Member Info for Medjed

Barclays RNS Number : 3579C

clearly states in the Short Position column 3.91%

The curious thing is why Barclays appears nowhere on the short tracker. Only 4 companies appear on there

D. E. Shaw & Co. LP 1.47%

Marshall Wace LLP 2.09%

Teacher Ret Texas (TRS) 0.50%

Walleye Capital LLC 1.15%

StockMaiden locked in an iron maiden of a stock. We are producing. Remind me again where you are? Oh yes still waiting to drill. Good luck!

ORCP is the place to be! With a grim outlook, and share price down just 98% in only 4.5 years, who wouldn't want to invest in this stock!

Vulcanignis

- if offer of 60p was leaked the dp would be at 60p already. If offer price isn’t known or there’s no price yet that’s why the sp is ‘waiting’ in the 40s for news

- board cannot consider 60p if institutions reject this offer. Considering most institutions here are holding from the 150p region at least that is highly unlikely that they will swallow a 60% loss. They could instead wait for sp to recover, or even flr e changes in the BOD if they are very unhappy.

- similar things were said about Rolls Royce when it was at 60p, look at it now!

Good post Wiggly 👍

Lets hope its more towards the £1.3 area but even £1.06 would be great.

I am sticking with £1.80

Its around a 10% discount from Sidara’s first offer last year of £2.06

Furry at least read the news releases of the company you are invested in. MATD cannot issue 1b news shares, at the recent AGM a resolution was passed to enable them to issue around 642m new shares.

Throwing around random figures of 1b new shares at 0.5p just looks silly. Be negative if you want but get your facts straight at least.

So the £2.30 Wood may have accepted last year looks about right for fair value. A 50% off (or more!) seems crazy, this isn’t Tesco lol.

ChatGPT EBITDA valuation:

Wood Group (WG) – Valuation Summary

Based on industry standards:

• 6x EBITDA = £2.20 per share

• 8x EBITDA = £3.27 per share

(Current SP is around 40p, so that’s a huge discount)

What This Means:

WG is undervalued based on earnings

Even a £1 bid is cheap compared to fair value

Market is pricing in fear: debt + uncertainty + bid failure

If things stabilise or a bid lands, SP could re-rate upwards fast

The value is there — market just doesn’t trust the short term.

Worley ENITDA from 2024 report was 750m AUD. Their MCAP is 7.9b AUD. therefore a multiple of around 10.

Wood’s EBITDA from 14 Feb RNS is £350m. So it is trading below 1x EBITDA. To accept an offer below at least 4x EBITDA seems ludicrous and would require such desperation that it would signal the company could be having going concern fears. Seems very unlikely.

“The BOD are using this as a charade to give them time to come up with a plan - any plan.”

That can work out ok too. If that’s the case they will likely announce the offer amount being discussed, like last year, to boost their own share price for a while. That would get them back in the FTSE250 with all the fun and games that involves. Tracker funds buying back in etc.

Previous Barclays position RNS had around 4.7% short. Now it is only 3.86%

Everyone just keep reporting his lieing posts. Eventually he will get bored of re posting

“ Wood subsequently received a non-binding, conditional proposal from Sidara”

Come on FT, leak the bloody figure 😂

Exactly! Wood have the shorter’s bolls in their hand. All they have to do is RNS the figure being discussed and the shorters are destroyed.

The only thing is, if talks are going well is it bad form to publish figures being discussed?

Just 6 months ago Sidara offered £2.3. Maybe they weren’t fully prepared to pay it, granted. I think no way will an offer near £1 work. That’s a 50% discount just due to a bit of bad sentiment. I’m guessing if they do come to agreement it will be around £1.8, that’s around 10% discount from Sidara’s opening offer of 205p.

The share price would likely bounce back to the £1.30 range without Sidara so that would be a very weak offer.

Last year it took 8 days. Offer was received on 30 April but RNS was released on 8th May!

"Just seen this guys"

August 2024 lol

Yes it is very relevant. As soon as those 6 months expired they came straight back to bid again! good news!

The impatience of some people amazes me. Investing is a waiting game. If you sold out because you are worried about a bad outcome fair enough. But to sell out due to impatience I can't understand, especially as there are just 2 days to go lol!

Look at a few of the recent 10 bag risers amongst the big billion dollar companies. Rolls Royce took 1.5 years to 10 bag and NVIDIA too around 1 year. If you couldn't hold those for more than a month you would have missed out a massive win.

i think all we need is the offer amount to be announced and the sp will rocket up. even if its a rejected offer or if talks are still ongoing.

the only scenario that’s going to hurt is if talks collapse and offer period is closed. that looks very unlikely to me to happen by monday 24th march. that would be some weak ****d negotiation lasting just a month lol.