Watchstone Share Discussion Threads

[konradpuss] 01/7/2021 20:10

Can you Kindly direct me to the information in respect of the offer?

Thank you.

[otemple3] 01/7/2021 19:51

It's a technicality really, no one is going to accept an offer at that level

[gurjit] 01/7/2021 19:49

Any comments on offer today?!

[beckers2008] 27/4/2021 10:33

G,

Looks like it. But you could get some capital returns in the future and you can still buy/sell on the new mechanism.
I gained some useful info' over on Blueshare and sold out at 57.2p a while back for a very tidy profit and added to my AZN holding when they were clearly oversold.

Good Luck.

[gurjit] 27/4/2021 08:42

Looks like I should have sold when I said! :)

[makinbuks] 30/3/2021 14:12

I agree with you and in the meantime we might get some excitement with a reverse takeover

[gurjit] 29/3/2021 21:43

Thank you - that's all useful info.I have a relatively small remnant holding, so may be I will play the long game & add to my framed share certificates if necessary! ??

[beckers2008] 29/3/2021 19:10

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.

[gurjit] 29/3/2021 17:27

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.

[beckers2008] 29/3/2021 13:36

P,
Not sure of this applies if the reverse t/o happens pre 1st May?
Is is possible that WTG is brought out?

[prokartace] 29/3/2021 13:29

Beckers, the announcement on 2/11/2020 implys that the company would have to re-register by 1st May and therefore pay £6 mil. This being the case on any reverse takeover the £6 mil would still have to be paid

[beckers2008] 29/3/2021 12:52

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.

[gurjit] 29/3/2021 09:02

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.

[beckers2008] 29/3/2021 08:50

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!

[gurjit] 29/3/2021 08:27

Would I be correct in saying that (as things stand) trading in these will be suspended on 1st May 2021 (as per announcement on 2nd Nov 2020)?

[konradpuss] 01/2/2021 19:41

hindsight thank you.

I met 'evil-knievil' back in the 80's when he was an accountant working from his home in St.John's Wood . What a character!

[konradpuss] 31/1/2021 17:57

webbski949, I am a late here, however can you direct me to 'Evils recent post'?

Thank you

[webbski1949] 18/12/2020 09:49

See Evils recent post.He thinks there is a good chance PWC will pay up

[trevor1234] 11/12/2020 10:13

Has anyone heard any updates on what is happening regarding the action against PWC.
Also do you think we are likely to get another payout in the near future after the sale of Ingenie?

[rogthepodge] 13/10/2020 16:32

bbmsionlypostafter ASOS closed today at £53.80
you are an expensive guru to follow!