Member Info for JamesOxford

@Icecool Your last post made zero sense! You are obviously rattled. Lol

@Futurehire I spread no fear, I base my opinons on facts...

I refer you to Wood's RNS 30 October (HY2025) Page 3. Now refer to Wood's 'Point 3' below: '...would likely generate materially less, and potentially zero, value for shareholders.'. It is all there in black and white. If that statement does not spread fear and doubt in your head, I do not know what will. Read those words again 'potentially ZERO value for shareholders'. It does not get much more serious than this.

'A path forward for Wood’s long-term future:

1. The proposed acquisition of Wood by Sidara will (if approved by shareholders) position the business for greater financial stability, substantially enhance our liquidity and support long-term growth;

2. Having carefully considered the viability of all options, the Board believe that the Sidara offer represents the best option available to our shareholders, lenders and wider stakeholders;

3. The acquisition provides certain cash value for Wood shareholders at 30 pence per share, compared to alternative options that the Wood directors believe would likely generate materially less, and potentially zero, value for shareholders.'

@Icecool Quiet the contrary. I see clear similarities between your investment in TRX and Wood. Both shares suspended (TRX still suspended). Both mis-managed. Both out of cash. Both need cash one way or the other desperately. We know TRX's route to cash is via capital raise to its large shareholders so be ready for equity wipe out for current TRX shareholders.

As for Wood...we will see after the vote on 17 November. 'Yes' vote and Sidara own Wood so cash raised via Sidara $450 million and Wood's lenders $200 million. Or 'No' vote Wood is independant and therefore begging bowl is out for cash raised via institutional investors and/or debt for equity swap with Wood's lenders. 'Yes' vote and Wood investors recieve 30p per share. 'No' vote and it is goodbye to Wood holdings - maybe 1-2p per share, or complete equity wipeout aka zero.

You sure can pick 'em Icecool: You love to invest in poorly mis-managed public companies that have no cash and high debts! You ought to write a book...'How to influence people, and lose money'! Lol

@GRaff 'Probably will be snapped for 60- 90p in the last few seconds, and unlikely to be cid bid.'

So Graff - that means Wood will publish an RNS at COB Tuesday 11 November, as votes need to be in a minimum of 48 hours (business days) before Monday 17 November aka vote Wednesday. Excellent...can't wait for the RNS' of 60-90p from multiple Wood bidders! Thanks for the clarrification via your secret sauces. Brilliant! All Wood investors will be rich, rich, rich...from circa 21p per share to 60-90p per share before Wednesday next week. Hmmm, time for a new Rolls-Royce in the driveway! GRaff you are the best!

@jackdog Icecool says it depends on Plan B. Icecool's other investment in 'TRX' has had its shares suspended and is out of cash with a market capitaisation of £5 million. TRX released the RNS below on Friday 7 November and will attempt to raise £5 million to keep the lights on. A similar scenario will become Wood's fate also if the vote is 'No' and Wood if forced to adopt Icecool's 'Plan B' of going it alone with serious debt and liquidity issues The end result will be wipe out for Wood inevestors. 'TRX' RNS below...

'Financial update and funding plans

Tissue Regenix (AIM: TRX), the regenerative medical devices company, provides an update to its financial position. Further to the announcement of 22 October 2025 and the temporary suspension of trading on AIM of the Company's ordinary shares, the new Senior Leadership Team has been reviewing the previously announced restatement of revenue numbers for the financial year ended 31 December 2024 ("FY24"), the impact this has on H125 adjusted EBITDA, and the cash-position and ongoing expected performance of the business. It is now clear to the Senior Leadership Team that the Company has a substantial backlog of creditors, and very limited cash balances. Accordingly, the Company has an urgent need to raise capital by the end of November. Without additional funding the Company will not be able to continue to trade. The Company is in discussion with its major shareholders and has clear indications of support to raise approximately £5m by way of a convertible loan note. Any fundraise will be subject to shareholder approval. Further updates will be made in due course.'

BTW Icecool does not like talking about 'TRX'...for obvious reasons.

BTW If the vote is 'No' Wood's share price will quickly tumble to circa 10p as investors bail out witrh something vs have their shareholding reduced to 1-2p or zero under a capital raise (open to institutional investors only) or a debt for equity swap to urgently raise cash for liquidity.

@Icecool ' it’s not my problem if you can’t comprehend my logic and reasoning...'

Hmmm, lets see...Icecool's logic and reasoning: Take one bowl add butter, sugar, mix the eggs, sift flour, and the secret ingredient hudreds and thousands, and a sprinkle of fairy dust. Wave your magic wans and say the word "Abracadabra" and hest presto! There it is...Icecool's magical fairy cake!

