Member Info for Mancunian77

Clearly looking very much Undervalued & Oversold based on all metrics, now looking forward to a strong CEO at the helm here to ensure SP moves up lot closer to fair valuations.

Noteworthy post from ADVFN relating to Kepler broker price view out today:

cashisking7619 Feb '25 - 10:58 - 3971 of 3979

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Personally, it’s not the 20p PT/broker note that concerns me, it’s the fact that one of WG’s largest institutional shareholders, FMR LLC (Fidelity Investments) are almost completely selling out here and have clearly lost faith in the company/current management etc. WG needs big change and unfortunately, that takes lots of time and money which they don’t have at the moment.

In the meantime, broker notes can be a rough guide line, especially in cloudy uncertain times with seemingly confused clueless management in place!

19 february, 2025

kepler cheuvreux cuts john wood group to 'reduce' - price target 20 pence

https://www.morningstar.co.uk/uk/news/an_1739958349876830800/london-broker-ratings-jpmorgan-raises-anto***asta-cuts-trainline.aspx

19 february, 2025

kepler cheuvreux cuts john wood group to 'reduce' - price target 20 pence

https://www.morningstar.co.uk/uk/news/an_1739958349876830800/london-broker-ratings-jpmorgan-raises-anto***asta-cuts-trainline.aspx

Some UK assets are still doing pretty good and a UK presence for HBR is somewhat essential and very useful here IMO.

By the end of this week, 30p will only be a very distant dreamlike memory, at times, markets indeed provide few unique opportunities.

When WG had a 220p offer, net debt here was even more than it is today, no doubt that this is now a multibagger in waiting.

“Thing is they have not had issues with getting finance before ...wasn't a positive cash flow and huge debt too..so not sure what has changed to make everyone think finance will be a problem?

If they can pay the interest then I am sure they will get the finance”

Absolutely, if/when needed it will be relatively easy for WG to raise finances and at decent competitive rates, companies in lot worst shape (and I seriously mean LOT worse) have done so easily!

Also interestingly looking at Simply Wall Street here, they have an intrinsic fair valuation for WG at £2.03 today:

https://simplywall.st/stocks/gb/energy/lse-wg./john-wood-group-shares/valuation

“the business has not collapsed - they have forecast positive cash flow in 2026 and have debt arrangement until October 2026.

the shorts are doing what they do and PI are naturally spooked. typical that 10-15% of shares were traded on Friday and yet the Mcap falls by almost 60%.”

Spot on here Captain!

WG. - Now Easily The Most Oversold & Undervalued Share Trading in All The FTSE based on Most Metrics at the moment.

Surely Even Today, WG share price is Worth More Than +50p as Minimum, DYOR

Additionally, I reckon positive updates and few nice broker buy ratings will follow soon.

Nevertheless and interestingly, now it looks like some big buys are finally going through here, and someone(s) are taking advantage of this illogically very very low share price and are loading up big time, look at the trading volumes!

At the very least, until the unfortunately longstanding Chairman and especially the CEO depart ASAP, WG. will remain a market joke much worse than PFC ever was where there will be no bottom here, just review what’s been happening with them both at the helm, it’s crystal clear and no rocket science!

Wow! Truly Fantastic RNS/Updates Here Today for this now clearly very much Oversold & Undervalued UK homebuilder, thank you BTRW team!

“Jus as well there isn’t then.”

For now yes, However, overall signs are not looking promising at the moment.

Unfortunately, I’m now inclined to believe that we just simply rushed and as a result, paid way too much for Wintershall and that along with heavily increased UK taxation/EPL here (plus generally heavy decommissioning costs) have all resulted in a seriously declining company free cash flow/FCF, otherwise, how can we end up to only “be broadly free cash flow neutral in 2024” with $82 Oil and lot higher Gas, numbers don’t lie, especially in a written factual RNS update!

“Price here continues to defy conventional logic - let's see where we are come H2.”

If erratic Trump global policies stay in place/continue, there is a high chance that this can go below the £2 mark, down along or even more than other UK Oilers, O&G is usually hit the hardest.

Https://oilprice.com/Latest-Energy-News/World-News/Big-Oil-Set-to-Book-Lowest-Quarterly-Profits-in-Three-Years.html

Berenberg cuts Next 15 price target to 790 (885) pence - 'buy'

https://www.morningstar.co.uk/uk/news/AN_1738230643653373200/london-broker-ratings-deutsche-ups-rotork%3B-goldman-likes-ceres-power.aspx

Positive sentiment will return here fairly quickly I believe, a little patience and now time to be brave me thinks!

Also an interesting post here taken from ADVFN today:

back2basics130 Jan '25 - 09:20 - 98 of 99

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I read it on the lse website (2 RNS updates today), CFO leaving was primary reason for the initial SP fall IMO but I believe we should finish nicely in the blue today (fingers crossed) and start moving closer towards fair valuations here which should be lot lot higher with much needed clarity now finally in place.