Member Info for Normanbar

The management of Wood by the BOD is rather like the UK's management of successive governments. Just one example CFO CV & CoE CV both "inaccurate". Both evidentally out of their depth. Then the self enrichment regardless of who they are supposed to be serving.

The only thing I cannot work out is, are we looking at breathtaking incompetence, or actual malevolence.

I would be interested in anyone who knows about matter such as the following

I note that stockbrokers such as Hargreaves Lansdown are always keen to state that in any article or research they post that "No recommendation - No news or research item is a personal recommendation to deal." This is to avoid litigation should someone lose money following said advice.

On February 24th 2025 rumours abounded of a potential take over by Sidara. The price jumped as high as 40p. Wood then made this statement: "The Board of Wood notes the recent media speculation and confirms that it has received an approach from Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") in relation to a possible offer for the entire issued and to be issued share capital of the Company (the "Proposal").

Wood shareholders are advised to take no action.

This is directly advice, and implies it is safe to continue to hold. In the event WG. closed that day at 37.32p.

Those who followed this advice, now find themselves holding shares that are likely to be worth only 30p, a significant loss.

Is this a basis for a class action against the BOD? I would like to take part in any action that punishes them individually and severally, even if it makes little difference to our financial outcome. At least a clawback of any bonuses during the period they were providing false figures, if only by omission. Even if it gave us an additional 1 or 2p it would be symbolic of some redress.

Any intelligent rhoughts welcome.

Cory I use https://www.woodplc.com/investors/pages/sidara-proposal-2025/documents

It's not the misplaced £30m that triggers a £500m drop, it's the loss of confidence in the BOD (Look at Wood). The market hates uncertaintly.

I have been investing in shares for 40 years. Why is it that no matter what ai hold, no matter how diverse, no matter how sensible, on any given day, if the market is down, my total portfolio falls more in percentage terms, and when the markwt rises, my gain is lower in percentage terms? In spite of this, overall I am in profit, but it's like pushing a car with the handbrake on.

Well the initial fall was was larger than my random prediction of Divi+10% but it does make today's buybacks cheaper, and the day is yet to finish..

Medjed. Thats what happens when the market decides that lunatics are running the asylum

Drops at least the amount of divi plus 10%, and then crawls back to close down around 9.7p

Off topic in a sense:

There is an annoying video pop-up that blocks the navigation buttons. Besides I do not want talking heads spewing word salads about something of no interest to me. There is a feint (x) to the left, your lucky if you see it, the video closes, then reopens less than a minute later. Further when reading a post it jumps away when a new ad loads LSE layout is a shambles. Also there should be an edit button within a certain time frame, to allow correction to typos etc.

Off topic in a sense:

There is an annoying video pop-up that blocks the navigation buttons. Besides I do not want talking heads spewing word salads about something of no interest to me. There is a feint (x) to the left, your lucky if you see it, the video closes, then reopens less than a minute later. Further when reading a post it jumps away when a new ad loads LSE layout is a shambles.

Yet day after day, you get a positive sp move, only for it to collapse when NY opens. At around £2 it doesn't seem able to aquire escape velocity. 7th August we get an ibterim update.

Maybe a BP HBR link up in the offing, he's taking a lot of inside info with him. Or dare I say it, a takeover? HBR is having a lot of trouble getting past £2, its a snip. Gone are the heady days of £25 or more. Dividends have eased the pain somwhat.

Yes indeed Icecool & Bigsmoke

No Kando, I did not say or suggest any of that. It was the BOD who fudged the accounts and withheld information. John Wood Group's FY24 accounts were due on April 30, 2025 now it's July and still nothing.

35000 worried workers. Thousands of shareholders in the dark, wirh billions hanging on a thread. I would never blame the weatherman for the weather, but I don't expect him to lie or withhold information. I simply expect him to do the job he is paid to do - except I might grumble iwhen he gets the weather very wrong,

I asked them to remove my annoying typo-ed post. I hope they do. There should be an edit/delete option. This is what I meant to post:

I am not one to swear, but just how LONG does it take to produce the bl00dy annual accounts!? Do they know no shame? The lights are on, but is anyone in?

I am not one to swear, but just how LONG does it take to produce the bl00dy annual accounts!? Do they know no shame? The lights are on, but is anyone on?

Unfortunately for those of us invested in Wood, the Times does pit it rather well. I am glad the the BOD 'remarkable' only in there utter incompetence, and if not that, then 'despicable' in their treatment of their 35000 workers, the investors and indeed the good Wood name. I feel for Sir Ian, and what he built up. I'd love him to step in now for the sake of all involved.

I am delighted the BOD has been exposed publicly in the Times, for what they are, rather than just this little backwater of a LSE chat room. I hope somehow they have to personally pay for what they have done. Claw back their considerable remunaration, and distribute it to us, about an extra 1p per share forvthe sake of justice.

If we do get 35p I think we have to considara ourselves lucky, after this traincrash. The teuth is, Sidara have the BOD over a barrel, and it's not beyond the bounds of possibilty we could end up with SFA. So Sidara, pretty please, be nice to us poor PIs that were on that train with very expensive tickets.

Aurely those of us holding WG ahares in an ISA will lose that status on 2nd July and jettisoned from our ISA unbrella. It is treated as a dispisal, and yet dealing cannot take place, anyone know more?

I made my BP-HBR observation this morning. Now with Shell and Equinor, I feel BP may be even nore inclined to run the slide rule ovet HBR.

Legends, to be exact, Harbour is currently valued at 2.8 billion. Share price x shares in issue. You can't argue with the maths , but doesn't that make it a sitting target?

The New York Timess published gossip that SHELL (£152Bn) was in talks with BP (57Bn) for possinle takeover. This has been refuted by both. However a takeover of HBR (£2.5Bn) by BP is far more logical. Unloved HBR are in the bargain basement department, and the many synergies are self evident