@Graff Where are you? You kept posting (over and over and over again): 'Rival bidders will show their hand at the last second. Minimum 60p'

When will all of these rival bidders show their hand? Surely it has to be Monday or Tuesday? We have all been waiting for your rival bidders, but you have been VERY quiet about this lately...

Surely at leat one of your rival bidders will declare their hand on Monday?

We have to vote on Wednesday to be sure our vote counts.

Please check with your sevret sauces or consult with your tea leaves and let us know...the suspense is killing us!

I for one cannot wait for the good news of a few extra rival bidders to boost the Wood share price to 60p minimum! C'mon Graff let the cat out of the bag! Tick, tock...

Swwwiiissshhh...the sound of tumbleweed gently rolling down the street....

@Bigside69 'ICE- Why wouldn't you just vote Yes and take the 30p? You said you would be making a decent profit. Why risk the No vote?'

It's obvious. Icecool is deep, deep underwater here. Hence Icecool wishes/prays for a Wood 'turnaround', based on fantany, rainbows and fairies at the bottom of his garden! Icecool since he invested has implored everyone to invest into Wood based on its 'fundamentals'. When that was called into question by the 'Deloittes review', Icecool swited to 'transparency' and 'show us the accounts'. Now that Wood has published its audited accounts, we can all see Wood's fundaments are absolute rubbish! Yet Icecool continue to implore everyone vote 'No' and stay invested in Wood! Why? The only common link is that Icecool is deep underwater here and will say and do anything to 'protect' his investment and 'hope' for better days. If Icecool was in profit at 30p, he would vote 'Yes' and take it, rather than run the risk the vote is 'No' whereby current Wood shareholder value becomes 1-2p to zero.

@roman999 The Sidara offe ris locked in at 30p and will be voted on 17 November. If the vote is Yes then 30p banked per sahre before HY2026. If the vote is No, then Sidara will reassess and may choose to decise to walk...after all Sidara's offer was 30p BEFORE Wood's awful audited accounts for YE2024 and HY2025 were published. Therefore, Wood share price currently circa 21p for 2 reasons: 1. Wood's audited accounts were bad; 2. If Sidara's deal is not done, then Wood shareholders face wipeout under Wood's alternative option i.e. Wood's lender debt for equity scheme. Too many negatives for many investors...don't bet more than you can afford to lose and all that.

@Icecool “Iain who has zero O&G sector leadership experience” Did Ken have experience….. 🤔🤣🤣That’s not even a factor!! Totally irrelevant.'

Ken...look how that ended up. Wood completely destroyed!

Iain has clearly been appointed to achieve the best sell price possible for Wood. If no other bidders arrive by COB Tuesday next week, 30p is the best offer. Take it or leave it. Take it and bank 30p a decent mark-up from 18p before suspension or 21p after suspention. Leave it and experience the decline of Wood as an investment as current Wood shareholders are wiped out to maybe 1-2p or zero.

TRX is finished as an investment for TRX current shareholders...time will tell if Wood goes the same way i.e. 17 November.

When Icecool has to look in the mirror, he does not not it. Icecool's current investment in TRX = TRX has released an RNS to say it has run out of cash. Icecool's investment in Wood without Sidara = Wood runs out of cash. End result? Shareholder wipe out in both cases. Icecool - master investor! Lol There endith the lesson.

@Icecool 'You don’t have a clue what the disposals in the bank will do to lender negotiations. That section you have quoted is old and obsolete!!'

Finally on this point, under page 44 in the link below. This page explains clearly the pathway to 'New Money' as has been negotiated with Wood's lenders...and therefore a route to cash-flow positive liquidity and debt stability under the new Wood-Sidara transaction. All of which is based on a 'Yes' vote. I suggest all Wood investors read this document thoroughly in order to fully understand the outcome of negotiations.

https://www.woodplc.com/__data/assets/pdf_file/0021/313653/HY25-Results-Statement-30.10.25-FINAL.pdf

As for Icecool's 'Plan B'. Wood has never mentioned nor published any of Icecool's 'Plan B' anywhere. Icecool's so called 'Plan B' (new BOD under the leadership of Iain who has zero O&G sector leadership experience and who will somehow renegotiate with Wood's lenders based on 9 years of cash-flow negative management and -$1 net debt!) sits firmly inside Icecool's own head aka 'fantasy-land' and simply stupid. A fool and his money are soon parted, and Wood's lenders are not fools. Take a look at Icecool's other investment in 'TRX' under their most recent RNS dated Friday 7 November, which reads: 'It is now clear to the Senior Leadership Team that the Company has a substantial backlog of creditors, and very limited cash balances. Accordingly, the Company has an urgent need to raise capital by the end of November. Without additional funding the Company will not be able to continue to trade.' Icecool has been super-ramping TRX also under his 'nothing to see here' neon signage/posts. Once thing is for sure Icecool sure can pick 'em!

