Member Info for JamesOxford

@Crazyyear 'How can it be down at 22p knowing it has at least a 30% discount hanging over the share'.

As mentioned Sidara's offer of 30p per share with settlement in 7 months time is not enough of a carrot to move the Wood share price much higher than 22-23p. The time locked out of the market is significant...7 months.

In addition, in the extremely unlikely event that Wood's investors vote down Sidara's offer, then investors run the real risk of Wood's lenders carrying out a debt for equity swap, which will seriously dillute Wood's investors so the risk-reward ratio is poor also.

In summary, there are other opportunities out there with lower risk. Simple.

@Pokerchips Icecool upped his prediction for the 'No' vote from 70% to 90% a couple of days ago.

The auction kept me out early AM today. I have not added nor sold and will not do so at 22p as it will not make a material impact. I am happy with my position and happy to wait for the 30p paypout.

The market's reaction says it all - it reminds me of a limp salad I had once in Italy on a hot summaer's day. Lol

The marrket is disappointed and underwhelmed with Wood's audited accounts and commentary. The market has zero confidence in Wood as a stand-alone company for obvious reasons. In addition, Sidara's offer of 30p per share with settlement in 7 months time is not enough of a carrot to move the Wood share price much higher than 22-23p. Also, in the extremely unlikely event that Wood's investors vote down Sidara's offer, then investors run the real risk of Wood's lenders carrying out a debt for equity swap, which will seriously dillute Wood's investors.

The odds of another bidder is very low indeed (JO puts these odds at a mere 10% vs Sidara's successful takeover at 30p).

The only way Wood's share price will increase to decent heights before the vote is if another bidder who declares its hand prior to the vote. But never fear @GRaff and his 'sauces' say another bidder will come out of the closet 'at the last minute' and will push the Wood share to 'minimum 60p'!

Of course, if no bidder enters the 'race' to buy Wood for then the vote reverts to 'Yes' and investors will be paid 30p towards the HY2026.

A 'No' vote - without another bidder on the scene - is a wipe out for all Wood's current investors.

The market is seldom wrong.

Icecool and Graff on the other hand...Lol

Into auction from open to date. Quick and easy rise thus far - nice profit for some so happy days. Will it break out past 30p...? Probably not...but never say never! Waiting patiently...Lol

@Johnychainlocker This is a Wood discussion forum. I have spelt out my views - that Wood will be sold one way or the other. I would say 90% (which is pretty high) that the Sidara offer of 30p will be accepted.

I don't know what your views are Johny - I suppose you think Wood can got it alone? Well...? Please do declare, don't sit on the fence nit-picking at those brave enough to share their views...while you stare at your navel with no clue at all.

Mmmm...this popcorn is scrummy! Munch, munch! "C'mon Pokerchips...get him Icecool" Munch, munch! Lol

@Jonhychainlocker You stll here? I didn't notice. 'JO hedging bets'...?! Lol I think everyone knows my position by now...Wood will be sold. It's all about the price, always has been, always will be. Whether Sidara (90% chance) buys it, or another bidder (10% chance) buys it. Do try to keep up old chap! Lol

@Fordy88 Don't let Icecool read that he will have a meltdown!

Popcorn anyone?! Lol

@Icecool JO will buy early tomorrow if possible. JO hopes for everyone's sake on this Wood chat room (friend, foe or indifferent) that Wood's share price rockets tomorrow. We all want the same thing a decent ROI. I even wish you Icecool well!

JO's knows that Wood will be sold whether or this round or the next. Any other scenario simply cannot work, due to Wood's clean accounts as stated many times before. It's all about whether or not Wood's investors will choose to accept Sidara's opening offer of 30p or not.

GLA - Happy buying/selling tomorrow.

Unlikely though it is, will Wood pull out a last minute RNS out of the hat prior to the open of trading on Thursday? Maybe a brief business update? A new contract? An expression of interest from a new bidder? With Wood, never say never!

@Herekitty-kitty JO thinks shorts are fleas on caridigans. Pretty sure they should have dumped prior to suspension for obvious reasons. Meanwhile in the last couple of days prior to suspension smart Wood investors were topping up massively, along with new Wood investors...18-19p was a bargain all week long and twice on Sunday!

@Kando @PokerChips JO has noticed that Icecool is anything but 'cool' these days. We all know he is deep, deep underwater here...a little hot under the collar, hence the fantasy that Wood's accounts shaw that all is well...what $2.8 billion loss, what $404 million cash flow negative...what over $1 billion net debt...what new CEO who is the money-man with zero leadership experience in the O&G sector! Lol

@Icecool You missed it too! At least I admitted it.

@WilyCoyote Yes Sidara will buy big via their brokers. Sidara has a track record of this - from memory they bought circa 21% of Worley shares. Although it appears buried somewhere in the documentation that Sidara cannot use their scheme shares to vote, Sidara will buy as many Wood share as possible at less than 30p per share. This means that Sidara effectively blocks those votes out, and picks up shares on the cheap.

BTW if anyone has a link to this document, please attach it and state on which page the text can be located...as JO (and everyone else other than one person here) seems to have missed it in the accounts for 2024 and 2025!

Fun and games from 8am tomorrow! Auction for sure...after that who know?! With Wood it is always a roller-coaster of a ride! Lol

@MyLastChance Thanks for the post - can you post the link?

@RoberttoLarcos I thought there was a strange smell around here lately. Lol

@No8 Sidara will only buy shares under 30p. Let's say Sidara buys loads of shares Wood for an average of 27p, then they can vote in favour and receive 30p per share. Winner winner chicken dinner. SIdara cannot and will not buy any shares for more than 30p for obvious reasons.

@Luca You clearly have not been reading Icecool's posts of late with all his 'images'! Everyone is entitled to their opinion and to defend their opinion. It is called freedom of speech. Anyway, back to my popcorn...

@Pokerchips "If the Acquisition does not proceed, the terms of the Amendment and Extension will automatically become more restrictive, and Wood’s debt maturities will be shortened to October 2027. Absent an alternative path to refinance the existing facilities, Wood’s lenders may also require the Company to implement the Separation Plan and dispose of businesses and assets on an accelerated basis to reduce debt."

As JO has said many times, Iain is a money-man, not an oil and gas CEO who specialises in turn-arounds. If the vote is 'No' no Wood investor can say the above clear and present warning was not cast to one and all. A quick reminder: $2.8 billion loss YE2024, cash-flow negative $404 million as at HY2025, net debt over $1 billion. FCA investigation continues into Wood. Based on Wood's fincials, Wood clealry needs Sidara's takeover far more than Sidara needs to buy Wood. Vs Icecool's theory that after a few disposals (most of which was already announced under Wood's asset reduction plan to pay off debt and provide liquidity) means Wood can turn around its over $1 billion net debt position and cash liquity crisis! You couldn't make it up! Lol