Member Info for Dazpink

Https://www.woodplc.com/investors/financial-and-regulatory-news/2021/wood-signs-new-$1.2bn,-five-year-sustainable-bank-facility

JO

Back in 2021 John Wood Group signed up to a $1.2 billion, five-year committed sustainable revolving credit facility with a group of 16 relationship banks.

https://www.woodplc.com/investors/financial-and-regulatory-news/2021/wood-signs-new-$1.2bn,-five-year-sustainable-bank-facility

Are you referring to these lenders that you believe are now demanding a cash injection of $450 million as a condition of sale ?

WG are not breaching any of the dates yet, maturity is 2026 and up to 2031

Sidara imaginary offer is to pay $242 million for the company at 35p a share which is a p…. take

Remember, the capital injection of $450 million is only a loan from Sidara to Wood

Great Sunday reading Froggles, keep it up. Not attending myself but hoping for some fireworks.

Urraca, the word is, could include not will include, this is very important in this context of the release.

Jollygood, why is that ? do you have anything to support your thinking ?

Urraca,

I agree with Kando, people seem to have forgotten there is a downside, potentially very steep, if the Sidara deal doesn’t happen. A massively dilutive debt for equity swap or raise would see current shareholders more or less wiped out. In that context 35p could be very good indeed.

WG have not stated that a massively dilutive debt for equity swap or raise would be required if Sidara walked away or WG rejected any offer.

Thanks for your response but I do disagree, let’s see it unravel, I am very positive holding the shares I have for long term if needs be.

When WG come out of suspension the share price could in first few hours of trading move back up to 35p just on the YE results alone, markets react quickly to positive news and we don’t know yet what is to be revealed, do you not agree Kando ?

Kando, do you work for Sidara or have relatives who do ? you seem to have tunnel vision and only support them.

JO

As per your comment, the only way Wood's lenders will agree to debt refinance will be with a cash injection of $450M, which is needed to shore up Wood's balance sheet and for liquidity purposes - this has been clearly demanded by Wood's lenders.

From Woods own news update 14th April below, no mention of $450 million required from the BOD, this was Sidara’ proposal.

The Board of Wood believes that the Company needs to have a more sustainable capital structure, and this requires substantial new capital in order to diversify Wood’s financing sources and reduce its indebtedness over time. Sources of new capital could include a substantial issue of new equity, significant disposals or a combination of both.

Different opinion that all, I am happy to keep the CEO and Bod in place for now Kando, as long as it shows some real backbone against Sidara now we are getting close to the final deadline.

Kando, I would do the some with your posts, utter rubbish.

It is not building from scratch, where on earth do you get this from ?

Panic organising a massive asset sale, not true

Shareholders being heavily diluted, again not true.

If you can’t stick to the facts, please keep quiet.

MissAnglesey, los it all ! It’s not a small AIM Company, there is no Chance you will lost it all, the audit is just a process to establish the state of the business, the project division was the only affected part of the business that was in not following standard protocols. WG are back on track.

Reject the Sidara bid if it remains low, 12 months from now WG will be valued far more than what it currently is.

Refinancing will be sorted, it be cash flow positive in 2026, and big contracts won that will bring in large revenues over the period 2025 into 2026.

The BOD, shareholders only need patience, the business will bounce back to be bigger and better than where we are now.

Apollo, Sidara or another will be back and will have to pay more than £2 to takeover the business over in 12 months.

The contracts mean everything, it means that it will survive without Sidara

Malcolmj

Dogger has been busy on advfn, this afternoon spouting rubbish under his other name, dave007parker

35p plus cash injection isn’t going win it for Sidara, there is no risk for WG to reject it, share price will move very quickly upwards based on the financials and pipeline.

Wood will also gain additional work in the future.

Production capacity could grow further as the company said it intends to take FID on two more phases of the RGD project at Habshan and Ruwais

Wood previously delivered the front-end engineering design for Habshan and will deliver the EPCM phase while the complex remains remain fully operational in order to sustain gas suppl

https://www.ogj.com/refining-processing/gas-processing/capacities/article/55296108/adnoc-gas-sanctions-first-phase-of-gas-development-project-awards-5-billion-in-contracts