27/08/2025 18:13

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.

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06/08/2025 09:31

Worley 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%.

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03/07/2025 09:23

Worley 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.

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26/02/2025 17:51

Worley (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.  

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23/01/2025 09:47

Worley 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.

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06/12/2024 09:09

Worley 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:

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02/09/2024 09:57

Active Growth Portfolio – Amendments

We are making two changes to the Active Growth Portfolio.

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27/08/2024 17:35

Worley (WOR) $14.48

WOR +2.77%: FY24 results today were a mixed bag, with topline revenue a slight miss, though underlying profit was a beat, guidance was solid, and the stock had been weak leading into the announcement.

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27/06/2024 10:07

Worley Ltd (WOR) $14.71

WOR held its annual investor day in May, and we liked what we heard as it unveiled its growth strategy, focusing on the building blocks to deliver medium-term earnings growth predicated on higher margins. We continue to like WOR, believing it offers significant earnings leverage for a potential massive increase in global energy investment and decarbonisation projects.

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01/05/2024 09:23

Worley Ltd (WOR) $15.09

Tuesday saw engineering company  WOR endure its worst session in 3-years after its largest shareholder, Dubai-based infrastructure group Sidara, sold a 19% stake at $14.35; it was encouraging to see the stock close over 5% above the placement price. We believe seeing its long-time agitator largely removed from its share register will come as a relief to WOR’s board, which can now focus on what it believes is best for the company – remember Sidara's (DAR Group) bid for WOR in 2016 before creeping up the register over the ensuing years, a move which Worley’s Board unanimously opposed. Dar subsequently withdrew its FIRB application to acquire more WOR shares, and it has clearly now (mostly) left the building.

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