Member Info for Thorpedo

Announcement of a recommended cash offer by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd (“Sidara”) for John Wood Group PLC (“Wood” or the “Company”)

Recommended at 30p

Was always going to happen, without the Deloitte review they dont know what they are buying.

A figure could have been agreed, x if Deloitte reports this and y if Deloitte reports this.

They cant come to market with an offer until after the report.

Whilst being invested in stocks and shares for many years, I am new to this potential offer scenario.

Obviously there has been a lot of talk of 150+ offers and others saying going to 20s. I understand these as nonesence.

There seems a lot of new positions in the Company since the possible takeover announcement, so a lot ii are in at 40p and below. Surely a 60p offer would see most of them happy with a 50%+ gain in a very short period. Why would any offer be significantly higher than that or even be 60p?

Does make a difference though as to if board back any offer or not.

The thing I dont understand is the Shorts are sitting on a very tidy profit. Why havent they banked some of it? I know I would have in the early 50s.

The shorts (and the far to steep drop) are why I added more on the drop certain that it would rise on them cashing in.

Oh well it has risen regardless and should rise further when they eventually do.

These have been in my bottom draw now for over a year. What are the current views, should I come back in another year and see where we are?

Presume that it wouldnt have passed and therefore it was withdrawn.

rich156
My lowest buy in is 0.1358 on 30/10/20 the highest buy I have in my current holding is 2.6556 on 18/07/2018, I have an average of 0.8108.

That isnt strictly true as I have holding is other accounts but that is the one I have looked at tonight and cant be arsed to do the sums.

Sorry all

Sounded a bit patronising, if you are new to this share today your opinion is still as valid as mine who has been here a while. . . . but at least the longer you have been here then at least you can at least assess who is more trust worthy than others.

Swiss.tony
Steve Sanderson wasnt the CEO back in 2016 and if you invested here in 2016 then you would have had plenty of time to get out at 10+bag.

I have been here throughout those times, those who have been here will know.

I did believe in UKOG got a few out at the right time but no where near enough. (sold some at 8p) but also bought some after at 2.4p.

Still believe in UKOG, just didnt expect that Turkey would save us (Christmas Jokes incoming) but I do now.

BTW Hi Penguins see you are still active on these boards. He/she should always be listened to to stop you following the hype. Definitely not saying believe what they say but always good to listen to an educated nay sayer.

nhawan

Where is the pump. I cannot find anything to increase the price except buyers. I dont think many people will have followed them (to many have lost so much already) so these buyers will no be able to dump their share.

Penguins

I am not part of the consensus which believes the big money is selling and definitely not part of the consensus that it is little money soaking it up.

We know that there is one seller the placees and I dont believe that there is enough PI money here to soak it all up.

There hasnt been any TR1s to show that Tellurian or Canaccord are selling, there should have been TR1s if ever of them hasnt been buying. I think at least one of them will have been especially as Canaccord was efficient in issuing its first TR1

Payback rate is 515,625 barrels (1.65m * 1.25forex / $4)

So SS must be optimistic of getting a lot of oil out.

MattCarter
I agree only a fool would base their valuation on EWT recovery levels only problem is that fool made money on this share whereas this fool is sitting on losses.

Glad to see you keep popping back Seadoc

What about the placing shares - I think there is your seller.

Canaccord had to buy to stay above 5% so did they by enough to take them above 6% or not buy at all?

There is no way that all of the placing shares went to PIs so where did they go?

There is no way someone would take on a placing that big without having a buyer lined up for the majority of them. As it was only open to UK investors my initial thoughts are that the buyer lined up would have been Canaccord

StrollerB and Penguins
Correct it is 3 billion shares.
The authority was announced on 26 May and it was always going to be passed so if any shareholder didnt like it they had a chance to get out anytime between then and now.

It only gives the authority to issue more shares - it doesnt mean that they will issue them it could be any number between 0 and 3 billion

Also if they need more they will just pass a special resolution to get more.

There is no placing mentioned in the RNS, the company can if it wants. JUST LIKE ANY OTHER AIM SHARE. FFS

wizard125
I think that Tellurian would have forward sold part of the second and third tranche thus making a profit on them. They still increased their holdings each time so I believe that they are not selling at a loss.

Wizard125
Thanks
They still increased their shareholding in both number of shares and % of UKOG Owned in the period despite the selling.