RE: Worst case scenario is more likely D4E swap + Rights Issue, Not Admin29 Apr 2025 09:57
Young engineer.
A very well written post mate, this is what the room should debate, we lost some great posters due to the invasion of the asylum crew
Thats the issue at heart, the old money is lost, the new money is those in under imv is 23punder 20p the 17p averages are in a great position.
I started with a 250000 share gamble 10 days ago.
Now I really like wood group, yes there's issues, but employees are at work, contracts abound, selling of the surplus company's ie the 30mn deal,
Imv the debts are really not a issue, they will pay there dues, they paid in past, probably paying weekly bill, so why worry, there's ftse 100 with 10bn debt, jeeze look at vodaphone, every listed company as debts, nothing that cannot be sorted out, some bad management is most of root cause.
What role will the current Bod play in future, will sidara, show them door, they have very successful people on there board, if it's a right issue scenario, a fresh set of hands, there's folks out there better qualified at restructuring than current chaps.
Once suspensions activated and cogs starting turning, maybe resignations will rns.
Lots of scenarios in play, maybe further bidders, for a 6bn order book as such 35p seems a pittance.
Bank will get paid or they don't make profits on loan books,
Damn I need more popcorn, it a great play at minute.