Member Info for Kando

"I wonder if wood are delaying the application to the fca for trading to commence?"

No, they have already applied.

They said in the investor call that they expect a response early this week.

"Try not to combust when the vote result lands"

The irony of this statement will not be lost on this board.

"imaginary profits from a $6.5bn order book."

They are imaginary until they're realized.

Ask Carillion shareholders how much of it's £16.0 billion order book - at the time of liquidation - was worth to them.

Ask them if they should have turned down an offer for their shares because the order book looked good.

Wood hasn't yet proved it can price contracts to actually make a profit. That's been the problem for years. It could have a trillion dollar order book and still be unprofitable and still have run out of money. With that already being the case.

You seem to confuse order book with profitability often, which is probably why your delusions have such persistence.

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"Actually, just checked my portfolio, turns out I am short after all. 🤫🤫🤐🤐"

Yes, we know.

"If you don’t like what I post or my analysis, hit the bin button, simple. Everything I’ve said has been backed up with logic, evidence, and actual numbers. The numbers don’t lie, even if the narrative you’re clinging to does."

Nonsense, you use no numbers that the company have provided you, you make up your own. You ignore the words the company release and claim its a conspiracy of misdirection.

I've posted you verbatim corrections, what the company has actually said, what the numbers actually were, and you're never interested.

You do your mental gymnastics and "that negative cash flow isn't actually negative" and "those disposals and this magic money tree the illuminati board won't tell us about mean everything's all good" and "disapplying the articles of association to not be in a event of default is just a technicality, and doesn't in any way mean the company is at risk of default, ditto the waivers for covenant breaches, it's all just inconsequential technicalities..."

blah blah blah and so on and so on.

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"A No vote’s the likely outcome now, whether you like it or not. 💯🔥"

It is not. Your tiny personal crusade will hardly register in the voting results. It will be an overwhelming approval.

...whether you like it or not.

"Do you fantasise about debt for equity? "

Ice does.

"If I was short, I’d be cheering for collapse, not arguing the company’s undervalued and pushing for a recovery. You can’t even keep your own logic straight."

The logic has been consistent.

Your behaviour is consistent with it.

You're short. We know.

Stop the spam.

You've destroyed all usefulness of this board hijacking it with your fantasy roleplay.

"If I was actually short, don’t you think I’d be deramping the hell out of it right now"

You are deramping the hell out of it.

You've been claiming this takeover is dead in 4000 emoji drenched tedious posts for months.

If that were so, that the deal were dead, the share price is heading inexorably toward zero.

D4E means full equity wipeout. Administration means full equity wipeout. Both end with the value of current shares at ZERO pence.

Get real with people. You're short but you're too duplicitous to acknowledge it. You pretend you're long so you can fool vulnerable investors - and there are clearly a number of them here - into voting no to a deal that will save them some value for their holdings. It's pitiful.

"How much do you stand to lose on your short Icefool...!?"

Mike, it's safe speculation that he's bet all the marbles on this one.

4000 posts deramping this takeover, and by extension, ramping the only alternative: equity wipeout.

He's short big time, and he's very very desperate.

Him and Aimmaster make for a nice little power couple.

Lightnotheat, you're talking too much sense for much of this crowd.

They can not read the situation and they don't want to read the situation.

They think a company leaking $400m cash in 6 months - to add to years and years and years of negative cash flow - is somehow a golden goose. The company would have de jure defaulted on their debt by breaching their own articles of association barring a disapplication. They breached debt covenants with their lenders and would have been in default barring waivers. They had creditors selling Wood debt at steep discounts trying to escape holding the bags on this. There's no money left for continued operations if the Sidara bid falls through - this was RNSed.

But that's all very scary to them, so they put on their rose tinted glasses and bring up the emoji window and pick their favourite pictures to make them feel good as they tell each other fairytales of a recovery with no equity wipeout via dilution.

The fact still remains, if no takeover then it's debt for equity or the administrators. Petrofac ought to be the obvious cautionary tale for them.

I suggest you learn to spell Mr Dickbat.

But no thanks, I'll leave your "vote for zero shareholder value" trading strategy to you.

