Member Info for JamesOxford

Shorts have to exit soon, within days now.

IMO & GLA

@shaml89 Why do you care what happens with Wood and its share price? Why are you so triggered by market movements?

@shaml89 You are sham by name, and an utter sham by nature. Enough said.

@BeardedDragon ‘Having myself worked in the Financial Services sector in the Arabian Gulf for 18 years until recently, I would not trust the board of Sidara as far as I could throw them.’

Why have you made this statement? Can you elaborate?

Although Wood has breached loan covenants we do not know the specific detail behind these breaches. We do know that Wood are in discussions with lenders.

WG will be able to demonstrate to their lenders that they have taken the necessary steps to address the current situation and any concerns therein. The interim Wood CFO is experienced and will be across the issues and draft findings, and will be working on addressing these in line with lenders’ expectations.

Lenders will work with Wood towards a commercially balanced outcome but will be very surprised and concerned about Wood’s past reporting practices highlighted in the draft review. Behind closed doors lenders will be somewhat sceptical about certain aspects of Wood, which means future Wood forecasts and financials will be thoroughly scrutinised by lenders for obvious reasons.

That aside, overall Wood’s lenders will be positive towards Wood.

Along side of this is the Wood and Sidara discussions. Sidara have already made a conditional offer and that was deemed appropriate enough for Wood to enter discussions and open the books to allow Sidara to carry out due diligence. It is likely that Sidara is already across the expected or recommended write downs and has factored these into its formal offer of cash for all of Wood.

Sidara is still at the table. A deal is to made soon. I expect an offer 7am Monday 7 April or 7am Monday 14 April.

Meanwhile, Wood share price is up and down like a yo-yo. It matters not. All eyes are focused on the deal.

IMO

Back to work now.

PS Be greedy when others are fearful!

Just added at .2565p. A licence to print money! Lol

Looks like I’ll add more shortly! Lol

Added at .2585p. Great price…be rude not to. Lol

@Acootttyyy The market opens at 7.50am to 8am to allow the big players to trade. The market opens at 8am to the general public.

Do you not understand that yet?

Acotttyyyy You need to re-read my posts. Either that or visit spec-savers.

You are quite the desperado.

My advice to you is that you let go of your mother’s apron strings and stop your pathetic blubbering.

@Accotttyyyy What makes you think my prediction of a minimum of 85p is ‘wishful thinking’?

Do you seriously believe Wood is worth only 40 to 50p? If you do, then you have rocks for brains.

Not quite sure why my last post said ‘I am jealous’ at the start. It must have picked up someone else’s voice as I did my commentary. Lol

I’m jealous It is clear Sidara wants to buy Wood. Sidara has deep pockets. The current Wood share price is irrelevant except for new buyers. Those investors who hold Wood shares now ought to be only interested in the Sidara offer.

I expect Sidara to offer by 17 April. If not then extension until Wood audited accounts ready, then Sidara will make their offer while Wood shares are in suspension. Wood institutional investors want to sell so I expect the offer to be accepted.

Game, set, match Sidara.

@ShamI89 ‘Let them announce that Sidara has walked away and see where Shareprice goes!’

What evidence do you have that states Sidara ‘has walked away’?

You look, smell and sound like a troll.

Just a Just an observation…I noticed that the last two RNS On the extension followed by the draft review, were made on Monday 24th March and Monday 31st March both at 7 am. If the trend continues, then we can expect news at 7am on Monday 7th April or Monday 14th April.

Personally, I think it will happen 7am on Monday 7th, and if not on Monday 14th.

@helloDave. 'Sidara need to strike now with a winning blow'

Agreed. The RNS Deloitte draft review was released on Monday. No doubt Sidara aleady had eyes on this draft review before the RNS as part of their due diligence.

Despite the draft review, Sidara is still at the table.

As mentioned no one knew or predicted the draft review would be released on Monday. Equally, no one knows or can predict when Sidara makes a formal offer (or not). This is a very tight ship...no leaks anywhere. We do know, however, that an RNS has to be announced before 5pm on 17 April.

@Surin 'IMO it's a slight risk for Sidara to wait for suspension, once the full accounts are out and hopefully more certainty around the debt situation the large Wood investors may start to view things differently and want a higher buyout price or even no sale at all if they think a re-rate can happen.'

Good post. Agreed. There are 4 possible scenarios as I see it at the moment:

1. On or before 17 April: Sidara makes a formal offer without caveats to close the deal. End game.

2. On or before 17 April: Sidara makes a formal offer subject to audited accounts. Wood takes Sidara's offer under consideration. Wood can then choose whether or not to request an extention. If an extention is granted, Sidara and Wood continue negotiations while Wood shares are in suspension (no more Wood roller-coaster rides on share price). The Sidara deal would probably be agreed while Wood shares are in suspension, in which case when Wood shareholders vote in favour, Wood shareholders who remain invested during Wood suspension receive cash for their shares. End game.

