Member Info for Monty888

Ice - Your clueless mate, you talk (post) to much. All of it speculative nonsense, give it a rest mate.

The CFO was a fraud, resigned immediately to save himself from being fired (This is how BOD level are fired, always wrapped up into retiring early or similar). The company has already stated their financial publications are incorrect and profit overstated etc. Deloitte are trawling through teams of project pricing, revenue recognition, cash flow, late project penalties, bad debt not turned into provisions etc with probably 10 plus staff on site and at the subsidiaries at enormous cost to Wood. Only after the publication will anyone know just how bad this is. It will be somewhere between terminal or recoverable, will definitely need a capital raising and due to bank debt nasty covenants my bet is on a huge discounted rights issue to reduce debt. Then the CEO will also resign as he was clearly asleep at the wheel in many fronts himself.

If sold it will go for something like 50p or less - It’s technically bankrupt already so how do you put a market cap on it - As W Buffet always said transfer the words EBITDA to BS earnings whenever you see that (It’s very true). Problem is they are handcuffed to bad contracts for years and any money ever made pays the taxman and the bank debt. Note Sidir started due diligence cans ran a mile, they obviously saw and found the Pooh under the carpet.

Agree with most comments but I don’t think inflation nor interest rates will fall now as data is starting to bear out😔

It’s the amount of loss making fixed price projects that’s core to the issue and could cause a winding up of Wood group like Carrilion I think it was last year. Look to huge to fail but fail did, all shareholders wiped out. Others like listed construction & ship builders recently went the same way. All depends how bad this is and if it can get funding remaining as a PLC. This is why the price is shot to bits.

PickedPeck - Your the best person on this BB posting facts and concerns that bear out in reality. Thank you for insights and thoughts, keep posting time time please - Kind regards Monty.

Agree, Ian McDonut is good at rewarding himself and the senior directors whist cash burns and no sign of any net profits on the horizon. (Not to mention the nasty spread as well) One to avoid for sure

Fully aware WT, I think the next results will start a soft upturn in SP. Much better for the medium term to be doing share buy backs at these prices than huge dividends. You’re still getting c. 7% anyway without special dividends that are a gimmick anyway.

As a pure investment case I thing can go to 85p inside 12 months. The share buy backs for cancellation (not treasury ) are an excellent support mechanism for the ever important EPS, also reduces the dividend payments holistically. The 6 to 7% yield is practically guaranteed also. The work of cost reduction and simplification will come through as well. Can see impatient investors looking at this for months on end between 69p to 74p but as WB says making money on the markets is the patient investors taking money from the impatient investors. I’m look forward to the next results as I think they will reignite ITV as an investment case. GLA.

Hi Scot, howling can 88E survive now, they can’t get bank loans at reasonable interest rates and after issuing 29 billion shares further dilution would need to be significantly discounted. It’s clear the SP will soon fall a lot more as its current market is excessive related to its prospects. As I said before the BOD just keep promising jam tomorrow so they make money running 88E as a going concern. There is only more heartbreak Ming for PI’s watch and see…..

New opportunities for me at current levels are top ups in DPP, THG & VLG. I’m still keeping WJG as I think it can to 100p in under 18 months.

Jed, we been seeing similar to your post for about 2 years, facts are more decline and no net profit still. Until THG generates positive hard cash (after leasing and debt repayments) the story is still the same unfortunately.

Dear Fellow investors that are bullish. Like anything these days one cannot be 100% sure. When the what looked like super high provisions we put in place & the project sales delays and uncertainty that’s a way to make sure they don’t become victims of fire sales low bids etc. A master stroke really and we will see this grow and grow from now on I’m sure. See my posting history - I think we will get usual short term sellers taking their 20% uplifts if they purchased in the past year but after that I really think the ship is repaired, up anchored and sail deployed now. I’m staying long and strong for sure - GLA 🤞👍🤗

I agree Dave, whilst we have the nasty cladding provision in the mix hurting the SP, it seems investors have forgot that we have enough cash to cover that + The good news is being totally disregarded. I can’t be sure but I think these results will wake the market up to WJG being really good value at current SP (Market cap) and we will see a nice uplift and steady continuing improvement from now on. Fingers crossed no nasty surprises to the contrary.

All just pure speculation. Maybe he has a tax bill coming up or another investment he wants the money for. I wouldn’t assume anything apart the fact he is significantly reducing his THG holding.

The color code doesn’t list THG as a candidate is my take away.

The Roony’s buy ‘Applied Nutrition’, the Beckham’s buy ‘My Protein’ & Polish cap is a scouser.

Say no more 🤗

More than I’d like him to hold that’s for sure, we all need to see him in weakened voting position, ideally 5% but I guess that ain’t gonna become reality.

Yep - I started calling this out per these recent posts some 5 years ago (Feel free to look at my postings history). I haven’t checked in for a while, is that idiot Brombard still telling people it’s a great investment, he used to post every day and hate alternative views (The alternative views proved totally correct of his idiot theorems on this as an investment with returns). Banks won’t fund it so it’s more heavily discounted dilution until that wears out and they have no choice but to delist and wipe out all the PI’s (I feel sorry actually for naive (new) investors that fall for the jam tomorrow that will never come

I am really surprised with all the share buy backs & simplification of VOD we are not up in the 80p range by now. Around 69p average seems to be practically fixed despite debt reduction etc. Also we don’t get an uplift in SP after resetting the dividends lower and hence also adding to shareholder value. This will always roughly follow the FTSE but should gain versus it as more of the right things are done…..Meanwhile it’s become as dull as dirty dish water as an investment.

Ephemeral - For the 170p indicative offer to succeed MM would have to open the books for 3-6 months due diligence and also probably remove himself as owner and landlord of THG’s buildings as well etc. I think this would expose all the skeletons and show all the bolted together businesses have not been correctly depreciated nor the business to be worth 170p and I think it would not have gone through at all. I think he obviously knew that and just blocked the big with his and his cronies share votes. My rough and dirty estimate is around 90p per share enterprise value after demerger but we won’t trade at that as MM has basically made THG almost uninvestable to so many II’s from his wild antics and misleading information (polite words for downright lying to people). I’m hoping he does step down or has so much heat for Sofia and Kelso he has to now change his ways and get investor sentiment back on side for THG. GLA, I suspect a lot of us would jump for joy at 90p now, those heady 100p plus days look like dreams long passed to me.