Member Info for MaryBr190

I think you are right NIck.

However to derisk will be offloading some as had increased around 66p (holding was 200k+) so will lower to a 100k holding at the price rises while averaging cost down (aiming for 20p average again. A pullback will readd, rinse and repeat.

Next autotrim at 87p for me.

Trimmed some 66ers at 80.40p tyvm

Must be due a 10% up day soon

Usually goes mad when inflation is a good read in US and interest rates falling

The ME was is overdone as holiday continue to strengthen.

I agree that he is saying the right things. The issue with Wood is that for how many years do they say the right things and assure shareholders of a turnaround story in a positive light that has not yielded results that were spouted. IIRC wasn't dividend return mooted for this year and what hole did the $2bn sale proceeds a few years ago fall into ?

The company will survive and I will continue to improve my position. I hold several 10s thousands with a -128p average cost so will hold forever and a day. Plan to build to 60000 shares at NIL cost but doubling sub 128p but looking to do so at lower than todays price. Otherwise I will just trim and readd on each leg up. A winner either way.

Only expressed I would buy a dip at 90?

Did not say it would get there but that is my "bet the house moment" if it does.

The new CFO is both deluded and lacks confidence in delivery. The buzzword in the USA is "weird" atm.

Pleasantly surprised my add yesterday is in profit and wondering should I hit the sell button.

Very frank about free cash flow - good grief - if that does not trigger a sell off I do not know what will. Shockingly inadequate.

"since November downgraded cashflow 4 times"

"not a way to run a business"

CFO (imo only there for the money - think John Woods ! )

"going through transformation"

"he is going to make a difference"

"impressed by workforce"

"client focussed"

"we have disappointed on cash"

"made commitments not delivered"

Lack of transparency, poor communication.

Inspiring in the way Harris inspires !!!

Only disappointment I have so fair is that it has held around the 132p level. Looks like the market is undecided as to go +/- 15%.

A chance to exit or add but I prefer a dip to add or a spike to trim. Guess the 220 to 118 reflects the risk although surprised (so far) that the reaction is so muted and that 118p was not (as yet hit).

£6m probably advisors

Full on blarney and jam

Holding up listening in

John Wood reported that revenue in the first half of the year fell by 4.8% to USD2.84 billion from USD2.99 billion a year earlier. Its pretax loss from continuing operations widened to USD961.7 million from USD26.0 million. It explain that the loss was due to accounting for exit from turnkey and large-scale EPC work. Further, it has took a non-cash goodwill impairment in Projects due to legacy acquisitions. CEO Ken Gilmartin said: "As we look ahead, we remain confident that our strategy, actions we are taking and growth potential across our markets will deliver significant value for our shareholders. We are pleased to reconfirm our outlook today, both for 2024 and 2025, including generating significant free cash flow in 2025."

Goodwill the intangible :)

Eye-watering.

Kitchen sink again

Cash flow concerns

Headline loss 🚨

Opening books cost 6m?

WG. Do they also put up guarantees like pfc

Will buy the dip. At 90p ?

Am looking for no jam and a clear statements that show

1 that the company results prove the BoD's assertion that the offers (240p) undervalued the company significantly.

The Board explains frankly to shareholders why they believe the suitors walked away.

List any questions you wish submitted to the webcast here as I intend to ask many.

Well done Andrea - a great investment.

Kpa

So true, exactly why the drop is an opportunity as it WILL pass and the wars will continue around the world.

As they will be up in flames