Member Info for JamesOxford

@DarkNight Save your political Trump agenda for your mates at the pub. This discussion board can be pretty wild at the best of times so best not to bring political allegiances into play.

@brookieboy69 Of course Sidara (and lenders etc) can look at unaudited accounts that is standard practice.

However only audited accounts can be relied upon therefore discussions and negotiations around an offer between Sidara and Wood ought to be subject to audited accounts.

As an example, a lender can make an ‘offer in principle subject to audited accounts’. This is prudent.

@Funlovingcrim. Don’t bother all he will say is “Wooof….Grrrr where’s my dinner?!”

On a 3 hour train ride…can you tell? Lol

@Pennylots Unaudited accounts cannot be relied upon for obvious reasons. If Sidara bids based on unaudited accounts then Sidara has ‘balls of titanium’.

@Coldspy Agreed. In line with my response at 7:37 am today. Wood has rolled out the red carpet… But it will be Sidara who celebrates with the champagne!

@Wiggly. No price needs to be disclosed during discussions, until such time that a formal offer is made.

@Vulcan The reality is that Sidara is still at the table. Do you have other information?

I think it is you who’s mind is clouded due to your 30% plus loss.

Never invest more than you are prepared to lose. If you can’t afford to lose it, then don’t invest it.

Maybe you should sell out now and take your 30% loss as you seem very sure you will lose even more.

Anyway good luck with your decision either way.

@Coldspy this time it will be different. This time the RMS will be released at 7am most likely on Monday or if not then on or before the 17th. This allows institutional investors and other key players to top up early between 7:50am and 8am ie.before the main market opens at 8 am.

Last time it was clear that Wood did not want to sell and almost treated Sahara flippantly and without respect. This time Wood has rolled out the red carpet, quite rightly so.

Just to add, it could be that Sidara do indeed want to wait for the audited financials (this would be my recommendation to Sidara) in which case the extension will be approved, and Sidara will offer after the audited financials are available and while the Wood shares are in suspension.

IMO

@Vulcan aka Spock. Don’t worry your 30% loss will be recouped soon enough when Sardara make their formal offer.

@Thedetector. To answer your question about another bidder…

I have mentioned very early on that I think an institutional investor tapped Sidara on the shoulder and said if they were to approach again it is likely that Wood will sell. Hence, Sidara’s approach.

The above is evidenced by Wood’s own RNS which (unlike last time) did not say Sidara’s expression of interest was ‘unsolicited’: Therefore it certainly was solicited, make no mistake about it.

I do not think that any other bidders will come out of the woodwork, especially after the last fewWood RNS releases. In addition, if another bidder entered the frame, it would meant that they too would be in a bidding war with Sidara who already has a significant jump on them in terms of discussions, due diligence etc.

Therefore, I think the only way a new bidder would enter the frame is after Sidara pulls out and they have a clear run. As it stands right now, Wood is not an attractive enough takeover proposition for any new bidder.

More importantly, Sidara is Wood’s natural buyer. It is a proposal to buy all of Wood for cash. Clean simple. That is the best and most desired outcome for both parties.

Sidara has the upper hand in this game of poker and everyone at the table knows it.

IMO

@johnychainlocker I don’t have an opinion on the trade. It could be an entry error which has since been reversed.

@Vulcan Spock - I mean Vulcan your analysis is very poor...do you actually own Wood shares?

My prediction on the Wood share price was made BEFORE the car crash Deloitte draft review on Monday. That said, I stated very early on that I valued the Wood business at 85p-95p. I revised this upwards was Sidara's buyout to £1.50 to £1.85 (at a strecth maybe £1.95) due to teh Sidara-Wood synegies and cost savings etc. to be made. However, I have made it clear that based on the Wood review, I have since revised back down to my own earlier valuation of 85p. However, it would not surprise me if the offer end up at over £1. I only made known my prediction like alot of others here. Take it or leave it - I do not care.

The reality is no one knows what Sidara will bid, other than Sidara.

Vulcan - You are quite the joker if you think Sidara will offer 60p or less. Wood would show Sidara the door at 60p no wauestions asked. Then Wood will sell off surplus parts of the Wood machine if need be to stabilise the business, then carry out a restructure of the business. Easily done - then the Wood share price will rise accordingly as events unfold...of course none of this will occur as Sidara will buy Wood for a minimum of 85p.

So do you actually own Wood shares...or do you just like to put your oar in and make dumba** predictions on the offer price like 10p to 30p..!? You need to change your name from Vulcan...last time I saw Star Trek, Vulcans had intellgence....now Klingons on the othe hand would suit you to a tee.

Goodnight.

@LandOwner You claim no offer is on its way... How do you know?

Who here predicted the Deloitee draft review would be released on Monday? No one. The fact is Sidara and Wood are very serious. This is a tight ship. Expect the unexpected. An offer (or not) can land ANYTIME. Either be in it to win it...or watch from the sidelines and hang on to your mother's aprin strings.

@Thedetector I think you are right, IceCool did copy your word 'Goldfish'...

@IceCool, I think you should change Thedetector's word to describe muppets from 'Goldfish' (as Thedetector seems to think he 'owns' that word) to 'Pufferfish'...or better still 'Blowfish'. If you want any other ideas, let me know, I am sure I could come up with dozens at no charge! Lol

@Manfor. Agreed. However, with the Wood review, I have prefer to take the more cautious approach of 85p. I actually do think it will be more - but shhhh don't tell anyone!

@LandOwner Are you are short? You sure sound like it...

@IceCool Add to your list that Wood are still in discussions with Sidara.

@PokerChips. I don't think you should call IceCool iceshi*t. You are looking desperate now.

@CaptainSwag. Obviously Sidara had seen and reviewed the draft review and suggested (informally of course) a lowball price.

I think that is exactly the reason Wood released the DRAFT (rather than wait for the completed and signed off) Deloitee review in order to shock Wood shareholders and prepare them for a low Sidara offer i.e. under £1

IMO

@Shaml89. Refer to my post made at the start of this thread. In summary, Sidrara can strike now...or it would be prudent if Sidara waits for the revised and audited financials before making a formal offer.

Given what is currently known, and the dumb state of affairs that Wood is now in, I think Sidara can strike hard and fast at 85p per share and it will be accepted.

The alternative is to wait for the audited financials (Wood in suspension), and take a more measured approach - and bid while Wood's shares are suspended. The choice is Sidara's.

Sidara will know that while in suspension, Wood may well carry out certain actions which in fact make Wood stronger and better...and therefore more expensive to buy in a few months from now.

In my view, Sidara would be better served to buy earlier while sentiment is against Wood for a quick buy and cheap buy.

IMO

@CaptainSwag. If Sidara suggested, let alone offered less than 85p, then Wood would show them the door. No instututional investor would accept less than 85p per share. Period.