Member Info for JamesOxford

@Crowman I am under no obligation nor do I feel the need to let you know of my wood stock holding . No need for you to be concerned about me or any of my investments. Move on.

@johnychainlocker You can of course place limit orders before the stock market opens. If you choose to do this then fine.

However, it is not the same as a normal buy in usual market hours ie from 8am onwards, when a considered buy can be made and executed ie after the auction period is over and the price settles somewhat. This is my point - if you believe wood will sell, then it is better to buy Wood now rather than wait for the RNS. That said, each investor can make their own decision- each to their own.

Personally I have invested in Wood early ie bulk of my purchases were 22p to 24p range so that if a deal is done, I am already invested and have avoided the made scramble of the auction period and very quick and very sharp rise. This is the way I operate and it has served me very well over the years.

@manfot if you want to understand how stock market dynamics work then DYOR.

For the avoidance of doubt, and for clarity purposes ‘DYOR’ stands for Do Your Own Research.

Goodbye.

@officemanager You filtered me? I never knew...

Probably because I said you would never rise above your post as 'officemanager'. Lol

@SG2025 Well you never know with negotiations. I would say though that the it is more likley to occur than not. I am happy to hold and let negotiations play out fully. It's only money. Lol

@manfor Do not try and put words in my mouth. I have never said that major investors will recieve early information on price. I have always said that substantial engagement between Wood Plc and their major institutional investors occur - that is par for the course. I have never said any more than that.

As you know (you copied and pasted it), what I said was:

“To clarify, with regards to Sidara’s takeover of Wood. Let’s say it was agreed and concluded at 4pm today, then the RNS would be released on the LSE at 7am tomorrow, which obviously and intentionally benefits major investors who will buy to just under the agreed buy price. Private investors have to wait until the main market opens at 8am tomorrow to trade. This is why private investors who think a sale of Wood will occur need to buy soon…in order not to miss the boat”

You then asked me:

'How can major investors buy WG shares between market closing and market opening times?'

You clearly had no clue as to when markets open and when major investors/traders can buy stock outside normal stock market hours. Therefore, I replied to your question as below (summary):

"The UK stock market opens at 8.00am and closes at 4.30pm Monday to Friday. There are three auction periods, from 7.50-8am, 12pm-12.02pm, and 4.30-4:35pm, which are referred to as 'call auctions'." and "It is due to these auction calls that you will have missed the boat. Hence my advice, if you think Sidara will buy Wood, then invest early before the RNS annoucement is made."

I have clearly stated that it is during the auction periods (especially 7.50am to 8.00am) that major investors/traders can trade to the exclusion of private investors. This means they buy early to drive the price up to near the agreed price, and as a consequence private investors 'miss the boat'.

I am not here to provide you with information and advice on how markets work. I suggest you buy the book 'A Beginners Guide to the Stock Market'. Goodbye.

@manfor If the RNS was released at 7am to say that Sidara has bought Wood, then sorry to say but as a private investor you will be shut out. The Wood share price will rocket to just below the buy price. You will be too late. You can only trade from 8.00am to 4.30pm Monday to Friday. End of.

As mentioned, the UK stock market opens at 8.00am and closes at 4.30pm Monday to Friday. There are three auction periods, from 7.50-8am, 12pm-12.02pm, and 4.30-4:35pm, which are referred to as 'call auctions'.

It is due to these auction calls that you will have missed the boat. Hence my advice, if you think Sidara will buy Wood, then invest early before the RNS annoucement is made.

Hope this info helps.

@SG2025. I was not wrong...are you interested in conversation or are you interested in 'point scoring'? As mentioned, I spend a long day in appointments and on trains and with a mobile and was killing some time...between texts are this Wood discussion board...so somewhat distracted.

Anyway as mentioned, you and I are in agreement. However, in my previous post I was looking at it only from Wood's side and that of its lenders.

