Wood Group (John) (WG.)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE 250

132.30p
   
  • Change Today:
    -1.70p
  • 52 Week High: 226.00
  • 52 Week Low: 125.70
  • Currency: UK Pounds
  • Shares Issued: 691.84m
  • Volume: 1,387,974
  • Market Cap: £915.30m
  • RiskGrade: 236

Wood Group shares plunge as Apollo pulls plans for bid

By Frank Prenesti

Date: Monday 15 May 2023

LONDON (ShareCast) - (Sharecast News) - Shares in Wood Group plunged by more than a third on Monday as US private equity firm Apollo Global pulled plans to make a takeover offer for the UK oil industry engineer.


Apollo had made five approaches for the company and had to table a firm bid or walk away by May 17.

In response, the Wood board said it remained confident in its strategic direction and long-term prospects and believes that, "following a transformative year in 2022, including new executive leadership and a new strategy" the company was "well placed to deliver substantial value for shareholders".

Apollo had made a fifth cash bid for the Wood Group of 240p per share on April 4. Wood's board rejected the bid, saying it undervalued the group.

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 132.30p
Change Today -1.70p
% Change -1.27 %
52 Week High 226.00
52 Week Low 125.70
Volume 1,387,974
Shares Issued 691.84m
Market Cap £915.30m
RiskGrade 236

WG. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.78% above the market average65.78% above the market average65.78% above the market average65.78% above the market average65.78% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
46.74% below the market average46.74% below the market average46.74% below the market average46.74% below the market average46.74% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
63.38% below the market average63.38% below the market average63.38% below the market average63.38% below the market average63.38% 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
60.85% below the market average60.85% below the market average60.85% below the market average60.85% below the market average60.85% 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 28-Mar-2024

Time Volume / Share Price
16:35 686,692 @ 132.30p
16:35 1,102 @ 132.30p
16:35 1,088 @ 132.30p
16:35 1,385 @ 132.30p
16:35 4,415 @ 132.30p

WG. Key Personnel

CFO David Kemp
Chair Roy Franklin
CEO Ken Gilmartin

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