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A few thoughts on Wood Group and then onto Greggs (and its vegan offerings)

By Chris Bailey | Tuesday 7 March 2023

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.

What is going to happen next at Wood Group (WG.)? I read this morning that bidder “Apollo submitted a fourth proposal for a cash 237p per share”. And what has the company’s board concluded?; “this Latest Proposal continues to undervalue the Group and is therefore minded to reject”, but it will “continue to engage...on a limited basis, with Apollo". All heating up there! My thought (hope) has always been for a return to a 250p share price and I keep on holding akin to my comments a couple of weeks ago here. It's all interesting stuff, but let’s also talk about today’s numbers from Greggs (GRG).

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