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If this persists and assuming no horrors in the financials in a weeks time, I'll be using next years ISA allowance to buy up a few more me's thinks! :) Although my portfolio is beginning to a look a little lop sided! lol

@tony, when you say average 50p for next three years, do you mean a 50p annual increase over those?
It'll be up 50p by end of those three years?
Or god forbid, the average price will be 50p over next three years?

I've said it before. I reckon he is y11. The swing trader who likes to claim he is a genius when he gets a couple of quick swing trades right and has jumped into another account to save face now that he got caught out by a downswing, despite us warning him his games were risky and there's a downside. In which case, kinda makes me happy that he is out of pocket.
Could equally be snapper, the sacked ex staff guy with no shares and an axe to grind. Hiding as when he appears I point out why he is bitter.

God forbid he held any russian shares at the mo! Or even WG which I also hold and am deeper in the red with than I am here.

There's been a wider flight for safety and the gold price shooting up as people pull money out of shares. The main ones doing well right now are stuff like BAE, war machinery!

There's not just a war, but an economic war going on. Dark money running for cover from the russian laundramat in London, in fear of sanctions. Jumping into crypto and gold to try and shift that money secretly to a safe place.

The boy needs to grow up and take responsibility for his own decision and lack of understanding and **** off or shut up.

That may be Poler, but doesn't explain why they issued new shares rather than bought them, as would be the norm!

Lol @ moon.
75% on what basis? Why is it about to drop that much? Do enlighten us!

If it results based, that implies they should have cash to buy the shares. If they don't have the cash, they have not performed well enough to justify a bonus IMHO.

What's the script with this new RNS? Am I readong correctly? Another million shares to hand out as bpnuses to directors? Why aren't they buying them at these low prices and helping the price in the process?

Sorry, 13%. Was looking at the 5 day chart. Still!

Holly crap. Just looked at Wood and it has fallen 9ff a cliff today! 18% drop and my profit/loss on that one back to zilch!

It's been a few years since I worked there but Wood used to turn down anything lump sum. Most of their work was reimbursible / cost plus, so inflation was never a real issue.
In fact, if costs went up, so did their profits as it was a percentage of the cost and increased accordingly.

Snapper, I put a bet on this very long. Go back and check my claims after I finally invested.
You will also find one of my comments stating I wasn't too chuffed that they had an MOU with a russian company given they were trying to prove they were cleaning up their act.
Hope you found a new job after they sacked you though ;)

Not great JG. Not great at all. Just wish it was all over already. Not just for the sake of this share, but in general we are at a very dangerous point in all this and I am just preying it doesn't kick off big time!

Oh, the sacked snapper is back to bash the company that binned him! Bless.
You did notice their backlog increased in last results, without much news of new wins.
They've extended a contract or two and couple new ones.
More in renewables being announced which bodes well.

Do you have proof they can't get on the bids list?
The process takes months, if not years. The ones being awarded today probably had an EOI pre SFO resolution and may already have been excluded.
They have 5 years to turn the ship around and before they have to refinance those bonds.
Interest rate locked in also unlike some who have loans which will be shooting up soon if interests rates continue to climb.
I presume that is part of the reason for the Wood decision, get rid of the loans by selling a division and ensure they aren't saddled with too high cost of finance.

P.S you are accusing them of fraud, for which they were investigated and never convicted. It was failing to prevent, remember.....So careful how you go there ;)

Why highlight the SFO stuff again by releasing a RNS? Just make it a passing note in next months results.

Regarding Ukraine it is interesting to see the latest contract win is in a Russion territory (Sakhalin). Then thinking Gazprom MOU. Does that mean the oligarchs have money invested here?
Would be interesting to know the percentage owned by them. Pretty sure there is a decent percentage owned US and Shroeders is Uk based.
Ukraine not ideal in these circumstancds and could easily be getting tugged in any manner of direction!
Just wish they'd make up and shake hands already!

Looking forward (and slightly nervous) for accounts to drop next month. Hopefully they show the recovery well underway but sadly not enough news of contract wins to make me confident of that in this set. Return to profit yet? Cost savings complete?

This was pretty volatile back when y11 was gambling. They were at the time looking down their nose at anyone long term and banging on about the wheelbarrow fulls of cash they were making on a few pence swings.
It sounds to me like they were up £26k, considered getting out, but thought they could win more at the casino due to some bullish long term people on here and bought at the peak. Has since lost over 40k and with it their gains, taking then under water and started to cry about it.

Play risky games and occasionally you get burned! Some did point that out at the time and it is why I don't indulge.

They clearly don't do their own homework or research. Prefering to be influenced and blaming others.
Certainly not a patient person!!!

Vincent, just filter him. He is sprouting rubbish and your reply has uncoveered to me that he's telling big fat porkies.
How, with a an average over 1.80 as he apparently claimed, was he ever £26k up. Yet only a couple of weeks ago he claimed to be £13 or £17k down.

Either it is y11 (also in my green bin) who was swing trading, got in a trap buying at the high. He was always on boasting about his tiny day to day wins and would never admit to a loss, so uses another account. Or it's snapper, the sacked ex employee who just came on bad mouthing the company and share all the time.

I think some have just drawn lines on graphs or looked at old share prices and expect it to return there.
This lot were motoring before the oil downturn in 2015. 7billion or so in revenues and closer to 10% margins.
They were just getting back in shape when the SFO came along in 2017. 4 years later their backlog, revenues and profits are a fraction of what they were and they've got a lot of rebuilding to do and a fair bit of debt to clear.
Between the SFO case, one major project **** up, the huge drop in price and the refinancing, investor and customer confidence will be low at this point.
A few quarters of steady earnings, backlog growth and hopefully dividends returning ,should hopefully change that. They just need to show they can cope with the higher cost of borrowing and pay down some of that debt, allowing their credit rating to return to investment grade, FTSE retry etc.
Assuming that and some serious diversification (hopefully a rebrand from their terrible golden drip of pish and oil related name in the process) in a few years time....maybe we could see several multiples.
Some seem to expect that overnight. (Q, who I'm sure will jump on the back of this telling everyone how I personally have lost him money, with a few stupid, factually incorrect insults thrown in to boot).

As others and I have stated, their skillset is critical to reaching net zero and they and similar companies will be in very high demand.
As that ramps up, we may well see a return to those old levels of revenue, margins, share price and dividends.

They don't RNS most contract wins. Neither do their competitors.

Can't buy ITM power for same reason I would send email to FCA.
Don't work for them but work on proects with them and know a thing or two about the company.

I'm guessing that there are some worried about recent rockets in UAE and the chance of some fun and games out there.