Wood Group (John) (WG.)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE 250

54.00p
   
  • Change Today:
    -0.15p
  • 52 Week High: 210.20
  • 52 Week Low: 49.84
  • Currency: UK Pounds
  • Shares Issued: 691.84m
  • Volume: 6,066,272
  • Market Cap: £373.59m
  • RiskGrade: 236
  • Beta: 2.19

Wood Group rejects new 220p-a-share offer from Sidara

By Frank Prenesti

Date: Friday 24 May 2024

LONDON (ShareCast) - (Sharecast News) - Wood Group said it had rejected a third unsolicited £1.52bn takeover proposal from rival Dubai-based engineering and consulting company Sidara, saying it continued to "significantly undervalue" the group and its prospects.


Sidara upped its latest offer by 3.8% to 220p-a-share on May 21, from 212p a week ago and the 205p initial approach. It has until June 5 to make a firm bid.

All three proposals are higher than Wood's closing share price on May 23 of 180p. The stock was up 3.89% to 187p on Friday.

US private equity firm Apollo Global last year abandoned an attempt to buy Wood, after spending months trying to woo the board. It eventually pulled its 240p-a-share offer not long after Wood agreed to discuss terms.

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 54.00p
Change Today -0.15p
% Change -0.28 %
52 Week High 210.20
52 Week Low 49.84
Volume 6,066,272
Shares Issued 691.84m
Market Cap £373.59m
Beta 2.19
RiskGrade 236

WG. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.16% above the market average81.16% above the market average81.16% above the market average81.16% above the market average81.16% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
89.4% below the market average89.4% below the market average89.4% below the market average89.4% below the market average89.4% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income
55.07% below the market average55.07% below the market average55.07% below the market average55.07% below the market average55.07% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
49.54% below the market average49.54% below the market average49.54% below the market average49.54% below the market average49.54% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 8
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 22-Nov-2024

Time Volume / Share Price
16:25 536 @ 53.47p
16:22 57 @ 53.35p
15:11 28 @ 54.35p
15:01 15 @ 54.75p
16:35 1,240,954 @ 54.00p

WG. Key Personnel

Chair Roy Franklin
CEO Ken Gilmartin
CFO Arvind Balan

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