Posted at 13/4/2025 22:04 by levinson1 More sense on lse board : More Data, More Tools Register for FREE Share PricesWood Group (J) Share PricePin to quick picksWood Group (J) Share Price (WG.)WG. Share PriceWG. SharePriceWG. Share NewsWG. ShareNewsWG. Share ChatWG. ShareChat154WG. Share TradesWG. ShareTrades726WG. Live RNSWG.Live RNSSponsored ContentWood Group (J) Information Add WG. to TimelineAdd WG. to TimelineAdd WG. to WatchlistAdd WG. to WatchlistAdd WG. to AlertAdd WG. to AlertBuy WG. SharesBuy WG. SharesShare Price Information for Wood Group (J) (WG.)London Stock Exchange Share Price is delayed by 15 minutesGet Live DataShare Price:25.00Bid:24.98Ask:25.08Change:0.24 (0.97%) Spread: 0.10 (0.40%) Open: 24.88 High: 25.32 Low: 23.78 Prev. Close: 24.76WG. Live PriceLast checked at 22:04:16Sponsored Content Wood Group (john) Plc Ord 4 2/7pWood Group (J) is listed in the FTSE All-Share, FTSE 350 Low Yield, FTSE 250, FTSE 350 indices.Wood Group (J) is listed in the Fossil Fuels sector.Wood Group (john) Plc Ord 4 2/7p is listed on the London Stock Exchange trading with ticker code WG..L. It has a market capitalisation of £171.87m, with approximately 687.49m shares in issue. Over the last year, Wood Group (J) share price has been traded in a range of 192.00, hitting a high of 213.20, and a low of 21.20.Wood Group plc, now known as Wood, is a prominent British multinational company operating in the energy sector. With its headquarters in the United Kingdom, Wood provides a wide range of services to clients in the oil and gas, renewable energy, and infrastructure industries. The company specializes in engineering, consulting, project management, and operations support. Wood is recognized for its expertise in delivering innovative solutions that optimize performance, enhance efficiency, and ensure sustainability. With a global presence and a talented workforce, Wood plc continues to be a trusted partner in the energy industry, contributing to the development of vital projects worldwide. Get Wood Group (J) Live PricesVisit our premium services page, and subscribe to one of our Premium packages.Subscribe for Wood Group (J) Live PricesLatest Wood Group (J) VideoWhat's Hot 25th February 20...25th February 2025 Other Videos You Might LikeWhat's Hot 18th March 202518th March 2025 TescoSponsored ContentIntraday Wood Group (J) Share ChartChartLine chart with 0 data points.The chart has 1 X axis displaying Time. Data ranges from 1970-01-01 01:00:00 to 2025-04-13 17:30:00.The chart has 2 Y axes displaying values and values.No Chart DataTimezone: Europe/London - Charts by London South EastEnd of interactive chart.Wood Group (J) Share PricePrice 25.00Bid 24.98Ask 25.08Change 0.24 (0.97%)Volume 6,612,373Open 24.88High 25.32Low 23.78Prev. Close 24.763 Month Wood Group (J) Share GraphChartCombination chart with 2 data series.The chart has 1 X axis displaying Time. Data ranges from 2025-01-13 01:00:00 to 2025-04-11 01:00:00.The chart has 2 Y axes displaying values and values.03 Feb03 Mar31 Mar2040608030507090Charts by London South EastEnd of interactive chart.Currency GBXIssue Country GBShares in Issue 687.49mMarket Capitalisation £171.87mMarket Size 15,00052 Week High 213.2052 Week High Date 26-Jul-202452 Week Low 21.2052 Week Low Date 17-Feb-2025# Trades 726Vol. Sold 2,596,076Sold Value £540.58kVol. Bought 3,916,616Bought Value £770.68kPE Ratio -1.97701Earnings -12.64536Dividend 0.00Yield 0.00% Add WG. to WatchlistAdd WG. to WatchlistWhat if I invested £1,000 in Wood Group (J)? 1 month ago 3 months ago 6 months ago 1 year agoWood Group (J) £646.33 -35.37% £399.36 -60.06% £195.16 -80.48% £178.57 -82.14%London South East Users info for Wood Group (J)Users who watch WG. also watch: BP, Lloyds, Rolls-Royce, Barclays, Vodafone, Petrofac, BT, Tullow Oil, Legal & General, Tesco.Users who hold WG. also hold: BP, Lloyds, Vodafone, Barclays, Legal & General, Taylor Wimpey, Glaxosmithkline, National Grid, Tesco, BT.Recent Share Trades for Wood Group (J) (WG.)Date Time Trade Prc Volume Buy/Sell Bid Ask Value 11-Apr-25 17:20:10 25.00 22,856 Buy* 24.98 25.08 5,714 O 11-Apr-25 16:35:24 25.00 334,327 Buy* 24.98 25.08 83.58k UT 11-Apr-25 16:26:14 24.98 10,992 Sell* 24.96 25.02 2,746 A 11-Apr-25 16:26:14 24.98 4,008 Sell* 24.96 25.02 1,001 A 11-Apr-25 16:26:14 25.00 12,025 Sell* 24.96 25.02 3,006 A 11-Apr-25 16:26:03 25.00 15,000 Sell* 25.00 25.20 3,750 A 11-Apr-25 16:25:58 25.00 15,000 Sell* 24.96 25.10 3,750 A 11-Apr-25 16:25:58 25.06 413 