Member Info for JamesOxford

I have reported Talies (aka Tell-lies) for providing his personal information, i.e. phone number and WhatsApp and attempting to recruit posters on the Wood discussion board to some type of investment or Ponzi scheme, which is in clear breach of terms and conditions.

@Talies (…short for Tell-lies…?) This Wood discussion board is not the place to provide your phone number and WhaysApp details with ‘promises’ of riches aka recruit suckers for your Ponzie scheme.

Anyone who WhatsApp a random stranger called ‘Talies’ on this board with their private phone number etc has rocks for brains. A fool and his/her money will soon part ways.

IMO

After the RNS the shorts are sailing close to the wind...

Shorts who hold out 'hope against hope' that Sidara will not buy Wood are gambling pure and simple. Not only that shorts are betting against the house.

IMO of course.

Key takeaway's on RNS:

First RNS: Initially Sidara made an 'expression of interest'.

Second RNS: Subsequently Sidara made a non-binding, conditional proposal from Sidara related to a possible cash offer for the Company. With the standard caveat of no guarantess an offer would be made or the terms of such an offer.

Summary: Sidara and Wood have clearly been in discussions, and Sidara has carried out due diligence and made a cash offer of £X subject to satisfactory Deloitee's review. Wood has agreed to the cash offer in prinicpal - otherwise Wood would have declined Sidara's offer and said as much, probably earlier than today.

Next step: Extention in place until 17 April. This means Deloitee's will have the review completed and signed-off within the next 1-2 weeks. Wood is confident that there will be no material impact - if correct, then...

Outcome: Expect a quick and sharp RNS that Wood recommends Sidarra's offer of £x (well over £1) to shareholders before, or at the latest on 17 April.

I expect the Wood share price to rise today on this RNS. The deal will happen, it's a case of when.

All IMO of course.

If the news release is true on the extension is correct, then it is confirmation of the main 'hurdle' I mentioned/suspected very early on i.e. the hurdle being the pending Deloitte's review.

If the RNS confirms the extention, then the Wood share price should increase on Monday in anticipation that - subject to a satisfactory Deloitte's review - Sidara will make a firm offer that will be acceptable to Wood BOD and shareholders.

All to play for here.

GLA for Monday and beyond!

@Rock8 'Hopefully we get an open around the normal trading close 39.9p?'

I doubt this will happen. The open will be either up or down, due to the Wood RNS which is likely be released 7am Monday:

If the RNS explains that the Sidara buyout of £X is recommended by Wood BOD - then big investors/traders will be in auction from 7.50am to 8.00am and the Wood share price will rocket upwards to just under the offer of £X (which by the way will be well over £1). Private investors can only trade from 8.00am onwards, so would have largely 'missed the boat' in terms of profits to be made from the current share price of 38p.

If the RNS explains that the Sidara-Wood negotiation period is to be extended, then it means Sidara and Wood are happy to continue discussions, and the Wood share price should increase (especially if an offer of £X has been included in the RNS).

If the RNS explains the Sidara offer of £X has been rejected by Wood's BOD, then it depends on the RNS as to whether or not the Wood share price increases, remains steady or decreases. A positive RNS will for example explain that: Wood rejects buyout offer of £X as it significantly undervalues the company; and then continues to say that the Wood refinance of debt is imminent; and that the Deloitees review is due to be completed on X date and expected to have no material impact. Such an RNS should help keep the Wood share price steady at least. On the flip side, Wood's RNS may not be 'bullish', so a simple RNS rejection of Sidara's offer may be short and to the point, which will be viewed negatively by the market and therefore have an adverse affect on the Wood share price.

My own thoughts are that the Wood BODs have run out of road and are under severe pressure by the intutional investors to sell Wood to Sidara. Therefore, Wood will release an RNS at 7am Monday with Wood's BOD recommendation that Sidara's offer of £X be accepted by shareholders. If that happens, the Wood share price will rocket upwards to just below the offer of £X and all current Wood shareholders will benefit from this buyout. Not only that, but Wood will be a more stable and properous company under the Sidara banner, and Wood employees will have job security, heck maybe Sidara will even restore or partially restore Wood employee bonuses.

Roll on Monday for the latest update!

GLA

Drop in Wood share price to the 'magic number' of no more than 40p, was due to FTSE 250 tracker funds selling out.

Smart institutional investors would have snapped these up.

Deal or not deal, Wood is a steal at circa 38p anyway.

Monday it is. Enjoy the weekend.

@robbdabank 'So, if an offer is submitted but not publicly disclosed, it does not have to be RNS’d unless a leak or market speculation forces an announcement. However, if the offer reaches the firm intention stage (Rule 2.7), then it must be publicly announced.'

Hence the important of no leaks. At this stage, the ship is water-tight, no leaks anywhere. Quite a feat in this day and age!

All bets are on the RNS...deal or no deal.

Place your bets, ladies and gentelmen, place your bets...! Lol

@valueseeker Fair points all. However, overriding this is that Sidara has been here before and have come back for one last crack...

