Darkest hour before dawn29 Aug 2025 17:27
I though the following significan, but seemingly WG have been addressing legacy issues (not sure about the directors)
`Wood has not generated any sustainable free cash flow since 2017, with a total free cash outflow from 2017 to 2024 of approximately $1.5 billion, reflecting multiple issues including regulatory fines, significant loss-making contracts, restructuring charges and litigation payments.'
Are the above a)historical b) past the peak c) how much still being resolved d) how long before there is a clear road ahead? e) clearly current BOD cannot navigate a secure future- Sidara see phenomenal prospects f) If synergies between WG and Sidara are so prospective surely the 30p offer is a `first strike' on acquiring such a desirable asset. Of course Sidaras (and Wood groups) competitors might not like the dominance that Sidara could exert with WG under Sidaras cash rich middle east competitors. Only thoughts...