Cheap as chips at Β£526 Mar 2019 11:19
I listened to the chief exec talking on radio Scotland last week..all very posative in my mind and being able to load up below Β£5 is a no brainer to me.....
'Broaden and diversify'
Wood chief executive Robin Watson told BBC Radio's Good Morning Scotland programme: "The whole strategic rationale of the deal that we just completed and the strategy we have had for the past four years is to broaden and diversify the sectors that we are exposed to.
"Just now, we are about 30% upstream and midstream oil and gas. Previously as Wood Group we were 90% oil and gas."
Wood also reported that full-year losses narrowed to Β£5.7m, from Β£22.6m, after exceptional costs of Β£138m. Its order book currently stands at about Β£7.7bn.
Its net debt was reduced over the year by Β£340m to about Β£1.1bn.
Mr Watson added: "Our performance in 2018 has strengthened our conviction in Wood's potential and we are excited about our prospects. We are confident of achieving further growth in 2019."