Member Info for JamesOxford

@sham189 Just over 6 months ago Sidara was prepared to pay £2.30 per share. Do you think Sidara cannot afford 85p per share now...?! Lol

@PokerChips You are right of course with your last few posts on the car-crash of an RNS re draft review.

For me, I am in it for the Sidara offer. Period. It will come - whether before or after suspension, it matters not. It also matters not what the share price is between now and the offer. The offer will be well above the current Wood share price.

When I was last in and out of Wood - from memory November/December (in) to December (sold), I said on the way out that the CEO (with zero oil and gas experience) and BOD (current interim CFO excluded) of Wood are inept and out of their depth. My opinion has not changed.

That said, Wood - despite the executive team mentioned above - is a good business. Sidara knows that and is still wants to buy Wood.

Many here think Sidara is playing a game. I don't.

All of this chaos has been caused by Wood and Wood alone. The buck always stops with the CEO of any company, with resposbility comes accountability...

The fact is that Sidara is Wood' knight in shining armour riding in to save the day. Like it, or lump it.

All Sidara needs to do is bide its time and make a formal offer of X (circa 85p), which will be peanuts...and Wood shareholders will be happy enough. It is Sidara who will be left to make the changes needed and when completed, Wood will once more be the great company it once was.

In a few years from now, we will all look back at the sucess Sidara has made of Wood, and think how on earth did Sidara buy Wood so cheap. Then we will remember...oh yes...Kenny-boy.

@BeardedDragon Didn’t think so. I think, if you have any Wood shares, you should sell up now. You seem overly concerned sound quite desperate for some type of guidance. BTW I am not your financial advisor….or wet nurse.

@BeardedDragon You have your opinion and I have mine. Don’t follow me unless you have balls of steel.

BTW I like how you mentioned JD Sports I actually dumped that stock quite awhile back at a small loss but didn’t have that much invested anyway just a small punt. Funny how you don’t look at some of my other investments such as. Prudential Plc which I bought at £6.

Don’t try to pretend you know my trading history or the stocks I am in as I only have a few that I mentioned on this LSE discussion board website.

Invest where you want. Frankly, BeardedDragon, I don’t give a damn.

@Forwood To me a lowball final offer is 85p. Take it or we walk. Wood will accept it.

@Vulcan Like I said you have your opinion and I have mine.

Don’t lose any sleep over it. It’s only money said Captain James T Kirk to Spock. Lol

@Vulcan You have your opinion and I have mine.

Sidara is back at the table. Sidara has not pulled out. Sidara would have had access to the draft review for a few days or at the latest on Friday last week so they know what they are in for and they have still not walked away.

Everything is for sale for a price, even that cheap lamp in your bedroom which you bought for £5 last year.

I know Sidara will buy Wood and I will at least double my money but more likely triple my money in this investment. I sleep very easily every night… unlike some of the nervous private investors here. There is no way I will sell my wood investment as Sidara will very kindly buy them off me for a premium.

Sidara who offered £2.30 6 months or so ago will buy a great company for peanuts now. It is an absolute no brainer.

Anyone who knows anything about the deal knows the above to be true. Those who don’t haven’t been involved in senior executive decisions like this before. This will play out to its natural conclusion.

BTW It is in Sidara’s and Wood’s Best interests if Wood goes into suspension while these negotiations play out and the shares are locked. No more rollercoaster rides in terms of share price increases and decreases on a whim! Lol

IMO

@Nascan Do you have rocks in your head? Sidara will not offer 20p as it would not be accepted by anyone. Wood will not go bust. Keep it real.

@Forwood The RNS was released in the way it was in order to prepare shareholders for a lowball offer. That’s all. Besides there is no way to sugarcoat that review, so best to tell it like it is.

@JackDawr Sidara wanted a quick buy however could not make a formal offer until a couple of hurdles were overcome i.e. the review and audited financials. Both of which took far longer than expected. Sidara will bid, I will not rehash the reasons why but if you are interested, take a look at the post. I made late last night on the subject.

If you don’t believe Sidara Will make a formal offer then my advice is to sell up and move on. Also, if you do not have balls of steel, my advice is to sell up and move on. Either way, stop wailing and crying like a blubbering baby.

@Vulcan I already posted on why I will hold shares into suspension late last night and under a title very similar to the one you dreamed up a.m. today.

If you believe Sidara will make an offer for wood, you will hold until the offer comes suspension or not. It makes no odds to Sidara or its bid. I outlined all of this in my earlier post late last night.

I am confident Sidara will buy Wood for obvious reasons.

This is no gamble - just a sensible play.

If you want to play safe, then sell up and put your cash into a term deposit with a bank and make 3 or 4% interest per annum... or put your cash under your mattress. Lol

Be greedy when others are fearful.

IMO

@Blehbleh 'Are the audited accounts not a pre requisite for a firm offer from Sidara?'

In short - no.

It is up to Sidara as to when and under what circumstances it decides to make a formal offer to Wood.

It would be prudent for Sidara to wait for Wood's audited financials. However, it is entirely up to Sidara...they may or may not think it is needed before they make a formal offer to Wood. It depends on Sidara's negotiations, due diligence, attitude towards risk, apetite for the deal etc.

We will know soon enough.

