Member Info for Wiggly

Why would the major holders give up 100% of ownership/control for 35p per share, when they could inject $450m at 35p and retain 100% control?

Interesting day ahead.

Someone is buying everything available

Leak imo

🚀 🚀 🚀

Rns leaked

Insiders buying. .rns tomorrow?

Movement

...

Firming now. So much for the panic.

Feel confident that 17p is ROCK BOTTON!

That is rubbish. The issue with the accounts relates to only a select number of contracts within the projects division.

Rock

If waivers were not to be extended, WG would raise cash via equity to satisfy requirements.

As stated in their last update, raising cash via equity is not preferred, and Sidara and Wood are BOTH actively engaged with lenders on the waiver extension, with a plan to modify the debt and add liquidity ($250 million).

Sidara is still engaged; otherwise, it would have been RNS. (Zero chance they walk away at this stage, so close to securing WG for peanuts.)

An issue with the waiver extension would also be market-sensitive and would be immediately RNS.

Looks positive.

PE can easily restructure the debt, so I'd be amazed if they do not make a play.

I assume interested bidders would await suspension before making their interest public.

I'd be amazed if there weren't other candidates interested in WG.

It's entirely possible we enter suspension and exit significantly higher than 35p.

Would love for a new bidder to emerge

Very strong

The market is offering an evens bet with actual odds of 1-5 IMO

For any new buyers, buying Wood Group at 17p offers a rare opportunity.

Either Sidara acquires the company near 35p, nearly doubling your investment, or, worst case, Wood completes a rights issue (let's say around 10–14p), recapitalizes, and strengthens its position for future growth.

With a market cap of just £117 million today, the downside is largely priced in. If the company recovers and capitalizes on its large project backlog, the share price could rise well beyond 17p.

Unfortunately, long-term holders with very high averages are in trouble, but it looks quite compelling for new buyers.

Thoughts?

As the largest shareholder it would make sense.

Ian wood has a net worth of £2B and likely has many close friends, colleagues, and ex colleagues connected to Wood.

He could step in and save the day.