Member Info for CheshireLad

Tree shake, in operation. Hold for gold.

GLA

Obviously it goes without saying Apollo will lowball, and like with what's happening over at WG. we may not be privy to that information for a while unless activists force all parties hands. It's a strange one personally for me as I work with WG. and have some insight regarding what's going on, but solely in respect of the function I work in, but no direct knowledge of the current projected trajectory of how it will play out there, but also I drive past the THG offices most days and have former colleagues who have gone to work for THG.

Apollo will lowball at 1.60 or 1.70ish and will set the bar at high 1.90s I suspect, but just my honest opinion. I hold both WG. & THG so would like some of the money Apollo wishes to spend to come my way......eventually. Certainly an interesting next 3-6 months on the cards for both. I'm sure we'll find out soon enough!

GLA and hold tight

Funny how the article mentions WG's peers. The CMD positioned WG in the same bracket, so WG obviously value themselves accordingly?

FYI: https://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=4271162&lang=en-GB&companycode=services

Why not hold both, it's a no brainer! All hell would break loose if a second bidder came in or WG and imagine if Apollo turned their attention to PFC. Now that would be the perfect storm, not for the shorts though.

GLA

If anyone takes anything from this article it's the part about the head count.

I see Scott is back as the price dips with a mantra regarding a deal might not happen? It could be a yes or a no, but then again it might be both, IMO. I'm Happy to play along to Scott.

Double down on Petrofac, similar position to Wood a while ago, PFC either will go bust or pop, you take your chances. I've taken a very small position, I can afford to lose over there and will monitor closely over the next 6 months.

Regards WG I'm still long and holding out for better things to come!

Do we think once WG. is or close to being finalized with Apollo that money, and eyes, will start moving and looking over here?

chin up & GLA

Picked up a small amount at 1.31, looks like it'll go lower?

GLA

FYI: https://www.woodplc.com/news/latest-press-releases/2023/sale-of-offshore-labour-supply-operations-in-gulf-of-mexico

FYI: https://www.bbc.com/news/science-environment-64886116

$1.7 billion raised by the Built Environment sale

FYI: https://www.woodplc.com/news/latest-press-releases/2023/wood-secures-engineering-contract-for-pathways-alliance-ccs-pipeline

Scott,

I'm open to others opinions if backed up with real knowledge of the inner workings of Wood. If you are so informed then a relatively easy question to answer would cover the Wood sales of the the Nuclear side of the business to Jacobs, and the recent built environment sale to WSP. Leading up to the sales both had internal project code names, now that both sales are complete and public knowledge can you name either or both of the internal project code names? Answers on a postcard.

Scott,

I've never heard so much rubbish and tripe, your agenda is apparent. Yes, the company hasn't been doing so well, but to be fair you have to acknowledge with the poor management decisions over the past 5-6 years and with all the micro & macro events that have and are taking place, as a going concern at this moment it's in pretty good health moving forward, but with most things in life, things take time. Give KG a chance to turn the ship around. First impressions of KG is that he is a facilitator and doer. The market is currently making him work hard, and so they should, and that's another thing KG is, a worker, so lets see where his work takes WG. over the next year, don't be so negative as others might believe or take your posts as fact, when actually in the real world the company is NOW in good health and just needs a few more long-term major contract wins to move forward and underpin and build upon the current value and then be accordingly reflected in the SP, but I acknowledge this isn't likely to be quick, lets see where we are at come Easter 2023 and then Summer 2023 shall we.

FYI: https://www.woodplc.com/news/latest-press-releases/2022/wood-awarded-two-offshore-energy-contract-extensions-in-brazil

The volume on Friday showed the market expected the announcement late on Friday or on Tuesday. When no announcement came on Tuesday they took it down again in readiness for today or later this week. It's no surprise the announcement happened, it was always stated in all communications it would be by this quarter end, so no surprises, at this time, to what was stated and ultimately delivered.

With JP and Morgan Stanley involved as advisers, and with those juicy fees is anybody surprised some knew when the announcement was due to drop, then wasn't, then was. The wider market is rigged beyond belief, and those with the tools to manipulate the price when required are always in the know or given the nod.

Anyway, a lot of cash received gaining some nice interest until the end of this calendar year, then we'll see what happens. Would be happy for a little share buy back exercise, and it could happen with now an overall smaller agile company, so why the funds are available would make sense to a small degree, all depends on the capital held and what avenue you might wish to achieve the best return on that capital? I was mulling over the same thing in respect of buying more WG shares or paying some of my credit card off, lol, a slightly smaller comparison but the decision is still the same, from now on it's all about the ROI, but KG should always be reminded that the purpose of a plc is ultimately to look after their shareholders, and this sale might just result in those shareholders being better thought of, rather than it seemed, from the outside looking in, it was all about the top management and maintaining that gravy train, choo choo GLA, including KG

Don't judge a book by its cover
I'm sure KG doesn't feel sorry for himself
Parachuted in to carry the can, probably more like recycling the can
Yes, a big job requires rewarding, and only time and the 'real' shareholders will tell you if it's money well spent

Reminder of the winds of change:
https://www.energyvoice.com/oilandgas/346862/wood-appoints-new-coo-as-dave-stewart-bows-out-after-25-years/