Member Info for raghusn

Thanks Isle for your response at 12.56. Appreciated.

I was not suggesting Wood should go it alone or if a new bid is in the offing. At the moment my interest is mainly to guess which way the wind is blowing and to try and protect my investment and to maximize the returns as much as possible. To this end I think the shorters response to the market will provide a good indication.

Icecool - Surrounded by idiot!! Jesus Christ!

I can agree you are the wise one and the others here are idiots if you can tell me what should one do now? Buy, sell or hold? Or may be sell and buy on 17th?

If you can answer this and it proves correct, I doff my hat.

If you don't have an answer your 1000 posts are meaningless prattle. You are wasting your time here, there are many other better opportunities outside of wood, in the market and in the whole wide world.

Isle,

I am neither optimistic, not pessimistic. My opinion is that we just don't have all the information to do a proper analysis of where it is going.

Follow the money is a good saying. Since we are not privy to other big boys keep a watch over how the shorts react. Might get good clues.

Anyway that's my honest opinion.

I think the situation here is over analysed. Might be interesting for accountants and finance guys but for simple traders this is only of academic interest.

The big boys know what we don't know. The shorters will have a fair idea of the evolving scenario.

If they think it is a no vote they will short the share to smithereens. It would be trading at 5p by now.

If they think it is a yes vote they will resign to close out around 28p. They will do it on a quiet trading day in January 26.

I think this is where it is now. They expect a yes vote.

It looks like they have not smelt a new bid. If and when they do, there will be a huge spike. Could be there is a bidder but he is keeping a tight ship.

Things could still change. Worth keeping a watch over the price ,volume and bid/ ask.

Best time will be sometime during 13th, the last day of voting, before the major IIs votes are committed. That way the bidder keeps accumulating shares at a discount at the sly. There is no benefit of coming out with the bid earlier than 13th. So, if the probability of a new bidder was say 10% when trading resumed, it is still the same and doesn't reduce as trading days pass.

After a pause again gaining momentum. Might take it to 25.5 range it looks to me.

Someone finally got the confidence that the Sidara offer is going through and started buying. Could there be a stampede now to accumulate early before it reaches 28.5 and make a killing?

For the first time since trading resumed yesterday, it is trending up. Could be the bot just setting a trap getting people to buy and then move down to trigger stop losses? Can't be sure until the volumes pick up and the price goes above 25. Better to play safe and not sucked in at this stage.

Market Shenanigans

The bots are having a stranglehold on the trade. With algorithmic trading it dumps shares and forces the price down and recoup the dumped shares at a lower price. On the way it triggers stop losses and adds to the kitty. For example those who thought 22 p is the bottom and got in with a stop loss at 20 played into the bots hands when the stop was triggered.

A factor that goes in the bot’s favour is that a lower price suits many market players – shorts, Sidara or any other bidders lurking.

When will this end? When the law of diminishing returns comes to play. When the bot finds it cannot get many more shares from the weak hands and needs to recoup the shares it put in. Or, one of the market players, say Sidara, try to outwit others waiting in the wings and starts accumulating. Difficult to say when this could happen. Could be today (my fervent hope) or any day before 17th. Could be when the price is at 20 or in a single digit.

However when the stranglehold comes to end, there should be a fast and furious rise. The shorts, the bot, bidders trying to get their share.

I got in yesterday in five tranches between 22 and 25. I feel uneasy but will most likely sit it out and hope the 30p comes good or I get chance to bail out in the high 20s. No more trying to get in at the bottom for me!

Please, for God’s sake, don’t over extend yourself thinking 30p is a done deal. It is still the most likely outcome but not a certainty till it happens. Can hurt badly if things go awry.

Very similar trading to the one before suspension. May be the same bots.

There was an offer of 35p and still the boys were able to bring the price down to 18.

Only difference now is there is a firm offer for 30p.

Could be a good opportunity for strong hands who can hold for 7 months. Unless there is some skulduggery going on.

One must be careful about rumours that might start to fly around, ideal time for it.

I think this cannot continue for long. The trend has to break in one direction.

Probably no more supply coming at this level. Those who wanted might have exited. If the buyer needs more share might have to raise the price level.

