Member Info for Isle

Shaml89 - your talking s%£t. No dept covenants have been breached but they have been extended/negotiated. But they have not broken any.

Have you ever heard of remortgage? Perfectly normal in my line of work to see people restructure and renegotiate debt.

There is no doubt that investigations like this and the ongoing auditing of the accounts is very bad sentiment. But ultimately we still don't know what the actual state of affairs is.

These things happening on face value don't look good and the fact the board "were minded to recommend " 35p take over offer if it does actually come does not look good.

But we will only know the value of the business once we know the outcomes.

Best just to bury your head in the sand until these are released and the share starts trading again.

I think this will trade again once accounts are published- the board have indicated this.

Its unlikely the results will be published, an offer comes in, put to a vote, results published, positive vote for takeover all happens without this share trading in the open market again.

Wood Group accounts flagged by watchdog as far back as 2017

This just gets worse and worse.

It's all well and good having these contracts coming in but don't be fooled. You can't overlook the current state of affairs.

James Oxford, you buy price, if any, is not in the low 20's. You are only fooling yourself old chap.

You have lost all integrity you may or may not have had.

I played the old course at the weekend with one of woods directors.

The outlook for the next 2 months looks much better than the weather we experienced.

Been a while since I last posted, I see this board is eating its self alive.

I hear rumours that a single digit offer has been mentioned by Sidara and the finance report will not be released till Q4.

Anyone questioning the credibility of this information - look at my post history.

That's me off again, see you all in September...

News incoming.

Someone with a real job in finance wouldn't spend half as much time on here as you, you either need to get some friends or a girl/boyfriend. You try and convince others with your half baked ideas and shout down anyone more intelligent than you that actually posts value.

I do have insight, I do have contacts but you will never believe that and quite frankly, I don't care. You sound and act like your a 17 year old living at home investing a few hundred here and there.

90% of my portfolio is in msci world index, wood takes up about 2% if my fun portfolio, it makes no material difference to me what happens but this website is anything but fun so this is my last post.

Goodbye all and good luck.

James

I'm amazed at how wound up you get by random posters, myself included. Lots

James Oxford is an out and out liar. Don't believe a word he says.

I thought I was back in Cappadocia with all this hot air being blown around.

Hello Hosai

I spoke with him this morning. No meaningful updates to report. Communication is ongoing, if an offer price has been suggested, he hasn't been made aware as yet. He said Iain is still getting up to speed.

In my opinion, and this very much is my opinion... I think it would be unwise to try and negotiate, accept or decline any offer until the review is complete and published, only then can a true and accurate 3rd party valuation be assessed. Sidara have the funds to buy out Wood at almost any (shareholder) acceptable price. Wood will not sell at an undervalued offer and may prefer to deliver value to long term shareholders by declining a deal and building the company back up over 5 years. Sidara have the money available to buy Wood now while it is out of favour or pay substantially more in 2-5 years time when things have improved. Sidara will take some risk but they wont take too much risk, that's not how the operate, so in my humble opinion I think it would be only fair for Wood Shareholders and Sidara to make an offer after the report so both parties get a fair deal, if the offer is accepted. I don't want to be bought out by Sidara next month for £1 when Wood could be worth £3 in 3 years time and paying a dividend, but that's my style and appetite. My contact in Wood is highly regarded within the industry, has had multiple job offers over the last year+ but has stuck with Wood because he believes in the future success, they have a fantastic dedicated employees and that's why I remain invested in Wood.

It was either Munger or Buffett that said for ever $ you make speculating you'll be lucky if you only lose $2. I'm invested for the long haul, as so are the other II. If an acceptable offer comes our way then so be it, but I'm not basing my investment decision subject to an offer.

Hello Dave, I hope the last 4 months of posting utter pish serves you well in the end. No offense intended, your posts are entertaining (not the same league as Froggles) but always completely pointless (unlike Froggles cryptic messages). Good Luck, keep ranting.

ChartaRex - no offence taken.

Trust me, Ive been involved in takeovers. A certain amount of information will be released, this will be reviewed and the bidder then asks for more, usually this goes back and forth a number of times but eventually they will hit a brick wall due to multiple reasons - legal kicking in fairly soon believe it or not. A publicly listed company cannot and will not give a bidding company information which would be deemed as inside information. Its not complicated, it keeps things easy and straight forward.

To try and use your "buying a car" example. Your correct, you would be unlikely to but a car you cant see, but some people do. Few takeovers happen with no exchanges.

Some people buy cars on pictures only (ebay?). This is face value information, some takeovers happen like this.

Most people buy a car in person. Most takeover happen with communication, negotiations and physical assesment of what you are buying.

No one buys a car by first taking it to a garage, stripping it down, seeing all wear and tear points, checking the air filter is present, phoning the pervious owners and garages that previously carried out the service etc etc. (I say no one but some people might try and do this).

Take overs happen with a thorough assessment of what you can see at face value. The history books will be shown, order books will be shown, certain financials will be shown, the rest is up for the bidder to assess.

No offence - but I wont be arguing this point again, I know the facts. (I say all this as someone who is Long and will still be Long in 5 years time)

ChartaRex - Sidara will not be privy to the report as it stands.

I can assure you that less than 10 people within Wood know what Deloitte have found so far and this information (at this point) will not be given to Sidara. Sidara will very likely find out when the market finds out. No matter what way you look at it - giving Sidara information about the review (positive or negative for Wood) would not be legal. They will be carrying out their own due diligence with the information Wood releases to them. Dont be fooled in thinking Wood will allow Sidara to view all areas, this is not how it works, legally speaking.

I think he is referring to the million shares sold.

And HelloDave, that is never going to happen. If they offered 90p it would be game set and match.

Of course not. Lucky if we see 80% of the bid price in the SP.

You are correct. I thought a quick ish sale would happen sub £1.

But why would my thoughts change?

Could some developments have occurred?