WOR is one of the biggest firms of engineering consultants on the globe. Their prime focus/expertise is design and construction of huge projects related to energy (oil&gas) and resources eg metals and minerals. A few yrs ago their SP touched $50. But as projects became less and competition grew the SP slid.
Then 11 months ago POO started a sharp fall culminating in WTI crude going below $50! Almost nobody saw that coming. Since Feb WTI has risen to $64 and Brent even higher. But damage has been done and numerous projects have been postponed/cancelled etc. Over past few months WOR has issued two downgrades and intend to focus more on management/maintenance of sites rather than construction. Large redundancy costs have hurt their bottom line.
Now WTI has slumped again and sitting at around $56.50 mark. No new oil&gas projects are being built. Hence, no light at end of tunnel for WOR and other consulting engineers. Expect final div to be cut sharply and a poor outlook statement in the yr end result mid August. Avoid until macro improves.
- Forums
- ASX - By Stock
- WOR
- Slump in oil price hits WOR
Slump in oil price hits WOR
-
- There are more pages in this discussion • 113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WOR (ASX) to my watchlist
|
|||||
Last
$15.19 |
Change
0.140(0.93%) |
Mkt cap ! $8.013B |
Open | High | Low | Value | Volume |
$15.18 | $15.37 | $15.14 | $17.31M | 1.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24561 | $15.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.24 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 240 | 15.940 |
1 | 85 | 15.750 |
1 | 107 | 15.500 |
1 | 1777 | 15.300 |
3 | 1458 | 15.130 |
Price($) | Vol. | No. |
---|---|---|
14.440 | 607 | 1 |
15.300 | 4955 | 4 |
15.380 | 65 | 1 |
15.390 | 1000 | 1 |
15.400 | 12789 | 2 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
Featured News
WOR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online