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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
  0.30 0.21% 140.10 822,470 16:35:18
Bid Price Offer Price High Price Low Price Open Price
139.75 139.85 141.90 137.00 137.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4,733.07 -59.60 -15.23 969
Last Trade Time Trade Type Trade Size Trade Price Currency
18:06:45 O 5,775 140.307 GBX

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Date Time Title Posts
02/2/202309:46Wood (WG.) Charts only980
31/1/202215:23TipTV Market Roundup: Woods Group to underperform2
24/4/202001:14 *** Wood Group ***753
22/5/200808:02Wood Group: Charts & Fundamentals423
04/7/200410:25john wood group plc.187

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Posted at 05/2/2023 08:20 by Wood Group (john) Daily Update
Wood Group (john) Plc is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker WG.. The last closing price for Wood Group (john) was 139.80p.
Wood Group (john) Plc has a 4 week average price of 137p and a 12 week average price of 120.70p.
The 1 year high share price is 255p while the 1 year low share price is currently 102.05p.
There are currently 691,839,369 shares in issue and the average daily traded volume is 1,364,256 shares. The market capitalisation of Wood Group (john) Plc is £969,266,955.97.
Posted at 12/1/2023 07:44 by ashkv
2022 Trading In Line With Expectations

John Wood Group PLC ('Wood' or 'the Group') announces a trading update for the year ended 31 December 2022 ('FY22'), including the headline draft financial results.
Highlights
·Delivering financial returns
o Results for FY22 in line with guidance for revenue, adjusted EBITDA and net debt
o Strong underlying revenue growth in 2022, led by Operations and Consulting with a return to growth in H2 in Projects
· Transformed the Group
o Financial strength restored following the sale of Built Environment business in September 2022
o Legacy issues addressed including Enterprise litigation settled in November 2022
o Business de-risked with minimal lump sum turnkey (LSTK) work remaining

·Well-positioned for market growth
o Order book of c.$6 billion including strong growth in Projects
o Around 22% of Group revenue from sustainable solutions1

FY22 financial highlights
·Revenue around $5.4 billion: underlying revenue growth at constant currency of around 8%. Reported revenue up 3%, including an adverse impact of around $275 million from foreign exchange rate movements. Growth in Consulting and Operations was offset by the expected full year decline in Projects
· Adjusted EBITDA around $375 million to $385 million: in line with guidance and includes an adverse impact of around $15 million from foreign exchange rate movements
· Adjusted EBITDA margin around 7.1% compared to 7.7% last year. This includes the impact of the previously guided lower margin in Operations, and a lower margin in Consulting that partly reflects the impact from exiting work in Russia
·Net debt (excl. leases) at 31 December 2022 around $350 million to $400 million2,3 - within our guided range
·Order book at 31 December 2022 of around $6 billion with the order book fdelivery in 2023 up by around mid to high single digit percentage on the position a year ago
 
Outlook for FY23
As usual, we will give financial guidance for FY23 alongside our full year results on 28 March 2023. We expect guidance for FY23 to be in line with our medium-term financial targets of adjusted EBITDA growth at mid to high single digit CAGR, with momentum building as our strategy delivers.

As previously set out, we anticipate a material improvement in underlying operating cash flows in 2023 which will be outweighed in the short term by defined payments on legacy liabilities, before a return to positive free cash flow in 2024.

Ken Gilmartin, CEO, said:

"We are pleased to have delivered a result for 2022 in line with our expectations at the half year, including a return to revenue growth and a balance sheet position that reflects the strengthened Group.

"We are focused on growth in energy and materials, both with structural growth drivers - energy security, energy transition, net zero and the circular economy - which create long term growth opportunities for Wood. Our leading positions in these markets, long-term client relationships and expertise in decarbonisation and digitalisation is enabling us to win additional market share.

"Significant contracts won in the second half of the year include a five-year engineering services contract renewal with bp, a three-year contract renewal with Shell in the UK North Sea, and a four-year contract with INEOS to deliver a state-of-the-art petrochemicals complex in Belgium.

"This is a new Wood, led by a new team, and the strategy we recently shared at our Capital Markets Day will enable us to deliver sustainable returns. We have attractive growth prospects in our core markets, we are trusted by our clients, and we have the talent and solutions to enable a net-zero future. We're focused on designing a strong future for Wood and enter this New Year with positive momentum.
"
https://www.londonstockexchange.com/news-article/WG./full-year-trading-update/15792437

Posted at 17/12/2022 10:51 by ashkv
For the uber troll clown Chutes - if you listen to him likely to miss out on the big fat takeover premium that is incoming given WG depressed share price, improving business performance and robust balance with minimal debt - currently less than 1x EBITDA...

pogue
15 Dec '22 - 16:26 - 941 of 953
0 3 0
Thought of this song when I saw you posting chutes, enjoy
hTTps://www.youtube.com/watch?v=lbC4yxjydUc

