Member Info for JamesOxford

Well I am in Lisbon Portugal right now, and have meetings to attend. Will check out the Wood Group board later.

As Wood Group shareholders, we are all in this together, so let's wait for the best outcome...er, 'Option A' please. Lol

GLA

@Icecool @MajorHayze I have woked as a senior banker for more years than I care to admit. I am involved with management and accountants at the highest levels in both private and public companies across many sectors. Trust me when I say your 'opinions and 'conclusions' about Wood Group's 'fundamentals' (i.e. financials) are very much viewed within the sphere of your own rather 'rose coloured glasses' and such views and opinions cannot be relied upon in any commercial sense. Certainly neither of you would make it onto my lending team.

I do not have a beef with either of you - just an observation.

Better to look at the 'here and now' and the Sidara interest/offer in Wood Group. An RNS will be issued in due course...unless of course the FT break the story first. Lol

If Sidara walks away, then you can talk all you like about Wood Group's financials. However, at that point, this Wood Group discussion board will be vacated very, very quickly...apart from the occasional tumble-weed slowly rolling down the empty streets. Lol

@LWHL Agreed. I would say those who are overly keen for £1.40 are probably those who need that price to break even and bank a small profit.

That said, never say never. Lol

@SnipVW: The market currently thinks that Wood Group is valued at circa £200-£300 million.

If the market thought that Wood Group ought to be worth £1.40; then why is the share price a lowly 39p?

Don't get me wrong I would love to see an offer for £1.40.

Stop and think for a minute, what is better for Wood Group Plc and its shareholders?

Option A:

Accept Sidara's offer (whatever that may be) and become stronger under the Sidara banner.

Option B:

Reject Sidara's offer outright...and let the chips fall where they may.

For me, it's Option A all day long and twice on Sunday.

Howver, as most here agree the Wood Group CEO and BODs are inempt at best. This is probably why the shorts have not left as yet. The shorts think Wood Group will refuse to make a deal (based on past performances) and the share price will plummet like a stone to low-mid teens (...in fact it could be as low as 9p).

I know I mention: 'Be greedy when others are fearful'. However, this does not apply to Wood Group's CEO and BODs with regards to the deal. Wood Group's CEO and BOD cannot be 'greedy' for too much, as Sidara are in no way 'fearful' of missing out. Sidara can and will walk away at anytime (as has been proven in the past).

My advice to the CEO and BODs of Wood Group is 'Do not look a gift horse in the mouth'.

Based on past performance (albiet which cannot be relied upon for future performance), Wood Group have refused to make a deal, and Sidara have walked away. With this in mind, it is no wonder the Wood Group share price 'hovers' at 39p and the shorts appear to still be in. Sidara's initial 'expression of interest' could fizzle out very quickly...? Only those in the know, know! Lol

At last, an mini-serious attempt to break 40p...the magical number...will it happen today?

Or does an RNS need to occur first. Lol

@MajorHayze 'Absolute nonsense, I'm afraid to say.'

Really?

When I first mentioned that Wood Group is ripe for a takeover, almost everyone said that will never happen prior to the Deliottes review. No doubt you thought the same as almost everyone else.

The Wood Group share price is 'stuck' at circa 40p - I predicted that too.

Unfortuantely, many investors become too fixated with their own view on stocks and whether or not they are in profit. They then refuse to look objectively at their investment in the light of new developments and hold on to the past and wish for a brighter tomorrow. Oh well, each to their own.

I am invested in Wood Group and am awaiting developments. The difference is I am pragmatic.

"Attention! Major Hayze in the room!" Lol

@Icecool To clarify: When I mention a 'run on the bank' all I mean by that is that the Wood Group share price will drop to record low levels (i.e. into low-mid teens) if a deal with Sidara is not reached. In other words all Wood Group shareholders will run for the hills (myself included). The only winner will be the shorts.

I used the same phrase ('run on the bank') when the Wood Group share price tanked after the RNS financials on 14 February when the share price plunged from circa 65p to 22p.

I am fully aware that Wood Group is not listed on AIM.

Wood Group is not currently a distressed company. However, it will be if a deal is not reached with Sidara.

Sidara currently offers Wood Group Plc, and all Wood Group share holders a 'life-line'.

Wood Group must agree a deal. Period.

@Micky1 Sorry? I don't know what you are smoking...

I am invested in Wood Group and have remained in since I started to buy late afternoon 14 February and Monday. Taking profit now? Er, why? Looking for a re-entry? You are in Cloud-Cuckoo Land my friend.

