Member Info for Rock8

All the evidence points to him/her being wrong.

So I think those views can be dismissed.

IMHO

Sky News report from 10June 🤞

hTTps://news.sky.com/story/wood-group-races-to-finalise-sidara-deal-by-end-of-june-13381526

Very well summarised.

Let’s just hope that an offer is forthcoming by 30th as I fear the consequences of no deal.

Sadly it is the only possible explanation of the earlier discussed puzzle.

“Why does the Wood BOD not renew Sidara's extention to stay at the atble beyond 30 June?! The answer is simple and is there for all to see, Wood needs Sidara's offer and in particular the cash injection for Wood in order to strengthen the balance sheet and liquidity, which in turn enables Wood's lender to renew debt facilities under reasonable commercial terms. “

It’s going to be tense last few days of June.

Now we have a huge share overhang to clear so not good news

Exit FTSE250 tonight and Triple witching

The Chairman has said he’s leaving once he’s worked through the current issues.

Also triple witching today

Leaves at tonight’s close so should be a big auction.

Today’s rise could just be window dressing for some of the funds/trackers forced to buy when they entered FTSE250?

Kando

Totally agree with your post.

My concern at the moment is the 30th June Deadline Sidara set themselves.

As they knew WG couldn’t deliver the accounts by that deadline, why set it?

It’s a puzzle assuming they still want to buy WG and wish to see the accounts first?

It’s a riddle.

Ideas?

If only

Not sure the turn out matters if its a vote on a deal?

I didn’t vote today.

I couldn’t vote them out and so vote for shareholder obliteration.

I couldn’t vote for them as they have done a disgraceful job managing the business across numerous years.

So I it as most did - I didn’t vote.

Now they need to create shareholder value as quickly as possible by whatever means before relisting.

Turkey’s voting for Christmas again?

Fortunately the Turkey’s shareholder rebellion didn’t go well today at the AGM so maybe their other wishes will also be firmly rejected.

If the numbers are as poor as expected this will reopen in single digits without a firm offer on the table.

This BB will be alight with posts from small investors facing wipe out at open and the evil chatter of short sellers.

I don’t want that.

Just my wish?

Not so sure many want the numbers ahead of a firm offer?

Absolutely all the indications are the numbers across 22, 23 and 24 will be appalling.

Only the shorts want this relisted ahead of a firm offer.

As any offer is now likely ahead of the 30th will the numbers ever be in the public domain?

I doubt it.

For me that’s unlikely.

Ok but clearly they don’t believe replacing the Board now is the answer.

My guess is they want the suggested offer over the line asap!

I don’t think being ‘disinterested’ is a vote against the Board.

You are clutching at straws.

I think Sidara will take that as a positive.

The Board still have substantial shareholder support!

85% would be more than enough to get any recommended deal across the line!

That’s bloody good actually given the circumstances.

IMHO