Member Info for manfor

OK

So last day of trading is Wednesday

Is last day of trading before suspension on Tuesday 29th or Wednesday 30th ?

So nobody from WG or LSE has even said yet when these shares will be suspended?

Seriously?

How can a market function when nobody even knows if WG shares will be trading on Wednesday morning or not trading?

It does not make any sense

So when will the decision be made?

Is last day of trading before suspension on Tuesday 29th or Wednesday 30th ?

WG will be sold within a few weeks for a minimum of 35p

No possibility of Sidara reducing their offer now because nobody will be minded to accept a reduction to an offer that has already been provisionally accepted by the directors and major shareholders

Good chance though that Sidara may be forced to increase the 35p as another bidder could arrive at any time with an increased bid of 45p or more

Also a reasonable chance that Sidara will not get sufficient support from major shareholders at 35p

If this should happen, WG will remain independent, they will successfully refinance without too much difficulty, and the shares will probably be over £1 within 2 years

The low share price now is mainly caused by small shareholders who are holding just 5% of the shares getting scared out of their shares by market makers and shorters, and a few unpleasant characters on here like Aim and Carrot trying to spread fear

Institutions are not even involved now as their 95% of shares are being held by them and not sold as they know that a minimum of 35p from Sidara will be paid very soon

Hold on to your WG shares for a guaranteed 35p from Sidara in a few weeks, or for a higher bid from Sidara or someone else, or for £1 within 2 years should WG remain independent

Falcon Flyer

No problem

I am chilled

I am not bothered

lol

Falcon Flyer

“but that's there problem, not mine, I'm chilled no probs with my gamble”

That is about 10 times you have said the same thing

So we have all got the message now

You can afford to lose

You are chilled

You have no problems with the gamble

So no need to keep repeating the same things in every post

Icecool

“Institutions didn’t act early enough. That’s exactly what they’re trying to avoid here with Wood”

Is there any evidence that Institutions are going to do anything here?

Are they even talking to each other?

What makes you think that they have a plan here to get rid of the useless CEO ?

Icecool

“You want examples? Petrofac, Provident Financial, or Capita”

But these all nearly collapsed and they have never really recovered

Are you saying that WG will be the exception?

At what price do you expect WG to be sold?

And if it is not sold what price do you expect it to be in 2 years?

Icecool

“the institutions are applying pressure. It’s classic tactics”

Can you name any previous shares like this where the institutions have deliberately allowed the share price to collapse?

Icecool

If you think that the 35p offer price is far too low for the Institutional Investors to accept, would you not usually expect the current WG share price to be trading at above 35p?

Who says they need £450 million ?

Show us the proof and show other interested bidders the proof

It is just a number that has made up by Sidara to keep the offer price for shareholders as low as possible

WG have no need of refinancing until October 2026

RNS

“The Board of Wood believes that the Company needs to have a more sustainable capital structure, and this requires substantial new capital in order to diversify Wood's financing sources and reduce its indebtedness over time”

OK

RNS

“Sources of new capital could include a substantial issue of new equity, significant disposals or a combination of both”

OK

So the consulting division is worth between £600 million and £1 billion

So why not sell it?

RNS

“Work continues on a range of alternative refinancing options”

Good

Either sell the consulting division or get the refinancing done

Also tell Sidara to get lost and they are not welcome to come sniffing around with their insulting offers of 35p again

Also get rid of the useless waste of space CEO and get a new CEO who actually knows something about the industry

And the WG share price should be over £1 within the next year

Problem solved

A bid of 35p is fairly insulting after the previous bid of £2.30

Institutions will most likely reject and Sidara will likely return with 45p

This is also likely to be rejected and Sidara will likely increase to 55p

This 55p offer may then be accepted

A far better outcome however is for WG to remain completely independent and to get the refinancing completed

The Institutions should just politely tell Sidara to go away and they should also demand a new CEO for WG as the current CEO is completely useless

And in two or three years the WG share price should be well over £1

James Simon

You do not seem to be very bothered about losing over £2 million today

I think most people would have been a bit upset !

The talk of no leaks during the discussions was probably all nonsense

If the offer price had been over £1 or £1.50 the share price would have moved towards it during the last few weeks

But the share price never went over 45p

The market obviously knew that there was no chance of any high offer

prices over £1 or £1.50

It is not possible to keep these things quiet for several weeks unless the people involved in the bid discussions are completely segregated for the duration of the bid discussions and with no access to any phones or emails

So the offer price must have leaked

Expecting a bid of £1.40

It is highly unlikely that the institutions who own over 80% of WG will accept a bid of less than £1 when a bid of £2.30 has recently been rejected

So any bid of less than £1 will most likely be rejected

Any bid of £1.20 or more will probably be accepted as it is not less than 50% of the previous offer

WG and Sidara will both understand the need to avoid making an insulting offer that is less than 50% of the previous offer

What will happen after 30 April?

Will financing end on 30 April?

Does it mean that the banks and creditors can take control of WG?

Does it mean bankruptcy?

“Temporary retrospective waivers (valid to 30 April 2025) have been obtained under committed debt facilities for historical non-compliance with prior period financial covenants”

“So that leaves us somewhere in between 40p and 200p. Realistically 75p 80p”

Sidara are not allowed to bid as low as 45p for WG as they have already paid nearly 50p for WG shares

Sidara will probably bid at somewhere between £1 and £1.40 and it will most likely be accepted by WG

And if WG do not accept for some reason then that may even be the best outcome for shareholders as the shares are severely undervalued and they will probably be trading at well over £2 within a few years

Even if Sidara do not bid for WG the shares will probably be back at over £2 within one or two years

This is a world class engineering and consulting company