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After analyzing Wood Groups individual business units, assets, and liabilities. Here's a breakdown based on available data:

Consulting Business: This segment focuses on advisory services for energy and materials markets. It has shown strong growth, contributing significantly to revenue. Estimated value: £500 million.

Sustainable Solutions: Includes hydrogen, carbon capture, and waste-to-energy technologies. This area is growing rapidly and represents 22% of group revenue. Estimated value: £300 million.

Asset Management: Covers maintenance and optimization of industrial assets. Estimated value: £400 million.

Digital Solutions: Focuses on smart maintenance and operational efficiency. Estimated value: £200 million. (AI we do)

Debt: Wood Group has net debt of approximately £694 million, which would need to be subtracted from the total valuation.

Cash: The company holds £373.80 million in cash, which adds to its valuation.

Based on these figures, the sum-of-parts valuation could be approximately £1.08 billion, after accounting for debt and cash. This is higher than its current market capitalization of £261.52 million, suggesting potential undervaluation.

Has anyone else calculated these figures ? Is there anything missing ? (Figures approx )

Warren Buffet Quoted -- Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

Has anyone looked at the intrinsic value - will the intrinsic value be used in talks? Below is what came out when is asked

https://valueinvesting.io/WG.L/valuation/ddm-growth Is WG.L undervalued or overvalued?

As of 2025-03-27, the Intrinsic Value of John Wood Group PLC (WG.L) is 419.94 GBP. This WG.L valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 36.52 GBP, the upside of John Wood Group PLC is 1049.9%. This means that WG.L is undervalued by 1049.9%.

Must be a positive, Reality tv took off for Love Productions when they produced bake off - then sky bought them.

According to MarketScreener, the average target price for Zinc Media is 163 GBX,

@silver sounds like you know a bit about Neil Bruce, I think he has the North Sea in his Blood & being from Aberdeen this deal will secure his legacy at the top of his game. Sidara would not be back at the table if Neil Bruce did not think it was a good idea, Sounds like Neil Bruce has sentimental attachments to Amec considering he spent 15 years there, he was against the takeover of Foster Wheeler. As Amec COO he made a presentation to the board arguing against buying Foster Wheeler but the directors, sided the then CEO. Not long after, Bruce left the company, After Amec’s disastrous takeover of Foster Wheeler Bruce had the last laugh, when Amec fell prey to Wood Group.

Now Neil Bruce is back. Surely Sidara would not have returned with the knowledge that Neil Bruce holds, Neil Bruce would have made a presentation why Sidara should takeover Wood Group or why Sidara should not takeover Wood Group – Sidara are back so Neil Bruce must be positive about a deal.

Wendsworth - You ask why would Sidara want Wood Group ?

Neil Bruce who is on the board at Sidara was formerly CEO of SNC Lavalin – I think he is an ambitious man & feel he would like to take over Wood Group – he ran Amec & some of Amec is now in Woods hands & I really think he would like to get it back. https://www.cityam.com/snc-lavalin-boss-who-snared-kentz-corp/

https://www.oilandgasmiddleeast.com/news/article-17511-snc-lavalins-278bn-acquisition-of-atkins-creates-engineering-giant

Things turned a bit sour in Canada for SNC & Neil Bruce may have been the fall guy, but now he has re – surfaced at Sidara & I think taking over Wood group will rebuild his reputation. (Plus Sidara Need Wood for there own growth statagy) Have a listen to Neil Bruce here https://www.youtube.com/watch?v=54astdKcPpg&t=5s

Targa123 - Regarding the share price - Where should it be ?

1. Fundamentals vs. Sentiment: The fundamentals—such as the robust order book, trusted customer relationships, and operational expertise—have remained stable, while sentiment shifted mainly due to external factors (e.g., takeover bids, governance concerns).

2. Long-Term Value Potential: For a patient investor, companies like Wood Group often prove their worth over time. When sentiment turns around, especially following potential positive findings from the Deloitte review, Wood could be one of those rare "I wish I had invested" opportunities.

3. Historic Share Levels: Wood Group was previously trading at much higher levels when these same fundamentals were in place. If sentiment improves and the stock rebounds, it might revisit prior levels.

Good points Surin & Taverham - From what we know about Wood Group, the company's fundamentals indeed appear strong despite recent challenges in market sentiment and share price performance. Factors like its $6 billion order book, loyal customer base, strategic partnerships, and history of delivering valuable services suggest that Wood Group is still well-positioned within its industry.

The sentiment against Wood Group may indeed have shifted after it rejected takeover bids perceived as undervaluing the company. This could have led some investors to question management’s strategic choices, especially in the context of declining share prices. However, rejecting bids at 240p per share and standing firm on its intrinsic value demonstrates confidence in its long-term prospects—a confidence that seems justified based on its operational strengths and respected reputation.

1. Proactive Transparency: By initiating the review themselves, Wood Group signals to the market that they are committed to transparency and accountability. This is often a strategic move to rebuild investor confidence, particularly after challenges such as declining share prices and failed takeover attempts.

