Member Info for Bigw77

Hmmmmm no news today then.... Wonder what the market will think if that?

Confused by the latest RNS - the holding Barclays took, they appear to have dropped again, but the market seems to like it (?) even more so than the holding they took in the first place. Hoping there is somebody here cleverer than I who can explain it?

Ok ok, its small, its tiny, but..... Marshall Wace took a short REDUCTION.... its 0.04%, but its in the right direction!... Got Wood? YUP! :-)

Ok, I think I've established that Barclays have aquired circa 5% of the business through 3 different routes, a Portfolio Swap ... A portfolio swap is an agreement between two parties where one party pays the principal and coupon payments for a portfolio of bonds. In exchange, the party receives payments that correspond to their liabilities. a CFD ...a CFD is a contract that essentially mimics a financial market, in a swap two parties agree to exchange the cash flows from an asset (typically an equity) for a set period of time AND..... an Equity Swap.... Equity swaps expire at an agreed date and can't be extended or renewed, which limits their potential outcome. If you trade CFDs with shares involved, there's a fair chance that you can obtain dividends.

This can only be read positively, and would appear that somebody is thinking a longer term dividend is on the cards.... QUite different from the dinlow that thought bankruptcy was possible ! - Warm and fuzzy feeling ...

Anybody clever enough on here to interpret exactly what that RNS means? the later dates in the year / following years?

Wood Group tumble ‘overdone’, says Shires

Abrdn manager Iain Pyle does not expect the independent audit at Wood Group (WG) to be serious and says the subsequent share price falls have been ‘overdone’.

Pyle holds the Citywire Elite Companies A-rated oil and energy sector services group in his £110m Shires Income (SHRS) closed-ended investment trust.

It was a negative contributor to the trust at the end of last year after a mixed trading update and the announcement that it was ‘engaging an independent auditor to review recent non-cash impairments of historic business’.

Pyle said that the ‘likelihood is that this is not serious’ and that he regards it as an ‘additional audit opinion sought on a subjective area of accounting policy’. However, the market has taken a different tack and ‘given the company’s volatile recent history it has created uncertainty’.

‘[The] shares fell by 60% [in November] – we see this as overdone, and while we recognise risk is elevated it creates an asymmetric risk-reward trade-off, so we topped up the position after meeting management,’ said Pyle.

Shares in Wood Group have shed 62% over the past year and traded at 62.6p on Monday.

Last five years' updates have been on a Thursday or Friday between the 12th and the 16th - granted thats not a fix in stone, but I'm still expecting something the back end of this week, as for those with the jitters on this, you've got to be in it to win it. GLA

Frustratingly, yes, systematica increased 0.1%

The last few years a year end update has been published around the 12th Jan. No update could spook things even more in my view. Wood website financial calendar currently says no upcoming events, but they don't have to say either way.

Yes - i saw this a while back too. I'm imagining the conversation as being, "well we said do xyz, and you haven't" .... Today feels like this been he calm before the storm - nice to see its held on pretty well this week, I did ven wonder if the shorts might have been starting a slow exit, but that's probably just my wishful thinking!

Elite, today's news?

It was rumoured in mid 2023 - even before those rumours hit the SP was 50% higher than it is now. Feels like wishful thinking, but it would be nice! :-)

Interesting BBC news article https://www.bbc.co.uk/news/articles/c5yd18q248jo - no mention of Wood - but the picture clearly shows Wood involvement (hard hat in the middle) - This is another multi-year project with Wood involvement. What seems to be clear to me from this is that where Wood consistenly fail is in comms with the market. I've referred previosuly to the organisation I work for (similar employee number similar services, but typically different sector focus) - if this was something my org was involved in, we'd be all over it like a tramp on chips... Wood, nothing - no mention, no cheekly little press release. My point is that it wouldn't take that much to do and the value for Wood and critically for us as investors would be significant. I'm in it up to my neck on this one so, yes I'm biased, but I just can't see long term pain here.

This pattern for the day has been the same each time the short has increased..... need to get some news out of the BOD... my guess is it won't be til next Thursday though (based upon previous releases at year end)

I may be misreading, but it would appear to be a partial sale to satisfy a tax bill as a result of the share award.

Interesting that this has been the longest single period without any update on shorts since the beginning of November... Its been Christmas yes, but all 3 shorters have been busy elsewhere during this period. So no drop in shorting but at least they've hopefully reached their peak

Can somebody help me out here..... I'm not a seasoned investor, but I'm not stupid either..... A company does what it says its going to do (acquisitions on time, reports on time etc) and the share price drops.... An acquisiton that opens out long term revenue gets completed and the share price drops....... The price point of a company's product increases (in this case gold) and guess what?..... yep, the share price drops...

Am i just too impatient here? Accepting I've been in for about 6 months as opposed to some who have been here for years..

I should have said higher than expected in this year's numbers 👍

That's got to help the new year SP... Pretty sure that's $43m higher than was expected in the November update we're going up from here

My money is on 16th Jan. Only based upon historic year end announcements . If nothing by then expect retrace to low 50s