European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Sidara - Wood Group – Audit, Amend, and Exit

Sidara / Wood Group – Audit Cleared, One Gate to Close

Sidara/Wood: Energy Engineering in Limbo, Value Beckons Amid Governance Fog

Running on Fumes: Wood Group’s Last Shot with Sidara

Crude Realities: Risk and Reward in the Wood Group Offer

Event-Driven

<ul>
<li>Sidara’s 30p/share offer, backed by $450m funding and debt extension, is the only viable path; yet “Exceptional Conditions” make this deal unusually binary despite board support.</li>
<li>The audit (clean FY24 balance sheet opinion by 31 Oct 2025) and A&amp;E by 31 Dec 2025 are non-waivable gates; clearing both crystallizes 30p, missing either drives automatic lapse.</li>
<li>Probability-Weighted target price stands at 24.9p; distressed entries retain compelling upside, but pre-existing holders rely heavily on successful completion. Break risk implies severe equity impairment if conditions fail.</li>
</ul>


Sidara’s 30p/share offer, backed by $450m funding and debt extension, is the only viable path; yet “Exceptional Conditions” make this deal unusually binary despite board support.
The audit (clean FY24 balance sheet opinion by 31 Oct 2025) and A&amp;E by 31 Dec 2025 are non-waivable gates; clearing both crystallizes 30p, missing either drives automatic lapse.
Probability-Weighted target price stands at 24.9p; distressed entries retain compelling upside, but pre-existing holders rely heavily on successful completion. Break risk implies severe equity impairment if conditions fail.


Carved in Wood: Sidara’s Firm Offer, but Fragile Conditions

John Wood

Carved in Wood: Sidara’s Firm Offer, but Fragile Conditions