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Wood group 2023 revenue around $6 billion, up 9% with good growth across all business units from wood group web pages via google search

Sidara turnover US$2.8bn in 2023. I think wood turnover was almost double...mostly different sectors thus mostly different client base. Sidara would acquire a large orderbook, a company with established relationships with top energy companies in the world etc. etc. how much is the wood group worth to them?

Https://sidaracollaborative.com/expertise/sectors

For those that have not looked sidara up, please have a look and provide thoughts on what role/contribution acquisition of WG would have for sidara...ie why might sidara fing wg attractive? To me sidara is trying to swallow a big fish...but they seem very ambitious.

Russa i dont think sidara would want to waste time and money. The last bid cost something like $10m, i read somewhere...others will have a more accurate figure

Gulf oil exporters are closely watching global demand and price movements. Both Saudi Arabia and the UAE find their direct trade with the U.S. only modestly affected—each was hit with a ten percent US tariff on goods, but energy exports like crude oil are exempt. The bigger concern is indirect. Fears of a trade war-fueled recession have already driven oil prices down;

Enter text on google for source

No tarrifs on mea

There are plenty of opportunities in mea, usa, asia, australia etc...sidara gets an off the shelf going concern industry leader in an area where sidara are relatively small (sidara are quite diversified)...it would be their jewel in the crown. I dont think they will walk, they might never get the opportunity again.

A bit old, feb 24...but to me seems a fair reviews of wg https://ukinvestormagazine.co.uk/is-it-time-to-buy-wood-group-shares/

As to breach of covenants, i though the source of financing were source from a relational model of banking

Kat....Wood PLC, formerly known as John Wood Group, is a global engineering and consulting company with a significant presence in North America, including both the US and Canada, focusing on energy and materials markets, with a recent focus on decarbonization and digital solutions. That from ai on google. I imagine the big issue for the wood group could be reduced economic activity, but if its all 'steam' ahead woods presence would pay dividends. Further, economic activity is not going to end. The most sought after firms connected to the largest firms ought to ride the turbulence...but hey...who knows

If the institutional shareholders rebuff Sidara, i assume with their clout they will have enabled any necessary finance to secure their investment. If so we would be in a win/win situation.

For Sidara, who have been coveting Wood, the circumstances could not have worked out better for them.

Jenashon, all good. The only thing I am uncomfortable with is the price...the price may be/will be the make or break issue.

Jenashon, thanks for sharing your knowledge...very enlightening. Good to see from Sidara perspective...

Jenashon interesting. Futher, your are implying Sidara have $1bn to play with. I wonder what the max cash offer Sidara has/had in mind? I assume WG debt has not exponentially increased from Sidaras last bids.

£1.6bn? I dont quote figures, its out of PI hands. We dont know what Sidara would be willing to pay, nor what the institutional investors would be willing to accept. Of course Sidara could offer `sweetners' to the institutional investors (I dont know what they could be given WG and investors are public companies and Sidara is privately owned.)

I feel the sp/market cap argument is less significant than what WG may be `worth' to Sidara. I dont have a clue about this, I only know Sidara have been looking for sometime and came again at the earliest opportunity. Their interest is clear. How much would Sidara pay, really depends on the financial health of WG; their contracts; HR capability remaining/residing in WG; whether the turnround strategy is making positive progress; the value Sidara place on each of the respective units of WG. So much we dont know that is important for the price Sidara would be willing to pay (if any).

Need the expanded brics with MEA area to lead the way out of the impending contractions driven by trumps tarrifs.

China 34% retaliatory tarrifs, further curbs on export of rare earth materials...how exciting....

I dont think sidara will be losing sleep over the extension. The issue is what are Sidara willing to offer, and what are ii's willing to accept. The issue of timing may alter the balance of power in the negotiations. All will pass in due course, and calm will return

I really do not think official release of audited accounts is significant- all possible gremlins have been announced. They were expected/unsurprising for a profession bureaucracy, but what was positive was that the problems were confined to one division. I think the Projects division may think they are the drivers, and thus feel they can exercise power over, not only the accounts function but over the rest of the organization. Hence the identification of systems, structure and culture change. Nevertheless, accounts are historical, past adjustments may affect balance sheet, they will not affect profit and loss account. Further there have been changes taking place, legacy costs have been/are being addressed, orders have been expanding, there is a small shortfall in cashflow...etc etc...so its a company in need of mostly transactional changes, some transformational change in one division (and possibly the leadership, although I think this is too simplistic). In the meantime, Sidara has a great opportunity advanced by Trumps Tarrifs, and possibility of global recession). Just my evolving thinking.