Wood Group (john) Share Discussion Threads

[chutes01] 23/2/2023 15:08

the board will let it go cheap if they are weighed in, always the case
the leak yesterday afternoon is being looked into, letting the city boys close shorts ahead of RNS

[hamhamham1] 23/2/2023 15:02

10x ebitda would be over 4 quid.

[hamhamham1] 23/2/2023 15:00

The bid wouldn't have come in if they didn't think it was a tasty company they could make money on.

[hamhamham1] 23/2/2023 14:58

No future was sang by Johnny Rotten.
Anyway, from my cold dead hands as another said, slightly dubious politics though as I recall

[g2theary] 23/2/2023 13:07

:D For any true gambles looking for fast money today WSBN ... take a look at the chart .. technical bounce incoming and news due for 3 ASSAYS in prolific Paterson region of Western Australia!Red Setter Project is located only 13 km south-west of Newcrest Mining's Telfer Gold Mine and about 60 km west of Newcrest and Greatland Gold's Havieron ;)

[sundance13] 23/2/2023 13:05

It was Glen Matlock also not Sid, he replaced Glen after the album & all the songs were written.

[pogue] 23/2/2023 11:56

Stop moaning you want to change the system stand for parliament don't moan here you are clogging up an investment board.

[heialex1] 23/2/2023 10:05

Agreed. When PE are buying, you know it's too cheap... at these levels WG still super cheap - remember some years ago they were at 900. Also worth looking at HTG and PFC. Wouldn't be surprised if these attract bids at some point

[boozey] 23/2/2023 09:41

This week has shown how undervalued the UK stock market is. Twice in two days predators have appeared for two companies, Hyve and Wood Goup, who have turned the corner with new business models evolved out of the pandemic which private equity have spotted. There are surely many more, the challenge is for a savvy private investor to spot these opportunities faster than the so-called experts in PE...

[tahmina1] 23/2/2023 08:59

Once M & A fever appears , other bidders can come in. Boom time. Nice uptick this morning GLA!

[dipa11] 23/2/2023 08:36

Shorter are screaming?Https://shorteurope.com/details_company.php?company=JOHN%20WOOD%20GROUP%20PLC&land=united_kingdom

[lawson27] 23/2/2023 08:35

Nice, very happy this morn! :-)

[pogue] 23/2/2023 08:30

The market does not believe Apollo will bid higher and no other bidder will appear, that's what is says.

[faz] 23/2/2023 08:17

Daft the share price is only 203p - what does that tell you about the market right now, when a company with £bns offers 230p but small investors wont pay 210p!

[pogue] 23/2/2023 08:17

planit2
This is not an American contractor bidding though they describe themselves as 'a high-growth alternative asset manager.' One thing I find odd is 'Since 2008, Apollo’s ESG program has set the standard for ESG reporting within our industry.' ESG and a contractor that is mainly into oil and gas seems a bit of a mismatch.

[kibes] 23/2/2023 08:14

230p? I'd accept 250p.

[charlotte2020] 23/2/2023 08:14

I quite agree. How can the board say the bid significantly undervalues the company's prospects with the shares languishing where they are.

[planit2] 23/2/2023 08:03

If the UK market continues to significantly undervalue companies we won't have any left after they are all taken private or bought out by their US counterparts.

[brucethegoldfish] 23/2/2023 07:49

It would be interesting to know what Apollos initial 2 bids were.

I would think a 280-300p range would possibly get support from the Board. Although, I still think that would undervalue Wood based on mid-term prospects. To be fair the announcement did say the Board felt the offer at 230p “significantly” undervalued the business, so I could clearly be wrong. Just IMO.

[pogue] 23/2/2023 07:39

So what price will we go to?
My thoughts.
Opening bid obviously too low but the fact they are giving them time suggests they are open to selling and they are just wanting some more. I suggest they must be in the ballpark or the board are fishing for others to bid to get the price to a decent level. Clearly if Apollo are bidding 230p they will increase the bid but by how much? Will they go upto £3? Will that be enough for the board?
Much to consider, all positive to current price is the only certainty lol
This is bidder ...

[ashkv] 23/2/2023 06:03

This degenerate vile demon scum filth Chutes01 has the temerity to post re Wood Group's takeover approach - INCREDULOUS!!! I hope the vermin was short and will have to move out of his trailer...

Incensed when contemplating the hard working folks who missed out on the upside / value case for Wood Group due to the rantings of this demon spawn living feces ChutesO1... ADVFN too lax in letting deranged degenerate hellspawn infest the chats...

chutes01
22 Feb '23 - 18:46 - 1000 of 1010
0 1 0
will see over 200p on opening, may go for nearer 400p
About time, been a journey ...
No wonder the directors looked so pleased on TV recently
Coke and hookers in Paris this weekend !
GLA