Member Info for Bigw77

unfortunately the continued radio silence from wood doesn't help, yet again. i do every now anad again go back and re-read the previous business updates. it really is a long list of things that are ****. it also clearly states, none of this has been reviewed by our auditors. so, given that the cfo was discredited, the auditors haven't seen it, there must be a chance that there are some upsides in there? surely?

Barclays has reduced its Short Position and its long position each by circa 0.8%

Nice one cheshire - good spot

They are now at 1.014% and were at 1.034% on 6th march. Its a tiny drop, but a drop. would imagine that shares are bought and sold in order to maintain pension payout costs too. I'm really not tyring to be negative here and as I say, I'm loaded up here, but we do need to try and make sure we're being factual.

Stupmy - no I don't have any additional access. The short positions are published in the 8.3 notifications as they come through - I've been tracking a lot of it. I'm up to my eyeballs on this one so am investing the time

Thanks Bjet - yes I've seen that too - they were at 5.37 worked up to 7.49 but have now reduced back to 6.64. Are things maybe not working in the way they expected them to?

A few thoughts from my research today. There's been talk of the Barclays short position and some dispute on it. Its not published on short tracker or here, because Barclays are in a net long position, however, they have reduced their short position from 5.09% on 27/02 to 4.66% by Friday last. However, there are a couple of things which concern me. Societe Generale has extended their short position to 2.67% from 1.95% on same date range, albeit they have extended their long position too. The other slight worry is as I've mentioned before Abrdn had claimed to know a little about the position of the November drop and then loaded up as a result claiming it was "overdone" - however, they are now exiting, down from 3.8% on 25/02 to 2.32% today, what do they know now??.....

Finally - there's been mention of the 110p GS sale / purchase, I don't see that as good news, and the market doesn't seem to have either. If somebody is exercising a 110p put option, they are clearly expecting the deal to be less than that number when it happens. I'm increasingly thinking that an offer number will get published, but it will be too low for the IIs to accept, they will prefer a longer option of an equity raise and a 2-3 year plan to get back to in excess of 150p.... I'm just hopeful that once it does get published it will influence the SP sufficiently for us to get out without too much pain.

I don;t think its an error. It looks like a put option was being exercised.

I don't often comment, but please please please don't quote the daily fail

Last time Sidara walked away they cited unrest in the middle east, this morning's news in Gaza isn't helpful, any views? Some have said previously that they're departure last year was simply an excuse

Or we'll be at 38.5p in the next 45 minutes.... these little excitements are not good for my blood pressure! :-)

I'm minded to think that we will get a holding statement on refinancing before a bid. Something to the words of ....we've had constructive talks with lenders and whilst they are not concluded all parties are satisfied that a conclusion can be drawn in the not too distant future.

It would be too soon to have concluded a re-finance deal, but soemthing like that would help the SP and therefore have an impact on sale talks too.

You need to read the whole thing, scroll down. It takes us up to now and confirms a modest increase from what they said yesterday. not particualrly well formatted document.

They certainly did - they were at 5.37 pushed up to 6.5 and now at . Thats a significant increase from their original position

I'm keeping a record of the percentage shares of each of the main parties. The only one that concerns me is abrdn. Some of you may recall that Abrd publically said (back in january) - "we spoke with Wood, they explained what was happenign and we tought the drop was overdone, so we loaded up" [sic] - there is a conversation around why they were getting what at face value could appear to be preferential intel, but nevermind that for now. My concern is that they held 3.8%, dropped to 3.63 to 3.5, 3.36 and now 3.23. In the grand scheme of things, its not material, but it does surprise me that they are withdrawing whilst Barclays, Blackrock. JP Morgan et al are increasing and many others holding. Here's hoping we can hold onto that 39p plus position we've got to today!

Ok Death valley, I'll humour you. you've been given reasoned views on why you are wrong, why do you think you are right (beyond a "feeling")???

Blackrock were at 5.37 and added back on the 3rd march

Two different holders moneymad, FMR & FIL. FIL are up from 8.3 to 9.82

I don't believe in "jinxing" things so otherwise wouldn't say this, but we seem to be enjoying some much needed stability today, from about 830am onwards the SP has been nice and stable, I also note that this is the first time in over a month that the SP hasn't dropped below the open price at some point in the day... Certainly sharebel's "it's going to drop at lunch time" prediction hasn't come into fruition, mind you - not sure what time lunch might be on his planet :-)

I didn't say that i thought the Deloitte report was out, however, we do know the highlights, issues with writeoffs and governance. To say the business is bankrupt is frankly ridiculous, a £6.2bn order book with some of the world's richest companies, if Deloitte thought that to be the case, that would already have come out. These opportunities don't come along very often. I suspect a 2nd offer will arrive on the table as soon as any news of Sidara's first offer is released.