Wood Group (John) (WG.)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE 250

148.00p
   
  • Change Today:
      0.70p
  • 52 Week High: 225.40
  • 52 Week Low: 125.70
  • Currency: UK Pounds
  • Shares Issued: 691.84m
  • Volume: 764,294
  • Market Cap: £1,023.92m
  • RiskGrade: 236

Wood Group shares surge as talks open with Apollo on £1.6bn bid

By Frank Prenesti

Date: Monday 17 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Shares in Wood Group surged on Monday after the oil and gas engineering firm said it had decided to start talks with US private equity group Apollo on a potential £1.66bn takeover.


Wood has rejected four proposals from Apollo but has now decided to grant access to documents for due diligence after a fifth approach at 240p a share, the company said on Monday. The stock rose more than 7% to 228p on the news.

It added that a deadline for a firm bid had been extended to May 17 from April 19.

"Apollo has stated to the board that it values the skills and capabilities of Wood's employees and believes the company is well positioned in its markets and at the forefront of the energy transition and industrial decarbonisation," Wood Group said in a statement.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WG. Market Data

Currency UK Pounds
Share Price 148.00p
Change Today 0.70p
% Change 0.48 %
52 Week High 225.40
52 Week Low 125.70
Volume 764,294
Shares Issued 691.84m
Market Cap £1,023.92m
RiskGrade 236

WG. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.73% below the market average17.73% below the market average17.73% below the market average17.73% below the market average17.73% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
31.04% below the market average31.04% below the market average31.04% below the market average31.04% below the market average31.04% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
65.71% below the market average65.71% below the market average65.71% below the market average65.71% below the market average65.71% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
57.62% below the market average57.62% below the market average57.62% below the market average57.62% below the market average57.62% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 4
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WG. Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 25-Apr-19
Paid 26-Sep-19 16-May-19
Amount 11.40¢ 23.70¢

Trades for 25-Apr-2024

Time Volume / Share Price
16:35 406,269 @ 148.00p
16:35 541 @ 148.00p
16:35 887 @ 148.00p
16:35 1,082 @ 148.00p
16:35 7,172 @ 148.00p

WG. Key Personnel

CFO David Kemp
Chair Roy Franklin
CEO Ken Gilmartin
CFO Arvind Balan

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