Buy* 25.00 25.20 103.50 A 11-Apr-25 16:24:43 25.125 6,300 Buy* 24.96 25.20 1,583 O 11-Apr-25 16:24:18 25.125 812 Buy* 24.96 25.26 204.02 O View more Wood Group (J) trades×Directors Deals for Wood Group (J) (WG.)Announced Traded Action Notifier Price Currency Amount Holding21-Mar-25 20-Mar-25 Transfer From Ken Gilmartin 0.00 7,625 1,251,62121-Mar-25 20-Mar-25 Buy Ken Gilmartin 43.90 GBX 15,249 1,251,62121-Feb-25 20-Feb-25 Buy Ken Gilmartin 25.31 GBX 26,451 1,228,74721-Feb-25 20-Feb-25 Transfer From Ken Gilmartin 0.00 13,225 1,228,74717-Jan-25 16-Jan-25 Buy Ken Gilmartin 64.97 GBX 10,305 1,189,071View more Wood Group (J) directors dealsShare Discussion for Wood Group (J) (WG.)LucaMacLeodPosts: 106Price: 25.00No OpinionRE: 8 Possible ScenariosToday 21:35Longfield, this is the info that I have found regarding an extension going into suspension.If there's a regulatory deadline (e.g., "put up or shut up" rules requiring a bidder to announce a firm intention by a certain date), a suspension may effectively pause the countdown, delaying the deadline.In that case, an extension might be granted as a result of the suspension, but usually, it's a formal process: the bidder or target company must request it from the relevant authority.ReplylongfellPosts: 4,300Price: 25.00No OpinionRE: 8 Possible ScenariosToday 21:29James, there seems to be an agreed consensus that an extension cannot be granted through suspension. I thought you were a finance professional but you haven't commented on this?ReplyJamesOxfordPosts: 1,543Price: 25.00No Opinion8 Possible ScenariosToday 21:06Wood as a company has a habit of scoring 'own goals' lately. Conversely, those same 'own goals' make Wood a very cheap buy for Sidara right now.At the moment, as I see it, there are 8 possible scenarios!1. On or before 17 April: Sidara makes a formal cash offer offer without caveats to close the deal. A deal Wood cannot refuse; or a couple of back-and-forths before 5pm 17 April and deal done. End game.2. On or before 17 April: Sidara makes a formal offer subject to audited accounts. Wood takes Sidara's offer under consideration. Wood can then choose whether or not to request an extension. If an extension is granted, Sidara and Wood continue negotiations while Wood shares are in suspension (no more Wood roller-coaster rides on share price). The Sidara deal would probably be agreed while Wood shares are in suspension, in which case when Wood shareholders vote in favour, Wood shareholders who remain invested during Wood suspension receive cash for their shares. End game.3. Sidara make no offer before 17 April but Sidara requests an extension instead. Then, 3A OR 3B applies:3A. Sidara and Wood agree an extension in order for Wood to adjust and publish audited accounts. These accounts are reviewed by Sidara who then makes a formal cash offer for all of Wood and buys out Wood shareholders while Wood is in suspension. End game.3B. Sidara takes a real risk in that Wood could decline, and instead use the Wood suspension as an opportunity to adjust then reinstate audited accounts, improve its business and financial situation as well as regain much needed trust and confidence with stakeholders, employees and shareholders via RNS updates etc. while the Wood shares are in suspension, which ought to drive the Wood share price up when it comes out of suspension. Result: Wood is more attractive to bidders, or does not desire to sell.4. On or before 17 April: Sidara walks away without any offer, and cannot return for another 6 months. Then, 4A OR 4B applies:4A. Sidara re-enters in 6 months and reviews Wood's audited accounts, and then makes a formal cash offer for all of Wood. End game.4B. If Sidara walks on or before 17 April, Wood does not entertain any further interest from Sidara, and instead focus on the improvement of its business and finances. After the Wood suspension, the Wood share price increases significantly, and Wood re-enters FTSE 250 within 3-6 months after suspension finishes. Other bidders may come out of the woodwork.Hopefully Scenario 1 is announced 7am Monday 14 April. Let's see what tomorrow brings...IMO
