Member Info for maxandmonty

Could Ian Wood who according to Forbes is worth 2 billion dollars get involved in keeping Wood Group Scottish ?

The company either needs a large rights issue or a takeover to convince potential customers of its credit worthiness.

Presumably that 9p also values the Verne earn out at nil.

Iona energy paid approaching $40 per barrel for a producing North sea field, oil prices fell and they went bankrupt.

Well the recent chairman Soames did a great job at Serco

22ND December sale of 15% interest to Rockrose failed to mention that Enquest may have lent them the money to buy it.

Banks may have a debt to shareholder equity ratio as a covenant but not debt to market capitalisation. that has nothing to do with the balance sheet and debt ratios.

Is this loss the $133,573 shown as hedge modification in the 2022 annual report cash flow statement ?

In the 10th February 2022 on page 62 of the Investors Chronicle there was an article on dual class companies. A key paragraph on THG stated the following. Another concern was PropCo . PropCo owns the properties that THG uses or occupies, and it was sold to Moulding ahead of the flotation, but why? To counter worries, the annual report says that a committee of non-executive directors ensures that PropCo's transactions are at arms length,and anyway PropCo is to be sold off, with any profits within two years either being returned to THG or given to charity.

Bought a 50k and a 25k at 76 no problem.

Neither is the Wood Group

Usual monday morning beat down by sellers, usually recovers as the week progresses.

Would be difficult to mount a takeover of JD Sports as Pentland own 55% of it.

Some interesting stuff on the ADVFN THG board from someone called Toansy.

As noted in the last update there will be write downs,probably substantial, of goodwill/intangibles to finally clear the deck at the end of the transition period. In addition net debt will be largely unchanged from the half year but should fall substantially from announced disposals early this year. On the face of it the current price is pretty crazy but will need to get a bullish current year outlook to get the rerating it probably deserves.

Matt still had his golden share as at 1st February RNS detailing total voting rights.

It shudn't impact the price much but shorts seem to pile in on a monday and the commercial director's sale on friday could have a further impact.

Presumably as the share price fell steve put up an additional three million shares to provide adequate security for the loan. Guess he's now run out of additional security as the shares fell further and the shares have been sold to pay back the loan.

Actual market cap is 2.898b on 1.2197b shares in issue. This can be checked by dividing Goldman's shares held by its percentage holding on its latest RNS.

After a previous panorama programme in 2015 about east africa the SFO investigated BATS for five years and gave it up in 2020 for lack of evidence.