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Aucuba - am not trading this a one off - you know the way I work by now. REduce the average cost of a share to sub zero and below if possible.
Had a sub zero average cost in this stock and a low holding and have recently added 133 to 143 ranges. Still showing an average cost below 62p despite the adds. I hope it never goes there again.
Will trim when it rallies and add when it falls. Works well withi this share.
Want to be a holder as Apollo may get a different answer this time should they return with a fresh bid around £2.
Never say never.
Without a crystal ball it is impossiable to know the tops and the bottoms. Everytime you buy you pay the dealing fees and the tax. When selling you still have the dealing fees and spread to consider. I'm hanging on to my small position and don't subscribe to the buying and selling trying to get the average purchase price down, especially when the price is dropping. This can be a dangerous game !!
MaryBr
You keep saying the sbut that only works if the share eventually goes up and you time the getting in and out piece. Unfortunately this one is not doing the swing piece - it's going down as JG68 says even on days which should be supporting a move up based on other indicators. BOD will not be able to refuse/rebuke another offer around the 230/250 mark but even that ship may have sailed!!
Add trim makes sense here, contrarian the moves.
Sell off add spike trim.... 130 to 180p range works well.
Rhino
Time for WG. to prove to shareholders here that they will restore WG. to the Apollo bid level.
WG. BoD do not look out for shareholders.
Have been adding here of late.
Yes it is difficult to remain positive here. Being a LTH I will give it the rest of 2024.
Lets hope at that time I do not have to take some very unpleasant medicine. GLA
Agree with you Acuba. I have a small holding in this and hoping for a lift to at least 175p The faith in the share you mention has been generated by the rampers and others continually pushing it. Some of these are now pushing stocks like Petrofac, Vanquish Bank, Superdry, Currys, all on the slide, yet encouraging others to invest hoping for the next big thing. I am now very wary of comments on bulletin boards and have learnt to avoid these type of stocks and the chancers pushing them
This is just falling despite the raised guidance, despite the oil price, despite any green days on the FTSE 250, similar to a lot of my UK mid/small caps.
And we can all be sure any sell off day we will get hammered. 5h1t show at the moment.
Down - as per my post yesterday. It's heading below 140p at the moment so no sign of this one stopping the downward trend.
If someone moves in with an offer then the BOD will have to have a good reason not to accept with this sort of movement
This spring pattern on the daily chart works as a huge catalist. The question here is WHICH WAY? UP OR DOWN? More reasons to go up or down? Gla
The confidence shown in this share by a large number on this board never ceases to amaze me. This share is not going anywhere unless another buyer decides to make a move. I was along time holder but decided enough was enough and cut my losses at 175p.
I hope those of you holding on the basis of a move north of 200p get there but it might be a long time in coming and there are better places to put you money at the moment and earn a reasonable dividend return.
Sorry for there gloom and doom but enough is enough - at least it is for me.
FMR and FIL (same entity) have both increased their holdings in Wood in 2024.
Together they own nearly 20% of the shares. Significant!!! FIL appears to be more active increasing/decreasing their holdings.
Yes I just noticed that but if you look over the previous few months they had been steadily reducing in decent amounts-the weakness may just be general lack of interest in the stock and not due to FIL but knowing how they operate I reckon they not been helping…either way I’m relaxed as VERY cheap and happily accumulating stock … I called SPT as a bid stock in the last few weeks and my money on this to be next…we shall see
Chelmochaser
Didn't they actually marginally increase in today's RNS ?
Previous post 21/2
Hi JG68
Very oversold here
I believe FIL are the reason for the weakness as they a large holder and been constant sellers as you can see by the RNS’s
From previous experience it is their style to just sit on the offer and sell relentlessly without any finesse ie sell into rising prices as and when demand is there.
I’m happy to be adding to my large position re my earlier post a couple of weeks back, once FIL have fulfilled their selling target the stock will undoubtedly bounce and rally hard.
The EV/sales ratio is about 25% - very cheap and will re rate in time…I expect them to be back in play soon and only a matter of time until someone comes knocking
Is this being kept down because of PFC or is something afoot?
Also does anyone know what their operating profit is due to be, not the stated ebitda ?
Meanwhile 1.76 January 22
1.42 March 5
20% retrace
The sooner more bids come in for UK companies the better. Stock market needs to wake up and smell the coffee.
Anyone know what their actual operating profit is forecast to be?
Not the Ebitda that they bang on about.
UK market is a bid a day lotto at the moment......
WG. is a prime candidate as is FSJ.
Better a holder when these come to pass.
A great few weeks
CURY DLG SPT
The best bit is it frees up funds to load up on other shares in the doldrums of which there are many.
Expecting an offer for TRN RNK JD. GNC SSPG even EZJ and many more DOCS HFD.
2024 the year of the bid.
Thanks Mary, My (ambitious) target for Wood is April 2023's high of c. 224 but even 180/190 levels would be good to see in the short term. Last RNS was strong. Looking forward to end March final results, feel this is being driven down to see a spectacular uptrend after them.
Agreed, the UK is like a Home Bargains clearance sale bin right about now :)
Wasnt it over a year a go now ? Wondering if managment got anything else up their sleaves? Gla
Checked back, 12th Jan did nothing but added mid Feb and been adding since.
Swanley
Was fortunate to have traded my holding to a sub zero average cost and have been adding as there levels aroound 140p. A retest of the recent lows but there seems no reason to expect a downside surprise given the recent update which was very positive.
https://www.lse.co.uk/rns/WG./fy23-trading-update-uitenpy99n2uyr0.html
Have been adding back at these levels whilst keeping a very low average cost when building up.
Upside surprise, bid interest, dividend return, continued improvements - this shares flies when it moves so a +15p ++ day could arrive.
Just wanted to be in with a bigger holding and expect in 2024 that 180/190 to be reached & breahed. If not I will add on drops until it spins around.
UK incorporated is being bid on most days and already a target - WG. is in the mix.
What do you know here Mary? Any insights?
I bought in on 12th Jan's rise, but it's just chopped sideways. Feel it's undervalued with their current order book.
Added