Member Info for JamesOxford

@Icecool In reference to Wood's 'guidence'...Wood's BOD stated liquidity is insufficient to fund operations and that it plans to pursue further cost-cutting measures, and that 'The current capital structure of the Wood Group is unsustainable'. This is as serious as it gets for banks/lenders and institutional investors. On top of this the FCA has Wood under investigation. There are loads of 'red flags' for banks/lenders, would-be buyers, and investors alike. The only reason Sidara wants Wood is due to synergies and the fact that Wood allows Sidara to increase in size and scope quickly. I cannot think of any other would-be buyer other than Apollo and Worley - who 'may' be interested - but for vastly different reasons. Hence, the above is why I think Wood must be sold to Sidara, and Wood's own RNS' seem to show that the deal is almost sealed...almost.

@Icecool Agreed. Wood BOD (or what is left of them) are lame ducks. Don't hold your breath for any updates on 2026 guidence. Wood's first RNS (1 of 2) simply outlined the sale of Wood's asset with a bit of pomp and ceremony thrown in. Whereas, Wood's second RNS of the day (2 of 2) with Sidara's offer at the core provided all the update needed in terms of guidence etc. The audited accounts will be released before the end of October...but once more don't hold your breath for a positive outcome. I predict serious write-down on asset values etc. as previously mentioned.

As investors, we all want the same thing - a decent return on our investments. For me I can only see that heppening if another bidder enters the fray...it will all be down to the audited accounts. If a white knight does not appear within 1-5 days from the publications of audisted account, then it will be game, set, match Sidara.

The silence could mean that something has not gone as expected...or something big is under way. As an investor, I like to look at the worse-case scenario first until proven otherwise. Let's all hope CH pulls the rabbot out of the hat...his audience has waited long enough for the build-up to the magic trick!

@Thedetector. If Wood's audited accounts are released, and Wood comes out of suspension and trades again, I predict the Wood share price will rise to 25-27p immediately i.e. just under Sidara's offer of 30p. If this occurs, there is little point in me personally adding as I will be in profit anyway. However, if my average was say 40p or more, then I would definately add significantly in order to average down as much as possible in order to mitigate losses. Just my view of course - no advice given whatsoever.

@British_Mike The issue is that CH made it clear that positive news flow would occur. Since then, silence. For me, no news is not good news, it is not bad news. No news is exactly that...no news. CH talks a good game. Talk is cheap. CH needs to stop with the waffle and announce clear and consise action plans and soon. Like you, I too now have serious doubts about Zephyr as an investment in my portfolio. I will review this investment over the next couple of months. In the meantime, let's see if CH will take positive action and pull a rabbit out of the hat. Anything less will be more BS, and therefore not worth the paper its written on.

@Icecool 'These guys don’t suffer from investment fatigue, they’ll happily sit on an investment for years if that’s what delivers the best return.'

Therein is the issue - institutional investors (like most investors) want the best return. Wood has not delivered a decent return for shareholders for years. Wood has had enough chances. Wood is a lame duck, everyone knows it...Wood's own RNS said it. The reality is that Wood's share price is 18p, which makes Sidara's offer of 30p look quite attractive.

@Thedetector Not sure why it was deleted. Must be someone else on the thread upset someone else and the thread was removed. I do think the Wood debt level has increased over the last two quarters given Wood announced that certain contracts/projects have been placed on hold, however, Wood's cost base remains high, and cash-flow remains an issue. I have no doubts whatsoever, that the asset disposals of late are designed to reduce debt and keep the lights on until Sidara takes over. I am certain that Sidara's offer of 30p plus cash injection of $450 million is a done deal. Remember too that Sidara will take over Wood's huge debt of $1.6 billion. The only way I can see a better outcome is if another bidder fronted up within 1-3 days of Wood's audited accounts being released. It is however a big ask - and I suspect any would-be bidders will place it in the 'too hard' basket, and look at other opportunities in the market place instead. I would like nothing more than Wood attracts another bidder...I will keep my fingers crossed!

@Dazpink FCA could take up to 18 months. That is pretty normal. Therefore, it will be Sidara's shareholders (who by then will own 100% of Wood) who will be interested in the outcome.

@biffbaffboff 'The worry there is that the Institutions will prefer an immediate return rather than a risky wait and see. Correct me if I'm wrong, but Barclays own (at 0.30p) nearly £8m and Blackrock have £10.5m. There are obviously others. They may see cutting their losses and moving on a better investment (short term). The only comfort I see is the realisation of the losses is a harder pill to take.'

