Member Info for Sm66

Blueboy

That’s not what’s written in the RNS.

It clearly states 35p for the shares and a cash INJECTION of 450million.

It also states that it is mindful to recommend the offer, therefore it still has to be voted through with major shareholders and lenders. They may be able to provide a better outcome in the medium term without gifting the business to Sidara.

As for shorts reducing, they can wait until 2 days prior to suspension to start clearing out without any of knowing until it’s too late.

🔔 end is back!

Perhaps if you read the RNS’s you’ll find that Sidara’s conditional offer is 35p plus a cash injection of $450m. It’s the cash injection that we didn’t foresee which in total makes the offer worth 85p but rinses shareholders. However, it’s still a fair way north of 20p

Looks like they purchased 1.7 million more shares than they sold yesterday.

4.67% unchanged

https://shorttracker.co.uk/company/GB00B5N0P849/

FTSE is up 1.1% pre open

Solent

It was an interesting read, if a tad on the sad side.

I’m thinking a no deal is the best option here, giving the company away for 35p is robbing shareholders. The $450m cash injection is part of what Sidara value wood at. If this deal goes ahead at 35p it’s a disgrace.

Whilst I agree with your comments about how helpful this BB has been, there have been plenty of arguments in both directions. It seems the trolls are winning. I based my opinion on the reported fundamentals and engaged with a few on here in order to justify my opinion and investment. It’s beyond disgusting what has happened here to the SP. I’m holding out now although at a lower number than I had a few days ago. If we get 35p it’ll be worth the wait but still very disappointing. A few on here are stating they’d rather have a dilution and new management and I’m inclined to agree. The current management have totally miss led investors. I’m still struggling to get my head around the CEO’s statement that 230p undervalued the business and here we are at 20p.

Give me strength

Why delay? Erm! Read the RNS. Completion of the Deloitte review

Also because it’s a conditional offer and from memory one of the conditions was the completion of the 2024 accounts which isn’t expected until after suspension.

Because the deadline is 5pm today

Absolute drivel being posted about client exodus. The business is still winning new contracts and with oil majors. If you’re going to behave like a troll at least do your homework and perhaps back it up with evidence.

There are many ways this situation could evolve but liquidation is extremely unlikely. IMHO it’s more likely that an extension will be applied due completion of the review, then we go into suspension for who knows how long and that’s a threat. Anything could happen whilst suspended, none of us on this BB know the outcome of the review or whether sidara will lower the bid or raise it. One thing is for certain, the BOD’s rejection of 230p because it undervalued the company is a lie and they should be held accountable and fired.

MW reduced yesterday but only very slightly, shorts are holding on which is a concern. Unless they’re pushing it until 5pm tomorrow they seem committed to holding out which means they expect a lower price than 21p. Gobsmacked by the demise of WG. Think I’ll stick to ETF’s from now on. I never imagined WG would turn out to be as bad as PFC. gutted

Well I sold yesterday at 27.7 and am back in today at 24.2. I figured if the price is 35 then why not. Looking at yesterday’s drop off and today’s drop I’m wondering if the shorts are creating an opportunity to exit before 5pm on the 17th ? Of course we won’t know until tomorrow’s close.

It appears that the market thinks the deal will fail, II’ s are reducing rather than increasing. Not looking good. Personally I hope it does fail and the business rebuilds but you have to wonder why the BOD’s want to sell for 35p???? And 450m cash injection obviously

So, given a potential ridiculous 35p offer that the BOD’s are minded to recommend, what’s the worst case scenario here now. If Sid walks away the SP will no doubt drop another 50% or so, the barrage of poor RNS’s since November have destroyed this company and it’s now resembling PFC. although they reportedly have until October 26 to restructure debt and its 2026 that they claim they will be FCF positive. What have they been hiding in order to destroy this SP? Surely the likes of black rock and Barclays will be asking the FCA to look into this not to mention the activist investor who requested a sale.

Whilst deeply disappointed, I have to support icecool in his analysis based on the available fundamentals. Usually 4-6X EBITDA minus debt. The CEO has been responsible for the destruction of the company which is shameful and frankly should be illegal. What was he on about rejecting 230p as it undervalued the business and a short while later they’re considering 35p? You couldn’t make it up.

I’ve sold out the majority of my holding at 27.7 earlier today. I’m left with 40,000 shares at 25.7p which I’m going to let ride through suspension if necessary. It’s a shame we have to expect the worst too frequently. This country is a shambles.

The bid is 35p lads not 27!

Buys outstripping sells and it’s being held in a pathetic range! I want out now but they’re not getting my shares for 27p

Should’ve gone with my gut at 42p. Don’t get me wrong, I’ve made on my average of 25.7 but this is very disappointing. How does the previous rejection of 230p because it seriously undervalued the business sit now? What a shambles this management are. I’ll be out today. Going to sit on cash for now and see how the world markets react to Trumps shenanigans.

GLA

Lightnoheat

So you’re long but?????

Transparent poster.

Member since feb and only post on the wood BB.