Member Info for WilyCoyote

If they are FTSE 350 companies - imho those are the ones to be interested in - WHY are they going down more than their peers?

Noticed that VOD is also down 6% - but I made money from them - but they are a bit of a lame duck at the moment

It will be the same with limit orders - if speculators are putting lots of buy orders at 53-54p - the price can be dropped to scoop them up - because generating trades is what the Brokers and MMs are there for

The FTSE 100 and FTSE 250 - both down approx 1.1% - WG down more than 6% - that's more than a 'general down day'

Is that not the problem with stop-losses - the MMs can see them?

Lots of companies are based in the USA - doesn't mean they are sourcing locally - look at what comes from Mexico.

The whole thrust of Trump's proposed trade plan is to reverse the policy of US companies outsourcing to other countries.

It remains to be seen how this will affect WG. - and companies in general. Knowing Trump - it may well be just talk - and little action

Starmer is going to find himself increasingly isolated on this pledge to reduce emissions - look at the countries that HAVEN'T turned up to COP 29

LOL - You're gonna need a bigger bin.

If Deloitte were already working for Wood - that in itself is a bit worrying - hardly the 'independent review' claimed by the company

The lack of communication here is the key point.

We had one IT contract go wrong in my old company - because the project manager was hiding his failures to stick to his budget - and not meeting key milestones on a large contract - is this what is happening here - an isolated event - or is it systemic failures - possibly resulting from the 3 year restructuring programme the company is going through?

I think the board must already well on the way to believing other problems will be found - else why call in the auditors?

It would be interesting to know if the known dodgy contracts are isolated to one country - one division within a country or one or two individual project managers being 'economical with the actuality'.

This happened on one project in my old company - and it wrecked the results for all the divisions within the UK

'It’s all historical and based on goodwill'

The company is talking about a761m loss in the half year results, published in August - that is going to affect the full year results - for the year - hardly historical

'Any adjustments on the above figures won’t have any impact on cash in the bank'

Will they HAVE any money in the bank?

If the company is now worth approx £500m- presumably including it's cash reserves - and it admits to a massive £761m loss in the first half figures - that sounds like shaky financial ground.

And that's BEFORE the review is complete

From the Telegraph last week:

The company warned that the review, led by Deloitte, would assess whether "any prior year restatement may be required" for other large contracts - prompting fears from investors that Wood may have to book further writeoffs

I knew almost nothing about this company - until last week when the software I have picked up the price drop.

I have no insider knowledge - and no theory - I'm curious that a bidder 6 months ago no longer seems to be interested - despite the valuation dropping 75% in that same period.

What has changed?

That's not a theory - or inside information - it's a question I hoped someone could answer :)

My point is obvious - and clearly stated - if you can't see it - maybe share trading isn't for you :)

The most interesting point in the article - is that the bidder who offered 1.4 BILLION - only 6 months ago - doesn't seem to be interested now - with the company worth only one quarter of that May valuation

Does that bidder know something from their due diligence work - or are they simply not in a position to bid now?

You don't get many FTSE-350 companies announcing they are having to do an emergency audit of their books - just in case something MIGHT be wrong - something IS wrong - and the market makers just don't know how bad things are - that's why they gave the share price a good kicking.

MMs always punish companies who play fast and loose with the rules - that's what AIM is for

Those bids are making even less sense at this price.

Not sure when the bids were actually made - but this share price has been north of 220p for over a year.

At this CURRENT price - any serious bidder would be at least accumulating shares - or putting together a new bid

Aye - due diligence at work here I think - It may well have been what prompted the company's own financial investigation

Anyone know the story here?

A company has to be in the top 90 - to get automatic promotion - we won't be close to that position

I agree - but if I had the cash to speculate on this share - I would have bought at the opening price - where the drop almost exactly mirrored the div payment. Then it's a gamble on the medium term movement of the price - current brokers analysis indicate an upward movement