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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wood Group (john) Plc | LSE:WG. | London | Ordinary Share | GB00B5N0P849 | ORD 4 2/7P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.25 | 1.85% | 68.80 | 461,775 | 09:26:44 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 68.70 | 68.95 | 68.90 | 67.00 | 67.05 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | USD 5.9B | USD 464M | USD 0.6707 | 1.03 | 467.34M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:26:59 | O | 290 | 68.902 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 05/12/2024 | 07:00 | UK RNS | Wood Group (John) PLC Trio of global engineering agreements with bp |
| 03/12/2024 | 15:48 | UKREG | Wood Group (John) Plc - Holding(s) in Company |
| 02/12/2024 | 14:59 | UKREG | Wood Group (John) Plc - Holding(s) in Company |
| 25/11/2024 | 14:59 | UKREG | Wood Group (John) Plc - Director/PDMR Shareholding |
| 25/11/2024 | 14:58 | UKREG | Wood Group (John) Plc - Director/PDMR Shareholding |
| 21/11/2024 | 14:11 | UKREG | Wood Group (John) Plc - Holding(s) in Company |
| 21/11/2024 | 14:05 | UKREG | Wood Group (John) Plc - Holding(s) in Company |
| 11/11/2024 | 16:30 | UKREG | Wood Group (John) Plc - Holding(s) in Company |
| 07/11/2024 | 07:00 | UK RNS | Wood Group (John) PLC Q3 trading update |
| 23/10/2024 | 13:59 | UKREG | Wood Group (John) Plc - Holding(s) in Company |
Wood Group (john) (WG.) Share Charts1 Year Wood Group (john) Chart |
|
1 Month Wood Group (john) Chart |
Intraday Wood Group (john) Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/12/2024 | 09:27 | Wood (WG.) Charts only | 2,934 |
| 08/11/2024 | 14:56 | TipTV Market Roundup: Woods Group to underperform | 7 |
| 24/4/2020 | 01:14 | *** Wood Group *** | 753 |
| 22/5/2008 | 08:02 | Wood Group: Charts & Fundamentals | 423 |
| 04/7/2004 | 10:25 | john wood group plc. | 187 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:26:59 | 68.90 | 290 | 199.82 | O |
| 09:26:44 | 68.80 | 19 | 13.07 | AT |
| 09:26:44 | 68.80 | 283 | 194.70 | AT |
| 09:26:44 | 68.80 | 53 | 36.46 | AT |
| 09:26:43 | 68.85 | 710 | 488.84 | AT |
| Top Posts |
|---|
Posted at 13/12/2024 08:20 by Wood Group (john) Daily Update Wood Group (john) Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker WG.. The last closing price for Wood Group (john) was 67.55p.Wood Group (john) currently has 691,839,369 shares in issue. The market capitalisation of Wood Group (john) is £470,450,771. Wood Group (john) has a price to earnings ratio (PE ratio) of 1.01. This morning WG. shares opened at 67.05p |
Posted at 06/12/2024 09:04 by kingston78 Directors own shares and have share options, so there is incentive for them to see a strong share price. In many companies, the share options are so lucrative because of the low exercise price and a strong share price that the directors and certain employees make millions. |
Posted at 06/12/2024 06:16 by hamhamham1 Regarding share price, the board generally just care about the business, is there work coming in, is it profitable, what debt like, etc. ie the ability of the business to keep functioning.IMO They don't really give two hoots about the share price levels, although cannot openly say that. |
Posted at 05/12/2024 19:18 by thisisnotaspoon My quasi-informed opinion is that Wood never seems to react much to short term news about contract wins. It's business is selling engineering hours to execute projects, there's always news, it's just background noise.It's share price is therefore just a reflection of how far off the big investors believe it is from paying dividends again. And that's only really affected by quarterly/annual reports like last month.Look back 7 years and the share price is £7.50 and it's paying 27p dividends. It's turnover back then was just over $6 billion, it's currently just under $6 billion. It's very small margins though a few percent off it's costs or a few percent on the market rate for it's services and it's in profit.My bad idea is buying a lot of shares now, wait 5 years and hoping that at some point the market swings back in it's favour or it gets bought out. |
Posted at 20/11/2024 09:01 by davius Chart analysis: what future holds for John WoodJust weeks after the troubled engineering consultant sank to a new low, independent analyst Alistair Strang has run his software and come up with some new forecasts. 20th November 2024 07:15 by Alistair Strang from Trends and Targets The behaviour of the John Wood Group share price has proved how things can go wrong. When we wrote about Wood in March 2023, the share price was about 217p, and our last paragraph ended with a ridiculous looking 38p! We didn’t believe the possibility, and our eyebrows shot up when the price hit 46p the other day. There’s little doubt the share price is probably in the region where internet chatrooms are recommending “it will never be as cheap again”, and so on. Of course, the company had also experienced a takeover bid, just before everything went horribly wrong. From an immediate perspective, movements next below 46p now point at a potential rebound level of 41p. Should such a level break, the best we can do is propose an ultimate bottom of 13p. If this share price intends to claw its way out of trouble, we shall be inclined to regard above 56p as owning some potentials for triggering movement to an initial tame 58.7p. Should such a level be exceeded, our secondary works out at 67p with a third level ambition an eventual 80p. Visually, there’s a pretty big problem with these target levels as they come nowhere close to bettering the immediate short-term Blue downtrend. Perhaps it shall prove to be the case where game changing news shall be required to actually gap the share price upward at the open. We will be inclined to view such a movement as extremely significant, one which should preface some proper price recovery for the longer term. Everything depends on the outcome of Deloitte's independent review of the business. |