Sidara wants Wood and is the natural buyer. Sidara wants Wood in its entirety under an all cash offer. In terms of qualified buyers for Wood, it does not get much better than this. The sunergies between Sidara and Wood is obvious.

As for the CEO of Wood, I think everyone here knows my opinion of him - completely out of his depth, always has been, always will be. The CEO has run out of road, and has no credibility with shareholders - large or small.

I can understand why those who have sold out have done so. After all, 'a bird in the hand is worth more than two in the bush' and all that.

I am happy to hold and let this play out to its conclusion...it's an interesting match so far!

Let's see if the CEO of Wood provided the right advice to Wood shareholders when he announced in the RNS that Sidara has expressed interest, and for Wood shareholders to hold...

I note that the key word 'unsolicited' was not mentioned in that RNS (unlike Sidara's previous approach which was clearly marked as unsolitcited), which leads me to conclude that Sidara'sexpression of interest was solicited...most likley by one (or more) of Wood's disgruntled institutional investors in light of Wood RNS financials and subsequent share dump to the low 20p mark. If correct, then Sidara needs to put the right amount of money on the table. Not long to wait now.

If the deal is not struck, Wood should have a back-up plan in terms of an effective RNS in order to keep the share price stable. With the right RNS the share price may even rise.

The issues that face Wood are not insurmountable by any means and the upside (order book etc) is significant.

Therefore, no matter which way you look at Wood - with or without an offer - it is still remains cheap at the current share price. A few RNS' on the obvious (EG review completed, refinance on track, positive cash-flow restated, new contract sale) will boost the share price significantly.

Roll on RNS!

GLA

@gotreal I am not stirring anything - I made it clear it was pure speculation, nothing more. Take a chill pill.

@johnychainlocker Correct. Connect the dots, follow the money trail.

@pickedpeck Agreed. From my observations the CEO and BOD do not want Wood sold. However, it is likely that the new interim CFO will work towards a sale as he will see commercial value in a more realistic light than that of the CEO and rest of the BOD, and therefore look to provide Wood shareholders with maximum value given the headwinds that now face Wood. Further, most importantly, the institutional investors have clearly lost patience - the RNS financials and especially with negative cashflow (completely out of the blue and against Wood managememt predictions and expectations) was the final straw. Wood's institutional investors are not interested in further false promises. That said, the Wood CEO and BOD still have to 'recommend' the deal to the shareholders for approval...once that is done, the deal will definately proceed without a shadow of a doubt.

Just to add, if Sidara offered less than £1 Wood won't sell. Quite rightly so.

@pickedpeck. Just read your post with interest. I calculated early on that a fair price would be 85p-95p. However, this excludes the obvious synergies between Sidara and Wood and the inevitable cost savings etc that can be achieved. It is for these reasons and a number of others, that I increased my prediction to well over £1 offer.

I do think the RNS could be Friday, but more likely Monday.

I remain invested. The reason is two-fold.

Firstly, I believe there will be a deal made - commercially fair and realistic, recommended by Wood BODs and approved by the shareholders (i.e. institutional investors).

Secondly, if for some reason a deal cannot be made, then Wood still represents excellent value at the current share price of circa 40p. Wood will quickly announce the Deloitee review (no material changes expected), refinance, cash-flow projections remain positive, and maybe a nice contract win to boot. After which, another buyer may come out of the woodwork.

All to play for here. After all it's only money. Lol

IMO

@IceCool Now that you mention it when it’s said in a Trump style accent, it is quite funny. But then I like Trump, so that’s fine with me.

With regards to work for the man well yes I am in gainful employment, and it happens to be a job. I absolutely love and I work with a fantastic team. So I have no plans to retire yet!

With regards to Prudential plc, no I did not ‘cherry pick’ this particular stock as an example of picking the correct stock. It was front of mind, as Prudential plc announced its year end results AM today. I remember, I got so much heat from SavageGarden and AimMaster at the time ie it will drop far lower than £6.00 etc it made me laugh today when I saw Prudential plc‘s solid set of numbers.

I’m not really in the habit of posting on LSE discussion rooms other than a few. As some of the chat rooms are not much fun but this one is and so we are a couple of others. Of course, when I voiced my opinion on the state of affairs and share price predictions, I am always subject to ridicule, but equally there will be some who look back and see that my predictions were in fact on the money and have benefited. I really ought to be quiet about my share price predictions! It does mean no favours, really. Lol

@Adon Correct me if I’m wrong but is the investor not involved in the test also? Therefore, would the investor not know the results early as they are involved and financed the entire process end-to-end ie test to oil production.

I do think that even though the Zephyr share price is currently very very low, the offer would be several multiples of the current share price.

I think that the investor would not want to be in some type of bidding war if at all possible. Therefore, a quick and attractive offer may be favourable to Zephyr shareholders.

It is pure speculation on my part… and a little left-field, but never say never!

@johnychainlocker Just checked in here briefly. Did you really send that email? You are quite the character. Lol

@IceCool Be careful that you don’t poke the bear. I can easily destroy your amateur ‘analysis’ on Wood, but some things are best left unsaid. For now at least.

I now have appointments, so I’ll leave it at that.