Member Info for Surin

Who said `all that is solid melts into air...' lets see what happens...

Correction "...But all is [NOT] yet solid..."

JO, I think, any competition and Sidara will up their offer. I thought they might have tried to do it to get a larger vote. But all is yet solid...hence why the FT intimates that Sid/others want the deal finalized quickly

JO, you, like me, think Sidara have been accorded a golden opportunity...Am I wrong?

Still a long way to go to anticipated March/April (may?) closure. Anything could happen. I am happy to hold my wood for a paltry 15% return (I expected more, 35p at least) because I think the general stock market is in decline, However I reckon Gold and lithium will be fine, oh and oil/gas/mining/associated services firms will be fine. I think that what we are seeing is nor a secular nor cyclical shift its a demand shift away from the west. The rest is a massive /growing population of consumers...and makers...It was Kennedy that wrote the `Rise and Fall of Great Powers'. In the meantime resources are required, and prices are not falling away.

As FF stated when the 1st trance of the money lands expect SP to go to 27-28p. That is imminent if yesterdays announcement is to be trusted ie

"All outstanding conditions precedent under the A&E Implementation Deed, the Sidara Interim Funding Agreement and the Escrow Agreement are customary documentary conditions precedent within Wood's control and Wood expects to satisfy them in the next few days. Wood will receive the $250 million Sidara Interim Funding and will have access to the $200 million New Money Facility shortly thereafter."

If the FT is to be believed and Sidara want the deal done as quickly as possible expect the SP to move upwards `shortly'

Just about to generate significant cash flows after a long time exploring, proving up and getting operational...why sell now. I think chin suay will keep selling down, so will be plenty of opportunities to buy, unless Hainan make an offer that Kod cant refuse.

I though it was about march 2026, again everything kicks in when court approves. Date of court hearing to be announced. Thats when the countdown starts, and shares are taken off trading. Again, all in posted documentation.

Excuse my typos, i have clubbed fingers, and am writing from my mobile.

There is a lot to read, but i think most of the answers to questions is in the documentation, and one can look up the pros and cons of the court sanctioned route (i am sure the documentation supplied gave a justification- speed money etc.)

Danny, nothing goes through until the court sanctions the takeover...it is one path in the takeover law , again just my understanding. Further sidara jave the option to raise their bid should another bid emerge. I thoght i read that amongst all the stuff in the documents posted.

Sen, it was made public, but relatively recently, and it was historical. I cant give you exact details...you would need to look into recent annual report...i think that is where it was reported.

Sen, ZERO is a bit too certain for my liking...another bidder would be nice...

Falcon...thx. goodish day for me with wg and kod

Shares are traded until such time court sanctions the takeover, as far as i am aware. A lot of time yet to pass.

I wonder if it is worth sidara buying 5%-7.5% cheaper than the 30p?

P19. Strong forecasted free cashflow following first shipment...looks good...

'cut price'....'One person close to the transaction said Sidara was “looking forward to completing the transaction as soon as possible”.' bbc radio 4 uses same cut price type language....

Light...i am of the opinion that Wood is at an inflection point. They need more financial discipline- there is not a problem with internal competence nor weakness in competitor analysis. The wider market Wood are in is growing, and there is much recurring income. AMEC brought a lot of litigation costs, and the WG pricing model based on a low/zero inflation context is not appropriate. Both these issues/matters are at their tail end or historic. If wood can turn even a 5% return on 5bn turnover...then debt is not an issue. Sidara clearly dont see the Wood Group as an uncompetitive, declining business model. But hey let the story unfold, and lets hope the best of Scottish Educational and Engineering capital is retained, maintained and advanced.

Seems MB is a privileged twat. Assured of himself despite a history of failure. I may be wrong, and I hope I am.