When this takeover gets approval in a fortnight and Ice is ultimately proven the deranged Pied Piper he is, leading the rats with a trail of emojis off a cliff, you'll be thankful there were investors and institutions less masochistic and misinformed than yourself.

Unfortunately at the moment you need protecting from yourself. Read the results, read the RNS, read the balance sheet, educate yourself.

Don't believe all you read on an unmoderated message board.

Don't take investment advice that comes in the form of emojis.

"Why would you wish for a recovery from a short position?"

Bob, it isn't complicated.

What he wants is for the Sidara/any takeover to fail.

To do that end, he's selling a fugazi that there's any prospect of an organic recovery that doesn't involve shareholder wipeout.

There isn't one. Factually, there isn't one.

The company have consistently emphasized there isn't one.

If you vote no, you're voting for 0p for your shares. Lenders will take your equity, or administrators will allot any carve up value to creditors, leaving none for shareholders. That's your choice when you vote no to what is - if you've seen the accounts and takeover recommendation - the only way Wood continues as a going concern. There's no money left to fund operations. The debt is coming due. There's no more rope. It's takeover or it's PFC mk.2.

Believe IceCool at your peril. He makes money if this goes to zero.

"Kando what are you talking about!? Ice is long and in profit if it goes at 30 or goes it alone so he’s a winner either way"

If you believe that I've a bridge to sell you Mr Dickbat.

"Where are the doom merchants hiding tonight? 😏

No Kando, no Jo, no Banbury, all vanished the second that $105m disposal dropped. 💥

Guess the Wood’s finished brigade didn’t have that one pencilled in their spreadsheets. 🤣🤣 The silence is deafening… hilarious really.

Funny how fast the narrative collapses when actual cash hits the bank and the accounts aren’t catastrophic. 💯

I’m living in a fantasy world…. 🌍 🙄🙄🤡🤡"

Truly, what are you talking about?

We posted all day. You were called a Turkey more than once.

The results were, as usual, fatal to your fantasy. Funny that. The vote will lead to approval, with or without you. There's no money left, revenues down, cash flow blew out beyond forecast and the new board (since you claim the old one has now been "purged"...ha ha ha) reiterated that the takeover is the only path that doesn't lead to zero value for shareholders. Torrens, your new saint and saviour, again emphasized that in the conference call. Your plan B is nothing the company is entertaining, because there isn't one. Plan B is a hasty debt for equity deal or the administrators.

Your short is cooked, still. More cooked today than it was before the results dropped.

Those who are long will make some money back on a yes vote, and those who are short like Ice will lose their shirt, again.

Sorry, but it looks like you're about to lose.

I wonder how conspicuously silent you will suddenly be after the vote.

"The 2024 Results are as bad as anyone sane had thought all along ... only the fantasists living inside their own heads think different ...

You are nothing but a FANTASIST looking for an audience , Ice ...."

This sums it up.

Cheers guys, hadn't been able to find that link on their site. At least they have actually been released then.

Hope so Daz, energy is the new gold. Private equity ought to at least be contemplating owning someone like Wood. There's a cash engine in there somewhere, with good management and historic sins washed away.

Well they haven't yet released the FY24 results, only HY25. So they won't be compliant for relisting.

They've only announced that they've published its audited accounts for FY24, but hasn't, as far as I can tell, actually published them to the market.

Typical for Wood to mishandle it.

They still have released the FY24 results anywhere as far as I can tell, only a mistyped "HY24" that was reposted as HY25. They won't be in compliance for the relisting of the shares until they do so.

Must they make a mess and delay of everything?

Icecool says "net debt’s stable".

The reality in the audited accounts:

"Net debt (excluding leases) was $1.1 billion at 30 June 2025

o An increase of $390 million from 31 December 2024 position of $683 million"

"Cash flow: Still weak, but not catastrophic."

What are you smoking Monty. They guided to 150-200m cash outflow for the whole year....

They reported negative cash flow of over 400m from just the first 6 months!

"👉 In other words: the accounts were less bad than the market had been led to suspect, which is why the share price reaction was relatively calm."

The share is suspended and the market is closed... Yes the share price reaction is "relatively calm." Some would call it positively frozen.