Member Info for MickJ76

Https://www.governo.it/it/articolo/convocazione-del-consiglio-dei-ministri-n-135/29291

lol. Tekne not even up for discussion again. Just gotta love it haven’t you.

Steve, can you show the Stockwits boys that this is a scam too. lol.

AZ also has a massive liability for mis-leading the market and specifically shareholders.

FCA involved now so probably ensuring everything is above board and accounts will be issued. No doubt they received numerous emails regards the whole situation from concerned shareholders and indeed ii holders re the share price destruction and helpful RNSs to destroy it.

Or maybe they’re not just as bad as some doom merchants are trying to peddle to get the steal completed out-with public scrutiny.

As per the last extension RNS.

Wood is continuing to work with its auditor towards the publication of Wood's audited accounts for the financial year ended 31 December 2024.

The Board of Wood has therefore requested, and the Panel has consented to, an extension to the date by which Sidara is required either to announce a firm intention to make an offer for Wood in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement would be treated as a statement to which Rule 2.8 of the Code applies. Such announcement must now be made by not later than 5.00pm on 28 July 2025. This deadline can be further extended with the agreement of the Board of Wood and the consent of the Panel in accordance with Rule 2.6(c) of the Code.

Further announcements will be made in due course. In the meantime, shareholders are not required to take any action in relation to the Possible Offer.

Why delete a factual message advising that the Nuburu funding will be dilutive to Syme shareholders and indeed The company (Nuburu) has committed to a $5.15 million on-demand convertible funding facility for SYME, backed by SFE Equity Investment SARL and its partners. This investment is expected to convert into SYME shares, giving NUBURU a controlling interest while enabling it to adopt a capital-light business model integrating AI, robotics, and fintech.

So DW and AZ gets a controlling interest in Syme. Clearly cause he’s loaned out his shares previously lol so needs to replenish his stock.

In other more shares for AZ to sell.

2Bad, think you’ll find that the Giorgio Ricchebuono ain’t that good. €53,688,128 (M) Debt registered in their 2023 accounts. God knows what like the 2024 accounts are like.

Hence the reason Tekne are fooked.

AZ is using his mate Matteo Ricchebuono to fleece the markets. Funny that Matteo been in play with his little friend for a few years now and meantime mass dilution occurs to Syme and now Nuburu.

Really makes you wonder what’s really going on here with this lot.

I’m afraid he’s fooked. Desperation and wrongdoing always catches up with scum. He’s is proper scum and will pay for his actions against decent hard working folk who were taken in by his lies. He’s abused his CEO position and plenty ammo now to get him dealt with.

2bad, surely unless you literally are az’s paid ***** that you must realise az is up to his neck in blatant market abuse and massive coi. unfortunately for him snails leave a trail and he’s now going to get crushed as he’s done this to genuine people with his plan to fleece pi and the market of their hard earned savings, pensions and futures. he’s a rotten piece of excrement and will be dealt with.

looking forward to putting him down.

Just get the accounts issued and then clarity will prevail to see if the company is indeed worth the paltry 35p to shareholders or if the BOD were trying to pull a fast one and get things wrapped up out of sight so to speak.

FCA hopefully involved for full transparency !

2Bad. Nuburu are NOT manufacturing as they have NO premises, NO REVENUE and this US listing is just being used as a trading pot for AZ and his pals as he done with Syme and RTOP to fleece the market.

11-Apr-25 17:46:13 25.00 545,048 Unknown* 136.26k O

14-Apr-25 17:46:03 26.10 68,288 Unknown* 17.82k O

15-Apr-25 17:18:38 23.2602 105,683 Unknown* 24.58k O

15-Apr-25 17:18:38 23.88 134,498 Unknown* 32.12k O

16-Apr-25 17:46:07 21.74 17,025 Unknown* 3,701 O

16-Apr-25 17:46:07 21.74 33,593 Unknown* 7,303 O

16-Apr-25 17:46:07 21.74 1,204,384 Unknown* 261.83k O

23-Apr-25 17:46:20 19.47 298,404 Unknown* 58.10k O

24-Apr-25 17:46:26 18.70 2,000 Unknown* 374.00 O

25-Apr-25 17:56:17 17.28 579,991 Unknown* 100.22k O

28-Apr-25 17:22:12 18.4488 90,697 Unknown* 16.73k O

28-Apr-25 17:46:34 17.89 160,406 Unknown* 28.70k O

30-Apr-25 17:17:16 18.9597 239,914 Unknown* 45.49k O

30-Apr-25 17:46:35 18.44 240,074 Unknown* 44.27k O

07-Apr-25 17:30:00 24.00 2,166 Unknown* 519.84

Preliminary offer which the board are minded to accept. So it’s nearly at the table, they are still in play as clearly behind the scenes dealings with lenders etc (which is actually a bit strange) for a “probable” bidder to get into the nitty gritty of the internal workings of Wood.

