Wood Group (john) Share Discussion Threads

[totalgeek69] 21/11/2024 11:47

Well done to both of you... As I said a few days ago it looks like 49p is the bottom and support is slightly higher whilst we await some kind of holding RNS or clarification on the auditor review. Barring catastrophic news in the review I would say most of the bad news is baked in.

[tomboyb] 21/11/2024 10:47

Took a few back below 50p -

[bri15] 21/11/2024 09:57

The Bod of this company are a disgrace for allowing the drop to happen and should have issued a statement in support of the employees and shareholders,then resigned!

[bri15] 21/11/2024 09:44

Market cap £343 million,bids not too long ago for multiple of this,these bidders would have done thier homework.

[bri15] 21/11/2024 09:42

Don't forget only one large holder has sold,all others still holding,ask yourself why.

[bri15] 21/11/2024 09:39

Well I am delighted to have got a load more under 50, buy and hold, ignore the deramping as this is a Ftse 250 company that is worth over a £ billion,a buyer will come for this, definitely.

[jo2362] 21/11/2024 09:28

No. This will make new all time lows soon

[shark fund] 20/11/2024 15:59

Do we reckon this is the bottom or one final flush out? Chart beginning to look interesting....

[hazl] 20/11/2024 15:40

Yes but many stocks that were up earlier are down this afternoon.



It's the US dropping on sentiment doing it,rather than stock specific.
Look at SMT another of mine just the same.


IMO

[the codger] 20/11/2024 15:30

Down down deeper and down

[forwood] 20/11/2024 15:21

Not that I place too much on hourly chart head & shoulders *(strictly they should be on a daily), but there has been one in play today, as can be seen below. The target drop is 50.5

[forwood] 20/11/2024 13:10

Guessing they could claim it back through future VAT returns.

[pearl jam] 20/11/2024 11:46

Can this be true :-)

[eddie jackson] 20/11/2024 11:26

Anyone know the arrangements around Vat ??? how would a company deal with a huge overpayment and how would an audit deal with it.

[eddie jackson] 20/11/2024 11:09

From Telegram just now - could this be right ?? someone saying Wood Group may be due a large VAT rebate in the last 2 years.

[davius] 20/11/2024 09:01

Chart analysis: what future holds for John Wood

Just weeks after the troubled engineering consultant sank to a new low, independent analyst Alistair Strang has run his software and come up with some new forecasts.

20th November 2024 07:15

by Alistair Strang
from Trends and Targets

The behaviour of the John Wood Group share price has proved how things can go wrong. When we wrote about Wood in March 2023, the share price was about 217p, and our last paragraph ended with a ridiculous looking 38p!

We didn’t believe the possibility, and our eyebrows shot up when the price hit 46p the other day.

There’s little doubt the share price is probably in the region where internet chatrooms are recommending “it will never be as cheap again”, and so on. Of course, the company had also experienced a takeover bid, just before everything went horribly wrong.

From an immediate perspective, movements next below 46p now point at a potential rebound level of 41p. Should such a level break, the best we can do is propose an ultimate bottom of 13p.

If this share price intends to claw its way out of trouble, we shall be inclined to regard above 56p as owning some potentials for triggering movement to an initial tame 58.7p. Should such a level be exceeded, our secondary works out at 67p with a third level ambition an eventual 80p.

Visually, there’s a pretty big problem with these target levels as they come nowhere close to bettering the immediate short-term Blue downtrend.

Perhaps it shall prove to be the case where game changing news shall be required to actually gap the share price upward at the open. We will be inclined to view such a movement as extremely significant, one which should preface some proper price recovery for the longer term. Everything depends on the outcome of Deloitte's independent review of the business.

[hazl] 20/11/2024 08:27

Yes agree.

[totalgeek69] 19/11/2024 16:06

Share price and buy sell action is very interesting here... Obviously divided opinions... But looks like 49 is the bottom and there is support higher..

[tsmith2] 19/11/2024 10:55

roll over too

[totalgeek69] 19/11/2024 10:41

Nah... That was from last night..

[totalgeek69] 19/11/2024 10:40

And just now 2.2million bought.

[totalgeek69] 19/11/2024 10:25

Nice 150k trade there...

[hazl] 19/11/2024 09:39

Every little helps.

[tsmith2] 18/11/2024 21:55

Same again today

[kirk 6] 18/11/2024 17:24

Looking good now