RE: Pesky accounts7 Aug 2025 17:16
I have already listed some of the reasons why the share price will open substantially higher than the 35p conditional (and conditioned) off based on hype of terrible accounts:
1. Risk of suspension has been removed from the price and no forced selling required anymore due to pending suspension of shares
2. Circa 3 billion of new contacts won since the shares have been suspended
3. BP biggest oil and gas discovery ever made - WG will certainly get something from this possibly very substantial
4. Asset sales of 156 million to negate any debt repayment worries until the end of 2026!!!
We know the accounts are going to be bad however what we do know is the Wood Group can go alone, when billions of pounds worth of contracts, the company is positioned across the globe ready for massive projects in the future. People like you need to have a word with yourself being conditioned to accept 35p when only 1 year ago the company could bvae been sold by the same buyer at north of £2. This is before Wood Group one recently 3,000,000,000 pounds worth of work and also before BP’s biggest ever oil and gas discovery, and also before asset sales have exceeded their forecast sale value Demonstrating that Wood Group have no issues with the debt repayments until the end of 2026