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Watchstone Grp Share Discussion Threads
Showing 2826 to 2848 of 2850 messages
|SGH down 5% to 27.5c in Oz.|
|Another debt holder sells SGH debt at a big loss.
This is the THIRD debt holder to bail out.
|quite profound for you
|oh I hope so Lydnem
but unfortunately (for me as an SGH holder) I can't see them succeeding.|
|The bigger question now is, if they are successful, will they go for more|
|IS EK still balls deep in this sorry company?
I wonder if he's still expecting it to be £5 at year end, or ever.
The only winners in the escrow feud will be the lawyers fighting it out at £hundreds per hour for the next 5 years.|
|Let's get Tom Dobell to force an EGM.|
|What a shambles. Perhaps we should ask the CFO to explain where the money is going but I don't think he can do simple division so don't hold your breath. One thing is for sure... there won't be an apology|
|Well actually it's 30 June to now (30 November), so technically 5 months. So about the same level, but again I still don't see where that cash is going or what value it is generating.|
They used £10 million between last Dec 31 and May 20 this year. So the latest cash burn of £10 million in 6 months is slower. Good news perhaps?|
|Up to no good again here?Caution advised!|
|So WTG has spent £10m in 6 months - on what, exactly?!|
|excellent news for SGH holders
less good news for WTG
but if SGH pulls in the cash anyway, it should all come out in the wash|
Slater and Gordon Limited. ABN 93 097 297 400
30 November 2016
£50 million of purchase price paid to Watchstone Group Plc will remain in escrow until notified claims resolved.
Further to its announcement on 19 September 2016, Slater and Gordon Limited (ASX: SGH) advises claims notified by it and Slater and Gordon (UK) 1 Ltd (SGH UK) to Watchstone Group Plc (formerly Quindell Plc) (Watchstone) have not yet been resolved between the parties.
The process set out in the Share Purchase Agreement required SGH UK to obtain a positive merits based opinion of its claims from an independent barrister.
Having now satisfied that requirement, the £50 million currently held in escrow against warranty claims that may arise under the Share Purchase Agreement, will continue to be held in escrow until such time as claims notified under that agreement are resolved.
|Its all very quiet|
|good point netflix2016
|This WTG not SGH! They acquired certain operations of ours and that is history now!|
|This was announced last Friday, at the AGM. As usual, you are 'behind the curve'
Good news in my view. Consolidation and rationalisation of the UK businesses. SGH
will succeed because if its operational efficiencies.
Please try to understand the model, and don't swallow all the nonsense your short-trading friends feed you?|
|Slater & Gordon boss confirms more UK closures on the horizon
By Kathryn Higgins
07 November 2016 at 14:59 BST
|what are the mysterious 'sources'? LOL
In my opinion AFR is 'doing a job' on SGH in the same way that share price and Alphaville did.
I trust that there are no links between these publications, and shorting interests.|
|Uh oh. Citigroup reads the writing on the wall & come to the conclusion 38cents is better than nothing.
Slater & Gordon debt trades at 38 cents in the dollar: sources
|ditto, the companies you short
0p by last June