Wood Group (john) Share Discussion Threads

[fuji99] 14/12/2018 10:59

For infos - Upgraded by most analysts.

[fuji99] 13/12/2018 09:48

To me yesterday could be the best opportunity to buy WG in the cheap.

[fuji99] 13/12/2018 09:29

Dogwalker - Agree but who needs caution on oil fluctuation more than the likes of BP, TLW or even the oil exploration pure plays such as PFC or BHP for example ? I think Wood Group throwing such stupid detail that everybody knows, then to be negatively exploited by the market, are very very naive indeed. Of course oil will always fluctuate because of political events. At the same time the results will be according to expectations - They know the future but they are frightened by maybe Mystic Meg or something. Of course it can rain any day of the week in winter etc... With one tiny detail, they made a meal of it. The person who wrote such idiocy should be sacked on the spot because his misplaced stupid words wiped out £ hundred millions in the company capitalisation in one day instead of rising yesterday.

[dogwalker] 13/12/2018 09:18

Mentioning the small caution re oil prices gives wiggle room in case things in general don't go to plan i.e. a general caveat. Better not to have mentioned it unless it was thought it might actually be needed....as a caveat.

[fuji99] 13/12/2018 09:13

Wood G. is signing contract upon contract and a "small" caution on oil prices led it to drop more than 10% in one day and also despite results will be in line with expectations ! I still cannot work it out !
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A new contract in Saudi for .... almost $8 BILLION ! Amazing.

[essentialinvestor] 12/12/2018 16:32

Another very small amount before the close.
12 month low around £5.21, that may be tested.

[essentialinvestor] 12/12/2018 14:47

Wood is a volatile stock.
4-5% moves in a day, in either direction, pretty regular of late.
The sector treated very cautiously by investors atm

[fuji99] 12/12/2018 14:36

Positive futures in the US may help this pm on China statement...

[fuji99] 12/12/2018 14:16

To be honest, this is the first time I bought WG, just when I saw the unusually exaggerated fall today following the update. I am usually a "regular" of PFC. Own a small stake but I always like to trade it from time to time (no stamp duty). But for WG, IMO this is far overdone.

[essentialinvestor] 12/12/2018 14:10

Had a small amount @ just under 5.87. would not fall in love with it.

[fuji99] 12/12/2018 13:35

But in this sector everyone is working with financed debt. None is debt free.
To me the most important is the generation of cash flow to re-finance the debt.
Even a smaller oiler like Tullow for example has a bigger debt.
As long as cash in coming in and debt is reduced year on year, no worry for this type of business.

[essentialinvestor] 12/12/2018 13:32

Right, so it's 150 Million USD over 12 months on debt reduction,
that will include some disposals, so if that a great debt reduction?.

So so statement for me. Luck with your holding. Might be worth a small investment.

[fuji99] 12/12/2018 13:20

This is what they said about debt: Reduction around to $1.5 BILLION at 31 Dec. 2018 !
Way way oversold compared to the others in the same sector. Amazing !
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"We are making progress against our deleveraging plan. Operational cash conversion after exceptional items is expected to be around 100% and will contribute to a reduction in net debt to around $1.5bn at 31 December 2018 (30 June 2018 $1.6bn). Net debt to EBITDA is anticipated to reduce to around 2.2x at 31 December 2018 (2.4x at 30 June 2018) against the backdrop of good growth in the business."
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In any case, I am a strong buyer at these levels.

[essentialinvestor] 12/12/2018 12:57

They've only reduced year end net debt by USD 100M?, That does not look great to me.
May be misreading this.

[fuji99] 12/12/2018 12:52

Impossible to believe with such a trading update the shares a lagging significantly behind. ------ "Wood returned to growth in 2018 and performance is in line with guidance and expectations. In 2018 good momentum in trading has driven revenue growth of over 10%; we secured revenue synergies of over $500m and increased our cost synergy targets to over $210m. Integration is complete and our unique platform is generating strong operational cashflows which are supporting good progress on our deleveraging plan." Robin Watson, Chief Executive" -------

[yopf] 02/11/2018 08:23

Great swing trade:)

[yopf] 01/11/2018 09:44

I think WG have been repriced (overly down sold) on strong dollar weakened oil but this situation will be short-lived.

[yopf] 01/11/2018 09:42

Looking to fill the gap to 720 now.

[yopf] 01/11/2018 09:34

Hmmmmm The sell off looks overdone to me. New contract in south america announced today

[mrbi9pant5] 05/9/2018 17:45

TA view: Look for a close above 722 tomo for an entry (holding the 8ema of the lows and above today's open). That will mean weak hands are probably washed out. Failing that look for support at 700 690 or 680. You may get wiggled out a couple times at these levels but more than likely we'll see a return to 770 if 722 holds or a return at least to the 20 ema or target 732 if 700-680 holds. I hope this makes sense. Please remember shares can go down as well as up. DYOR!

[puffintickler] 29/8/2018 17:08

Decided not to hold in the end and took profits at 775 early yesterday. Best of luck to those still in.

[puffintickler] 26/8/2018 14:30

Nice trade EssentialInvestor, you did well there.

I'm holding for now as I bought in (to AMFW) on the basis of a continuing brightening of prospects in the sector. I made a couple of poorly-timed top-ups after my initial good buy so it is only now I in profit for the first time. You made more in three days than I have in 18 months.

[essentialinvestor] 24/8/2018 13:02

Sold my results buy, nearly £1 a share, way beyond my expectations
in a few days.

Hoping for another opportunity at some point. Best of luck to those holding.

[essentialinvestor] 22/8/2018 14:00

It's turning out lovely ).
One of my better timed buys yesterday.