Member Info for JamesOxford

@Aimless 'Hi Jtan, i expect mms to fully manufacture a drop around 2.55pm today imho'

Looks like you're right once more Aimless! The WG share price has just dropped to .5280p down 4.09% as at 2.50pm today.

@ElllteInv 26 November WG share Price .5690p posted: 'All this negativity has tempted me for a cheeky top up.'

I would say from your above previous post that you are more of a newbie than most. Your 'cheeky' top up at .5690p is now worth .5320p. Yikes! Well, I suppose 'cheeky' is one word for it...

@ElllteInv As it seems you are a new investor to Wood Group, be patient and look at the Wood Group share price on the day of demotion and then keep your powder dry for 3 days until the dust settles. Then buy in...however, the review is still unknown, so only buy in if you are prepared for the review to be OK, as if the review is bad, then Wood Group share price will head south once more. Like I have mentioned a few times Wood Group is somewhat of a gamble. It you have short arms and deep pockets, then keep your coins under your matress. It always easier to jump in when the unknown (the dreaded review) is known!

@JG68 You forgot to add that today Wednesday is 'hump day' and that trumps any peace deal. Engerlannnddd! Lol

@gotnorolex Do you think the donkey stays there on purpose...? Lol

@EL_A There is a difference between trackers and fund managers. Under the tracker funds, there will not be any material change. Whereas, under fund managers, some fund managers will specialise in FTSE100 only, FTSE250 only, AIM only, some specialise in certain sectors, some are risk tolerant, others are risk adverse or a combination. So some will sell out. The reality is that when Wood Group drops out of the FTSE250 the share price will drop like a stone. Who sells and when is just background noise, it matters not.

On the positive, as I mentioned in my earlier post, for Wood Group long term shareholders who are partial to the odd punt (the review is still unknown) and who want to average down, then a few days after Wood Group drops from the FTSE250 would probably be a nice time to add.

All IMO & DYOR

@unhooked: Meant to say: Alternatively if the review is 'bad' and the share price crashes further...

@unhooked "Time it right and there is a tidy amount to be made." Yeah, but timing it right is what's difficult - in fact nigh on impossible!

In terms of timing, I would say for Wood Group, the best 'bet' is to buy a few days after Wood Group has exited the FTSE250. However, if you don't like to 'gamble' too much and your investment attitude is more is 'risk adverse', then wait until the review is known. At that point, if the review is 'OK' and the share price is on the up then invest, and you will catch the early wave. Alternatively if the review is 'bad' and the share price further, then wait until the carnage is over, then start to add over time as the share price recovers. Too easy.

@E_LA. The tracker funds will substitute Wood Group with the new FTSE250 entry. There will be no material change for those invested in Tracker Funds, as those funds simply track the share prices of the companies in the FTSE250.

@EL_A The company movements un the FTSE100 and FTSE250 will be announced on Wednesday next week. At this stage (which is quite a late stage really), it does looks highly likley that Wood Group will fall out of the FTSE250.

@gotnorolex 'Added again this am (reported as sale) for better or worse!'

Very smart add. Soon you will be able to change your name from 'gotnorolex' to 'gotarolex'...!

@ElllteInv 'The shorter positions are big risks for them.'

While I hope you're right...

On this occsion I do think the shorts have it right. Mid next week, Wood Group will drop out of the FTSE250 and join the small caps and the race to sell will commence. The Wood Group sell off will likley start from today (already down 1.54% as of the time of this post) and continue until the announcement mid next week...and at that point, the Wood Group share price will drop hard. The shorts have looked into their tea leaves, and have read this right and will benefit. But as usual, none of this is rocket science.

If the CEO of Wood Group has any positive news, then he ought to release it ASAP. This will reassure stakeholders and shareholders alike...and maybe gather enough support in the Wood Group share price to stop the inevitable plunge into the small caps. In which case, it will mainly be sunshine, rainbows and roses.

