Member Info for Aucuba

Its falling off a cliff at the moment - cant figure this strong move down. Any news/updates I have missed?

This one is always "waiting" for something to make a move to the upside. Meanwhile it just keeps dropping so in the event something comes along the potential upside from here is really limited. Every day seems to be a down day - market up Wood down, Oil up Wood Down.
If this does not move on completion of the asset sale which I think they intimated would be complete in Q3 (ie this month) then its got to be ripe for takeover

I suspect these director buys are more likely awards or payment in lieu of fees etc.

I would suspect any potential buyer would wait until after the asset sale is done. Cant believe its not on radar at these levels.

Wins like these dont seem to matter at all to this one. It still keeps falling and Id think it must be becoming an acquiation target for somebody at this price.
Im not getting out but would like ot see it just holding in the short term. Volatity used to be here but it appears to have disappeared. I,m not someone who uses charts etc. but must be breaking most rules on teh way downnnnnnnnn!

Cant say I really undersdtand fully the shorting piece. Does the fact the shorts have not reduced mean those holding believe there is more downside here or is there other things they (shorters) need to consider befor getting out (contract timing etc.)?

Barny
I dont have any details about this one, It wasnt on teh radar when I was with Wood at the time of the acquisition. The purchase of AFW was, in my humble opinion, a huge distater for Wood. previous smaller aquaitaions ahev been relatively successful with Wood extracting considerable valuae from the integration. I think the AFW acquisition is one of the reasons the CEO "resigned".
It seems to be one liability after teh other and almost of of them came with the AFW piece. I dont know if any of the asbestos stuff will go with teh asset sale and Wood talked at some point of offloading the majority of the iabilty although not sure how thats done.
I have to think post the asset sale the share price is still going to be stagnent and it may leave Wood open to offers - smaller, leaner company at bargain price? The sale is almost completed as far as I can tell (Q3) but the fact they do not seem to be returning at least some monies to the long suffering small investor is not good. I realise debt reduction is the main focus and they may have some ideas for bolt on acquisitions to deliver their long awaited strategy but .....
Like otherrs on this board i am well under water on this one and really have hovered over teh sell button a couple of times in the last few days.

The sp will go way south on this sort of result I expect. The market is not predicted to be good today anyway so real pai on this

Corry
Good point. Not many >1bn going around in the current climate I would think!

You have to wonder why they dont RNS these. Some pretty good wins lately and these must be buildng teh backlog. Having said that he SP still keeps falling - hey ho!!

I seem to remember the 2021 results were delayed a little. Normally full year results are in March. Trading updates in June and December with mid year results in August

Whats worrying meis Haleon have issued a statement saying they are not party to teh litigation while GSK have said absolutely nothing as far as I can tell

Wood has secured a new contract to deliver engineering, procurement and construction management (EPCM) services for Igneo Technologies’ e-waste metals recovery facility to be built in Savannah, Georgia.

Wood has secured a new contract with INEOS in excess of $100 million to deliver engineering, procurement, and construction management (EPCm) services for Project One, a new state-of-the-art petrochemicals complex in Antwerp, Belgium, which will deliver an ethane cracker with the lowest carbon footprint in Europe.

Below 150 again!!! As always I would like to support the optimism on this chat board about Wood but its hard - the support just doesnt seem there and the shorters show no immediate sign of getting out. Honestly even with a heap of good news in the future its a hard slog up from here. All teh anticipated news about the asset sale is surely proced in by now and a final sale announcement is not going to move the needle as far as i think some people expect.
Just my thoughts and happy to hear alternative views as to why this should go anywhere north of 200p in teh next few months bearing in mind thats a 30% increase! from todays price

They are reducing their holding in Wood. Could be reducing their short position or they believe there is better returns elsewhere

https://www.londonstockexchange.com/news-article/WG./holding-s-in-company/15561523

I cant help but think we are all missing somethngh here....

Yes the market is pretty much in the pits at the moment with many stocks at or near 52 week lows but this one is taking a severe beating every single day. Investors seem to be ignoring the asset sale and any upbeat one liners on 2022 second half showing improving sales through new contracts, potential for dividend reinstatement etc.
Even when the asset sale is confrmed and the proceeds reflected in the accounts I dont see this one coming back anywhere near the 250p mark in the foreseeable future - its a really hard, slow climb from here.
Dont get me wrong - I added a few around the 144 mark and im in with my holding until I see what happens in teh next 6 months or so but I am finding it hard to "hold the line" when the big players obviously see/know something I dont.

Wood have issued a circular regarding teh asset sale and notice of AGM

johnjohn
Absolutely nothing wrong with back of envelope calcs and if that alone is what drives your investment strategy then great. The market however prices in other things including sentiment (on the company and the market in general), forward growth etc.