Member Info for Stupmy

Your management say yes, you are wrong. You're management say that they are minded to support at 35p bid with 450m cash injection. That's a red herring. If someone takes over WG, they have to pay whatever they think that SH's/Management will accept and they will have to take on the risk of turning WG around. Sid are saying and WG are apparently agreeing, that WG is currently worth around 250m. Any company buying them will have shoulder the expense involved in turning them around. That's the 450m. But the sale price is 250m more or less and management are looking likely to recommend it.

"I will 'hold' and thnk it will be positive news after 30th April , and beleive 35p is 'base line figure (85p if add finacial input )"

Here we go, the 'to infinity and beyond boys are on board', what could possibly go wrong.

.."SIDARA have no doubt seen the skeletons in the cupboard and are satisfied that the upside of the deal is worth the 35p they put forward,.."

You lot are seriously deluded. You need help and no-one can help you.

If Sidara were satisfied, they'd make an official offer.

Christo, I fear you're wrong as the Board of Wood are minded to accept 35p and 450 million if that off is officially made.

New extension to May 15th.

So much for the thoughts of that twit on twatter then

I was watching that SD and was amazed. But is it cob today that you have to hold until? Drop by tomorrow am? Was a bit confused that it rose. Pleased though.

It's a silly way to think, but take out the 20 to 1 consolidation and we're at 8p or thereabouts.

Good call SD, I'd never have imagined we could be back down at these levels, but here we are.

Is it not agricultural machinery PC as well as military kit. I keep thinking that in a trivial sense the tariffs sound ok, but given a bit of time they'll be useless. For onshoring jobs/production, as you say it takes time and a lot of comittment from manufacturers (cost). Trumps here for another 4years. By the time new operations are up and running in the US, companies will be outsourcing to nations with cheaper labour again and the production facilities will be mothballed.

Like you say, it seems to be about negotiating a better deal for the US and getting the world to understand their view. I guess he's got the US debt levels in mind.

If it is a negotiation tactic, which I believe it is, then we might all come out of this not too badly. I do worry about his stance on Greenland and Canada though. If he were stupid enough to push ahead with his interests there, then you'd imagine China have a free hand to take Taiwan and NK would try to take South K. There would be so much conflict that no-one could look after anyone else and we'd move to a really chaotic place. Presumably if that type of scenaria started to play out, Russia would be emboldened too. It's very, very interesting.

I'd say that's very unlikely. HBR need to give a confident view of the future. If they cut the divi now (so soon after confirming it) it would send a horrible signal to the markets and the SP would fall further than the 10p of the divi. In my view there will be no divi cut.

Looked like margin calls to me also this morning PC, big fast losses. There'll have been some on leverage destroyed. I'm assuming the falls have now been exaggerated by problems with leverage/margin calls. If you look at Roundhill MAG7 it's now off 30% since december. You'd expect that to be hit hard if you believe that their valuations are/were too steep. What's interesting is that the US500 is off 21%. You could also rationalise that if you believed that the leveraged positions in the MAG7 were driving the losses.

I assume when the US opens today the MAG7 will drop again and that the US will sell off again. Pretty well anyone invested has been hit hard (including me), but I'm happy with my entries and as long as divis are maintained in various places, can now walk away and take a year or two off if necessary. How right did WB get it by moving to cash!!

Rightly or wrongly (and only time will tell that), I bought some this morning. I had a limit order for 247 that did not trigger, but bought manually around 257. Fingers crossed CBG have set aside what they need, the result of the court case isn't too bad, any changes to motor policies going forward are not too damaging to cashflow and that CBG comes out of this the great company it was before these shenanigans and re-instates a dividend in the nearish future.

GLA

That wasn't history! I was looking to the future. I think it's an additional sign that Sid are serious. But this all starts to fall into the bucket of confirmation bias as I've made my decision about my position. I know what condition my condition is in. I'm nervous (apparently like you). My exposure far exceeds what you've discussed. I'm treating it as a 'to zero' trade. I have no protection, have rationalised it as much as I can and I believe will be able to get out at b/e or better in the not too distant future. But, I think there will be a 2nd extension (guessing from my own rationalisation), there will be a suspension (after a price fall on the 2nd extension) and that at the end of it all WG will survive, turn the corner and the SP will be just fine. But I've never been in the boardroom (for this type of discussion). My wife (who deals with some very high level stuff and has a very low risk tolerance) has made it clear my best move is to get out now. But she's not an investor or trader and although she has a lot of experience of a lot of things, I believe (depending on your entry price) that this will at least give an opportunity to get out. But it might be a rocky road and as stated previously, I'm uncomfortable. This is the first time in the last 3 yrs that I have been uncomfortable.

Pole position Captain. They want to be ahead of the game. They want to know what they need to know before the accounts are signed off. At that point, there's a risk of new suitors turning up.

Just my thoughts.

Captain, I posted earlier that I thought that a 2nd extension will be sought and that if Sid continue with their interest we'll go into suspension as we've stated we can't meet the deadline for signing off accounts. As suspension increases in likelihood (if it does), I believe the SP will fall. That's a warning or an opportunity and you've got to make your own mind up which. OM, who seems to have more relevant experience suggests that that is not necessarily the case and a bid could come before signing off of accounts. As has been the case on this bb for a long while now, there's no certainty (hence my discomfort) and we have to make our decisions on current holdings and future actions according to incomplete and very 'hairy' information. I've made mine and don't sleep that well anyway!!

Captain, I actually disagree with you on the point that Sid will get WG for peanuts. The rest seems obvious. Sidara will act in their best interests. It might take a little while, but I think (consistent with the view I posted earlier 'this weekend'; sad f k that I am), WG will move forward from here and the SP will rise (that's in the absence of a takeout).

Thanks OM, I have to say that I have no direct experience of this type of thing, but do try to rationalise all outcomes on my trades and investments. Although I have a lot of general experience, I don't have specific experience in corporate affairs/accountancy etc. I have resolved to hold onto what I have (a substantial holding), but I'm uncomfortable with it.

As for the post re 'get a life ffs' or whatever I wrote and got a response to, it was irony, as I was, myself posting at the weekend. I don't do that a lot, but I think it is a sign of my 'discomfort' with this situation.

The way I have rationalised in my head, there is a very good chance that I'll come out ok. If there is an extension, then a suspension, my guess is the SP will drop moving into the suspension. I'm considering doubling or trippling if the SP comes off to around 10-12p. Don't jump down my throat over that figure, I don't have a high conviction that it'll happen, it's just a point at which adding a lot, brings down my average entry a lot and gives me a good chance of reducing at b/e/ or above in the near future. All guess work, my own thoughts and certainly not intended as advice.

All makes sense to me OM, but personally I can't see Sid bidding without the accounts being signed off. To me that suggests that there will be a further extension (if Sid remain interested) on the 17th and share suspension when the accounts are not submitted on time. I think Sidara will want those accounts in order.

Oh, and all of you that are posting on a weekend, get a life ffs.