Member Info for Nacho99

WPP pays a bigger Dividend though.

Bloomberg have an artivle headed are saying "DOJ Is Preparing to Sue Google Over Ad Market as Soon as September."
"The US Justice Department is preparing to sue Google as soon as next month, according to people familiar with the matter, capping years of work to build a case that the Alphabet Inc. unit illegally dominates the digital advertising market."

https://www.bloomberg.com/news/articles/2022-08-09/doj-poised-to-sue-google-over-ad-market-as-soon-as-september

Would this effect WPP?

Well I'm joining Barny in his flabbergasted flabbergastation.

Wood has learnt from past mistakes (write downs) and changed what it bids on now.
There is no reason for the sale not to go through. They said it will be in H2 and they only just got the shareholder vote passes this week.
There share price is down because there is no reason for it to be up right now.
Wood is not paying a divi and profits are down.
Oils producers are making missive profits and paying decent dividends. but they are not rushing to invest.
It takes time for big projects to go from planning to bids being won.
They will come but the big gains will be in quarters rather than days/weeks.

“Expect a stronger performance in H2 across all business units, supported by the higher order book”.
I would be looking at the H2 numbers at the end of the year rather than the next update.

It's general advice. I often average down but you have to be carful not to fall into a value trap and average down into a stock with a downward trend. Rather than averaging down, the money can be often be better used to invest in another stock with more upside potential.

Don't thank me, thank OPEC+. They just had a meeting and decided to only increase production by 100,000 barrels. Oil is heading up and so are we.

Last step completed before sale completes in the second half of 2022.
https://www.londonstockexchange.com/news-article/WG./result-of-meeting/15569745

These are questions everyone would like to know the answers for. I'm averaging at 165p at the moment so only 9% down at current price. I have some dividend payments due on Friday so the price moving down right now is not such a bad thing for my long term goal.

Sorry, spoke too soon. Everyone panic.

Panic over. We are back above 150.

LONDON, July 29 (Reuters) - The owners of British cable group Virgin Media have joined forces with an investment firm to plough around 4.5 billion pounds ($5.5 billion)into a new fibre broadband joint venture that will pass 7 million premises, in direct competition with BT.

Just noticed there was very large volume yesterday.

I've got a watchlist of about 40 stocks. So many of them have hit year lows today I'm not worried about Wood being in the same club.

Wood has secured a new multi-million-dollar front-end engineering design (FEED) contract by ****stan Refinery Limited (PRL) for its planned Refinery Expansion and Upgrade Project (REUP) in Karachi.

https://www.woodplc.com/news/latest-press-releases/2022/wood-to-strengthen-energy-security-through-prl-refinery-expansion-and-upgrade-project

Acuba, I'm as blind as you are when it comes to understanding why prices go down when there are more buys than sells (and visa versa).
My take is this: we all think more buys will push the price up and more sells will push the price down.
But if there is a large buy order or sell order by a big holder/institution, it works the other way.
For example, if a big holder want's to buy 500,000 shares. Other holders have to sell 500,000 shares.
For that reason, the price is pushed up to encourage holders to sell. So it looks like there are more sells than buys but the price goes up. Same goes on the way down.
A big holder want's to sell buy 500,000 shares. Other holders have to buy 500,000 shares. For that reason, the price is pushed down to encourage holders to buy. So it looks like there are more buys than sells but the price goes down.
That's my uneducated take.
I always look at the uncrossing trade at the end of the day as that does usually balance things out.
But today with Wood, the uncrossing trade was about 500,000 sells but that was included in the figure I mentioned before:
Vol Sold: = 1,185,019
Vol Bought: = 1,931,780
I'm down but a happy holder because I don't expect to be in profit all the time.
What matters is the price when I want/need to sell.

As sure as I can be if I go by the statistics on this website.
Look here: https://www.lse.co.uk/share-fundamentals.asp?shareprice=WG.&share=Wood-Group-J
Vol Sold: = 1,185,019
Vol Bought: = 1,931,780
It was a buy. If someone is happy to buy that amount now, that shows that someone is happy to invest £1,000,000 in Wood right now.
I was holding when Wood hit 152p and my average was 204p.
I've managed to bring my average down to 172p since then.

No idea but did I saw 3 buys today over £100,000 and one of them was for £1,000,0000.

Wood awarded owner’s engineer contract for Cameron LNG expansion project

https://www.woodplc.com/news/latest-press-releases/2022/wood-awarded-owners-engineer-contract-for-cameron-lng-expansion-project

OWLS, you are right.
I was not trying to advice anyone to day trade.
By "trading", I was referring to taking some profit when I was up and reinvesting when/if the price pulls back.