Member Info for Bigw77

i can't help thinking that there would be quite a lot of internal battles going on between the ceo and the (new) cfo. the ceo clearly didn't want to sell last year, and i would imagine that would remain the case. the cfo, new to their role, doesn't have to take the blame for things which have gone on in the past. he can walk in, see what a **** show it is and say “actually, the best thing here is to get the best offer from a new owner”. to do that, you'd want to

1 - quickly prove that financing would be available (he's got tonnes of experience in that regard) and therefore give confidence in longevity of the fundamentals

2 - show the good points from the deloitte report (there are bound to be good points, even if its 9 bad points for every good 1)

3 - show that the turn around could happen with a new broom, and move on from there.

one of the things about sidara is that they don't integrate their brands, incidentally my view is that is a mistake, however, it does leave a significant leadership opening for wood leadership in the future. i could see the new cfo becoming the next ceo of a sidara owned wood. gilmartin gets the heave ho and sidara acquire the bones of a solid business, sell off the bits they don't want and focus on what they do want, which i understand to be the us parts of wood. that was certainly the case, politics has changed, but that can be a positive one for those drill baby drill antics over the pond.

the fact remains that the failed takeovers last year, the deloitte report and the resulting shre price must be a huge and very costly distraction for wood. if i were a staff member, particularly if i were a shareholding staff member, i’d feel respect for the cfo and some certainty over a sidara takeover. gilmartin’s out of his depth, time for change, but that’s just my opinion!

Cube Reduced to .48%

Can't see it myself, but jees I'd be more than relieved.

Https://x.com/mamamusey/status/1897672901077139931

Because I don't trust everybody and because I like factual data, I've done my own research. I've been through every 8.3 since the 25th Feb until Noon today, I've plotted the data and looked at the holdings, I've not looked at any short position held. I've looked at the % interest. Here is what I've found.

These have decreased:

Marathon, Aberdeen, Schroders, Dimensional, Societe Generale, Vanguard, JP Morgan, Ninety One. But the total decrease between all of them amounts to just a 0.51% reduction.

These have held:

Boarder to Coast and FMR

These have increased:

L&G, Barclays, State Street, Black Rock - the total increase amongst them is 1.51% perhaps not material, but larger than the reduction.

Finally - these are (I believe) new... (or if they aren't new their holding broadly unchanged)

Goldmans taking 2.89%

M Partners taking 3.21%

Computershare taking 1.069%

As always - read into these things what you will, and check for yourselves. but to simply say that "the IIs are leaving" is at best being economical with the truth, and arguably down right wrong!

I would agree if that were the case, but the evidence says that the IIs are NOT selling

Yes Brunswick are PR - Allen Overy etc are Legals

YorkshireB - Yes - 6th August 2024 an identical RNS was issued. so today's RNS only tells us that Sidara haven't walked away, or at least they hadn't done when the people involved realised that the RNS needed to be issued... Its not a signal, its administration. I bloody wish it was a signal :-)

It was Allen overy last time , why the question?

Thanks isle, the del boy comment makes me think a low ball number has been mentioned, chancing their arm at a bargain approach

Coldspy - I don't think they're playing the game by our rules :-(

Getting that , "last person in the room to find something out" kind of feeling :-(

Looks like there was a chunky sell that went through not long after 12 - but that's all being picked back up again now

The idea of a merger is an interesting one. Whilst the scope and scale of that merger would need to be fully understood, what would be everyone's view on the immedate SP impact? - I'm thinking short term positive?

Clients rarely like to in-source their consultancy advice to that extent, to us it might make sense, but actually BP are more likely to outsource more and more (as they have bene doing over recent months) that's where the better opportunity is for WG

Tinternet does give you some interesting things - some of the Ai information generated by google will actually be drawn from these very pages. I reckon if we all said that tesco was rumoured to be buying Wood enough times, it may well appear as gospel from Google Ai :-) - Meanwhile I've been following #WG on twitter - I've discovered that the # also relates to "weight gain" :-) :-) something i definitely don't need to take any more interest in :-)

Cold - Walleye wereup .1% on the 3rd https://shorttracker.co.uk/company/GB00B5N0P849/ There appear to be some pretty ballsy shorts out there. Have in mind some of them started shorting at 50% above where we are now though

I undertsand why you would, but for me there just seems to be too many pointers for this being long term very very positive or short term very positive. I work for a major engineering consultancy in slightly different sectors to Wood, our CFO announced a departure for another opportunity, can't help thinking they might be moving to a more perm fixure somewhere like WG. There will be lots that take profits early and depart this week, fair play to them, I'm here for a while yet

Hosai.....An "exempt principal trader" under Rule 9.5 of the Takeover Code refers to a market participant who is recognized by the Takeover Panel as having a special status allowing them to trade securities without being automatically considered "acting in concert" with an offeror or offeree company during a takeover bid, essentially meaning they can continue normal trading activities even when involved in a takeover situation, provided they meet certain criteria regarding their independence and trading practices; this exemption is typically granted to large, well-established market makers who primarily engage in market-making activities and not active investment decisions.

Clearly I shouldn't have pressed submit on my last post! Doh! - dropped as soon as I did ;-)