Member Info for JamesOxford

@IceCool. I answered a question put to me by ColdSpy as he wanted to know who predicted 40p. I stated that I did at the very start. It is not a ‘I told you so moment’…just fact. I am not sure why you are so triggered by my reply - it has zero to do with you.

@evansthemeasure. Your analysis is poor. You also omitted the fact that Sidara wanted Wood a mere 6 months ago. At that point, Wood engaged with institutional investors and all were convinced Wood was undervalued. Since then Ken released a poor RNS on financials and especially around cash flow. This RNS blindsided institutional investors,so much so that the majority now want a sale…as opposed to the alternative ie the lllooonnnggg wait for the Wood share price to recover to a decent level.

@BeardedDragon My point was that Wood would be approached with an offer before the Deloitte review was completed. This has come to pass. Wood has been approached and an offer is on the table which is under negotiation. No news on the offer ie price will be known until accepted or declined.

What do you think Sidara and Wood have been doing all this time…playing a game of snakes and ladders?!

No more than 40p by Friday…as usual…until RNS breaks on takeover. I sound like a broken record. Lol

@Coldspy. I was the only one who predicted 40p and it would stop. When the news was out everyone else predicted it would rise to 50p, 60p, 70p, 80p..,

I was also the only one to predict that an offer would be made before the Deloitte’s review was made public. Almost everyone else said that would never happen.

It’s funny how so many people have such short memories. Lol

Broomtree is right as there have been lots of wild theories out there, especially with regards to merger, price etc.

I would say, however, that the current Wood share price is so low at the moment that it is a good and solid buy whether the deal proceeds or not. Take a look at the Wood share price over the last 1, 2, 5 years. To me, the risk is incredibly low, no matter which way you look at it.

Sidara want to buy Wood, but the price has to make commercial sense for them to do so.

As for games whereby Sidara buy shares etc. to manipulate the Wood share price…forget it.

Sidara has bought plenty of companies. It makes no sense whatsoever to undermine negotiations with stupid buys of the target’s shares ahead of or during negotiations.

Wood institutional investors have seen plenty of false dawns recently. Plenty of false starts and false promises. The RNS on financials was the final straw. These same shareholders now want Wood sold. Period.

Sidara wanted this wrapped up in 2 weeks. Looks less likely now within 2 week timeframe. Still a couple of hurdles remain (the same hurdles)…and proving difficult/troublesome to overcome on both sides. It is important that neither side becomes entrenched in their positions.

As predicted by JO at the very very start the Wood share price would rise to 40p and no more.

Despite news stories released by Wood to shore-up support, the share price will not breakout to over 40p until RNS confirms Sidara has bought Wood.

Quite a bit of speculation on various theories…

Sidara’s offer is cash for all of Wood. Period.

Sidara will not merge with Wood. The new company will not be called: Sidara Wood.

Still no other interested parties to buy Wood.

Wood institutional investors want Wood sold. Substantial talks between Wood and institutional investors continue.

Likelihood of deal is 60-40 leaning towards 65-36 in favour of deal.

I remain invested and unlike some on this discussion board are quite happy to let negotiations play out and let the chips fall where they may.

If deal done: Good for Wood, stakeholders, partners, clients, shareholders.

If Dale not done: It depends on the RNS as to whether the share price drops or not. Although it may drop to 20p this is not guaranteed…it may remain stable or even increase. The RNS news and/or ‘spin’ Will determine the share price movement one way or the other.

All IMO of course.

@accottyyyyy if that is what you think then stop asking for my opinion. I’m not here to provide you with any investment advice or insights whatsoever. DYOR. Goodbye.

@acottyyyy Just checked in here affairs couple of days. I have asked you to leave my name out of subject headings. You seem to be some kind of stalker. Back off.

Great update on the RNS by CH. As mentioned when the test results are announced and are positive, I will add considerably.

Papduke I have never seen you so happy! Lol

Thanks for your concern ScubaMike. Lol

Just added a few extra 128336 Wood shares at £50,000.

GLA

The institutional investors patience has run out and they clearly have an appetite to sell Wood Plc. Ken’s view is irrelevant. Ken lost credibility with the RNS financial and especially on cash flow. That was a ‘kick in the guts’ for all institutional investors…some would say it was ‘the final straw’…to put it politely!

Got to go - will catch up with this board later tonight.

@Coldplay As you know I topped up my investment by £100,000 on Thursday afternoon. I am confident a deal will be done. I expect an RNS next week. Private investors are selling for pennies profit while institutional investors are buying those shares up, shorts reducing, longs increasing…follow the money. IMO

You will have to ask Isle as it appears, he knows ‘someone’ in executive management at Wood Group’s with close ties to Ken. This source informed Isle - that Ken at Wood Group said Sahara is like ‘Del boy’ and that the cancelled staff bonuses were a ‘kick in the guts’ and Ken goes on to say ‘hopefully’ it won’t sell so ‘we can restore staff bonuses and dividends’. (No mention of how and when Kenny-boy will do this of course!).

All this information was provided by Isles’ reliable source who is also known as ‘Barry’…or ‘Boofhead Baza’ by Isle and his mates down at Isle’s local pub, where Madge the local barmaid aged 87, is still waiting for Isle to pluck up enough dutch courage - after 20 years of flirting with her - to ask her out to see a movie!

Anyway I am in Barcelona now and plan to enjoy the weekend with meetings scheduled early next week. So will check in here later tonight to see if Isle has any snippets. I’ll have a glass or two of port handy! Don’t let me down Isle! Lol

A few thoughts…

If deal done:

Good for Sidara and Wood Group will continue to operate as a more or less independent private company under the Sidara banner. Wood Group would work well with other brands under the Sidara banner. Wood Group stakeholders and customers will be happy. Likely that Wood Group employees would be far better off in terms of job security and bonuses. For example rather than bonuses cancelled, bonuses could be halved this year, then reinstated to normal levels next year. Most shareholders will benefit in terms of buyout - cash offer for the entire company…clean, simple.

If deal not done:

Depends on RNS as to whether or not share price dives. It may be that Sidara walks or offer rejected by Wood Group. However, if offer was sound, which could invite speculation that another interested party may enter the ball park. Also RNS may include update on finance/debt, and/or update on Deloitte review. Any of which may actually boost the share price. If deal not done, it would be likely that another party would enter talks in the future.

Of note is that shorts are decreasing not increasing. As private investors sell, institutional investors are adding. Follow the money. Connect the dots.

Look at the history of Wood Group’s share price: 1, 2, 5 years. No matter which way you look at it, the current share price is cheap. It will definitely recover from current levels…with or without a buyout. Wood Group is one of the top companies to look at in terms of a serious pot as a growth stock right now on the London Stock Exchange. Plenty to play for here. Plenty indeed.

Thoughts anyone…?

IMO & GLA

@acottyyyyy I do not wish to answer under the subject JO. I did mention that before. All my views an opinions are my own so DYOR.

@acottyyyyy Talks between Sidara and Wood Group in productive stage, with a couple of hurdles still in play. RNS next week. All IMO. GLA

No, I don’t know any more. Just a hunch, so why not.

Even if Sidara offer is not accepted, Wood Group is cheap. It’s still a bargain at these levels. IMO