Member Info for BeardedDragon

I gave you my answer so now it's your turn. My guess is that you were just being bullish without supporting evidence.

I didn't see your response as there is no notification system. Anyway, the British company I worked for in the UAE was always getting ripped off by Emirati run companies, which rarely paid their invoices on time if at all. It's just my personal opinion from the UAE experience I endured. So, James, I agree that WG should reject any low ball offer but many on here need convincing that refinancing would prove successful.

But Sidara is based in the UAE not the KSA, so not really sure of the relevence.

James, I know several posters who might challenge this statement of yours...

"Wood refinance will be extended and ultimately successful and under commercially favourable terms - the reasons are many."

Would you be kind enough to elaborate for those of us who have not read through the accounts in detail, thanks.

Meant to say 100p.

So according to HfH, whose sister/mother presumably works as a nurse, "...they probably need to sort additional finance in the next 4-6 weeks." So another fund raising, this time at 1p perhaps? Not very encouraging news.

Personally I am looking for much more than 147p Ell. If it means waiting six months, so be it.

Interactive Investor reports that Isa investors who prefer to make their own choices are going for BAE Systems and Rolls Royce to benefit from higher increased defence spending and BP, in the belief that the energy titan will turn around or be taken over. Another favourite is the North Sea oil services engineer John Wood which is, once more, in bid talks with the UAE-based Sidara.

Just found this Daily Mail article from a few weeks back in which Wood Group receives a buy recommendation...sorry if already posted...better late than never;

https://www.thisismoney.co.uk/money/investing/article-14500417/How-you-safeguard-shares-BEST-BRITISH.html

It seems that 510p was the bottom and now it's soaring past 540p towards a more realistic value by the Easter weekend.

PJ is really getting on my nerves with his ramping posts every 10 minutes and NO it is NOT TAKING OFF and won't do so until the offer is on the table. More likely in the current economic climate that Sidara will play a waiting game. I am in it for the long term so comfortable with that, looking for over 200p rather than a quick fire sale.

Seemed too cheap to miss at 125p so hoping that it has been a typical SP over-reaction.

If Sidara were reluctant to pursue their original offer because of geopolitical uncertainty back then, surely the current global market meltdown dictates a similar approach. However, in the words of Icecool and his nemesis Shaml89, that may not be such a bad idea. Indeed, Shaml89 posted earlier today that after refinancing of the company ..."From there on it will be a turn around play. Many companies have done it during covid and some of them went on to reward their shareholders handsomely. Rolls Royce was one of them companies." In other words, it would be better for shareholders for a low bid from Sidara to fail and let Wood Group rise from the ashes, hopefully reaching 300p+ by this time next year.

WG. may be worth a flutter at under 25p given that it's currently in merger talks and the same buyers offered 230p last year.

Did anyone here manage to sell when it briefly peaked at 725p? I tried but only got 665p.

What about tomorrow? One day at a time.

Which Boom are you talking about?

Just added for 24.0p which is much lower than I expected.

There was a rumour on Wall Street that Trump might pause tariffs for 90 days, hence the sudden boom. Sadly, it has now been called Fake News and back down we go.

Clearly oversold, so I have bought heavily this morning. Looking for the SP to retrace above 350p this week.