RE: Another £57m11 Dec 2025 13:41
So Wood Group are managing to sell off what I assume to be none core or non profit making businesses, thereby adding money to their kitty whilst taking on additional 10 year contracts, hopefully to make a profit rather than buying business for the sake of employment. WTF are they selling the whole company for less than it would apparently be worth in a few years time?
Unless of course senior management are going to pocket large sums of cash whilst exiting the back door. The company seems to me, the uninitiated, to be a long term business and I assume Sidara are looking at it in a similar light. If remained in the hands of the current shareholder collective, there's no apparent reason why it couldn't be 60 or 70p in two years time. Or am I over simplifying things.