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OIL INDIA: CO AND GAIL SIGNS 15-YEAR GAS SALE AND PURCHASE AGREEMENT FOR SUPPLY OF UP TO 900,000 SCMD OF NATURAL GAS FROM CO'S RAJASTHAN FIELDS

GAIL: CO SIGNS 15-YEAR GAS SALE AND PURCHASE AGREEMENT WITH OIL INDIA || DEAL TO SUPPLY UPTO 900,000 SCMD OF NATURAL GAS FROM OIL INDIA'S RAJASTHAN FIELDS

Is what I want given the billions of contract wins post trading suspension and given no public section contract wins like carillon

Agreed some of these comparisons are bananas. Of course the debt can be serviced and there is no way billions of pounds of NEW contracts would be signed if Wood was about to tip into administration as the companies signing the deals would have to do comprehensive due diligence! It’s amazing how gullible some people are on here but I suppose you could draw comparisons to people voting for labour and being conned

Wood has recently secured several major contracts and contract extensions, including a $2.8 billion EPCm package for ADNOC in the UAE, a $120 million contract extension with Shell UK, and a major brownfield EPC contract in Brunei with its joint venture partner, Tendrill International Sdn Bhd. These wins highlight Wood's strong position in the energy sector and its ability to deliver complex projects across various region

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Yet the car still wins huge races and is put forward for competitive races. The passengers on the car are getting rewarded and in high moral, the car has plenty of time to change the driver and pass the MOT. Once MOTd and Serviced the Aston Martin will be fully refurbished and feature in up and coming James Bond films even if James Bond is now from Africa

carrot that’s absolute *******s, a 10 year old car beaten up by owner doesn’t win 3,000,000,000 pounds worth of profitable contracts, employee morale relatively high(you could maybe be liking that to passengers in your). your analogy is bananas. the debt isn’t serviceable until october 20 26 and could easily be managed hundreds of companies across the globe have enormous debt and con service and finance them. this is being engineered to be bought out of £.35

Thank goodness? Are you mad? 35p won’t be accepted with billions of pounds worth of profitable contracts won recently

Banbury I think this deal

Is being forced through ans will be a complete steal at 35p. Wood group is going very well. Winning large profitable contracts and employee morale is also a lot stronger as I work closely with Wood. Pay rises have been granted this year and the media and board of directors trying to get this over the line at 35p when it should be at least 70p

Plus 450m

Injection. Also, the debt is serviceable and manageable. Given the size of the turnover it’s all been hot air due to the account. This is being scammed at the moment 35 piece is not good enough. It should be rejected.

There will be a different board when sidera take over and rob the company for 85p

Is there actually anything new in that article ?

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https://www.ft.com/content/9b067954-7a64-45b6-b4d0-3535eeddc494

Red flags were raised over Wood Group’s financial statements as far back as 2017, according to corporate and regulatory records that indicate persistent questions over its accounting practices.

The London-listed company — which the UK’s financial markets regulator is now investigating as £242mn takeover talks languish — had to restate an income statement after being questioned over its 2022 annual report by the country’s accounting watchdog. It was the second time the Financial Reporting Council had found problems with Wood’s accounts.

The energy engineering company’s directors also criticised three separate internal audit reports covering certain business divisions in 2022 and 2023. 

One was an “unsatisfactory” audit into Wood’s projects division, its second-biggest by revenue. The unit is at the centre of a crisis after an independent review by Deloitte — prompted by conversations with Wood’s auditor KPMG — found “material weaknesses and failures” in its financial culture, including information being withheld from auditors. 

It marks the latest sign of trouble at Wood, which has had to suspend its shares while it restates accounts for 2023 and 2022 and prepares those for 2024, complicating a potential takeover by the United Arab Emirates-based Sidara.

Sidara declined to comment. It was still intent on seeing the deal “over the line”, according to one person close to the company.

“These issues complicate life for everyone involved, but the push continues,” the person said.

Wood has extended the deadline for Sidara to complete its offer several times, with the current target set for the end of July.

Before its slump, Wood had been a homegrown success story of the UK’s development of its North Sea resources. It had a market capitalisation of more than £5bn as recently as 2018 but has been struggling since a £2.2bn takeover of Amec Foster Wheeler in 2017 left it with high debts and legal liabilities. Its market cap fell to about £126mn before its shares were suspended on May 1.

The company announced on June 27 that it was being investigated by the Financial Conduct Authority, the UK’s financial regulator, following the Deloitte review. The FCA, which can impose swingeing fines, can investigate listed companies beyond the financial sector for the accuracy and timeliness of statements made to the market.

Separately, Wood’s finance chief Arvind Balan, who joined the company in April last year, resigned in February after admitting mis

Although most people know that vaccines have caused longer term damage and in fact death some cases. It’s amazing how may conspiracy theories end up coming true. I know someone who has been crippled from the so called safe vaccine that the bug Phama made billions from

Ice no it will almost certainly get pushed through at 35p unfortunately. Atleast I suppose that is the very minimum shareholders will get but will be surprised of a higher offer from another bidder will get through. Let’s see, not much to do now other than wait till end of July early August.

I’m hearing they desperately want to get it done at 35p which to me sounds like there could be other bidders once accounts are posted in early august as there is little to do now before publications. The deal if pushed though at 35p will be done early august and transition by end of October and the stock is not coming back. The only other possibility now is another bidder

Deal goes through in August, the shares will not trade again and complete handover by end of October.

Down 10% ffs either top up time again or wait for news. Expecting the US India trade deal as well soon

Agreed but will Potentially happen when the accounts get posted at the end of July. So August / September likely see other bidders and a much higher offer than 35p

US BESSENT ON FOX NEWS: WE ARE VERY CLOSE WITH INDIA TO SEAL THE DEAL