Wood Group (john) Share Discussion Threads

[pogue] 02/11/2021 17:21

What environmental stuff exactly? They have had a few mickey mouse natural gas to H2 contracts in Aberdeen as far as I know and not much else. The margins on renewables are high but the projects are very small so not much revenue O&G will drive this share for the foreseeable for better or for worse.

[martyminer] 02/11/2021 16:43

This company is not just about oil and gas, more about environmental stuff etc Buying opportunity at 200p imho

[pogue] 01/11/2021 12:53

Where is your reasoning for no new contracts? With oil and gas prices at current levels due to massive shortages?

[chutes01] 01/11/2021 12:36

£45 mio to be repaid each year for next 4 years to SFO after corrupt deals
so no divi re-instatement
no new contracts as oil/gas fades, this could be finished.
Looks to be in distress, a break of 200p would be catastophic.

[pogue] 01/11/2021 11:59

If they dont increase rates they like everyone else will not get the engineers. There comes a point if they want to do the job they will pay the rate.
There is going to be a bigger shortage than normal next year as many engineers have retired, combination of IR35 and being close to retirement age, many have left the industry, I am one of those, and not bringing on new engineers during all the lean years means there are no young ones to move up to fill the gaps. I expect a lot of work will go to India but as we all know you pay for that later when the remediation work is needed.

[specinvest] 01/11/2021 11:50

@pogue Recruitment may be up, but I think they are going to have a big issue with actually getting and retaining engineers.
For one the company has stated they will not be offering inflation beating rate increases to employees in the new year on top of no rate increases over the pandemic.
The company is going to see a brain drain soon if they're not careful.

[saltaire111] 01/11/2021 09:59

It’s the debt that is the problem here. Need to see concerted efforts to cut cost and reduce debts before the share price will improve.

Salty

[chutes01] 25/10/2021 14:59

break out starting now
300p

[greendalef] 22/10/2021 12:30

Think this has to change before any increase in the price

hxxps://shorttracker.co.uk/

[chutes01] 20/10/2021 15:10

heading to 250p, then £3 soon

[chutes01] 18/10/2021 22:54

chart similar to may 2016 which saw near term 50% rise, same about to happen here
should see this at 400p by year end

[bigman786] 18/10/2021 18:23

These were tipped in MoneyWeek on Friday

[chutes01] 18/10/2021 15:40

something more than that i suspect

[pogue] 15/10/2021 12:02

Its the oil price so sector wide, lots of contracts coming out now. Recruitment in the sector is going into overdrive from the emails I am getting. FEEDs being done indicates more contracts coming in a few months.

[chutes01] 15/10/2021 10:07

This chart looks ready to rocket
Must be some near term corporate coming

[johnsoho] 13/10/2021 11:07

Looking at the trades so far today it appears that almost ALL the sells are automated trades whilst virtually all the buys are actually people buying the shares !!! At some point the AT trades will have to become buys !!!

[chutes01] 12/10/2021 22:47

not much going on with it, paying 40 mio per year for next 4 years for fraud, thats big chunk of shareholder cash. oil/gas dropped off cliff, struggling to gain traction after wood sold off shares to the city boys.

[cassini] 12/10/2021 22:13

I've got a few.

I looked it up on Stockopedia the other day and the 'style' was listed as 'Value Trap'...

It can't seem to get going post COVID, like another couple of shares I own - FSJ and RCDO.

I'm treating them all like recovery stocks, except they don't seem to be recovering - yet.

[johnsoho] 12/10/2021 16:49

For the record I’ve just purchased my first tranche of shares in Wood Group.

[johnsoho] 12/10/2021 16:44

Not sure if anyone is following this company but I think it’s probably undervalued based on the following.

Wood Group’s profits have been certainly been hit by the pandemic, but most I think, of the bad news appears to be in the share price
Positive points appear to be:

- final agreement on the legacy fraud investigation provides clarity and a clear end to that turmoil.

- Wood Group is much more than just an oil & gas company with its business becoming increasingly more diverse over the last 2/3 years or so.

- Current valuations appear to be more attractive relative to their peers.

- The shares are trading I think at about 35% below their 2021 highs and circa 40% or so below their 2020 highs

Please note no advice is intended so please if you are thinking of purchasing some, do your own research.

[pogue] 20/8/2021 16:18

As I said if PoO drops this will get jumpy, Brent now at $65.

[texaschaser] 03/8/2021 15:10

lifestyle company

[pogue] 29/7/2021 14:01

All I am worried about is the oil price. So long as it stays in the $70s this will be fine if it drops maybe get a bit jumpy if it goes over then the US will step in as the last thing they need right now is high oil prices when their economy is coming out of intensive care.