John Wood Group Plans To Raise Share Incentives For CEO And CFO

May 08, 2019 10:30 PM BST | By Team Kalkine Media
 John Wood Group Plans To Raise Share Incentives For CEO And CFO

John Wood Group PLC (WG) is an Aberdeen, Scotland-based energy services’ group. The company is focused on engineering, drilling services, and oilfield logistics & supplies. The group provides comprehensive services to support its customers throughout the asset life cycle, from concept to decommissioning, through specialist consultancy services, project-based delivery or long-term contracts. The company targets a broad range of industrial markets, including a range of energy, process and utility markets, and combines its global experience, innovative ideas and solutions, and a flexible approach to serve its customers efficiently. The group's operations are differentiated in five operating segments: Asset Solutions EAAA (Europe, Africa, Asia, Australia), Assets Solutions Americas, Investment Services, E&IS (Environment and Infrastructure Solutions) and STS (Specialist Technical Solutions).

Ian D. Marchant is the Chairman of the Board; he was appointed to the position in 2014. He has previously held various management positions as Chief Executive and Chairman in other companies. Robin Watson was appointed as the Group Chief Executive in January 2016. David Kemp is the Chief financial officer.

The company’s reported revenue (excluding JV) surged from $5,394m in 2017 to $10,014m in 2018, supported by favourable conditions in the full range of energy and industrial end markets. Adjusted diluted EPS rose by 7.7% to 57.4c. The board proposed a final dividend of 23.7c, representing an increase of 2% from the last year data.

For the period from 2019 to 2021, the FTSE 250 listed company (John Wood) had awarded 496,466 shares to senior management in April. From this, the CEO will get 329,513 shares, worth around £1.5 million which was triple from his annual base salary. The CFO will get 166,953 shares, worth around £776 thousand value which was two times from his annual base salary.

The company said that it would stand by the principles to ensure the company motivate and incentivise senior management in the long-term to deliver the strategic business plan.

 Daily Chart as at May-08-19, before the market closed (Source: Thomson Reuters)

On May 08, 2019, at the time of writing (before the market closed, at 9:00 am GMT), WG shares were trading at GBX 450.70, up by 2.9 per cent against its previous day closing price. Stock's 52 weeks High and Low is GBX 801.20/GBX 437.50. At the time of writing, the share was trading 43.75 per cent lower than the 52w High and 3.02 per cent higher than the 52w low. Stock's average traded volume for 5 days was 2,430,896.40; 30 days – 2,477,054.27 and 90 days – 2,688,563.14. The average traded volume for 5 days was down by 1.86 per cent as compared to 30 days average traded volume. The company's stock beta was 0.74, reflecting less volatility as compared to the benchmark index. The outstanding market capitalisation was around £2.99 billion with a dividend yield of 6.17 per cent.

During 2018, the company reported good trading momentum and cost synergy delivery. The company is making good progress on non-core asset disposal programme, helping it to focus on core business activities and improve efficiency.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next