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Should I take my (small) profits on Wood Group and run?

By Chris Bailey | Tuesday 16 March 2021


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.


You are always learning with the investment world. Take Wood Group (WG.), which describes itself as ‘one of the world’s leading consulting and engineering companies operating across Energy and the Built Environment’. Back in August 2019 HERE I rambled on about how I could see the share at five or six quid but – due mainly to the impact of the Covid-19 crisis – the stock instead more than halved to below 150p. Fortunately I spotted an opportunity after publishing some thoughts back in August last year HERE and a week or so later I more than doubled my position at about a 200p share price. The net result is that I am now siting on a small profit. So do I move on or stay excited?

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