Member Info for Delapsusresurgam

Mitie's current RSI is down at around 22, which is just ridiculous for a company making decent profit and with a good forward outlook ; the share price has to move upwards soon or someone (probably a US-based financial vulture) will, in my opinion, make a bid for this company.

"Whoever is holding this at £5 must need a toilet break soon".

Love that observation!!!!!.

17-Jun-26 16:36:18 Vol = 600,686 Buy* Trade value = 912.93k O

Marshal Wace would have to stump up nearly £200,000,000 to buy back their borrowed shares, at the current price.

Agreed Snoopz, but I think there are plenty of shareholders, naive or otherwise, who have helped to push up the share price every time a large investor has bought in, be it Mital, Draghi, or whoever. …. and the converse is probably true.

The SP drop would seem obvious, given : "A condition of the agreement – known as a “standstill restriction” - is that he (i.e Mital) cannot purchase more shares, or launch a takeover bid without BT’s consent. Following the announcement shares in BT fell by 3.5%, as any future prospect of a takeover has been effectively taken off the table".

I agree, there must be a strong posibility that a further extension could be agreed to allow Sidara to reconsider their possible offering given the changes to circumstances. Maybe the next RNS ?.

Shareholders have to vote on & agree to changes to Articles of Association. This move may be connected with Sidara's conditions for making their offer (e.g. their demands that Directors are obliged to commit to voting in favour of any takeover offer).

Pokerchips, I also think you have made some very good points in the course of recent weeks, too . I'm not here to denigrate your contributions to the discussions. Apologies if you think I'm showing bias against yourself, I'm really not.

I've been following conversations on this board for what seems like an eternity since Wood shares were suspended and I'm not one to take sides in the various heated discussions, but I do think Icecool's logic and arguments have been well thought through, consistently credible and well articulated. Thank you for all of your posts Icecool, the board has benefited greatly from your contributions. I don't think any of us can predict with 100% certainty what the outcomes will be from here on in, but I can say that, from the sidelines, it's been fun and informative reading ..... argument & counter argument ..... and with some nonsense thrown in, of course !. No doubt we ALL want a positive outcome and should maybe take off the boxing gloves and watch the firework display instead .... it's due to start very soon now. Good luck to all !.

John33, the Stock Exchange trading record shows this transaction as being from yesteday (with a timestamp of 26-Aug-25 16:49:13).

..... and judging by the spread, this looks like it's a Buy.

That's got to be close to 2% of the issued shares.

26-Aug-25 16:49:13 34.81 11,850,132 Unknown* 34.12 34.26 4m O

Interesting transaction just appearing from yesterday's trading.

Apologies guys, the last sentence in my reply should have read ; “ ….. is not something I would even speculate on”.

Longfell / Pete, I don’t believe Wood are desperate to sell the business to Sidara or any other company but there is a need for operational finances (I.e. the cash flow issue) which they need to keep the business running smoothly until they secure the re-financing they need ; to leave re-financing into 2026 may expose them to potentially much higher interest demands from lenders. I have a feeling that Sidara will make a conditional offer to Wood on / or prior to 17th. April ….. and probably prior to the 17th. so that there’s still time to seek a further extensio. That could potentially avoid the need for an extension and without absolutely committing themselves until they’ve reviewed the revised accounts. If Wood accept any such conditional bid then Sidara will be very happy as everything is then under their control, and Woodshould be happy to as long as they’re confident that the accounts will be acceptable to Sidara. How much Sidara my offer however (should they chose to do) and whether that is a satisfactory offer to the BOD / IIs) is not something I would’nt even speculate on.

Sidara have a unique opportunity to get their hands on Wood at a very affordable price as things stand. They obviously want Wood and have had their opportunity to complete their due dilligence exercise and are presumably now only waiting for the chance to review the re-audited accounts which shouldn't take them any time to do, unless the accounts reveal very detrimental details. However, if they don't make an offer for Wood by the 17th. April they are completely dependent on Wood agreeing to a further extension which isn't 100% guaranteed especially if Wood make any progess on re-financing in the mean time. If no extension is agreed then they're out of the picture for 6 months and, in my view, Wood would not welcome them back in after a second 'walk away' and also because they need to sell non-core assets (to address cashflow issues) which may be hampered by further involvement with Sidara .... and if an extension is agreed then Sidara would want to make any offer (should they wish to !) quickly before any other potential bidder (hedge fund, etc) get a chance to show any interest in Wood group. So, maybe it's not just PI's like us who have a dilema in whether to 'hold' of 'fold', it's probably just the same for Sidara !. Just for clarity, I will be in the 'hold' camp.

Apo!ogies, that was supposed to read 'James' , not Names !

Agree in general Names, but once the revised accounts are finalised / published them Sidara have lost their advantage of doing their up-front due diligence exercise, and risk other potential bidders showing an interest ?.

My view of this is that the SP pullback is simply a reaction to the uncertainties regarding Trump's possible plans for tarrifs on European countries (including our own) and that the understandably nervous response from PIs is to sell at what is a decent level.

As for the share buybacks, notionally these are reducing the total number of shares even if they are not being cancelled, because otherwise the company would typically create more shares to meet the needs of the employee scheme commitments. I haven't checked, but AGM resolutions normally give the company the authority to create more shares for employee share-save schemes.