Watchstone Share Discussion Threads

[rogthepodge] 12/12/2017 23:20

Hold the presses!

Dalesiders has news.

Only six days late.

are you obsessed with NickyNoBrains Dalesiders?

WEIRDO

who are you by the way?

and what is your relationship with TW? LOL

[dalesiders] 12/12/2017 22:18

Slater & Gordon to avoid insolvency after shareholders accept hedge fund takeover
Print This Post

By Legal Futures

6 December 2017


..........................Though existing shareholders will see their stock heavily diluted – they will be consolidated on a 100:1 basis and in total will own just 5% of the company – they were told that the alternative was insolvency.

...........................Slater & Gordon’s share price – which was nearly A$8 in March 2015 – rose 13% to 4.3c on the news of the AGM.

Not quite 0c NickyNoBrains but hardly your finest investment

[squire007] 04/12/2017 15:21

Deutsche Bank grabbing more .............. :-)

[andy] 01/11/2017 09:47

Interesting judgement.


Useful for peeps to understand the inner workings of how things are done.

[squire007] 01/11/2017 09:10

On sale and break-up 500p plus
That why the specialist funds own mostr of it now ......
Can you be bothered to wait ??????????????

[funkmasterp12] 31/10/2017 11:39

The full judgment, for anyone interested:

[citytrader66] 25/10/2017 08:22

in auction for over 5 minutes now. share suspended? will be under £1 today at this rate.

[elcapital2017] 18/10/2017 13:00

Yes, on Globo that was 100% loss for you. SGH nearly 100%. QPP only about 80% loss .....that was your wonder share....and only an 80% loss numb nuts!

[rogthepodge] 18/10/2017 12:28

you seem very familiar with this fellow

you seem to know more than I do about 'him'

a loss of 98.25% on any share, doesn't ring bells with me

I have lost 100%, once or twice mind

[kemche] 18/10/2017 12:18

Are they? And not a 10th of that? 0.07AUD

Surely you know "Nicky's" trades! That is about 1.75% of "his" original trade - or thereabouts. You should ask "him".

:)

[rogthepodge] 18/10/2017 12:07

P.S. aren't SGH shares 70c?

[rogthepodge] 18/10/2017 12:06

and nobody (apart from you) cares about Nicky Name's SGH trades on the WTG thread

you are obsessed!

just how many aliases do you have?

[kemche] 18/10/2017 11:57

Ok Nick. My apologies.

Nicky Name - 18 Mar 2016 - 03:22:27 - 1435 of 3218 WATCHSTONE GROUP PLC - WTG
'ELcap'

for your records, just bought more SGH @ 29c

so you can tease me in the future about what a loser I am!

[rogthepodge] 18/10/2017 11:42

so?
nobody is interested in your trades, kemche
this is the WTG thread

[kemche] 17/10/2017 14:57

I am averaging down at SGH.

:)

[rogthepodge] 17/10/2017 13:00

UBS above 6% now and Polygon Partners over 18%

some believe TW has got it very wrong again

but he does give others good buying opps, sometimes

TCM and PURP might be others?

N.B. I know nothing about TCM, except its price has recovered strongly since damned by TW

[grahamg8] 16/10/2017 17:17

Agree with you lorentz and apologies to everyone. The H1 report doesn't say if the NAV includes the escrow money or not. But the cash figure excludes the escrow money. And on checking the financial statements the current assets exclude the escrow. So NAV at 30 June was 143p and if successful in defending the S&G claim add another 109ppm. Lots of litigation and no doubt some pretty wild swings in share price. Just like the good old days of Quindell.

[rogthepodge] 16/10/2017 17:13

another guaranteed 0p from TW gone horribly wrong for him?

failed fund manager

still failing as a 'journalist'

[lorentz7] 16/10/2017 16:50

Doubt any leaks involved, other than the leak of the defence on TW's site over the weekend. WTG clearly put together some good people on this defence.

£66.5m net assets EXCLUDES the £50m escrow. Likely to be some further non provisioned cashburn, though the provisions have proven to be very conservative so far (large amounts released unused) so maybe balances out a bit.

I also think some of the businesses are worth more than the balance sheet would suggest.

There's also the class action, which has stagnated for now. TW's leaked letter says around 450 signed up claimants + hundreds of potentials. Same as May 2016 when it was 440 signed up for total claim value of £11m and over a thousand been in contact. Looks from the letter like they need SGH to settle before they'd get litigation funding, and probably something useful from the SFO to win anything at all. Clearly WTG will fight those guys hard too to minimise the cost if it materialises.

[grahamg8] 16/10/2017 16:01

Leak? RNS tomorrow? Net assets of £66.5m includes the escrow money and equates to 143pps. So a bit more on the price is still possible.

Edit: see posts 3210 and 3212 below for correction.

[cheek212] 16/10/2017 14:57

Up she goes - some people clearly like the WTG defence and are piling back in.

[rogthepodge] 16/10/2017 10:24

So good news for WTG then, Sweetkarolina.
SGH share price hasn't shifted on this announcement.