batteryman15
07 Jun 2017
Re: Wood Group take-over... Is the Amec Foster Wheeler share price meant to track the Wood Group share price with a ratio of 0.75?Seems like there is a lot of confusion in Amec Foster Wheeler at the moment regarding which parts of the business are not being sold to the Wood Group???? I thought is was all of it - lock stock and barrel - but apparently not? Maybe that's why the share price keeps changing if bits are being taken out of the sale.
Kenj2
12 Apr 2017
Re: Wood Group take-over... "can someone please explain why the share price is not stable at around 564p which was the takeover price? Or at least 75% of the Wood Group price (724 * 0.75 = 543p at the time of writing)? "Crossman1, a reason for this price disparity became evident to me yesterday when I took a look at Wood Groups details. Wood Group are paying a 22.5 US cents dividend to anyone holding shares on 6th April. Currently that is 18.2p, so WG shares should trade at 18p above your calculated value until the shares went ex divi on the 6th April.However, that 18p margin has now passed, but today's calculations are even more out of sync.Wood Group = 828.5p so AMFW should be (828.5 * 0.75 = 621.4p)Today's AMFW closing price = 584p
Crossman1
12 Apr 2017
Re: Wood Group take-over... Looks like it was a good call...I had bought some more at 555 when it slipped, now wish I'd gone further and bought when it went sub 520 too!Not sure how far it will go but WG just upgraded by Numis to 929...0.75 of that is 696. Currently 820...0.75 is 615, so maybe it should break 600 at some point?
Kenj2
21 Mar 2017
Re: Wood Group take-over... Crossman1, I too noticed the disparity between WG and AMFW' share prices at the weekend. AMFW shares had shot up by over £1 when the agreed take over was announced. Then dropped back to less than 10p above the sp prior to the offer.Bearing in mind that both companies had announced contract wins since the TO announcement, they both looked like a good buy. However, as AMFW's sp was a good bit below 75% of WG I have bought into AMFW again. That way when the TO goes ahead, I will get more WG shares for my money.
foolish learner
21 Mar 2017
you have to wonder Go back to January 2014 and what was then AMEC were so awash with cash a special dividend looked likelyNo chance they bought the FW and on the slide since (ok oil took a dive but others survived) Not looked at who was/ now are directors but i bet there gains are directly proportional to my lossesThe fact that AMFW is lower propotional to the prices when the news broke is odd, but perhaps a lot of PI are selling because they don't fancy Wood and there small dividend
Wilf Lentil
20 Mar 2017
Re: Wood Group take-over... The takeover price was a fixed actual price it simply equated to that price at the time. However at some point your AMFW stake will be value at 0.75 x Wood which would now approx 550 so an almost 10% upside. I couldn't work it out so bought more AMFW (@ 510). It maybe off at the moment due to any uncertainties with the deal. Presumably it should creep nearer 0.75xWood as the merger nears.
Crossman1
20 Mar 2017
Re: Wood Group take-over... Apologies in advance for being a bit stupid, but can someone please explain why the share price is not stable at around 564p which was the takeover price? Or at least 75% of the Wood Group price (724 * 0.75 = 543p at the time of writing)?
Lupo di mare
13 Mar 2017
Re: Wood Group take-over... Whoops, just found this comment that I posted last October:-"The only thing that really bugged me was:-"We have not yet concluded our thinking on the right mix of investment and funding options which in aggregate will lead to an appropriate balance sheet and create a strong ongoing business."What are they saying? Never confuse investors. It could even be construed as saying that we'll do a placing!Still holding some after my April sale."
Lupo di mare
13 Mar 2017
Re: Wood Group take-over... Ah, yes, a "no brainer" that there'd be a rights issue and no divi, mentioned time and time again on this board.Btw, a "no brainer" doesn't sit comfortably with "would almost certainly have gone down that route".
Alan Tittymarsh
13 Mar 2017
Re: Wood Group take-over... I don't recall any particular company announcing a rights issue in advance. I'm not sure there's even any legal requirement to do that. But it was a no-brainer that AMFW would almost certainly have gone down that route having failed to rein in their massive debt problem. It was only 2 years ago that they announced it was a priority to reduce their debt and install a plan to do that, but it never transpired.
Lupo di mare
13 Mar 2017
Re: Wood Group take-over... So AMFW now tell us that they were planning to ditch the Final and have a rights issue; so everything's hunky dory now - yes?I don't recall hearing them warn us of that.
San Jaime
13 Mar 2017
Re: Wood Group take-over... Wood Group shares up too.. A good day for both holders.-----The takeover comes after several years of pressure on the profits of service providers in the energy industry as the slide in oil prices forced their clients rein in spending and defer large projects. merging, these engineering companies are aiming to cut costs, extend the scope of their business and become more competitive. Among recent deals, General Electric Co. agreed in October to merge its oilfield-services arm with Baker Hughes Inc.-----[link]
dazedandconfused
13 Mar 2017
Re: Wood Group take-over... Soon breached my ficer target... unfortunately would need to be Eight quid to get my shareholding back in blue...
San Jaime
13 Mar 2017
Wood Group take-over... Looks like a done deal - have a few of these in the bottom draw from the oil price crash waiting for a recovery. After today now a blue line in the portfolio.-----Shares in Amec Foster Wheeler surged on Monday as it agreed the terms of an all-share offer from oilfield services company Wood Group that values the engineer at around £2.2bn.Under the terms of the deal, Amec shareholders will receive 0.75 new Wood Group shares for each of their shares.-----Glad I held on even though not performing.
dazedandconfused
10 Mar 2017
Re: Telegraph- Questor heading for that elusive £5 mark again...like in January!
