Member Info for JamesOxford

@Furturehire. Oh - I see now...your analysis is based on AI. Enough said.

@Futurehire Just had a quick skim-read - it all seems a bit confused and topsy-turvy. What exactly are you trying to say? Can you summarise in your own words in a few paragraphs?

Word has it that Icecool is currnetly in the toilet dry-wreching while wailing out "TRX...why oh why TRX!? Why, why...TR bluurrrggghhh!"

Icecool may be a while before he returns to super-ramp Wood...and TRX of course! Lol

Anyone who follows Icecool's 'advice' ought to know that he also keeps super-ramping his woeful TRX stock (Icecool sure can pick 'em!) in a smiliar way that he super-ramps Wood. TRX released an RNS today that 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. 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.'

If I were Icecool, I would feel sick...very sick indeed.

Follow Icecool's 'advice' at your peril.

In the abscence of another bidder with a better offer, Wood shareholders ought to vote 'Yes' to Sidara's offer of 30p. If not - based on Wood's own audited accounts and commentary - very easily can follow a similar fate to that of TRX, which would be very bad news for Wood shareholders for obvious reasons (EG debt for equity swap or similar).

@Bradeddragon 'It's called a RNS, not a RSN or even a RAN, muppet.'

You tell 'em oh Bearded one...you tell 'em good! Lol

@Icecool 'Finally, some progress you’ve gone from, Icecool is delusional to let’s agree to disagree. That’s called backpedalling, JO.'

Yeah right. Lol

It's called I have my opinion...and you have yours.

My opinion is grounded in facts and commonsense...your opinion is built on hope, dreams and fantasies...with a few fairies scattered at the bottom of your garden.

@Johnychainlocker You mentioned the Apollo - Papa John TWO days after it was released at Reuters! Well, did you know that the BOE kept rates at 4% yesterday? I cannot see that you have mentioned that anywhere on your posts. Don't you know it means alot to a company like Wood with its huge debt pile? You ought to have mentioned it. Please don't take the credit for it now that I have mentioned it. Lol

I mentioned the Apollo - Papa John situation and included the Reuters's link about it - after you mentioned it. Your post was a memory jogger for me and I do not see a problem with that. As mentioned I subscribe to Reuters like many othe rinvestors and we discussed the Apollo - Papa John situation in the office the same day the news was broken...by Reuters. We all agreed that whether that deal is on or off is irrelevant to whether or not Apollo expresses interest or makes an offer for Wood. Apollo is big enough to take on both opportunities if it wants to. That said, Wood would be a better play due to its growth opportunities over the next several years. BTW I hate to burst your bubble (pop) but I spoke about Apollo as a possible bidder shortly after I bought into Wood.

You can think and say whatever you want about JO but facts are facts. If you don't like it, you will have to lump it.

Icecool you are a fool. Your logic is fantasy. You clearly do not know how to read and interpret financials and the commentary around them.

You have ALREADY voted 'No' to Sidara's offer of 30p - even though you say you will make a profit decent at 30p (yeah...right of course, makes perfect sense! Lol) - in order to watch as Iain the Wood's new CEO with ZERO experience in the O&G sector turns Wood around. Fair enough - you do that. You can climb down from your soap box now. Lol

As for me, I will vote next week, when all is revealed...either Sidara's offer stands at 30p in which case I will vote 'Yes' and bank a nice profit at the end of HY2026. Or, another bidder enters the ball park with a better offer in which case I will vote 'No' and enjoy the bidding war!

Lets agree to disagree and hope for the best ROI for all Wood shareholders.

Slowly but surely...the smart money will move it to make a circa 33% profit...maybe more if another bidder arrives!

@Icecool 'And your cash flow negative argument is outdated too you’re quoting HY2025, which literally precedes both major disposals and the clean audit. The whole context has changed.'

Outdated?! HY2025???!!! Lol

Wood has made it clear that all disposals will be used to pay off debt (Wood has over £1 billion in debt) and for liqudity (Wood is -$404 million casg flow negative). Icecool you are completely and utterly delusional if you think a few disposals which were already announced will make a 'material' difference to Wood's debt AND cashflow position. Your narrative is just plain dumb.

The markets have already voted on Wood's audited accounts - and updates including recent disposals.

The only way the Wood situation improves is with Sidara's offer or another bidder better offer. End of.

I am losing braincells discussing the basics with an Icefool. Just leave it now. Seriously, you are embarrassing yourself.

