RE: May be Siadara is playing a dirty one17 Apr 2025 14:33
35p is 'cheap as chips' if they try to lower what they have stated they will offer ( all being equal) they will have lost all credibility. Noboby will ever entertain them again. Reputaional damage done.
Who knows what can or will happen here. You never know, could work out that cash is realised in time for the next round of Trump tariff rollercoaster ride.
Extract below for yesterdays RNS = We are confident that accounts will be ajusted to a satisfactory conclusion. We will not be bullied by the fact. End.
Publication of FY24 results
Given the timing of the Review and prior year adjustments, and the extensive work needed to conclude the audit, it is now expected that the Company will not publish its FY24 accounts by 30 April 2025.
In that case, the Company's shares would be suspended from trading from that time as work progresses towards completion of its FY24 accounts.
Extended further is not the end of the world. This is a good businesss with good fundamentals. Keep the faith. If you are invested for the right reasons, I for one, believe things will work out.
Suggestion / best guess, given where we are, Sidara's offer icould be a cash offer, valuing Wood Group at around £1.4 billion. Equal to £1.70 per share.
Sidara has until March 24, 2025, to make a firm bid for John Wood.