Member Info for JamesOxford

@Spodulike I have not heard this. It is my opinion only.

Listen to what the CEO and BODs of Wood Group have advised: Hold.

There is a clear reason for this, Wood Group want to do a deal, but the sale price must be realistic.

As predicted a long time back, Wood Group share price will climb and hover at circa 40p...unable to break 40p.

Shorts still in...but must be slightly nervous now.

Progress made. Getting closer.

IMO

Sidara know more about Wood Group now - more than ever before.

Due diligence etc. staring to line up already in terms of checks and balances. Still a few hurdles.

Sidara wants whole of Wood Group. Sidara own 60 brands - and know how to negotiate. Sidara know exactly how Wood Group will fit into their business model.

It's all about the sale price: Wood Group cannot be seen to 'give away' the company due to recent issues. Equally Sidara does not want to pay over the odds. Both sides want a deal...however, both sides have to relent somewhat.

Getting closer.

IMO

@Denziiil Sidara may just make some meaningful history shortly, so you can add 'Point 5' to your summary. Lol

@SG2025 BTW Not sure if you directed one of your comments at me or not. But in any case, to clarify: When I mentioned 'cooler heads need to prevail' I didn't mean in terms of emotions. I meant in terms of more realistic expectations, on both sides.

@SG2025. I read a few of your posts. Good points made overall.

If Sidara and Wood Group cannot strike a deal - there are a number of hurdles identified - then of course Wood Group is back to square one.

I doubt Wood Group will raise a rights issue. Institutional investors do not want a rights issue when the share price is at this ridiculous level.

Most importantly, Wood Group's lenders want certain assets sold to head off Wood Group's current headwinds i.e. negative cash flow and increased debt.

Remember the old saying: 'Banks will lend you an umbrella, but will want it back the minute it starts raining'. Lol

Anyway, I enjoyed your posts - nice to have someone on here with some commonsense.

I predicted the Wood Group share price would hover at 40p as it paused for thought. Looks like I know more than most of you think. Who owns the majority of Wood Group shares? The private investors or the institutional investors? Who makes the Wood Group share price move? Stop and think connect the dots. But whatever, I think my time is wasted on this discussion board. It was fun for a while. Keep dreaming up your own scenarios I’m sure they will be a lot more accurate than my updates. Lol

The FT knows exactly what Wood Group wants it to know. EG. The Wood Goup consulting arm is worth £1 billion.

Other news outlets will speculate there will be other bidders. No one will deny that, especially no one from Wood Group at least. However, of course Wood Group know there are no other interested parties.

All designed to keep subtle pressure on Sidara.

Sidara is the natural buyer of Wood Group. It fits well. Wood Group would continue to operate in much the same way as it does today. However, if the price is too high, Sidara will walk away. Wood Group knows this too. Sidara does not need Wood Group. It's a 'nice to have' - that's all.

If Sidara walk - it will be bad for Wood Group on a number of levels, especially in cash liquidity and debt terms. Serious action will need to be taken with unpopular decisions made. Not to mention, the Wood Group share price will plummet to the low-mid teens.

Institutional investors have placed serious pressure on Wood Group management to make the deal happen this time. Wood Group must keep silent about this serious pressure in the background.

Sidara still in driving seat.

If Sidara and Wood Group can continue their negotiations today and keep cooler heads than yesterday, an agreement can be reached by the end of the week. It's in both parties interests to make this happen.

It's still 50-50 as to whether or not a deal will happen. Hence, shorts still in. Hence share price continues to hover at close to 40p.

IMO of course. Lol

@Spodulike It is you who seems sure there is another party, but when asked you cannot suggest the name of even one party who may be interested. It seems you based your opinions on 'wishful' thinking.

I am 100% sure there is no other party. I based my opinions on facts.

Goodnight.

@Spodulike. Given you seem to think there is another party involved or who would like to be involved in the purchase of Wood Group, please enlighten us all and let us know the name of the interested party.

@helloDave 'Now if we see a competitive bid from another party would be interesting. How high could be good, 160'

I have mentioned this before. Sidara is the ONLY interested party. There is NO other party, there is no other bidder. There will be no other interested party on the horizon. Sidara is it. Period.

If Wood Group do not agree terms, Sidara will walk away. Sidara does not 'need' Wood Group - it's a 'nice to have' at the right price...and that is all! Wood Group comes with serious debt, negative cash flow, and several other issues. This negotiation is by no means a 'walk in the park' and agreement between Sidara and Wood Group is by no means 'a sure thing'.

