Member Info for JamesOxford

@Darth_Trdr 'Chances of bidding war are zero. Bottom line, we'll have to settle and be grateful for 30p. Hopefully not less - as is also possible.'

It's always darkest before the dawn. I would say there is a 10% chance of another Wood buyer. It's all about the potential Wood buyer's level of apetite for risk. The reason for Sidara's drop in offer from 35p to 30p is due to the ongoing FCA investigation and the uncertainy around the outcome. Sidara will not offer less than 30p - that is the floor. Of course IF another buyer enters the fray, then all bets are off in terms of offers/prices.

Personally I am not minded about Zephyr's share price one way or the other. The fact remains that either Zephyr needs to start meaningful production soon, or farm out or sell out to another party who wants to exploit Zephyr's clear and obvious potential for themselves. Once Zephyr starts production, the share price will follow and increase substantially. I would not like to limit Zephyr's share price to 5-6p, as with good management and production it ought to be more like circa 11-15p. IMO

So the new Wood Plc will be headed up by Chairman Foggles, CEO Bob, CFO Icey...

What could possibly go wrong...?! Lol

@GRaff You posted: 'I can guarantee that this will get snapped up for more than 30p. There many rival bidders waiting to pounce. This will go for a minimum of 60p'

I replied: 'Who are the 'many rival bidders'? Names please. Also, how to you arrive at your valuation of 'a minimum of 60p'? Please provide us with your calculation; or is the 60p based on your buy price of circa 55p?'

You have avoided my rather basic questions. Therefore, I can only think your post is based on 'wishful thinking' rather than detailed analysis. No surpirse there. Lol

@Bjet 'JO you also previously mentioned another bidder lurking if I recall right would you have a name.'

On 8 September I posted:

'Two buyers competing on price would be a game-changer for current Wood shareholders. Two would-be buyers could be Apollo (they do not mind companies down on their luck with clear turn-around and growth potential) and Worley (Worley-Wood would be a very strong force). Other than that no-one else comes to mind. Maybe an investment company - probably from the US. Anyway, fingers crossed for more than one, but it will be hard work, and it has to be the right fit. Time will tell soon enough. I do predict that Wood will have the audited accounts ready to be published by the end of October 2025...that step alone ought to draw out any other interested buyer (or not).'

I think there is only a 10% chance another bidder will enter the fray, as Wood-Sidara are a long way down the road. That said, I will be happy if another buyer entered the ball park with bells and whistles!

@GRaff 'There many rival bidders waiting to pounce. This will go for a minimum of 60p'

Who are the 'many rival bidders'? Names please. Also, how to you arrive at your valuation of 'a minimum of 60p'? Please provide us with your calculation; or is the 60p based on your buy price of circa 55p?

@Icecool No 'fence-sitting' by JO. Wood will 100% be sold. To clarify: IMO 90% chance Wood's institutional investors will vote 'Yes' to Sidara's offer of 30p (quick, clean, move on). Only 10% chance of Wood's institutional investors will vote 'No'...and that will only be in order for Sidara to make an increased offer of 35-40p (big gamble, but never say never).

Wood's institutional investors individually do not hold that much in the way of Wood shares. For example, from memory Blackrock owns only circa 5%. IMO on balance, this means the cost-benefit to these investors is far more in favour of a sale to Sidara for 30p than run the very real risk of further dilution in order to carry out a capital raise.

IMO the vote will be approved, Wood shareholder will be paid 30p per share. Sidara will take over Wood and probably very quickly install senior management in the right areas in order to plug the holes on the Wood ship. After that, Wood will go from strength to strength under Sidara.

For Wood long term shareholders, it will be heartbreak, for later entrants who bought or averaged down to circa 20-25p all is fine.

Maybe, Wood's institutional investors will reject the first offer of 30p, so Sidara must raise their offer to 35-40p. However, that will be a big ask of these investors.

Maybe another bidder comes in, but surely any other bidder would need to show their handwithin 1-3 days of publication of Wood's audited accounts.

If Wood shares do trade again, the share price ought to reach 25-27p.

Either way, Wood has clearly run out of road, and will be sold.

GLA

@Icecool 'The doom mongering rhetoric only works if the numbers show that. We haven’t seen them yet. So calm down.'

The 'doom mongering' is real. Like Enron, Wood made the numbers up out of 'thin air'. Deloitee's clearly looked at the numbers and they stank like a dead skunk. As a result, Wood is now in the process of reassessment of accounts. We will see them when we see them. It matters not though, as Wood will be sold to Sidara - I have no doubt about that whatsoever. BTW I am perfectly calm...Icecool on the other hand is Icey by name, but not by nature!

