Member Info for BlueBoy25

People keep saying this and s an opening offer or the board can negotiate for more... The truth is, the board have said they will back this offer. At present, there is no reason at all for sidara to offer more and any other offer from them would likely be lower

It's down to the II now to reject the terms and put pressure on as the board have rolled over and had their tummys tuckled

Si he makes 2 posts this morning saying this is going sub 20 and as soon as it goes the other way, he doesn't want to waste time here and is off to play golf. Guarantee if this slumps this afternoon, he'll be back.

I don't think this is out of the woods (!) yet though. I said last night that this would be an extension into suspension and was slightly poo poo'd by some people. Again, I am only expressing my rather naive opinion but I don't see that shorts need to necessarily close today as there is a week to play with. The Win/Win posts are also a bit optimistic I'm my opinion, the bid could fail to materialise for a number of reasons and we could be in for a dilution or god knows what. All that being said, I'm still in and I think a deal is the most likely outcome - hopefully I can recoup the losses from getting greedy and not selling at 44!

Surely the most likely outcome tomorrow is an extension into suspension? The preconditions for the bid haven't been met so I'm not sure why so many people are sure there will be RNS with a formal offer tomorrow at 7am. Unless Sidara have agreed to waive the preconditions, which I can't see. I also don't see them walking tomorrow after giving a fairly detailed proposal around financing etc. of course I don't know what will happen but my guy feeling is we'll wake up to an extension of the deadline...not that it really matters now, those who are in are in and those who are out are out.

GLA

Of course, thank you

Without getting back into the RNS l, does it not also say that Sidara could waive these requirements and submit a conditional offer? I don't think this is a likelihood by the way but I seem to recall thinking it was a possibility

It wasn't. From AI and for your own awareness:

The uncrossing trade at 22.56 on 15-Apr-25 wasn't initiated as a buy by any single participant. Instead, it was the result of the LSE’s closing auction, where buy and sell orders are matched to determine a final price for the day.

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So what actually happened?

Both buy and sell orders were submitted during the auction period (between ~16:30 and 16:35).

The uncrossing algorithm found a price (22.56) where the most volume could be matched — that’s the uncrossing price.

The 1,404,452 shares were matched — meaning that many shares were bought and sold simultaneously at 22.56.

No one “bought” those shares in isolation — it's more accurate to say those shares changed hands at that price.

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Why is it labeled “Buy”?

Data providers (like LSE feeds or brokers) sometimes tag a trade based on:

Whether it happened above or below the midpoint of the bid/ask before the auction.

Whether it seems to favor demand (buyers) or supply (sellers).

But this is just a guess — and especially misleading with uncrossing trades.

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In Summary:

Was it a literal buy? → No.

Did buyers and sellers agree on 22.56? → Yes.

Was there demand at that price? → Probably yes, but also supply — that’s why it matched.

Says people deserve to lose money if they take advice from this board but thinks the £316k UT was a purchase 🤦

I agree Wily. My take is this - things are far worse than expected/previously disclosed to the point that refinancing is significantly more difficult than expected with the current debt facilities already requiring waivers for covenant breaches. Along come Sidara and offer a nominal amount of 35p and two tranches of capital injections/loans to head off the refinancing issues. Things are bad enough that the board see this as the most viable way to keep the ship afloat. Tellingly, they hired an interim CFO in Torrens who supposedly specialises in refinancing so they may well be right. The alternative has already been explained by the board in the last RNS - "Sources of new capital could include a substantial issue of new equity, significant disposals or a combination of both.". Disposals will likely take too long so if this offer does not materialise or is rejected, I expect a massive dilution - it's there in black and white. It's all really grim for us retail but the last two RNS have been gut punch after gut punch. Another party entering the fray may change things and I hope they do but at the moment, I see the offer of 35p (it's not 85p so give it a rest) being accepted or plan B - a massive dilution.Could be completely wrong of course as could we all!

Not only is that other legend 50p a share useless to shareholders, nobody is mentioning that it is a debt instrument - a loan. They are offering refinancing as an intra-group loan. They are not paying 35p a share and giving wood group 450million. They are paying 35p a share with a loan to keep it afloat. I'm sick of this 85p talk

To be fair, I broke my own cardinal rule on this one so I have nobody to blame - a couple of weeks ago, somebody posted rocket emojis....usually 🚀= run! 🤣

Why would they increase the offer?? The board have already said they're minded to accept so to my mind, the only revision will be downwards unfortunately as the board have played their hand

This makes a lot of sense. I remember thinking the last RNs was particularly negative from the board and now it is clear why

Apologies. One of my biggest gripes with this board is the bickering clouds the genuine info and I've just done it myself. Point noted!

Don't forget the bots

That's because I called you out on trying to twist the narrative. Dismissed mystic meg

He's insufferable. I've never seen some ody so consistently wrong who just doubles down again and again. No ability to reflect at all

Why are you obsessed with the amount of posts I've made? You've made thousands and they're all wrong. Anyway, you were dismissed thicko. Leave me alone

"YoungEngineer If Sidara offered Wood 40-60p, Wood and its institutional investors would laugh Sidara out the door and rightly so. Keep it real." This you? I'd rather make zero posts then be so consistently wrong. Anyway, I'm done with you. You're dismissed silly man

No it doesn't mean they value it at that James. You were wrong with your predictions so just stop. Not a single person here believes your guff except for you. It would be more accurate to say they value it at 35p a share BECAUSE they have to inject cash