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MOL Group and Wood Group Executives Join AspenTech OPTIMIZE™ 2013 Keynote Lineup

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By Business Wirevia The Motley Fool

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MOL Group and Wood Group Executives Join AspenTech OPTIMIZE™ 2013 Keynote Lineup

Dr. Béla Kelemen, SVP, MOL Group Supply Chain Management, and John Kearney, Technical Director, Wood Group to Share Industry Perspectives for Global Process Manufacturing and Engineering Companies

BURLINGTON, Mass.–(BUSINESS WIRE)– Aspen Technology, Inc. (NAS: AZPN) , a leading provider of software and services to the process industries, announced the addition of Dr. Béla Kelemen, Senior Vice President of MOL Group Supply Chain Management (SCM), and John Kearney, Technical Director of Wood Group, to address AspenTech’s global audience at OPTIMIZE 2013. Kelemen and Kearney join Professor George Stephanopoulos of the Massachusetts Institute of Technology (MIT), and AspenTech’s President and CEO Mark Fusco and Executive Vice President, Manolis Kotzabasakis, as headline speakers at OPTIMIZE 2013‘s opening plenary session.

Dr. Kelemen is Senior Vice President of MOL Group Supply Chain Management. Previously, he served as Senior Vice President of MOL Group Refining and Marketing and Vice President of MOL Group Refining. Before joining MOL Group, Kelemen held various senior-level sales and trading roles, including Director of Refinery & Marketing at Slovnaft, where he now serves as a board member.

John Kearney, Technical Director, Wood Group, has more than 30 years of industry experience, holding senior leadership positions in engineering, construction, and operations and maintenance. He has worked with the world’s leading Exploration & Production companies including Shell, BP and ExxonMobil.

Professor George Stephanopoulos is the Arthur D. Little Professor of Chemical Engineering at MIT, and a Principal Investigator in the Process Systems Engineering Lab. He has received numerous honors and awards over the years, and is the author of Intelligent Systems in Process Engineering: Paradigms for Product and Process Design and Chemical Process Control: An Introduction to Theory and Practice.

About the AspenTech OPTIMIZE Conference

AspenTech’s OPTIMIZE is the only conference dedicated to the exchange of engineering, manufacturing, and supply chain best practices for the process industries. OPTIMIZE brings together thought leaders, influencers, and experts from the top process manufacturers and engineering firms worldwide to share insight to reduce costs, improve margins, and increase profit using aspenONE® software.

Featuring nearly 100 real-world cases presented by AspenTech customers, OPTIMIZE 2013 will take place in Boston from May 6-8. Sponsors and media partners include Microsoft, AIChE, Applied Control

From: http://www.dailyfinance.com/2013/04/11/mol-group-and-wood-group-executives-join-aspentech/

Business, Finance, Occupation & Industry

Should You Buy These 5 FTSE 100 Shares?

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By Royston Wild, The Motley Fool

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LONDON — I have recently been evaluating the investment cases for a multitude of FTSE 100 companies.

Although Britain‘s foremost share index has risen 9.1% so far in 2013, I believe many London-listed stocks still have much further to run, while conversely others look overdue for a correction. So how do the following five stocks weigh up?

Wood Group
I believe that oil equipment services firm Wood Group  represents great growth potential at a reasonable price.

The firm’s 2012 results released yesterday showed pre-tax profits leap 43% to $363 million, driven by underlying revenues increasing 20% to $6.8 billion.

Wood Group expects all of its divisions to make headway in 2013, adding that conditions in the global energy markets are likely to remain favorable. Exploration and development spend rose 9% last year, and the company reckons that its prospects should remain solid over the long term.

City analysts forecast earnings per share to rise 31% this year. Earnings are then forecast to jump an additional 16% in 2014. This stellar profit growth is set to deliver ever-improving investor value, with a P/E ratio of 12.1 in 2013 projected to fall to 10.5 next year.

Wood Group‘s relative cheapness is underlined by a lowly price/earnings to growth (PEG) multiple, which is expected to come in at 0.4 and 0.7 in this year and next. A reading below 1 often represents excellent value.

CRH
I reckon that CRH  is chronically overvalued at current levels. The construction specialist’s shares have rallied to fresh highs above 1,500 pence in recent days, despite the precarious state of the European and North American building markets.

The group’s 2012 results released last month showed pre-tax profit dip 5% to 674 million euros due to enduring difficulties within the firm’s core Western markets. Revenues crawled just 3% higher to 18.7 billion euros.

City analysts predict a 60% earnings per share slide in 2013, before a 35% bounceback in 2014. This leaves CRH on P/E ratios of 20.5 and 15.2 for this year and next, which I consider nosebleed territory given the downside risks, particularly as the bombed-out markets of Europe continue to struggle.

The company is expected to offer a dividend yield of 3.8% and 3.9% for 2013 and 2014, respectively, above the FTSE 100 average of 3.5%. However, the potential for formidable earnings pressure could jeopardize any shareholder payouts, particularly with miserly coverage of 1.3 and 1.7 predicted for this year and next.

Randgold Resources
I expect shares in Randgold Resources  to head north as a combination of surging production levels over the medium term and ascending precious metals prices pushes earnings higher.

The company churned out 794,844 ounces of gold last year, up 14% from 2011 levels. This helped deliver record profits of $511 million, a 16% increase.

And Randgold is aiming to significantly increase output at its other assets to build future growth, particularly at its Kibali project in the Democratic Republic of Congo, which is due to start production in the fourth quarter. The miner hopes to …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

John Wood Group Powers Forward

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By Stuart Watson, The Motley Fool

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LONDON — John Wood Group saw its shares rise 7.2% to 812 pence this morning following a well-received set of results.

Wood Group is an engineering business focused on the energy sector, and it is still seeing activity bounce back a little from the financial crisis. Its sales rose by 20% to $6.8 billion in 2012, but underlying profit growth was much higher at 43%.

All three of the company’s divisions saw growth last year, but the largest increase came from Wood Group Engineering, which provides services to the upstream, subsea and pipelines, downstream and industrial, and clean-energy sectors. This division’s profit margins are twice those of the other two parts of the business, so this helped Wood Group‘s overall profit margin rise from 6% to 6.8%.

The annual dividend was raised by 26% to $0.17 per share, though Wood Group currently pays less than a quarter of its profit out to shareholders. Net debt rose from $4 million last year to $155 million, mostly due to spending on acquisitions.

Wood Group has reshuffled its management team in the past year, with Sir Ian Wood departing as chairman and the previous CEO, Allister Langlands, taking his place. The current CEO, Bob Keiller, was previously head of Wood Group‘s PSN division.

This company is certainly benefiting from industry tailwinds at the moment. It reckons global spending on oil exploration and production rose 9% last year, and a further 7% increase is expected in 2013. Shale gas production in the U.S. is a key driver, as is the increased complexity of finding and developing new oil fields.

Looking ahead, Wood Group is valued at about 13 times forecast profit for this year, although these figures may be revised after these latest results. At 3 billion pounds, Wood Group is one of the smaller companies in the FTSE 100 right now, but it looks set to progress in the years ahead.

If you’re looking for more growth share ideas, then we have a special free report you can download right now. In it, we identify one of our favorite growth stories of 2013. We also have another free report looking at the many opportunities in the oil and gas sector. Don’t miss “How To Unearth Great Oil and Gas Shares.”

The article John Wood Group Powers Forward originally appeared on Fool.com.

Stuart does not own shares in Wood Group.
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Source: FULL ARTICLE at DailyFinance