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I wonder if the progress to a 'firm' offer will entice those, if any, in the shadows to start revealing themselves. If sidara see turnround for WG, others also will.

Agreed bob...sad day for aberdeen and scotland

Wow, sidara see phenomenal potential. Need to wait until publication of accounts to vote, hopefully others see the same as Sidara, and see greater value...good to move on from current situation...

Pieman you say `I suspect putting a colour to envelopes may well be frowned upon these days'

possibly...perhaps its best t6o say `white envelopes', after all how did the European Colonial order hold together!

Who owns the UK seabed? What taxes does the Duke of Westminster pay? who set up and provides support to the UK tax havens around the world. Are WG board just one piece (albeit a small one) in a network of self serving, incompetent, mutually enriching UK and international elites.

GR you say `The Arobs can't get enough people to accept the brown envelopes.cTold you they would try to shaft the shareholders. Never underestimate the level of kor=ruption.'

How many `brown envelopes' do you think Boris Johnson and his tories accepted?

Solent you ask

`Can we do anything legally based on the constant advice from Ken and the BOD saying shareholders don’t need to do anything . Is this not them giving misleading and false information to us all so many times which leads to their gain ?'

Perhaps you could try Nigel Farage, and REFORM! The chocolate teapot -FCA- is already on the potential crime scene (I wonder what got them to get up and go?)

Thorno you say

`Sidara want to sell it.' (actually Sidara want to but WG)

Wood want to sell it. (actually the Wood Board are `minded to recommend'. We dont know if the owners want to sell at 30p per share.

I would be surprised if WG board got 75% shareholder approval for Sidara Offer. Thankfully the lenders are not going to pull the plug. In the meantime, my quick glance indicates WG has sold businesses woth upwards of $250m since january (only a cursory reading of the news section of WG website.

"There is also commercial alignment on the headline terms of a stable platform arrangement with a shorter tenor extension which would take effect under the Creditor Scheme if the Possible Offer did not proceed and would provide a basis for Wood to develop and implement an alternative refinancing option, which would also be subject to the Creditor Scheme.

The Proposed Refinancing remains subject to finalisation of terms, credit committee approvals and agreement of long-form documentation. Wood is in constructive dialogue with its lenders in relation to these items."

Mids...I dont think WG lenders would want to pull the pug, after all they are getting paid. The lenders may like Sidaras offer of cash injection...but what is desirable is not also necessary...hence viability of plan B

Comes a time when its time to buy...I run free shares on kod...its been the only one I can pick lows and sell to withdraw my stake. My time to buy is coming...I think year low might be approached...its nuts, but there is an institutional seller.

manfor you say `...these desert chancers...' what sort of chancers are/is private equity? you sound a tad ******...but hey, you reflect the times!

Sidara baseline defined at 30p. Can really only go up from here since i cant see Sidara pulling their bid, and woul be surprised if first offer is last. One could argue that board keeping sidara sniffing has provided some backstop to Wood Group as events unfolded. So i take 30p as starting point.

My apologies, I really did not want to post any of my thoughts, just had a bit to drink and reflect...whatever

...I dont like toxic people - posting my comments invites them. However, let me know the limitations of what I posted

WG keeps getting orders, other are extended, others ongoing. Assume WG will remain a going concern.

Cash flow is one of the main causes of bankruptcy. WG seem to have covered their cash-flow shortfall, ongoing cash flows (from past and present contracts) is not known, assuming contracts will be honored the shortfall is not significant in the grand scheme of things (especially given COVID. and subsequent cost increases (Wages, inflation, interest rates etc).

Many of the Lenders are claimed to be long term relational lenders. Lenders have been paid because Wood is a cash generative company - there has never been questions about default. Lenders are making their returns on loans premised on order books/cash-flows and sustainable P&L accounts. Creditors dont seem to have assets claims (after all WG is a Human Resource company not a commodity owner- people can move and are not owned)

I really do not think that re-stating historical balance sheets (or, profit and loss accounts) ought have a major impact on the lenders- as long as they are being paid, and will continue to be paid.

Too many people assume that the creditors would call in their loans early (they could to do Sidara a favour). I do not anticipate that...but who knows.

Anyway, the above are my thoughts that underpin my optimism that WG has value, and Sidara (naturally) are attempting to acquire a historical prey that is temporarily weakened. Sidara are being opportunistic...thats business...Sidara will get a bargain...not sure how it might affect job opportunities/careers in Scotland and UK...but hey...thats economic nationalism.

Https://www.woodplc.com/news/latest-news-articles/2025/ampol-extends-partnership-with-wood-for-lytton-refinery-maintenance.

Sae has had a difficult ride. But tidal energy project has delivered, at a very good time with gb energy being set up. BESS is advancing and Asset/land with infrastructure is developing. The group of which EL is part seem to be well networked and in the right field for the industries arising from the new technologies. Anyway, just my thoughts on how it looks as if there is a defined clear path ahead that resonates with the unfolding economic transitions (eg AI, data centres, clean energy, electrification etc.)

Brydo, i did not misread. I merely traced who the largest shareholder was...and it led to it being part of the Gupta Empire - gfg alliance.

TRBob, your post are also good...Thx for your time-always good to be pointed in the direction of people who taker the time to write/post/share balanced, knowledgeable, thoughtful comments. Much appreciated.