Posted at 14/11/2024 15:23 by morgancivils A new message to all Wood employees.CEO message for employee shareholders. All, As an employee who invests in Wood, I am writing to you following our recent trading update and subsequent market reaction which resulted in a fall in our share price. Although I cannot immediately fix the frustration and disappointment that you are justifiably feeling, as your CEO, I want you to know this is something I feel personal responsibility for. As an employee shareholder, I recognise the personal stake you have in our company’s success. Your trust in Wood’s prospects is not lost on me and is something I will work hard to regain as we recover from the impact of this period. Ultimately, I know that people believe actions and outcomes over words and so that is what we are focused on now, through: • Close alignment across the ELT, Board of Directors and our advisors as we manage the initial response • Supporting the timely completion of the independent review and any outcomes from that • Ensuring the recovery of our Projects business unit, together with its successful transition to a more streamlined operating model. Be assured our commitment remains on decision-making that delivers on our promises of a profitable, cash-generative business. That’s our focus and responsibility to all of our shareholders – and that includes you. If you have any questions about your shareholding or the options available to you within your plans, you can find more information here or you can contact shareplan@woodplc.co Thank you for being invested in our business on all levels. We simply could not do it without you. Ken |
Posted at 13/11/2024 09:34 by davius There's a long article re Wood on II from yesterday morning, summary at the end follows:There looks a fair chance that risks linked to the accounting review are (more than) priced in. However, there is no margin of safety given $2.6 billion of net assets is covered 132% by goodwill and intangibles. If the CFO was to buy significant shares, that would be a trigger. As yet, none of the directors has bought after this plunge. It may renew takeover interest, however, once the review is published. Enough shareholders may be willing to remove a blot from their portfolios; even a recent buyer, Franklin Mutual, halved its stake to 2.5% in response to the update at around the share price lows. The stance is thus now – to me – a fudge of “hold” where reasons exist still to anticipate upside, yet the situation has become too risky to rate an investment-grade “buy”. Speculators appear to predominate in early dealings today with the price edging up 1p to 63p. |
Posted at 08/11/2024 11:04 by kingston78 Vistry has reported problems with one of its trading divisions, and its share price has dropped 18% this morning. In contrast, WG reported some problems yesterday and its share price dropped 60%. I know that they are different companies and their issues are different. However, the drop yesterday was not an over reaction, but a deliberate attempt by some large funds driving it down to profit on a short term basis. They still attempted to suppress the share price after it rose to 52 p dropping it to 46 p early morning. Enough was enough. Now the price has clawed back 18%, but is still a long way down. Some short term traders have taken a profit, and it is not staying at its high of the morning.I don't expect it to reach 100 p but I think it will reach at least 70 p next week when things calm down. |
Posted at 07/11/2024 22:01 by kingston78 I agree with dealy. The bad news had already been flagged beforehand. A financial review might uncover some incorrect procedures or aggressive accounting policies, which may require prior year accounts to be re-stated. BUT this has no CASH effect. No cash has been lost or mis-stated; only an amount of profit or loss be adjusted usually.Unless serious fraud has been discovered (God forbids) I don't see what the fuss is about by driving down the share price by so much. I suspect that shorters are having a field day piling on the pressure. I expect that once people calm down and digest the issues, and maybe the shorts are closed, the share price will soon recover to the 75 p level. |
Posted at 24/8/2024 07:19 by maywillow Why this unloved FTSE 250 stock could turn 55p into at least £1This FTSE 250 share’s fallen 33% in August after a takeover bid fell through. But Roland Head explains why he sees an opportunity here. Posted by @rolandhead Roland Head ❯ Published 24 August, 8:05 am BST WG. When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Shareholders in FTSE 250 energy services specialist Wood Group (LSE: WG.) have had a tough ride over the last couple of years. Hopes were high in July that a 230p bid from Dubai-based rival Sidara might provide a profitable exit from a difficult turnaround. But the bid fell through on 5 August when Sidara decided not to make a firm offer, blaming “geopolitical risks and financial market uncertainty”. This situation has left chief executive Ken Gilmartin under renewed pressure. However, Wood’s latest half-year results suggest to me that a genuine recovery’s underway. If Gilmartin can deliver on his targets, my analysis suggests the stock could be too cheap at current levels. Performance is improving There’s an old stock market saying that turnover is vanity, profit is sanity and cash flow is reality. What this means is that it’s easy to