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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

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Share Price: 149.80
Bid: 150.10
Ask: 150.50
Change: 0.00 (0.00%)
Spread: 0.40 (0.266%)
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Friday tips round-up: Sports Direct, John Wood Group

Fri, 13th Dec 2013 09:18

Sports Direct pile-it-high-sell-it-cheap business model is not very innovative, but they are very good at it. Over the last year the company has seen its share price rise by 76 per cent, staff received a 78,000 pound bonus each and first half sales increased by no less than 24 per cent. Naturally, the latter means that its clients are more than happy with the current set-up. The exception to all of the above are some of the company's suppliers, such as Adidas. The German sportswear maker is refusing to let Sports Direct sell replicas of next year's Chelsea home jerseys. It may be sore that SportsDirect undercut its prices on this year's kit. However, the tiff will in all likelihood blow over. Furthermore, only half of its sales come from third party brands, although Adidas is a big part of that. In any case, at 22 times' earnings the stock price is discounting a successful push into Europe. The company's chief, Dave Forsey, has his work cut out for him, the Financial Times' Lex column said. The additional detail provided by John Wood Group on Thursday hit the company's shares hard, even though it was merely an extension of the outlook which it published last August. Simply put, the company's engineering division is feeling the impact of oil majors' renewed focus on the economics of large investment projects. That division is geared towards work on the initial stages of large installations in oil and gas. As well, its turbines division has seen a slowdown in orders, to which one must add some deferrals from clients on maintenance. However, the firm's PSN arm is more exposed to operational spending - which must go ahead no matter what - and has a large exposure to shale. In any case, the fact remains that revenues and earnings will be up next year for the group as a whole because of that segment. Selling at approximately 11 times' forward earnings, the diversification of its business units and the fact that big projects which have been delayed will one day have to be started, work in Wood's favour. Hence, Thursday's share price fall looks overdone, though it may take the market a little time to cotton on to this, The Times' Tempus wrote. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.AB
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28 Mar 2023 10:40

John Wood swings to 2022 loss on business disposal impairment charge

(Alliance News) - John Wood Group PLC on Tuesday said it swung to a loss in 2022 due to a heavy exceptional impairment charge, as it failed to resume dividend payments.

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28 Mar 2023 07:49

Wood Group profits at top end of guidance

(Sharecast News) - Wood Group said on Tuesday that full-year profit was at the top end of its guidance range, thanks in part to solid performances from its consulting and operations businesses.

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21 Mar 2023 15:49

UK earnings, trading statements calendar - next 7 days

Wednesday 22 March 
Anpario PLCFull Year Results
Atalaya Mining PLCFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
BioPharma Credit PLCFull Year Results
Blackbird PLCFull Year Results
Bloomsbury Publishing PLCTrading Statement
Essentra PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Genel Energy PLCFull Year Results
Hostelworld Group PLCFull Year Results
Judges Scientific PLCFull Year Results
Kenmare Resources PLCFull Year Results
Literacy Capital PLCQ3 Results
LSL Property Services PLCFull Year Results
Mpac Group PLCFull Year Results
NAHL Group PLCFull Year Results
Pendragon PLCFull Year Results
Pharos Energy PLCFull Year Results
Sareum Holdings PLCHalf Year Results
Ten Entertainment Group PLCFull Year Results
Vistry Group PLCFull Year Results
Thursday 23 March 
C&C Group PLCTrading Statement
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Inchcape PLCFull Year Results
Playtech PLCFull Year Results
Pollen Street PLCFull Year Results
Portmeirion Group PLCFull Year Results
Safestyle UK PLCFull Year Results
Wickes Group PLCFull Year Results
Friday 24 March 
Ceres Power Holdings PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
NAHL Group PLCFull Year Results
Smiths Group PLCHalf Year Results
Sopheon PLCFull Year Results
Tribal Group PLCFull Year Results
Monday 27 March 
Aeorema Communications PLCHalf Year Results (TBC)
Belvoir Group PLCFull Year Results
Carnival PLCTrading Statement
CentralNic Group PLCFull Year Results
Crimson Tide PLCFull Year Results
Dialight PLCFull Year Results
eEnergy Group PLCHalf Year Results
Equals Group PLCFull Year Results
Hyve Group PLCTrading Statement
IQGeo Group PLCFull Year Results
Life Science REIT PLCFull Year Results
RTC Group PLCFull Year Results
SigmaRoc PLCFull Year Results
Tandem Group PLCFull Year Results
Thungela Resources LtdFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tuesday 28 March 
AG Barr PLCFull Year Results
Animalcare Group PLCFull Year Results
Bango PLCTrading Statement
Bellway PLCHalf Year Results
CPPGroup PLCFull Year Results
DigitalBox PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eleco PLCFull Year Results
Empresaria Group PLCFull Year Results
Flowtech Fluidpower PLCFull Year Results
Good Energy Group PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
James Fisher & Sons PLCFull Year Results
John Wood Group PLCFull Year Results
Marlowe PLCTrading Statement
Mortgage Advice Bureau Holdings PLCFull Year Results
Nanoco Group PLCHalf Year Results
Ocado Group PLCTrading Statement
Personal Group Holdings PLCFull Year Results
Petershill Partners PLCFull Year Results
Real Estate Investors PLCFull Year Results
Regional REIT LtdFull Year Results
S&U PLCFull Year Results
Softcat PLCHalf Year Results
Synthomer PLCFull Year Results
Team17 Group PLCFull Year Results
United Utilities Group PLCTrading Statement
VH Global Sustainable Energy Opportunities PLCFull Year Results
Xaar PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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20 Mar 2023 09:44

