Wood Group (john) Share Discussion Threads

[puffet] 16/1/2020 09:42

“It’s been a challenging 12 months for Wood, with a volatile oil and gas environment seeing the company – along with other services firms – squeezed by some of the larger operators,” said Brewin Dolphin senior investment manager David Barclay.
“While Wood has taken steps to broaden its business, the levels of debt it incurred in the process have weighed on the shares – they have fallen around one-third since the beginning of 2019,” he added.
“There’s a slight reduction in debt in today’s update, but the market would have been looking for more concrete progress.”

[togglebrush] 16/1/2020 08:31

FWIW Stats for Daily Trades from 31 Dec 2018 based on ADVFN
'
________________Price_____Volume
Q3______________521.25____3,703,640
Median__________446.40____2,839,766
Q1______________393.75____2,145,924
'
Yesterday_________________2,391,772
Max 26 Nov 2019__________50,226,105
Price is based on OHLC

[ferries5] 16/1/2020 08:23

This should help net debt.

We continue to make good progress on our portfolio rationalisation strategy as we focus on premium, differentiated, higher margin activities. The agreed sale of our nuclear business for c$325m is on track to complete in Q1 2020 and will accelerate progress to our target leverage. We are also active on other sales processes

[ferries5] 16/1/2020 08:13

Market has reacted well to results. But still 8.7% of shares held by short sellers +
volumes of shares traded have been below average recently.

[puffet] 16/1/2020 07:37

Biggest issue for me is what is the Net Debt, it was $1.5bn now update says below $1.5bn need to see how much they have reduced it down to? Without a major reduction I don't see anything else here to really change the mood.

[togglebrush] 16/1/2020 07:05

Trading Update reads well at first reading
'
Highlights(1)

-- Adjusted EBITDA(2, 3) of $850m to $860m and operating profit before
exceptionals of $410m to $420m, in line with current market expectations(4)
-- Like for like(5) : adjusted EBITDA (pre-IFRS 16) up c6% and operating
profit before exceptionals (pre-IFRS 16) up c20%; including c$60m
of cost synergy delivery
-- Revenue of around $10bn, in line with 2018, reflecting generally
robust activity
-- Better than anticipated cash generation in H2 delivering reduction
in net debt(6) to below $1.5bn at 31 December 2019 (2018: $1.51bn)
-- Previously announced disposal of nuclear business for c$325m on
track to complete in Q1 2020
-- 2020 Outlook: Modest revenue growth and margin improvement strategy
supporting growth in adjusted EBITDA

[puffet] 15/1/2020 16:33

Trading update due tomorrow. Going to be a critical statement for the future of this current management.

[carer] 14/1/2020 13:48

It will probably go down to 3.50 by the look of it.

[puffet] 09/1/2020 07:16

Gather the sale of WGIS (fab maintenance arm) is imminent so the fire sale continues.

[typo56] 08/1/2020 19:28

Because it could potentially block the sale.

Back in August WG. said, "Closing is conditional upon, among other things, obtaining anti-trust clearance from the Competition and Markets Authority ("CMA") and is currently anticipated before the end of Q1 2020."

[hmgouda] 08/1/2020 18:04

Why it would affect Wood, it should br positive impact rather than negative. As more money will be coming to the company.

[typo56] 08/1/2020 15:28

Is the CMA's announcement re the nuclear unit anything to do with it?

[w1ndjammer] 08/1/2020 14:52

been looking for a chance to buy in here, so just took a few, think
they might be looking for 350p so will build up slowly.

Hope i didn`t miss anything........

The offer for SXX came just in time, nice 70% profit.

WJ.

[chutes01] 06/1/2020 12:49

shorts closing

[gateside] 06/1/2020 12:44

Only about another 250p to go and I can sell at a profit!

[carer] 02/1/2020 13:30

The chart looks though it will have a pull back . Taken some good profits .

[kkclimber56] 25/12/2019 09:16

Meanwhile in the real world crude oil consumption continues to increase.The impact of electric cars on cruse oil demand is so small it can hardly be measured.Pumping out propofanda that electric cars are changing the world is counter productive as it creates the impression that the war against climate change has been won when it hasnt even been started.

[hmgouda] 25/12/2019 08:07

Because the future is for Electric vehicle the refineries are shutting down in Europe.

[pogue] 24/12/2019 07:50

Europe is shutting down oil refineries but the Middle East is building new ones to supply refined products to Europe. All about costs not falling demand.

[carer] 23/12/2019 14:49

I think there might be still short term future for oil industry if we look at the whole world. Europe is shutting down more refineries due to green push. The oil consumption is ever decreasing. I would take a short term profit on oil stocks, certainly not for the long term.

[chutes01] 23/12/2019 14:13

This may be tipped at NY as one of the cheapest stocks around, ready for strong recovery, confident to see 600p in 2020, thats 50% increase plus divi

[carer] 23/12/2019 09:04

Now I am hoping it goes down a little , so I could increase my holdings. There is no doubt, it is a undervalued stock. It seems my recent rational on stock analysis is much better now than years ago. My holdings have increased 100% in the last couple of years. I have spent a lot of tuition fees already.