Member Info for Aucuba

I really would like to get onboard with the confidence everyone has in this one but I’m struggling. This is at a lower level than before the Sidara approach and dropping almost every day. Even allowing for the market moves which we have seen this is not good. I also have little confidence in the promises from the Board that there is more value than what is being offered by Apollo and Sidara. They have been saying that for years and of course will continue to say that but the value is what the market will pay and that’s pretty desperate at the moment. See no real reason for this to go north of 180p in the short to medium term - well short of both bids!!!

Steve077

Interested in why you think the Board “rejected” an offer. Surely we don’t know that for sure - it may be Sidara didn’t like what they saw during DD and decided not to proceed.

Jefferies raises John Wood Group price target to 230 (210) pence - 'buy'

I love the enthusiasm on this board. This share is now at levels not seen since October 2022.

Unless Wood can pull themselves out and finally deliver then they are going to continue to attract the Apollo and Sidara's of the world. I also think the reason for Sidara not making an offer is smoke and mirrors. The statement is really weird in my opinion.

Happy

Liked your sentiment but it's another down day on the back of the extension. rally struggling to get my head around this - Sandara have had more than enough time to do their due diligence so there is something else causing making Wood agree to the extension here. Wood really should not agree to a further extension beyond the 9th but they way this has played out up to now another agreement to extend would not surprise.

Happy

Far too early to tell if the price is steady.

I'm leaning for a no deal. Clock will run down and we will get the "value of company not recognised in etc offer" or some other like statement

I don't think the investors wishes matter. Sidara are in the driving seat here - they "put up or shut up". Someone more versed in these things than me will I am sure chip in but the price movement over the last few days and with the deadline less than 48 hours away suggest to me they will shut up.

The silence is deafening!!!!

I'm leaning towards a no deal!!

Gruyere

That's always MaryBr's way - cover all the options.

I don't see what the update has to do with an agreement being made to sell or not. DD is being done - Sidara know what's in that as its part of the negotiation.

Can someone with a lot more knowledge than me explain why the sp tanks on the announcement of an extension to DD?

It feels like there is a game on here and only the big boys are invited to take part!!

Happy

I agree it's a longer extension than I also anticipated but don't think the release of the half year results has anything to do with the extension. Surely Sidara has access to anything material in that from their DD exercise. I think the 31st July is just to make sure an announcement is made without the need for further extensions. A decision will be made well before then in my opinion

IMHO so DYOD

"If the deal had been rejected a RNS would have been issued before 7am." - I don't understand the rationale behind that statement

Wood may want to extend the discussions - Trading update on the 11th. On the other hand Sidara have that information already through their DD. Bottom line - none of us know so its just a waiting game until both parties decide they want to release information.

No RNS = nothing to say!!!. The deadline is 5pm

Happy

I appreciate your "optimism" on a deal being done but I just can't see it. Here we are on the 1st July, stare price is falling and is around 10% below the considered offer of 230p. Must admit to not fully following or understanding the tranche of RNS but surely if the market was confident of a deal the buy volume should be higher and the share price should be nudging towards the 230p

I'm still slightly leaning to a no deal or extension to Wednesday's deadline

Lochnagary

I'm of the opinion they are struggling to get a deal. The market seems to be leaning that way as well with the number of shorts and selling taking place. Wood have secured some nice contracts over the last month or so but as I say I'm leaning slightly to the no deal scenario. It will be interesting if there is an extension to the deadline which is on the 3rd I believe

Hodgy

I think we can all do the calculation between where the price is now and 230p upside but the downside is potentially a lot more than the upside. I'm not confident of a deal - too much selling going on for my liking

It's only people's opinions - and mine is the deal is not done until both parties say it's done.

I suspect they are selling because they know something we don't. Definitely doesn't feel as if the market thinks the deal is going to go to completion and not so sure another bidder will appear

Don't see what has changed to make Apollo come back into play although the general market may be better for them now. Depends what made then walk away last time I suppose

Buyer

You really do post some weird comments . What part of the company are Sidara not offering to buy?