@Icecool 'Light, stop trying to rewrite history to suit the current board’s cowardice. You say the past offers are “meaningless” now because Wood was “sitting on a pile of crap.” Really? The same pile of debt. The same cash flow dynamics. The same capital structure. Nothing magically appeared in the last 16 months except a Deloitte review and a Board desperate to cover its own failures.'

The similarities between Wood and the downfall of Enron are very similar. Like Enron, senior management at Wood have cooked the books. Given the current Wood share price is a mere 18p, Sidara's offer of 30p is fair. The only way this will be increased is if Wood's Instituational Investors vote against it (unlikely) which forces Sidara to up it's offer; or another bidder enters the fray carrying balls of steel and a nervous disposition (also unlikely)!

Besides the unreleased audited accounts, the FCA is still lurking in the background like the Grim Reaper...also lurking in the background is Icecool and his Willie Wonka fairytale/fantasy short stories! Lol

@Garonne 'You definitely called Pru correct, James. Well done. How high do you see it going?'

Thanks Garonne - and pleased to see yoiu listened to JO. It's hard to predict as to the likely Prudential high as Asian growth regions can be unpredictable at times. Personally, I plan to hold long term and may sell a few (maybe 25%) at around £15 mark - but it depends on the Prudential's performance and future outlook over the comming months. For me, Prudential is a 'buy and forget' stock, (i.e. always buy at the lows) as it is bound to do very well over the medium-long term.

As per Wood's own RNS (previous to today's RNS on the scheme etc.) - it is clear that Wood as a business has been screwed since 2017 to date as per Wood's own RNS on cash-flow and debt.

The only way out now is a sale to Sidara (or someone else). Wood's lenders support the sale. Wood's institutional investors will support the sale. Therefore., there are only 2 questions/scenarios to play out now:

1. Will the Institutional Investors vote in favour of Sidara's first offer of 30p cash per share, or reject so that Sidara has to make a second offer/round and ups its offer to circa 35-45p cash per share. IMO most likley 30p per share.

2. Will another would-be buyer step in and make an offer to buy Wood (balls of steel buyers need only apply). IMO Sidara is it.

Any other other speculation is pure fantasy from the usual suspects (i.e. Icecool and his 'die-hard supporters').

@Cuphaflful The real question is why has the Prudential share price continued to rise since it hit a silly low of £6.00 a short while back to over £10 today. The answer is it was undervalued. The fact remains that Prudential is an excellent business that operates in growth regions. In short, it has far further to rise.

@Bob The funny thing is that I was the first on this Wood discussion board to mention that Wood contracts would stall due to uncertainty. I was yelled down by Wood-fans with blinkers on that the sales piperline was strong, that revenues were strong etc. I think you may have been one of those who may that argument back then. Due to Wood's RNS, we know the chickens have come home to roost, and sales/contracts/start dates have stalled as predicted. Anyway, once Sidara buys Wood, Wood becomes a strong company underpinned by the strength of Sidarra. This will restore confidence with all stakeholders EG suppliers, clients etc and therefore sales/contracts/revenues will pick up once more...and very, very quickly. I have seen this happen numerous times before with distressed corporates who were then bought out and provided with a stable footing to move forward. It's all par for the course.

Prudential just reached £10 per share. More to come overtime. GLA.

@Solentskier No doubt Wood will pick up loads of contracts/revenues under the new 'Wood-Sidara' brand i.e. from Sidara's home base of Dubai and the wider Middle East.

@FroggleBoggles I did use the word 'Puff' in a sentence your honour. But in my defence, it was simply a title which I thought may have been of interest to Icecool who has become rather hot under the collar of late with his fantasy scenarios, so I thought the 'Puff The Magic Dragon' story may calm him down a bit and help him become more grounded in his thoughts. A you can see your honour sir, it was an honest mistake made by your most humble of servants.

Now if you will excuse me, I need to be off to feed my new pet, 'Icey' the goldfish...Lol

@pennylots I cannot see any other buyers showing their hands until such time as Wood releases its audited accounts. If the accounts are better than expected, then the second buyer scenario could well play out. If the accounts are bad or worse then expected, the I cannot see a second buyer taking the rather large punt/gamble to buy Wood.

@Garonne Looks like my prediction could come to pass - Prudential's share price to hit £10.00 within two weeks of my post on 30 August...

@Icecool 'You can cling to the Sidara script all you want, but institutions can do basic math. And the math says the “desperate Wood” story is falling apart fast.'

If that is true, please ask Kenny-buy to issue an RNS to that affect...rather than spout the 'nonsense' that Wood recommends, endorses etc. Sidara's offer.

Oh that's right, Kenny-biy cannot do that because the fact is Wood WILL be sold one way or the other. The banks have had enough, and soon enough you will see that the institutional investors have had enough. The only way, the offer imporves, is if another buyer enters the fray.

Now Icecool, it's time for a bed-time story. Maybe you should read 'Puff The Magic Dragon' tonight! Lol