@Mumbo_Jumbo 'Let's just ignore the minor detail of creditors not extending the waiver beyond the end of April.'

Wood's RNS was pretty clear:

'Given the timing of the Review and prior year adjustments, and the extensive work needed to conclude the audit, it is now expected that the Company will not publish its FY24 accounts by 30 April 2025. In that case, the Company's shares would be suspended from trading from that time as work progresses towards completion of its FY24 accounts. We remain in constructive dialogue with the Group's lenders regarding refinancing options and will engage with lenders in respect of the timing of our FY24 accounts, including putting in place appropriate pre-emptive waivers under our committed debt facilities.'

Translation: Obviously Wood's lenders will grant Wood an extention of waivers.

IMO

@Onlyprofit I also expect Sidara to offer this week, or by Monday at the latest.

However, Sidara have mentioned 'unofficially' that they want to see the completed Deloitee's review (so far they have only seen a draft) and audited accounts (so far they have only seen unaudited accounts, which now need to be revised to incorporate write-downs).

I would say that it is prudent that Sidara wait for the above. Sidara want to buy a known business - they too have private shareholders who will want to be sure that Wood's financial position is sound. However, that is tempered by the fatc that SIdara wanted a quick buy in order to retain Wood talent i.e. employees.

This is why I think if Sidara do not make a formal offer by Monday, they may request an extention and allow Wood shares to be suspended. It matters not to Sidara whether or not they make an offer now, next week, or when Wood shares are suspended. Sidara hold all the cards.

IMO

@Chase1 Sidara's offer will be as it is currently - under the RNS of an 'expression of interest' - to make a cash offer for ALL of Wood.

When/if a Wood suspension occures nothing changes (oher than Wood shares cannot be traded). Re-read my earlier post...Wood shareholders still invested dureing the suspension period will recieve cash at the agreed price per share (hopefully 85p or above).

IMO

Just to add, under Point 2, the shorts will have to close before Wood's shares are suspended.

The reaosn is that clearly Sidara's final offer will be accepted and recommended by Wood to shareholders, and that price will be north of the current Wood share price. When that occurs, the shorts will be burned badly.

The shorts must sell between now and 30 April (Wood suspension day). This means the Wood share price will increase at some point between now and 30 April as all shorts close their positions.

In summary, the Wood share price is unlikely to be lower than 30p between now and 30 April as shorts close. Unless of course, some private investors sell out as they do not want their investment 'locked' during the suspension period...no doubt any such shares will be scooped up by Wood's institutional investors as they await Sidara's final offer.

As I mentioned in my earlier post early AM today, all that matters is the Sidara final cash offer for all of Wood. The rest is noise and a storm in a teacup.

Be greedy when others are fearful.

IMO & GLA

@IceCool No doubt you will stay invested should Wood shares become suspended...we can discuss whether or not the latest Sidara price is high enough, and how much profit we will bank! Lol

The reasons I remain invested in Wood until Sidara makes a formal offer are two-fold:

1. I believe Sidara will make a bid before 17 April.

2. If Sidara do not make a bid before 17 April, Sidara and Wood will request an extention in order for Wood to view the revised and audited accounts. Sidara always wanted to see the review and audited accounts these were the 'couple of hurdles'. Sidara will want to know the size and scale of the write-downs via Wood's newly revised and audited accounts. Once the revised and audited accounts are known, Sidara will make a bid.

If No 2 comes to pass, Wood shares will be suspended from 30 April onwards while their accounts are revised and audited. This means that anyone not invested will be well and truely locked out due to the suspension of Wood shares, and therefore will be uable to buy or sell Wood shares.

Further, and most importantly, despite the Wood suspension of shares, Sidara can still acquire Wood. Once the acquisition is completed, Sidara will no doubt delist the Wood shares. Obviously while Wood shares are in suspension, Wood shareholders cannot trade their shares - but still retain ownership and any rights associated with those shares i.e. voting rights and cash for shares should Sidara buys Wood for £X per share.

I am 100% sure Sidara will bid for Wood. No one knows how much - but for me a minimum of 85p is expected...anything more would be a bonus.

Sidara want to buy Wood for obvious reasons. Wood's institutional investors want Wood sold for obvious reasons. The sale will happen, it's a case of when and the price.

Does Sidara care if Wood shares are suspended or not? Absolutely not. With Wood shares suspended, it means that if there is any leak/s on suggested bid/s (or and back and forth bids) i.e. while the shares are in suspension - the Wood share price is effectively frozen - it's locked. No more roller-coaster rides for the Wood share price, which works in Sidara's favour. Only those Wood shareholders still invested during suspension will win - based on the final price agreed between Sidara and Wood. Those on the outside (not invested) are 100% excluded from the ball game forever.

Personally I would rather be inside the tent where the action is, than watching helplessly from outside.

GLA!

@Tbhatt I would say if Sidara makes a formal bid before the audited financials are ready then the bid will come between now and Monday inclusive and the bid will be for 85p. If correct this will be approved and recommended by Wood to shareholder.

If no bid by Monday then I would say an extension is on the cards and Wood will have to provide them with audited financials before a formal offer is made.

IMO

@Denzililll Fair analysis. Sidara bid in a week (for peanuts)…? Or does Sidara wait for the audited financials…? Interesting times indeed!