Member Info for kwalker4

Why? the price is 30p not $

What would they be buying with Petrofac? The TeNNET contract has been cancelled by the client and therefore the last year of restructuring has been wasted. There is nothing left of Petrofac.

No, they clearly "thank him for his efforts" in the RNS that I'm reading

What a shame that Ken is able to leave on his own terms. Another leech who has let the firm go to ruin while taking millions in salary and benefits. How can he be employed again.

Reading my posting history is your game, but I also do as I please, what relevance is that ?

With book assets of £2.5 billion and a daily profit of £1m, Wood will not be making a discounted placing. IMHO

I haven't cut the grass in several years, its half dead anyway. I will probably pay someone else to do it as im busy with other things.......

You wont be able to buy any shares with powder

2 forms so far today, is this significant ?

The leadership team did mention recently that they have made mistakes again and overcut their EPC contracts and are now trying to get some of them back LOL

The company makes $415m EBITA, the finance issues are made up mainly from good will write downs on lump sum projects (fixed price) and legacy liabilities, such as the £150m fine from the SFO against Foster Wheeler. In 2017 they bought Amec FW for $2,2B and that gave them plenty of debt which they have never paid off. Previous CEO filled their boots. More recently, Wood hired a clown CFO with Indian qualifications and paid him $2m in shares for a golden handshake. The next day he sold half of them and within a year he is gone.... there are some very poor management decisions in the company's past and they haven't got any better despite the promises.

This says blackrock have 45,000,000 shares or 6.5% of Wood..... I never understand this form are they a new buyer ? also why would they not have voting rights over 2,000,000 of these shares ?

Thanks to anyone with knowledge to answer

Oh i might as well add my personal trades in too, for all the value they add to the board.

I bought some at a low price, some at a middle price and some at a higher price.

I doubt anyone really cares what price you bought at, maybe they do i could be wrong.https://www.lse.co.uk/ShareChat.html?ShareTicker=WG.&share=Wood-Group-J&thread=19F01003-FCEC-40AF-BD6E-4EC18DCCC02A&reply=true#posting-rules

Its a garbage post, he is saying he came in cold and bought at the historic low straight away and is now happy.

UP 7% in 3 hours trading.... I would say thats the SP moving

Its already traded above 40

Can you get away with only paying part of the ask then?
Full ask is what you get quoted isnt it ?

Indeed, it is obvious that the company have been sitting on this price sensitive information for a long time, IMO.
Following the resignation of Clemmey, it was clear to see that all Flourspar projects are dead in the water. The RNS mentions nothing about application for the grade of mineral they have processed, perhaps because they really needed the acid grade spar.
Clemmey oversaw millions and millions of spending on proving up Nevada, many equity raises between 2012 and 2014 were spend. Dr Richard Sillitoe was employed to decipher the Nevada puzzle and has been employed for a very long time by TYM, at great expense. We were told that this man wrote the book on mineral extraction and that he is the leader in the field, we could not have appointed an expert with better reputation. He has failed to solve the puzzle over a lengthy assesment.
Richard clemmey was only left with Nevada to hang his hat on, since the sweeds have stopped all progress in Storumen asset and he had run out of roads to take. Now we see why he resigned a few months ago. Nothing to mine and a massive bill (in the millions) to prove up those worthless assets.

Shocking delay by PC in releasing this information to the sharehoders of TYM, how can he be trusted now ?

To be fair this is probably good news for the company.
Clemmey has achieved precisely zero in his time as MD.

Sighted Stourman as the reason for departure but they have spent millions proving up Nevada .... could it be that Nevada is also a dead project. I'd suggest so.