Member Info for Glowacki

It looks like the stock exchange is reluctant to have the shares relisted..My feeling is that the SEC are not certain Wood Group is a going concern..The accounts have not been uploaded on an RNS..One the shareholders have voted on 17/11 to approve the takeover and Sidera makes the emergency cash injection,the shares will be relisted..So some time to wait......

Another poor trading update from flooring company headlam plc.(5/11/25) No improvement in its business..Does not augur well for victoria plc

Chatbot..Yep if there is heavy selling just before trading update,it usually means insiders with prior knowledge of the update contents,getting the hell out of it...Hope I'm wrong!!!

4/11/25

Just over 10% final dividend announced today 4/11/23

Last year TU was on 7/11

Ess...they cannot trade their way out of 1.6usd billion of debt..They have no working capital to complete projects,hence emergency cash injection by Sidera on 17/11 without legal ownership of Wood until mid 2026...

The year end 2024 accounts have been published on their website (why are people saying it's not published) This effectively means shares relisting tomorrow Friday 31st October..Several possible bidders did step forward,but none actually made a bid..No offers on table other than Sidera...Good news is 30p is 90% secure as a bid.

The emergency capital injection into Wood Group by Sidera will take place immediately after approval of takeover by shareholders on 17/11/25...This effectively means any rival bidder has between publication of accounts,and shareholder approval to launch any rival bid..Just over two weeks..Very little chance of anyone stepping forward to make bid..We have to have fingers

Crossed that accounts do not reveal any nasties,as Sidera has left the door open for a lower bid if that does occur

Shelti...Reading between the lines.The company will reach it's revenue forecast,but expansion of it's cost base will mean subdued profits...

Sidera will in probability agree to a further extension Friday...If accounts show something unusual the bid will be lowered..If accounts reasonably clean then they will formally launch a 30p bid...Once it is relisted the market makers will want their piece of the cake and offer 28p to sell and 30p to buy...But the drama will continue beyond 31/10.

Most.. Company guided for pbt of £60m-£70m....Actual was right at the very bottom of the range at £60m..This,after the company downgraded at last trading update....Over the year profits have nearly halved and the SP has nearly halved..Today it's a fair value.

Revenues down 6% from 2024 and profits nearly halved..The outlook is highly uncertain,with promises of better times ahead by CEO but nothing to convince investors to buy the shares..

Confluence..Debt is currently £1.8 billion and it rose (not dropped) last trading update..Market cap £300 million..

Is a little more likely that Sidera will walk away,as Petrofac mid east assets can be cherry picked out of administration..This lessons the need for Wood Group

Wonder if Sidera will walk away and buy Petrofac instead for £26m...

Jedi...Buybacks serve the interest of the bank rather than it's shareholders...With dividends the company pay tax to government.With buybacks no tax payable..It makes the bank look more efficient and productive on the balance sheet inflating the board's egos..In practice it's the financial performance that moves the SP ..The reduction in shares to retail investors is nether here or there..But it is a huge waste of money

Last one out, don't forget to put the lights out!!!!

IF the accounts are published on 31/10(which l do not think they will) and the 12/11 resolutions are passed, Sidera is providing and emergency loan to Wood for desperately needed working capital..Once that is made,than no takeover possible...It effectively means any bidder has between 31/10 and 12/11 to examine the accounts and launch a bid based on account information (no chance of that happening) My feeling is no accounts published and eventually with the extended delays a lower bid will be made by Sidera.

Opul...Debts are nearly £700m...It would be prudent to cancel completely the dividend for a couple of years..The interest rate on this big debt pile increases when profits are to be lower than forecast when loan taken out as uncertainty to repay,makes the creditors jittery