Member Info for Surin

Trumps tariffs are unravelling and exposing the administrations incompetence...see, for instance, Faisal Islam on Bbc news website for one analysis.

Think about how exit, voice and loyalty may influence the ongoing discussion between two engineering focused global players.

In the past you posted to imply i was possibly over extended and in anxiety...let me say i can suffer the loss and the gain...i am confident of significant gain...what about you

Correction ..not been a lot of institutional exit..

Clubbed fingers...hopefully comment ,'message' is clear...this message was delivered by clubbed fingers...we learn to adapt...

The II's have not significantly changed their position. There has NOT been a lot of main institutional investor despite incompetent/insider/very clever/very stupid etc. tr

Longfell, i dont know what will transpire- i believe Wood is highly undervalued...that is intriguing and also a cause of concern...thats the play...

Jen, you are a gem...thx from all..

Bv, I might be wrong, but I thought BOD could reject bid without taking it to a shareholder vote (of course if BOD rejected bid against majority share holders that would be an issue, and BOD would be under attack)

Banbury the extension will need to be approved by 5pm 17 April...are you suggesting an extension will only be granted to 30th April (when WG shares are non trade-able, pending update on historical accounting data)

No thanks...others will let me know if you have any profound insight

Banboy, why would the takeover panel get interested if the wood group wished to extend...is WG of national importance...like todays parliament recall ~:)

Banbury boy, I posted `if'...I think an extension is inevitable.

The Sidara investors are the ones vying for wood....they are the `private cash bid'

As far as I am aware Jen has been one of few posters adding ground/background information and knowledge on WG and Sidara. To me all looks good, but the bigger picture is being suffocated by the deplorables. I have filtered them- they add nothing but assert the unlikely probabilities- the, slowly declining, institutional shorters provide them succor . In the meantime the Majority II holders continue holding the substantial portion of the Wood Group. Am I missing something....

If sidara offered, and the board recommended, it would need to go to a vote...the board could reject, and no need for vote as far as I am aware...

I think Sidara deadline offer will be extended. I dont see Sidara Deadline, Trading suspension date as significant. More significant is addressing the issues in the limited contracts in one of four WG divisions, and then moving forward.

Surely it would be quite easy to argue for an extension due to the accounts restatement issue (even though I think Sidara would already have a very good idea of what will transpire)

If there was a big hole in WG accounts to an extent it puts the viability of WG at Jeopardy, I would expect Sidara would have walked and the institutions head for the exit. As it stands, Ice correctly points out maturity of a lot of debt is October 2026, some 18 months away. There has been no default on debt payments, and Wood is cash flow healthy. I would like them to start completing legacy payments and become profitable. Anybody have an idea when the inflection point might be? Finally thanks to Ice, Oxford, Jon, Long, Bearded and others who have posted with reasoned argument. They all agree the WG is undervalued, the extent is disputed, and some have different time frames. I consider WG (and one other) ia `safe bet' in these turbulent times. If a bid comes, I can buy back into the majors I sold significantly cheaper. If a bid does not transpire, then happy to have gotton WG at these prices; quite happy to hold in belief WG will stage a recovery that provides greater returns than elsewhere.

Rock, could you provide a source?

"Everything I have read and all the advice taken tells me they (FCA) can’t and won’t agree to it with the suspension"