Member Info for Hosai

Wood would be slightly less likely to grant an extension unless they really think Sidara are serious considering Sidara cancelled after an extension last time.

Well as I said yest Fri after market/eve would have been prime time to release any (temporary) bad news of no deal but thankfully no such rns appeared.

I don't think that can explain it, the other stocks that dropped out from ftse 250 didn't drop that much at the UT and should have been priced in to a degree. However, I'm still hopeful for positive news.

Have to hope for no news today as one would think Fri post-market would be the time to bury bad news.

Hmm, it could mean something, but equally the sp was dropping when the FT broke the Sidara re-approach, it seemed the market had no idea.

Looks like that tranfer out a few days ago from Blackrock that made them go from 7.5% to 6.8% or so went to L&G.

"Well it certainly did when I worked in the UAE for over 10 years. Everything stopped for Eid."

I doubt they would have approached now if the religous holiday timings were going to be that disruptive.

For what it's worth I have an ongoing AI chat on chat gpt and deep seek regarding Wood with all the ft articles and key rns' plugged into it etc and even now it only gives around 10-15% chance of extension.

If that was so I'm not sure would be allowed and certainly foolish if the ceo didn't let the market know the price they rejected.

"so many stars have to align to make the deal happen"

What stars have to align that go beyond the average potential takeover?

I'm not sure there hasn't been any form of offer, as far as I understand it only would have to be rns'ed if officially rejected. But if negotiating it would not count as rejecting and needing to rns.

The original FT article leak from 24th Feb said "The talks were ongoing on Monday morning", would be very surprising if no bid price ideas had yet been pinged back and forth between sidara/wood bod/wood large investors.

I find it to be unusual that there are still no leaks at all in any direction such as "close to making offer" "about to bid", "have made a bid" "talks have ceased", "are now unlikely to bid". The earliest FT articles on the approach seemed to find no difficulty with insider leaks.

Either they are discussing/negotiating things and keeping it extremely well under wraps or nothing is happening at all and Sidara haven't even made any kind of offer, I find the latter much harder to believe though with their such strong intent back in the summer and long due dilligence and now to have returned 6 months later pretty much as soon as was feasible.

"am also sitting on the sidelines having booked profit earlier in the week."

You don't need to tell us that from your posts...you were talking it down just before the approach was announced when it was in the 20s.

"Private equity firm Apollo, which tried to buy Wood for £2.2bn in 2023, is not expected to pursue a rival bid this time, according to people close to the company."

Maybe due to it being known they were going to make a significant investment into that other energy company as announced today.

US markets up a lot in the last hour, maybe the Ukraine/Russia partial ceasefire talks.

Advfn is a very strange place, for some reason always attracts more shorts than LSE.

They would have waited till the Delotte report was out if that was the case as there is no certainty when it will be done. If not given an extension they would be locked out from making an offer for 6 months so why risk that.

I think theyve slightly reduced actually? Had 7.48% now 6.8%.

I am very surprised no leaks at all when the original FT scoops seemed very open to leaks. Would have thought even if no news there would be a 'pointless' article stating something like "sidara still mulling takeover but debt a concern".

Some of the rise could be due to natural re-rate of sp after the huge fall. Over a month on from the valantines day massacre I'd be very surprised if it had been the case that if no Sidara approach had happened that the sp would not have recovered to the 30s by now.