Member Info for rickmeister

Surprised to see this one shorted. Odd company, small cap but massive cash in hand. If it moves into profit after a series of losses the re-rate could be substantive

Literally, not happen before. It is being used in the context of ITM that they have not seen this level of interest before.

Hence some are leaving, having taken legal advice it should be noted. Its a proper mess but hopefully there is a route out, either by takeover or trading on.

For anyone who has not seen the Chairman's statement in full, here is the link: https://www.woodplc.com/__data/assets/pdf_file/0036/298485/AGM_covering_letter_2025.pdf

Value of shares bought greater then the M cap!

Lets hope so a Mcap of £85k doesn't inspire. This will also be a drag on obtaining business.

WG's wounds are entirely self inflicted, as demonstrated by Weir Group, also a Scottish based engineering group, whose result are healthy.

It says £66k. A pittance, surely debars any further equity (or debt) raise. I've already written this one off.

Yep and I think Sidara have until 17th to make an offer. If it's coming it should be shortly. This is too good an opportunity for Sidara to miss as WG's t/o is double their existing. They can pick up Wood for sub £200m

Why didn't we sell Vardar? Surely its worth as much as the pittance the company will raise via a placing. I doubt if they will raise all they hope for.

Swedish miner Boliden plans $370 million share issue to finance acquisition. They could have Kallak for a few mill.

Their latest accounts, albeit Dec 23, shows £434m cash at hand-I'm not sure they could have hid that from the auditors. Many of the tricks the co. have been up to are common practice, provisions instead of writing off, booking profit before it materialises, hiding losses on specific projects. These are cultural issues often driven by top management pressure. Hopefully the company can move forward with the proper culture and all the bad news declared.

Shorts look to be unwinding-down to 4 open positions, it seems.

A placing for £88k, unbelievable. BoD should hide their heads in shame.

Information from this company has always been limited at best. We don't know if they are being proactive in the renewal of the PSC or whether they have no input. At the current SP level a placing would be pointless as would debt for equity. I hope and assume that they are waiting for the PSC and GAIL contract to both renew so an improved SP will give them more scope.

Could the shorts be defensive against no offer, ie they are both short and long-bet hedging?

Now we have a substantial interest in Bluestar at least we will avoid any Trumponian tariffs on imported helium.

As recently as Oct 24 Canaccord had a 250 target!! Only 1,000% off.

And the Sun is of course 25% Helium. It's all lining up!

A couple of observations. It is Focus, not Indi, in the dock. Whilst the 2 are connected I don't see how Indi could become liable for the required financial security. If the law operates the same way in India as it does in the UK then prima facie evidence doesn't imply any specific outcome. Without pf evidence the case can be dismissed arbitrarily, the judge is saying there are sufficient merits in the petitioners case for it to proceed to arbitration. It seems to me that both parties have made mistakes and there will be a settlement between the two positions. Having checked both Indi's and Focus's websites, it is surprising to not see any reference to the claim and counterclaim anywhere. Focus is not listed and is opaque about its finances.