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Currys is not AO World (thankfully) and what will Wood Group’s new CEO say?

By Chris Bailey | Thursday 7 July 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Back in January I wrote that “if you see Currys (CURY) shares at or below 100p…then buy them!”. A month or so later I did buy a few at about a 90p level. Naturally that has not worked despite the company being a thousand times better than AO World (AO.), something I am sure all you long/short investors would have observed. Still - on the former - it was good to see today’s full year numbers observing “a stronger Currys, doing more to help customers”, along with profit, free cash flow and negligible debt (in complete contrast to AO World naturally). However, naturally also, prospects for the year to April 2023 are somewhat lower than the year being reported on.

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