Member Info for JackDawr

I dont think a bid is coming, it would of come by now, Sidara did not wait around so much last time, And the fact they backed out last time indicates they are skittish

if nothing comes by friday im out,

Sidara probably pitched a lowball offer, Wood likely countered with a higher ask and asked Sidara to wait for the Deloitte review to justify the higher ask.

im expecting £1.35

Im sittin on a small loss for my JD position and thinking of selling out the atmosphere for UK is so gloomy , the NI rises are yet to hit and im feeling like Reeves mini budget is going to tank UK stocks and economy even more

Assuming 692 million shares in issue and 600 million needed to stabilize Wood in the near term and the 2.30 bid from last time which it seems Sidara was uncomfortable with it does appear a bid of around £1.00-£1.30 is likely.

A few of my other UK stocks seemingly dumped into the close, alot of selling on London Stock Exchange today, so I would expect that explains part of the WG. sell off.

even if Sidara walks and share price drops to 25p surely thats too cheap, and we had the buffoon from Jefferies putting a 50p price target

Given that alot of due diligence would of been done last year by Sidara it makes no sense why talks this time would be stretched out right until the deadline. The only conclusion I can come to is Sidara are pitching lowball offers and/or BOD dont want to sell the company

Isle good post thanks

Indeed if Sidara have so much cash why not just offer 1.80 or even 2.00 and seal it, if they value Wood so much why play hard ball for a , say, 0.50 difference in share price

Are they willing to risk a deal for the sake of a ~400 million difference in buy price

They have to agree a deal they cant re-finance debt with share price down at 25p and they cant raise capital through issuing shares

If theres a bid, the shares are going to shoot up,

if theres no bid or its rejected the share price going to tank back to 25p and major shareholders are going to be spitting blood at the BOD,

How is the company going to secure further financing with the market cap at ~200 million

If this stock is so under valued and so many large whales are buying, why is the price still around 40p?

The thing that worries me is that *someone* is putting shares up for sales at 40p, who would do that if we all know a bid is coming?