Member Info for BacchusII

Wood won’t be showing the door and a low ball offer is likely of 65 pence.

Petrofac also were still hiring many people and had a large order book. They also sold parts of their business to pay off debt. NO BID materialised and the shares dropped. I don’t quite believe Wood are that bad but the BoD have been dishonest, disappointing, disastrous and PIs are definitely now desperate for a DEAL!

This was the constant Ramping by some on the BB who get Recommended by 🐑 sheep. You know who you are.

Expect 55 - 65 pence maximum.

Now let the RampingClan lose you your life savings if there is no offer but you won’t get over £1 period. This is still a bit of a gamble even though the RNS had details that were to be expected from previous notification.

….you were all warned about excessive Ramping of Wood value!

You only have one person to blame.

Wow…”is there a leak on price!”

Yeah must be, the SP has rocketed up to your 140 pence target. Oh, no it’s up 2.25 pence at 38.75 pence…wow!

…with constant Ramping of “last offer was £2.30 will be close”, “Sidara playing games”, “won’t offer less than £1.40-£160”, etc.

They may walk. There are no other suitors willing to risk buying. They will not offer above £1 period. Best bid will be 85 pence IF the Deloitte report comes out not as bad as market expectations.

Ice it is you who is on a different planet probably on Uranus known as an ice giant but not in your case.

Quick rerate, 140-160 pence, lol 😂 SP has been bouncing around 140 pence since 2022 and with all the bad news never going to get a quick rerate!

“A far lower price” than £2.30 final offer.

So, those Rampers advocating above £1 start and especially £2 please stop encouraging new PIs to throw all their cash into what is not a done deal. I believe it’s likely but nothing is certain especially as no offer has been made yet. I reckon 70% more likely if an extension is agreed.

How many times, NO CHANCE of anything close to £2

1. Extension up 10%

2. Deal between 75-85 pence

3. No Deal down into 20’s range again

…oh, yes selling parts of the company which in itself leads to less revenue and cash flow, i.e. selling parts will make the holistic entity less valuable!

A summary that is wholly one sided Ramping without acknowledging WHY the shares were traded down to a mere 22pence from over £2 a share and now stand at 44pence.

Debt, write downs, CFO CV blunder, negative cash flow, loss of confidence in BoD due to their complete incompetence.

And the resumption of war in Gaza. No deal possible for same reasons as last time.

News of no bid 22 - 24 pence

“Trolls, all good shares have them.”

Concerns about financial and governance culture, substantial debts, CFO Arvind Balan resigned after admitting to making a false claim about his accountant qualification plus an 80% fall in share price.

I would hate to invest in one of your poorly managed companies….oh you are…Wood Group!

Hence why we get Uncrossing Trades (UT) 👏

Multiples of current SP - over £2.

Absolutely no chance. Likely 75 - 85 pence.

RNS today or next week.

Well more than likely as they only have till Monday 24th March. So, you are only missing one working day. Congratulations.

If a bid price is recommended and agreed, you won’t get a choice as a small PI and it will NOT be any where close to £3. To expect Sidara to pay more than their previous offer is complete lunacy.

“Wood isn’t distressed.”

What Wood you call a 80% drop in share value 🤔 in 6 months - successful, masterful, innovative or soothing.

Or are you merely confused, angry, perturbed or frustrated 😣

The decision is for the Board to recommend or not. Their decision will be influenced by major shareholders and what shareholding’s the board have does not or should not be a factor in what is best for the company and shareholders. Even if some shareholders are not happy about it and suffer a financial loss.