Member Info for JamesOxford

@Islandgirl I think I can answer acottyyy's question myself thanks. Are you OK? Still on medication I see.

@Acottyyyyy The CEO of Wood Group said: 'This is a critical period for Wood and Iain is a seasoned CFO with the necessary capital markets experience and proven leadership in refinancing and financial reporting, as well as risk management, audit and compliance.'

The interim CFO has been suggested by an Institutional Investor. An excellent appointment.

Obviously Sidara's offer is not yet acceptable at this time, hence the message in the RNS about refinance etc. In other words it's business as usual at Wood Group. Overall good news for shareholders (institutional investors) who do not want Wood Group to sell for a low price; bad for those shareholders (private investors) who want a sale at a reasonable price. Shorts will be happy at the moment.

Sidara will have to up their offer - but they will only do this as more infomation comes to light (re due diligence) to justify such an increase.

@LWLH Agrred on all counts. Goodnight.

GLA

@Targa123 Ever been involved in a hostile takeover with a major public company? Thought not. Very few succeed for obvious reasons. Hence hostile takeovers are always a high risk approach.

As IceCool would say Wood Group Plc is not AIM.

@SYN00GOLD If Sidara really want the business and believe they have offered a decent price, and they cannot work with the CEO and BOD then they can attempt a hostile takeover. It is unlikely Sidara will do this, as it is high risk approach with potential legal issues etc. and no guarantee it will be successful. It is not Sidara's style at all. Far more likely is that if a deal cannot be reached Sidara will walk away.

@LWHL There are reasons the shorts are in:

1. They think that the Wood Group will not agree a deal with Sidara (i.e. true to past form).

2. They think no other interested party will appear to make an offer for Wood Group.

If the shorts are right on Point 1, Sidara walk away, share price is dumped, shorts win, shareholders lose. If the shorts are right on Point 2, rinse, repeat.

Hopefully a deal will be made between Sidara and Wood Group. I happen to think it has to happen one way or the other sooner rather than later i.e. within 5 days, if not 14 days.

We are all in this together as shareholders, let's all hope for a win-win outcome at a decent cash sale price.

@Broomtree You seem to imply that there is a 'real possibility' of other suitors are in the mix to make an offer to buy Wood Group. Names please? Or more wishful thinking? Lol

@IceCool. I mentioned to you before I am not a 'trader'. I buy some, I sell some. Do you remember? I provided you with my investment bio summary. Lol

As mentioned to you before, I do not see Wood Group in my portfolio for the medium-long term. I do not think of Wood Group as a bad company, just not for me. I invested heavily because it is cheap, cheap, cheap. I was one of the first (if not the first) to say it is ripe for a takeover. I also said very early on, that Wood Group's share price would move up to 40 and stop and pause for thought. So far so good. Right?

Besides IceCool, you invest wherever and whenever you like, and I will do the same. Fair enough? Lol

IceCool you beat PokerChips in the third round, he got up, you smashed him again, and again. Then the Wood Group share price increased and PokerChips ran off, never to be see since. Now, IceCool when will you take on AimMaster...she is looking for you...I'm ready for the re-match. I have my popcorn ready!

No other parties have expressed interest up to now.

It would have to be a very confident party who would step up to the plate now. If there were such a party, they would probably wait until Sidara had finished their due diligence and negotiations, then step in.

Better to remain grounded in reality, not fantasy.

Sidara is Wood Group's natural buyer. Sidara knows it. Wood Group knows it. Institutional Investors know it. Sharks (Wood Group's lenders) know it. Everyone knows it... except maybe a few private investors. Lol

@Hosai. You are right I am overseas - currently in Lisbon, Capital of Portugal. Today the weather has been clear blue skies with a little mild wind in the afternoon. Found a wonderful coffee roastery shop just around the corner from our hotel. Wonderful coffee, unfortunately no WIFI. Laptop free zone and all that.

I can confirm that I cannot hear the corridors outside the CEO of Wood Group's office from here. Lol

@T6.1 Given I was a very late arrival to the party i.e. a few speculative buys late afternoon Friday 14 February, followed by a number of heavy investments on the Monday, £1.14 would do nicely.

More importantly, what can the CEO and BOD negotiate and recommend to Wood Group's shareholders, which can be deemed acceptable? There will be discussions between senior management of Wood Group and Institutional Investors, before a price can be agreed and announced formally. We all have to wait and see.

I would like Wood Group to accept a commercially prudent and fair offer based on Wood Group's value today (i.e. Wood Group's current financials and information contained within Deloitees pending review), notwithstanding future prospects. I want Wood Group to be purchased in its entirety, and become a huge success under the Sidara banner.

I do not want Wood Group back at square one.

@Hosai To add:

To have the courage to enter into negotiations at CEO and BOD level, you need all your ducks in a row obviously. However, before you take that first step, you need to like what you see.

Think of Wood Group as a potential girlfriend and Sidara as a potential boyfriend...a perfect match, on paper at least.

From Sidara's point of view: Before you ask her on a date, you have to ask a few questions of yourself: Does she look good (in terms of Wood Group's management, financials, future prospects etc.)? Will she be a nice fit in my family (fits neatly into the Sidara business model? i.e. synergies, cost savings etc.)? Will my parents like her (Sidara's stakeholders i.e. business units, lenders, shareholders etc.)? Well you get the idea...

