Member Info for Aucuba

Yeah - whole markets taking a bit of a battering on the back of SVB. This one however seems to be taking more than most. Hey ho - easy to forget where this was just a few weeks ago however.

Should have got out last week I think. Obviously a bit of correction going on here. Anyone have a view on. the substantial drop today? Are we just seeing investors pocketing the recent rise?

... with a target of 237p. what a surprise!

From the RNS

"The Board believes this Latest Proposal continues to undervalue the Group and is therefore minded to reject."

The use of the words "minded to reject" is a bit worrying for me as it seems to indicate a shift in Wood's position. Seems strange to change to this tone with an increase of 7p per share. Maybe just trying to keep them on the hook and get more bidders. Like others on this chat it's a worry they sell too cheap!

So …. Berenger issues a buy rating with a target price of £1.65

This one struggles to hold the high ground. great out of the starting gate in the morning then fails miserably after the US opens. Sell around 10am and buy back after 3pm!!!

GWllerz79

I can't disagree with any of your figures but the price is sinking day after day at the moment and we keep waiting on the next report from the company to turn things around.
They need to be posting some good news on the contract award front and not just renewal of existing work. Large award or two in their "new" sectors would be a key in my opinion.
I believe all the big ticket legacy issues are out in the open now and should make them much more cautious going forward.

Don't get me wrong - I'm a long term holder of these and I'm holding - it just seems they are out of favour due to the issues they have had and the wider market is reluctant to support until they get some consistent good news - that could take some time.

I'll take no fireworks - slow and steady.

I got the feeling from listening to the call that the "baggage" from past acquisitions has largely gone and they are more confident of an improving project pipeline - which has been a drag in 2022 - materialising in 2023.

and falling .....

Gonna have to be one hell of a presentation to teh markets to reverse this any time soon

Happy

Understand the currency hit but -15% based on that is crazy. Somthing more at play and gaining anything like 15% in teh course of the day is highly unlikely in my opinion

I didnt expect it to drop this far however. Off almost 15% now and no sign of the fall slowing - I'm obviously missing something fundamental in the RNS

Results are "in line" - nothing special in all this. Obviously market was expecting more and its getting hammered in early trading. CMD presentation is not until 2pm UK time which is surprising as all previous CMD presentations have been early morning

https://www.woodplc.com/news/latest-press-releases/2022/wood-appointed-integrated-services-partner-for-centrica-storage

Pokerchips

Yeah - good settlement in Texas!!! Still getting hammered for it though!

there will be some selling off on this I suspect just on the headline and number.

The AFW acquisition certainly didnt do this company any good whatsoever and you have to think with teh recent divestment they are back on the level. CMD will be interesting with new CEO and strategy

Settlement agreement

The parties have agreed to settle the case for an amount of $115 million. This will be paid in one instalment within the next 7 days.



Implications for net debt

We expect to be around the middle of our target range of 0.5x to 1.5x net debt (excluding leases) to EBITDA at 31 December 2022. This includes the payment of this settlement and the planned decision to use part of the proceeds of the Built Environment sale to normalise our working capital.

johnpohn

I'm interested in why you think this is on the cards?

and places on "positive catalyst watch"

I hold as almost 90% of my current holding in Wood was "given" to me when the company floated. I've really got nothing to lose on this one - fully retired and dont need to fund my retirement by buyiong and selling shares.
Wehjher you believe me or not is not a concern for me.