Wood Group (john) Share Discussion Threads

[kirk 6] 13/11/2024 17:40

All depends what this audit concludes with not been exactly honest have they.

[totalgeek69] 13/11/2024 17:05

From the annual report....As of 31 December 2023, the Group's principal debt facilities comprise a $1,200.0m revolving credit facility maturing in October 2026Current debt is approx 900m and as I stated in my previous post they are Cash Flow positive..Could you explain how much your expecting this review of governance and controls to affect the balance sheet?

[kirk 6] 13/11/2024 16:30

He could be right a lot of debt - see what this audit brings up

[totalgeek69] 13/11/2024 16:15

It is Cash Flow positive and debts are being serviced. Explain how you come to your wild conclusion.

[chutes01] 13/11/2024 16:05

It’s over
Break up is the only way out now due to debt pile
Shareholders will be wiped out

[wellbutpoor] 13/11/2024 15:54

Totalgeek69

If there's a hostile T/O coming then the buyer will need the support of a number of major shareholders. Speed of execution will be critical.

The Franklin holding could be one of the first notifications.

It could get interesting...rather be in this than not - share price could double overnight.

[totalgeek69] 13/11/2024 13:18

Judging by the Buy/Sell action these last few days I suspect Franklin Mutual are out. I could be wrong but surely selling 35 million shares should lead to a TR1 holding RNS from a buyer.. Yesterday there was some very large OTC trades. What is everyone's thoughts?

[mj19] 13/11/2024 12:48

So the game is buy ticks up sell repeat until news

[volsung] 13/11/2024 12:36

Johnny Johnny
Yes papa
Eating sugar?
No papa
Open your mouth
Ha ha ha

[kingston78] 13/11/2024 10:33

Cash flow is more important than the intangibles on the balance sheet. Cash is king.

[dealy] 13/11/2024 10:29

If you write down the value of assets for whatever reason and are left with goodwill on the balance sheet - well it doesn't matter as long as the company can generate cash from operations and service it's debt. If a company has 6 billion of revenue and has normal margins then it should be able to show a 10-year business plan that generates cash based its position in the market (reputation, capabilities, contracts, licenses, technology etc etc).

[davius] 13/11/2024 09:34

There's a long article re Wood on II from yesterday morning, summary at the end follows:

There looks a fair chance that risks linked to the accounting review are (more than) priced in. However, there is no margin of safety given $2.6 billion of net assets is covered 132% by goodwill and intangibles.

If the CFO was to buy significant shares, that would be a trigger. As yet, none of the directors has bought after this plunge.

It may renew takeover interest, however, once the review is published. Enough shareholders may be willing to remove a blot from their portfolios; even a recent buyer, Franklin Mutual, halved its stake to 2.5% in response to the update at around the share price lows.

The stance is thus now – to me – a fudge of “hold” where reasons exist still to anticipate upside, yet the situation has become too risky to rate an investment-grade “buy”.

Speculators appear to predominate in early dealings today with the price edging up 1p to 63p.

[morgancivils] 13/11/2024 09:22

We could see a little rise tomorrow as all the Woods employees shares SIPS get purchased tomorrow (Millions!)

[smraynot] 13/11/2024 08:49

SEA about to fly.

[volsung] 13/11/2024 08:44

Daddy finger daddy finger
Where are you?
Here I am
Here I am
How do you do?

[jon12345] 13/11/2024 08:37

suspect a few million still left to be dumped into the rise later

[bri15] 13/11/2024 08:12

I certainly not desperate arc, bottom hit yesterday and as you can see buyers piling in now,few days/week's and share price will be much higher.

[arcteryx] 13/11/2024 08:02

Jeez bri15 you beginning to sound desperate mate

[tsmith2] 13/11/2024 07:51

there was a general risk off sell off late afternoon yesterday

[bri15] 13/11/2024 07:49

Well Letsgo5 said bad news coming today and guess what, nothing,he is just another shorter deramping for his own gain, that's the main reason the share price is down at this level,I will be buying more down here, thanks shorters for allowing me to get in at a brilliant price.

[hazl] 13/11/2024 06:44

I hope before then something positive!

[mj19] 13/11/2024 00:38

Sidara will be back in March 2025 with another bid... mark my words

[kingston78] 12/11/2024 18:45

Bad news is good news for the share price of Wood Group, as it has already been priced in.

[the codger] 12/11/2024 17:49

Kirk,indi?