Member Info for BlueBoy25

Feels like we're in the end game now. Well done for the patience to have got here. Most of the ins are in and outs are out is my guess with a bit more fun tomorrow - good luck all!

Haha, a common feeling I think! What's worse is I told a mate to check it out 🤦

No, I think it is dramatic to say they are finished. No offence at all Dave but you're very bi-polar on this stock! Deal in suspension or a big dilution is my opinion. Time will tell

I still think a formal offer is likely. Hopefully at 35p but wouldn't be surprised if they try and bring it down citing something else in the accounts etc. it has to be said though, the market is not pricing this as a done deal. People can say manipulation all they want but the share price would not be sitting 50% below the potential offer price if this was a done deal

They've reduced their position by a further 27% and you think that is a bullish sign?

I can't believe the board would say they are minded to accept the proposed offer if they hadn't had at least informal talks with the major II. They have a fiduciary responsibility to all shareholders. If they put a statement out saying they were minded to accept an offer that severely undervalued the company, it's verging on dereliction of duty. I can't see them exposing themselves to those sorts of governance concerns. Based on that, my guess is they have told II just how bad thingsba

Really fair point Medjed, thank you. My concern at the moment is I wasn't listening to the share price last time and was confident the valuation and offer would be much higher than what has actually been put on the table. For my own position, 35p accepted would just put me into a tiny profit after averaging up last time and failing to recognise 44p was the ceiling. At least this stock hasn't been boring - confusing, disappointing and a complete smoke and mirrors show but not boring! GL

Spot on cap

Very good

A cash injection of two tranches of financing. It is not a purchase consideration! Granted, it would be intra group so sidara is loaning sidara money which kind of proves my point...

So rather than thinking critically and thinking about the points raised, your default position is 'somebody at the times said it. I give up. In fact, the times had it wrong. I think the implied value is a million per share. Sidara might only offer 35p a share but I'm an implied billionaire

It is a debt instrument. They are not GIVING wood group 450, they are loaning it to them. They are offering 35p a share and financing. Can you really not see this?

Read what I have said and tell me if you think it is true, regardless of what anyone else has said. Also read the RNS where it confirms that the 450 is a debt instrument so they are not GIVING wood group the money. Think objectively and apply some critical thinking and see if you agree

And furthermore, the cash injection is a debt instrument so they haven't even offered that as value for the company! They've said we'll buy it for 35p a share and then sort the financing out within our group. Deluded

I see certain people are still trying to say the offer is equivalent of 85p to try and save face.

The Sidara offer is worth exactly 35p per share — that’s the cash shareholders will receive if the deal goes through. The $450 million capital injection is not part of the payment to shareholders; it’s new money Sidara is putting into the company after it owns it, to fix its finances. Saying the deal is worth 85p per share wrongly assumes shareholders still benefit from that money, but once Sidara takes control, that $450m goes into Sidara’s company, not into shareholders' pockets. So the real value to shareholders is just 35p — nothing more. Full stop. End of debate.

Coming back and looking at some of what has been said the last few days, it's crystal clear...nobody has a bloody clue 😂. Most of of the self proclaimed prophets have been wrong repeatedly and everybody is guessing. Someone will get lucky and guess right and be straight back here to extoll their own genius.

I guess this will be into suspension. I've trimmed some and will hang in there. GLA

Enjoy the Easter break everyone and we'll resume this on a Tuesday shall we!

GLA

Thanks for the respectful reply and sharing your opinion. Far too much sniping on here for genuine questions!

Why would Sidara board approve a bid before they've seen full unaudited accounts?

This is a genuine question Ice but from a newbie, how can you be so sure that the financial situation is as positive as you say? Surely if they had access to enough cash, there wouldn't be the need for the temporary waivers for covenant breaches whilst they scrambled for refinancing? The board has even said they are likely to issue equity along with asset disposal if this deal falls through. This seems clear to me that the company finances are distressed - they wouldn't be even entertaining 35p and the share price wouldn't be 20p if that wasn't the case?