Member Info for Surin

Micky, i think you are right. But we can only assume sidara sees great synergies by bringing wood group into their collaboration of companies.

Island look at shareholder concentration- how much do the top 3 hold? Top 5? Top 10? The more distributed the holding the greated the difficulty in agreeing and driving a position. I think the wood group have high concentration...who would oppose? The bod (suicide), other shareholders (would require a lot of coordination/organization). Just my thoughts

Https://sidaracollaborative.com/projects/150-holborn

Just trying to get an idea of how sidara works/organizes. Seems there would be rationalization at wood group.

Lw, i appreciate your position...i think the large shareholders rather than bod/ceo will drive decision. The bod needs removal, and some fundamental change seems to be required. Change is not easy and there is friction, resistance, possibility of failure. I think sidara will eventually table an acceptable number. Sidara need the wood group, as far as i can see- they have gaps in their portfolio of companies, which wood fills. That, of course, is from a cursory reading of sidara group

Rob...no. when/if an offer is going to be made the sp will react before any announcement (leaks/manipulation)

Lw...interesting my reading of the 3 march ft article suggests refinancing could be problematic, hence i conclude that a deal with sidara is more likely...

Status. On ajbell corp action....no response required.

Micky the corporate action is not active.

This from ft on 3 march

Struggling oil services and engineering company Wood Group, which is a takeover target for Dubai-based Sidara, has tapped advisers to navigate parallel refinancing talks with its lenders as it battles with a heavy debt load.

The Scottish company is working with bankers at Rothschild & Co on the debt talks, said three people familiar with the matter, underscoring challenges faced by Wood, whose share price collapsed last month after a negative trading update.

Wood’s valuation dropped to less than £200mn two weeks ago — down from a peak above £5bn in the previous decade — as it continued to burn cash ahead of a planned $1.4bn refinancing by October 2026.

The shares have climbed in recent days after the Financial Times reported Sidara had returned with a fresh takeover approach after walking away from a deal to buy the company for £1.6bn last summer. The companies later confirmed the talks.

Wood had earlier failed to reach an agreement with private equity group Apollo, which tried to buy the company for about £2.2bn in 2023.

The talks to refinance the debt are running on a separate track to the takeover discussions, people familiar with the situation said.

Analysts have warned the steep fall in Wood’s share price had narrowed its refinancing options and made equity issuance more challenging.

Wood and Rothschild declined to comment.

Aberdeen-based Wood had been a rare homegrown multinational success story from the UK’s development of North Sea energy assets, leading it to partner with the likes of ExxonMobil and Chevron. Its market value peaked at £5.3bn in 2018, shortly after its takeover of engineering rival Amec Foster Wheeler.

But the company’s aggressive expansion towards the end of the previous decade left it laden with debt and shareholders nursing steep losses, prompting one industry veteran to say the business was in a “death spiral”.

Recommended

News in-depthWood Group

‘Slowly then suddenly’: Wood Group’s slide from North Sea champion to struggles with debt

Chief executive Ken Gilmartin said last month that he had laid out “a very clear route to positive free cash flow in 2026” but investors have remained sceptical about its strategy. The company also disclosed last month that a Deloitte review had uncovered “material” governance weaknesses in its projects division.

Wood employs more than 35,000 globally and has 4,500 staff in Aberdeen, making it one of the largest employers in the UK’s energy capital.

The company said it had an order book of $6.2bn at the end of 2024 and has announced plans to cut costs.

Aj bell also added wood group corporate action to my account yesterday. Dont know if it means anything. Todays announcement seems to be continuing, but slight trend towards moving from short to long positions. I am no expert in these matters...confirmation would be good

Goldman Sachs international/ reported as connected to sidara

26/02 sales 4,330,001 purchases 4,396,923 (+66,922)

27/02 sales 6,044,087 Purchases 2,356,271 (bal -3,687,816) reported as increasing long positions and opening/reducing small amt of short positions

28/02 sales 1,302,789 purchases 1,271,985 bal (neg) reported as reducing and increasing short position

3/03 1,772,845/1,741,851

4/03 1,140,084/1,144,995 report reducing short

So Boring. I dont think it tells much. But if somebody can see something great.

Form 8.5 (reported dates used)

Morgan Stanley Europe/capital services/international/llc

25/02 Sales 94,784, Purchases 94,784 Balance (sale minus purchase) 0

25/02 sales 8,972,652 Purchases 8,829,658 Bal (-142,994)

26/02 sales 233,669 Purchases 233,699 Bal (0)

26/02 sales 6,818,032 Purchases 5,948,006 (-870,026)

26/02 sales 423,699 Purchases 423,699 Bal (0)

27/02 sales 26,548 purchases 26,548 bal (0)

27/02 sales/purchases reported as n/a. cfd, reduced long position 1,217,268

27/02 sales 2,194,486 purchases 3,163,885 (+969,399)

28/02 sales 3,117 purchases 3,117 Bal (0)

28/02 sales 2,436,373 purchases 1,553,575 bal(-882,798) (also report increasing/reducing long/sort positions)

28/02 sales 142,012 purchases 142,012 Bal (0)

28//02 sales 76,939 purchases 76,939 Bal (0)

28/02 sales 88,461 purchases 88,461

28/02 sales 2,066,466 purchases 1,107,926 (-958,540) (also reporting increasing, mostly, long and reducing short positions