Now if you were another 'interested party', you would have to ask yourself, whether or not Wood Group meets your criteria as a potential girlfriend? You would need to ask the same questions. Clearly Wood Group is currently an 'aquired taste' with 'future potential'. But is that enough? Obviously, the answer is no.

As Wood Group shareholders, let's all hope Sidara likes Wood Group enough to buy her. Let's hope Wood Group's CEO and BODs, with subtle pressure from Wood Group's Institutional Investors (i.e. the potential's girlfriend's Dad) says yes to Sidara's offer. After that, Wood Group shareholders can clap our hands in sheer delight...and Sidara and Wood Group will live happily ever after!

There endith the bed-time fairytale story. Lol

@Hosai. To clarify: There are no other interested parties in Wood Group. In my opinion.

Obviously you have a different opinion. In order to back-up your statement, please provide the name of one...just one interested party. Please enlighten us all.

I for one have listened out for the pitter-patter of feet running down the executive corridors to the CEO of Wood Group's office to 'talk terms'. All I hear is silence... IMO

@YorkshireBlues. Say what you like when you like - freedom of speech and all that. PS. Wood Group will not sell for 60p! Lol

I like you and IceCool - you both stick to your points and hammer them home, again, and again, and again... Lol

@T6.1 Please provide details of Worley's interest in Wood Group. Silence? Enough said.

@The Crowman. Agreed re AimMaster (aka Aimless). I cannot speculate further on the share price - I've done this already. If Wood Group is unable to close the deal with Sidara. Wood Group is back to square one. Plan B is to sell assets in order to balance the books in terms of cashflow and debt. However, Wood Group do not want to entertain Plan B, as Wood Group will become a 'lesser' company (in terms of revenues, profits etc. as those assets are disposed of) and therefore even less attractive to investors and more investors may walk. It's a double-edged sword.

@YorkshireBlues. It's funny how you mention not to speculate over the share price. I've lost count of how many times you have ended your posts with £1.40! Lol

@Hmmm... Another buyer is wishful thinking on your part. As mentioned in my previous post: 'Who tapped Sidara on the shoulder and asked if they would be interested? Wood Group? No. Institutional Investors? Yes'. I have already stated that Sidara is Wood Group's natural buyer. Everyone knows it. No other party has been invited to talks and there is no other party interested. Why? Wood Group has revealed far too many skeletons in the closet recently to justify further interest from another party. Get up to date - look at Wood Group in the here and now: CEO and BODs a disaster, RNS financials a disaster. Share price a disaster. If you know of interested parties who want to fork out and buy Wood Group, then please name them, name just two, name just one...why keep us all in suspense? Silence? Enough said.

@acottyyyyyy Er, with a name like that have you reached the bottom of the cliff yet...?! Lol

I mentioned what I think was the unofficial entry price in one of my earlier posts, and how those initial discussions may have started. No need to repeat.

BTW No one knows the price - that is strictly confidential. Period.

The question to ask is: Whether or not both sides are moving closer together, or drifting further apart?

Still a few hurdles left.

Sidara have not entered into these talks and carried out due dilligence from scratch.

Ask yourself this. Why is Sidara in talks with Wood Group? Did Sidara wake up one fine day and think 'hmmm, Wood Group share price has tanked, maybe we can buy at £2 this time...'. Unlikely. So who did tap Sidara on the shoulder (after Wood Group's recent disaster of an RNS on financials) and asked whether or not they be would be interested? Was it Wood Group? Unlikley. Or was it key Institutional Investors...who have decided the best course of action for them is to exit Wood Group as an investment, and therefore sell Wood Group to an interested party? Who benefits from a sale of Wood Group? Institutional Investors. Connect the dots. Follow the money.

Now we are where we are. It's up to Sidara and Wood Group to make the deal happen.

Was 50-50. Now 55-45 in favour of a deal...and closing.

Shorts may well be burnt.

All IMO of course

@IceCool Watch your back IceCool. It looks like your nemesis AimMaster is back. She has left the dark and lonely shadows of the irrelevant sidelines. She is sitting in the corner, looking around with her deathly stare, looking for IceCool. She wants revenge, she wants a fight...tension building! Lol

@acottyyyyyyyyyy Er, with a name like that, did you fall off a cliff or something?!

It's just my thoughts. All my own opinion. That's it. End of. The end. Lol

@JTrade1 AimMaster always finishes her posts with 'imho'. It keeps her protected from any 'mis-interpretations' and acts as her signature. Lol

A very short while back AimMaster posted when the Wood Group share price was I think 22p, she said it would drop to 19p. Someone on here listened to her and sold out. As Julia Roberts in the movie 'Pretty Woman' would say: 'Big mistake, huge!'. While she was providing her words of wisdom and doom and gloom to sell to all and sundry, JO was buying on a large scale at 22-24p. Wood Group share price is currently circa 36-38p. Enough said.

@AimMaster. Surprised to see you back. Last time you had a fight with IceCool and lost badly...you predicted Wood Group price would fall to 19p. But it rose to 30p. Then you bought at 35p and sold at 37p! Well done on your 2p profit! Lol