Member Info for RealitBites

Ha. Have heard that line before.
I have been selling all the way up and bought back a couple of times. I've definitely made more than the 10% I'd lose by selling if it goes through.

Have already decided my reentry point(s) if it gets there before or after an announcement.

Likewise LWHL.
I've done well here and the risk of no deal not worth the extra 10% ish.

Now watch a second bidder be announced lol

Very good points indeed.
But that is just the wind farms.
It is only a fraction of the energy transition. O&G needs to decarbonise their own operations. We still need to provide fuel for aviation, industry, marine vessels and carbon capture a non starter on those. Which fuel we use is up for grabs, but it won't be batteries or Uranium that's for sure!
Who has the petrochem skills, transport of chemicals, exosive gasses etc.
There is a transition starting now and Wood have fingers in a lot of those pies. CC(S), hydrogen, the two bases for synfuels., pipelines, high pressures, maybe offshore stuff.

The bottom line is energy costs will go up. Actually pricing in the pollution and our depletion of finite resources (including your big C) will cost money. Existing commercial models must change.

But the transition needs skilled engineers working under tried and tested, robust management systems, tools and controls to do this well and safely.
Who is better placed to do so?

Don't punish those LTHs and sell. Refocus and prosper.
I sold some hoping for a no deal but kept a stake to acknowlwdge the fact they might accept.

Would I buy here. Probably. If they sell, quick buck. If they don't, drop as happy and pals retreat and we see slow recovery from a company Apollo reckoned there was a healthy profit on at 240, so take from that what you will.

I am no expert, just airing my ow reasoning to further the discussion.
Don't gamble money you can't afford or listen to the people on here for investment advice for a billion reasons!

Lol happy. Ironic given the pessimistic comments.

I think you need to look into this a bit more.
Most of those risks don't exist or the EPC contractor is not exposed to. 85% reimbursible work!!! The clients paying for these are taking the risks.
They are slowly building up a library of specs and designs for various scenarios, being paid to along the way.
These may be small beer as they are at feasibility stage...but some will fly on to full EPC and those who already understand the job often go on to secure the next phase.

Pivot away? I don't believe they are turning down work. Just acknowledge the change in direction and positioning well for the transition.

I couldn't agree more. Happy very much looking back on a past car crash and ignoring the perfect tarmac (or whatever the green alternative is for roads) ahead.

Wondering what his average is and where he thinks he will find a safer bet.

Selling for a premium on such low share price historically. Great liquidity, solid backlog, huge growth potential, low risk reimbursible contracts, valuable talent pool, existing customers involved with wind farms and looking to their existing supply chains to transition. A perfect storm.

Suspect some would be chased out of town if it went at this price unless those closer to it knows something that I don't

Hopefully this is the start of the next leg. As pointed out, ISA day tomorrow. Hopefully this is the race for the door starting and we see some sustained rises over next couple of weeks.
GLA should be a good few days ahead :D

IMHO even at 240, WG is still one of those companies. What was the bid pipeline figure again? It was huge over next few years! Where else? Show me another sure bet like this...as I honestly believe it is.

Would be another loss to UK.

No senior or ex managers fancy fronting a buyout?

Happy wants a quick buck to throw on red, so lets put this into an asset managers hands and remove the huge future profits from our reach? Locking in losses for many ex staff and actual long term investors. I say pass......unless of course I am missing something.

Looking at the scale of plans. The bottleneck will be skills. These exact skills.
Supply and demand will force rates and margins up.

I've been considering who the other winners will be and there's potentially quite a few but some still hard to call. A lot will rely on results of various ongoing projects to test the realities of the vatious solutions. So will DAC becoming a thing, will boats use h2 or NH3, how will we heat our homes etc etc

Hold tight I say.
I agree with the theory that the MMs are stocking up right now and low prices benefit them...I am!

Might be a bumpy ride though...so nobody would blame you for ducking out on the hope of buying back for the big dips.

I am waiting til post results before going all in again.
Holding quite a few already though!

Energy service company....offshore wind, hydrogen, efuels, platform electrification. That stuff is going to be done....recession or no recession.

I'd selfishly like a quick rejection. They had sight of 240 so opinions will be known and it will be a quick double check and back to normality.

This offer shows the value others would pay and the fact the board and majority value it much higher.
A massive show of confidence to the markets.

Was looking back to Pearsons as a case study for a rejected offer. After a quick blip following the failure, it did well. Has pulled back again since highs but well, how many haven't had a tough year?

I have sold some but plan to take it back pretty quickly if there's a retrace.

And happy, i agree, it should be trading at over 230.....and the offer should have been £3+. So next step, reject. Small sell off from the likes of you which the MMs will drive price down for and mop up shares....then slow, steady rise back to where we are today or preferably higher...on back of growong backlog and revenues. Low risk reimbursible work providing a steady return and backstop for the riskier energy transition project investments.

Game on....when you selling?

In what way LWHL?

That's on the assumption deal done.
I think board and many investors know this is worth much more in long run and a disgrace if it sells for this now.
Just look at PFC, in a much worse state but landed a game changing contract which could see it's fortunes finally reverse.
WG in same , much sought after sector. Litterally billions being spent every month on the highly sought after skills they have. Massive contracts just around the corner.
IIs aren't all as short term as you seem to be. But, they may be tight for cash so depends and a suck it and see.
If it goes up anywhere near 230, I will take what I have elsewhere and hope they say no before buyung back.

You and Apollo looking back. Lets hope the board and investors have eyes front and center!

Oh. Fprget I set a limit to buy which just got filled. Hmmm....choices choices.
Market seems equally confused as to whether this will be accepted!

Sold a lot over past few days and this morning.
Thought I'd mucked up but held firm and sold into that jump.

No deal. Go on board. That's daft right now. Go bag a few biggies and see where things stand in a year or two.

Ha. Oh well. On not much then. Would have to be a big bump given the current offer significantly undervalues.

If it is and this has spiked before an RNS comes out, it stinks!

What's with the spike?