On the positive, for any Wood Group long-term shareholders, it will be a chance to average down with a 'cheeky' top up a few days after the plunge into the small caps. At which point, the Wood Group share price will likely be circa 44-48p.

For those who think I am a de-ramper (of which there seem to be a few on this WG discussion board), I am a Wood Group investor and happy to hold. That said, I am also a realist and a pragmatic investor, and this has served me very well over the years. I mentioned earlier that Wood Group is somewhat of a gamble, which remains true - and is evidenced by the dramatic swings in this share price of late. If you like roller-coaster rides, then, roll-up, roll-up...and buckle in for the ride of the century! I just hope this roller-coaster ride doesn't turn out to be the 'Big Dipper!'

All IMO & DYOR

Good to see that management at Halfords are following the money trail with their investment in an aggressive rollout plan for its ‘Fusion' strategy. Enhancement of garage services and expansion from the current 22 locations to a target of approximately 40.

Far better strategy than many in retail who prefer the 'retail store redesign and refurbishment' strategy to encourage more consumers to visit. While that has it's merits (right time and place and all that), Halfords 'Fusion' strategy will create more sales/revenues and profits via the Fusion channel.

JO@Aimless: 'Aimless - bring those Capita shorts on! JO will deal with 'em...!'

Told you I'd deal with them...I know what I know.

@Jim800 I didn't bring up the 'choc and underpants' or the 'green box'. I just replied to these barbs which were thrown my way...

Unfortunately, as anticipated by many, it looks like Wood Group will drop out of the FTSE250 and into the small caps. This demotion will likely drive the Wood Group share price even lower. It all depends on the market valuation of the companies as of COB Tuesday 3 December, with confirmation announced the next day on 4 December. Close Bros looks like it too will make an exit from the FTSE250 into small caps. GLA

https://www.proactiveinvestors.co.uk/companies/news/1061541/frasers-may-be-demoted-from-ftse-100-along-with-b-m-1061541.html

@Bobbackwards. Very good reply Bob and for the most part I agree. BTW I couldn't help my joke: I didn't really think you had chocolate in your underpants...but if you did, I hope it wasn't gooey caramel...

@Laura2022 You said a while back that you placed me deep inside your 'green box' (...well, I suppose your green 'box' can be painted any colour you like) and I thought myself very lucky. Given, you have now withdrawn me from deep inside your box...I have to say that you are a Wood Group super-ramper, a penny stock pincher, and a JO stalker. There I said it, now Laura will probably place me back inside her green box!

I had a quick look at Proactive Investors tonight. The lead headline at 4.02pm 26 Novermber reads:

'FTSE 100 drops as Trump tariff pledges bash sentiment'

The article continues thus: 'London’s blue chips approached late trading in negative territory, having dropped 29 points to 8,262. Stocks faced pressure through Tuesday following a social media post by president-elect Donald Trump warning of 25% tariffs on all goods from Mexico and Canada once he took power. Trump also singalled 10% tariffs on Chinese goods, with European markets dropping across the board on fears the measure could stretch elsewhere.'

This is my point it's all about 'sentiment'. For the most part, movement on markets and stocks is almost always based on 'sentiment' at any point in time. It is sentiment - positive or negative - that determines share price price fluctuations.

Sentiment-driven fluctuations -which can be wild at times - creates opportunities to buy value and/or growth stocks at very cheap prices.

I view Prudential as both a value and a growth stock combined, with the added bonus of Asian exposure - it sits well in my investment portfolio.

Aimless - bring those Capita shorts on! JO will deal with 'em...!

@CaptainSwag. The CEO did not seem to know the scope (has been somewhat explained in the RNS), scale, resources needed, cost, or most importantly the timeframe of the review. I am very happy and very willing to be corrected if anyone on this WG discussion board can answer those basic questions.

I agree that the end-cost (outcome) can only be estimated/guessed. Hopefully the outcome will not be too bad for all stakeholders and shareholders alike.