boost sales (turnover) if you aren’t too worried about making a profit. Gilmartin’s wisely resisting the temptation to boost revenue with risky, low-margin work. Instead, his focus is on improving profit margins and cash generation. This should make Wood Group a better-quality business. The company’s half-year results suggest to me that he’s making progress. Although revenue fell 4.8% to $2,844m compared to the first half of 2023, adjusted operating profit for the half year rose 14.2% to $102m. Cash flow from operations also rose 29.3% to $51m on an adjusted basis. Wood Group hasn’t yet reached a point where it’s generating surplus cash to fund debt repayments or dividends. But it’s getting closer. Gilmartin left his financial targets for 2024 and 2025 unchanged at the half-year mark and expects to report “significant free cash flow” in 2025. Why it could be too cheap Broker forecasts I’ve seen suggest Wood Group could generate $136m of surplus cash in 2025. Comparing this estimate to the company’s £925m market-cap gives me a forecast free cash flow yield of 11%. As a rule of thumb, I’d consider anything above 6% to be potentially cheap. But there’s a catch. Wood Group has more than $1bn of net debt. That’s a bit too high for my liking. If the company hits its free cash flow targets, I expect a lot of this cash to be used to repay debt. A return to dividend payments could take longer. However, the firm’s debt problems are no secret. They’re one reason why the stock’s trading more than 40% below its book value, which I estimate at 245p per share. If Gilmartin can rebuild Wood’s profits and cut debt, I think the share price could bounce back towards that 245p level. Based on a recent price of 135p, this could turn 55p invested today into 100p. Wood Group still faces turnaround challenges, and its order book could shrink if oil and gas markets slow. Debt remains a risk, for now at least. The company also has nearly $300m of historic liabilities relating to asbestos compensation payouts. These are expected to continue to at least 2050. Even so, I think most of the risks are now reflected in the share price. If Wood Group’s recovery continues as expected, I reckon the shares could perform well from current levels. |
Posted at 21/8/2024 03:16 by ashkv Please note the above savings have already been done away with due to higher salaries and significantly more headcount if you take the trouble to read the full interim results..Below is an article in the FT post an interview with WG's CEO. What he is conveying is almost a copy paste of what the chap was spouting a year back / circa 2023 - when net debt was USD 500m less - as of yesterday' interim net debt is within touching distance of USD 1bn... John Wood Group boss pledges growth as pressure mounts after share plunge UK engineer’s chief executive Ken Gilmartin rules out switching listing to New York despite activist pressure John Wood Group has faced pressure to sell itself, with some investors thinking it would have more flexibility to execute its recovery strategy as a private company Lukanyo Mnyanda in London YESTERDAY The boss of UK engineer John Wood Group has insisted the company can deliver growth and boost the share price after it plunged this month following the collapse of a second takeover bid in just over a year. Ken Gilmartin, who has been chief executive at the group since July 2022, also ruled out moving the company’s listing to New York, despite pressure from a leading investor activist. Sparta Capital Management said earlier this year that Wood should “actively seek alternative” solutions to its UK listing, which included switching to New York. Gilmartin said this would not be a “cure” for Wood’s problems. The company’s shares fell almost 40 per cent two weeks ago after Dubai-based Sidara, known as Dar Al-Handasah, walked away from a plan to acquire Wood for 230p a share, citing “geopolitical risks and financial market uncertainty” as global markets plunged. Wood’s share price has barely moved since then, although it gained 1 per cent to 134p after the company unveiled an 8.5 per cent jump to $219mn in its first-half adjusted earnings before interest, taxes, depreciation and amortisation on Tuesday. Sidara’s failed takeover bid followed a similar move by US private equity company Apollo Global, which decided against pursuing a deal for Wood in May 2023. Apollo’s 240p-a-share bid had at the time valued Wood at about £2.2bn, including debt. The stock has fallen 20 per cent since the start of the year, giving Wood a market capitalisation of £927mn. Although the company has developed plans to improve costs and pricing, the weak share price has put pressure on management to speed up plans to deliver growth. Gilmartin told the Financial Times that the company had a bright future on its own and that he was confident of winning back investor confidence by delivering on a pledge to cut debt and generate “significant&r “The one piece that investors will ask [for] will be that return to positive free cash flow,” Gilmartin said. “And when we can return to that sustainable free cash flow, which is front and centre on everything that we do . . Wood has faced pressure to sell itself as some investors believe it would have more flexibility to execute its recovery strategy as a private company. It has also been under pressure to move its listing from London. Gilmartin said the company had considered but rejected such a move. “Is that going to be the thing that cures all of the issues that you have?” he said. “We need to continue to grow. We need to do that sustainable free cash flow piece [and] deliver on that. The listing doesn’t fix that.” |
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