OPINION
Worley Ltd (WOR) $14.00
WOR +11.02%: soared today as the market looked through the FY25 numbers to the years ahead. The company is targeting higher revenue growth in FY26 than in FY25. WOR also intends to focus on costs, with AI and technology enabling it to adopt a sharper focus on overheads. Read moreWorley Ltd $12.99
WOR was the only MM Active Growth Portfolio stock to retreat on Tuesday. Overall, this was good news, but we must ask ourselves why. We believe the problem lies with overseas peer Fluor Corp (FLR US), which delivered a disappointing second-quarter result last week which fell well short of expectations, sending the stock tumbling over 30%. Read moreWorley Ltd (WOR) $13.08
We thought WOR was back on track in February when it delivered a very solid 1H result plus a supportive $500mn buyback, but that has not transpired with the stock retreating 30% after its initial rally. Read moreWorley (WOR) $15.46
WOR +10.27%: Good 1H25 result from Worley today with the key being an expansion in margins and a significant $US500m on market share buy-back. Read moreWorley Ltd (WOR) $14.73
Worley (WOR) is only up +4.4% year-to-date after posting an 11-week high on Wednesday, but it has bounced over 12% from its late December low. Read moreWorley Ltd (WOR) $13.45
In April, Worley’s largest shareholder, Dubai-based infrastructure group Sidara (née Dar Group), locked in $14.35 a share for its sale of a 19% stake, a 12% discount to its last trade at the time. The sell-down showed Sidara had abandoned hopes of acquiring Worley or striking a broader strategic relationship with it seven years after starting to build a stake. In this case, two tailwinds were removed for WOR: Read moreActive Growth Portfolio – Amendments
We are making two changes to the Active Growth Portfolio. Read more