Posted at 15/12/2022 11:44 by ashkv
he scene is set for Wood to show that it cares about its long-suffering shareholders

At the CMD you have set out a compelling case for the business. With this wealth of information now public, you have provided the perfect backdrop to reset your capital allocation priorities and deploy a buyback

As we advised in our discussions, we strongly believe that nothing will affirm your belief in "New Wood" and its ability to generate steady operating cash, more than putting some of that cash to work in buying back your own shares. We have shown that in our view, you generate over $270m of surplus capital by Dec-24; putting even a portion of this to work in short order via a buyback is highly accretive and makes good business sense. Furthermore, the signalling impact of any such action cannot be underestimated:

1) It robustly underscores your belief, evident at the CMD, that Wood is now operationally and financially on a strong footing;

2) You enjoy structural tailwinds in your business which along with your order book, de-risks your outlook;

3) With your shares trading at a c.50% discount to peers,[18] with your organic investment needs already prioritised, it is manifestly a highly accretive capital allocation course to pursue; and

4) It would return some stability to your share price reducing Wood's beta from its currently unwarranted 1.7.[19] Using a beta of 1.7x delivers a DCF fair value of c.235p, vs a fair value of c.330p using a beta of 1.3, an improvement of over 40%.[20]

We would like to continue our discussions with you, the CEO and the CFO at the earliest possible opportunity.

Above all, we strongly encourage you to expedite your capital allocation policy, signal the confidence you have in the cashflow generating qualities of your business and take advantage of the cheapness of your shares, creating value for all holders and closing the door to perhaps unwanted, opportunistic interest the share price under-performance will have undoubtedly garnered.

For our part, now that our views are in the public domain, we will use the next few weeks to canvass opinion from our fellow shareholders. To that end, we encourage shareholders and other stakeholders to reach out to us directly at contact@spartacapital.co.uk.

Posted at 04/11/2022 13:13 by dexdringle
These are still £1 a share below where they were 6 months ago and £2 a share lower then they were 18 months ago.

I don't think there are any cats and bags here. Just a situation where the share price hammering has been a little overdone ?

Posted at 12/10/2022 11:01 by ashkv
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...

Posted at 12/10/2022 08:03 by ashkv
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

Posted at 29/8/2022 18:59 by ashkv
As Warren Buffet conveyed be greedy when others are fearful... Share price at 0.27 of Book Value...unreal for a soon to be zero debt firm...

From TipRanks - Based on 3 Wall Street analysts offering 12 month price targets for John Wood in the last 3 months. The average price target is 288.33p with a high forecast of 320.00p and a low forecast of 270.00p. The average price target represents a 124.29% change from the last price of 128.55p.

Post HY 2022 Results Barclays has Wood Group at 320p....
24-Aug-22 Barclays Overweight 320.00 320.00 Reiteration

JP Morgan has also changed rating to "Not Rated" .... that is an indication that they are working on a deal associated with Wood Group....
25-Aug-22 JP Morgan Cazenove Not-rated - - Reiteration
23-May-22 JP Morgan Cazenove Overweight 285.00 306.00 Reiteration

Posted at 16/6/2022 10:29 by ashkv
At 180.5p Share Price Wood GroupMarket Capitalisation £1,246 million

Share price down 7% on GBP 1.2 million worth of share volume - barely 0.1%

This is a great buying opportunity.

Should turn around strongly post next weeks update....not long to go...

Posted at 01/6/2022 09:17 by colonel drake
The biggest threat and main reason for share price fall from 400p or even 600p levels was all about the $1.4bln debt servicing and contracted business/rising costs through Covid and inflation. Net result... dividend pulled and real concerns over debt default.

That was fair.

But those threats that drove share price down are no longer there. They have been replaced by a bullish sector backdrop due to Russia/Ukraine war.

The business in 2022 is likely to trade flat but that's with debt servicing factored in, some covid issues (early part of year) and of course the big being inflation. So basically the business is capable of absorbing all that now. As business is booming, inflation drops, debt servicing goes (to some extent) the cash flows are going to be seriously good. Dividend returns... what's not to like.

I remember the share price dip from 230's to 206p a few weeks ago which was then replaced by a surge back to 250p+ based on zero news. So it's clear that the stock moves around based on the hedge funds games but mid to long term the price always sees to want to return to 250p+. Based on news today, it will surely punch through 250p+ and retest 400p levels on resumption of Divi... but that higher level likely some 5 to 6 months off.

I'm a buyer as this is nuts!

Posted at 01/6/2022 08:06 by bwana4
Guys, I don't know if this sale was already priced in the share price.
The last few days the share price has been bought down !! No doubt by Black Rock.
These people play dirty, would they have learned about this before hand!!
Shorts always muddy the waters !!
ATB and GLA.

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