4/03 61,390/ 61,390

4/03 2,865,391/1,607,674 (increasing/reducing long/short positions

JP Morgan/JP morgan se/JP Morgan securities (corporate broker to wood group)

25/02 Sales 6,138,981 Purchases 4,151,937 Bal (-1,987,044)

25/02 Sales 138,220 Purchases 110,869 Bal (27,351)

26/02 sales 4,829,163 Purchases 3,121,286 Bal (-1,707,877)

26/02 sales 644,089 Purchases 479,719 Bal (-164,370)

26/02 sales 138,220 Purchase 138,220 bal (0)

27/02 sales 6,166,332 purchases 4,151,937 bal (-2,014,395)

27/02 sales 5,316,961 purchases 4,779,823 Bal (-537,138)

27/02 sales 16,607 purchases 25,010 (+8,403)

27/02 sales 4,993,533 purchases 3,121,286 bal (-1,872,247)

27/02 sales 644,089 purchases 644,089 bal (0)

28/02 sales 1,705,108 purchases 2,579,828 bal (+874,720) (includes decreasing/increasing long/short)

28/02 sales 103,957 purchases 100,377 bal (min)

3/03 sales 6,081,499 purchases 5,174,442 (-907,057) (opening and decreasing longs and shorts, equity swaps)

3/03 sales 46,370 purchases 31,117

3/03 5,613/5,613 (now obvious)

3/03 5,316,961/4,788,226 (slight increase of short/equity swap)

3/03 1,708,688/2,579,828 (reports increase short, equity swap, decrease swap etc)

3/03 138,220/138,220

3/03 103,957/103,957

3/03 25,010/25,010

3/03 644,089/644,089

4/04 3,155,138/2,489,162 report decreasing and increasing short and long positions

4/04 116,428/97,165

4/04 2,712/2,712

4/04 6,096,752/5,174,442 decreasing and opening long and short positions

4/04 46,370/46,370

HSBC GROUP (sidara connected)

26/02 sales 1,261,983 Purchases 1,207,943 bal (-54,040)

27/02 sales 543,351 purchase 503,351 (-40,000) {reported as reducing swap/short position}

28/02 sale 367,312 purchase 382,312 Bal (neg) reported as increasing 15,000 short position

3/03 241,661/237,423

Goldman Sachs international/ reported as connected to sidara

26/02 sales 4,330,001 purchases 4,396,923 (+66,922)

27/02 sales 6,044,087 Purchases 2,356,271

I will now only report if I see any significant change. I think we have a list of shareholders with more than 1% holding

Top Holders

Fidelity 10.88

Blackrock 6.5

Ninety one 6026

Scroders 5.247

Vanguard group 5.16

top 5 hold 34% of company

NO CHANGE

Tuesday 4/03 compliled 16.47 NO SIGNIFICANT CHANGE*

Shareholdings reported on form 8.3 since Mon 3/4

Holding on Fri 28/02 Mon 3/03 Tuesday4/04

Vanguard Group controls 5.16% 5 5.16% (0) 5

Marathon Asset Management 4.06% 6 4.04% (-0.02%) 4.04% (sold 5,490 shares)

Goldman Sachs 3.23% 9 2.81% (-0.42%

Blackrock 5.37% 3 6.5% (+1.13%) 2 6.5% (sold 6,801 shares)

Legal and General 1.96% 12

State Street 1.418% 13

Societe. Gen 3.24% 8

Mondrian 0.94% 14

Ninety One UK 6.26% 2 3

Schroders 5.247% 4 4

FMR LLC FIL Limited 10.88% 1 1

Border to Coast Pensions Pert. 2.76% 11

Abrd 3.8% 7 3.63% (-0.17%)

M Pasrtners/Ali John Mirshekari 3.21% 10

DimensionalFund Adv 3.08% (First Report)

Tot approx. 57.35% 61.135%

*Barclays report again on Form 8.3…mostly derivatives steady about 5.16%

Would two days finish above 40p be indicative of movement into new trading range?

If...I had a £6bn order book and needed a bit of funding to tide me over, I dont think I would have a problem. It may be difficult if I had a bad credit history, or there was a likelihood of default.

I dont like people losing or missing out. So those that think there are major problems and the sp is going to tank because of shorting or a heavily discounted placing. I did some research for your benefit, but cannot advise.

Best CFD brokers in the UK in 2025

https://brokerchooser.com/best-brokers/best-cfd-brokers/united-kingdom

I suggest all those advising sp is going down should be referred to one like the following sites for leveraged trades.

https://www.ig.com/uk/cfd-trading/what-is-cfd-trading-how-does-it-work#:~:text=Leverage%20in%20CFD%20trading%20enables,full%20value%20of%20the%20trade.

Https://www.ig.com/uk/cfd-trading/what-is-cfd-trading-how-does-it-work#:~:text=Leverage%20in%20CFD%20trading%20enables,full%20value%20of%20the%20trade.

Repeat, I never said anything about Goldman Sachs short...what i did suggest there is a place where you can make a bundle if you think the sp is too high.

https://www.ig.com/uk/cfd-trading/what-is-cfd-trading-how-does-it-work#:~:text=Leverage%20in%20CFD%20trading%20enables,full%20value%20of%20the%20trade.

Sharebel easy money! https://www.ig.com/uk/cfd-trading/what-is-cfd-trading-how-does-it-work#:~:text=Leverage%20in%20CFD%20trading%20enables,full%20value%20of%20the%20trade.