Whereas, now that I am at my laptop, I can see you appear to be specifically talking about finance from the bidder's perspective for Sidara (bridging finance). Although it may be somewhat of a moot point as Sidara's is a cash offer for all of Wood...and no one outside of those in the know, would know what that looks like exactly i.e. bridging finance vs other financial instruments. We can speculate, but be none the wiser.

Anyway, no harm done.

@SG2025 Agreed. To clarify I do not mean that lenders are notified days after the price is agreed, it is as quickly as deemed possible. My point is that lenders are only really involved once talks and negotiations are agreed (or largely agreed) between the buyer Sidara and seller Wood. Lenders do not typically want to be heavily involved in ‘what if’ scenarios…as they can often become ‘what the’…!? scenarios.

I might add today I have been on a couple of trains in France currently on my way to Nice at 6.55pm in fading light. with only a mobile screen. Hence, any typo errors and/or misunderstandings.

@chumba If Sidara’s takeover of Wood is successful, then Wood would continue to trade under the Wood name. The major difference is that Wood would be operate as a private company owned by Sidara, and therefore will sit under the Sidara group of companies,

@SG2025 I have mentioned I work at a senior level in corporate finance. It is vey unlikely the Sidara bid price will be known to anyone outside a select group of people. Therefore, a news leak is highly improbable.

With regards to Wood lenders and any bridging loans etc. these discussions and recommendations take place over days, not weeks or months.

Further the new (interim) CFO has likely engaged with Wood’s lenders and/or Rothschild’s with a couple of scenarios ie refinance with and without a takeover.

Finance arrangements usually follow ie what has already been agreed between Sidara and Wood and Wood’s institutional investors.

Blackrock has increased their ownership of Wood to 7.49 percent.

Blackrock and Sidara have worked together for years.

Connect the dots, follow the money trail.

IMO & DYOR

@evansthemeasure Good to see you own Wood shares. I agreed that Wood is a solid (but not spectacular) company. However, the CEO and BOD have mismanaged Wood. Too many unexpected surprises. Lots of hard work ahead for management and employees…

Personally I think Wood would be better off under the Sidara banner.

We have a difference of opinion, but that is fine.

@brookieboy When I say ‘Sidara would be shown the door’ it is a figure of speech. If Wood and its institutional investors did not want to sell they would make that clear to Sidara. Further, in such an event, Sidara would not proceed with a hostile takeover as it would be unsuccessful, as it would not have the support of Wood’sinstitutional investors.

To clarity, with regards to Sidara’s takeover of Wood. Let’s say it was agreed and concluded at 4pm today, then the RNS would be released on the LSE at 7am tomorrow, which obviously and intentionally benefits major investors who will buy to just under the agreed buy price. Private investors have to wait until the main market opens at 8am tomorrow to trade. This is why private investors who think a sale of Wood will occur need to buy soon…in order not to miss the boat.

@evansthemeasure Out of curiosity do you own Wood shares?

@evanstheasure. Fair enough. However, if Wood was not for sale, Sidara wood (pardon the pun) have been shown the door before now.

Wood would not want or need the distraction of takeover talks. Wood would rather get on with business, without such distractions…which creates uncertainty and doubt - especially with stakeholders, clients and employees.

‘There is method to the madness’.Lol

@YorkshireBlues The £100k mentioned was not my buy. I will hold for the RNS. I will neither add nor sell.

The Wood share price will continue to move ie spike up and down through certain price ranges but seldom more than 40p until the RNS…and subsequent breakout one way or the other.

@IceCool I am not c…. As you suggest. I stated a fact. End of.

Not sure about a leak. Negotiations continue but a couple of hurdles remain. However, as with any negotiation hurdles can be agreed and concluded very, very quickly. Remember Sidara (and Wood) want a deal…and quickly ie ideally within 14 days. When that happens and all is agreed, the RNS will be made AM the next day in order to enable those who need to buy and sell to do so before the main market opens later the same day.

IMO & GLA