2. Strengthening Market Perception: The company might see this review as an opportunity to correct any lingering negative perceptions. If prior projects or profits were misrepresented or undervalued, this review could provide a chance to highlight those and show the company is in a stronger position than previously thought.

3. Strategic Repositioning: Wood Group previously rejected takeover bids, arguing that they undervalued the company. A positive review could serve as a supporting argument for a higher valuation, whether for future M&A activity or simply to restore share price levels that better reflect the company’s intrinsic value.

4. Investor Communication: The move to appoint Deloitte could also be about demonstrating that Wood Group is taking active steps to address governance concerns, reassuring stakeholders that they are tackling challenges head-on. Deloitte’s independence ensures that their findings will be impartial, whether they reveal strengths or weaknesses.

It was Wood Group that initiated the independent review by Deloitte, surely they did this as a positive, As -

Potential Outcomes of the Review

If Deloitte's review reveals previously unaccounted profits or improves governance, it could lead to:

Enhanced investor confidence.

A rebound in share price.

Better positioning for future growth.

PwC's guidance on valuations during market uncertainty highlights how companies can use reviews to separate fundamental value changes from market noise, potentially leading to better investor confidence

Good summary pickedick - its interesting that you say the shorts and longs are holding the sp in place.

would that make sense if you were a ii & had bought in at say £2.00 & had seen the sp at £9.00. surely if you were an ii by accepting or forcing Wood BOD to accept 70p your own investment as an ii would lose out & surely as an ii would'nt you have a responsibility to your investors to realise a profit on your investment.

Is it possible that the ii's are holding the Wood BOD to ransome by keeping the sp where it is to force the board to sell but at a valuation similar to Sidara's previous offer. ?

NMH21 - They & ED should read this report from Offshore Energies UK’s (OEUK) 2025 Business Outlook report shows that, under the right business conditions, half of the 13-15 billion barrels of oil and gas the UK is projected to need by 2050 could be produced at home. OEUK describes itself as the leading trade body for the UK’s offshore energies industry

https://www.rigzone.com/news/oeuk_50_pct_of_oil_gas_uk_is_projected_to_need_by_2050_could_come_from_uk-25-mar-2025-180025-article/

Ok thanks - maybe if there is a breakdown & its been posted, does anyone else recall seeing it - or have details of the possible Break up figure ?

@Teatimedave - interesting that you mention the break up value, have you worked that out? or is that a figure you have seen elsewhere & is there a breakdown of that £4 figure - either way -would be interested to see the the breakdown.

Re Tallies - sounds like Tallies has apologised - & it does sound like an innocent mistake, so could he not be forgiven & the board move on - after all the Talisman is legendary often bringing good luck & Tallies posts have been inspiring.

Thank you to James for having a concern for everyones safety - so back to whats going on with Wood & these shorters & the potential takeover.

JO - thank you

I have certainly enjoyed reading Tallies posts, please continue Tallies - they are certainly more interesting than the endless row which seems to go on between one particular person & those that reply to that person. That is what goes on at ADVFN this board seemed more adult like, as many people have said there is a filter mechanism to filter out anyone who is not to your flavour. Otherwise ignore them & stay positive.

Good luck to all

Good Morning All, From what I have discovered I believe that Wood Group are a much needed company, & Energy is a requirement for survival, & the demand for energy is getting larger . Either way what Wood do, either with fossil fuels or with renewables the Wood Group are a Leading company that should thrive on its own or will be looked on as a potential takeover. It seems that some of the issues which have hit The Wood Group were inherited through the takeover of Amec Foster Wheeler, Hopefully those issues have all been addressed & the Wood Group are emerging as a sound company.

Good Luck to all .

Good evening All.

As well as comissioning oil & gas infrastructure, Wood Group is a specialist in Decomissioning.

Decommissioning of offshore oil and gas infrastructure is a regulatory requirement that will see billions of investment in the UK over the next decade. The North Sea has more than 1,500 platforms and installations with an average age of 25 years

There are 12,000 offshore oil and gas platforms around the world and many of them are nearing the end of their lives, and taking them out of service, known as decommissioning, is a multi-billion dollar business.

Annual global spending of US$13 billion is expected on decommissioning projects .

Wood Group has developed a “fit for purpose” process for decommissioning & is in demand for that skill quality.

Decommissioned oil and gas platforms can be repurposed into green energy hubs to help the world transition to net zero emissions, some reports have suggested. This could include using offshore rigs for carbon capture and storage or storing and transporting hydrogen, a type of sustainable fuel that doesn’t emit carbon when it’s burned.

As well as decomissioning projects set to increase, Artificial Inteligence’s (AI) energy use is set to rocket, so the demand for energy will need to be met & Wood Group is an essential element in the energy sector, so its skills for setting up energy infrastructure & taking it down will rapidly have more demand.

Wood is in demand in all aspects of energy, fossil or green – this is why Sidara can see such potential in acquiring Wood Group – Whoever controls the energy controls the future.

GLA

The estimate cost of global decomissioning is $300billion - Wood are in the right place to benefit.

https://www.ft.com/video/ac116e39-868e-47f1-93ab-96f5f62a549f?playlist-name=latest&playlist-offset=0