Member Info for wharris63

What exactly are the FCA going to investigate?

It's alrwady been done - Deloitte are highly respected and conducted a very thorough 8 month review.

Sounds like they aren't walking then

You seriously think this is news to Sidara?

The Deloitte review was announced NINE months ago and there was always going to be repercussions.

Definite sabotage from the FCA

AJB are useless. Been through loads of rights issues/consolidations with them and they always mess it up and take forever to do it. Make sure you check their work.

I noticed the FX fee yesterday as well which has now been removed. Im also showing approx 50% loss and think it's because they've priced the shares at 3.16 AUD not GBP. Standard stuff with AJB.

p s. Just had another look and it's now changed to GBP so no loss.

Short squeeze coming....

Plenty of other assets. Could raise more than the Sidara offer and keep the core business. With a new management team this company could fly.

Gotta hold your nerve. I'm still adding and the 100,000 buys keep going through.

Could be Sidara Mike - their low ball offer suddenly looks amazing and far more likely to be accepted. Can't wait for suspension. This circus has gone on long enough.

It's still a fantastic company and not the basket case people believe. Mistakes have been made in the past but not many companies can do what Wood do. That's why Sidara want it.

Being heavily manipulated again by the MMs.

Buy volume heavily outweighing sell with lots of chunky 50,000 & 100,000 buys but the price keeps dropping 🤔

Sid should of wrapped this up quicker. It was the bargain of the century but they left the door open.

Best not to look at the history of big companies Jen...especially German ones although IBM and many others also had links to the Nazis and slavery.

Business is a dirty game - I have built and sold numerous companies and witnessed bribery/corruption many times.

Fortunately I sold a company to one of the biggest law firms in the UK and retired at 45 - it was a tortuous and drawn out negotiation (like Wood) but luckily the earn outs etc were honoured.

I have 20k in Wood which is only 1.5% of my portfolio but it is more stressful than all my other investments combined...that's why I'm replying to you at 1.30am!

Hopefully the deal gets done but I'm 50-50 now.

Trying to screw the price down even further would not go down well.

There are a lot of unhappy employees who have lost a lot of money in the share scheme.

Sidara need to build bridges with the workforce not rub salt in the wounds.

That's why people are selling.

The stakes seem much higher now - this looks more like a rescue than a bid.

If more skeletons are found then we are in trouble.

I think Sidara really want Wood though (as a going concern with reputation and staff still intact) and have done all the necessary due diligence by now.

In truth they have played a great hand and are getting an absolute bargain...they probably can't believe their luck!

The communication from Wood has been apalling it's almost as if they helped to drive the price down with consistently negative updates.

Share price has been heavily manipulated throughout (and still is - to frame the deal as a good price) but I think it will get done at 35p.

And you think the IIs haven't been consulted?

PIs bailing out because they fear suspension but the deal is done.

Some embarrassing posts on here.

Firstly Sidara is a private company so it doesn't need to seek shareholder approval.

Secondly Sidara have been doing DD for years now so they know the company and it's accounts inside out...that's why they made the approach in full knowledge of the Deloitte Audit.

These findings are not a surprise to them and that's why they haven't walked away.

Another 14 hours of LO saying the same thing over and over.

£1bn debt is chicken change BTW...it turns over £6bn!

14 hours now LO...time for bed?.