Wood Group (john) Share Discussion Threads

[tahmina1] 12/10/2022 16:18

pogue i think you hit the nail on the head - pension funds selling - fire sale stuff to cover margins

[tahmina1] 12/10/2022 16:17

caught some at 105.5. gla

[puffet] 12/10/2022 15:59

Am back in at £1.07p again a short term trade but risk/reward looks good again. GLA

[pogue] 12/10/2022 15:54

The only large EPC company in the UK that is not busy are Fluor, and they are now picking up work. Most projects are long FEEDs which will means detail design work will be next and that is where the big bucks are.

[wall street trader] 12/10/2022 15:23

I am working with the Wood Group on a daily basis - they have so much work on this is just a rout by speculators - am buying more

[chutes01] 12/10/2022 15:00

payment deferred to next yr,
GLA

[forwood] 12/10/2022 14:52

Very oversold, so bought at 1.084. Expecting a bounce before the end of day.

[ashkv] 12/10/2022 12:23

Really surprised that management haven't come out in support of their share - I appreciate risk of litigation loss however, given this decade plus low price... would have hoped management put something out...

[ashkv] 12/10/2022 12:01

Small position for me Chuteyfreak - and I intend to keep averaging in... one of my longer held positions and one I was at a 50% profit not too long ago... insanely low share price for WG.

Primarily a sector wise sell off on very very small volumes (See PFC, HTG etc) ... II's holding firm, Directors Buying, Analyst targets more than double from current price on average, Business Guided as on the up, Built Environment Sale done - Zero debt by year end..

Have your little laugh now little man...

We will see who has the last laugh - just a few weeks prior you were advocating going long post built environment sale.. how fickle your little head little mind and your portfolio decisions for the little money you have to invest...

[chutes01] 12/10/2022 11:31

Hey ashkv,
Is the penny starting to drop for you yet son ?
whats your holding here, how much you sitting underwater ?

Are you beginning to realise whats gone on over the last few months if advisors been all over this mess
Corporate transactions integrated without any DD, took down the whole shooting match
Directors squirrelled away
Carillion 2
So, how much you down here ? you think you'll get it back ?
Come on son, back in your Putt Putt Mobile.
Watch the next 2 weeks closely son.

[plentymorefish] 12/10/2022 11:04

I think you should be held accountable for posting non stop guff!…..

[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