@Icecool 'That’s just investment fatigue talking.'

I agree with biffbaffboff. Icecool it is not as you say 'investment fatigue talking'. All you do is try to put your own made-up and pathetic 'label' on comments by others in order to make the comment/post look stupid. In fact, biffbaffboff's comment 100% grounded in commonsense and basic investing methodology with successful investment companies and high net worth individuals.

@Papaduke Agreed. If CH and co cannot start operations within the next 3 months (not more promises), then they ought to sell Zephyr in whole or in part to the highest bidder.

@Chairman Froggles I please innocent of all charges. And especially the charge by Graff that JO works in any way shape or form for Sidara...that is simply Graff's way, he always plays the man never the ball. I can confirm your honour that I am indeed a Wood investor, and to prove such, simply take a look at my posts around Black Valentine's Day! I look at Wood as an investment pure and simple - a takeover target. I have never wavered on my opinion on that. Your honour, as the saying goes, 'You can please some of the people some of the time...'

@Graff I am still waiting for the list of names of potential buyers, and your calculation as to how another buyer would bid 60p per Wood share (plus accumulate Wood's debt of an eye-watering $1.6 billion, plus pump in at least $450 million cash!). Names and calulations please...or is it as simple as you have zero names, and you are under-water here at circa 55p?!

@ClearViews No need to be concerned. JP Morgan has checks and balances in place between their investment and their advisory divisions, so there cannot be any conflict of interest whatsoever.

@Gsei '@James the deal is already ratified. The bill for advisors soon to be paid. Wood belongs to Sidara, but isn't 100% official just yet.'

Don't let new Wood Plc Chairman Froggles, CEO Bob, CFO Icecool or Graff the janitor hear you say that! Lol

@Glowacki You are incorrect. You need to get up to speed with regards to Sidara's offer $200 million to Wood and the terms and conditions therein.

@Icy The only way I can see the Wood share price increasing is via another buyer. Small odds at 10% but fingers crossed!

Back to the matter at hand, the reason the word from the street is currently silent, is due to the fact that any other bidder needs to fork out a minimum of 35p per share (to beat Sidara's 30p per share i.e. $219 million), take over Wood's debt of $1.6 billion, and inject $450 million cash into Wood (to match Sidara and keep Wood's lenders happy). Not to mention cash-flow issues since 2017 to date, contracts on pause, employees with low morale, nervous suppliers, disgruntled banks/lenders, annoyed investors, the FCA on the case...

Now all of the above is a big ask for any potential buyer. Balls of steel need only apply!

It ain't ain't over till the fat lady sings though! GLA

Hmmm...I think I need to re-think my participation in Wood's discussion forum. Of late I have been discussing Wood events and uncertainty around the FCA investigation/outcome with Chairman Foggles who receives his advice from Big Bird of Sesame Street as to the future outcome for Wood Plc. Maybe Chairman Froggles needs to consult with his CEO Bob and CFO Icey and Public Relations Manager Grrrr (Graff)...

As I mentioned before, with Froggles as Chairman, Bob as CEO, and Icecool as CFO, Grrr as PR...and now with professional advisor Big Bird (appointed by none other than Chairman Froggles)...what could possibly go wrong with the new Wood Plc?! Lol

@Chairman Froggles Your sauce Big Bird ought to consult with Kermit the Frog - the fountain of all knowledge on Sesame Street. Kermit says that no one knows what the FCA knows until the FCA allows it to be known. Lol

@Flicker Word on the street was favourable - but that same word on the street has been very silent of late. Almost deathly silent. At this stage it is only a 10% chance another bidder will enter the ball park. This is why I can only say that when the audited accounts land, it may flush out a buyer - Apollo (most likely of the potential buyers) or Worley (a distant 'maybe'). Fingers crossed!

@Targa123 'If Wood get a fine from the FCA it will be less than 30p.'

You above post does not apply. The reason is that the FCA will not finish its investigation/outcome until AFTER Sidara buys Wood. Hence, Sidara has already 'priced in' the unknown FCA outcome with its lower offer of 30p.

Good luck to you also Garonne. BTW You must be happy with Prudentials' rise to date - you have stopped moaning! Lol. Remember a good stock is like a quality red wine, it takes time to mature to reach perfection. It is always important to keep several quality stocks/wines firmly in your portfolio.