Wood Group (john) Share Discussion Threads

[ch1ck] 19/3/2019 17:10

I took money off the table today just in case it tanks

[essentialinvestor] 19/3/2019 14:33

Mentioned what looked a slower pace of debt reduction here a few months ago,
and today we have an admission this has been slower than initially expected.
Further debt reduction this year looks largely dependent on disposals.
That's what the market may be questioning.

[edmondj] 19/3/2019 14:05

FT Alphaville citing "guidance a bit complicated" but their computer broke down before specifying e.g. broker research commentary.

Not so bad that I can see, initially, but haven't kicked tyres in a long while.

3.3% softening in order book. Otherwise:

Outlook for 2019

We are well positioned for growth trends emerging across a broad range of industrial markets and have good visibility with approximately 60% of forecast 2019 revenues secured in order book, typical for our predominantly short cycle business model.

Revenue growth in the region of 5% will deliver organic earnings growth which, together with the impact of cost synergies of around $60m, is expected to lead to growth in Adjusted EBITA in line with market expectations, which are formed on a pre-IFRS 16 adoption basis3.

Deleveraging will continue in 2019 and we expect cash conversion after exceptional items to be around 80%-85%. The timing of disposals will impact the pace of deleveraging. These will be governed by appropriately competitive sales processes and are expected to generate proceeds in the range of c$200m-$300m.

[chutes01] 19/3/2019 12:45

The next Carillion here ?
Something is just not quite right, AFW integration accounting issue, pending contract losses, SFO looking into contract behaviours, the market doesn't like it.

[chutes01] 19/3/2019 08:30

Ongoing loss of n sea contracts and questionable accounting makes this extremely risky from here
Dyor

[ch1ck] 15/3/2019 08:56

600 looking close to falling

[ch1ck] 07/3/2019 09:20

I'm happy with this break out the next resistance line being 600.I will buy more when this occurs

[ch1ck] 06/3/2019 20:21

Yes that's it

[meijiman] 06/3/2019 11:32

12 inches?

[ch1ck] 06/3/2019 10:54

Something is a foot

[wattene] 05/3/2019 11:24

Government Petition to Ban shorting of London AIM stocks.

The AIM stock market is where smaller companies list their shares rather than using the prohibitively expensive main London Stock Market. This is an important market for the growth of smaller UK companies.

In challenging times, shorters seek to borrow the company's shares from a holder for a consideration and to buy them at a later date. They immediately sell these shares which, due to the relative illiquid market, sends the price much lower and hence the shorters can buy them at that lower price - pocketing the difference. The only beneficiaries are the shorters and the market makers with the losers being the reputable company and it's bona fide investors.

[ch1ck] 01/3/2019 09:36

It looks like 550p is going to be a Resistance point but once through that it should bring in new buys and offer a line of support. A China US deal would be good for this stock

[ch1ck] 20/2/2019 16:19

Will this is looking a lot stronger. Let's see what happens at the next Resistance point

[ch1ck] 15/2/2019 10:10

550p is the key Resistance point. A move through this with volume will be significant and will trigger big investment

[linton5] 14/2/2019 13:03

Check oot nsf very tempting

[ch1ck] 14/2/2019 12:21

Hi linton5Nice to see an other savvy investor on here.I love beat up shares which are solid and provide a decent divThis ticks all the box's for me

[linton5] 14/2/2019 08:42

Red chick 🐣 it’s been on my radar a while

[ch1ck] 14/2/2019 08:34

This is off the radar for most investors but it's a gem

[chutes01] 25/12/2018 17:36

DYOR Donkey

[essentialinvestor] 21/12/2018 11:27

North Sea oil contracts being lost to competitors,
can you post a link to where you found that information.

[chutes01] 20/12/2018 14:34

news story ?

[essentialinvestor] 20/12/2018 14:30

Wood had to sell some of their North Sea business from memory,
for the AMFW acquisition to pass competition authorities.

Can you post a link to the news story?.

[chutes01] 20/12/2018 14:24

look in trouble here, N Sea contracts being lost to competitor

[essentialinvestor] 20/12/2018 12:55

chutes, guessing you're referencing the intangibles?, That's a big call.
I exited my small trade at 5.88 for a loss of £16.
One of my better timed sell decisions, not a good buying decision that said.