Member Info for helloDave

4.3 million buy at 11.55am

No idea who bought, but if you go on yahoo finance you can see on big buy if 4 million shares

There is a 4 million shares buy showing on yahoo

Strong tree shake, hope the shorts are satisfied

Looks like shorts are trying to get out, and sellers are cleared so will consolidate upwards

If it makes you feel better I topped up at the top of range at 31.8 this morning... Lol

Oh well, the price will triple from here so not bothered

Time to load up, new ISA years here for PI expect a lot of new positions being taken ready for offer and shorts trying to get out

Sidara need to get the high bid in now and get the deal done

Rothschild's and the energy elites will bail Wood out, if the company folds the fall out to the industry could cause a stampede.

Either way Wood are golden.

I understand the point of Sidara caring about the accounts, Sidara want the staff and talent, with the current and future contracts paying the cost of take over.

As far as negotiation is going it's Wood that are most likely trying to increase value to justify a higher price after the last takeover bid last year as that is what is expected of them as part for the course.

However in truth, Sidara will already have a price inind and they are waiting for Wood BoD to stop their shenanigans which is very soon. We should have the offer price within a day/days.

Releasing the takeover price now before the suspension would be the best way to ensure the major shareholders are onboard.

Sidara have the upper hand but they still need to satisfy the decision makers

All things considered, it seems the takeover is the best thing for both Wood and Sidara.

Acknowledging that its auditors were fed “unreliable information” did nothing for its already bombed out share price, which plummeted to a miserly 28p, valuing the group at just £194m.

Wood’s change of fortune harks back to the 2017 acquisition of Amec Foster Wheeler which brought with it a lot of problems that the company is still addressing.

A strong pipeline of orders and lots of promises from the board was enough to keep investors interested and in 2023, Apollo Global Management made five approaches to acquire the company, culminating in a proposed all-cash deal at 240p per share, valuing it at £1.7bn. It eventually walked away having suffered enough rejections, and the light of recent events must now be thinking it dodged a bullet.

Wood’s board responded to Apollo’s decision by saying it remained “well placed to deliver substantial value for shareholders”.

There followed more approaches, this time from Dubai-based consultancy Sidara, which must also be expressing relief that it was knocked back with a final offer just shy of Apollo’s.

However, Sidara is still at the table, conducting due diligence, and has been given until 17 April to decide whether to lodge a firm offer.

Sidara’s continued interest must mean it is focused on the underlying value in what is, after all, a big global business with a long-established record that has clearly lost its way.

https://magazine.dailybusinessgroup.co.uk/2025/04/01/wood-group-appears-destined-for-dubai/

UT at the upper range. And short reductions. Looks like smart money are getting ready for bid

Someone is filling up, looks like a shake and bake

The whole game has played in Sidara hands.

They just need to float a decent offer and get the major shareholders to push, so expect a nice price soon, before Wood has a chance to get their act together

Hello Sidara my old friend, it's time for takeover again, I can't wait for your offer, and smiling board and stakeholders, and PI making bank, it will spank, for the sound of money

So a 100 to 200% profit from here... I'll take that any day

@Pat2014, I read that statement as call to major holders that such a price offered again should be taken.

From this current price I am very bullish

Sidara have won, the Deloitte report was the Ace card they needed for a royal flush.

200 inbound and done asap