Member Info for Sm66

This just hit my target buy price, Christmas is coming,

Very happy to trade JD over a shortish term.

So, if I read that statement correctly, wood have been paying VAT to HMRC but not invoicing some overseas customers. So a 20% disconnect on some contracts, therefore once the review is complete, wood could be owed $$$ many millions which would go some way to explain why the BOD rejected 230p

Lots of speculation about the slow increase whilst in the background the 2 shorts are most likely having a comfortable and metered reduction. It’ll take a substantial II to start buying to move us up quickly or a positive statement from the BOD or a new bid.

Having said that, the CEO has given any PI following WG a great opportunity to make a few bob!

I mostly agree with James Oxford’s view point here.

Hoping for the “event” prior to a recovery north of 100p as I will start trimming is it sits just above 100p for too long. As for the CEO, anyone rejecting an offer of 230p as it undervalues the company and then being responsible for a drop to 50p is on seriously thin ice. Time will tell, it always does.

Of note was they are urging the company to sell.

For me the review will dot the I’s and cross the T’s for a successful sale. Apollo and Sidara will have completed extensive DD before making an official offer. The question remains for mere mortals is timing, how long can the price be held so far below fair value. Funds will want to steal the business but the fact we’ve had 2 interested parties means there may be a competition which bodes well for shareholders.

Any comparison with PFC is laughable

PFC has had a torrid couple of years triggered by the SFO investigation and unmanageable debt hence the current SP at 11p. They may not be able to trade their way out of the hole they’re in.

Wood is a different animal

That was an interesting read!

If they were disappointed at 130p and agreed that the Apollo offer at 230p was below fair value, what are they saying to the BOD now at 50p.

It does look like this letter may have influenced the strategic review currently underway that spooked the market. The outcome may be to move the listing to the USA in order to achieve fair value. We shall see,

Does Franklin have any association with Apollo?

4 trades so far today and yet IG is showing “ auction “

Broker ratings for this year range from 150p to 250p with almost all stating hold or buy.

The last time Morgan Stanley put a rating on WG was November 2020 when they increased guidance from 303p to 324.

That article looks fake

Yorkshire blues

This could easily be back at 120p tomorrow or the end of the week. The market is taking the p-ss out of WG.

Have to wonder why the board rejected Apollo? If 230p undervalues the near future worth of the business.

A few people are chirping about PFC which is a completely different story.

Interestingly PFC PE ratio is -1

Wood group PE ratio-4

Latest RNS stated EBITDA increase 4%, multi billion pipeline etc,etc.

I could be wrong and I got seriously burned by PFC but there’s no bad smell with WG. The market is doing what it does and at some point all will be known.

All the best

In my view

A poorly worded RNS caused the market to open at 100p

Franklin panicked and caused a landslide

Resident short saw an opportunity and put its boot firmly on the throat of WG SP.

Therefore the drop is meaningless and the SP will recover. I doubt it’ll go above 100p until the audit is made public unless one of our bidders seizes the opportunity.

Happy days to come

If up 5% on the day is tanking then I’m a new fan of tanking

Apollo and Sidara both offered north of 200p.

After a very poorly managed RNS the sentiment is at an all time low without any solid evidence, good or bad.

This is now primed for an attack as long as they can keep the SP below 100p

Looks like our resident short increased by 0.59% yesterday

Stumpy

Everything is a risk!

But 60% discount on a billion pound company with an increasing EBITDA £4 billion order book and a management team that rejected 230p because it undervalued the company looks to me like minimum risk and maximum reward.

But what do I know?

I got it horribly wrong with PFC

That article is 2 weeks old.

Yesterday’s drop appears completely overcooked, today’s recovery is possibly the shorts carefully leaving with their profits. Once they’ve finished I’d expect the recovery to speed up?

John Wood Group is trading at £1.35, significantly below its estimated fair value of £2.09, indicating it may be undervalued based on discounted cash flows. Despite recent net losses and volatile share price movements, the company is expected to achieve profitability within three years with earnings growth forecasted at 96.78% annually. The board's rejection of acquisition offers underscores confidence in future prospects and anticipated significant cash flow generation in 2025 amidst moderate revenue growth projections.

According to simply Wall Street 209p