Wood Group (john) Share Discussion Threads

[netcurtains] 21/3/2024 08:32

where the results OK?

[packman8] 21/3/2024 07:55

Gargoyle2 Jobs to cut are white collar office jobs not offshore jobs.

[chutes01] 20/3/2024 23:10

I expect another bombshell drop, shareholders wiped out. It was always acknowlwdged Gilmartin was the fall guy, brought in as a smoke screen for the accounting & Operational issues.
We shall see soon ...

[packman8] 20/3/2024 22:33

Results out next week, see how things look then.

[chutes01] 20/3/2024 17:48

One more AFW legacy claim and this is bust.

[chutes01] 20/3/2024 17:47

Business in trouble, will it survive
Massive bonus' just paid out ....
Dismissing the Apollo bid may have been the final mistake this lot made
We will find out in coming weeks

[gargoyle2] 20/3/2024 17:42

www.news.sky.com/story/oil-engineer-wood-group-to-cut-hundreds-of-jobs-13098692

[heialex1] 19/3/2024 22:53

Much healthierWill trend upwards over timeStill a great recovery play

[packman8] 15/3/2024 08:22

They rejected 237p last year.Why do you think they would accept 200p now? Company is in a lot healthier position today.

[jsg123] 14/3/2024 09:14

He's like that patient let out the ward for day trip to the shopping centre, and walks along talking to himself.

[iconista] 14/3/2024 08:47

I'm curious as to why Chutes is putting so much effort into persuading investors to sell right now.

[chutes01] 14/3/2024 01:06

Times up for Wood as further legacy claims loom
No value left for shareholders

[chutes01] 12/3/2024 15:28

Apollo walked away

[packman8] 12/3/2024 15:13

Just over a year ago that the bid of £2.37 from Apollo was rejected. Company is in a better position than it was then.

[chutes01] 12/3/2024 13:53

MC reduced to 950 Mio now, no value left for shareholders now
Only a gravy train for Directors and Mid-Management to rip, massive bonuses just been paid out.
Disgrace of Watson & Co.
Only question is, how long will it survive from here, another legacy train wreck and its over quick.

[chutes01] 10/3/2024 11:46

Nothing left for shareholders now
A sad mess after all the silvers been robbed

[gargoyle2] 09/3/2024 14:35

Melrose is an aerospace company now - they no longer have a 'buy, turnaround, sell' strategy. Wood could well get taken over imo, but it won't be by Melrose.

[regina124] 09/3/2024 12:05

Given the excellent figures from Melrose this week and their intelligent buying of struggling Company, may be a look at Wood could be on the card. Wood is trading reasonably well and likely to be profitable this year- so an excellent bid target to buy/turn round/ sell and distribute cask
I am a holder of both shares and this is my personal view.
Good luck to all shareholders.

[jsg123] 06/3/2024 22:36

Thanks Gargoyle
Really helpful, the ebitda is a bit misleading.
Not sure why the company emphasise the ebitda in their updates.

[gargoyle2] 06/3/2024 18:42

Fidelity just went over 11%, so they clearly don't agree with that view, chutes.

Jsg123, Share-pad have forecast EBIT (same as operating profit, I think) for 2023 as $195.8m. Post-tax profit is estimated at $26.6m. Stocko-pedia have net profit at $41.8m

For 2024, the numbers are much better. $96.1m post tax profit in Share-pad, $95.3m net profit in Stocko-pedia.

[chutes01] 06/3/2024 15:29

expect further legacy shocks, not much left for holders now, another bumper bonus season again though, snouts in the trough.

[jsg123] 06/3/2024 14:57

Is this being kept down because of PFC or is something afoot?

Also does anyone know what their operating profit is due to be, not the stated ebitda?

I can't seem to find whether they are forecast to be in net profit.