Member Info for my2penneth

By the way, Indivior does not ( no longer) pay a Divi. So, if you are thinking of investing then consider only possible capital gain / loss.

For people contemplating a buy in now is extremely risky. I would suggest you think it through. Of course it's your money. But read the statement. A punt in Carillion would imho be far safer.

Senior Managers buy ~1700 shares at just under £6 per share..... less than £10 grand in total! Dig deep folks. Either Wood Group don't pay very well such that senior managers can't rustle up more than £10k between them or perhaps they're not really confident. Maybe they should take a loan out from Provident Financial (or better, buy shares in PFG). I bought then changed my mind and sold at a small loss. 25 Aug 2017 14:50 ] LONDON (Alliance News) - John Wood Group PLC on Friday announced that several of its senior managers managers bought shares in the oil services firm on Thursday. The FTSE 250-listed company said Sue MacDonald, executive president of people and organisation, bought 667 shares at a price of 571.00 pence each. Shares in John Wood were up 0.8% to 569.50p on Friday. Bob MacDonald, chief executive officer of specialist technical solutions, bought 700 shares at a price of 571.00p each. Nina Schofield, executive president of health, safety, security, enthronement and assurance bought 79 shares at a price of 571.00p each. Lastly, Andrew Stewart, chief executive officer of asset life cycle solutions, bought 264 shares at a price of 571.00p each.

Why is this company being so highly shorted? What's the background ?

AQR have a boner for Petrofac as well! Their shorting levels are at least 4 times that of the other shorters!

I noticed that too - it was reported in the Torygraph 24/07/17 http://www.telegraph.co.uk/business/2017/07/24/serious-fraud-office-launches-rio-tinto-corruption-probe-nine/

Had a little dabble - only a few k. In at 603p.

Value Play

fairysnuff. I might keep an eye on Wood Group to add/compliment my PFC holding (oil & equipment sector). I wonder if there will be possible consolidations in the future (who knows) ? The pension deficit is negligible so that's one tick in my check list. I'm just concerned over the shorting levels (with my Carillion hat on - still burning!). Still - by now, AMFW is in the open regarding SFO inquiry.

aspers - out of curiosity why do you have the hots for WG? The current divi is about 4.20%* - do you hold this as part of a larger portfolio. Are you holding it simply because you believe it cheap and the sp will shoot up soon ? If you are holding purely for divi, why not just buy BP or RDSB where the yield is ~7% (ok, divi cover is nowhere near as good as WG).

Ps Do not believe ANY broker recommendations even if they agree with your own opinion...they do it for their own reasons. The only ones to believe are the professional shorters . ...example Carillion! They get it right more times than wrong. Take my posts with a pinch of salt too ..what do I know! Its just an opinion from a jaded investor.

Be careful folks...I advise caution. Read my post - end of June. Hold if you hold... careful about your buy in point! Check & monitor what's happening regarding shorting levels. https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions

Going to be a busy board on Wednesday!

I confess to selling GFRD so cards on table. However, the TMF should be treated with extreme caution.

The share price seems to only know how to go in one direction. Tome for a BOD change.

Pfc - I'm hoping it's now back on the up so we will be ok! If the SFO drop the case and decide it's all to difficult then both companies will do very well. My comments on wood group are not meant to be disparaging..they are a good company but once the shorters get their teeth in they can do damage. I was just advocating caution! No more, nothing else.

aspers - read my post of Monday 18:13 ( I do not hold, nor intend to hold WG nor do I have any position -- period!). I hold PFC shares and was curious to see what was happening over at WG as you mentioned the shorting level of OVER 12% (which means it's the 5th highest shorted company) http://shorttracker.co.uk/company/GB00B5N0P849/all. As I said on Monday I guess what is driving the recent price falls is the guilt by association (Unaoil). I see AQR are diving in with shorting..just as they have done at PFC.I also see new positions being taken up by other shorters. I would not buy more just at the moment - that's just my opinion. The shorters are hoping for another Petrofac like fall (more than 50% in the share price ... I'm sure you guys know all about PFC !). I suspect that the sp is only going one way for the moment - down. If you've bought, then it's a hold. If you are thinking of buying in hoping to catch it on the bottom - good luck but be careful. I would wait for at least 1 week of stable prices before buying and then only a half stake. I can assure you that PFC is not fun so it was more of a warning to anyone thinking that the sp has dropped , time to dive in! The increase in short levels is dramatic (see the graph on the attached link). The shorters smell blood.

Sorry, but if money is to be made then the shorters are not going anywhere soon. As I mentioned, it is only a matter of time before WG and AMFW get dragged into the Unaoil investigation...and look what that did to the Petrofac share price! Look at the length of time CLLN has been shorted at 24% (yep, almost one quarter of the shares are being shorted!! ). You can hope/ wish that they go away but they want your money and they can manipulate the markets working between themselves ...similar to jackals rounding on a prey.

Couple of other things I'd add, the current yield on WG is 4%. The yield on Petrofac is near 18%. The recent oil price falls have not helped either company.

I guess what is driving the recent price falls is the "guilt by association" (Unaoil). I see AQR are diving in with shorting..just as they have done at PFC. I also see new positions being taken up by other shorters. I would not buy more just at the moment - that's just my opinion. The shorters are hoping for another Petrofac like fall (more than 50% in the share price ... I'm sure you guys know all about PFC !). I suspect that the sp is only going one way for the moment - down. If you've bought, then it's a hold. If you are thinking of buying in hoping to catch it on the bottom - good luck but be careful. I would wait for at least 1 week of stable prices before buying and then only a half stake.