Member Info for Nacho99

Liz Truss is watching the £

https://twitter.com/PhantomPower14/status/1574476438543208457?ref_src=twsrc^tfw|twcamp

Wood has been awarded a multi-region engineering services contract by bp to support efficient and safe energy production through the provision of asset repairs, modifications and enhancements.

The five-year reimbursable contract, valued at around $350m:

https://www.woodplc.com/news/latest-press-releases/2022/bp-awards-Wood-multi-region-contract-to-support-efficient-and-safe-energy-production

That was brilliant. Well done Poker.

It's the same on most boards Crawshaw.
Good luck with your new purchase.
I wish I had some dry powder at these prices.

The FTSE250 has hit a 52week low today.
There are so many stocks that have hit new 52weeks lows this week.
Yes it's disappointing to see a stock you hold going down but you have to take the rest of the market into account.

Well done Ken.

"Analysts at Berenberg lowered their target price on engineering and consulting firm Wood from 300.0p to 275.0p on Thursday after its environment and infrastructure business was acquired by WSP."

"Berenberg said Wood was likely to end the year with close to zero net debt, highlighting the "striking gap" between its current market cap of roughly £1.0bn and consensus underlying earnings estimates for 2023 of $500.0m."

"we continue to see this as an interesting and deeply mispriced asset for investors with the patience for the anticipated recovery."

Patience is they key word here.

Stop complaining about yesterdays drop. I picked up £20K worth.

Do I have any bids over 150?

Wood just completed their $1.8billions asset sale.
Shooting up now.

This would be a nice day for a short squeeze.

That's a lot of money :o)

Acuba,
After Covid, there were so many shares that hit 52 week lows.
And after November 2020 when the vaccines came out, most of the reopening stocks shot up.
Since then, so many stocks have hit new 52week lows in the last few weeks. Often even lower than the lows after Covid hit (who would have thought that back in Nov 2020).
Stocks always overshoot and undershoot because that is how markets work.
Share price movement is not news.
Panic when you have bad news. Not when you just don't have any good news.
If you had no idea what the share price of this stock was today. Would you be happy holding this stock?
Is Europe looking to build more oil and gas infrastructure and are European governments looking to build more infrastructure. Are oil and gas prices (lower than the highs but) higher they were last year?
Wood is into more than just oil and gas but these are the things that are in the news. Their last update did also say the turbines unit will make up more profit after supply issues in the second half.
I've owned shares in the past and sold because the losses got so big I got scared thought I would lose my remaining investment.
But most of the times, I would have made a profit if I had held on longer (because I was looking at the price and my losses rather than the market as a whole).
Thant's not to say it's never a good idea to sell. I sold my Cineworld last year and it went bust this year.
Just look at the reasons you got into the stock and make sure the fundamentals are still correct.
Wood is not very liquid and can get pushed up and down more than some other stocks by short term sellers and buyers.
The fundamentals stay the same.

Unlike some big FTSE100 companies and some other more liquid FTSE250 stocks , Wood is not that liquid.
When sentiment is negative and there are more sellers than buyers, the price will move down accordingly (and visa versa).
Just look at a one year chart to see how the price moves.
It's easy to panic or get over excited when looking at the share price on a daily basis.
GLA
I'm not telling anyone to buy or sell.
Just remember why you bought and don't panic when short term market fluctuations cause prices to go lower than anticipated.
The shorts will always use automated trading to lower the price. In the same way, some buyers may also want to build up a stake but use a selling algorithm to keep the price down while they buy up at a lower price.
The only two prices that really matter is the price we buy at and the price we sell at.
As a longer term holder, there is no need to panic if the price is low if the price will recover.
As a short time trader, the more volatility there is, the more chances to make incremental profits.

Wood jumped up 12p on the 9th September with no news.
Can't complain when it swings the other direction.
Let's see what the next couple of weeks delivers with the sale.

Train drivers at 12 companies will walk out on October 1st.

https://www.dailymail.co.uk/news/article-11219203/Rail-strikes-return-Train-drivers-12-companies-walk-October-1-5-pay-dispute.html

https://www.bloomberg.com/news/articles/2022-09-16/train-drivers-set-to-resume-strikes-over-pay

Today is Triple Witching. They mentioned it on Bloomberg today.

I was looking at Petrofac and Wood Group.

Two stocks I was watching also had uncrossing trades at 10:15 so it might just be something at the exchange rather than share specific.