Member Info for sworaf

Goldman Sachs are betting the price goes down but big banks often hedge (balance their bets), so it’s not always straightforward. Didn’t realise you could short a stock that wasn’t currently trading. Every day is a school day…

In simple terms: Goldman Sachs is betting on the stock price of John Wood Group (because of Sidara’s takeover bid). They have to tell everyone what they’re doing to keep things transparent.

Due to start at 2pm today.

Give it a rest PJ for Gawd's sake.

“Sidara’s continued interest must mean it is focused on the underlying value in what is, after all, a big global business with a long-established record that has clearly lost its way.”

Current exchange rate is 1.2909 $ to £. Therefore, tonight’s NYSE closing price for WG is equivalent to 29.91 pence. Nice to see it didn’t drop further across the pond. In fact, based on the above, up around 6%. Let’s ‘hope’ it bodes well for tomorrow.

Provide a satisfactory response to Disclosure Notices issued under clauses 62 to 68 of the Company’s Bylaws? I missed this; when did they (CTAG) ask for this and what is the procedure? Like most here; not expecting anything to come out of this but you never know…

I have a decent holding of 109000 shares split almost 50/50 between my isa and share dealing account with HL. I have put in a sell order for £2.50 a share this morning for 90 days. It can be cancelled at a click of a button.

On its own, it is a drop in the ocean but, if you a LT and believe that a takeover is on the horizon then it’s a good way to ensure OUR shares are not being shorted. Why make life easy for the shorters? If they’ve called it right - good luck to them they will make decent money. However, if they’ve called it wrong then they should stand a large loss.

Good luck LTH’s, let’s see where we are after news (either way) drops.

If that figure was correct it would have ‘blown the doors off’.

Sausage fingers. Subject line should read Same trend

Price has risen during the morning the past 3 days and dropped each afternoon. Each day ending a little leas than the previous days closing price. Looks like it is heading for something similar today unless something unexpected happens this PM.

Misleading subject line…

Shareholding under 3%: In the UK, a shareholder is not required to publicly disclose their stake if it is below 3%. This is in accordance with the Financial Conduct Authority (FCA) rules concerning significant shareholdings.

Requirement upon planning a formal bid: If a bidder plans to make a formal takeover bid, they must disclose their holding in the target company, even if that holding is less than 3%. This is indeed a provision under the UK Takeover Code, which is overseen by the UK Takeover Panel.

Duck could be lining up….

Don’t have a stake here at the moment. Been reading the posts over the last few days. Thought i’d check to see what it is trading at on the nasdaq. Currently US 0.3803 which is £0.3017. Still a few hours to go there so they may trim it a touch to bring it in line with our closing price of 0.2910. We’ll see…

Unbelievable just how little volume there is with this share. Been looking in for a while with a view to buying a modest amount but, it's been a steady decline for the past few weeks and a massive decline if you go back a little further. When will the tide turn; will it turn......?

The trade time for those trades was mid-morning yesterday - delayed reporting.

Great news this morning. The timing of my 50% sell yesterday could not have been more badly timed. Well done LTHs - onwards and upwards from here.

That should have read ‘(59,866)’ - I am still in shock at my madness and may well come to regret it. Infact regretting it already, but something doesn’t feel quite right here. I hope I am wrong for the sake of my remaining substantial holding.

Sold half of my shares (58,866) at a touch over 41p. Can’t watch the slide any longer. Still got 60,000 in case the ‘holy’ RNS drops tomorrow. Wasn’t expecting to offload anywhere near this price. Good luck all LTH and newbies alike.

"It is doing what it is designed to do" - Christina Coughlin (c.22 minutes into presentation).

That will do for me!