all slightly puzzling .... delighted that sp has shot up today, as has WSM, but there is certainly no news out, other than riding on the back of the t/o approach to Expro, so ask myself whether or not i should bank a very quick but very nice profit.

Exon mobile are to invest $125b into new production year on year so good news for oil service companies

is that an exceptional amount for Exxon?

This is going to seesaw all the way up to 450p !

Told you so !

have banked my profit at 423.25 ..... 4-5% clear in 2 days is not to be sneezed at ..... expect to buy back in here in due course, but Dow is very jittery and could end up anywhere

Cynic, this goes exdividend on 19/3/08...many a time a share will climb before ...

it's an excellent company, as is Wellstream and Petrofac ..... however, as i trade via CFDs and Dow could easily fall below 12000 even tonight (it really can't determine a direction at the mo), then reducing exposure was no more than prudent

Very resilient today !

and flying today !

Nice bounce today up 10%.

up another 5%this am.

Looking strong again today, recent broker forecasts..

Wood Group (John) PLC

FORECASTS
2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Oriel Securities
12-12-08 BUY 279.95 27.40 5.20 307.34 38.10 6.90

Arden Partners
08-12-08 BUY 254.70 32.10 6.40 246.70 30.50 6.10

Evolution Securities Ltd
01-12-08 ADD 247.75 33.61 5.86 250.75 33.93 6.51

Eden Group
03-11-08 BUY

Singer Capital Markets Ltd
30-10-08 BUY 235.68 27.90 4.60 282.08 33.40 5.70

Charles Stanley Securities
14-10-08 HOLD 175.63 23.58 4.52 200.72 26.85 5.02

ABN AMRO
29-08-08 BUY 223.14 28.21 5.36 259.24 33.08 6.16

Seymour Pierce
16-05-08 UNDP 175.40 22.20 4.00 202.00 25.50 4.50


2008 2009
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 252.34 29.08 5.49 258.36 32.61 6.32
1 Month Change 16.98 1.08 0.45 -2.42 0.81 0.37
3 Month Change 38.13 1.48 0.41 11.25 0.71 0.80


GROWTH
2007 (A) 2008 (E) 2009 (E)

Norm. EPS 52.33% 62.04% 12.14%
DPS 16.81% 97.48% 15.12%

INVESTMENT RATIOS

2007 (A) 2008 (E) 2009 (E)
EBITDA 186.63m 312.92m 315.96m
EBIT 151.32m m m
Dividend Yield 1.41% 2.78% 3.20%
Dividend Cover 6.46x 5.30x 5.16x
PER 10.99x 6.78x 6.05x
PEG 0.21f 0.11f 0.50f
Net Asset Value PS 37.86p 122.83p 148.5

12/12/2008...

Goldman Sachs as a buy for Wood Group, cutting target to 250p from 330p .

Barclays have a target on this at 4.10 with a buy rating

Our pivot point is at 327.

Our preference: the upside prevails as long as 327 is support.

Alternative scenario: below 327, expect 308.25 and 296.75.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 319.37 and 316.08). Wood Group (John) Plc is currently trading near its 52 week high reached at 354.9 on 21/10/09.

Supports and resistances:
391.75 *
380.25 **
369
345.2 last
334.5
327 **
308.25 *

John Wood is a provider of engineering services to the power production and natural resources sector. Many companies in this sector have seen their share price suffer recently. However, John Wood shares are up 56.8% in the last 12 months.

The company's recent interim results suggest what has led the share price to soar. In the first six months of 2012, John Wood delivered a 36% rise in revenues. The eps increased 48% and the interim dividend lifted by 46%. Today, the market is expecting Wood to deliver $0.86 (54.4p) of eps for the full year.

John Wood also has an impressive dividend record. The shareholder payout has increased from $0.065 per share in 2006 to $0.15 per share in 2011. Analysts expect that the company will increase dividends by more than 10% per year for the next two years.

The market has rewarded John Wood's operating success with strong share price growth

Stock to Watch: Wood Group
By Edmond Jackson | Fri, 24/08/2012 - 00:00


http://www.iii.co.uk/articles/49314/stock-watch-wood-group

Wood Group on track as markets remain favourable
Fri 05 Oct 2012

WG. - Wood Group (John)


LONDON (SHARECAST) - Oilfield services firm Wood Group continues to be confident of hitting full year profit targets, with conditions in energy markets remaining favourable.

"We anticipate strong operating cash flow in the second half, and our strong balance sheet provides a robust platform for growth," the group's interim management statement said.

More to follow ...