When trading resumes...4 Nov 2025 04:49

The weak hands will rush to the exit door. Weakest will be ready to accept 25p now rather than 30p after seven months. Sidara and any other interested bidders might stay on the sidelines in this initial phase waiting for an opportune moment later when the price drops. Shorters will be busy, dumping shares and hoovering up when stop losses are triggered and prices drop.

Situation will be similar to the days just before suspension.

This is when Sidara and other bidders if any would start to accumulate. If there are more than one, there could be a fast and furious rise. Bidders will buy up to a tad short of the price they are planning to bid at.

This what I would expect from my blind corner. There will be other savvy well connected traders privy to price sensitive information who will greatly influence the course the trading takes.

BOTs trading happening to drop the price and trigger stop losses and get some from weak and nervous hands to sell. Mostly buying and selling between related parties so no real losses except the brokerage.

When the price is adequately depressed the one employing the Bot will start accumulating and the price will rise to normal level.

BOTs trading to drop the price and trigger stop losses and get some from weak and nervous hands. Mostly buying and selling between related parties so no real losses except the brokerage.

When the price is adequately depressed the one employing the Bot will start accumulating and the price will rise to normal level.

This kind of incompetence is inconceivable. All that is required from FCA is to make sure the accounts are published which Wood have most certainly done. To delay trading by 5+ days for a ticking the box exercise amounts to complete lack of concern for the thousands of shareholders.

The weak hands will rush to the exit door. Weakest will be ready to accept 25p now rather than 30p after seven months. Sidara and any other interested bidders might stay on the sidelines in this initial phase waiting for an opportune moment later when the price drops. Shorters will be busy, dumping shares and hoovering up when stop losses are triggered and prices drop.

Situation will be similar to the days just before suspension.

This is when Sidara and other bidders if any would start to accumulate. If there are more than one, there could be a fast and furious rise. Bidders will buy up to a tad short of the price they are planning to bid at.

This what I would expect from my blind corner. There will be other savvy well connected traders privy to price sensitive information who will greatly influence the course the trading takes.

Ultimately, one has to play it by the ear, there are too many market forces to make any prediction with confidence.

I might stay on the sidelines and take the 30p later if the price stays lower. Might sell in tranches if it goes above 35p.

Where is this heading?

The accounts saga has concluded. Now anyone can pick numbers to suit their narrative. For me, the main takeaway is there are no negative surprises. This should provide the required confidence for any interested entity to enter the fray.

Wood is in its present situation because it was in the EPC business. EPC can provide handsome profits and if things go wrong can also be disastrous. Petrofac’s Shetland project is a case in point.

However it is all in the past. Wood have exited EPC since a couple of years. Their engineering/ consultancy business will provide a steady 10 -15% margin. That should translate to 150-200 million pounds a year at their present contracts strike rate. The oil & gas & energy sector seems set for a good few years of buoyancy Wood’s business , wherever and in whichever form it exists should do extremely well for few years. I feel there are many companies out there who would be keen to buy it out.

I will be very surprised if no other bidder turns out.

@Isle

Yes, the debt is the major reason the price offered is what it is. Sidara took all factors in to account and came out with the number 30p. My point is that this would not be actually what they think is Wood's worth, but a low cheeky bid to try their luck. If it works it could be a windfall but if others enter the fray they might go higher.

Why would I think there will be other bidders?

1. Wood is in the energy infrastructure engineering business, which though unglamorous, is huge money making. There are other players in the business who would be interested in acquiring Wood’s business if the price is right. For many, it would be a strap on, revenue accretive move.

2. After many months of due diligence Sidara know very well what they are bidding for. It is common sense that if they offer 30p to start with, the business should be worth more. That is how price is negotiated in any business.

If I, a simple retired investor know this, the business savvy of the world know this only too well. They only need a look at the accounts to get a sense of how much more it is worth and make their moves. There is no need for them to come out now, it will be bad negotiation strategy to do so. Right time is few days before the AGM when they have facts and figures.

Now, Sidara know this as well. They would be relieved if they could manage to get the deal done before accounts are published. My suspicion is they would have tried it possibly and the IIs put their foot down. Now why would IIs accept 30p for their investment if it could fetch more? A open price discovery in the market place is what would suit them best.

So, I for one would wait for 31 October with fingers crossed.

And no more tripe from me unless new factors emerge .

😂 Yes. Now you see why they are in this deep hole! Mea culpa!