RE: Intrinsic Value27 Mar 2025 18:13
@IceCool 'I reckon the opening offer lands somewhere between 140–160, but the board won’t bite easily. Realistically, I think they’ll feel pressure to accept something in the 185–200 range. Anything below that and it’s likely business as usual with the SP recovering naturally over the next 12–18 months once the dust settles. I don’t think they will get a huge discount, like some folk are suggesting.'
Just read your above post. I think you are right - more or less - with your predictions. Very balanced view. My thoughts are currently as below:
I think Sidara's offer was £1.50 to £1.85 (maybe even as high as £1.95) subject to a 'satisfactory' Deloitee review. This was enough for Wood to open discussions and their books in order for Sidara to carry out due diligence.
If Wood can demonstrate to Sidara via Deliotte's independent review that all is better than satisfactory and more towards the favourable side, then the Sidara offer may (i.e. ought) to be revised upwards to circa £185p (maybe even £1.95).
However, if the Deloitee review is unsatisfactory then all bets are off, and Sidara may hold at the minimum offer of £1.50. If no deal, then Sidara will walk if the review is bad, never to return to the darkened corridors of Wood again.
Of course, none of us here have access to the same information as Sidara - so it's all guesswork.
Regardless of the above, there will definately be a deal made between Wood and Sidara as the upside for both companies is clearly considerable!
IMO
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