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WTG Watchstone Group Plc

2.00
0.00 (0.00%)
14 Oct 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Watchstone Group Plc AQSE:WTG Aquis Stock Exchange Ordinary Share GB00BYNBFN51 Ordinary Shares 10p
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 15:29:41
Bid Price Offer Price High Price Low Price Open Price
1.00 4.00 2.50 2.00 2.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 2.00 GBX

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Top Posts
Posted at 28/3/2024 11:42 by makinbuks
Well three months ago they were sitting on 15p per share of cash. This hearing had already taken place and the result was awaited so hopefully they haven't spent much in the interim. Now they can either wind up and distribute or decide to go to the Court of Appeal. I don't know in pence per share what its worth if we were to win so hard to judge. Based on Aviva Canada and PWC recent events they seem to have been flying kites but I don't know the facts
Posted at 12/12/2023 21:44 by jtourer
Looks to me like this will be wound up at 15p -share now it seems ??
Posted at 14/11/2022 21:09 by haroldthegreat
that's only 10p a share ! Simon thought

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.
Posted at 14/11/2022 15:14 by gurjit
KPMG claim was for £13M plus interest but they have settled out of court for £5M.Not sure how much of this was already accounted for in the quoted price. ?????
Posted at 24/8/2022 08:30 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 31/8/2021 17:13 by leadersoffice
Increased offer to 38p per share. It's still a lie ball offer. What's peoples thoughts ?
Posted at 22/7/2021 15:37 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 20:10 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 13:52 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 09:50 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!
Watchstone share price data is direct from the London Stock Exchange

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