Member Info for Surin

Let it unfold.....

Afraid not, but I dont think it has changed much...some new instis have declared from my last posting. Nobody is selling out as far as I can see...instis seems quite calm and settled.

Somebody suggested my post were driven because I had over overextended. Well if a $6.5bn order book with 35,000 staff across 60 countries having contacts with the biggest and best suggests I have over extended I disagree.

Raise your head!

We all agree the Wood Group is a necessary resource...its now available on the cheap...surely the issue is...how cheap....

The known is all that can be described with validation. We can hypothesize, rationalize, think we are are clever. Did that ever get us closer to enlightenment, or even predicting beyond our noses!

Modals will often be seen in sentences that are predicting a future possibility, describing an ability, giving advice, making requests, or asking for permission. The nine most common modals are can, could, shall, should, will, would, may, might, and must.

https://www.sjsu.edu/writingcenter/docs/handouts/Modal%20Verbs.pdf

SP is gradually rising, there are no wild swings, no major increase/decrease in shorts - nor major increase/decrease institutional shareholding. Lets hope the changes to the manner of costing is addressing the historically abysmal profitability/free cash flow. From my very amateurish research; Professional service organisations should return a margin of 10-30%. 10% on the order book will do ...lets see the results...Obviously, Sidara has a good idea of what is possible...we are minions

Been on my hl account since late feb

I have no crystal ball...may it all work out...best wishes. To me the market cap seems low... i would expect at least a net 10- 20% margin on sales for a professional services firm...if wood mgt cannot turn a profit on 6bn sales, i am sure somebody else could

Could people just stick to the known, or plausibly anticipated (then provide the courtesy to explain yourself).

The four quadrants of the Rumsfeld Matrix

Known knowns: 1. Sidara are in talks again to buy out the Wood Group. 2. The talks are continuing. 3. No significant exodus from institutional shareholders since potential bid announced 4. Blackrock increased their holding by almost 50% since the bid. Fidelity reduced by almost 10% 5. No major increase in shorts 6. In Refinancing talks 7 Predicted negative cash-flow 8. Change of Project costing methods 9. New contacts with blue chip majors 10. Large order book 11. Seen as `world class' engineers 12 35,000 staff (many of which engineers in a staff shortage area) 12. Deloitte review indicating poor financial systems/culture 13. Staff bonuses etc impacted, morale issues raised

Known unknowns: 1. Synergies between Sidara and Wood Group 2. change in contract approach, but impact unknown 3. Definitive report from Deloitte (a primarily accountancy focused business consultant) indicating degree of systms and culture change required

Unknown knowns: 1. The scope, depth, frequency and intensity of network interactions between Wood Group and Sidara 2. Potential increases to order book, forward payments 2. Value (and sale progress of) of liquid assets

Unknown unknowns: 1. The size of bid, or if it will be acceptable. 2. Other interested parties 3. The depth of the issues the Wood group faces

The four quadrants of the Rumsfeld Matrix

Known knowns: 1. Sidara are in talks again to buy out the Wood Group. 2. The talks are continuing. 3. No significant exodus from institutional shareholders since potential bid announced 4. Blackrock increased their holding by almost 50% since the bid. Fidelity reduced by almost 10% 5. No major increase in shorts

Known unknowns: 1. Synergies between Sidara and Wood Group

Unknown knowns: 1. The scope, depth, frequency and intensity of network interactions between Wood Group and Sidara

Unknown unknowns: 1. The size of bid, or if it will be acceptable. 2. Other interested parties

Marshal wace 2.04 2.04 (no change)

DE Shaw 0.62 1.28 (+0.66)

Systemica 1.35 0.45 (-0.90

Walleye 0.51 0.97 (+0.46)

Cubist Sys. 0.53 0.50 (-0.03)

Cube Res. Tech 0.10 0.51 (+0.41) [was 2.15% on 17th Dec)

Unknown unknowns: 1. The size of bid, or if it will be acceptable. 2. Other interested parties

You dont hear much from me. Just thought it would be better to have a structured analysis...mate

The four quadrants of the Rumsfeld Matrix

Known knowns: 1. Sidara are in talks again to buy out the Wood Group. 2. The talks are continuing. 3. No significan exodus from institutional shareholders since potential bid announced

Known unknowns: 1. Synergies between Sidara and Wood Group

Unknown knowns: 1. The scope, depth, frequency and intensity of network interactions between Wood Group and Sidara

Unknown unknowns: 1. The size of bid, or if it will be acceptable. 2. Other interested parties

The four quadrants of the Rumsfeld Matrix

Known knowns: 1. Sidara are in talks again to buy out the Wood Group. 2. The talks are continuing. 3. No significan exodus from institutional shareholders since potential bid announced

Known unknowns: 1. Synergies between Sidara and Wood Group

Unknown knowns: .

Unknown unknowns: 1. The size of bid, or if it will be acceptable. 2. Other interested parties

We should stick to what we know, what we suspect but need more info on, and revelatory insights that may reshape our thinking/understanding. The rest is noise

The four quadrants of the Rumsfeld Matrix

Known knowns: These are facts or variables that we're aware of and understand. They form the basis of our knowledge and provide a solid foundation for decision making.

Known unknowns: These are factors we know exist, but don't fully understand. They represent gaps in our knowledge that we must address through research, investigation, or consultation with experts.

Unknown knowns: These are elements that we don't realize we know. They're typically buried in our subconscious, overlooked, or dismissed as irrelevant. Uncovering these insights can lead to surprising breakthroughs in decision making.

Unknown unknowns: These are factors that we're not aware of and can't predict. They represent the most significant source of uncertainty and risk, as they can catch us off guard and derail our plans.

https://www.theuncertaintyproject.org/tools/rumsfeld-matrix

Form 8.3 notifications do not point to institutional exit. If anything Blackrocks increased holding intimate institutional `voice'

Med, apologies...you are right...I am far too focused on which institutions are in/decreasing. The decisions will be made/ strongly influenced by the major shareholders.