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.
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$12.98 |
Change
-0.040(0.31%) |
Mkt cap ! $6.729B | |||
| Open | High | Low | Value | Volume |
| $13.10 | $13.13 | $12.97 | $3.778M | 289.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 3029 | $12.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.99 | 4413 | 31 |
View Market Depth
| Last trade - 12.44pm 13/08/2025 (20 minute delay) ? |
| WOR (ASX) Chart |