@Latino 'Who do people think might come in as 2nd bidder??'

IF it happens, Apollo would be the best fit - it can aquire all of Wood in cash comfortably...it all depends whether or not they have an apetite for it. Wood clearly has growth potential, and Sidara's offer of 30p does not relfect that. Realistcially any would be buyer must declare its hand before 5pm Wednesday next week at the latest. Preferably by Monday or Tuesday.

@SUFCESSEX 'Weak holders have flown the nest. Fresh / Clever money been invested for the the 30p bounty IMHO'

Indeed the smart money is on the 30p. With the market drop that is bound to occur immediately after the budget (and for a while thereafter) the smart money can be easily transferred into Wood shares for the 30p payout towards the end of HY2026. Also there may be a slim chance that another bidder will decide to enter the ball game, in which case the current Wood share price and Sidara's offer of 30p is toast!

Since the re-open, the best time to add was very late yesterday late afternoon, I added a few then - and will do so again if the share price drops to circa 20.0 to 20.5p between now and the vote.

If the Wood share price stays low, another bidder may be tempted. Never say never! Lol

GLA

@Icecool 'Everyone knew the disposals were in progress, yes, but the confirmation and cash receipt only became official after audit sign-off and FCA reinstatement.'

The point that you fail to realise is that Iain - Wood's money-man and soon to be CEO clearly knew about the disposals well before the 'cash receipt' landed, and still made it 100% clear that Wood needs Sidara's offer in order to access Wood's lenders new funding lines of $200 million and Sidara's cash injection of $250 million immediately following the vote of 'Yes', followed by Sidara's $200 million upon completion. It is clear that Wood who is cash flow negattive to the tune of -$404 million as of HY2025 needs cash and soon. Icecool if you have any doubt whatsoever, read Wood's audited acccounts properly and watch the video link. It's all there laid out in plain view for all Wood investors, Sidara and any would be new buyer.

@Metatron You forgot to mention Icecool...he will be insulted by that 'mis-step'! Don't worry, JO will be at meetings soon enough! Lol

@E_AL 'It seems the big players are loading up ahead of the weekend’s news coverage.'

Indeed. If there is to be another bidder, they need to announce before 5pm Wednesday 12 November. Of course, the earlier the better!

@Icecool 'Was that boilerplate language before or after the disposal RNS’s officially hit so calm down chum, and wait for direction like everyone else.'

You are delusional. Do you mean to say that Iain and co had no idea the disposals were about to land prior to the Wood resulst? What did the disposals land out of the blue and knock him on the head while he was at the coffee machine?! Lol

The disposals were announced ages ago. The fact is that Iain and co knew all abouyt the disposals and when they would land - just after the Wood results - and they know those funds will be used to pay down debt and liquidity.

I am not your chum, and I am perfectly calm.

You on the other hand are a nervous wreck who is deep, deep under water here at circa 60p and everyone knows it.

There will be no further direction from Wood, unless another buyer enters the fray - but that goes against your narrative of course!

@Oily1990 'Up she goes'

Don't count your chickens to soon. The only way Wood's share price will rocket to sustained levels is if a second bidder comes to the party...without that news all increases will be a 'false dawn'.

@Icecool ' “You’re delusional Ice” Been hearing that from the mob a lot recently. I am not the one ignoring the overwhelming evidence in front of us.'

Icecool doe you mean evidence like this: If Wood shareholders vote 'No' to Sidara's offer of 30p per share, then Wood's BOD (includes Iain the new CEO and 'money man') has warned Wood shareholders will face alternatives that could mean "materially less, and potentially zero, value for shareholders".

That is management/finance talk for serious dillution for all Wood shareholders under a debt for equity swap.

Let's hope for a late bid, otherwise Wood should be sold for 30p per share - a decent mark-up on Wood's share price of 18p at suspension, and 20p after the re-open!

If another bidder enters the fray to buy Wood, they will need to declare their hand before 5pm Wednesday 12 November. Why? To be on the safe side, all Wood shareholders ought to vote 24 hours (i.e. 2 business days) before Monday 17 November.

If no other bidder enters the race by 5pm Wednesday 12 November, then on Thursday 13 November, JO will vote 'Yes' to Sidara's offer.

Let's hope for a late bid, otherwise it Would should be sold for 30p per share - a decent mark-up on Wood's share price of 18p at suspension, and 20p after the re-open!

GLA