0)1452 568 051 (access code: 59406114).
A recording will also be available for 7 days after the call, dial: +44 (0)1452 550 000 (access code: 59406114).

peterbill
13/3/2010
01:34
kerching! WSM does it yet again! Happy days!
eisler
11/3/2010
16:35
Agree sludge, i will sit tight untill 16th, then take a view.
redips2
11/3/2010
16:30
This is a maybe kinda share. Always enough rumours flying around to keep me interested in holding long term yet the only stock I have ever successfully traded short term on the swings. Volume unspectacular today but a nice day nonetheless.
sludgesurfer
11/3/2010
15:31
Maybe goodish figs on the 16th expected, up on a down day! maybe someone knows something, also directors have been buying---maybe maybe maybe.
redips2
11/3/2010
09:19
hmmmmmmmmmmm
sludgesurfer
19/2/2010
23:36
Found its level at 500ish - don't expect much downside from here - more takeover speculation - or anticiptation of it - will push this up to 600 again - WSM can turn on a sixpence...whatever happens, we will see 550 again by end of FY...
eisler
15/2/2010
23:57
410 target , CITI
mr.oz
29/1/2010
00:19
Markets bouncing around all over the place now below 500 I must say I am tempted but hink another nasty shake might bring this lower. Damn thing will go ballistic tomorrow now I have spoken!
fayde
26/1/2010
20:17
lol i would note tho that the entry point continues to rise each time!
so i am not the only one at this!

johnthespacer
Chat Pages: 98  97  96  95  94  93  92  91  90  89  88  87  Older

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