Member Info for MrGonzo

As I said before we know business can be very dirty business, I think Jenashon's wider point being, a UK business ending up in foreign hands on the cheap without putting up a fight, myself one would like to think we have the major holders on our side in all this as it's not all Pi's losing out.

Now now Robert, come on buddy if you've done your due diligence you'd know who's staying the course and you'd know who the Jack in the boxes are. I for one will be topping up before shut down.

Irrelevant to the 35p that is

Some people know business can be very much dirty business and the SP as it stands today is irrelevant in my opinion with everything in play hanging over what all us don't know and I say again, my thinking is Sidara do know.

Why do I think that the proposal by Sidara put out by Wood to shareholders tells us Sidara basically already know the big final picture of Woods situation and that release was to prepare shareholders for far less than what was expected considering the takeover talks and SP 12 months ago. I may be wrong

Landowner, I'm aware you said you lost 50k on Harl, I don't know if that's true or not but if it is genuinely the case then that's very unfortunate for you and as fellow investor it's not nice reading when people lose money of any amount, so best wishes to you elsewhere. In the case of Harl that you keep repeating your message on, I don't know but a few people on here now have picked you up on the fact they are completely different circumstances to what is known to date on Wood and not forgetting lots of companies carry huge debts, income/profit and how that debt is managed is the key.

Obviously not read my post correctly

Does anyone know of a company who was in the exact same position as Wood, awaiting full published review and accounts in suspension and a possible takeover offer not yet confirmed all in the process to compare why the SP is were it is or isn't. Probably not.

Craig Shanaghey, Executive President of Wood’s Projects business unit resigned, 9th of April news release on Wood, shouldn't that have been put out on a RNS? Don't recall seeing it.

At least I know I'm stupid and acknowledge it, I don't say things I can't back up or give my reason/thinking behind it. Some people just think they know it all regardless but the ones who are tuned in stand out by a mile regardless if there right or wrong in the end.

Regardless of opinions either side of this Wood story, whether worst case or best case outcome, all entitled of course, after reading through over time it's obvious who the people are that will gloat and enjoy seeing people lose money on any stock.

SUFCESSEX, BlackRock will be well aware and watching of Wood's situation right now and what will be will be, it's only a matter of time and the flood gates will open to reveal all for all shareholders and employees of Wood

If that was my take at this point BillNN I'd have taken the 50% kicking and gone

BlackRock

Not 100% not even 99% but 99.9% 😂

I just wonder and wouldn't be surprised if this has been set up to be such a stinker for shareholders at 35p knowing it would raise eyebrows and possible other interested parties at a later stage showing up when accounts are out that they I end up making it an offer closer to the 85p for shareholders as it's been calculated which would see them get approval from the major holders? Just a thought.

So I took another look for forgetting....

Under the following headline as well, of course it was.

Wood Board would be minded to recommend

Both before and in parallel to the discussions with Sidara, the Board of Wood has continued to assess holistically all potential refinancing options. In considering the different potential refinancing options available, the Board is seeking to ensure that the Company has an appropriate long-term capital structure for the benefit of the Company, its shareholders and its wider stakeholders. The Board of Wood believes that the Company needs to have a more sustainable capital structure, and this requires substantial new capital in order to diversify Wood's financing sources and reduce its indebtedness over time.

Sources of new capital could include a substantial issue of new equity, significant disposals or a combination of both.

'Could include' getting the board out

Absolutely nothing is lost until the stock is sold Tina, I guess the guy who if he thought like you thought he'd lost £140K on RR but he ended up a millionaire, yes I know what some are going to say to that and so don't bother because the point remains a fact.

The RNS did say that if the company is not bought they will need raise money through issue of equity plus asset disposals.

Did it 🤔🤔

Thank you Aim, much appreciated that, some light relief to know, thanks again. 😉