Without a 'Yes' vote to Sidara's offer, Wood will be in the exact same position as Icecool's other stock TRX!

@Icecool 'You don’t have a clue what the disposals in the bank will do to lender negotiations. That section you have quoted is old and obsolete!!'

Further, Wood commentary written for the HY2025 i.e. commentary written AFTER these results were known and therefore the most up-to-date commentary available:

Page 44:

'Other

The directors have reviewed the position of the Group, up to the date authorised for issue of these financial statements and have not

identified any other events arising after the reporting period which require disclosure.'

In other words, all information is presnt, correct and fully up to date. No new RNS can be expected between now and the vote in terms of Wood's outlook, funding agreements or business. With the sole exception of possibly/remotely (EG maybe a 10% chance) of an RNS with a new bidder on Monday-Tuesday next week (unlikely though that is).

Page 8:

'Outlook

The publication of our 2024 audited accounts and HY25 results represent an important step towards delivery of the Sidara offer which, if approved by shareholders, will lead to a significant injection of capital to the Group and increased certainty for Wood, which in turn should help us pursue further client opportunities into the new year.'

In other words, without the Sidara deal there will be no new cash injection and therefore increased uncertainty for Wood. And...

Page 18:

'Covenants

The Group breached financial covenants under its borrowing facilities for HY25. The breach has been remedied through covenant waivers of all historical covenant waivers including HY25...For all three financial covenants, until completion of the Sidara Acquisition, failure to satisfy covenant levels will trigger a requirement to consult with the lenders.'

This is not a cup of tea and a few bicuits with your local bank manager to discuss your golf handicap...this is as serious as it gets. Wood shareholders face the very real potential of zero ROI in Wood. You have been warned.

https://www.woodplc.com/__data/assets/pdf_file/0021/313653/HY25-Results-Statement-30.10.25-FINAL.pdf

@Icecool 'You don’t have a clue what the disposals in the bank will do to lender negotiations. That section you have quoted is old and obsolete!!'

You just do not get it. The time for Wood's negotiations with lenders is well and truely over. What has been detailed already is it. Period.

Wood has (under Iain's stewardship) already negotiated with Wood's lenders who will be fully aware of Wood's disposals - way before any such infomation was released to the public - along with other key documents such as monthly cash-flow forcasts etc. I will not go into depth as to what documents need to be provided to lenders when a company/business is in financial distress, needless to say it is extensive. Given Wood's current financial issues with requests for debt extentions, new money facilities etc. It is clear that Wood's lenders will only grant such under the Sidara takeover deal.

Iain made it clear that he has provided ALL information so Wood shareholders can make an informed decision about the vote. Iain is not withholding any information. If you have any Wood publication to the contrary, please post such Wood publication.

Icecool keeps on (and on and on) about Wood's recent disposals as if they were brand new and will save the day! Nothing could be further from the truth. Fortunately, facts do not lie. Wood's disposal programme was announced some time ago and the disposals recently announced are simply confirmation of the same as evidenced below in Wood's RNS on HY2025 Page 7 (link below):

'Disposal programme

As previously announced, we continue to evaluate our portfolio of businesses to identify those deemed to be non-core to our strategy. As part of this, we targeted $150 million to $200 million of disposal proceeds in 2025 to help mitigate the impact of negative free cash flow in the year. We have made excellent progress on this disposal programme so far this year, with three disposals agreed for a combined consideration of around $275 million, subject to closing adjustments: In April, we completed the disposal of Kelchner, a civil construction services business in the USA, for net cash proceeds of around $30 million. In July, we announced the sale of our 50% interest in RWG to Siemens Energy Global for a cash consideration of $135 million, subject to closing adjustments. This deal is expected to complete in late-2025 or early 2026. In August, we announced the sale of our North American Transmission & Distribution engineering business to Qualus for a cash consideration of $110 million, subject to closing adjustments. This deal is expected to complete in the fourth quarter of 2025.'

These disposals were in the public domain well before publication Wood's audited accounts for YE2024 and HY2025 and Wood's commentary make it crystal clear that such disposals are designed to help off-set Wood's cash flow negative position of -$404 million as of HY2025. Given Wood has been cash flow negataive for 9 years straight, Wood has to sell off the 'family silver' to make ends meet.

Sidara's offer of $450 million, combined with Wood's 'New Money' facility of $200 million will finanlly bring an end to Wood's cash-flow issues under a 'Yes' vote.

Under a 'No' vote, Wood will be left to its own devices to raise cash aka serious dilution for all current Wood shareholders!

