Watchstone Share Discussion Threads

[spectoacc] 29/4/2018 06:16

@Sweet - from WTG's defence to the claim, they (and I accept they would say this) seem convinced it's totally without merit - so what about the option of the claim being completely dismissed? I just can't see the directors rowing back from what they're currently saying, to say instead "Yeah, well, we've paid shareholder money to SGH to settle".

[spectoacc] 27/4/2018 07:47

Ah but they're reducing losses :)

Still all about the Slater claim - happy to hold them here.

[owenski] 27/4/2018 07:22

Pretty much a failing business propped up by a diminishing cash pile from a fraudulent sale of QPP assets.

What does Lord Howard actually do for his slice of the pie here?

[sweet karolina] 28/2/2018 18:11

Don't underestimate how much can disappear in fees in a solvent liquidation. However I agree, unless there are some nasty unforeseen surprises, breakeven is a worst case scenario.

[spectoacc] 27/2/2018 10:24

Picked up a few having watched ages without buying, having also missed much lower, but figure every day is a day closer to resolution, be it good or bad! Thanks for posts above.

[the dark horse] 27/2/2018 07:45

Interesting SK and thanks for your thoughts. I agree that SGH were stupid but they did it with their eyes open and based on their own due diligence. They wanted a slug of UK market and their chairman/ceo's ego got the better of them but I don't believe Q were fraudulent in the sale, in many other things maybe but not the sale as SGH had their own E&Y due diligence report based on open access to Q's information and cases.

IF WTG sell the remaining businesses and keep just half of the £50m escrow they they should still end up with 4x current market cap in cash and if they loses all the escrow and give away the businesses then they should still have £1 a share of cash.

So limited downside and plenty to play for is all I am saying

caveat emptor - just like SGH ;-)

[the dark horse] 26/2/2018 15:54

IMHO, anytime these get offered below £1 then the risk/reward tilts in favour of buying.

I don't see merit in S&G's claims (they are lawyers for goodness sake and openly stated that they did NOT rely on Quindell information but did their own due diligence!)

Anyone know if the new owners even feel the claims are worth pursuing?

I not only feel their claim against WTG will be dismissed but we will get the majority of the escrow that pertains to the warranties on the sale, few if any meet the stipulated terms to pay out on - remember this is part of the agreed price and therefore belongs first to WTG and S&G have to prove a breach of a defined warranty.

My instinct is the whole thing was an attempt at face saving action by previous management and will be resolved sooner than you may think and yes we might let them have a few million of the fifty.

That would leave only the SFO investigation which must be nearing the end and the company will undoubtedly be fined at least the cost of the investigation ;-)
My understanding is that the likely max under the sections they are accused of breaching is less than £1m. So in financial terms it is not really material.

No hurry but I started by having a few this morning as when it gets announced it'll be too late :)

caveat emptor
tdh

[dalesiders] 14/2/2018 12:54

I see that Slater and Gordon shares closed at Au$ 3.65 today.

If that seems not so bad, it is after a 1:100 consolidation, so in old money it's 3.65 cents.

How close to 0 does it have to go before Numbnuts admits he's thrown his money down the drain again?

D

[dalesiders] 25/1/2018 22:56

I'm sure Nicky will be sending round a cake to Tom as thanks.

[bbmsionlypostafter] 04/1/2018 14:06

Yes, indeed.

Some days as many as 15 posts of which no more than 4 or 5 are re-tweeted twitter posts.

[squire007] 04/1/2018 12:59

I don't believe he is......Blueshare is ticking along nicely :-)

[bbmsionlypostafter] 04/1/2018 11:39

Anyone know if Steamy001, once Ramper in Chief of QPP, now owner of the highly successful & busy Blueshare financial forum is still a holder & cheerleader for all things QPP / WTG & Rob Terry?

[owenski] 02/1/2018 07:05

Good to see Lord Howard still lending his 'weight and dignity' to the company, in return for a commensurate fee no doubt.

[dalesiders] 14/12/2017 00:19

Oh dear Nicky, Maths was never your strong point.

It's not A$0.40 but A$0.040 (= 4 cents NOT 40)

So you are 10 times worse off on your holding than you thought you were. And that was pretty painful anyway.

[elcapital2017] 13/12/2017 14:41

Only down 99% numb nuts....thats a proper result for you!

[rogthepodge] 13/12/2017 14:25

daley, you stalker!

looks like I am right and Winni and Earl are wrong

nothing new there

it is not A$0.00 but A$0.40 I think, today

it is not and probably never will be nought, so not much of a short at 48 to 40 with interest costs over 12 months

[dalesiders] 13/12/2017 13:07

Not as WRONG as you Nicky

[kemche] 13/12/2017 12:01

That he truly is.

[elcapital2017] 13/12/2017 11:43

rogthepodge is nickynumbnuts

[dalesiders] 13/12/2017 11:39

I am dalesiders - a member since October 2002, but I suspect that you may be masquerading as rogthepodge.