Member Info for MickJ76

Should read still no change to FCF guidance.

Transparency incoming.

“My immediate priority is delivering our full year 2024 audited accounts and half year 2025 results so we can move forward with clarity”

That sentence alone should provide us and the workforce with confidence that they may ride this out.

Still no chance to FCF guidance for 2026 !

Iain Torrens, Wood's CFO, said:

"It's a privilege to lead Wood and our exceptional global team of over 35,000, who have remained committed to delivering for our clients through a difficult period. My immediate priority is delivering our full year 2024 audited accounts and half year 2025 results so we can move forward with clarity. I'm grateful for the opportunity to support our people, drive performance, and strengthen client confidence as we shape a resilient, growth-focused future for Wood."

Well Ken, took us to the brink and no doubt I’m sure you’ll be hearing your door knock soon if the accounts are a shambles.

Hopefully none of will be paid I’d be flabbergasted if it was approved by ii.

If it miraculously it sneaks through then probs April 26.

Voting completed Bob. Not even waiting for accounts as this stinks.

Yoda is still in play though 😁

Excellent post. Looking forward to the law getting involved with this lot.

Nuburu, as with Syme and RTOP also clearly being used as a money making racket.

should the scottish government be looking into this debacle?

jesus man. this lot of clowns at holyrood couldn’t look after a 2 pan ****ehouse 😂🙈

Look at all the SiD plants posting lol. Oh please take 30p lol. GTF

Hope this offer gets booted down the road and finances are sorted meantime as clearly the company are still winning multi-million / billion pound contracts.

The Board is therefore seeking shareholder approval to sanction a temporary disapplication of the Group's borrowing limit (as permitted under Article 98(B)) until 31 October 2028, being a fixed period within which the Company expects to require the disapplication of the borrowing limit in order to continue to finance its operations and business.

Are there other parties interested to provide funds meantime until the ship steadies ? Thus keeping them out of jail if the accounts are that bad !

Still no sign of amended guidance :-

Actions in 2025 will underpin positive free cash flow in 2026

Positive free cash flow expected in 2026 (before disposals)

So are they borrowing a bit to keep ticking along meantime until next year ?

That would have a significantly adverse effect on the Company's liquidity position. It would also materially risk jeopardising the Acquisition, which remains critical to the Company's future, or any other potential transaction where shareholders would receive any value for their shares. It is therefore imperative that the borrowing limit is disapplied prior to publication of the Audited Accounts.

Accordingly, the Board considers that the resolution set out in the Notice of General Meeting is in the best interests of the Company and of its shareholders as a whole and unanimously recommends shareholders to vote in favour of it, as each of the directors intends to do in respect of their own beneficial holdings.

“Beneficial to shareholders” That’s a first then !

FFS at last sounds like their arses are twitching a bit lol.

Already voted NO Graff as this is one huge attempted carve up.

It’s a shame there isn’t a way to vote for the decent people here to get their 30p and clowns like icecool to get a smack in the mouth, might be worth putting forward a motion for an emergency general meeting.

Christ Carrot you wouldn’t know a decent person after he came up and smacked you right in the coupon. You have no interest in the company or its staff.

This board dragging their feet with these accounts and no doubt will drag out to the wire.

Let’s hope the II tell them to shove 30p up their arse.

Analyzer, Isn’t it a strange coincidence that the IP of Syme will probably be secured by Nuburu / TCEi.

2)   In order for the Company to be able to issue the new ordinary shares under the Amended On-Demand Facility, approvals will be required from the shareholders of the Company, the Financial Conduct Authority (the "FCA") and The Panel on Takeovers and Mergers (together the "Approvals"). The Amendment has amended the date by which the Approvals must be obtained by the Company from 31 March 2026 to 30 June 2026. If the Approvals are not obtained by 30 June 2026, BURU can demand repayment in cash, and the Company is required to provide security over the intellectual property rights and receivables related to its Italian subsidiary entities in favour of BURU (TCEi).

All other key terms to the Amended On-Demand Facility that were set out in the Company's announcements dated 19 March 2025 and 10 June 2025 remain unchanged.

Purchased by the same person lol.

Same what will happen with Syme.

There was a mention of Syme Moochyon his new video posted on their Linkedin yesterday.

He has “exited” TAG, SYME and RTOP !

https://www.linkedin.com/posts/nuburu_nuburu-defensetech-photonics-activity-7379171154885812224-tVTs?utm_source=share&utm_medium=member_ios&rcm=ACoAABNLXS4BdJrWzClAkm6DlZwvF7ulKcyMYeI

Would not surprise me if he has as TAG going through bankruptcy proceedings and RTOP was de-listed and now owned by you know who (private now).

Wonder what the Syme board make of this little beauty.

Good idea and done as might be required relevant to how this pans out.

We shall soon see if GBM approve them.

I remember in 2020 when Grant Thornton were not big enough to be the auditors 😂😂😂 (another AZ beauty).

No wonder they resigned and were replaced by Crowe.

So where’s the accounts AZ ? No excuses as allegedly £2M received from across the pond. Surelyauditors would have seen this cash hitting the bank ?

Well as expected still no accounts. Last jap RNS no doubt to reduce the time-scale for full and proper assessment before voting deadline.

Shocking management and all deliberate imo.