Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I usually check londonstockexchange.com for up to date RNS's and the like. I have noticed it takes time for this site to be updated.
Jokes aside about the Director buys, there has been some very strong buying today.
I wonder if the sale is about to complete?
Press release:
Wood to deliver detailed design for Equinor’s Halten Øst multi-field development project.
https://www.woodplc.com/news/latest-press-releases/2022/wood-to-deliver-detailed-design-for-equinors-halten-ost-multi-field-development-project
I sold all my PFC and put it into Wood in May.
Wood has fallen more than PFC since then so might not have been the best choice but that may change when the sale completes towards the end of next month.
It would only take a big contract win for one to leapfrog over the other.
"Not Rated" may be for a number of reasons.
They may be involved in the asset sale and their policy may mean they have to withdraw from ratings.
They may want to withdraw until capital day to have a better idea of how to rate the company.
We will hold a Capital Markets Day on 29th November 2022 to outline our updated strategy in detail.
A meeting for investors and analysts will be held at The London Stock Exchange at 9:00am.
The presentation will be webcast live at
https://edge.media-server.com/mmc/p/2y765v44
I'm a little more positive than that Deadly.
I believe (could be wrong) the new CEO was already in place when the last update was give.
My thinking is that the new CEO was hired under the new CEO's watch knowing he would replace him.
Working together, any expected bad news would have been released before the new CEO was in place.
Yes there could be impairments, but I don't expect them to be too bad.
I'm expecting an update that repeats short additional costs but a positive forward bid pipeline.
How the market takes it if it's like that, I have no idea.
Anything different, let's see what we get.
I'm with Deadly on this one.
I've seen three stocks I have been watching get hammered when they gave updates that were inline with expectations for year end, but had short term headwinds.
The market these days seems to worry more about the very short term rather than the year end results.
I'm happy with the volatility though. I'm in bellow 159p now.
Well done Deadly for getting in so low.
I'm looking forward to tomorrows update with interest rather than expectations.
I'm very upbeat about this stock, but I'm talking quarters rather than days (Yes a BIG contract could changed things overnight, but for me that would be welcomed rather than expected in the next few weeks).
GLA