Member Info for YorkshireBlues

Stew,

Look at what happened during and after the last wars and economic crises to hit the region. If the war is a long, protracted one (which i dont believe it will be) then yes Sidara could walk away.

Our suitors = Sidara

* from the Middle East and whats happening there. If this continues for a long time the deal could be in jeopardy

Im surprised how little comment there has been in the last 2 days considering our suitors are

Watching, i do hope youre being sarcastic but something tells me youre not.

The fact that no-one else has made a firm offer yet even at 30p per share (just 15 months ago £2.30 per share was dismissed) tells you all you need to know about how precarious Woods financial position is currently at.

Stew, with all the respect in the world what planet are you living on? It wont even be close to 38p!

I expect accounts to be released tomorrow or the day after. They will (barring a miracle) be appalling. The BoD have already us this but tomorrow/Thu we'll find out just how appalling they are.

Total disposals of $275m so far this year and a projected loss of $150-200m. Not difficult to see why LTHs are getting a little excited. Lets see what happens but learly WG weren't expecting this latest sale ro generate this much cash.

I remember during the initial discussions with Sidara one of the early leaks had Gilmartin describing Sidara as a bunch of Delboy characters. I must admit that set my alarm bells ringing and contrary to my better judgement I still believed they'd make a decent offer.

Lets see what the accounts cough up but I fear 35p is the best we can hope for.

Stew, one thing I agree with you is regarding the accounts. If they're better than expected, then we're laughing, but sadly I think they'll be as bad as we are all fearing. Would love to be proven wrong.

Mcfail, yes it is but it also has the potential for massive upside.

The order book is now closer to $9bn.

Stew, with all due respect debt and the viability of paying that debt back is EXACTLY why we are in the mess we are.

Robert-00, since the house buying analogy has been used a number of times ill use it again to help you understand.

Its like someone buying your house from you and offering you a price of £100k but trying to sweeten the deal by offering to spend another £100k improving the house once you move out.

As others have said it all depends on the accounts and how terrible they are for other suitors to express an interest in WG. If the accounts are dire (which let's face it they're likely to be) we'll be lucky to get 35p. If they're better than expected then Apollo and others may throw their hats in. Lets hope its the latter because 35p is a steal.

Its clear lenders/suitors/investors are waiting to see how dire the accounts are before making any moves. Once they're published everything will become much clearer. If the damage is sustainable we may well see other interested parties.

The last 10 months invested in Wood has taught me to expect the worst.

If the accounts are better than expected then it certainly raises the prospects of a higher offer being proposed. Sadly, I think the chances of that happening are small.

But as yet these arent.