The Motley Fool

Today’s Falling Knife: John Wood Group PLC Plunges 10%

Shares in Wood Group (LSE: WG) fell 10% in early trade this morning, following weaker-than-expected half-time results from the six months ending 30 June 2013.

Investors were disappointed in the oil and gas services company’s announcement that its business in Western Canada, which represents just over 5% of divisional revenue, has weakened further. Wood Group does not expect this business to recover during 2014, prompting the dive in share price.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

Elsewhere, the firm saw growth in EBITA of 18.6% in the first half, and anticipates full-year performance in line with expectations. Profit before tax and exceptional items rose 16.6%, to $186.6m from $160m at H1 2012.

Shareholders saw a sizeable increase in the interim dividend, which lifted by 24.6% to 7.1 cents from 5.7 cents for the first of 2012, following a 19% jump in adjusted earnings per share to 44.5 cents.

Chief executive officer Bob Keiller commented:

“We have achieved good growth in the first half and remain confident of achieving full year performance in line with expectations. In March, I talked about our focus on increasing collaboration across Wood Group; this is progressing well and we have already seen new business opportunities driven by people working more closely together. Activity levels generally remain healthy and we believe the Group is well positioned for future growth.”

Today’s fallback looks likely to intrigue some contrarian investors, with the shares having broken the 900p barrier last week. Whether you think these are just short-term worries for the engineering group that are outweighed by its long-term potential, though, is up to you, of course.

But if you are looking for alternative investment opportunities, this exclusive wealth report reviews five particularly attractive possibilities in the FTSE 100.

Indeed, all five opportunities offer a mix of robust prospects, illustrious histories and dependable dividends, and have just been declared by the Fool as 5 Shares You Can Retire On! Just click here for the exclusive report — it’s completely free.

> Sam does not own shares in Wood Group.

“This Stock Could Be Like Buying Amazon in 1997”

I'm sure you'll agree that's quite the statement from Motley Fool Co-Founder Tom Gardner.

But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.

What's more, we firmly believe there's still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.

And right now, we're giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.

Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!

Our 6 'Best Buys Now' Shares

The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee.

Simply enter your email address below to discover how you can take advantage of this.

I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.