Member Info for JamesOxford

@johnychainlocker Let go of SG2025's apron strings and DYOR.

@SG2025 I think Sidara's bid will be minimum 35p and will process while shares are in suspension. This appears to be what is communicated via Wood's RNS updates.

What reason are you invested if not the above?

@SG2025 I think you should charge johnychainlocker for your lessons in basic stock market practices. Lol

@SG2025 Out of curiousity - are you still invested in Wood? If yes will you remain so through suspension?

No RNS so far. How intriguing. Smart play. Must be plenty of nervous shorts. Lol

@AimMaster 'Is tomorrow the eve of suspension ? Either way it is probably going to be very volatile. Imho I intend not to take any position.'

No surprise there...you were never going to take a short position 1-2 days out from the suspension date. You ought to have closed your short position in full on Friday, rather than let it drag on into Monday when the share price increased. You missed out on profit imho

@Rock8 If the audited accounts are not ready by then, no doubt Sidara and Wood will request/agree a further extension. Naturally, any such request/agreement between the two parties (Sidara and Wood) needs to be agreed by the authorities for obvious reasons.

@Dazpink You could well be right re circa 15 May. If the audited accounts are not ready by then, no doubt Sidara and Wood will request/agree a further extension.

@Yorkshireblues Last trading day is tomorrow.

I expect an RNS update tomorrow to confirm suspension, debt extension waiver approved, Sidara talks continue and AOB (may include update on audited accounts 2024 timeframe etc).

GLA

Expect shorts to close tomorrow. Wood ought to be a highly traded stock tomorrow. I am happy to remain invested through suspension due to clear upside from here.

Sidara buys 35p or ups offer to 40-45p to ensure deal recommended …or another bidder enters the ballpark…or Wood rejects offer, refinances debt and restructures company…all to play for here.

GLA

No Wood investor needs to be concerned. The fact is this company has very high revenues and is forecast to increase further with deals being written on a weekly basis. If revenues were down and progress on sales were slow, there would be reason for concern. However, as anyone in business knows sales revenue is key. Businesses can be restructured easily enough. Sidara knows this. Apollo knows this. Wood knows this.

I look forward to the RNS update this week. Then hold through suspension for either Sidara to buy wood, or for wood to reject Sidara’s offer and restructure while in suspension.

If I were Sahara, I would offer 45p to ensure the sale proceeds, as I am not 100% sure 35p would be approved by investors at 35p especially if revenues remain strong and the audited accounts for 2024 are reasonable.

Should be a huge upside from here in terms of share price increase from current levels either way.

@AimMaster last time I checked on Friday you said you had closed your short position and left a percentage for the drop on Monday. Looks like you were wrong imho

Looks like you should have listened to JO when I predicted the lowest the share price will be is on Friday which is when I added significantly and you should have closed your short in full imho

I knew you would never hold into suspension which you would have done if you had conviction of what you had said on this board ie Wood is doomed etc. imho

Never mind enjoy your few pence profit imho

@Icecool as I mentioned last night the institutional investors would have been consulted already by Wood and are ‘minded to accept’ the 35p offer on the table. Institutional investors do not like to make or suggest wholesale changes at board level it is not a good look for investors at all. Yes, they will be frustrated, but they will simply take the 35p and move onto the next investment. You win some you lose some.

@IceMan 'The good thing is it’s pretty simple from here, either I’m right and the SP rockets way past 35p once we’re off suspension, or JO/PC are right and institutions accept 35p.'

Yes I think the Sidara buyout is more likely as it stands. That said, I will happily accept either of those scenarios.

Goodnight all

@Surin I think that is a bit harsh. I think PokerChips has made the odd blip - but overall been pretty forthright in his opinion that the Sidara Wood deal is a done deal. I agree with Pokerchips' broad analysis in this regard.

@PokerChips Surin is right, after the deal is completed, Sidara's facility will be subordinated i.e. secondary (like a second mortgage) to Wood's RCF and Term Loan facilities and private placement notes. This will be a standard condition from Wood's lenders.

@AimMaster Welcome back after your haircut and workout. I ahve a few questions for you:

1. Curly or straight? I say Curly for skinny face, straight for fat face.

2. Did you close your short today? If not why not? You know today was the best day to safley close your short.

I still say go long into suspension (it will be less time than you think) so buy at these levels say 20p and wait for the sale for 35p. 15p profit. Easy money, so you can buy a new pink poker-dot dress to match your red ruby shoes.

Far better than go short and buy at say 20p and sell at say 17p-18p for a mere 2p-3p profit...not enough profit for your next haircut...maybe just a light trim! Lol

@Surin "Poker you say `Sidara are offering to input $250m to help pay off the RCF and other debts' please advise where this is said."

Surin, PokerChips may have left to watch re-runs of Coronation Street or Hill Street Blues.

The fact is that the above was NOT mentioned in Wood's RNS. Pokerchips probably just typed as he saw fit late on a Friday night.

The initial tranch of $250M from Sidara to Wood is for liquidity purposes. IF Wood receive this tranch it will be up to Wood as to how, where and when these funds are dispersed/allocated.

@IceMan Don't worry - it takes time to cross the 't's and dot the 'i's.

The update on the waiver will be included in Wood's RNS next week.

@PokerChips I know we've sparred with each other before here and elsewhere...

But on this occasion with Wood I think we are in agreement. Lol

@Surin 'Poker the initial $250m Tranche is not far from the $150m- $200m KG talked about...'7

That is why Sidara AND Wood and in discussions on terms with WOOD'd lenders.

This is the biggest clue that Sidara will buy Wood.

Anyone invested in Wood recently will make a nice little earner (once Wood satisfies Sidara's conditions - remember Wood and Sidara are working on agreeing to Sidara's conditions at the moment as per Wood's RNS).