3. Sidara make no offer before 17 April but requests an extention instead. However, in this scenario, Sidara takes a real risk in that Wood could decline, and instead use the Wood suspension as an opportunity to improve its business and financial situation as well as regain much needed trust and confidence with stakeholders, employees and shareholders via RNS updates etc. while the Wood shares are in suspension, which ought to drive the Wood share price up when it comes out of suspension. Result: Wood is more attractive to bidders, or does not desire to sell.

4. Sidara walks away without any offer, and cannot return for another 6 months. If that happens, Wood ought to not entertain any further interest from Sidara, and instead focus on the improvement of its business and finances. Result: If Wood business and financial situation improves then immediately after the Wood suspension, the Wood share price increases significantly, and Wood re-enters FTSE 250 within 3-6 months after suspension finishes.

IMO

@Vulcan All I did was replay your exact words back to you...a fundamental shift from your thinking now vs your very first post only 2 short weeks ago...where you said 'profound' statements such as 'Make decisions today that you won’t regret tomorrow. Easier said than done, I know—but if you learn to make time your ally, it pays handsomely.' Funny how you now throw dirt at anyone who is quite happy to stay invested in Wood...

Hmmm, I think Vulcan you are not only a turncoat, but a rat...a SHORT no less!

As a reminder to everyone here, Vulcan the turncoat's first ever post was pro-Wood (100% pro-Wood)...here it is posted by Vulcan homself at 9.45am on 19 March in its entirety:

'Good morning, minions (and the rare gentlemen lurking among you).

I’ve been watching this board for a while now, silently observing the madness, and finally, the urge to post has overtaken me. Frankly, the sheer volume of questionable advice from a select few has me convinced they’re either unemployed, living rent-free in their parents’ basements, or simply AI bots sent to test my patience. Some of the nonsense I’ve read wouldn’t even pass as financial advice at a pub after eight pints.

Now, a little about me—I’m no spring chicken in this investing game. Cut my teeth before the dot-com crash, survived, and learned a thing or two along the way. New to holding Wood shares (26.3p average), but let’s just say I’ve been around the block. For those who think I’m past my prime, let me just mention: I’ve been holding Bitcoin since 2014 and never sold a single satoshi. Yeah, let that sink in.

So, why am I posting? Because this is one of those rare moments—the kind where, years down the line, you’ll be kicking yourself if you don’t play it right. I wish someone had knocked some sense into me when I held Amazon at $10 and Apple at $3. So here it is, plain and simple:

HOLD. DO NOT SELL A SINGLE SHARE.

Time in the market beats timing the market—always has, always will.

If a deal happens, you’ll be bought out at a premium.

If a deal doesn’t happen, give it five years, and you’ll be looking at a very different share price—one that makes today’s prices look like an absolute joke.

I’m not saying Wood is the next Bitcoin, Amazon, or Apple. But what I am saying is: your future self won’t care whether you bought at 45p or 35p when this stock is sitting above £2 down the line. What your future self will care about is whether you had the patience and nerve to hold.

Make decisions today that you won’t regret tomorrow. Easier said than done, I know—but if you learn to make time your ally, it pays handsomely.

Now, back to my coffee while some of you continue posting at a rate that suggests you’ve never actually worked a day in your life.'

In my view Vulcan is a clearly a short.

#VulcanBusted!

@Vulcan 'Thos could easily be sub 20p going into the suspension. The price action says it all. No faith'

After what a lot of people have posted about you - I thought I'd have a quick look at your post history: Your started in March 2025 and have made 41 posts...all on Wood. Since your first post on 19 March...only 2 short weeks ago...

This is partly what you said (it was a very long-winded pro-Wood post) on 19 March:

'HOLD. DO NOT SELL A SINGLE SHARE.

Time in the market beats timing the market—always has, always will.

If a deal happens, you’ll be bought out at a premium.

If a deal doesn’t happen, give it five years, and you’ll be looking at a very different share price—one that makes today’s prices look like an absolute joke.

I’m not saying Wood is the next Bitcoin, Amazon, or Apple. But what I am saying is: your future self won’t care whether you bought at 45p or 35p when this stock is sitting above £2 down the line. What your future self will care about is whether you had the patience and nerve to hold.'

Fast forward 2 weeks and you post at 3.29pm today: 'Thos could easily be sub 20p going into the suspension. The price action says it all. No faith'.

Make your mind up old chap...you are looking rather silly...and I don't mean your pointy Vulcan ears! Lol