Member Info for Joekool1

No, sir, this has nothing to do with Sidara but will definitely push the SP up.

A major (I mean very significant) win is on the horizon.

That's not true. Any executive of Wood who buys the shares must declare it!

The CFO said he was ACA when he was a CPA. This doesn't change the mess at the company and the fact that they are not in a position to turn things around in the next three years. Please prove me wrong.

The only time we may see a bit of enthusiasm is when the CEO steps down, which I believe is overdue considering he and the board's three-year strategy to turn the business around has failed. The whole board need to go too.

Don't be surprised if the price falls below 20p by tomorrow COB.

Thanks

When I warned yesterday that this was a sinking ship, I got pushback.

Even a change in management will not make that much of a difference. Some may see it as positive and be hopeful, but numbers don't lie. The new management will either be forced to downsize the overheads further or find a new buyer to pay 79p to 90p per share.

Banks will run away from refinancing the debt. Why would you buy such a debt!

''A word to a wise person is enough'' as the saying goes!

I know Wood more than you do. The fact that I have not posted for years doesn't mean I don't know my facts.

I can't say anymore to be honest.

Agree, please don't put your money in this company which has not managed a positive cash flow since 2015. No dividends have also been paid.

Amec alone was worth over £5.5 Billion in 2014, bought Foster Wheeler for $2.2 Billion in cash and had to borrow money to pay. The share price dropped like a hammer after. J

John Wood Group thought they knew better, got greedy, bought AFW with a share offer, and took over more than $2 Billion in debt, but couldn't pay. Disposed of several profit-making business units, and still in debt.

Read the RNS two days ago, they will be cash negative of between $150m to $200m. I believe it will be worse because as of yesterday, they were looking to refinance their debt which will be costly adding a lot more in finance fees and interest. Interestingly, they deliberately decided not to add the $200 million bank facility (i.e., overdraft) they had exhausted at year-end. They can't even be open with the market.

There is no guarantee of future profits, considering they overstated their prior year's profits which Deloitte will restate after the reviews.

Dividends will not be made for another four years if you are lucky. If you were Sadara, you would think twice before coming back for a round-two takeover.

DON'T BUY, those who are pushing positive vibes about Wood are those who bought between 35-40 pence and want to get rid of it. They will be selling you their losses.

DON'T BE TEMPTED FOR 1 SECOND!!!!!

You will be a fool to invest your money in WG. The debt level is actually $1.3 billion; they deliberately ignored mentioning they have fully exhausted the bank credit facility of $200 million.

They have no more assets to sell, so the negative cash flows will be higher than the range of $150 to $200 million, Ken said in the bulletin.

Run, baby, run!!!!

I don't think so; the share is only 0.6% of the Ecuador prospect. This shows the confidence Ossiko have in the prospect, and they want a bite of the spoil.

I see this as a great investment, and read carefully; there's a buy-back clause. Let's hope this takes us into the 25p range again in the next week or so!

Agree; dying for some good news!!!

Although in small values, the number is very high!

Let's hope for some greens today as it's been reds all week!!!

@Speel. Do not fall for the tricks of the shorters. They deliberate sell small quantities/ low values to drive the sp down and then turn around to buy them again cheap later, and sell for a profit before the market closes.

Aussie finishing in the red doesn't help, but I can sense some momentum to today as PANR rns nears.

Good luck, everyone!

I won't be surprised. I've seen a near 4p in the past, so the potential is there, definitely!

There are more buyers than sellers in value traded, and the spread is narrowing, ALL GOOD NEWS. What's the secret? I guess everyone is primed for the RNS from Pantheon soon.
At least the RNS depends on PANTHEON and not 88E this time round, so my confidence level is pretty much high!

We're believers this time around!

Infinity888 - I agree entirely with your view. A good hit will cause the SP to rocket. Once we hit the black gold, 88E will no longer be a penny stock; they may decide on a consolidation strategy to make its share look more respectable; that's my opinion, though.

Winter is far to the right this time around. Thank God.

As things stand with the risk on PANR, we could see 150p before COB Friday. And should they hit black gold, I am certain we could see 6.00p+ and then only God knows where we end. It will be up up up!

Jump in now before you're left behind for RNS is on the way soon!

The sale of the RE&I business will be completed in Q3 or early Q4 as it has to pass the regulatory approvals. But, I believe the proceeds will be more than $2B; this will wipe the debt bare and leave some cash for reinvestment into similar environmental businesses. Wood will not check out completely from the sector.

Standby for the RNS