Member Info for Aucuba

johnjohn
Dont disagree with anything you are saying but the reality is in the share price. At this point I would have been more relaxed about an upwrd movement if the CMD was closer than late Q4 - if what they say is true then teh strategy post asset sale must already be baked - new CEO isnt going to fundamentally change that is he so whay wait? Maybe they want the salke done and dusted so they can show the new Wood more clearlybut again I dont expect massive upside until they do all this.
Again - just my view and I would love to be wrong

Back of enevelope calculations very seldom reflect reality. The fact they have pushed the CMD back to late Q4 is a "kick teh can" on strategy and thats what the market wants to see. Market confidence in this one is not there yet and will not be until they complete the sale, reduce the debt AND make it clear to teh market what teh post sale Wood looks like in forward projections. When this is done and the macro environment improves (:)) then the 400p might be attainable but until then its going to bouce around.

I agree there is no real negatives in their but I cant see the share price moving much to the upside based on all this. It was all in the mix beforehand. Id love to be wrong and the price really does not reflect the reality of teh situation but its been like that for months.

Asset sale is I believe contingent of regulatory approval etc. as with anything this size but cant see any reason why its not a done deal. My only concern would be the buyer had some get out clause in the offer but thats unlikely given the companies have made the deal public.

Chelmochaser
Was hovering over teh buy button yesterday but held off. This is so oversold but Im struggling to commit to any sort of movement on the upside at the moment. I always worry about what the big boys know that I dont :)

And still it goes down. Really hard to understand isnt it !! The update tomorrow is a worry as lots bailing bewfore the announcement so makes me wonder if there is some bad news coming. Im too far in this one to just write it off and holding until such time as I need ot sell.
Even great news on contracts (theres been a few since last update) and the asset sale is not going tyo move this one far in my opinion.
Anyoner think this could be ripe for takeover at this level?

Really conerning - two days until the trading update and this is really taking a beating. Market is not great but Wood is definately out of favour and youve got to believe the trading update is not going to tunr this one around.
Interesting to watch how this moves when teh US opens - it normally takes a leg doiwn then as well.

Dagenham Dave

I dont know if anyone knows what is going on - market cap seems ridiculous as you say. You have to belive there is something in teh background which us minority shareholders are not party to. Its now testing 52 week low and thats after the asset sale was confirmed!! Crazy days for this one.

US grabbed this one again - pulled it almost straight down!!

I was referring to the one day drop. Fully aware of the monthly move but that was not my point

Pokerchips
Just thinking on your post re PUT Options. Wouldnt that expiry be the 30 June and therefore any impact would have been in the share price today? Not really up to speed on PUT Options and Exercise Dates etc. so maybe missing something :)

Good follow on from the pre feed work they executed and a road into the detailed engineering work. Seems a short timeframe for completion for this size of project so suspect they are throwing a lot of people at it in the UK and elsewhere

Pokerchips

Good point on the Quarterly Options. Most of the market flashing red today but I cant help but look a the market cap and compare it with a pending asset sale of $1.8b - crazy!!

Whole market is down - end of quarter and global fears weighing on all sectors. Fact is Wood is no longer an oil and gas service company but shares dealt as if it is and that will not change in the short term.
Asset sale and clarity on what they are going to do with the cash will help but they will need to get a couple of good updates under their belt also with the new CEO at the helm.
Hard to keep the faith in this sort of market but I added a few today.

US open today should be interesting what with the UK dropping so hard at the end of the quarter

Nacho99
Those numbers are the cummulative for the day surely. It shows more buys than sells certainly but in reality for every sale there is a but - Uncrossing Trade at the end of the day takes care of difference between buy and sell numbers.

I think I am right in what i am saying but sure someone with more knowledge than me will step up to correct if Im wrong

Fortissimo

I gree with most of your post however i dont think the market agree too much on teh new CEO appointment. Company is very adamant about a new phase and transformation into alternative energies so I believe the market would have been happier if this had been supported by the appointment of "new blood" from that sort of industry background - a known entity in that space so to speak.
Internal appoinmtment's are usually good but I dont know the new guy and neither does the market. He's been in the COO role for a relatively short period of time (hired with CEO position on teh cards maybe?) and analysts will not have had sight or experience of him before.
The asset saleis not done until its done of course but it will get there. In teh meantime debt stays where its is - higher now than 6 months ago.
Crazy SP based on projected fundamentals post debt buy down etc. but we are not there yet and this was my point a few days back when I was accused of being negative. Also - shorters not moving out!

I know I said I was out of this board but could not resist this given your previous comments. You accused me of being insiduous but here we are - dropping like a stone but as you imply probably due to my negativity and ability to move stocks with a post on the LSE board:) You can blame overall market all you like but this ones in the dumps and is still going south. 52 week low may be tested but 190 was your "floor" if I remember correctly so hang in there.... i really do think the 6monthly update coming is going to do this one no favours what so ever

Do you Reven remember posting this onnly a couple of days ago?
"I have support down around here and looking for a bounce. Surely some contract news is due?? The price then was around 190p.
When was your first post on Wood?
If the best you can do is call me insidious because I dont agree with your point of view then thats OK but at least use a word you understand. How can anything I say be considered as "proceeding in a gradual, subtle way, but with very harmful effects."

Ive never got into this sort of exchange on this board before and wont do so again as I'm out of here. Better people to listem to have discussions with on other boards.

Track oil price against Wood and youll see I am correct. Im honoured you took the time to look through my posts but Im heavily invested in Wood - I just dont see things through rose coloured glasses like some on this board. I didnt realise you were only allowed to post positive sentiment.

They will come through this on teh up side but thats a way off - 2023 and beyond. I dont sell and buy on this stock - its a long hold for me - why would I have any axe to grind.