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

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

London Stock Exchange
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Share Price: 132.30
Bid: 132.50
Ask: 132.70
Change: -1.70 (-1.27%)
Spread: 0.20 (0.151%)
Open: 133.90
High: 134.80
Low: 131.10
Prev. Close: 134.00
WG. Live PriceLast checked at -

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Tuesday tips round-up: Mondi, Helphire, Lancashire

Tue, 22nd Feb 2011 06:57

Mondi is one of those perennial biggest companies that rarely makes the headlines, but that may be about to change. The papermaker, which is listed in Britain and in Johannesburg, sits just outside the FTSE 100, but a whacking 111% increase in its full-year dividend to 20 cents yesterday and a renewed focus on returning cash to shareholders might bring it to the forefront of investors' attentions. It will be vulnerable again when the next downturn hits but, for the moment, buy on weakness in the share price, the Times advises.Helphire, which supplies replacement vehicles to drivers involved in accidents that were not their fault, posted pre-tax profits down by 37 per cent to £3.6m for the six months to 31 December, driven by the termination of a number of contracts and lower accident rates. Given that Helphire only trades on a forward earnings ratio of just over 4, some may be tempted to buy their shares. But the Independent thinks further evidence is required that it is on the road to recovery. Hold, the paper says.Lancashire Holdings has only been around since 2005, when it was founded at the end of a damaging year for the insurance industry, with Hurricane Katrina one of many large natural disasters. Yet despite its youth, the Lloyd's of London insurer has performed impressively. despite the recent rally, there still seems to be scope for further gains. Buy, says the Independent.The much anticipated flurry of consolidation among Lloyd's of London insurers has not quite materialised, despite a steady fall in insurance prices dragging down company valuations. One company that claims it would definitely not be taking part in any bidding is Lancashire, which is choosing to return its cash to shareholders instead. Yesterday, the Bermuda-based company reported 2010 pre-tax profit of $339.2m, down 12.6%from 2009 but better than the $272m predicted by analysts. Its stock has risen by close to a third in the past year, making its current valuation seem rather full. Hold, says the Times.Yesterday was John Wood Group's first set of results since the energy service company sold its well support division for $2.6bn and bought PSN, which will add to its "brownfield", or more mature fields, business. The company has a good geographic spread, so should be relatively safe from any further unrest in the oil-producing regions of the Middle East and Africa. Much of this positive news is reflected in the share price, which has risen 80 per cent in the past year. Hold, the Times says.John Wood's shares, that trade on multiples of around 8 times enterprise value to Ebitda (earning before interest, tax, depreciation and amortisation), leaving them slightly behind the sector, which is on more than 9 times, according to Numis. The strong balance sheet, the outlook and the upcoming cash return for shareholders only, adds to the attraction, making this a solid investment, in our view. Buy, says the Independent.Xcite Energy is an oil explorer and developer that is focussed on the oil resources in the North Sea on the UK continental shelf. Xcite, to all intents and purposes, is a one-product concern. The Block G/03B, known as the Bentley heavy oil field, is expected to enter production by the end of this year, moving up to being on full stream by 2013. Forecasts suggest Xcite has a "risk" net asset value of about 624p and, as a result, it is thought the discount is too large. Buy, says the Scotsman.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.
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26 Mar 2024 16:59

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(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.

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26 Mar 2024 09:34

Wood Group eyes cost cuts as hails "significant progress" on strategy

(Alliance News) - John Wood Group PLC on Tuesday announced improved annual earnings, lifted its outlook and announced a "simplification programme" to trim costs.

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26 Mar 2024 09:19

Wood Group misses estimates for 2023 but upgrades guidance

(Sharecast News) - Shares in Wood Group slumped on Tuesday despite an upgrade to its current-year outlook, as the engineering company reported wider-than-expected losses and increased debt levels for 2023.

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19 Mar 2024 15:54

UK earnings, trading statements calendar - next 7 days

Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
IQGeo Group PLCFull Year Results
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Science Group PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
Monday 25 March 
Amaroq Minerals LtdFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
Central Asia Metals PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
Kingfisher PLCFull Year Results
Pennon Group PLCTrading Statement
Princess Private Equity Holding LtdTrading Statement
RTC Group PLCFull Year Results
Tandem Group PLCFull Year Results
Ocean Harvest Technology Group PLCFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
US Solar Fund PLCFull Year Results
Tuesday 26 March 
888 Holdings PLCFull Year Results
AG Barr PLCFull Year Results
Airea PLCFull Year Results
Bellway PLCHalf Year Results
CAB Payments Holdings PLCFull Year Results
CPPGroup PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Forterra PLCFull Year Results
Genel Energy PLCFull Year Results
GetBusy PLCFull Year Results
Good Energy Group PLCFull Year Results
Inspired PLCFull Year Results
John Wood Group PLCFull Year Results
Life Science REIT PLCFull Year Results
Luceco PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
NIOX Group PLCFull Year Results
Ocado Group PLCTrading Statement
Petershill Partners PLCFull Year Results
Regional REIT LtdFull Year Results
Smiths Group PLCHalf Year Results
Softcat PLCHalf Year Results
Time Finance PLCTrading Statement
TruFin PLCFull Year Results
WAG Payment Solutions PLCFull Year Results
Xaar PLCFull Year Results
YouGov PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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15 Feb 2024 09:20

IN BRIEF: John Wood Group adds Babcock CEO David Lockwood to board

John Wood Group PLC - Aberdeen, Scotland-based energy and materials engineering and consulting - Hires David Lockwood as non-executive director, joining the board on March 12. Lockwood is the chief executive officer of London-based aerospace and defence contractor Babcock International Group PLC. Prior to Babcock, Lockwood was CEO of Babcock peer Cobham PLC and of electronics firm Laird PLC. Wood Chair Roy Franklin says Lockwood "is an innovative leader who has led large-scale company transformations and consistently delivered value for shareholders, making him a strong addition to Wood's board." Babcock welcomes the appointment, believing it will be "beneficial to both organisations".

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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12 Jan 2024 17:01

LONDON MARKET CLOSE: Stocks in green thanks to US PPI reading

(Alliance News) - Stock prices in Europe ended the week on a positive note, as US producer price inflation repaired some of the damages from Thursday's consumer price reading.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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12 Jan 2024 12:14

CORRECT: LONDON MARKET MIDDAY: Stocks rise after promising UK GDP data

(Correcting euro quote.)

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12 Jan 2024 12:02

LONDON MARKET MIDDAY: Stocks rise after promising UK economic data

(Alliance News) - Stock prices in London were up at midday on Friday, clawing back some recent weakness, following a positive UK gross domestic product reading, and as investors digest the first wave of US quarterly earnings.

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12 Jan 2024 08:32

TOP NEWS: John Wood revenue grows across business; confident for 2024

(Alliance News) - John Wood Group PLC on Friday said that 2023 trading was in line with expectations, with contract wins and strong order book expected to drive growth through 2024.

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12 Jan 2024 07:05

Strong order book boosts Wood Group earnings

(Sharecast News) - Oil industry services company Wood Group said full-year adjusted core earnings would be slightly ahead of expectations on the back of a strong order book.

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20 Dec 2023 17:11

LONDON MARKET CLOSE: Stocks in festive mood after inflation surprise

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20 Dec 2023 17:04

LONDON MARKET CLOSE: Slowing UK consumer inflation lifts local stocks

(Alliance News) - Stock prices in London closed up on Wednesday as local consumer price inflation slowing faster than expected boosted investor sentiment.

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