Member Info for Thedetector

Hi.

I am long on BP with a 400p entry point and a target price of 500p and relatively happy with results. I have a concern with the BP debt pile .

A question I have is in the unlikely event that the board of BP proposed that for financial stability long term , the move would be to either cut the divi for an extended period or cancelled for a shorter period ,with a third option of rejection of any cut.

I have never experienced a precedent for such a vote.

My vote would be for an extended term cut. What do other BP investors think on this.

Regards.

Icey the goldfish brain has shot his own foot off with his dumb move 12.06pm post.He is only arguing for the sake of it.

Icey flips like a fish out of water and changes direction more times than the weather vane on our local school.

I'm away now , having a busy day.Icey the goldfish will be here all day attacking intelligent posters just for the sake of it ,it is his past time and a loser fraud.

Icey will be ranting to himself at bedtime when all are asleep as he has done forever past.When this saga is over Icey will move on to a new target, hope for crikes sake it isn't one of my holdings.

Regards.

This comment by Icey the goldfish brain has just proved how dumb he is and clearly does not understand the complexity of the Sidara bid.

Rest my case.

Thedetector

Probably the best in the world.

Way ,way better than the silly goldfish.

Quite a few are commenting that the Sid bid of 30p is not justified does not ring their bell,and are saying that another bidder could bid 45,50,or even up to 70p.

Some have commented that the bid is only worth around or less than recent quoted disposals.

They have failed to consider the added 450million that Sidara is injecting into Wood Group to aid ongoing costs and realise the order book.

Is it really 30p?

I think not.

What do you think.

Thedetector.

Probably he best there is.

Further ,

a white knight bidder or a sweetener from El Sid to get the deal over the line cannot be ruled out.

Regards.

Kando is a realist and correct. A companies order book can be big as Woods that is around 6.5billion. However can the structure of the business generate PROFITS from the order book that is a crucial Order books are only potential profits.

The view is that Sids bid which involves a necessary cash injection to realise the order book is the only course.PFC had good order book until they lost a big one which has now gone to an Asian business I believe.Wood group will not be vacuuming that one from PFC fallout.

The fact is we cannot see into the future. But only argue our thoughts.

Regards.

Hi Frogs,

Who knows why anyone buys a business that is struggling. The reasons are very complex,varying from changing course for a business. Different contacts at their disposal , something to add to a business.

I am sure that Sid has plenty of work to add to Wood to get it into profit maybe.A bolt on aquasition must be less investment than building something from scratch.

Businesses are sometimes taken over the broken up because have more value as separate entities than whole.Much as in simple terms a vehicle is worth more broken up and parts sold separately add more value.

Is there value somewhere in Wood group that Sid sees that others don't. They could hit below the belt and access intricate invested cash such as pension cash pile.

Who knows, but one thing is clear Sid wants Wood group and want it cheap as possible.

Regards.

Thedetector.

Ps.

Best of luck with your next move here.

You got one thing right Icey the goldfish,

calling me Champ.

But just maybe .

You Icey the goldfish brain always when replying to me just confirm that you are indeed a true fraud and amateur.

I am the true 100% compared to your poor number as all my numbers stated are investigated carefully before stating so as correct.

You don't say my stats are incorrect on Wood , you just can't handle the truth and negate others that don't follow your narrative just for a losers past time.

You state that I don't hold a position in this Wood Group saga because I don't have funds trapped in Wood at the moment.I have been in and out of around 25 companies on my watch list over a few years and made plenty .

You don't understand that on the sidelines with cash at hand is a position. It is a position that lots of successful investors implement constantly.

You hate my correct truth post because it blows your silly disposals theory out of the water.

You always seem to be wrong Icey.Are my stats on Wood wrong,pray tell.

Thedetector,holding his position.

Am I the best

Probably the best on the planet.

Far ,far better than you Icey the goldfish brain.

Wood group disposals in the last 10 years amount to circa $2.5 billion dollars.Which include the sale of its Built environmental consulting business for a huge figure of almost $2billion.

If these disposals had no significant positivity for now troubled Wood Group then recently disclosed disposals that are significantly smaller numbers cannot save Wood on its own.

Wood buying Amec Foster Wheeler for for 2.2billion was the catalyst for almost a total implosion of Wood Group,it was a truly dumb move.Amec was a sinking ship with horrendous legacy issues which has cost Wood severe pain.

