This has bottomed out and now there should be an accumulation up to results in april, i expect it to be around 500p before then. i think this suffered by not reseasing a trading update middle of November like last year
Icould see someone like Salesforce buying them out just to have the software to bolt on to their 1000's of clients, it would be a no brainer for them and small change for a whole lot of add on value
The rise here has nothing to do with the housing sector, its all about a company that has been way over sold and making a comeback. plus a takeover is on the cards.
RE: Wood Group to stay in FTSE 250...?!4 Dec 2024 08:22
After 60p there is a resistance at 66p lets see how this one plays out... we'll have the usual brain dead people who are short calling a pull back to 52p in a minute...
The market is never wrong and the market tells me this is a dog. always will be, because they dont have the capitalisation or the production to make inroads into their falling production from existing wells
Alarm bells in these results. massive increase in debt eps 10p so trading on a PE of 18,. servicing thsi debt will cost them 50% of their net profits next year. target price 120p