This is why the shorts are still in. The shorts have placed their bets on the fact that Wood Group's CEO and BODs are unlikely to 'change their spots' and agree a deal. They have not managed to agree a deal in the past. The shorts will know soon enough - likley within the next 4-5 days.

If Wood Group can agree to Sidara's terms, Wood Group as a company will prosper under the Sidara banner.

If Wood Group cannot (aka will not) agree to Sidara's terms, Wood Group will be back at square one...and make no mistake - at that point, the sharks (lenders) will 'encourage' Wood Group to sell assets in order to produce positive cash-flow and reduce debt to certain levels for clear and obvious reasons.

Wood Group need to close this deal with Sidara, which is in the best interests of Wood Group shareholders. If the share price is all cash for 85p (possible) to 95p (probable) then so be it.

Anything over £1.00 will be a stretch. It could happen - it would be nice if it did - but don't hold your breath. Anything over £1.00 could result in Sidara walking off into the sunset.

IMO

@shale2020 @helloDave While I hope you are right about Sidara not walking away. Don't count your chickens before they hatch...

Wood Group may have started to become entrenched in their position. If this happens, Sidara will walk away. It has happened before, it can happen again. Wood Group is then back to square one.

Cool heads must prevail. Wood Group must act in the interests of their shareholders. Period.

@CaptainSwag. Shorts are fleas on cardigans. They like a punt or two. They think that because Wood Group refused a deal with Sidara and others before, they will do so again.

If/when a deal is announced, the shorts will be the first to leave. Slightly scorced, but alive to live another day!

Wood Group needs to be careful - not overly greedy in these negotiations. Cool heads must prevail. Wood Group will be a better company under the Sidara umbrella. Everyone knows it.

Tomorrow is another day.

@Bigw77 'Isle' was not there. However, Isle may (or may not) have experience in such matters. Isle may indeed be able to let you know whether or not it was likely that: 'the cheese sandwiches were curling up at the edges'. Lol

@Sharebel 'Look at all the A trade algo trade sells boom boom boom popping in absolutely relentless and nobody wants to answer why shorts are happy to open new here! IMHO DYOR'

I have answered your question (copied and pasted below). You need to read and understand more...and type less. Like I mentioned before, you have 'bad' investor experience. Your thoughts about Wood Group are not worth the paper they're not written on. Lol

Meanwhile in the shadows, the shorts still lie in wait...waiting, watching, hoping Wood Group refuse a deal...and Sidara walk away, as they have done in the past. If that happens, the share price will plummet to low-mid teens. Result: Shorts win, shareholders lose.

@Spodulike. The market moves in 'mysterious' ways. Lol

Sidara is the only interested party.

No other interested parties have expressed interest or are in the mix.

Sidara is the natural buyer for Wood Group. Sidara, Wood Group and everyone else knows it.

As predicted very early on, the Wood Group share price will hover at 40p to pause for thought...and true to form, has stayed at just under 40p all day, so no surpirse there.

Discussions continue, lively debates.

Wood Group need to be careful or they will snap defeat from the jaws of victory.

Cool and calm heads need to prevail...on both sides.

Meanwhile in the shadows, the shorts still lie in wait...waiting, watching, hoping Wood Group refuse a deal...and Sidara walk away, as they have done in the past. If that happens, the share price will plummet to low-mid teens. Result: Shorts win, shareholders lose.

Meanwhile, will the Wood Group share price is ready to knock on the door of 40p. Will the share price push past 40p AM tomorrow? Probably - maybe a tad or two. Lol

As the CEO and BODs of Wood Group have advised to their shareholders, hold (or buy)...do not sell. There is a reason Wood Group have advised to 'hold', they will try to achieve the best cash price possible. Still want to agree and conclude negotiations within 5 days.

Fun and games - still plenty to play for. Hold the line!

All IMO

@Sharebel You predicted early teens earlier. You know very little about nothing.

You appear to have been involved in some poor investment decisions. Some investors have lots of experience...but there is 'good' experience and 'bad' experience. You my friend fall into the latter category. Enough said.

Of course as per CEO and BOD advice…do not sell, hold or buy or top up…plenty to play for here.

Watch this space…

Plenty of discussions over ‘expression of interest’ at Wood Group. Time to break for lunch…

Meanwhile shorts hope Wood Group will stay true to form and be unable to close the deal, in which case the share price dives…shorts win, shareholders lose.

Let’s hope the CEO and BODs act in the best interest of Wood Group shareholders and make the deal.

Never dull being invested in Wood Group! Lol

IMO of course.

GLA