Wood Group still owns Amec. I send a message to El Sid.

Good luck with that one,your gonna need it.

Thedetector.

The best.

Probably

Hi Ripley shares owned out of funds are more risky and will usually give higher returns due to dividends and any benefits if share price rises over time increasing the value of any holding. There are headwinds and risks attached though ,economic global or domestic instability and downturns.Also bad management and loss of profits may well lead to cuts or cancellation of dividends or even administration which would normally and usually common shareholders investments being totally wiped out, a bit scary for some.

Funds are actively managed by fund specialists who diversify their clients investments over various types of sectors reducing the risk of capital.Investors will get a portion of profits , investors hand over control to fund masters to diversify funds over many businesses thus having less control than picking ones own time and companies to buy shares in. Investors are unlikely to be wiped out.

Fund managers will charge fees , this has to be considered and not taken lightly. It is best to talk to someone who understands finances to find what suits you.

Someone at a bank you use will definitely help.

Regards.

Further still,

What sort of a British government all an Asian contractor to win and takeover a massive contract to build a humongous windfarm off our coast that taxpayers will have to fork out when the turbines are halted because of strong winds and nowhere to store excess power produced due to lack of storage facilities.

Dumb move.

Further,all this is a huge windfall structure in our own waters ,the North sea .Total shambles.

So much for Wood Group taking up the slack from Petrofac woes.There is a report that an Asian group has acquired the huge multi billion dollar Tenne T contract that was pulled from pfc that proved to be the end for private share holders.

Subreamarian Sarma will reap the benefits of the fallout.

I sense you are looking for an exit as many others will be having been tortured with this thousand lashes saga.You need to be ready and sharp at start of trading each day now because anything could occur at any time after the opening of trading.

I presume the FCA are in control of ending the suspension as Wood Group has now published delayed accounts.Wood group I further presume will have or soon will apply to FCA for commencement of trading.

FCA will grant WG their request when they are happy that the rules have been adhered to regarding Woods actions.

I would be ready from now because timelines can change in an instant.Get an early 7am coffee each morning and be brain sharp at all 8am starts.

Be laser focused and ready.I will be ready too.I am out at the moment and going to shoot from the hip and go on gut instinct with this one with an amount of investment that will not interrupt my precious sleep.

Best of luck to all.

Will I still be probably the best,only time will tell.

Thedetector

Maybe just the bravest of all.

Just maybe.

Quite right frogs Sid are still here.Results seemed to have not settled anything here and deffo opened a new bucket full of worms to discuss.

The results that have been produced are not catastrophic as was feared by many and expected by some.I myself was of a mind that the debt levels would have reached unmanageable levels without very serious restructure very damaging to shareholders.

Think of any business as a house of cards that there is lots of separate different components that hold the house up, as in contracts, debt control,global head winds, and of course the quality of the personnel in charge .

The big important cards are at the bottom decks ,the foundations.The house will stand a good number of low ranking cards being removed.

As in the case of Petrofac a huge value card in the form of a contract cancelled to the tune of billions in value has razed the house thus a catastrophe for common shareholders.

HY25 info is not great and not showing any future guidance on debt or bottom line which might prove to be problematic, but not a killer.

Wood has excellent contracts value but only if they are well negotiated and bring good profit income to pay down debt levels.

The house of Wood still stands s long as no one pulls a huge card. The hope is that El Sid doesn't pull one.

Best of luck.

Am I the best.

Just maybe.

Hi pidgin,

I assume that the shares will indeed continue trading tight up to the conclusion of the contract when trading will cease .

However the FCA has the power to suspend again if they smell a rat akin to false or misleading info,or maybe obfuscation of info.

Regards.

Just a friendly interrogation Birdman.Have you any designs on a strategy when Wood goes live. ( if )

Thedetector.

Good work Birdman, enjoy life.

Regards.

Thedetector.

Maybe be the best.

Someone has to be.

Could just be you.

Investors who are contemplating their move right now are not taking account of how it is when this all goes live.

Your brains will be spinning on multi thoughts on the effects of any decision buy or sell. It will be stressful.

My advice is it is worse to get wiped out than the feeling of " I could have made profit" .

The secret in successful investing is don't get wiped out. Stay in the game.

My Father who has taught me a lot about financials said to me

Be wise,be lucky.

Best of luck.