wglThe CFO of John Wood Group plc (WG. , 185p), Alan Semple, yesterday bought 50,000 shares at 166p, taking his holding to 1.164m shares.

Whilst this of itself is not significant, there are a few factors which continue to support a positive view on John Wood :

  1. Semple sold 92,000 shares in April this year at 453p. This is his first transaction since then.
  2. Sir Ian Wood, Chairman, also invested in John Wood last week, buying 500,000 shares at 164p on December 5th, taking his holding to 31.1m beneficial and 60m non beneficial.
  3. Six other directors have bought shares, in October. In total 8 directors have bought 1.296m shares in the last six weeks, investing over GBP 2m between them.
  4. The ‘Full year trading update’ is to be announced on the 17th of December.

Our last comment on John Wood Group was on October 28th at 179p ‘Four directors have invested over GBP 1m in the last week’. Within a week John Wood shares were trading 100p higher, helped by a big bear market rally.

I expect a positive, reassuring statement next week.

Positive view, encouraged by a STRONG signal.

Sources: Company website, London Stock Exchange, Digitallook