Wood Group (john) Share Discussion Threads

[pogue] 02/2/2022 10:38

Wood group in Reading, formerly AMEC/FWEL, are looking for a load of engineers over the coming months. The numbers of bodies in my discipline suggested are not in line with renewables contracts which are manpower light due to their lack of complexity and hence low income compared to O&G contracts.

[chutes01] 14/1/2022 14:16

a few got caught short I believe, divi coming back
still believe a US buyer is around
£6

[lochgarman] 13/1/2022 19:05

you cant beat watching shorters getting burned alive. Even better when you can pour more fuel on the fire lol

[wall street trader] 13/1/2022 13:28

I work closely with Wood Group and they are winning and have many projects in the pipeline for this new energy economy - them and Aker will be leading this for years to come

[saltaire111] 13/1/2022 12:07

I think what we’re seeing today is the definition of a short-squeeze. I would not want to be short of WG following today’s update.

Reward for those who did the work and understood the company’s recent updates.

Salty.

[cherubic] 13/1/2022 11:58

All the more reason why it is skyrocketing, Few were expecting this..

[philanderer] 13/1/2022 11:32

Well you've got to laugh. This was Questor on sunday..

Questor: Wood Group is one ‘falling knife’ we won’t be trying to catch. Avoid

[chutes01] 13/1/2022 11:07

Plenty of them

[chutes01] 13/1/2022 10:04

Indeed
Boom

[saltaire111] 13/1/2022 08:53

There’s life in the old dog yet!

Salty

[chutes01] 10/12/2021 15:37

collapsing into the close again, shorters in control, Watson needs to be moved on, becoming a distraction

[capitol2] 03/12/2021 15:39

Gdr rns Monday wording on next rns days away on fast covid test,

[pogue] 20/11/2021 08:25

I am beginning to believe next year is not going to be so rosey. Any large projects are not going to be able to source the equipment to actually build it. Suppliers have in sone cases stopped taking orders as delivery dates for instrumentation, that is what I have been trying to source recently, are way out to the back end of next year for stock items and that is if they will take your order. Lack of chips is the base problem though I suspect specialist metals are not that easy to source either. I think companies may delay starting projects until they have a manageable end date. Nobody wants to start a multi $million contract with no end date.

[saltaire111] 16/11/2021 08:49

With oil above $75 a barrel, WG’s customers will be doing well. Bodes well for growth in core markets which gives WG more road to develop renewable services.

Deep value here in my view for long-term holders.

Salty

[forwood] 15/11/2021 08:30

Buy note from citi.

[pogue] 13/11/2021 08:59

The margins on renewables are higher I said that the problem again as I said is the size of the man-hours in the contract there are a lot fewer in renewables and
man-hours is what contractors sell.
I have worked in the industry all my life saying you work with Wood Group is fine I have worked for all the major contractors some many times.
The move to reimbursable has been going for years I can’t remember the last fixed price I worked on in the U.K. it tends to be European contractors with large staff workforces that take on fixed price as they have to cover their practically un sackable workforce so will even buy jobs and hope to make the money back in change orders, painful way of working.

[wall street trader] 12/11/2021 18:36

You are wrong there buddy - they are working in many projects today and the move from fixed price to reimbursable contracts is a move that puts the risk for margins back with the operator - this company are going to take advantage of this nee economy- I'm dealing with them daily on such projects globally

[wall street trader] 12/11/2021 18:34

I deal with Wood Group in a daily basis - trust me they are well positioned to take advantage of the new economy projects around hydrogen and Carbon Capture - am here for the long term

[forwood] 12/11/2021 11:41

I didn't take this as a profit warning so much as a change in expected revenue, due to some order delay which will affect net debt 'broadly in line with H1 2021' and which may impact EBITDA at the lower end of expectations.

There's a significant opportunity to improve 'the business that services the built environment end market' given Biden's infrastructure plans. Atm this accounts for 20% of gross revenue, with c6,000 staff in the US and Canada and the remainder largely in the UK. They have had several energy conservation wins, so that is potentially a high profile business unit - or separate company - going forward.

'we expect to deliver improved revenue and earnings in the second half of 2021', and 'growing order book' doesn't sound like a potential result justifying a market cap back to the pandemic lows. It looks like a buying op to me (and I picked up c 30,000 in the low 180s). One had to remember WG has c 5% of its stock short, so they will take advantage of any apparent weakness to close shorts. If you look at the share price it tends to rise quite substantially from lows like this, which probably explains why buying has been strong.

[chutes01] 12/11/2021 11:13

Struggling to get the co back on track
SFO fines of 49 Mio a year for next 4 years so no divi for few years