Member Info for raghusn

Tried through retailbook and directed to my brokerAJBell as one of participating brokers. But AJ Bell doesn't seem to have a clue!?

Any rumours going around? Are Apax pulling out of the takeover? Could be a buying opportunity if it is a false alarm.

"Not sure if you are a novice or experienced investor. In any case DYOR."

Thanks JO for the sound advice, makes sense whether I am experienced or not.

Your curt response seems to probably indicate you are as clueless as I am about the price discount behind all the facade of bluff and bluster. Whatever it maybe, market shenanigans doesn't ultimately matter if the ride to 30p is smooth.

JO, thanks for the response. "I think 'the Wood share price will settle at circa 24-26p overall...more like 24-25p.' The reasons are obvious to most investors".

Could you briefly point me to the reasons? I am curious since I haven't seen this sort of large discount in price in any of the other acquisitions before.

Looks like the market, for some reason, stubbornly thinks 22-23 is the right price. After the retail exuberance, the price seems to be gyrating down to that range. Come to think of it the yes vote was so comfortable the big players must have known the outcome well before the event. So there seems to be some other factor that keeps a 30% discount to 30p, for which I think no-one has a convincing explanation. Some dark forces at work!

Absence of price movement and lacklustre volumes. Very unusual in the given situation, as it has been ever since the trading resumed after the suspension.

The general expectation in this situation will be that the big investors are with the management and the yes vote is a formality. The very fact that the market doesn’t seem sold on this indicates a brexit like surprise is a possibility.

For one with a risk appetite it will be a good idea to keep the powder dry for a no verdict and enter at a lower level and trade the chaos that would probably ensue.

SWLC, great question. I can't think of an answer honestly, but could be they are building a stake for someone. Might be a fixed match, the big boys have worked out some arrangement to carve out the spoils.

As far as I am concerned, don't want to invest where there is no visibility.

I believe BlackRock, Vanguard are exiting? Could be some others as well. I suspect the price is held there to enable their orderly exit at the best price.

The fact they choose to exit at 22 tells the whole story.

I am in good company 😊, sold out fully. Might reenter if an opportunity comes up after the dust settles. Don't want to end up catching a falling knife as I so often do!

Darth_tradr, fully agree the price action is mystifying. I can only think it is a very tight race and players are on the sidelines unwilling to commit.

By Monday probably those in the know will know and it will open at one of the extremes. 16p or 26p.

Why would anyone in their right mind even consider voting no and risk wiping out the value of their holding?

Maybe, some IIs are attempting a show of brinkmanship to get some more value?It will be a dangerous ploy and may not pass the muster with more conservative IIs.

Are there some IIs either in league with another bidder or acting on their own planning some sort of coup? To accumulate a large holding from the fleeing crowd after passing a no vote and then coming to the open with an alternative bid?

Either way, nobody will risk voting no unless they have a firm alternative scheme in mind.

Hope this brings out a smile and some comic relief.

Price moves still undecided, could go either way.

If and when a short squeeze happens, it will be a definite clue that it is a yes vote. With voting set to close by 3.00 pm , could happen before?

Volumes picking up but price drifting lower. I prefer to protect the capital and reduced 50% holding.

Might get a chance to reenter later at a lower level if market turns favourable. But I feel it is foolhardy to continue to hold when market action is not making sense.

At 2.55pm, at 22.35. Ominous?

Kando, very true. Exactly my thoughts. It will be Petrofac all over again. The shorts will just destroy the share value.

But since it is not happening, and we would have got an indication otherwise, I believe the yes is the expected outcome.

But it beats me why the price and volume are where they are. I am non plussed. Something happening we are not privy to.

Market is drifting aimlessly. Low volume, no price movement. Absolutely disinterested.

It is telling action is not here but somewhere else. We are not privy to the strategies and negotiations etc of the big boys.

We will know that some decisions are made and agreements reached when the market comes alive. Or an RNS lands

Futurehire, I take your point,yes, big boys may not buy, but what about the friends and family? News gets around always isn't it?

I feel the situation in the decision room is still fluid. Hope I am wrong and we close the saga with a 30p next Monday.

Something is not right.

The IIs are in majority and know and decide the vote. They will know which way it is going on 17th.

If yes, why are they not buying and get a 20+ percent profit on the investment?

If they know it is a no, the obvious move will be to sell quickly and buy back cheap on 17th in the chaos that would follow?

Something happening in the background which is unfathomable without inside knowledge?

Anyway, it will be known very soon.

The thin volume and lack of movement suggest to me probably a 25p is in the offing.

Wise AftertheFact-

H'mm, may be you are right. May be we are all groping in the dark. All will be revealed soon, not long to wait.

Wise AftertheFact -

If the market thinks it is a "no" vote I think the price now will be very much lower. A no vote will completely collapse the price as the fear of insolvency will loom large. Somehow Petrofac comes to mind, God forbid.

Exactly my thoughts.

The share price is held at 22.50 by the market manipulators to help Sidara hoover up as many as possible. But why are the other IIs playing ball and not rushing in and make a killing of 30p is a given?

I think the IIs either got an inkling or a wink from Sidara that another nasty trick like 35 to 30 is on the cards. This time probably down to 25p and hence the bar is set at around 22.5p.

Can't think of any other explanation for the strange goings-on.