Member Info for JamesOxford

@Icecool Unlike your good self I do not rely or refer to AI in any way shape or form. My words and posts are entirely my own. As for your statement as to how the Wood saga/scenario finishes up, I do think you live in a fantasy world. I could pick it to pieces, but it is comedy gold! Lol

If I am right and Sidara buys Wood you can buy me a drink at your favourite pub Wetherspoons in Aberdeen. If you are right with your weird and wonderful fantasy-analysis, then I will watch the original movies The Wizard of Oz, then Willy Wonka and the Chocolate Factory, and think of you!

Does anyone on this Wood chat room want to bet their house on Icecool's fairy-tale scenario? If so, I'll take that bet! Lol

@Davius62 'This really does look like a done deal to me. 30p it is, to be voted for in January. Unless a rival bidder emerges once we have the accounts published.'

Agreed.

BTW Re the 2.7 document. I read this document with interest. The devil is always in the detail. Obviusly, if Wood is not bought by Sidara (unless a surprise bidder enters the fray), then creditors will be satisfied first...shareholders last, and the leftover crumbs for Wood shareholders will unfortunately be very small and very few and far between.

@Icecool 'Let’s see who’s correct in the end shall we.'

My 'correct' scenario (i.e. prediction) is that Sidara buys Wood. Pretty simple. With luck another buyer may come in to push the Wood share price up, but either way, the mould is cast and Wood will be sold.

Icecool I am not sure about your 'correct' scenario. From memory its that Wood's fundamentals are strong, the Wood BOD ought to be sacked entirely (although most have left/resigned already!) at the next GM (even though the entire Wood BOD could have been sacked at the last GM...but wasn't...not by a long shot), the auditors will work miracles with Wood's accounts and turn a blind eye to the 'mis-reported', 'falsehoods' and signifcant 'writedowns' in the accounts (as identified by Deloitte's review of Wood), and once Wood's miracle audited accounts are revealed to all and sundy to be brilliant (even though it is more than likely Wood's management in the know have seen draft reviews/reports/accounts)...then and only then will Ken and the BOD wake up from their self-imposed nightmare and proclaim that all of their expert advisors (literally half a dozen specialist advisor companies, not to mention banks/lenders) were all wrong, and the one and only 'Icecool' was right...and therefore Wood will not be sold to Sidara, but instead - based on Wood's miracle audited accounts - Wood will renegotiate it's crippling cashflow and debt situation with all its banks and move onwards and upwards on their own and become one of the world's top global playters in the O&G industry. Er, did I miss anything? Lol

@Icecool You claim that I made an AI generated post, even in part?! Lol You do live in cloud cuckoo-land!

@DanSteeley @Solentskier The £2.30 offer was then. This is now. Unfortunately, that's just the way it is.

@Icecool Your silence is deafening. You have moved from umpteen posts a day to maybe one or two. Why? Simple. Your reasoning is flawed and your ramping is pointless. Wood's own RNS shows that Wood has no clothes. Your posts are BS dressed up as fantasy, plain and simple.

Icecool when you say that Wood's RNS had 'Sidara’s fingerprints all over it. The tone was one sided, light on substance, and deliberately negative'. I disagree. It was Wood's RNS update to it's own shareholders and the market in general. Wood has finally come clean and summarised their position after several months, and my take on the Wood RNS is that Wood is in a dire situation...the audited accounts is a foregone conclusion. No doubt draft accounts (in the main) have been sighted, and there are no 'miracle turn-around accounts' to be relied upon. Wood's current business sign-ups are not where they should be (especially given teh sales pipeline previously announced), and start dates have been put on hold in many cases...it's all there in Wood's own RNS. That much is clear to most clear-headed and realistic investors.

As for those 'investors' (such as Icecool and Graff) who live in fantasy-land, well the numbers can be whatever you want them to be...until the accounts are published that is! Icecool always drums on about Wood's strong 'fundamentals'...however, as most experienced investors knows - it's simply make believe inside Icecool's own head! If - Icecool and Graff - as you believe, Sidara's offer is so very bad, and Wood is in such good shape...then where art thou other bidders? Come out, come out whereever you are!

@Graff You posted earlier that 'My sources say Sid will not get Wood.'

What sources..? What do 'they' say? Or is it more of your fantasy-talk...

@Graff You clearly have still not read Wood's latest RNS in full. Read it over three times - without distraction of social media, tv, radio and other noise affecting your concentration and clouding your judgement . Then, and only then, Wood's RNS...in their own words...may finally sink in. At that point, you may be able to take your head out of the sand, take off your rose-coloured glasses and remove yourself from the matrix! Lol

First line of article reads (Besides the 30p offer to shareholders): 'The deal will see Sidara assume US$1.6 billion of Wood’s debt and inject US$450 million of fresh cash into the company.'

Another bidder will need balls of steel to match this. Hopefully such a White Knight will arrive soon to drive the Wood offer up for the benefit of shareholders.

If not...Wood and its employees can securely carry albiet on under a new chapter.

GLA

Good summary article of the Wood situation:

https://petroleumaustralia.com.au/bnf/sidara-acquires-wood-group

@petesays For me no news is just that. No news.

@GRaff Your head is buried firmly in the sand. Whereas, I base my analysis of “dire” situation on Wood’s own RNS along with other events. You ought to re-read Wood’s most recent RNS - all the most up to date and relevant information is there and is a summary of how the events of the last several months have played out to where Wood is at now.

IMO the only way the Wood price can increase is via a second bidder…who has balls of steel!

BTW As a Wood investor albeit a late arrival, of course I want Wood to produce stellar results. However,I still have yet to see an RNS to show such results.

