Member Info for ChartaRex

Now down 19%

It just flashed up down 16%.

Or up :0)

Sham189,

With all due respect, your talking horlicks :)

If it drops I'll be snaffling up as many as possible :)

I'd imagine a quick drop on opening to trigger stop losses, followed by a slow climb back later.

Certainly worth considering....

Re-stating prior year accounts may have unintended consequences - Wood may have overstated profits & therefore paid too much tax in earlier years - and could be in line for a rebate(s). Who knows?

Governance is being addressed.

We have over £6.2BILLION of forward contracts.

We have a takeover situation.

Institutional investors will be putting pressure on the Board to get this fixed as quick as possible, and they won't accept a low ball offer.

It's a 'wait and see' situation now.

I've just read an article in the Daily Telegraph about a 76 year old woman with a £1.7m ISA portfolio. She knew nothing about investing when she started out 40 years ago. She's seen it all, Black Monday, dotcom bust & the 2008 Financial Crisis.

This is the line that struck me:

“You have to keep your nerve when things go bad, and buy!”

Wise words.....

News could arrive anytime during the day. As soon as the Deloitte review is signed & sealed it'll be published. I can't imagine they'd wait until 7am the next day....

Full year results for the last 3 years were issued as follows:

26.03.24

28.03.23

20.04.22

So there's a possibility they may still be a few weeks away, or they could land Monday.....

I think the Deloitte review will land first, followed by results, then the bid (possibly). Just seems the logical order to me.

Let's hope so :) Personally I'm happy with anything north of a quid.

I spent 3 months in Vincenza years ago & lived on pizza & beer. Came home and couldn't face another one for years, lol! Strangely, it didn't put me off beer..!

I hope you're right James, getting Sidara, the Board, II's & PI's to agree a fair price will be a balancing act. Just look at the range of opinions on here....

Pizza last night & bolognese tonight, eh? Lucky beggar :o)

I think Sidara could turn hostile if the BoD can't agree a price. They clearly want Wood as part of their business & have the cash to do it. If II's are onboard at the right price it may happen. Gilmartin has now destroyed circa 90% of the sp since he took over a few years ago. Who knows?

2024 FY results were published on this day last year. I think they're probably waiting on the Deloitte report before releasing them. Hopefully that means 2 bits of decent news in quick succession. Followed by a re-rate :)

With a bit of luck we'll know by Friday :o)

The sp was over £5 between 2011 & 2019. Where did it all go wrong........

That aside, I expect a bid north of £1.25.

Once the Deloitte review is published we'll re-rate higher. They've already said there's no significant concerns.

If results are ok, we'll tick up further.

If they re-finance the debt via Rothschild, it'll climb higher again.

Then there's the bid..........

Failing that, private equity will sniff around.

Correction. I just tapped on the actual rating. One analyst has moved his position to "strong buy". The dial must be an average of their views. Still, it's a positive change.

When I log in, I type in "wg share chat" on the bing browser & the search page comes up with the WG share chart and an analyst rating. For the last few weeks, right up until early this evening, it's been showing an analyst rating of "Hold" by 4 analysts. Now it's showing "Buy" by the same 4 analysts. Has a deal been reached tonight?

I've had to log in again, just to filter Sharebelend.

Congratulations, you're the very first person I've ever binned.

Off you pop. into the bin :o)

If they get rid of the peripheral businesses, use the proceeds to pay down debt, and then change the CEO, Wood will bounce back strongly.

Sidara want Wood, not only for the business, but the people - something not talked about much on here. There's over 35,000 highly knowledgeable & professional employees with a wealth of technical experience. That's the prize.

IMO, Sidara will offer a decent price. They can't afford to be locked out for 6 months, and they can't risk a rival swooping in.

I'm still sticking with my £1.25-£1.75 target.