Wood Group (john) Share Discussion Threads

[togglebrush] 09/11/2019 08:03

FWIW the daily volume stats for this year are:-
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Max________18,711,722___on 30 Sep followed by 18,621,307 on 1st Oct
Q3__________3,584,760
Median______2,832,025
Q1__________2,124,307
A One in 100 day volume is above 13,118,807
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Yesterday had over 5,200 Trades with Volume 4,652,765 (Thursday 6,581,987 )
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After the bell we had some notable trades amongst the 15 deals recorded
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18:18:48 08-Nov-2019 Price 378.00 Shares 161,920 Value £612,057.60 Codes TNCP XOFF
17:45:02 08-Nov-2019 Price 372.56 Shares _73,765 Value £274,816.67 Codes TNCP XOFF
17:33:25 08-Nov-2019 Price 373.77 Shares _31,197 Value £116,605.96 Codes TNCP XOFF
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The closing auction was pretty fancy
16:35:29 08-Nov-2019 Price 378.00 shares 1,714,508 Value £6,480,840.24____Uncrossed Trade
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Make of it what you will

[hmgouda] 08/11/2019 22:06

I am not sure where is this share heading. MMs are in control of the share daily movements. Therefore investors are reluctant to get in.

[togglebrush] 08/11/2019 08:45

Wood Group was a Blue collar company with muck under its finger nails. It was doing well but suffering White collar envy.
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NOW it is in the process of self transform into a White collar company, which is not ashamed of having had muck under its finger nails, that is continuing to do well

[hey_arn0ld] 08/11/2019 08:30

What is it about wood group that people.hate so much. Why so many shorters?

[hey_arn0ld] 08/11/2019 08:30

What is it about wood group that people.hate so much. Why so many shelters?

[hmgouda] 08/11/2019 08:14

It will go up and down today but once the market is stable it might go up to 500p.

[chutes01] 07/11/2019 15:04

better news for the way ahead, lets see this back above 500p

[hmgouda] 07/11/2019 12:28

Excellent, thanks very much

[togglebrush] 07/11/2019 11:14

Webinar of the meeting was very interesting. If and when a repeat is available it is worth a look

[ferries5] 07/11/2019 09:40

Reassuring statement compared to some others today, Would have liked to heard more about 2020 prospects.But expecting a substantial reduction on debt when they report in March
Share price is doing well today,
Maybe caused by some of the 11% short sellers closing there positions. (hopefully)

[simba_] 07/11/2019 07:32

Broadly in line = below.

[hmgouda] 07/11/2019 07:12

Will this statement take the share up!

[togglebrush] 06/11/2019 15:52

Nervous reaction in the market. Hoping for a business update tomorrow morning ahead of the day's presentation

[hmgouda] 06/11/2019 12:58

Why it is going down!

[togglebrush] 05/11/2019 11:30

Modern missile usually make a hole on the outside but create chaos inside (shaped charge penetrates the skin and then damaged skin adds to blast effect inside). Repair is not just to weld a patch over the external hole.
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Some internals are complex being used to convert heavy sulphurs oil to light sweet crude. External and internals are weighty which need muscle or machine power to move.
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It is fifty days since the attacks. Seasoned engineers would be needed to assess the damage, oversee works, and test the result. Overall I have guessed at an emergency day rate in Saudi, in the heat, of say average over all trades of US$ 1,000 per day.
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But these are just unseen rough back of a beer mat numbers.

[hmgouda] 05/11/2019 10:08

Will wood fix the tanks or supervise the work done?

[togglebrush] 05/11/2019 09:54

25 Drone and Missile attacks occurred in September. If each cost $1 million to repair (IMHO a low value) that would add $US 25 million to net income. Average net income over last 6 interims are US$ 80 million. Last two are 30 Dec 18 at $165 million and 30 June 19 at $139 million.
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Wood probably would not get all the work but the job cost at reported top prices could be much higher. And US$ 25 million net to Wood would be a significant hike in the 31 Dec Interims and the coming Trade update.
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Job cost of US$ 50 million for each repair, a high side figure, would barely scratch the surface of the Aramco IPO but failure to report completion of the repairs would severely dent their reputation and damage the IPO.
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DYOR

[hmgouda] 05/11/2019 08:39

I doubt the figures will look good as it takes years pf hard work to fix these figures. I think it is just taking the stock high then it will be plumped again. Hopefully i am wrong but that what happens in the stock market.

[togglebrush] 04/11/2019 19:28

Rough thoughts about the recent share price recovery
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Drone and Missile attacks took place in Saudi Arabia in September
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Reports are that top prices were offered for repairs and replacements for missile damage.
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Aramco is doing its IPO on 9th November
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Wood Group has offices in Saudi Arabia close to damaged installation
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Reports of a Wood Group probable Trade update on 7th November
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All this is supposition but maybe, just maybe, the figures may be looking good

[the1hitman] 01/11/2019 09:50

Whats ahppening.

[togglebrush] 27/10/2019 13:19

Capital Markets day 7th November 2019 is suggested in my notes

[chutes01] 18/10/2019 15:20

Watson buys £5k shares
Price about to collapse below £3 as further contract losses are in the public domain

[chutes01] 18/10/2019 12:37

They have made themselves some serious cash at the expense of shareholders and the misery of the employees
That there is no doubt
When they go or the business fails they will escape with their millions

[chutes01] 18/10/2019 12:31

Yes indeed
You know them well