Unite says 1,400 UK offshore workers to strike 'within weeks'

March 20 (Reuters) - Some 1,400 UK offshore workers are preparing to strike "within weeks at sites operated by major oil and gas companies, the Unite union said on Monday.

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20 Mar 2023 08:18

Unite says 1,400 offshore workers across companies to strike at UK continental shelf

March 20 (Reuters) - British union Unite on Monday said multiple industrial actions would hit major oil and gas operators as 1,400 offshore workers get set to strike "within weeks."

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17 Mar 2023 09:39

John Wood extends deadline for takeover offer from Apollo to April 19

(Alliance News) - John Wood Group PLC on Friday said it agreed to extend the put-up-or-shut-up deadline for Apollo Global Management Inc to make a formal takeover offer.

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17 Mar 2023 07:16

Wood Group grants Apollo extension on bid deadline

(Sharecast News) - Private equity firm Apollo has been given an extension on whether it will formally bid for Wood Group after three prior approaches were rebuffed.

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14 Mar 2023 13:49

John Wood sells labour supply operations in Gulf of Mexico to Danos

(Alliance News) - John Wood Group PLC on Tuesday said it completed the sale of its offshore labour supply operations in the Gulf of Mexico to Louisiana-based energy services contractor Danos.

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8 Mar 2023 11:17

Jefferies downgrades Wood Group to 'hold'

(Sharecast News) - Analysts at Berenberg downgraded engineering services firm Wood Group from 'buy' to 'hold' on Wednesday following a fourth cash offer for the company.

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8 Mar 2023 09:20

LONDON BROKER RATINGS: Jefferies cuts John Wood to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

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7 Mar 2023 17:15

UK stock indexes close down after Powell's hawkish remarks

Premier Foods climbs on annual profit outlook raise

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7 Mar 2023 17:02

LONDON MARKET CLOSE: Stocks down as Powell comments knock confidence

(Alliance News) - Stock prices in London closed lower on Tuesday, after Federal Reserve Chair Jerome Powell appeared to confirm that interest rates in the US are set to rise higher than markets previously expected.

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7 Mar 2023 12:21

LONDON MARKET MIDDAY: Stocks static ahead of US Fed chair testimony

(Alliance News) - Stock prices in London were broadly flat at midday on Tuesday, though the FTSE 100 crept into the green, as investors waited for Federal Reserve Chair Jerome Powell's two days of testimony before the US Congress.

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7 Mar 2023 12:09

CORRECT: John Wood shares up as receives new Apollo takeover approach

(Correcting headline to clarify that John Wood has not rejected the proposal.)

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