Management at Wood are very focused on making money for themselves I cant see them trying to get the company sold as they will get fired. Unless it really is a basket case and they just want the payoff in which case are Sidara that stupid? |
Sidara surely won't bid while WG are redoing their accounts for the last few years due to some sort of error that they are not telling anyone about. That review will be done in April I think. |
Thank you Cinoib for pointing out an obvious typo, and for your repetitive comments about your disgruntlement over the spread. Surely your time and efforts would be better spent on other things. |
Mattjos, is a very long time since it was $1900 think you mean $2,900 |
thanx to all for your continued support of this thread,,, I wish you all a fine weekend, Cheers Wan :-) |
Rb - next time, shout louder 🤣 |
RB
down this neck of the woods my builder mate is struggling to keep the lads working. He is back soon from Ireland will have him round for a glass to see if its improved but last I saw him was Dec and I immediately got him to send round a couple of his workers round to do some work. |
Pogue he may be right both cases, I know there’s not the labour out there; can’t get it easily myself.
Bumpa it looked dire, the debt looked terrible and the noise to put it right weak; just wish I had chance to act on it but been in and around London today, so no time to watch screens. |
Paul reckons the balance sheets look good. He is big on his numbers Paul. The way to play it however maybe to watch the housebuilders and buy the secondary companies builders merchants etc when the builders firmly turn. |
house builders are an interesting one, the guy I speak to regularly from one of the mid-size listed property/builders still thinks the sector is shot, mentioned one or two may have a few skeletons in the closet - think Grenfell - not an area I’m big up on, but he called it right when speaking a few years back… |
I guess the fact they are losing money when the market is hot for EPCs to win work is not making people think they can cover their debts when they refinance next year and this is a highly cyclic industry so bad times are coming. That must be the step change in thinking. |
Bumpa
The weekly chat is done if you want to listen to Paul Scott on his views on WG for a minute he talks about WG at the end
1 hr 08min 45sec
RB
Interesting he thinks housebuilders are right time to buy. 9.45 min |
I am listening just now to Paul Scott doing his weekly broadcast and he says WG is uninvestable says the balance sheet is a disaster. Had this view before today he says. Way too much debt. Intersting view as others were trying to buy it last year at multiples of this level and I assume they saw the books. |
Pogue - I assume it’s debt that’s killing it? |
lol just posted similar on the wrong board that is a hell of a drop! There is a bounce coming there at some point surely. |
wrong board |
Bought FRG back at 5.3, was no offer, well bid…. |
Let's see how AAZ preforms next week.
GLA holders. |
Had some more today. Very happy to have this further opportunity. |
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