Member Info for stuGGTTH

35p offer equates to a market cap under £250m, which is less that the EBITDA forecast, is this a joke?

Better fare at Easter Road, Ice

GGTTH

Stu

If Sidara could buy Wood for 70p per share, that is under £500m , the deal would have already been concluded - they have already looked under the bonnet, so would snatch Wood at that price without hesitation

Thanks Ellltelinv

Too many RNSs to go through to check, but I vaguely recall one of the big financials buying on their behalf

Good luck to all except *******, (I don't want to be labelled a dumpling) lol, so no name used

I seem to remember an RNS a while ago stating that Sidara were buying up shares, through an intermediary...am I correct, if so does anyone have an idea how many they may be holding now?

Probably save themselves a pretty penny buying at this level, should the takeover succeed??

Everyone calm down, enjoy your Sunday...what will be, will be tomorrow morning - but this constant hypothesising (without any solid facts) is becoming worse than pointless....

Mentally I'm thinking its 'no deal', so that anything else is a bonus, to contradict myself lol

Hello smythsmoneybox

I hold my Evraz shares in a Hargreaves Lansdown ISA and they have said nothing about the situation changing at all - possibly your friend might look into transferring them to HL if she would rather not have a share certificate?

Not advice, but hope it helps

Offer price will surely reflect a realistic valuation of Wood Group, I personally doubt a low offer (100p region) will be taken seriously and be sharply declined by Wood - that figure would represent a serious uptick on my investment, like many posting here, but that will not be a factor in Woods' thinking in the least

I posted a while back, 145p minimum and I stand by that - but I wonder if we might be pleasantly surprised, with something around the previous offer possibly, simply because the fundamentals are relatively unchanged from then - the only thing that has changed significantly is the share price - how much that will effect matters remains to be seen, but I imagine the participants, Wood, Sidara and the Institutionals are more looking at the business prospects than the share price, surely?

All this Increasing Shorts/Decreasing Shorts going on, if I was the suspicious type I might suspect market manipulation occurring

But surely not, the FCA have got our backs thankfully

Also realise that Sidara have proven that they really want to buy Wood by coming back again, surely they would not want to buy a 'distressed' company?

I think a follow on from US market decline - a sharp drop for SVM in Australia equates to the SVML drop here imho

https://sovereignmetals.com.au/investors/

I was thinking much the same Talies, 70p would value Wood at under £500m, Sidara would happily pay double imho

It was Sidara who approached Wood yet again remember so are keen to buy, the Institutional larger share holders will set the tone I feel, however

How much would the demotion from FTSE250 have contributed to the share price movement today? (See WG. News on this site)

I don't see it as hugely relevant, either Wood is taken over or the SP will recover to an extent where we are restored

Agreed, it does depend on how you look at it - a bird in the hand etc etc, but would you agree with many, many people posting here who feel the share price is being held down/manipulated to give a shrunken valuation of Wood?

Perhaps with a little patience people might realise a more realistic, higher price in their portfolios - its known as investing

"In less than two years, the company has failed to reach agreement on a takeover offer"

Can't you understand how slanted that sounds? Wood did not want to be taken over - they have not "failed" to do anything, they succeeded in remaining independent if anything...and currently it seems bizarre how many people posting here are eager to sell their holding for way less than it is truly worth

Shewillkillme - Donttellher

To what extent would Institutional large Wood shareholders be able to influence any takeover talks?

Would they have seats at the table to thrash out a deal, if any agreement is to be reached? I would think in such a situation Institutionals would bring a greater sense of reality to bear than some posting here, who would happily sell in the pence per share

I doubt these large shareholders will be such pushovers, they know Woods' true worth and will hold out for something more substantial than pennies, imho - a good thing as far as I am concerned

I actually see 'no deal' as better than a bad one - there is no immediate pressure on Wood to deal and I will have gained a decent holding at a knock down price

I have heard of Delek, Israeli company with fingers in loads of pies, so to speak...majority shareholder of FTSE 250 Ithaca Energy for example, who like Wood are also Aberdeen based

Agreed unlikely, but if their offer(s) are disappointing it might make a decent compromise - Woods' expertise and Sidaras' cash might be a good combination

I meant to ask, what do we think about some sort of merger with Sidara, instead of a buyout??