Member Info for Wiggly

Sunday papers to leak bid price imo

If Sidara were significantly off from Wood Group's expected valuation, it would be less likely for talks to continue this long—unless both sides saw room for negotiation and a path to bridge that gap.

Two weeks of ongoing engagement suggests that there is at least enough common ground to keep the conversation going. If the valuation gap were insurmountable, Wood Group might have walked away already, or Sidara might have reconsidered its approach.

If talks were purely stalled on price and neither side saw movement, discussions probably would not have stayed active for two weeks. The engagement hints at ongoing efforts to find common ground, which is usually a good sign.

Sidara spent months reviewing the WG books. They returned immediately post 6 month freeze, thus I would be shocked if they do not follow through with a strong bid.

After 2 weeks of discussions, I think we can conclude that there is a potential deal to be struck. If Sidara was a long way from WG expectation I think talks would have ceased by now.

The shorts will also likely have longs.

All part of the process to achieve acceptable value (130++).

Push the due date on debt to 2027/28 and Sidara has to pay up.

230p only 6 months ago. Debt remains same, Ebita improved and drill baby drill market.

No chance of a bid under 100p

Any news, T6?

Agree, the sale will be forced but won't be for less than 100p.

Pis and rumours don't move this stock.

This is being moved by a real leak.

Just what we need!

Defensive from Worley? Sidara- wood would be a major threat

Offer details definitely known to some !

Leak imo

..

The losses might incentivise them to push for a higher price, or equally make them more likely to reject a deal below these averages.

It depends on how confident they are in the ability to turnaround

Big will be based on a multiple of 2025 F Ebita minus the debt.

As there is strategic value for Sidara, the multiple should be decent

Check out who owns Sidara. £££ no concern

We await the answer from poster named T61.

they seem to be in the know of something and have hinted multiple times to look beyond Sidara.

Bump.....

Down for me.

Suspect it'll be higher. Sidara don't want any other bidders.

The fact discussions have been on-going for some time is positive. If they had submitted a low ball take or leave it offer, we'd have heard by now