Wood Group (john) Share Discussion Threads

[chutes01] 12/10/2022 11:00

Close to 100 p now
Will go below this next week
Suspect BE was sold off to settle debt and Texas litigation
Nothing left for shareholders now
Absolute catastrophe
Watson needs to be held accountable for wasting funds billions

[ashkv] 12/10/2022 10:05

Also where are the American buyers - Chutes is insane to be short at these levels.. .will lose his pants...

[ashkv] 12/10/2022 10:04

Volumes are tiny - imho more like a wait and watch where small sells are forcing price down.

WG unloved by market along with PFC (new 52 week low today - 12 Oct 22), HTG etc - and managements across the board should undertake modest buybacks at these multi-year low prices or in the case of WG multi-decade!!!

[pogue] 12/10/2022 09:13

This is more than likely due to pension funds dumping across the market.

[ashkv] 12/10/2022 09:03

WG should announce a Buyback ASAP - share price is ridiculously low - folks buying at these levels will be laughing all the way to the bank in a few months - once in decade opportunity.

Practically debt free and with analyst targets in the 300p range - taking into account all potential liabilities. Berenberg recently lowered to 180p - however, that is nearly 60% from (12 Oct) today's 113p.

"Berenberg said Wood was likely to end the year with close to zero net debt, highlighting the "striking gap" between its current market cap of roughly £1.0bn and consensus underlying earnings estimates for 2023 of $500.0m."

"we continue to see this as an interesting and deeply mispriced asset for investors with the patience for the anticipated recovery."

Patience is they key word here.

MANAGEMENT PLEASE BUYBACKS - TODAY'S SELL OFF ON PIDDLY VOLUMES - this needs to be fought back against!!!

06-Oct-22 Berenberg Bank Buy 270.00 180.00 Reiteration
15-Sep-22 Barclays Overweight 320.00 250.00 Reiteration

[tahmina1] 11/10/2022 16:15

same story at pfc
sector wide
nothing to do with wg.

[plentymorefish] 11/10/2022 15:57

Don’t be too hard on yourself fella!….

[w1ndjammer] 11/10/2022 08:50

Which institution pulls out of what ?

WJ.

[chutes01] 11/10/2022 08:12

Most likely a pivitol week

[chutes01] 10/10/2022 12:28

Down trend continues
Death spiral
If the Insti doesn’t like what it sees now in conjunction with Tex lawsuit it’s over for coupon holders here
A disaster which has cost billions ££
The upcoming days are critical now

[chutes01] 07/10/2022 15:52

broker downgrades continue, litigation continues, payments to SFO continue
may get in around 60p
watch closely, very closely ...

[chutes01] 04/10/2022 18:28

14% in a week
Take it,
Doubled position here
Ready for dbl figs as capitulation nears

[woodhawk] 04/10/2022 18:27

A great short term profit, Puffet, well done. I'm anticipating rather more than 14%, but then I have the patience.

[tahmina1] 04/10/2022 18:13

Holding. Its still very cheap.

[puffet] 04/10/2022 16:26

Sold at 136p nice 14% in a week got to take a profit when its there :)

[iconista] 04/10/2022 09:03

You're clearly still drunk

[chutes01] 04/10/2022 08:26

Rally will falter
Short to 55

[iconista] 04/10/2022 08:05

Hey, Chute. You got yourself into quite a posting frenzy last night. How's the hangover?

[chutes01] 03/10/2022 22:02

If Credit Suisse falls, a raft of others go too, the ideal time for this to be wrapped up.
I suspect advisors have been riding this like Flyn for a while now, years of nepotism, incompetence and arrogance coming home to bite existing coupon holders as the music finally ends and the lights go on.

[chutes01] 03/10/2022 21:25

If court case goes against Wood, its over here
Suspect investment bankers hired to wrap this up and spin any value into a new entity
Watson will just blame AFW which was bought without any proper DD

[chutes01] 03/10/2022 21:22

All profitable divs sold now to pay down debt
SFA left to generate income, BE/ Nuclear gone
If Texas goes against them, and they were pleading for a deal at less than $700 Mio it’s lights out and Aldi are in
£40 Mio PA to SFO continues
Watson has stitched this up pretty
He’s off to Honeywell to cause carnage there
Give an idiot an honorary degree and a CBE

[iconista] 03/10/2022 08:10

You were up late, Chute. Something on your mind?

[chutes01] 03/10/2022 01:08

The best big short in town
If it co-incides with lawsuit news all bets are off
Only risk will be trying to close out shorts