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Posted at 05/4/2025 17:39 by levinson1 A balanced view today on LSE board today : view: Wood Group shares plunge againTakeover talks are ongoing, but Wood Group shares will likely be suspended at the end of April as it works to complete its accounts for 2024. We assess prospects.31st March 2025 11:32Keith Bowman from interactive investorShareRelated InvestmentsWG.7.29%PFC4.56%.Business updateii round-up:Make the most of your pension with £100-£3,000 cashbackOpen a SIPP todayCapital at risk. Offer ends 5 April 2025. Min deposit £10,000. Terms and fees apply.Oil industry engineer John Wood GroupWG.7.29% today announced expected adjustments to prior year accounts following an independent audit review which found material weaknesses and failures in the company's financial culture. Due to the timing of the review and required prior year adjustments, as well as the extensive work required to conclude the audit, Wood Group now expects its accounts for 2024 will not be published by the 30 April deadline. In that case, Wood Group shares would then be suspended from trading while it finishes number crunching.Wood Group remains in discussions with Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, referred to as Sidara, about a possible cash offer for the company. Shares in the FTSE 250 firm plunged 30% in UK trading having come into this latest news down around 70% over the last year. Rival Petrofac Ltd PFC4.56% is down 79% over that time. The FTSE 250 index has fallen 0.6% over the last year. Invest with ii: What is a Managed ISA? | Open a Managed ISA | Transfer an ISAWood Group's expertise stretches from oil and gas pipeline design to wind turbine and tidal energy projects. The group flagged significant changes to key roles in financial management already made, plus plans to continue strengthening the company's financial culture, governance and controls.Wood Group does not currently expect any material impact from the Audit Review on the company's ability to generate cash in future. Management remains in constructive talks with the group's lenders regarding refinancing options and will engage with lenders in respect of the timing of its 2024 accounts, including putting in place appropriate pre-emptive waivers under its committed debt facilities.Dubai's Sidara still has until 5pm on 17 April to announce a firm intention to make an offer for Wood in accordance with the takeover rules. There remains no certainty that an offer will be made. ii view:Headquartered in Aberdeen, Wood operates across the three divisions of projects, such as laying new pipelines; operations, which maintains customer facilities; and engineering consultancy. Projects and Operations each generated just over 40% of revenues during 2023, with Consultancy Services the balance. Geographically, the USA generated most sales in 2023 at 24%. Other major contributors included the UK at 13%, Canada 6%, Australia 5% and Saudi Arabia at 4%.For investors, expected prior year accounting adjustments could hinder current and future financial performance. Wood Group shares could be suspended from trading for an unknown period of time. Expected year-end group net debt of $690 million (£531 million) compares to a current stock market value of £188 million. Most of the Group's debt facilities mature in October 2026. Sidara could decide not to make an offer for Wood Group, while the uncertain economic outlook continues to cast a shadow over energy demand and therefore required infrastructure spend. The Week Ahead: YouGov, Raspberry Pi, SSEStockwatch: two AIM shares that look oversoldShares for the future: I think my final new stock is good valueMore favourably, an agreed takeover bid for Wood Group could yet be made. A refreshed strategy includes simplifying the business and targeting cost savings. Both geographical and business diversity exist. A $6.2 billion order book at 31 December 2024 was up from $5.4 billion in late September, while management remain confident that Deloitte's findings will have no material impact on the company's ability to generate cash in the future.For now, corrective management actions continue, while there could also be a takeover, if at an unknown price. However, significant uncertainties, including the possible suspension of share trading, remain an overhang, which means Wood Group is still a very speculative investment only for those with a high tolerance for risk.Positives: Pursuing energy transition contractsSubject to a possible takeover Negatives:Deloitte accounting reviewUnderlying customer investment can be volatile and uncertainThe average rating of stock market analysts:Strong holdThese articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.Related Categories
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