Member Info for Gord_1

I suspect some ii's have waited until the shorts have done the damage..... and then buy before the shorts can close. They can then maximise their investment and further justify the risk due to the upside... Just a thought ?

GGG - I'm not quite sure if your message was intended for me in response to my post ? I was simply pointing out that it would be nice if the Bod's trip to London had some good news prior to it, as I feel it would be a difficult conversation presenting to investors old and new when your company SP is at a 5 year low, thus his words will not provide any credibility otherwise. (Nothing to do with you, your average or how long you have been here). Just so you know, I've been underwater for a while (over a year) and looking for some positive news.

KG - After trashing the SP, company, pension schemes, peoples savings etc.......he then has the nerve to sell shares to pay his tax bill, albeit only small. Just shows you what type of person he is. He needs to go and anyone in the BoD who supports him.

Lets hope they give some good news before their London trip. It would be difficult conversations with investors when your SP is at a 5 year low.

CB is due an update at least ? Thought the deal would have been done by now ?

It appears no mass sell of from the ii's so all good for a big showdown hopefully. This would be a mega twist and most welcome.

News is overdue .....a good time to load up as "hopefully" it will be good when it comes.. Gla

....and the $150M pension surplus they announced they will take and have delayed until the Audit is complete. ( initial $50M ). I think if they can turn this around in the next few months, and with the SP rises and confidence is restored in their strategy, they could delay refinancing until next year. The BoD should really have a plan B which needs to be tabled to investors as I don't believe our only option is Sidera.

P119 - Ref the surplus pension fund - Page 232 of the 23 annual report. They hold very little Wood shares , mainly bonds and guilts. The 2024 half year report highlighted $366M surplus and if yields have increased this could be a tidy sum. IMO is Sidera do take on Wood, this surplus is up for grabs.

There is an option the BoD should consider:

The Wood pension fund invests mainly in gilts and bonds with yields generally high right now. There is a surplus of funds that can be taken by Wood on demand ($360m last count). If Wood have cash flow issues this year, recover some of that surplus to get them through this bad period of transition.

Wood should then aggressively use any spare cash to buy back shares at this low price and help get the SP up to over 100 and the business stable again, and then sell in a market order during 26 to repay some of the debt, and refinance the balance. If the lender refuses to refinance, then with a higher SP, do a much smaller raise in 26 thus less dilution. They should use this as an opportunity to use the market over the next 18 months instead of risking it all with Sidera. I suspect Sidera has already got its eyes on the surplus pension fund...as they are sharks and it can in effect be taken and the trustees cant do a thing about it.

Https://www.ii.co.uk/analysis-commentary/stockwatch-john-wood-start-recovery-or-dead-cat-bounce-ii533489

After reading this, It maybe that the CEO & Chair want to recover their own personal losses after the ex CFO opened the can of worms. How they achieve that we can all speculate but this article puts a little more context on the situation.

Wood should have listened to the Aussie's.! Sid are a bunch of sharks.

I think the take over panel should be alerted if you think about what's happened here:

SID have obtained a lot of key information during the disclosure periods to help them develop a cheap takeover strategy saving them billions and most likely sensitive info on the business. Its probably why the CFO was booted out. Its obvious they got something forcing a major audit. ( But this cannot be proved)

What's interesting however is that the CEO then washed the companies dirty pants in public before any audit was concluded.

He then further stated that our main competitor wants to inject $450M as a loan into the business...bless them which further "implied" that cash was needed, refinancing debt also needed and the company was in trouble. (Before an Audit or FY results concluded or released). A very clever tactic by Sid to force down the SP. This creates FUD and damages Wood massively and I don't know what customers would think of this also. Effectively Sid are crashing Woods credibility and financial stability at that point before the conclusion of an Audit/Results. The Bod however have not officially put out a statement regarding the rationale of Sids $450M loan right. Usually they previously responded with a counter statement.

He may think this was the correct action to take, but it clearly shows that a competitor has taken the lead by implying to the market that Wood is in trouble, without any guidance or comments from Wood to dismiss that fact or not.

So if company A want to buy Company B......company A should not really disclose or imply that company B is in trouble or requires financing ( if an NDA has been agreed) without company B disclosing it first. Wood have not released the audit or declared that they are in trouble or require $450M financing, its only Sid that have implied that.

Surely this must be against any take over rules or other such governance as it has crashed the SP. ?

Welcome your thoughts on this point.

Back in @ £23k.......GLA !

Novice - you stated :" you need to understand the context in which that and many others were sent sir/madam"

So its ok for you to call out my posts without context ?

You a bit of a bully boy ?

Massive - I emailed: gst@investor-focus.co.uk

No response :-(

Novice - I have decided to follow your strategy so thanks for confirming my thoughts about this company :

"This is nothing but a traders rollercoaster and I'm incredibly better off for it here and made some nice supplementary income over the last 3 dips and rises ! as long as people here don't go all in and listen to the conmen here then it's absolutely fine, I ve already turned an 80% profit and am now awaiting for the magical 1p to surely arrive again an set my 2p to auto sell... buy sell repeat as they say 😉 people here who talk of millions etc etc are living in cloud cuckoo land"

I think a lot of people have made some good points.......but this company in my mind is a scam and sadly I have done the research too late to find out. Just hoping it will spike again so I can run like the others.

There is very little financial transparency with this company. For example they purchased Semnet over a year ago with an inter BoD transaction of $1.8M mostly in confetti , a year later we have had absolutely nothing on its progress, financial state or strategy. If you believe they are being a good little Bod and not selling those constant daily chunks , then who is ? No trader or investor would buy high and sell low in such volume, thus it all points to the Bod and pals but happy for your opinion.

With £3.5M of confetti issued since Dec, and the BOD selling into any rise, this share is going no where. The Semnet listing may never happen as the outfit they were using to help get it listed , have dived 95% on their own listing since their own IPO 5 months ago. Bunch of clever ducking con artists imo and the more you research this lot the more negatives unfold.

Can I ask a question ? So the previous books need some kind of reinstatements or "paper" adjustments. How then can these adjustments justify the need of a pure cash injection of $450M right now.? Is it a bigger tax bill or something that could be negotiated or deferred over the next few years. I'm getting a bit confused about this $450M as their has been no profit warning or anything to suggest they can't keep the lights on.