Member Info for Surin

Vulcan...a lot depends on how the II's respond...hopefully they wont`spaff' pension investments to enrich Emirates...they might...but what does that tell you...

Wood BOD, KG et al knew what was happening in projects unit...they did not expect for it to blow up in their faces...now they look for a `face saving' exit...Sidara are still offering $450m and 35p a share for covering Managerial incompetence/debacle at the Wood Group.

Kando, that makes sense...but institutions are not all heading for exit...lets see what tomorrow brings...I wonder who is buying

Anybody think Sidara and Shorting hedgies are in cahoots...well why not...

Time, not haste, is needed here ....All will unfold during suspension after 30th April...much more road ahead.

Kando, you say "If lenders are willing to work with Wood, why would the board and its financial advisors be recommending a sale then?"

Who knows if II's think Wood Board and its financial advisors are serving the II's bst interests...they have their own experts and risk analysts

Really...insider banks dont behave like that...but I agree issues of trust have arisen, and they seem to lead from Projects unit to CEO...something needs to change...banks or senior management at wood.

Kando, you have just admitted that nothing is known

Kando relational banks work with their clients to see them through their ups and downs...

If the II's accept a major loss at the hands of the Wood Board, and senior people in Projects unit, they will be impacting western pensions...Be careful about what this saga tells you, and your future wealth in broken britain (cant bring myself to use a capital!)

Kando, you put a lot of faith in the rationality of a board that has clearly failed to see the the problems its CEO was hiding/stoking up. I believe these people are mostly incompetent and useless ...I trust the experts...the engineers of Wood that deliver solutions...

Kando you said `lenders will be demanding backpay ' do you know this, and how does this relate to relational banking...the US loans are the ones that concern me...

Wily, that is just intended to demean...

Correction... regarding...

Ice, regarging your last post...if you are right then other bidders will emerge...

Enough from me...Have conveyed what I think. Best wishes to all...be kind...

Thorn, look at Woods pronouncements about relationship/relational banking... lets see if that means anything.

Daz, if debt holders could pull the plug, would you negotiate any substantial order. Lets see what happens. Hopefully the major II's can arrange necessary re-financing

Thorn, I think an order book is an order book...

Keep up to date noggers. I came back from renovating a cottage and tried to catch up...its intriguing