RE: Wood Group to drop out of FTSE 25027 Nov 2024 08:37
JG
I wasn’t in PFC .. but shorters there reduced that from about 85p to 10p gradually before the hard truth was laid bare .. I do t think WG is a PFC I don’t think they have the same legacy problems.. well I hope not .. I’m not going to chase my losses here as I’ve got 7000 share @120 .. my view now is that if it goes bust I only lose another £3.75k but I suspect this will hit a£1 next year and then hopefully another buy out comes along .. that was the only reason I bought in .. I took a chance another buyout would come along .. WH seem to have something that is wanted and the price is right