Member Info for Nacho99

"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.

What comes down must go up (unless it goes bust like Cineword).

So you keep telling us Carrots!

No, they said no divi this year and the sale will be used to pay down debt.

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

"the completion of the sale of the Built Environment business, which we expect around the end of Q3"

I meant to say:
My thinking is that the new CEO was hired under the old CEO's watch knowing he would replace him.

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

You fell for that one.

Thanks BarclaysShare, I missed them saying that. I thought the last CEO was leaving it to the new CEO to decide.

I'm just wondering what the effect will be when the cash is in the bank and the debt paid down.
Having said that, we are still to hear exactly what the new cash will be used for. eg: what percentage to pay down debt and what percentage will be used for other things.
Petrofac's update last week really seemed to be a repeat of what they said last time around (costs and outflow are up but things are looking good looking forward).
I'm expecting the similar with woods update (sure it could be better I would not be surprised if it's not given how recent the last update was) unless they mention something about the new cash.
Talking about Petrofac, they are up over 3.5% today so will keep an eye on them to see what might be up there.

There are plenty £billion + contracts going around, but they don't get awarded in days/weeks.
DYOR but there are a lot of experts saying the stock market is in a bear market rally.
It's only natural to want a share we hold to go up in price and we only buy because we think it will go up.
But time scales are important.
I've owned Wood and PFC for some time and too many people are expecting the prices to shoot up in a matter of weeks.
I'm holding Wood and would love it to shoot up :o)
But i don't expect much from next weeks update.
Like PFC, they said in the last update that the first half is not great but should be better in the second half.
To me, that does not mean the next update is going to make the stock rise.
I'm looking forward to the sale to being finalised. Not because I expect the price to rocket but because I'm genuinely interested in how it will effect the price.
I'm now down to an average of 162p from 212p in February.
Not by averaging down but selling on peaks and buying back on dips.
I will carry on doing the same but I will only do it with fractions of my holding as I don't want to risk not holding a decent amount after the sale is finalised and you never know when a BIG contract win might come along.
And if after the sale, there is no big jump, I will be disappointed but not surprised.
Why? because the decent gains will be on months/years rather than days/weeks.

Combined value of over $200 million

Wood awarded two major multi-million-dollar projects in Uzbekistan
https://www.woodplc.com/news/latest-press-releases/2022/wood-awarded-two-major-multi-million-dollar-projects-in-uzbekistan

Yes S4 have never made a post tax loss of £2919 million.

Yes, but last year S4 made an Operating Loss of £42.05 million.
last year WPP made an Operating Profit of £1,229.00 million.
A loss making company needs to worry about debt more than one making profits which can be used to pay the debt down.

We seem to be following Petrofac down after their 6 month results.

Yes, WPP has gone from 1150 to 817p. (29% drop)
But S4 have gone from 570 to 146p in the same period. (74% drop)
Everyone has different investment goals.
The two companies are in the same sector but they are in very different positions.
One has been paying divi's for years, one has never ever paid one.

https://www.londonstockexchange.com/news-article/PFC/petrofac-limited-results-for-the-six-months-ended-30-june-2022/15580533