Wood Group (john) Share Discussion Threads

[chutes01] 06/7/2022 13:02

death spiral continues, regardless of wider market sentiment, this is heading below 100p quickly, Carillion2.

[pogue] 02/7/2022 09:25

Typical contract, below, being won just now by contractor companies oil companies are mainly doing FEEDS just now as a prelude to the detail design contracts as none had plans to upgrade or expand until the oil price went up and you can't do a detail design project until you do a FEED.

[wigwammer] 01/7/2022 16:08

Chutes01 filtered. Humourless waste of oxygen.

[chutes01] 01/7/2022 15:55

Carillion2

[plentymorefish] 01/7/2022 15:50

But to be fair, his spelling was much better in his latest post!......

[wigwammer] 01/7/2022 15:49

What are you on about? The whole sector is falling, got nothing to do with stock specifics.

[chutes01] 01/7/2022 15:46

Watson is free to sell out in 2 months, that is when I believe the real fall is witnessed here as the whole shooting match unravels

[plentymorefish] 01/7/2022 15:36

'More trouble at mill here, all to be unveilled.'

Try to avoid using words you can't spell!.......

[chutes01] 30/6/2022 20:15

Another massive sell off, 640k at 156p
I can see the new man kitchen sinking before autumn, 50p gives MC of £300 mio, that might be the level to move on from.
There is no support at this level

[chutes01] 29/6/2022 15:43

Carillion2 heading to 120p in July, chart continues death spiral
More trouble at mill here, all to be unveilled.

[iconista] 27/6/2022 13:15

Where is our tiny little Batman today with his narrative of doom?

[chutes01] 24/6/2022 14:48

WG have a real reputation issue now, incompetence has led to share price of 160p, heading lower, and the question now is will the business be allowed to survive or will it be swallowed up for the benefit of the competitors.
Take them out on the cheap, or sit back and let them fail, wait for the next accounting horror story. There is proper incompetence strewn across the company.
Carillion2 - Profitable assets sold off to prop up business, whilst having no impact on large debt levels, Director resignations and contract losses ...

[iconista] 24/6/2022 13:01

Thank you, chut, for taking time to advise a handful of amateur investors of the risks, free of charge. Warning people that they are about to lose their money, and for no reward other than the satisfaction that you have done good, is a noble, (if somewhat niche), pastime. You're like a tiny little Batman.

[chutes01] 24/6/2022 12:41

Indeed that's correct
But, will Wood be around to see the benefits, it appears unlikely right now.
The decimation of shareholder value here over several years has been eye watering, leading to sell offs to prop the business up.
Investors are heading for the door at this juncture.
Watson is going early to protect his legacy.

[pogue] 24/6/2022 11:38

Halfwit, there is no downturn in contracting quite the opposite the lack of engineers is a sign the market is booming.

[chutes01] 23/6/2022 21:31

Indeed, all very worrying for WG, they appear in distress, Stewart left abruptly however he wasn't a businessman and was mocked by the market, made himself a small fortune here, now Watson goes and he leaves behind a myriad of incompetence and mediocrity brought about by a degree of nepotism.

Let's just hope someone is after them and brokers are driving the price down to acquire on the cheap. I can see this below £1
Have they trashed the company for good, is this recoverable ??
Every major downturn sees a major casualty, is it Wood.

[pogue] 23/6/2022 17:44

The O&G contractor market is very busy just now I am seeing jobs advertised daily for my discipline. Cant understand why the big contractors SPs are going down. Lots of LNG terminals and gas pipelines will be needed for a start. A lot of the jobs I am seeing so far are for long Saudi FEED contracts and even remote working for Norway and Southern Ireland, pharma, as they are very short of engineers.

[mcntrader] 23/6/2022 17:01

Such a beautifully sloped downward curve ... if only I were short. Where is the bottom here? We're now a £1.1bn market cap, down from £1.7bn a couple of weeks ago. £600mn wiped without any explanation. Once the $1.8bn lands from WSP, what then? Where do we go?

[chutes01] 23/6/2022 16:06

worrying AGM, Co appears in distress, Watson & Co. jumping ship.
Wonder if we see another shocker for the accounts
Attitudes leading to contract losses

[plentymorefish] 23/6/2022 16:05

Seems the sector is out of favour.....PFC similarly down and heading lower......

[ashkv] 23/6/2022 15:56

Wow 167 - less than 10% from 52 week low as a result of delayed results.... WG updated that business recovering, New CEO, Successful sale of Environmental business and net cash when it closes and the share goes down down down...

[plentymorefish] 16/6/2022 17:17

I thought that at 205!.....;)