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Still waiting Sham for reply on 450-600m

450-600 million, It’s not on this update

https://www.woodplc.com/news/latest-press-releases/2025/business-update

Sham, Where does is state that WG need to raise at least 450-600 million ? for what, the debts can be managed, plenty of big companies have debt

Sham, really don’t see it.

worthless equity" refers to stock or other ownership stakes in a company that have lost all or nearly all of their value, meaning they have no market value and no potential to regain value. This typically occurs when a company faces bankruptcy or liquidation, rendering its shares virtually worthless

In the Update on possible offer from Sidara, WG board stated ‘Minded to Recommend’

WG for sale at the right price! not a done deal unless agreement on valuation.

Minded to recommend" means inclined or disposed to recommend something, suggesting a willingness or intent to suggest something as a good choice. It implies that the person or group is leaning towards recommending a particular option, but it's not yet a definite recommendation

Https://www.woodplc.com/__data/assets/pdf_file/0030/256791/Wood-investor-presentation-April-2024.pdf

Last years investor presentation 2024 highlighted significant growth potential in Consulting and Operations part of the business working with the worlds leading energy & material clients.

Looking forward to read 2025, should be ready

In my opinion, the board recommended to accept the offer only to make a statement that WG is now for sale, Apollo’s offer of £2.40 was rejected by WG because it believed the offer significantly undervalued the company and its future prospects. Now with everything that has unravelled, the board have decided to progress with a takeover in principal. Could be interesting couple of weeks

Sidara have just put a marker down with possible 0.35p, it maybe thinks that Apollo or another are more likely to put an offer in now Sidara have showed their hand. Rather then lose WG, Sidara will increase its offer if it has to but only if it has some other party bidding for WG, once it knows this it will submit a firm offer

Still say, more to come from Apollo, actively involved in mergers and acquisitions which add value to Apollo portfolio, could return as see huge potential from Woods recent news regarding Middle East energy transition centre

Wood, a global leader in consulting and engineering, announces the launch of a highly specialist centre for technical, strategic and economic energy transition solutions in Abu Dhabi. The ‘energy transition hub’ directly serves clients in the Middle East region, bringing together the advisory and technical expertise required to deliver energy diversification and net zero goals.

https://www.woodplc.com/news/latest-press-releases/2025/wood-launches-middle-east-energy-transition-centre

I would like to see Fluor Corporation get in on WG takeover, competitor, huge company with big revenue and cash available to snap up WG on the cheap.

Seem to have a great CEO who understands the business

https://www.fluor.com/

Full year results for 2024

* Full year new awards of $15.1 billion; 85% reimbursable

* Ending backlog of $28.5 billion; 79% reimbursable

* Strong operating cash flow for 2024 of $828 million; highest OCF generation since 2015

* Q4 share repurchases of $125 million; $300 million planned for 2025

* $1.6 billion gain recognized from deconsolidation of NuScale investment

John Wood Group Alliance News

For 2025, it continues to expect double-digit adjusted Ebitda and adjusted Ebit growth, in line with market expectations. However, this assumes a number of extra cost-reduction measures.

John Wood is targetting a further around USD85 million of annualised savings from 2026 onwards, with around USD60 million benefit in 2025.

This is in addition to the USD60 million of savings already planned for 2025. These are "on track", the firm said

Great post Gord_1, this has been handled very poorly by WG, tail wagging the dog

The CEO should have communicated some positive news to shareholders to boost confidence and perception of WG

Who knows Apollo could return, it may help them with the acquisition of OEG.

https://www.apollo.com/insights-news/pressreleases/2025/03/apollo-funds-to-acquire-oeg-a-leading-provider-of-core-services-to-the-offshore-energy-industry-3045429

The board should have stood firm, agree the Sidara offer of £582m, but for the shares only (85p p/s) which would mean reject the capital investment part of the offer, should not be included.

Sidara will be able to invest capital once it has the business and understands where it is needed.cost savings would happen as soon as the takeover is completed, loss making sections would be closed down as well as identifying areas that requirement investment, systems etc.

Can’t see Sidara walking away, they have spent plenty of money on DD this time to just walk away. Especially as abandoned potential deal last year.

It is only about the price now, Sidara want it as cheap as possible, if WG shareholders hold out for more min 50p separate to the capital injection this would be done and dusted in my opinion.

I would like to see disclosed what the Retainer Fees are for the CEO, CFO and directors of the board. Sidara would have already provided this to each one under a NDA to encourage them to vote yes

Extract from article

KG - I am one year in role; we are about seven months into our three-year strategy and something special is happening – momentum. The magic of momentum in a business, a team, a partnership cannot be underestimated and there’s a major difference between short term success and long-term significance. The goal is significance as we seize opportunities to deliver solutions for a sustainable, net zero future and make Wood a more valuable company

What has he been doing during his term?

Interesting that Kevin Gilmore is staying silent, watch the video, lots of words but complete failed in his actions. Shouldn’t be allowed to ever be a CEO of a company.

https://www.woodplc.com/news/latest-news-articles/2023/ken-gilmartin-one-year-as-ceo