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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Watchstone Group Plc | WTG | Aquis Stock Exchange | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade | |
|---|---|---|---|---|
| 0.00 | 0.00% | 3.00 | 06:44:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.00 | 3.00 | 3.00 | 3.00 |
| Top Posts |
|---|
Posted at 14/11/2022 21:09 by haroldthegreat that's only 10p a share ! Simon thoughtOver at Watchstone (WTG), they are chewing through cash largely because of lawyers. Let’s hope that there is still enough in the kitty before WTG pulls off the coup of a lifetime and zonks PwC for several hundred million pounds by way of damages. |
Posted at 24/8/2022 07:30 by makinbuks Quote from Simon Cawkwell:"Over at Watchstone (WTG), they are chewing through cash largely because of lawyers. Let’s hope that there is still enough in the kitty before WTG pulls off the coup of a lifetime and zonks PwC for several hundred million pounds by way of damages. And then there are the good folk at KPMG whose work some nine years ago falls to be challenged. Being an audit partner used to be good fun with terrific lunches. No longer. Nowadays an audit partner keeps slim by scurrying to his bank trusting that the pot stays ahead of the fines, legal fees and compensation payments. It usually does." |
Posted at 22/7/2021 14:37 by spbcscw Hi team,Can you please check your offer letters.HL brokers are saying :"The independent directors of WTG are unanimously recommending the 34p offer to shareholders"but Halifax doesn't say anything of the sort nor does the official announcement. |
Posted at 29/3/2021 19:10 by beckers2008 G,Shame about your delisted holding, not a good outcome. The WTG board have stated that capital returns will be carried out, if and when lawsuits are sucessful, currently I have no reason to dispute this as they (WTG) have delivered on their commitments. Fwiw, Imo, PWC will cough up out of court, try and read a copy of the 'Private Eye' article, insinuating PWC! Aviva still to get to court and HMRC will rebate overpaid VAT. I am following the II's and holding on. Good luck in whatever you decide. |
Posted at 29/3/2021 17:27 by gurjit Thank you again.TBH I'm not sure that I still want to be left holding unlisted shares.I have a similar situation with another delisted company (Mapeley) which HAVE NOT been able to set up an effective trading system since they delisted more than a decade ago! No dividends, just a piece of paper which feels worthless! Whether they distribute any money from legal wins would depend upon the board I guess (although I accept it would be hard not to sanction this).I am thinking that I will have to offload WTG if nothing happens during the first half of next month. |
Posted at 29/3/2021 13:36 by beckers2008 P,Not sure of this applies if the reverse t/o happens pre 1st May? Is is possible that WTG is brought out? |
Posted at 29/3/2021 12:52 by beckers2008 G,I believe if WTG does not get taken over and delists later this year, you will still have your shares and I believe WTG are obligated to form a trading mechanism, in layman's terms a matched buy/sell system. Any capital return from claims against Aviva, PWC, plus a circa £5m VAT refund claim from HMRC will I guess be paid to shareholders, either in a listed state or private. |
Posted at 29/3/2021 09:02 by gurjit Thank you BYou seem to imply our money would not be lost if WTG is suspended / delists? Would our money not just be suspended in limbo with no way to sell shares (or would some sort of liquidation event happen with distribution of any cash)? If the latter, I'm not sure what would happen with any successful insurance claims!?Please explain why I should not sell now & take cash now (instead of hold shares in an unlisted / untraded stock)!Apologies in advance if I am missing something obvious. |
Posted at 29/3/2021 08:50 by beckers2008 G,You are correct. WTG are now a cash shell and any company that wants an AIM listing can carry out a reverse takeover of WTG and I believe will not have to pay the £6m listing fee. WTG have outstanding claims against Aviva in Canada and PWC in England which could be rich pickings for the suitor. If WTG delists which seems unlikely, shareholders will still benefit from capital returns which has so far amounted to £1.50 per share, post share dilution and capital return of 90p a few years ago. Nice little earner thank you very much! |
Posted at 09/10/2020 09:06 by energeticbacker Watchstone: sale of last operating business and WTG will become a cash shell.Investor's Champion comments that group cash at 25 September 2020 was £17.2m following a return of £18.4m to shareholders in July. The current market capitalisation of £29m implies there might be more to come to shareholders from outstanding litigation. |
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