Market's view on Wood Group (J)
Published on April 2024
- There is noticeable market growth in the UK, with companies actively seeking engineers and offering both staff and contract positions.
- Concerns are raised about potential US listing pressures and forecasts of share price increases, indicating a volatile market perception.
- Some stock watchers are optimistic about the company’s share value at current levels and suggest buying opportunities.
- A major shareholder’s recent share purchases are highlighted, adding to the mixed sentiments about the company’s financial strategies.
- Discussions about the company’s financial management include critiques of executive decisions on share buying and the implications for shareholder returns.
- The company’s handling of legacy issues and their impact on future financial projections is noted, with expectations of significant free cash flow improvement from 2025.
- There are accusations of orchestrated attempts to manipulate the share price through media and investment strategies, reflecting deep mistrust among some investors.
- The debate includes sharp criticism of the company’s leadership, particularly focusing on perceived financial mismanagement and its impact on shareholder value.