Member Info for OrangeMoon

Kens letter to employees is due to them starting their 'share plan' when the price was around £6 when they first started buying in.

So I'm sorry if someone feels it's 'unfair' because Ken has given these 'long term share holders' a message first.

Wood employees of this share plan have been in long before the majority here started posting (this includes myself).

Ken was correct in his message to employee shareholders. The market awaits his next response to the wider market on how he's going to resolve this mess.

"Manage the initial response" - How?... By giving more information regarding the scope of the review, costs, aproximate time and any specific areas of concern (or not). I'd like to have been a fly on the wall to hear the 'dialogue' between BoD and Auditors. Somthing to cause this much of a drop needs more context and independent RNS outwith Q3 results.

"Supporting the timely completion of the independent review"... More resources will get this done quicker, and you better belive this is a top priority now.

More info required.

Herekittykitty...

I have this marked as December 20th (3rd Friday of the Month)...

Although the Tuesday Prior will be the review. 4/5 weeks to go...

FT only shows the 'top 10 holders'... also illustrating institutional grip.

The FT confirms that 45% is held by only 10 Institutions.

@WilyCoyote, Source: Simply Wall St.

https://simplywall.st/stocks/gb/energy/lse-wg./john-wood-group-shares/ownership

(Although not 100% accurate/up-to-date, it still gives a basic overview of ownership)

Some basic data regarding ownership breakdown...

General Public - 5.86%

Institutions - 93.5%

Would be good to know what our other institutions think of Franklin's indecisive/irratic actions...

A 5% holder selling out equates to a 60% capitulation of Mcap, short term liquidity attack... sure got hit on the way down on Thursday going into auction 5/6 times.

Awaiting the steady rise, which should come once Franklin finally disapear.

This is just a short term dump. Buisness as usual for Wood.

Let the battle begin!... I'm already invested, but today, i'll join the rush and add.

I doubt any shares available below 26... new base to be formed.

HEX no longer in the shadows but may now start leading the way in the Helium Space.

28jaczar01... Review Bo's interviews with proactive investors. His expectations on Clink 1 with 130X background through mud was 'Commercial'... So there is no doubt, doing this 'appraisal well' with 250X background this will be commercial.

Again, this it 'Through Mud'... You wont get the 100000's above background until first flow to surface.

Unless of course we just stop drilling now and only get our Helium through mud :)...

ART123... This is 'Through Drilling muds'... We wont know the % until first flow.

If going by the same ratio, HEX blow HE1 out of the water when comparing drilling mud gas samples.

I now view Clink#1 as mega news. Still allowing the gas to settle... the longer this takes, the bigger the prize IMO.

"The Darwin #1 well at the Rudyard Project has significantly surpassed initial expectations"

250X background... (What was HE1 back ground? 6X?)...

I can't help but think DarienTaylor is either illiterate, or jealous... Either way Congratulations all holders!!

(And one more for the green bin).

Franklin's indecisiveness has been the main contender in the SP cliff dive. Heads should roll across there.

This caused a complete un-orderly market. Reducing by such a large amount in such a short period of time. This was not good buisness. They knew what effect dumping 17 million shares into the market would have.

IMO A good opertunity for those taking advantage of this mess. Would have been good to have received this TR-1 RNS sooner.

Quietly confident.

It's not brushing near all time highs for no reason folks.

Remaining extremely optimistic and positive regarding our 'find' in Montana 🫧 (+Rudyard).

Same thinking. Replied on different thread.

HereKittyKitty... A TR1 (or multiple) today would benifit us knowing who was selling, and perhaps we can all try to work out the rational. If silence on the RNS front, there's no guessing where this is heading, especially If the fund still has more to go. I will be buying more today regardless.

Perspective... For anyone feeling a little un-buttoned today.

Franklin Mutual Advisers LLC, holding: 34,635,014 threshold crossed on 21.10.24 @ around 132p

Meaning a loss of £27.5million in less than 3 weeks.

There is a big seller(s) in the background here. Who it is?... Hopefully find out tomorrow via TR1.

Why they have decided enough enough at this stage is anyone's guess, but all will all come out in the wash after the review by Deloitte.

This 60% drop is driven by the sellers (who may or may not have finished), plus the 'speculation' that Deloitte will infact find something out of the norm. Not by 'market manipulation' or 3:1 buy/sells ratio.

Wood. has a great reputation in this sector, I very much doubt this review will find anything out of the ordinary. However if they do, what scenario would have created a 60% capitulation of the Mcap...

The morning call wasn't good enough to alleviate any doubts/fears regarding the review, and intact I feel this added to the uncertainty.

Both Ken and Arvind should have been better prepared for these questions, poor show on your behalf gentlemen.

Anyone who jamp in here today currently licking their wounds, a 60% drop in a FTSE 250 company off the back of a 'review' is just f-crazy and I'm surprised the seller(s) are comfortable with this un-orderly market they have created.

I hope for a recovery here tomorrow, but with todays action, I'm unsure.

Can't imagine the audit costing £400 Million...

But agree, some of the other answers were a wait and see.

Somethings not quite right here...

This Q3 update doesn't warrant such a blood bath.

Agreed. Easy take over target.

Over 52% of the company value gone...

In a flash. Into thin air. Over not very much.

Sceptical.