Member Info for JG68

This is capitulation.
Anyone feel like they've going to lose most of their investment unless they sell?

We saw a similar spike yesterday morning to what happened Friday morning when schroders were selling so I wouldn't be surprised to see another Tr1 at 4.32 saying Schroders reduced further.
And quite frankly I don't blame them.

Tradepete
Exactly, kitchen sink it in one go.
It's appalling if they then release a very poor update in 3 weeks time.

Same as, 7 days ago I was break even, now 20k down!

Do they not owe PIs a calming RNS considering over 30% Has been wiped off the Market cap in 6 trading days ?
It's a disgrace

To think thus was standing up quite well and showing strength on red days before last week.
Incredible 125 to 88 over a CEO leaving.

https://www.cityam.com/wood-group-shares-plunge-after-warning-investors-of-cash-flow-woes/

Sorry I correct myself, they reduced fro 17 to 14% in February.
They've obviously had enough, they've been patient enough.

They were 17% but the RNS Says previous holding was 14%, so they must have already dumped some. They've been loyal the last few years and clearly had enough. Despite the other increase this morning, this is a dump of over 8%. Not good.

Back to 80s this afternoon

The full year update after the equity raise last year stated that the long term capital structure was now in place because if that equity raise.
Surely that would mean longer than a year?
Debt definitely increased from full year to 340 million, and liquidity reduced to 500 million, and I'm syreci read they said debt would come down in the second half.
The only thing which us certain up to now which hasn't happened as suggested at half year is significant contract awards in the second half. Yet.
But putting that aside there would have to have been an almighty derailing if the company is suddenly in trouble within a year, and possibly requiring further equity.

And that morning spike was probably the short who increased yesterday, ramping up the price selling their newly borrowed shares, then driving price back down.

Come on guys, Sami promised significant contracts to be evenly awarded in H2 during the half year update, here we are nearly end of year, no big contracts and now he's jumped ship.

Eurofill
That's what people were saying a year ago, and in March after the Adnoc ban was lifted.
Just as much chance of halving your money the way the market is reacting to PFC this week

This is gonna do this, this is gonna do that, strong bounce, treeshake bla bla bla, all that is certain is this is 20% down in 5 days and about 30% down year to date.
Nothing good or ramp worthy about that

Deluded rackonsacks

And what could cause a morning spike up to 99 and the sharp decline back to where we are?
My cynical head says shorts increased, borrowed shares, ramp up the price , sell loaned shares, then drive back down again.
Because price spikes like that should mean demand and buying?

Back down to where it was

What the he'll is going on with this, it's beyond corrupt and ludicrius

This is taken from Samis really optimistic half year update. The point about contracts being evenly awarded in the second half has not materialised.
Looking at the debt of 340 million which is supposed to reduce second half, and the 500 million liquidity, I am worried about how those 2 figures will look in December.
I read in a book this week that it's not so much the actual news that has been released by a company, but more importantly how the market reacts. In this case appallingly.
Half year update.
Business performance EBIT of US$2 million(1)(2)
Reported net loss of US$(14) million(2) inclusive of separately disclosed items
Group order intake of US$1.1 billion(3) with book-to-bill of 0.9x
Healthy 18-month Group pipeline of US$57 billion
High levels of bidding activity in E&C with opportunities expected to be awarded evenly over the second half
Backlog of US$3.7 billion
Net debt of US$341 million(6) and liquidity of US$511 million(7)
Free cash flow in second half expected to be broadly neutral