Wood Group (john) Share Discussion Threads

[hazl] 30/1/2025 13:23

More likely a political issue at the time in my opinion.

However a company that has been going for years.

[hazl] 30/1/2025 13:21

It is good to see the gradual rise.
Seems healthier than sudden moves either way.

[thisisnotaspoon] 30/1/2025 13:01

The offers weren't turned down by shareholders, they were withdrawn by the bidders after going through the books.

[ianio5691] 30/1/2025 12:53

Someone with a deeper inside knowledge of the workings of WG, was posting last year that there was an anomaly or confusion regarding VAT on sub-contractor invoices.

I suspect or hope that this may be the crux of the issue.

Storm in a teacup and easily resolved if so.

I think the opportunity of weakness has been exploited by a couple of dubious hedge funds, that have been shorting.

Will have to buy back eventually, and could well create one hell of a spike if they have to do so during an offer period.

[kingston78] 30/1/2025 12:13

I doubt that there is a systematic problem. I suspect that there might be difference of opinion in accounting for revenue and costs relating to long term contract. It is more of a shifting between different accounting period whilst the totality remains the same over the length of the contract. One thing for sure is that there is no cash loss. Every accountant understands bank reconciliation. The bank statements don't lie.

There may also be some recommendations for improving accounting procedures in some areas.

In my opinion, that is the outcome of it. Nothing serious.

Meanwhile, the company is continuing to win commercial contracts in different parts of the world.

[packman8] 30/1/2025 11:07

They have already turned down bids of over £2, so no way they would accept £1 unless the review was negative.

[packman8] 30/1/2025 11:05

They have already turned down bids of over £2, so no way they would accept £1.

[kingston78] 30/1/2025 10:58

If another bid is coming the minimum offer price will be 100 p each share.

[ianio5691] 30/1/2025 09:29

Wouldn't surprise me if one of the previous suitors was taking advantage of the share price weakness and accumulating.
If, as we all hope, the review has not uncovered any serious irregularities - then I can see another bid coming.

[kingston78] 30/1/2025 09:08

It won't be long before the company publishes the findings of an independent review of its business. I don't think that there will be much negative impact. The share has been oversold.

[gripfit] 20/1/2025 16:35

Any body got any tips ??

[wendsworth] 20/1/2025 16:13

Although I don't see WG as a second PFC I do recall that company's BOD issuing a series of RNS regarding contract 'wins' as the share price sank.

[babbler] 20/1/2025 07:43

No but it does say significant.

[gripfit] 20/1/2025 07:09

Nice contract win .. however no numbers ..

[gripfit] 18/1/2025 18:00

Minimum £1

[gripfit] 18/1/2025 18:00

WG ,, due a verticle rise in price imho …

[morgancivils] 18/1/2025 10:48

It’s excellent to see another week of great wins – here’s this week’s round-up:

• bp - Selected to perform pulsation and mechanical analyses for reciprocating hydrogen compressors at Lingen Green Hydrogen project (Germany

• Dana Petroleum – 2-year extension of operations and maintenance services contract.


• Serica Energy – Phase 1 of Flare Gas Recovery (EPC) contract for Bruce Asset in Northern North Sea, Scotland.

• Shell ONEGas – Provision of maintAI to deliver preventive maintenance optimisation for UK assets.


• University of Melbourne – awarded concept & full detailed design and technical assistance of a new multi-disciplinary research hub.

[kingston78] 17/1/2025 08:12

Even a dead duck like Vistry has revived. John Wood is better than that.

[jnbrw] 14/1/2025 14:44

Mkt does Chris crazy things otherwise there would never be any bargainsShorters trying to hold it back ( won't be able to forever)Mkts go up and down irrationally ( buy low sell high)( Choose any of the above!)

[gripfit] 14/1/2025 14:28

Is that not insider buying ???whys the mkt not having it?

[rogerrail] 14/1/2025 14:14

You can sign up for free.In essence Abrdn have met with the management and are buying.

[jnbrw] 14/1/2025 12:42

It's on the other bb. Basically, fall overdone, spoken to mgmt, decided to buy more shares/ increased hldg.