Wood Group (john) Share Discussion Threads

[dipa11] 05/4/2023 09:22

If board of directors rejected the bid for 2.37 gbp than 2.40 gbp is useless bid from apollo. As this is final proposal board may take further action to speak to stakeholders before rejecting If Wood group price undervalued than it is not harmful to rejecting. But they have to give some kind of confirmation for the rejection Good luck

[kibes] 04/4/2023 23:07

It's the best price they are going to get and a hell of a lot more than the 160p it will drop back to if rejected. It's a no brainer for shareholders in my opinion and the Board will not go against the majority.

[ayl30] 04/4/2023 20:45

As much as I think it's a low offer surely the board has to accept or they know price will drop back, probably to 160p which would be 30% off the 240p offer price.Think Appolo have played this well, just wish they had started at 340p !

[pogue] 04/4/2023 17:25

Latest RNS not a rejection going to think about it.....it's the right ballpark

[sundance13] 04/4/2023 16:22

I've sold as can't see board accepting it on back of a 3p increase only. Expecting confirmation possibly tomorrow and price to drop back to 150-170p range following this. May well buy back in when that happens.

[brucethegoldfish] 04/4/2023 16:14

Wonder if we will hear official BoD position today after close

[pogue] 04/4/2023 16:07

Doesnt mean they wont though. Extending the deadline and saying they were inclined to reject etc hinted they were close with the last bid.
Lets see, win win really. If it goes we get out of this company and can put the money elsewhere, if we lose eventually it will climb back up as the good ole 7 year oil cycle is just beginning by the look of it

[dealy] 04/4/2023 16:05

can Apollo go hostile ?

[brucethegoldfish] 04/4/2023 15:58

Market doesn’t think 240p will be enough for BoD to recommend offer.

[dealy] 04/4/2023 15:55

why such a big discount to the 240p bid?

[sundance13] 04/4/2023 15:48

Or they got fed up with the Board and have given them a take it or leave it offer. Board now accept low ball offer at 240, or face price dropping back 20% if they reject the offer.

[pogue] 04/4/2023 15:37

I think 240p was what the board wanted. WG indicated Apollo they were close last time so surely Apollo read the room correctly and put in the 240p knowing that was what would be expected.

[chutes01] 04/4/2023 15:36

tell them to walk, if board accept 240p then they have been bought off.

[inv] 04/4/2023 15:16

nor enough. Another bid from elsewhere at 275p coming

[sundance13] 04/4/2023 15:15

240p - challenging board to accept final offer or they walk away. Price dip suggests initial view of market is Board won't accept, but let's see.

[brucethegoldfish] 04/4/2023 15:12

Seems we now have confirmation in any case - 240p

[pogue] 04/4/2023 14:59

bruce
why do you think they will raise the price that far when all they have done before is a few pence? WG also seemed to be close to agreeing at 237p judging from the wording of the RNS why would Apollo goto 270 or higher?

[sundance13] 04/4/2023 14:58

No chance it'll be 300p, slightly improved sounds like less than 10p above previous offer to me so 245p roughly perhaps?

[brucethegoldfish] 04/4/2023 14:54

So you back in now chutes01 - make your mind up!

Think will be more like in range of 270-280p

[hamhamham1] 04/4/2023 14:52

Is that why the jump?

[chutes01] 04/4/2023 14:25

Apollo back, needs to be over 300p

[pogue] 04/4/2023 10:53

Lot of chunky contracts landing in the contracting industry just now. KBR and Siapem both announcing, mostly, FEED wins and not just the Middle East which was dominating the contract wins recently. WG will be getting their fair share too I imagine so may get a RNS in the near future with a bit of luck. The fact these are FEEDs mean this is the start of a big market upturn as the much larger detailed design contracts will follow next year.

[pogue] 02/4/2023 20:54

What happened to the WP bid? I was told here that it was nailed on for after the results? We hoping for another mystery bidder to appear now?
I will stick with my prediction that Apollo are the only bidder and will get this for a few pence more than £2.37 previously bid.