Probably why FCA having a look at matters.

I’m a small investor in the grand scheme of things and just want what’s best for the company and staff going forwards.

Anyway, all up in the air until the audited and approved accounts are issued which now should happen without any consideration for an official offer coming in whilst no transparency is shown to the marketer the actual state of the balance sheet and “accurate” forward statements.

Kando, clearly you have an agenda. I want the company to stay afloat on its own. However, as stated I think the for sale has been put up and hopefully if that’s the case (as muted by JO) that other bidders come to the auction.

I know it appears to be the case Sid have offered a lifeboat but frankly the whole situation stinks and I’m fed up with UK companies and shareholders getting completely f*cked over.

Hopefully the FCA will get to the bottom of things soon.

Business update

31 March 2025

This announcement contains inside information

Update on independent review and results publication

John Wood Group PLC ('Wood' or 'the Group' or 'the Company') announces an update on the independent review ('Review') and the timing of the publication of results for the year ended 31 December 2024 ('FY24').

rns bearded issued by icey’s favourite bod lol.

https://www.**********.co.uk/rns/announcement/0c38d567-5e20-438e-98db-86701f2cfa5f/

Material prior year P&L and balance sheet adjustments are expected for FY22, FY23 and HY24

· Material restatements are expected for adjusted EBITDA and adjusted EBIT for FY22 and FY23

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

The Company does not currently expect any material impact from the Review on the Group's ability to generate cash in the future.

So show us the material EBITDA and adjusted EBIT please for 22 and 23.

Clearly that’s one of the main issues here which has caused the negative free cash flow this year.

The Company has now received the draft Review and is in ongoing discussion and consultation with key stakeholders on the findings, including necessary remediation steps.

As indicated on 14 February 2025, the overall findings of the Review include:

· A number of prior year adjustments are expected to be required to the income statement and balance sheet

· Issues identified in a limited number of contracts in Projects, particularly in relation to legacy lump sum turnkey ('LSTK') projects

· Issues with the application of relevant accounting standards, such as holding specific amounts on the Projects centre balance sheet that should have been written off

· Gaps and deficiencies within the application of controls which relate to the monitoring and reporting of project positions within the Projects business unit

· No material issues identified in our other business units (Consulting, Operations and Investment Services)

As a result of the Review, Wood has identified material weaknesses and failures in the Group's financial culture within the Projects business unit and engagement between Group Finance and Projects. This included inappropriate management pressure and override to maintain previously reported positions, including through unsupported dispensations, and over-optimism and/or lack of evidence in respect of accounting judgements. The cultural failings appear to have led to instances of information being inappropriately withheld from, and unreliable information being provided to, Wood's auditors.

There has been significant change within Wood and steps taken during and since the period covered by the Review, including changes in key roles in Finance and external expert assistance in the application of accounting standards. We are committed to implementing a detailed remediation plan, including necessary follow-on actions from the Review, to continue to strengthen the Group's financial culture, governance and controls. This will include actions on culture, controls and organisational structure.

We will provide a further update on the impacts of the Review, and actions being taken, as appropriate.

Accounting implications

As a result of the Review, a number of prior year adjustments are expected to be required to the income statement and balance sheet:

· Predominantly impacting the reported performance of the Projects business unit in prior periods with no material impact on the Group's historical cash flow generation

· Material prior year P&L and balance sheet adjustments are expected for FY22, FY23 and HY24

· Material restatements are expected for adjusted EBITDA and adjusted EBIT for FY22 and FY23

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

The Company does not currently expect any material impact from the Review on the Group's ability to g

Wilt, have you ever thought that with Iceman being a local guy he will have friends / family working for Wood as it’s a large employer up there. These people may also be shareholders who have seen their retirement pot take a kicking due to the share price collapse.

I’d suggest the Iceman and certainly I want these people looked after as it’s through no fault of their own the company finds itself in this mess. I want to see longevity for their employment within the area and personally I would like Sid to take a run and jump with their poxy 35p offer to shareholders as frankly that’s all that matters as the other £450M is irrelevant to us lot.

Ideally would love to see it going alone by I think it will be sold but hopefully at a much higher price per share.

Bring on the accounts for clarity and transparency to see WTF they were up to.