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 ...

Interim Management Statement

Haven't traded these for a couple of years, results thursday. Worth a wee punt if it can bounce of 200DMA. Left a limit buy on the spreads (Mar Cont.) @ 782.0

Long 755.0 March contract on spreads.

Wood Group drops after mixed update - UPDATE
By Benjamin Chiou

Thu 13 Dec 2012

WG. - Wood Group (John)

Latest Prices
Name Price %
Wood Group (John) 733.50p -4.55%

FTSE 100 5,930 -0.27%
FTSE 350 3,166 -0.25%
FTSE All-Share 3,101 -0.25%
Oil Equipment, Services & Distribution 24,142 -1.91%

LONDON (SHARECAST) - Energy services giant Wood Group has said that it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'.

However, shares were down by 4.36% at 735p in afternoon trade on Tuesday after the company reported mixed conditions in its Engineering and GTS divisions.

"Overall, performance for 2012 is anticipated to be in line with expectations," Wood Group said."We anticipate further good growth in 2013 and remain confident in the longer term prospects for the group's market leading services in oil & gas and gas fired power generation markets."

The company expects its Engineering division to report over 30% growth in 2012 earnings before interest, tax and amortisation (EBITA).

In upstream, while the group is making progress in its projects in Australia and Angola and remains active in projects in the Gulf of Mexico, it did admit that it expects "some reduction in activity" in the Canadian oil sands market in 2013.

In subsea and pipelines, the company said that it continues to see good activity levels in onshore pipelines in North America. However, in downstream, Wood Group said that the market outlook remains "subdued", though it has seen some improvement in the second half.

Elsewhere, Wood Group PSN, which provides brownfield services to the oil and gas industry, has been boosted by a strong performance in the North Sea and in North America.

Meanwhile, turbo-machinery division Wood Group GTS has benefitted from the contribution from its oil and gas related activities. However, it also revealed that it has recognised reduced margins on its contract with GWF.


Credit Suisse cuts forecasts

Credit Suisse said that it has cut its Wood Group forecasts for 2013 and expects consensus forecasts to come down also, largely on softer GTS profits.

“In GTS, large lump-sum contracts (GWF, as flagged earlier in the year) are less profitable than hoped, and we have brought our earnings down modestly, offset by anticipated good demand from higher run-time on US turbines,” the broker said.

Credit Suisse maintained its ‘neutral’ rating and 925p target price for the stock, “largely as we believe this high-quality name is fairly priced at current levels”.

Thanks DC.

Stopped out on the spreads @ 735.0 -20