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Lizard,

Ze and his team of crooks have nationalized at least a dozen of large, successful businesses in the last couple of years. Those had been mostly owned by oligarchs previously, basically siblings of FXPO

FXPO is still independent only because of its LSE listing. But this does not seem to be an unresolvable issue any longer. They have just changed an approach a bit

Putin is guilty in everything, FXPO’s share price and ownership structure including, lol

Seems that Ze&Co are somewhat reluctant to seize FXPO directly. This can affect European support of Ukraine. As the US support clearly diminishes, this is the risk they’d probably like avoid even if it’s a remote one

A refusal to refund VAT is a great way to eventually control FXPO assets. The company will have to halt production simultaneously, fire its personnel and in the end go under

Plus this saves the Ukrainian budget $11-12 mn every month

Apply the same 40% premium they have used and the offer price would become 27

If we go to 15p into the suspension, then 21p

35p offer at 15p share price is hardly realistic

If my memory serves me, last time Wood reported that they had spent $11 mn on deal related costs

Not sure why that much given invest banks are paid success fee and it was supposedly Sinara that had paid for due diligence

This time the costs will most likely be higher, given the magnitude of most recent issues

That said, these are all sunk costs, which would not affect the final decision in any way

So saying that Sidara can’t walk away from the deal because they have spent so much money on DD is simply such a idiocy

The level of discussion for icefool, jamescambridge, robertwhatever and a few other simpletons

They haven't been seized, just frozen for the time being

Madjed, you dont even seem to understand the difference between revenue, EBITDA and cash flow/ You should definitely consult ChatGPT, lol

Wood had to announce a $10 mn contract, that's less than 0.2% of their annual revenue

So is this Wood's most positive news, as we speak?

Obviously it is just a joke but would not it be hilarious for Sidara to offer 23p, which is exactly 10 times lower than what was discuss previously?

If I were them, I would definitely at least discuss it internally, just to make everyone laugh

And this resources deal, if signed the way Americans want it, will be nothing else but a public humiliation to Ukraine

As long as there is a likely scenario of losing at least half of its assets and FXPO’s financial position becomes worse and worse from month to month, all external events are just a noise

And for the most part of 2024, they said again and again that there would be a significant cash flow generation in 2025

None of these statements are relevant any longer for a number of reasons

Kenj, until you try, you never know. Basically, company's future now is solely in the hands of Sidara. They offer 20p, we will have to accept

Why hasn't Wood launched a formal sale process to attract more attention from potential buyers and have more leverage in its discussions with Sidara?

Any thoughts?

It's unlikely that current lenders would sell their debt with a substantial discount. Why should they?

Currently, the debt is being served. The level of indebtedness is not awful. Breach of covenants so far is mostly technical in nature

So paying $1.0 bn to buy debt at nominal value and then to go through a lengthy and somewhat unpredictable bancruptcy process - I doubt very much this makes any sense

If Sidara walks away before the suspension claiming it is due to Wood's serious financial difficulties, the share price will go well below 10p into the suspension. This would leave no room for any equity raise and we are doomed

So any deal with Sidara is better than no deal. Be it 25p, 20p or, fingers crossed, 35p

If this idiot IceCool is right for a second that the deal is dead and hence the share price of 20p, it means that this deal would be a great thing for shareholders. No deal almost halved the price, great

Still this cretin continues to claim Wood should have rejected the deal and gi on its own

Go figure

Med, it is called “When everyone is laughing at you and ChatGPT is the only one willing to discuss this nonsense”, lol

Keep dreaming, Dave, keep dreaming. You dreamt for 200+ offer, you are now dreaming about a similar unrealistic scenario

If the share price is 35p, then every single shareholder will want to sell before the suspension

The share price will likely drop next week, no doubts about that. Unfortunately

There is no shortage of sellers, shorters will have no problem closing their positions

Aim, people are saying that if we get 35p, then we are extremely lucky. Normal people are also saying that the deal can collapse for a number of various reasons. They are adding that once the shares are suspended, Sidara will have even more leverage on Wood and can offer whatever it likes

Normal people, of course))

To start with, it is silly to try and re-calculate this $450 mn of cash injection on a per share basis. It has nothing to do with the Wood's shares and its shareholding. It has nothing to do with Sidara's buying out the existing shareholders. It is just part of the larger deal, which Wood's shareholders will need to approve

I disagree. If there is a competing bid of 50p, then it makes no difference to the existing shareholders how the new owner will resolve Wood's liquidity issues. Obviously, no one will pay hundredss of millions to get something which will immediately go under

So the new shreholder will decided whether there will be a cash injection, refinancing of existing debt, addition of a new one or something

The only thing which matters is how much the shareholders will get out of the deal