@GRaff The Wood situation is dire - no doubt about that. Sidara's idea to possibly implement a court-sanctioned scheme ought to be the last resort. It could be that Sidara are concerned that not all institutional investors are 'on board' at 30p per share...it could also be that Sidara are sending a message to any other would-be buyer (i.e. to try to scare them off) that Wood is in one heck of a mess and needs to be bailed out one way (usual offer and acceptance by shareholders) or another (court-sanctioned takeover). One thing is for sure that the Wood roller-coaster is the ride that keeps on going...twists, turns, ups, downs...!

@Isle You are quite the character. Take a look at my posts and you can easily work out when I bought. Lol

@Dyorinv12 Er no sorry wrong again, I did not expect 100p, and I bought am in a comfortable profit at 30p. Once again your statements are incorrect.

PS. You still owe an apology to BeardedDragon who pointed out your previous post was false.

Apollo is still on the hunt for decent global businesses - cash buyers. See link below.

The question is: Will Wood qualify as a 'decent global business' in Apollo's eyes?

Wood and Sidara at the table, will Apollo ask to be dealt a hand...?! All to be revealed soon enough...

https://www.apollo.com/insights-news/pressreleases/2025/09/sumitomo-corporation--smbc-aviation-capital--apollo-and-brookfie

@Dyorinv12 Today you posted: 'Now it’s almost certain the deal will close at around 30p. I have been saying all along that this is the correct price....'

BeardedDragon replied that mid-June you posted:

ou speak with forked tongue with your "I have been saying it all along" nonsense. Here is what you posted mid-June...

"What happens next?

• The board will likely reject a formal offer at 35p if made, citing:

• New contract wins like ADNOC. Woods group is worth more today than it was just one month ago

• Improving order book and market conditions

• Medium-term upside in energy transition and digital services

• If Sidara wants the deal, they may need to raise the bid to 45–50p or more.

• Other bidders come into play

Summary: Dyorinv12 despite your post/brag today that: 'Now it’s almost certain the deal will close at around 30p. I have been saying all along that this is the correct price....' BeardedDragon is correct and called you out for your false statement as you definately did not say around 30p all along. So BeardedDragon pointed your false statement out. Now suck it up, get over it and you owe an apology to BeardedDragon and the rest of this board for your false statement 'saying all along'. You have zero credibility.

I have no doubts whatsoever that Wood will be sold to Sidara. Even if another bidder enters the fray, Sidara ought to see them off.

Sidara needs to buy Wood to take them to the next level. Sidara's pre-conditions are commonsense and all are achieveable, even when outside of Wood's direct control. All those 'outsiders' know the importance of the preconditions and associated deadlines, and will work to ensure the work is completed and the deadlines are met.

The only real question is whether or not another bidder will turn up in the 11th hour. It seems to me that at the moment at least Sidara is the one and only interested party, and that other would-be bidders have put this in the too 'hard basket'...for now at least. Unless Wood produces better than expected audited accounts, then other would-be bidders will pass on this 'opportunity' due to the number of 'red flags' prodecued by Wood over the past few months.

I doubt the Wood share price will reach 30p per share. Of course, IF Wood shares are listed, there will be plenty of buyers at 18p immediatey upon the open...which will fall to large investors of course. This ought to drive the price to circa 25-27p. However, it is unlikely to rise further, as profit takers will sell rather than wait for the 30p Sidara offer to be formally completed.

Of course, if another bidder joins the party with a higher offer - that will drive the share price higher, as it is likley there would be a bidding war between the two parties. That would be a big IF, as Sidara is deeply engaged with Wood and Wood's lenders...so there would be lots of work to do. Also, another bidder would have to have balls of steel as Wood's situation has been revealed by their own RNS to be dire indeed, combined with the fact that it is a very uncertain investment world at the moment. On balance, my fellow Wood shareholders, we would be very fortunate indeed to have a second bidder enter the fray. But, never say never!

Given Sidara is the one and only offer on the table - and given Wood's dire situation - naturally the deal is titled in Sidara's favour. However, I would not say it is massively tilted in Sidara's favour. Sidara had to lower its original 35p offer, due to the FCA investigation and the uncertainties around that and any potential adverse outcome/penatties that may apply.

Further, it appears that from Wood's own RNS and as I stated quite a while back - that Wood will not be winning as much business as it could due to Wood's unstable foundations in terms of financial strength (or lack thereof). This means that Wood has not only been unable to write more business, but in the contracts that have been won, there are - by Wood's own admission - delays in start dates etc. due to the aforementioned.

Therefore, Sidara's offer of 30p is reasonable given Wood's current share price of 18p, Wood's dire financial situation in terms of net debt and negative cashflow for the forseeable future, and Wood's lack of winning new business/contracts (despite Wood's earlier update that it had a pretty decent sales pipeline), not to mention delays in Wood's new business start/commencement dates.

Like it or not, Sidara is Wood's (and therefore Wood's shareholders) 'White Knight' for the sum of 30p per share.

If Sidara has a real bargain, then another bidder ought to declare soon. Time will tell...

On that note, I do think that Sidara was 'invited' to take another look at Wood. Therefore, logically, surely the same powers that invited Sidara would/ought to have invited other parties, such as Apolllo to take another look. Maybe Apollo and any other parties, quietly said 'Thanks - but no thanks'... Maybe... So perhaps that means we can only expect Sidara to be the only bidder at the table...in which case, the offer is the offer. Take it or leave it. That my friends will be up to Wood's institutional investors, and the vote will be in favour.

Let's all hope for a second 'White Knight' to drive up the offer price!

PS. Reform and Tories have said they want to expoit O&G in the North Sea. If Reforem or Torries win the next election, then the future for Wood looks very bright indeed. Sidara will know that, but it will be tempered with the fact that the large Wood ship needs massive repairs to plug the many holes first.

GLA