Member Info for Monty888

No point in anyone being in denial and / or wishful thinking any other options are around. Sidara have put their money where their mouth is and are bankrolling WG to the tune of £700m + the 35p per share offer. As soon as the accounts are released by the auditor the deal will get done.

Seem to be drifting lower on small trades. I am wondering if the Directors would like to top up but legally cannot until after results on 15th August. Be interesting to see if we have numbers that show CAB is back on track and hence SP very oversold or loss making and another drop coming. I’m quite positive from updates but let’s see if we can trust the largely new BOD or not. GLA long term shareholders for 15th August

Government have no interest at all, nor people set nor skill sets to run a company that’s been bid and will taken over for a cash offer to share holders and its debt fully funded as part of the deal. They would possibly get involved if and only if WG. goes into receivership meaning risk to existing projects and uncontrollable job cuts that could be avoided if not run by the government rather than the administrators. If this happens to banks then deposits can disappear so in a way no choice. Whoever posts government intervention idea in the middle of a cash per share offer and full funding of WG. as a going concern is naive in the extreme. The FCA could charge the Directors with criminal negligence, lying to shareholders etc and they could be made to pay bonuses back or even go to jail (unlikely though). This will have zero effect to T.O offer going through.

Gsei - Of course it delists , It’s a 35p per share cash offer. That’s the very best you can hope for. The RNS’s are rather obvious if you read…..

The high revenue calls were around the time of the CEO change out. The last guy exasperated and over hyped, Alex Pease seems the reverse which is better. I think the 1.1 billion was likely the realistic expectation all along. The areas of low cost housing and student rentals are growth areas as we all know. However the current projects and provisions on hand become clearer next year. I think 2025 will be a flatline and 2026 a steady rise. I do think that if the SP stays this low vultures will circle as Refresh on the cladding and old building upgrades is growing very fast, Fresh their student let refurbs is also growing steadily, it’s all about their big investments getting various planning permissions and completing the ones that are work in progress on time on budget. The position es for me are cash remains high on the balance sheet, their areas of business are largely recession proof (foreign students especially Chinese now they don’t like USA). Also Reeves is a disaster, won’t be long before interest need to be cut to stabilize growth or create some as we are stalling badly but inflation still high holding it back right now.

Been drifting consistently lower, no director buys and no big deals announced recently. Whilst cash is king and WJG have a lot of it, they are using it to develop projects with fruition in 2026. So if they don’t do a nice profitable land sale maybe they will do a rights issues. I really hope not but it’s strange that the market cap is now level with net assets from last update.

It’s great that all the purchased shares will be cancelled. That will later drive the eps and the share price up regarding the remaining shares in issue. Assuming Pebb keep progressing as I’m sure they will from results and T.U’s to date. I saw Citywire and brokers are rating the SP at 90p from memory about a week back.

£670M (inc £250 if deal gets done) to sort out debt covenants and 35p per share. It’s a done deal 🤗.

Due to Sidara funding the debt, they already have one hand on WG. It looks very much to me they can leverage away alternative bids and they will have caveats that cover their investments in place and that really secures and I think why the BOD are minded to recommend the 35p per share bid. If anything super horrible comes out in the accounts beyond what I’m sure Sidara are already privy to before lending to WG. then their offer would be reduced to say 30p per share.

Agree, that’s my take - All done bar the shouting at 35p.

I did a quick £10k at 19p before it delisted. I will be delighted to get 35p per share. It looks like it’s close to closing now, audited accounts released in August and then the offer as recommended by the BOD. The new director is probably onboard to push back on any opportunist low ball offer below 35p as a rear guard action. If Sidara don’t follow through at 35p others can step in and having an M&A expert on BOD is essential IMHO.

Due to Sidara funding the debt, they already have one hand on WG. It looks very much to me they can leverage away alternative bids and they will have caveats that cover their investments in place and that really secures and I think why the BOD are minded to recommend the 35p per share bid. If anything super horrible comes out in the accounts beyond what I’m sure Sidara are already privy to before lending to WG. then their offer would be reduced to say 30p per share.

& Jack jumped over the candlestick.

What annoys me is how shorters seem to always have insider information. They should be investigated way more by the SFO etc. Or just make shorting illegal like other countries do.

Horrible results - Will likely be in the top 20 fallers today, maybe even the top 10 fallers. Ouch 🧟‍♂️

Do we know what current percentage of Itaconix IPO own currently? Amazing increases in its market cap lately which help IPO’s balance sheet of course.

It’s a bail to me, I’m topping up

In IP Group (IPO) with my proceeds.

You done something wrong Disco by being impatient and selling. If the woman’s version works not to mention the men’s now gathering genuine commercial results (finally). This becomes a disruptor very quick. The likes of any ED pill makers will not allow it to get too big or disruptive.

Just market makers making mischief to get it traded (>15% spread). So if the SP went up 30% you’d lose money - Keep away

Agree Stumpy. There are some nuptials around that are Alligators rather than Elephants eh