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Probably Fidelity?
GLA, whatever happens on Tuesday!!!!
Somebody is confident at £1.45.
@Aucuba
I hear you too.
Many stocks retrace, from last November the stock market has risen and floated most boats but shares move indivually not collectively. I called s&p 5k and Dow 40k about 8 months or more ago. Check back. This creates opportunities. I now call for FTSE 8600 as the US cools off though that move is not yet finished.
Some like RR. took a long time to bottom and plenty of opportunity to gain a foothold though not without ri sk at the time. Now RR. is in a different phase. WG. Is still in that ebb & flow, disrupted by the Apollo bids.
WG. Will get through the bottoming to. No need to avoid stocks that fall. Just believe in the recovery and give it time.
WG. gave several false starts and yes luck played a part with the Apollo bids, however the snooker rack system leads to adds and trims and that protect the downside, rather successfully allowing the option to remain in a stock even after a shock drop.
All I try to do is reply earnestly to genuine questions and will not be swayed by derogation from others (not talking about you).
This may yet have a profit warning ⚠️ which will be an add if it happens. I prefer to believe that next week will be positive here but either was will add & trim as usual.
GLA, great weekend.
Mx
Dedino
Trying to answer a question honestly. You should try it.
It’s probably sold off ahead of the announcement next week
Mary no one is buying your theory mate, you do love your sound of voice ,lol
Dropped to fill order? Gla
Massive bonus’ just paid out
End game in sight
Shareholders will get fk all
Yes Mary but ..... it was 176.40 a month ago!!!!
I hear you about averaging down and "free" shares but I submit that's down to luck more than anything else. Playing that game with this one is like trying to catch a falling knife. Its down 6% today and by any measure that's dreadful and could be setting them up for another bidder who will offer less than Apollo and the BoD will not be able to simply push it back again. The BoD are not delivering and will not be trusted if another bidder throws their hat in
The board will walk
RI or Apollo may be approached to save them on the cheap
Guess they need a recapitalization
@ scott240
How so ?
Was 117p at a point in Jan 2024 and sub 140p last week?
Traded these shares for long enough to bring my average cost down to below £NIL.
Basic / crude example
Buy 20000 shares at £1.05 (Oct 2022) Cost £ 22,056
Sell 12000 shares @ £2.25 (Apr 2023) Proceeds £26,405
>>>>>Remainer 8000 "free to me" shares PLUS £4,349 cash. This is how
This is a Core holding that can be added to on a pull back or reduced on a further rise.
The above is only an illustration. (NB there many more trades to achieve this position as well as well timed purchases and sales and a bit of risk etc.)
Others record it differently as I am sure they will tell me.
[Stockholding 8000 @ £1.05 - Gain £13,171.40 as per SA return]
The method is useful to make quick decisions to improve when the tops and bottoms of ranges are hit.
Enjoy your evening.
Disastrous day for holders
Debt pile impacting going concern
Board need to walk now after massive bonus’ paid out
Mary , please translate, lol
I had my average holding cost as sub £0, so my strategy works well here. Have been adding and selling within the range and unless we are getting a profit warning then all is good.
One year one and I have a lot of "free to me" shares in WG. with potential to gove to £2 or £1.20p - my aim here is for a core of50000 "free to me" shares before the year is out.
I'm sure that activist shareholder that wrote the oven letter before the bid last year, is far from happy.
But imo part of the whole issue us the UK market / mms destroying the market.
Mary
We are a year further on from the place the BoD rejected the Apollo offer promising great things but here we are in almost exactly the same place as we were before the offer. Total under delivery to the shareholder. How long are you expecting the BoD to take to deliver? Hang on in there with your strategy - you obviously have great faith in this one but its really not going anywhere in the short/medium term and the latest rumour on job cuts means no dividend this year.
Asleep
Why a reversal upwards this afternoon? US market usually take this one down even on a good day!!
Agreed, it's got a lot going for it and I hope to see a recovery to at least bid price or a better offer than last time at some point in the not too distant future.
I'm expecting a reversal back upwards this afternoon.
Swanley - expecting the BoD to deliver the goodies, cost control, cost savings, sunny uplands and a new contract.
They told us the 240p offer undervalued the company.
Wood's board said on April 17 it would engage with Apollo and give it access to due diligence, having previously rejected four earlier proposals from the firm.
A year on, 4 offers rejected !
Mary, I see Wood currently being supported by a shallow uptrend from the low of October 10th 2022. If we see price break down below about 145, then I'd see that trend broken. Seems the weekly 100MA is still in control:
https://ibb.co/9Y8g2nx
The YTD chart is interesting. Hit the 200 wma at 153p 15th Feb and again yesterday prompting a sell off as it failed to breach.
Has traded below the 20 day WMA and 50 day WMA on since 30th Jan only recently broke the 20 day WMA on 6th March failing and then again on 14th March also slicing through the 50day WMA on 18th.
Towards move is straight from the 200day WMA and sliced through both the 50 and 20 day WMA.
A down trend confirmed or news.
Such a tight range at the moment with 140p the recent bottom. All to play for.
Contrarian in me has added.
Not a recommendation.
Added back my 153p sales cheers