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Interestingly, the market gas turned out to be extremely efficient in our case

The share price originally jumped to ca. 40p and that was reasonable for a 40-50p bid to come shortly

It then dropped back to 25p as the negotiations progressed

The offer is a 40p premium eventually, fully in line with market practice

It is a good lesson for those believing market is stupid

Claiming now that there is a guaranteed 35% return is the same as claiming the bid will surely be over 100p two weeks ago))

As I already told, I would not be surprised if the share price plunges after 17th April into the suspension

Maybe not into the teens, as could be the case without this offer news, but possibly into low 20s

We have no clue what’s in Sidara offer and what the are proposing in terms of cash injection, we can only guess at this stage

It is however clear that this cash will only be provided, in whatever form, if Sidara buts Wood’s shares at 35p

Wood is trying to save its employees, its clients and its legacy. Unfortunately, at the expense of its shareholders. But this is not something unusual

MyMasterPlan, the board has basically confirmed today that Wood is one step from a bankruptcy

Without several hundred million dollars of injected cash it would just go under

There will be no 5p this year, there is just no ground for this. If we are back to 3p, then we are lucky

I will definitely sell at that level

This is the most delusional board on any particular stock I have ever seen

Medjed, judging by today’s performance, it i obvious the market thinks the deal at 35p is far from being agreed

Tomorrow it will likely be 25p again

If it just an extension and there is no more clarity on the deal, the price will almost certainly drop, other things being equal

Well, at least Icecool has the balls not to disappear from this board and to continue posting

But one can’t be so naive, it is like a 14 year old child discussing some serious stuffl

If the deal is extended on Thursday, I wonder what the share prices will be in suspension?

How many shareholders will want to sell before 30th April not to risk further?

Season 1 “Sidara wants it and it won’t get it cheap!” is over

Season 2 “A bidding war is coming” is officially on!

Lol

Regarding the formal bid I think chances are that the figure will be lower

The board already confessed that they would recommend the 35p offer. Why would Sidara offer that much then? They should just test the limits

Scrolled down through what has been written today

Can’t believe my eyes that there are so many people thinking they have anything to do with $450 mn cash injection

Is it just a denial phase or what?

Firstly, this cash injection can be in a form of a long-term debt. There is no info of that

If not, then it is just an increase in share capital, once (and only if) they become an owner of 100 per cent

Icecool, how about 70p being a silly offer now? Never to be accepted by the board!))

So Sidara will get Wood for 15% of what was originally rejected

Nice deal for them, timing is ideal

35p, lol. Not even 50p I hoped for

Just a standard 40% premium to the 25p share prices, nothing more

Where are all these idiots with “200p for a starter”? Bunch of amateurs

Jeksomin, what do you think will happen to the share price if 49% of key assets are transferred to ARMA?

What do you think will further happen to the share prices if following the above there is a police raid to FXPO’s premises and arrest of its key personnel?

Icecool is like a parrot repeating the same nonsense again and again as if this would make it more sensible

$450 mn EBITDA, profitable business, minor issues

Every single statement is either a lie or irrelevant

Icecool, you whole post is a complete nonsense:

1) If Wood has breached their covenants, the lenders can demand debt repayment in full abyss time, not in Oct 26

2) You can definitely kiss $450 mn EBITDA goodbye in the current oil price environment

3) Regardless of EBITDA number, Wood was going to lose $150-200 mn this year, from FCF standpoint. In reality, it will be closer to $250-300 mn but we’ll see

4) Clients will postpone and cancel projects, it just takes time. Wood will announce it after it has happened. Expect revenue to drop this year and next one

5) If I were contemplating a large O&G project, I wouldn’t give it to Wood in its current shape and form if there are other competitive offers. Just way too risky. Or I would structure it so that there are no prepayments

6) The worst case scenarios is that equity is completely wiped out, one way or another. A classic understatement of risks

Bonzobob, out of curiosity, if the share prices drops to 15p post 17th April, is it “much further”?

The market price of a liquid stock is the best equivalent of its fair value. Everything else is pure fantasy. Those dreaming of multibaggers just ignore the risk that the company can go under. What they consider to be the base case is in most cases an extremely optimistic one