Wood Group (john) Share Discussion Threads

[pip] 15/7/2011 08:37

Have people received their C Share bonus dividend yet? Thought it was supposed to be yesterday.

[broshm] 08/7/2011 09:52

can someone give a report on the value of these shares relative to what it was say , 1st April ? was there any added value due to the ' payback' ?

[jack parlabane] 14/6/2011 14:54

So...what does the latest stage of the "cash return" bring us?

£1.40 a share and a reduction of our holdings by 7/9ths...(which is £1.44 per share at current prices)

Or have i read it wrongly??

[jack parlabane] 02/6/2011 15:53

Nice turn around.

[saget] 02/6/2011 11:28

I'm not sure, but the market doesn't seem to like it...

[jack parlabane] 02/6/2011 08:38

Hmmmmm...so...what do we reckon share offer "B" will consist of???

[broshm] 31/5/2011 09:30

buy back by AZN , share price up 0.8%

[broshm] 24/5/2011 16:54

any bets as to what will happen to the share price after the buy back/ cancellation ? Will the company be " worth the same value" after cancelling 30% of the shares . There will certainly be a change of cash in hand .

[broshm] 23/5/2011 16:47

fairly large volume at 625, is it due for the next level down ? so much for the cash return .

[strollingmolby] 21/5/2011 22:15

I posted my take on the tender offer over here:



Does anyone else concur, or have an alternative view?

[geeff] 21/5/2011 15:50

THIS CO. MUST HAVE MONEY TO BURN,THIS IS THE CRAZIEST AND MOST COMPLICATED CORPORATE ACTION DOCUMENT I HAVE SEEN. THESE GUYS WILL EXPECT TO BE PAID TO ADVISE SHAREHOLDERS TO DO WHAT?

[pip] 20/5/2011 18:18

Just seen the terms of the tender offer from my broker. I would like some one to reassure me that I am not going bonkers! The bid price close is 661 and they are offering to buy my shares at anything between 605 and 625 or the strike price which the broker decides - 'it will be the lowest price per share in the price range that will allow JP Morgan Cazenove to purchase the maximum number of Ordinary Share for a total cost not exceeding £1.05 billion'. What's in it for me except to sell my shares at significantly below their current value? Surely I have missed something or how much are Wood paying the broker for this wonderful piece of advice?!

[broshm] 18/5/2011 16:28

has aly48 got the answer ? must be something like , I never saw an offer like this before , what other twist could there be ?

[aly48] 18/5/2011 11:19

I think it's the thing of Wood family trust selling there shares to Wood Group who then cancel them leaving less total shares at higher value.

[philo124] 18/5/2011 09:26

I agree and will continue to hold; or sell in the market above £7.

[strollingmolby] 18/5/2011 09:03

To my mind it will only benefit those who retain their holding, as any large shareholders exiting will be at a discount (currently) so EPS will be enhanced for those that remain.

[philo124] 18/5/2011 09:01

If you were wanting to sell a huge quantity i guess- read newspaper report on digital look ; the Directors do not intend to participate.

[jack parlabane] 18/5/2011 08:05

Has anyone got their head round this yet??

Am I right in saying that if the first stage return of cash is fully successfull then there will be 32% less shares in circulation?

Why would you sell your shares (or 32% of them anyway) back to WG at 5% less than the current value?

[aly48] 17/5/2011 18:14

Circular is here

[jack parlabane] 17/5/2011 14:34

EH???

Am I reaaaalllyy stupid or have WG just offered me 25p less than market price for my shares??

[strollingmolby] 16/5/2011 13:46

If I had wanted to sell my shares I would have done it at the time of the disposal when £7+. I was looking forward to receiving a chunky cash payment AND to continue holding all my shares. This is a dissappointing outcome.