One (of many) of the key warnings to Wood's shareholder: 'compared to alternative options that the Wood directors believe would likely generate materially less, and potentially zero, value for shareholders'. This is shown on the second last paragragh below as per Wood's RNS 30 October (HY2025) Page 3:

'A path forward for Wood’s long-term future:

The proposed acquisition of Wood by Sidara will (if approved by shareholders) position the business for greater financial stability, substantially enhance our liquidity and support long-term growth;

Having carefully considered the viability of all options, the Board believe that the Sidara offer represents the best option available to our shareholders, lenders and wider stakeholders;

The acquisition provides certain cash value for Wood shareholders at 30 pence per share, compared to alternative options that the Wood directors believe would likely generate materially less, and potentially zero, value for shareholders;

Being part of the Sidara Group will open new opportunities for Wood employees, who will benefit from greater financial stability, a new base of clients and an enhanced global footprint.'

Link below.

If the vote is 'No' do not say you were not warned...the old saying "Only invest what you can afford to lose" has never been more apt.

https://www.woodplc.com/__data/assets/pdf_file/0021/313653/HY25-Results-Statement-30.10.25-FINAL.pdf

Sidara have done their due dliligence. Wood's audited accounts were 'clean' and therefore a fair and reasonable indication of where Wood is at i.e. Woeful. Revenue is stable but slighly down, net debt over -$1 billion; and importantlt cash-flow is -$404 million as at HY2025. The FCA investigation is ongoing and will be for several more months. The recent disposals were already ear-marked and Wood and their lenders would be fully aware of these and where the funds will be attributed i.e. debt and liquidity.

Sidara's informal offer was 35p. Then formally lowered to 30p plus $450 million upon news of the FCA investigation into Wood.

Iain - Wood's current CFO and soon to be CEO (with ZERO leadership experience in the O&G sector!) - has made it crystal clear that if Sidara's offer of 30p is accepted, Wood's debts will be extented to October 2028 with a brand 'NEW MONEY' facility of $200 million, as well as Sidara's cash injection of $250 million immediately followed by $200 million upon completion. This is Wood's chance to turnaround.

If Sidara's offer is not accepted, Iain has made is crystal clear that Wood lender's will extend debt to a the very short timeframe of October 2027 with NO 'New Money'...and that a credit scheme will need to be arranged! This is the best that Iain who is highly experienced in finance arrangements has been able to achieve from Wood's lenders. If this does not scare off Wood's investors, then nothing will. In this scenario, Wood's lenders will provide a minimal debt extention, no 'New Money' facility. Therefore, Wood will need to raise cash and very, very quickly. From a corporate finance perspective, that will be extremely difficuilt...to start with Wood has not been cash-flow positive since 2017 to date...NINE (9) long years! The most Wood can hope for is a debt-to-equaity swap. Current Wood shareholders will be diluted so badly that Sidara's offer of 30p (although laughed at by many PI who long for the days when Wood's share price was over £2 days) will seem like a dream offer.

I have thought about this, and now that we have seen Wood's audited accounts and commentary around it, I cannot see that Sidara will come out with a better offer. Why? Because Sidara is effectively already buying Wood for $2.2 billion i.e circa $200 million (i.e. 30p per share to investors), $450 million cash injection (i.e. to boost the balance sheet for Wood's lenders, and for liquidity), and takes over Wood's debt pile of over $1.5 billion. That is a huge sum or level of risk for a business that has been cash flow negative for nine straight years.

I think if the vote to Sidara's offer is 'No', then Sidara will shrug their shoulders, walk away and carry on as buiness as normal. Wood will simply be left out in the cold.

Unless a Wood RNS is made re another bidder before COB Tuesday 11 November (and so far there is no indication of such) via RNS release, then I will vote 'Yes' for the Sidara deal on Wednesday 12 November.

@stew200 You say that debt commitments are extended until 2028 with plenty of time to turn around Wood.

Incorrect. With a No vote, debt extentions have been granted until October 2027 only with no mention of any further credit extended by Wood's lenders. Wood will continue to burn through cash and be forced into a equity raise probably open to institutional investors only or a debt for equity swap. This will virtually wipe out current Wood shareholders' investments to maybe 1-2p per share if lucky...or even zero (as already warned by Wood). If this does not worry you then nothing will!

Whereas with a Yes vote, debt extentions have been granted to October 2028, combined with new money facilities and cash from Sidara. Of course Sidara will own Wood, and any turnwaround will be carried out by them.

You stated on 2 November that the Wood share price would open at 40-50p. You were wrong then too.

You have spouted such nonsense for a while now. You are a Wood super-ramper and that is all.

@Futurehire Your last series of AI bot posts were inaccurate and silly. You are now making the same mistake with your 'Just for fun' thread/posts. You need to stop it.

@Futurehire Don't worry - it's not a problem. No need to justify anything.