Wood Group (john) Share Discussion Threads

[pogue] 29/7/2022 13:21

ashkv
do you base your buying and selling decisions solely on RNSs on who has been buying and selling? How odd I base it on how the company looks financially. Each to their own good luck with your move to PFC and HTG.
Bye

[plentymorefish] 29/7/2022 12:24

Thanks for sharing, I feel much better now......

[ashkv] 29/7/2022 11:47

Wood Group is proving to be akin to "Dead Wood" - contemplating rotating to PFC and HTG as the only Holding RNS for WG as of late have been reductions even at this near 15 year low share price....

[iconista] 19/7/2022 19:16

Is this relevant? From the FTHalliburton boss says oilfield service shortages likely to worsenSector reaps rewards of tight market for materials, drilling equipment and labour also led to bumper profits for oil services groups....A lack of everything from crews and drivers to drilling rigs and the sand used in the fracking process has added to the challenge of increasing production but has also led to bumper profits for oil services groups...

[plentymorefish] 19/7/2022 18:22

Lol…..

[chutes01] 19/7/2022 17:14

APG now below 3%, so 20 mill more to sell without notification
However, if the other Insti pulls the plug, it's game over for shareholders here
Salvage what you can ?

[puffet] 18/7/2022 10:13

My understanding is that Wood have retained the BP north sea contract till 2028 and extended it with T&T region. Good News and I have bought in here.

[pogue] 15/7/2022 00:19

I am on my way back from a industry event everyone is talking about how good the market is for jobs and contracts. I dont understand why here and PFC is not booming.

[tahmina1] 14/7/2022 16:13

Buy when others are fearful!..... this is oversold in an industry that should be booming, both on decommissioning and on supply shortage issues.

[pogue] 14/7/2022 15:25

why you still holding then Chutes?

[chutes01] 14/7/2022 14:53

death spiral continues, see this under 100p by end of month
Watson can start to offload in september, he must be gutted at this
Or will he break ranks and have to notify sales

[wigwammer] 13/7/2022 17:43

Outlook for FY22We expect higher revenue in 2022 across our business supported by the continued growth in our order book.We expect a stronger performance in the second half, helped by an improved performance in our Turbines joint ventures and stronger revenue growth, particularly in our Projects business.We expect the sale of Built Environment Consulting to improve our net debt position in the second half.

[chutes01] 11/7/2022 17:16

likely going to PFC/Aker
Wood reputation in tatters across N Sea, Directors retiring with multi mio awards for trashing shareholder value over several years
160 mio outstanding to SFO for corruption at tendering.
If the insti pulls the plug, it's effectively over here.
SIW did well to get his wealth out as he handed it to unsuspecting city boys

[puffet] 11/7/2022 17:08

This contract is out for tender and due to be awarded shortly - a loss would not be good news so would hold fire till this is out.



11 December 2014

Wood Group secures major BP contract

Wood Group has been awarded a five year contract with an estimated value of
$750million from BP. Under the contract Wood Group PSN (WGPSN), will deliver
engineering, procurement and construction services to six UK continental shelf
(UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore
midstream facilities in Grangemouth.

Effective January 2015, the contract will create 150 new jobs and secure more
than 700 existing positions. This is WGPSN's largest contract award in 2014 and
includes an option for two, one-year extensions

[iconista] 08/7/2022 14:44

Who sent out the tiny little Bat-Signal?

[plentymorefish] 08/7/2022 12:53

lol.......

[chutes01] 08/7/2022 12:18

A relief rally off 145p level, only prolonging the inevitable for Wood
Nuclear/Benv sold off to stem the bleeding, Director resignations on the qt, Carillion2 - Do the math, 160 mio to SFO, contract losses and systemic legacy issues around incompetent middle managers

[plentymorefish] 07/7/2022 15:59

chutes01 is the man to ask!.....;)

[saltaire111] 07/7/2022 15:56

Great update. Little debt on the balance sheet these days.

Strong buy?

Salty.

[fuji99] 07/7/2022 12:05

Good order book but there are signs of areas in decline including involvement with Russia. So the future guidance is still a question mark- - - - -
Return to revenue growth: revenue around $3.2 billion, with
strong growth in Consulting and Operations partially offset
by a DECLINE in Projects
-- Adjusted EBITDA at around $250 million , with a relatively
robust performance in Consulting and Projects offset by a DECLINE
in Operations
-- Adjusted EBITDA margin around 7.9% compared to 8.3% last year (DECLINE in margin).
This includes the impact of the previously guided lower margin
in Operations and a lower margin in Consulting, reflecting
a lower Built Environment margin and the IMPACT of exiting
energy consulting work in RUSSIA

[pogue] 06/7/2022 15:24

iconista
its sectorial not specific. Look at PFC same share price graph. I have no idea why they are both are falling from what I am seeing from the amount of enquiries I am getting to work they should be going up. The market is booming and its only starting as its mainly FEED work just now so the really large detail design contracts are up next.

[chutes01] 06/7/2022 14:59

Icon,
many thanks for your reply here.
It is extremely vulnerable now, Stewart walked after making himself a life changing small fortune, Watson did not have the clout to change things here, he can offload his shareholding when he is clear in Sept, however it may be too late then, contract losses and financial hits on the back of SFO costing the company £160 mio.
The company is riddled with incompetent middle managers
It will be a difficult few weeks, if Blackrock pull the rug its over here.

[iconista] 06/7/2022 14:28

This share does feel risky, so I'm not surprised our Tiny Little Batman is trying to scare people here. But, Blackrock don't seem to be following his narrative. They are still gradually closing out their short - by another 0.2% on on 30 JuneBut they've not closed it entirelyBlackrock or TLBTime will tell

[plentymorefish] 06/7/2022 13:09

A reminder of what you said about HBR 3 weeks ago.......

'Blue sky to £5'

It was around 400p then, approx 310p today.......

You'd be better concentrating on your investment there as it's doing rather badly!......