Wood Group (john) Share Discussion Threads

[chillwill] 15/9/2009 15:49

not sure ch1ck... petrofac are predicting pretty high growth whereas wg. remain a bit flat & with a reduction capex, the scope for growth isn't there.

however, it'd still say buying below 300p should provide gains and provide a decent price for longer-term holders.

[ch1ck] 15/9/2009 11:20

Did a bit of analasis on the oil support stocks over the weekend and I believe Wood Group is a bit of an overlooked gem which is lagging the Petrofac, Rortork and Huntings of this world.

Bought a few thousand this morning, expecting big things in the future.

[slim9] 10/9/2009 11:34

Europe oil sector upped at Morgan StanleyExplore related topics
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[yakin] 09/9/2009 12:24

JP Morgan upgraded overweight from neutral.

[blueliner] 26/8/2009 22:06

Just read thru them, notice their debt down $60M or so, but not shouting about it.

Wonder if the Venture takeover will affect them, assume all these N sea operations
are on long term contracts with relevant clauses - its not something you can just be sacked from with a telephone call

[silverfern] 26/8/2009 22:02

the results were out today. It is not PI company and I only post this to get views not diatribe.

[slim9] 24/8/2009 09:08

PFC good results

[chillwill] 13/8/2009 09:29

Lets see if it can make my target! Plenty of results in the sector in the last week or so of August (inc WG.)

[silverfern] 24/7/2009 10:34

Wendsworth - you trust the UK Govt to own Lloy? here's a scenario - Tories in early next year and they sell their holding at discount to their sponsors (ie the City). Why? because they are against public ownership and bringing in any revenue in year one helps manage the first painful budget deficit. Share price tanks as a result of the discounted sell off. Good luck

[wendsworth] 23/7/2009 18:36

silverfern: You could well be right. Good luck. I've taken my profit and invested in my CORE holding which is LLoy. See the latter as a potential 'three bagger' BUT cannot say the same about WG.

One thing's for certain WG can on occasions move QUICKLY in either direction!

[silverfern] 23/7/2009 18:02

wends: thanks, but I see the US economy is the bigger driver. The statement issued in May is key I think: " The contract is not material to the company and will not affect 2009 trading", the spokeswoman said. How can you disgaree with'spokeswoman'?

[chillwill] 23/7/2009 13:03

You are worried about Venzuela... yet you'll buy back in under £2.50?

I'm holding on, in at 2.53 (had a long on spreads from 232 - 255 as well) so they're doing me ok, looking to hold until the end of August - hopefully be £3+ by then.

[wendsworth] 23/7/2009 12:21

silverfern : Have just sold my entire holding for a quick 12.5% return. Don't particularly like the news from Venzuela.

Will monitor and look to buy back in sub 250p.

[silverfern] 17/7/2009 10:57

No. Small trader volume prob. The correlation between PFC price and WG. seems broken right now. I'm holding to see whether this bucks back up after summer - I see 320p as mid term postion as oil stablises and investmet picks up.

[miss womble] 17/7/2009 08:19

What a strange selling pattern this morning, anybody got an explanation.

[chillwill] 01/7/2009 12:52

optimism there lol! Mining index up closer to 16000 would help it get up to 300 and beyond. Managed to get some at 253.4p a couple of days ago, so pretty pleased so far :)

[shammytime] 01/7/2009 07:41

-Market conditions remain broadly similar to those outlined in previous guidance.
-Longer term market fundamentals for services and products remain strong.
-Continues to extend services and broaden international presence.
-To ensure company is well positioned to resume good growth as energy market recovers.

Very nice - I'd expect this to be back at 300 today

[jonnyp2004] 30/6/2009 14:58

Are we seeing a little Petrofac magic rub off on Wood here?

[chillwill] 22/6/2009 13:11

starting to look more tempting... don't want to be catching a falling knife though.

[slim9] 07/6/2009 14:46

Ol services group Wood raised its 2008 dividend – and current consensus forecasts indicate a further uplift is likely in 2009.

The shares are yielding just 1.9%, so there is still plenty of scope for the company to increase its payout, as the dividend is more than 4 times covered by earnings. The shares are now trading on a December 2009 earnings multiple of 11.8 times, which is a discount to peer Petrofac, which is trading on a forward multiple of 12.6 times. Buy Wood says the Telegraph.

[dasv] 04/6/2009 14:03

Stopped out at 296p

[dasv] 01/6/2009 16:35

interesting price movement today. Amec bid? crude price? Economic recovery? playing catch-up with peers - e.g. PFC?

[blogit] 31/5/2009 15:37

Interesting piece on Wood here... www.tradinghelpdesk.com

[saltaire111] 26/5/2009 21:15

AMEC bid coming?

[philo124] 26/5/2009 17:49

Good Progress!