Member Info for Jxp101

Well done to the Management team 👏👏

In 2025 and plenty of dividends as they pump that oil!! Exciting times here. Then BP come in and offer £5-£7 fora takeover.

Still innocent children are being killed. and no matter what people think about Hammas. children should not be part of it. but yet the west turns a blind eye to Netanyahu objective. it's a cruel world we live in.

Go and help Hammas. You care so much you should be over there helping them

I think the management team are out of their depths. Maybe time for a change - worked wonders at GKP (J Harris).

No real surprises in the results.

All those promises last year about cost savings.

Don't trust them with your money - dump this. Repeated under performance is unacceptable.

S4 is a very long term hold IMO. There is risk but I genuinely believe if people buy into managements strategy and market recovery we could see +£2 but again we are talking 2-3 years.

It's oversold. Patience is required

Clearly an opportunity to profit from the downslide.

@Maverick I agree with your 3 digit sentiment. It's just frustrating that pipe news isn't getting priced in here.

More pressure from the US to get things started and IOCs holding off will hopefully clear the arrears. US sanctions on Iraq won't go down well for Iraq leader. The IOC's are playing this smartly

In the context of a takeover the current share price is somewhat irrelevant. Of course, they won't offer £10. Usually in these circumstances they will have or will be hiring the same due diligence team they used last summer to crunch the numbers and provide a valuation of the business. In that valuation there will be many assumptions both upside and downside before a price for the business is translated into an offer price. Some metrics since their last offer will go against us but others will still be in favour (cost savings, new/renewed contracts). In past deals I've worked on much of last years work will still remain and assumptions revisited based on actual outurn for past 6 months.

Https://stratnewsglobal.com/west-asia/iraq-calls-for-meeting-with-global-oil-firms-to-discuss-kurdistan-contracts/

Speak English you moron.

I was about to say the same. Lol

The negative cashflow outlook for 2025 in the last update and unfinished Deloitte review are big contributors to the current share price along with management that keep surprising the market. That being said - Sidara will not place too much on those factors when making an offer because those are short term hurdles the business could overcome under new management. The offer will be made based on long term value offered by WG to Sidara and that will be based on a combination of future cashflows, synergies, technical expertise, cost savings etc. Also, depends on how much detail they go into recent contact wins/renewals assuming some new value will be attached to those too.

'Sidara will offer what they reasonably believe might be accepted by large shareholders. This is not below 100p'

Sidara are not naive. WG has already announced cost saving measures but there will be further cost savings for both entities under one entity that could come to the tune of many millions. So beyond just the forward order book there are further cost savings to be had which is why they are interested more so now than last summer and a deal should be completed.

@MrGonzo - yes, mainly to widen the fishing net in terms of identifying opportunities to buy in the US. Otherwise it is a very manual task. Obviously don't take everything it says as fact but do some research upon identifying opportunities.

Sidara won't get another chance at getting WG. They know this and will close it this time around given the first opportunity available to launch another takeover - they took it.

I guess putting things into perspective. The institutions invested in WG are not that sensitive to the outcome in my view. Looking at their holding of 1%-5% going by TR forms in the grand scheme of things WG will represent 0.0005% of the total funds they manage. So for that matter I don't see them holding up the voting if a price proposal was put forward like all of us you can't win every trade and ii's don't either. Retail investors are naturally more sensitive to the outcome depending on their leveraging in their own portfolio.

@Yorkshire - Jxp, look through the previous posts please. It's all explained there.

Thanks. This one from 24 Feb? Please explain your £1.30-1.40? Valuation? I'm assuming you work in corporate vak

valuations so I'm curios how you arrived at this! But please explain using the last update and 2023 accounts how you got to these numbers?

Sidara won't offer anything below £1. Ignore the current SP. It won't be anything above £2 either. Something between £1.30 and £1.50 will secure the deal IMO.