Watchstone Share Discussion Threads

[squire007] 23/10/2019 08:04

They will close it down ..... and hand out the cash.

[simon cawkwell] 21/10/2019 14:21

The question now is what the directors will propose to do with the cash. A buy back programme seems sensible enough to me. And paying 200p per share forthwith seems eminently sensible too.

[spbcscw] 21/10/2019 14:04

Beckers ... good call and don't forget Ingenie which must be worth another ~£12-15M

[rogthepodge] 21/10/2019 12:58

apart from S&G lol

[loobrush] 21/10/2019 12:01

SIMON CAWKWELL Well done SIR you called this right-spot on-hope you made a bucket full.
Can you give us a bit more info on how you come to 200p

[kemche] 21/10/2019 11:25

Rog- I cannot recall a single thing he has called correctly. Certainly not here. Nor at S&G.

[rogthepodge] 21/10/2019 11:11

it was T.W. that wrote time after time that the SFO had a sure fire case!
Now tell me the few things he has got right
won't take long
he is a very prolific scribbler, bound to get one or two calls right

[kemche] 21/10/2019 11:03

RT vindicated as being straight as the day is long. It woz TW wot done it.

[rogthepodge] 21/10/2019 10:49

yes! surely if the SFO had a case it would have brought it by now. Even more red faces at Share Prophets and particularly T.W.!

[beckers2008] 21/10/2019 10:40

With the Escrow release of £39m and with the bonus of not going through the courts to get it, WTG has roughly £77m cash in the bank plus the proceeds of the sale of its Canadian healthcare services business for about GBP22.3 million so just shy of £100m cash which is around £2.15 per share!

As reported on Morningstar the current market cap is £55m!

A fair way to go yet, plus no doubt the SFO will finally drop their case after years of messing around.

Congratulations to all shareholders, well done for hanging on and for those that topped up through the summer months.

[leadersoffice] 21/10/2019 10:37

Who gives a toss about share prophets...live by the sword, die by the sword.

[kemche] 21/10/2019 10:02

I continue to average down here and at S&G.

[kemche] 21/10/2019 10:01

"rog" - totally. There must be some red faces there eh? Called it totally wrong - how embarrassing!

[rogthepodge] 21/10/2019 09:20

Rather embarrassing for 'sweetkarolina' and the Share Prophets crew

[kemche] 21/10/2019 08:29

I think the directors will need to award themselves some bonuses first. It's only fair after all.

[leadersoffice] 21/10/2019 07:49

I hope the board decide to do return some of the cash to long suffering shareholders who have been through it.

[spectoacc] 21/10/2019 07:48

Not sure on tax implications, director dipping implications, working capital needs etc. What we need is a clear "returning £X to shareholders" RNS.

[eezymunny] 21/10/2019 07:47

I'd love these 200+p/share people to show sums of how they got there. I get a significantly lower number.

[cheek212] 21/10/2019 07:43

Should be worth over £2 per share now with known cash in hand, escrow money and sale proceeds from Canadian business due imminently. Still got the Ingenie business and I haven't added a value for this. Probably nearer £2.50 when all included. Still some way to go yet.

[owenga] 21/10/2019 06:41

It will allow people to sell out on heavy volume too.

[simon cawkwell] 21/10/2019 06:27

Gentlemen,

I am not sure where this goes on today's news. But 200p is not impossible....

Simon Cawkwell

[cheek212] 21/10/2019 06:20

Gonna be a big blue day today