Member Info for Aucuba

MaryBr190

I love your optimism!!!

News release today on contract win in UK

"Wood, the global consulting and engineering company, has been appointed as the integration project management contractor (IPMC) for Humber Zero, one of the leading industrial decarbonisation projects in the UK."

No value given and no RNS as far as I can tell.

Cheap as chips or .......dying fish?

This company is not focussing on oil services anymore. Granted an uptick in activiy in ha area will help buts not their long term focus

Going to tesdt one year lows next week!!

Harrycash
I appreciat ewe are all entitled to our views but every time this one drops you beat the drum on VC's and HF's - didnt happen the last time and will not happen this time!!

Once this goes through the 220 level i think it will drop well towards the 200p before any sort of rebound

A long way!!!

US open regularly wins the tug and pulls this one down

Increase in shorts yesterday - +0.93% across 4 funds

Have to admit this move surprised me - in a good way!

MaryBR190

Sorry but i disagree with the "fine for now" piece. I think the results are really not where they should be at this point . I expected more on revenue and debt reduction given their lack of dividend.
I dont disagree this will continue to recover but the results indicate it is taking a lot longer than they expected to move into the renewables and infrastructure market. The share price will take i hit today on these results

Im now at the age I cant handle these stocks with the wild swings!!

Still in the market but on much less volatile stocks with some payback at least in terms of dividends.

Well out of this one now. All the "regulars" on teh chat for this one seem to have disappeared of late!

Harrycash
I suspect the £200m guidance includes some other "costs" associated with teh settlement in teh form of legal fees etc.

I believe the US market will drag this down further

Stockready
I agree. I appreciate what was said by Pokerchips about not over egging things but they seem to go far too far in the other direction.

MaryBr190

david Kemp is not the most charismatic of presenters. I knew him quite well when i was there and his personailty is poarticularly dour even face to face. Not the best person to present mediocre news.
Listening to the presentation i did pick up they seem confident of some imminent contract awards. Size and service sector will however be the important points in any awards.

Market is certainly not seeing this as anything positive at the moment. Last two days gains wipped and more.
Watching carefully today as may get out of some of my holding in this one.

Summary
"Improving activity levels and order book growth underpin our confidence in the delivery of a stronger second half, with the group returning to growth relative to both H1 2021 and H2 2020. Our outlook for the full year remains unchanged.

Improving momentum in activity levels in Q2 2021 with growth in Consulting and Operations compared to Q2 2020
Order book at the end of May of $6.9bn, up c6% on December 2020 with good growth in Consulting and Operations. Improving outlook in Projects supporting anticipated order book build in H2
Outlook for FY2021 remains unchanged:
Lower activity expected overall. Increased activity in Consulting driven by continued strength in built environment activity; lower activity in Projects driven by larger contracts in process & chemicals completing and growth in Operations driven by a recovery in demand in conventional energy and growth in process & chemicals
EBITDA margin improvement, as we progress towards our medium-term target of 9.6%. This will be driven by maintained high utilisation, improved project execution, efficiency improvements including $40m of efficiency savings from our Future Fit programme, and our business mix weighted more towards higher margin Consulting"

Nothing special here on first read through. Going to listen to call at 08:30.