@Scubamike 'Could Sidara be interested in buying some of the strategic assets at a cheap price by buying the company and selling off those parts it isn't interested in? Getting the assets they want (plus the expertise and contracts) without having to pay what the market would pay?'

Of course. Sidara know this and this is the reason they can walk away. If that happens, Wood Group's share price will drop to low-mid teens (like a run on the bank'). The lenders will circle. Wood Group will be 'encouraged' by the lenders to sell assets to survive the liquidity crisis. Wood Group's assets will be for sale at 'knock down' prices.

Sidara does not want to buy Wood Group piecemeal. It makes no sense to do that. The whole of Wood Group is worth far more than its parts.

Sidara wants the deal...but is not desperate for it - and can walk away anytime. Remember that.

Wood Group on the other hand...

The Sidara-Wood Group negotiation should be agreed and concluded within the next 5 days. Or 14 days max. Longer than that is not in Sidara or Wood Group's best interest. More than 14 days and Sidara will likely walk away.

As predicted, the Wood Group share price will pause at circa 40p.

Take the advice of the CEO and BOD's to hold. There are reasons for this.

Either hold, or buy. Do not sell...unless you are a glutton for punishment! Lol

The Wood Group share price is volatile (to say the least). However, it should build today to up 10%-15% ish. Even though Sidara's offer will be much higher than the current Wood Group share price, the market is still somewhat cautious. Stupidly so. Lol

As mentioned previously, Sidara is Wood Group's natural buyer. Everyone knows it. There will be no other buyers.

Sidara are not bothered about Wood Group's counter offer. Sidara are in the driving seat. Wood Group is currently a distressed company in terms of leadership and financials (there is real pressure from lenders on Wood Group right now i.e. serious questions being asked). Sidara can walk away at any time. Everyone knows it.

The concern for Wood Group shareholders has to be whether or not Wood Group's incompetent CEO and BODs refuse to agree to Sidara's offer...

If Sidara walks away (again) Wood Group share price will tank to low-mid teens, after that the sharks (lenders) start to circle Wood Group as they have zero confidence in Wood Group's CEO and BODs. The end will not be pretty for anyone.

The above (a very short summary) is the reason Wood Group needs to agree a buyout. Period.

@zebbo. 'As shorts panic out, offer could better than expected'.

The question is...what is the offer?

The answer is only 'those in the know', know. Any speculation is mere noise...until what is unknown, becomes known.

AimMaster 40p is still chicken feed! Lol

AimMaster you must have been watching and waiting on the sidelines all this time...and then you pounced! At 35p...!? Please teach me more Obi-Wan. Lol

I bought heavily at 22p-24p and am still in.

@Sharebel In case you didn't notice Sidara wants to buy Wood Group.

As predicted, the Wood Group share price is up today. That was probably my easiest prediction ever made. Lol

My bet is that Sidara and Wood Group will conclude negotiations maybe as soon as the next 5 to 14 days max - and that Sidara will be the proud owner of Wood Group.

My bet is that the Wood Group share price will increase tomorrow, as investors (and shorts) wake up to the fact that the current Wood Group share price is no where near Sidara's 'expression of interest'.

Just wait for the RNS to drop that Wood Group has accepted Sidarra's offer of X....that is when the real money will be made!

As the Wood Group CEO and BOD advised, hold. Do not sell. For obvious reasons! Lol

@IceCool No forget the charity bet. I already donate to charity...I have agreed to pay PokerChips' hospital bill...you know you broke his nose...?! Lol

@IceCool I have to ask...what did you do to PokerChips? Last I heard you knocked him out in the third, but like Tyson Fury he rose from the canvass for more punishment...

However, I have not seen PokerChips since Sidara's 'expression of interest' (or some of the other doom-mongers)!

Did you or Sidara knock PokerChips' out...?! Lol.

Come to think of it, I haven't seen your other arch enemy AimMaster either? Funny that...

When proven wrong, the doom-mongers always stay silent...and NEVER give credit where credit is due. Lol

@Valueseeker @Yorkshireblues. 'Hard to see how the board could entertain a bid under 140 since they rejected 210/220 etc as it undervalued the co.'

That was then. This is now.

Wood Group's RNS on it's financials drove the share price to 22-24p, then a slight mark up to 27p prior to their 'expression of interest'. It's a looonnnggg way from 27p to £1.40.

If it happens - nice...

Great for Wood Group shareholders who need to make £1.40 to break even or come away with a small profit. Of course, a buy price of £1.40 is not so great for Sidara or its shareholders. There is always two sides to the equation. Lol