Wood Group Plc  (LSE:WG.)

Sorry. Accidentally over-wrote this.   In a bit of a showstopper analysis, back in 2023 we provided a report on Wood Group which proposed criteria where the share price could sink to an eventual “ridiculous 37p!“. At the time, the share price was trading above 2 quid, our analysis revolving around chatroom and headline clickbait articles which pretended Wood Group share price was cheap. Our point, basically, was to illustrate there is no such thing as a “cheap” share, because in March 2023 we could identify 38p as an ultimate bottom, a share price target below anything we can calculate.

Obviously, nearly two years later, times have changed and, despite Wood Group tanking, the big discussion now relates once again to Wood being cheap as it’s apparently safe to regard it as at bottom and thus, unlikely to drop further. Amazingly, there’s a chance they may even be right! When we review share price movements since March 2023, it now appears “ultimate bottom” is at 20p. By reaching 21p the other day, there’s a reasonable probability this shall be deemed close enough to bottom, ideally capable of generating a bounce anytime now. While movements this year currently indicate a price target below 20p is available, we’re far from comfortable proposing 11p as the new ultimate bottom.

 

If any bounce makes an effort to appear viable, movement above 40p has the potential to becoming interesting, calculating with a rising hope of a visit to an initial 59p with our secondary, if beaten, working out at 81p. This Big Picture secondary is quite a big deal, dumping the share price in a zone where a future 123p can be viewed as viable eventually.

Certainly, it’s interesting times for this oil and gas engineering monster with the next few weeks capable of showing direction.

 

 

FUTURES

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:02:45PM	BRENT	7560.2	7470	7435	7391	7523	7586	7647	7733	7548	‘cess
10:12:25PM	GOLD	2934.69	2907	2898	2885	2919	2938	2944	2966	2908
10:15:38PM	FTSE	8761.2	8758	8748	8734	8780	8790	8796	8827	8770
10:19:32PM	STOX50	5530.6	5507	5494	5477	5527	5545	5597	5731	5510
10:23:21PM	GERMANY	22858.2	22716	22674	22604	22798	22885	22932	23004	22840
10:31:25PM	US500	6126.1	6100	6086	6068	6125	6140	6151	6204	6110
10:35:16PM	DOW	44542.7	44315	44296	44139	44472	44577	44668	44786	44491	Success
10:38:19PM	NASDAQ	22145.2	22025	21970	21880	22137	22241	22340	22444	22131	Success
10:41:14PM	JAPAN	39330	39130	38996	38823	39251	39515	39745	40236	39294	‘cess

 

18/02/2025 FTSE Closed at 8766 points. Change of -0.02%. Total value traded through LSE was: £ 4,781,200,025 a change of -0.7%

17/02/2025 FTSE Closed at 8768 points. Change of 0.41%. Total value traded through LSE was: £ 4,815,003,376 a change of -19.37%

14/02/2025 FTSE Closed at 8732 points. Change of -0.37%. Total value traded through LSE was: £ 5,971,374,028 a change of -3.83%

13/02/2025 FTSE Closed at 8764 points. Change of -0.49%. Total value traded through LSE was: £ 6,209,371,407 a change of -0.52%

12/02/2025 FTSE Closed at 8807 points. Change of 0.34%. Total value traded through LSE was: £ 6,241,531,008 a change of 5.5%

11/02/2025 FTSE Closed at 8777 points. Change of 0.11%. Total value traded through LSE was: £ 5,916,306,035 a change of -5.17%

10/02/2025 FTSE Closed at 8767 points. Change of 0.77%. Total value traded through LSE was: £ 6,238,714,385 a change of -19.63%