Member Info for stew200

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Very interesting form a poster on Advfn

Another week of excellent wins across Wood and continuing to partner with our clients in our markets. Here's your weekly round-up:

•Chevron – contract to deliver brownfield modifications for the US Anchor project.

•BP ROO – contract to provide lifting management specialist services at the Rumalia field in Iraq.

•NEOM - contract for ornithology (bird and bat) survey for 2025.

•Hibiscus Petroleum - awarded spares optimisation Phase 4 to leverage AI-driven inventory optimisation (partnering with the Wood maintAI - IAS team).

•Rio Tinto – a three-year contract for the Concentrator Structural Integrity Remediation Program for the Oyu Tolgoi Copper/Gold mine in Mongolia.

There is no chance of administration for a long time yet

Have you not just read what I’ve posted? I think Wood group can do much better if they go on their own. Interest rates are dropping fast and debt can easily be renegotiated given the huge positive pipeline at work Wood group have. Knowing the business quite well 35p should be rejected.

Interest rates are currently falling at the fastest pace in history and Wood have said they will be restructuring and re negotiating the debt over the next 12 -18 months. There are many many other companies trading with much higher debt and valued multiples without all the new work Wood are winning and potentially will have the opportunity to win. I know wood quite well and my opinion is this is literally just a wobble and the best option is the bid to fall

Through and Wood to carry on independently

Hi Rock why don’t we have the time? Debt is not due till October 2026 and wood are winning work left right and center

Good news out today

Yes likely to get sold at near £1 with all the new projects coming and debt management restructure

As of May 2025, the majority of John Wood Group’s debt facilities are scheduled to mature in October 2026. This includes a $1.2 billion revolving credit facility and a $200 million term loan, both due in October 2026. Additionally, the company has $352.5 million in U.S. private placement debt, with approximately 75% of this amount maturing after the end of 2025

And back up again some activity certainly going on

Is this the shutdown for start up ?

Dogger haha no chance of administration for another -18 months and knowing wood well they are winning work / projects all over

Almost certainly a higher offer will come in above 35p

Not at all I think there will be more offers coming so could be much higher than 33p when out of suspension

Guess for July and a gap up to 33p on open

I reckon July 25th recommenced trading and big gap higher on publication of accounts

As of June 30, 2024, the company’s principal debt facilities include: 

• A $1.2 billion revolving credit facility maturing in October 2026

• A $200 million term loan also maturing in October 2026

Ah ok thanks just for aims information there is no risk

Of bankruptcy till at very earliest July 2026

Interest owed :

• July 2026: $57.9 m

• August 2026: $58.8 m

Aim - why do you keep saying risking it all? Can you not comprehend the current situation we are in? The only reason to share price is being suspended tomorrow due to posting of account. The debt isn’t due for a long time yet so this will be no means all over for at least another year if not a lot longer.

Looking good here hopefully close 35p is by the weekend