Member Info for Bob182071

@rock

Just wait and see what’s happens a week on Thursday!! There’s absolutely no need for speculation at this point.

Rock,

I work for wood, no need to regurgitate what is already known my man.

Fine if you disagree with it, doesn’t bother me.

But chaps I know from Wood compliance are not confident that Sidara will be able to meet all the conditions. To what level, I’m not sure but if they can’t meet them all, it falls through.

@robert

I’m thinking a few months. Got a lot of conditions to meet and failure to meet even one of them would collapse the deal. Plus got to take into consideration all legal/formal documentation once that’s been done before it’s all finalised. One of my friends companies got bought over (much smaller than wood) and it took 3 1/2 months to get his money through shares. Again, just using that as some form of guider.

@carrot

We’ll all be singing from the roof when we make money. 🤑🤑🤑

Sidara or (almost) bust.

I want what he’s smoking. Seems to be working a treat.

@carrot

It’s fine mate, can rest with my feet up if the worst happens. It’s not the end of the world. Having savings and making good previous investments allows me to do such.

In addition to that, I’m happy to take a job anywhere if it gives me some pocket money to play with. Would stack shelves at a shop, it really is not that big a deal. Just relax, life’s good.

@scad

Hahahahahaha, absolutely pathetic commenting. Between yourself, dogger and carrot, I’m prepared to concede there might be a sign of a single brain cell between the 3 of yous.

Keep up the bitterness, rest assured when all the longs come out of this we’ll all toast to your bitterness 😃😃

@yorkshireblue

Some hefty conditions and hoops to jump through and they’ve all got to be cleared. Even one is considered a rejection of their offer outright.

In addition there’ll be wheels turning in the background with regards to restructuring, alternative offers from out of the shadows, I just can’t see how 35p gets through in my opinion. But I’m just sitting back and will see what ensues.

@yorkshireblue

We got all the key terms explained in a separate document on the email from Ken. Not sure if you’ve seen this so stuck it below:-

“Rule 2.4 announcement”

A Rule 2.4 announcement refers to a specific type of announcement under the UK Takeover Code. It is made by a company (the offeree) to indicate that it has received

a potential offer or is in talks with a potential offeror regarding a possible acquisition.

“Minded to recommend”

In the context of the UK Takeover Code, "minded to recommend" indicates that the board of the target company is inclined to recommend a potential offer to its

shareholders, but has not yet made a formal recommendation.

“Due diligence”

Due diligence in the context of the UK Takeover Code refers to the process by which a potential acquirer (offeror) investigates and evaluates the target company before

making a formal offer. This process is crucial for understanding the target's financial health, operations, legal standing, and other key aspects. Both parties must

maintain confidentiality during the due diligence process to protect sensitive information.

“Rule 2.7 announcement”

A Rule 2.7 announcement under the UK Takeover Code is made by an offeror to declare a firm intention to make an offer for the target company. This announcement is

crucial as it signifies that the offeror is committed to proceeding with the offer and has the capability to implement it.

“Irrevocable undertakings”

In the context of Rule 2.7 of the UK Takeover Code, "irrevocable undertakings" are commitments made by shareholders of the target company to accept the offeror's

bid and tender their shares. These undertakings are binding and cannot be withdrawn, providing the offeror with certainty regarding the level of shareholder support

for the offer

“Leverage”

In simple terms, leverage refers to using borrowed money (debt) to increase the potential return on an investment. A company can borrow funds to invest in assets or

projects. If the investment performs well, the returns can be higher than if only using one's own money. Leverage also increases risk because if the investment doesn't

perform well, the borrower still has to repay the debt, which can lead to losses.

“Refinancing”

Refinancing is the process of replacing an existing loan or debt with a new one, typically with different terms. Benefits can include saving money on interest, providing

more manageable payments, or free up cash for other expenses.

“Recapitalisation”

Recapitalisation is a financial strategy used by companies to restructure their capital. This process involves changing the mix of debt and equity on a company's balance

sheet.

Hopefully that helps with the understand of minded to recommend, by no means does it mean anything firm at this stage.

@monty

Sound like you’re a bit of a Debbie downer to others that have differing views than yourself.

I know Wood, I’ve worked here for 16 years total now and I can assure you they’ve dealt with choppier waters than this my man.

To say that it’s Sidara or nothing is incredibly naive at this juncture. There is scope in restructuring, there is scope in rival bids. It’s a crisis in confidence of the current regime which is the barrier to restructuring being seriously considered, this can be rectified.

How about you have an opinion (which is totally fine) for discussion, but don’t go off a cliff with it as if it’s gospel, when it isn’t. 👍🏻

Evening Chaps,

Certainty BP and Shell work heavily with apprentice ops and maintenance techs who are supplied by OPITO until they’re fully qualified and then swallow them up. Seen that happen quite a lot. These are chaps that come straight out of school.

In terms of universities in Aberdeen both Aberdeen and Robert Gordon’s offer a multitude of engineering degrees depending on which discipline suits you. Still one of the most popular degrees certainly at Aberdeen university. Only benefit of there and Robert Gordon’s is RGU put you on placement in 3rd year whereas Aberdeen do a full 4 year program.

@chattingbull

Oil is dead………..yet Shell and BP have committed record spending in the North Sea over the next 5 years.

I don’t know whether to laugh or cry and such idiocy. 🤣🤣🤣🤣🤣

@carrot

That’s why you have savings etc mate, for a rainy day!! Missus is in full time work as well, hardly any bills to pay monthly. Life’s good. Just got to roll with the punches if it happens.

Never been out of work longer than a month in 26 years of working.

Relax. That’s how you add years to your life.

@carrot

If you’re going to attempt banter. At least make it good. Lashing with sweat reading your posts.

@gonzo

Only way to deal with them is just laugh. They think they’re doing something or bothering me, it’s quite entertaining to be honest.

Carrot, got anymore doom and gloom (or comedy) for us this morning? Might as well whilst the shares are in suspension.

@carrot

Got a private pension so that’s solid, house is bought and paid for, investment is a risk and there’s always another trade out there and I’m more than qualified enough to find another job.

Stop being so bitter, remove the chip from your shoulder and your life will invariably improve. No need for it.

@carrot

Hahahahaha, you sound bitter as mate. Love to see it. I’ll wipe my backside with £50’s and toast you and your bitterness when the company comes out the other side of this, which it has plenty of times. :)

Bit weird that absolutely nobody believes what you say, but sure, keep telling yourself that. 🤣🤣🤣

Rick,

Everyone is entitled to do as they please with their shares and you’re allowed your opinion.

Please don’t tell people that are wood staff, long term investors and people that are prepared to risk what they have on the business what they should or shouldn’t be doing. Lots of friendly and savvy people on here don’t need you pushing what you’re doing onto them. Thank you.

That has got to be one of the boldest statements of the year so far. Certainty? What you basing such an outrageous position on?

Wood are exploring all avenues, including restructuring. As stated previous times, trust of the current board with the financiers will be a huge hurdle and may require some change. But to say Sidara or competitors buying is a certainty is wild.