Wood Group (john) Share Discussion Threads

[tsmith2] 05/12/2024 08:00

70 plus today?

[hamhamham1] 05/12/2024 07:02

Wood Group (John) PLC
5 December 2024

Wood signs a trio of global engineering and project delivery agreements with bp

John Wood Group PLC ('Wood' or 'the Company') has signed three major agreements with bp to provide engineering and project delivery services for their capital projects worldwide.

The contracts cover a new master services agreement (MSA) for engineering, procurement and construction management (EPCm) services as well as two extensions to existing long-term frameworks for the provision of conceptual engineering and Pre-FEED/FEED (front end engineering and design).

The new EPCm agreement will run for an initial term of three years with the potential for extensions of an additional four years. Meanwhile the conceptual engineering and pre-FEED/FEED frameworks have been extended for an additional three years each.

The agreements cover all of bp's business units and will see Wood providing support for offshore and onshore assets within the upstream, midstream and downstream energy markets. The deals build on a decades-long successful partnership between the two companies and is in addition to a multi-region asset management agreement signed in September 2022.

The new frameworks will help to drive efficient and predictable delivery outcomes for bp global projects worldwide and will see Wood providing a clear focus on digitally enabled delivery as well as asset decarbonisation.

Ken Gilmartin, Wood's CEO said:

"We are delighted to enhance our partnership with bp, which continues to go from strength-to-strength. As a company we thrive in supporting our clients to deliver some of the most complex and challenging projects in the energy and materials markets and we look forward to working with bp to support the full lifecycle of capital projects worldwide."

[hamhamham1] 04/12/2024 19:20

They forecast EBITDA to be a couple of hundred million.
This isn't a dead duck.
They writing off a load of old contract value, they selling assets, and will come out of this leaner and meaner.
Prob only a billion pound company, not several billion, as before, but will stand on its own two feet or be bought up for 150p approx share price
But is still a punt, hence where the share price is.
Fingers crossed, GLA.

[heialex1] 04/12/2024 18:46

Definitely feels like the fear that collapsed the price is fading; a recovery to at least 100 is on the cards

[hamhamham1] 04/12/2024 15:25

I sold my Direct Line today, they jumped 50% over past week or so, now feels like a coin flip of 10% upside or 40% downside.
I have learnt to not be too greedy when it comes to offers on the table, it seems they don't always follow through ;)
But equally I sold RR. for a couple of quid, doh!

IMO, I prob got 9 or 10 risky punts in the above list, but they defo at the 1% end of backing.

I try and avoid companies with big debts, but you can spot a few of the above who have outsized debt (MARS, WG., MCG, SDY, VTY, WIZZ) fingers crossed. And a couple are tied to the Nigerian niara (CABP, PZC) to a certain extent. And one where war (FXPO) is the big risk. - Oh, and one where FCA outcomes (CBG) is the pivotal call.

At the end of the day, all investments are risks, for me, it's just about managing the risk and there is no such thing as a dead cert!

[hazl] 04/12/2024 15:12

Well we haven two in common then ham ham.
I won't say which one in that it's risky for a person new to it, I think.

[hamhamham1] 04/12/2024 15:07

My current list, with between 1% and 3.5% (of pot total) on any one share...


ABRDN
BURBERRY GROUP
CAB PAYMENTS HOLDINGS
CLOSE BROS GROUP
COSTAIN
CVS GROUP
DR. MARTENS
EASYJET
FDM GROUP
FERREXPO
HALFORDS
IG DESIGN GROUP
INTL CONS AIRLINE
ITV
JD SPORTS
JOHN WOOD (ie WG,)
KIER
MARSTONS
METALS EXPLORATIONS
MOBICO GROUP
ON THE BEACH
PERSIMMON
PRUDENTIAL
PZ CUSSONS
RANK GROUP
REACH
SEVERFIELD
SMITHS NEWS
SPEEDY HIRE
STAFFLINE
TRAVIS PERKINS
VIDENDUM
VISTRY GROUP
WATCHES OF SWITZERLAND
WICKES GROUP
WIZZ AIR
YOUGOV

[hamhamham1] 04/12/2024 15:01

A quid again in a couple of weeks IMO.

[hazl] 04/12/2024 15:01

If you go to investegate.com every morning at 7 onwards you will see which shares get a lot of attention over the day.
I rarely take any notice of bb for choosing my investments, though posters might alert you to a particular candidate,always look at the fundamentals.

Personally, don't know about everybody else, the macro....overview, what's happening everywhere, is more important probably, and tells you which sector is good or which to avoid, at any particular time.


IMO

[hazl] 04/12/2024 14:56

Nothing is risk free spoon.
I would be very careful not lose your little nest egg if you're new to this game.

[thisisnotaspoon] 04/12/2024 14:44

I'm relatively new to having a stocks and shares ISA after having a bit of a bumper year of work last year and getting to a point where I can save a significant amount of money into each month. Saving for early retirement in ~20 years so can take a few risks.How do you guys find stocks like Wood when it's in this state? Luck?I'd been watching it for a while after the two takeover bids thinking it might be worth buying at 120p anticipating it jumping again at some point, luckily my procrastination seems to have been a good thing for once if it jumps back up!Being sensible most of my money is still in ETF's, although I sold a few of the poorer performing ones to buy these shares.

[hazl] 04/12/2024 14:22

You have brought us luck Mirabeau!

Good to have you onboard.

[lawson27] 04/12/2024 13:21

Just how far is she going to pop, i wonder?

[kingston78] 04/12/2024 11:46

Maybe the wordings of the dreadful announcement spooked a lot of people who sold heavily. It matters not if there are found to be restatement of prior year figures. The main thing for a business is cash flow. If no cash has been lost, and even if more provisions need to be made for long term contracts, a sustainable cash flow will see through difficult times. The company will survive and grow stronger from here, having learnt the lessons. There may be a change of management or whatever, but in terms of the share price this is the beginning of an upward journey, albeit gradually. The share will fill the falling gap.

[wellbutpoor] 04/12/2024 09:09

Kingston hope your right - there's a nice cup and handle formed!

[kingston78] 04/12/2024 08:21

It will break 60 p today and then march towards 75 p.

[wellbutpoor] 04/12/2024 08:05

spoon - just gotta make sure you're 'in' when the right news comes

[d1nga] 03/12/2024 22:24

You might get lucky, you probably won't.

That's the nature of the game

Play by your own rules 😎

[thisisnotaspoon] 03/12/2024 22:03

What's the likelihood of it bouncing back down to ~52p again? Debating whether to buy more shares now if it's not going to go down again before any news. Or wait for it to dip again? Option 3 is sell and buy again if it dips but seems silly to miss out if any good-ish news is published.

[kingston78] 03/12/2024 13:35

When institutional investors buy these shares the price will motor.