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This is an article from the IEA in 2019, governments are taking hydrogen seriously it's just taking longer than we would like. The media seems to control investor sentiment so whatever is popular at the time gets the most attention. Hydrogen does have a role to play it's just going to take time to become popular.

https://www.iea.org/reports/the-future-of-hydrogen

I think the question here is refinancing is good but at what cost?

This isn't going to be a popular point of view, but I just spent the last few hours reading Ken Gilmartins' interviews and I get the impression he will resist all take over approaches unless forced out by disgruntled shareholders. His main argument is 2025 is the final year of his 3 year re-structuring plan and all the financial mess we are witnessing is the consequence of his process of restructuring the company to take advantage of new opportunities in a better transformed company.

Clearly skeletons have been revealed and new figures have come to light way beyond what anybody including Ken was expecting. However I expect him to fight tooth & nail to retain control and see off opportunistic bids. Just my opinion but all thoughts welcome.

Stupmy, understood. I for one have always struggled in how best to value a company. I suppose that is the art of investing, being able to recognise when a company is seriously undervalued. Certainly looking at the US stock market makes me wonder where their valuations come from, I think it is fair to say that a lot of companies in the UK are comparatively undervalued and Wood, is in most peoples opinion, definitely undervalued hence we are all here trying to benefit from that anomaly.

Stupmy, as I'm sure you know there never is a single correct figure only a range. That range is what everyone is guessing today. I'm sure Wood have the lowest figure they are prepared to accept and Sidara have the highest figure they are prepared to offer. Hopefully there is currently an ongoing process of negotiation as we speak, which won't be as protracted as before (3 months last year), lets hope we will be put out of our misery soon and can then all start to move on to the next story.

When Sidara made its first offer back in April 2024 the Wood equity was valued at £3.64B based on 2023 accounts.

At the end of June 24 this figure was revised down to £2.6B.

We have since been advised that further write downs are expected. We don't know what that figure is but with the sale of EthosEnergy and reduced cash position they are probably heading towards £2B or less in net equity. That could be half of what it was when Sidara was first interested. It is therefore not unreasonable to expect that Sidaras' offer will reflect that reduction in value.

Just a piece from last year confirming both Sidara & Wood work for Aramco. Sidara would definitely benefit from Woods' oil & gas expertise which doesn't appear to be one of their strengths.

https://www.meed.com/sidara-wins-aramco-engineering-services-contract

An interesting article showing how the company got to where it is today.

https://www.pressandjournal.co.uk/fp/business/local/6695334/wood-group-aberdeen-crisis-what-has-gone-wrong/

Ztarz.

It is possible that Sidara did find something they didn't like.

I hope you are right and the reasons they gave for walking away are justified, but in the last 6 months something hasn't added up and the financial forecasts made have been found to be incorrect.

If Sidara are still interested I'm sure we will hear soon enough.

The current share price won't be a factor as to whether this is a t.o. target. Any interested party will want to know whether the company has potential going forward. The £6 billion plus order book will require investigation, will these contracts be potentially profitable or represent a price risk due to agreed terms and ongoing increased costs. Lots to consider here. After the initial roller coaster ride the sp will settle down to a new level and maybe in 6 months we might see the turn around we are all hoping for. The board has a lot to do and needs to prove they are worth backing.

I see that US natural gas prices rose from $2 in September to over $4 in January and now sit around $3.4 MMBtu. This stock has fallen from over 20p to under 7p since I bought it based on Malcys' appraisal back in Oct 23 when NG was around $2.5 - $2.8 MMBtu. I now think it's oversold but it seems to be out of favour. Assuming Trump follows through with his energy policy and sells more LNG abroad in return for reduced tariffs, this company has the ability to turn on the taps at relatively short notice, I would of thought it was in a good place going forward, do you agree?

All quiet on the Western Front. I notice HOOK share price has fallen to $1.78 on Friday. Any idea if that might affect things this end?

Probably not a likely outcome for 2025. Sanctions, tariffs, insurance issues with Russias' shadow fleet, Iran, Venezuela and others on Trumps target list, refineries closing etc., etc.. expectations are that oil prices will rise from $65-75pb in Q2 up to circa $80-90pb in Q4. Drillers won't drill unless they can see a good return. It may be his intention to drive down the price of oil, but the market will decide the price of oil not him.

If Musk is serious about providing hydrogen stations at each of his Tesla charging stations for his new 'Water Engine' the change in perspective for hydrogen powered vehicles could be considerable.

https://www.youtube.com/watch?v=75YTAS0kQ2U

If this link doesn't work just google Tesla water engine.

I think Trumps' chaos is enough to cause everybody to behave erratically at the moment.

With public sentiment increasingly negative on oil stocks I'm hoping AXL are dinner rather than diner this year. Hopefully above 30p.

We need a lot more volume to be traded on AIM to make a difference to most companies listed here. All we are getting are minor spikes as traders identify opportunities on a daily basis. Most of the investment money is currently sitting in the US, until that reverses we are stuck with low volume, poor valuations and shorters dictating share prices.

My understanding is Trump wants to create cheap energy causing the cost of oil to fall so as to benefit the US economy. Large producers who have the benefits of scale will likely mop up smaller producers who will struggle. AXL, in my view, was always being set up for a future sale, the timing of which is unclear, but may now be affected by Trumps energy policy. It is possible we might see a sale sooner was originally planned.

Maybe the drop in the share price after 2nd January is a cause for concern requiring both sides to spice things up a bit.

You would think that Hook would be looking at ways to bolster the share price prior to the fund raise. However, if they are not, maybe they have had sufficient confirmation from interested parties to negate that course of action.