Member Info for Rock8

HTTps://chatgpt.com/share/6952b500-851c-8011-9361-2f64632b350b

For what it’s worth

According to AI

What Still Needs to Happen Before Completion

Even with shareholder approval, several conditions remain outstanding:

🔹 Regulatory and antitrust approvals

Authorities must clear the transaction — this can take time and isn’t fully under Wood’s or Sidara’s control. 

🔹 Court sanction (scheme approval)

Since this is being done via a court-sanctioned scheme of arrangement, a court must formally approve it. 

🔹 No material debt acceleration

One of the Exceptional Conditions is that none of Wood’s amended debt facilities are terminated or accelerated in a way that violates the terms — this is still outstanding and could derail the deal if triggered. 

🔹 Other legal and documentary requirements

Certain legal steps and paperwork must still be completed — until these are done, the offer isn’t legally binding. 

“Boxing Day footfall hits ten-year high as shoppers defy gloom

Visits to UK retail destinations, from shopping centres to high streets, climbed 4.4 per cent year on year, despite initial reports of a low turnout

December 27 2025, The Sunday Times”

Excerpt From

“Boxing Day footfall hits ten-year high as shoppers defy gloom”

The Times and The Sunday Times

https://apple.news/ACwFBAVaERAyVOuJ7Cg00HQ

Imagine if we had sold out 12 months ago!

True.

It’s in both our interest you are right but I really doubt it.

Please don’t encourage anyone to assume this is worth more than 30p at some point to 2026.

If you did it would be insane and totally reprehensible.

Mate you mad.

Absolutely no chance whatsoever (I was being polite earlier) of anything other than the 30p hopefully before end March?

That’s my hope if not 30p by end of H1.

There is virtually ZERO chance of another bid at this late stage.

It’s already too late realistically.

30p possibly within Q1 imho.

Are you short, barking mad or both - Deal no deal 50:50??.

Mad otherwise.

Yes sorry, I should have known better just not been here for a while and felt sorry for him.

Sorry

YOU should be able to read and UNDERSTAND the financial statements.

THG only ever headline reported EBITDAR in their RNSs.

For a growth company that WAS USUAL to claim EBITA was ‘notional profit’ but sadly THG became a declining company and did not change their reporting procedure.

THG did nothing wrong.

YOU should be able to read the financial statements.

Sorry 2024 results were realised.

Not had 2025 yet.

🤞🤞🤞

The numbers THG gave ALL INVESTORS indicated what they meant.

Whilst the final numbers were slightly worse when the 2025 results were released it did not change things meaningfully.

I am very sorry you did not understand.

The numbers they published indicated what their words meant.

I am sorry you did not understand but I amongst others all told you what the numbers meant.

To be fair, I remember at the time pointing out that the numbers they gave to all investors showed this exact scenario.

You got upset.

Yes that is one interpretation but legally I don’t believe they lied.

Possibly it could be called ‘misleading?’ but they gave all the correct numbers and assumed their investors could read and understand them?

Not unreasonable.

I guessed they were hoping to pay a dividend when trading and profitability turned upwards - It has not yet.

Again to be fair they could if just trading had improved paid a dividend short term from revenues.

They historically had generated huge cash flows but never profitably.

But at end of 25 Revenues declined year on year as the P&L they issued in Sept/Oct suggested.

Paying a dividend from revenue not real profit was obviously not sustainable long term without that elusive trading profit.

They likely would argue they were making a EBITAR ‘profit’ BUT they were not making a ‘bottom line’ trading/operational profit.

They NEVER had and still don’t.

They should soon assuming trading/profitability has improved as expected and now that their debt repayments have reduced after the Matt funded capital raise.

SImple.

Stanley

Yes that’s what they said but anyone with a brain that read the P&Ls issued at the time of demerger knew that remainco was NOT ‘trading’ profitably and that the debt burden after taking on the Ingenuity debt was too high for them to service.

All obvious facts at the time.