Member Info for Pete640

Agree Icecool, this is saving face for the CEO and BoD who know that if they get a sale on their terms. They get to escape with bonuses and pay, but know they are out if a job in 6 months as Sidara, will want its own BoD and CEO of new Sidara!! They will oust duplicate staff roles, making 3-4,000 redundancies, which will pay for the cost of buying Wood. The 450 million in 2 instalmants is all smoke and mirrors around finance. Which Sudara don’t need they have a cash chest of 3 Billion dollars to, buy, change and amalgamate Wood with Sidara and boom 250 millions in profit each year minimum going forward!! Without this current BoD and CEO with their golden handshake goodbye’s in the millions each.!! Plus at least 5,000 out of current 32,000 staff at Wood going or jumping ship if Sidara win this bid???

Dumbly, can’t you read a RNSalso? It is quite clear who approached who and on what terms. It is now in extension and probably need another4 weeks extension? Then terms agreed and SENQO exists and thrives! ENQ and SQZ shareholders will both benefit and move forward with pace!!

Happy Easter Blueboy et al. Happy times ahead and hope everyone enjoys the Easter break and is kind to each other? See you all for the next saga of Wood on Tuesday!! My wish is Sid via Wood announce in an RNS that Wood and II’s have agreed and signed off on a 40p bid/offer. No conditions and all done and dusted all round!!! My Easter wish!!!

Ice cool your right! If II’s were happy with 35p and Sud really wanted this they could have had this tied up days ago with an agreement between, BoD/II’s and Sid and agreed a 75p deal and all happy and concluded. Sid don’t need the 2024 accounts or the completed Deloitte report to finalise a proper bid and offer and close this all for good, they will,own it and can do what they want with it!!! They have big pockets and many Middle East co7ntries and banks backing them !!

This is looking more like a suspension, EGM , BoD resigns and /or replaced. New financing and either mi e forward as Wood or Apollo or Worsley come in and steal it for £1/share and again all happy.???

Blackrock - Still holding onto their 5.06% and with the other big investors holding over 50%, the BoD know this offer even on 5 or 6 May with 2024 accounts in, this offer is dead!!!

BTFaith it is ENQ and our CEO and BoD that have approached SQZ for a reverse takeover. Not Serica coming for us!! Read the takeover RNS properly!

Roughly 60% Holding by II’s , plus 5% in wood pension scheme. So if all of these and pension scheme vote NO, it ain’t happening. Not forgetting around10-15 big PI holders with 0.5% to 0.9% , making up another big chunk at 10, again if they vote NO with main II’s which sp shows, this isNOT happening!!

Wilycoyote if you have 1 hour go back from around the 31 March RNS and 8.3 declarations and work your way to today and you will see what the big II have. I did a snapshot back about 10 days ago, and it was roughly 61%, then you have 5% owned by Wood pension scheme, plus around 10-15 large PI’s holding around 0.8% each another 10% so this gives you roughly around 85%. Take a look at the RNS ‘s.

An inept CEO and BoD, get a grip and show your shareholders some respect and show us this message. Plus some reasoning around what and who finance was requested from, plus why the delay in new 2024 accounts and the completed Deloitte report? Throw people and time at them and money and get them done by the 25 April at the latest!! Show Sidara and shareholders we are worth 75p a share or tell them to go away and never comeback! There are better suitors and buyers!!

Flog it, this is going into suspension on 30th April as Wood still has to deliver new 2024 accounts, plus the Deloitte report in full and completed, before Sidara will offer!! Fact! SeeRNS. Plus an extension for Sidara on Thursday for 4 weeks, this is not over!!

The II’s will not accept 35p, the BoD will have to go. The 450 million is going straight into the company Sidara will own, it is their money and Wood will see nothing of it! All smoke and mirrors. Wood has Government backed bank loans, bonds and Assurances. This is not a bankrupt AIM company. Come on Worley or Apollo table a straight 85p offer and stop this foolish game this week!!

The big boys, many of whom are holding at least 3-8% each, on a sp well above £1.50, are not going to sell Millions of shares at 35p to Sidara, or anyone else! Losing at least £1.35p a share 16 - 100 Million per large II holder as 3.5% is roughly 16 million shares. This is not over until the fat lady sings. The II’s are waiting for suspension on 30 April, an extension on Thursday 17th for 4 weeks. Then when the new audited 24 accounts are in and the full Deloitte report and also more new finance options. The II’s are not like Turkeys going to vote for Christmas and lose Tens of Millions, they will reject the offer, oust the BoD and clown of a CEO and move on!!

Vanguard and others not moving, they know something we don’t?

This is not over!

Coldspy is this you and when? Time and date?

Agree Yorkshireblues, plus can the BoD force the II’s owning 65% to sell?

Markgo- 1 point you mention funding, Sidara di not need it, this is a cash offer to buy outright!! NO finances needed clean cut buy of £1.35 on Monday!!!

Vulcan, where did you pluck the 6 months suspension from? How many share suspensions have you known, name more than 3 that have lasted more than 1-2 months. Stop scaremongering, if it is suspended which I doubt it will. It would be for 1-2 months. My gut feeling is £1.35 RNS on 14 or 17 April.

O&G won’t be Nationalised- Labour and the Uk cannot afford it. The reverse takeover will happen, plus divi’s and new SENQO company will go from strength to strength. Once Milliband the clown is sacked and carbon capture and this fools rush to purely solar/wind and hydro is foolish and will see the lights go off!!

Like Australia and others we have 90+ years of clean coal power/ we have 30-50 years of cheap oil and gas , WHY should we sell it to France and Norway cheap, then buy it back a more expensive, purely because UK plc cannot build enough electric, oil!and gas storage to use our own cheap resources??

US Investors have lost trust in Rusty and this share is in thick debt wise! Could easily become a Petrofac and bankrupt!!

Wiggly , like Hosai - Sidara made a conditional offer to get access to books, DD and also seeing the draft audit report and if this had been under say £1.10 Wood would have shut the door! Sidara are back and serious for a second time, they don’t want to risk Wood suspension , they are negotiating last few bits and a serious off er around £1.50!!!!!!!