Assetco Share Discussion Threads

[konradpuss] 23/1/2020 13:23

Rj, I think you will have to wait for the decision. It is usually very difficult to judge during the hearing. I did not go in the end. The decision should be out in around two months. This process is called the hand down. There is usually notice of this a few days before. They circulate the decision to all concerned before the hand down although is is not public until the day. Sorry to say I think if GT lose they will try to appeal to the Supreme Court. That applies to the company as well! It is however very difficult to get a case before the Supreme Court however in this case it would not surprise me.

[rjmahan] 23/1/2020 12:55

Any progress on this ? Its a big proportion of my portfolio so I am highly concerned.

[velocytongo] 21/1/2020 22:04

Still in the bar. These barristers know how to enjoy themselves!

[rjmahan] 21/1/2020 21:30

Any update on how this went?

[konradpuss] 21/1/2020 21:04

Velocy, I guess you much have got friendly with one of the barristers and you are still in one of the Fleet Street wine bars with him/her!

[velocytongo] 21/1/2020 08:43

We’re going today. Will keep you posted

[velocytongo] 21/1/2020 08:43

We’re going today. Will keep you posted

[konradpuss] 20/1/2020 22:03

Velocy, I was just about to post that! If you are going, I would suggest the second day to hear the summing up of each side. It might still run and run. Think the Supreme Court!

[velocytongo] 20/1/2020 19:18

22nd Feb is the next key date for an announcement.

[velocytongo] 20/1/2020 19:17

COURT 69 Before LORD JUSTICE DAVID RICHARDS LORD JUSTICE PHILLIPS and SIR STEPHEN RICHARDS Tuesday, 21st January, 2020 At half-past 10 APPLICATION A4/2019/0596(B) Assetco PLC -v- Grant Thornton UK LLP. Application of Defendant for permission to amend grounds and skeleton and PTA in respect of amended ground. APPEAL From The Queen's Bench Division (Commercial) FINAL DECISIONS A4/2019/0596 AssetCo PLC -v- Grant Thornton UK LLP. Appeal of Defendant from the order of Bryan J, dated 22nd February 2019, filed 15th March 2019.

[velocytongo] 19/1/2020 10:06

many thanks

[konradpuss] 19/1/2020 09:39

The Court of Appeal site just gives a window of dates for the hearing together with an estimate time for the hearing. The hearing will I am sure be at the Rolls Building. I will keep an eye out for the dates, time and location.

[velocytongo] 19/1/2020 09:07

I’ll look out for you .. can’t imagine there will be too many people there .. have you managed to ascertain the date and place of the hearing ?

[konradpuss] 19/1/2020 08:40

Velocy, if you go, make friends with one of the solicitors. They might just give you a copy of the 'skeleton' or even on the last day a copy of the closing submissions. You can only ask. I am going to try and be there on the last day. Do look for the puss!

[velocytongo] 18/1/2020 22:54

thanks. i just checked this week's listing at the high court and could not find anything on assetco vs gt. i've spent two days reading the judgement and intrigued to listen to the appeal and which points of law the case turns. vt

[konradpuss] 18/1/2020 18:29

Velocy,I would not know how to post the original link as I am completely computer illiterate! My son would, however he is not around. There will be a daily listing on the Court of Appeal web site page.This is the one to watch. Quite often you do not know if you are 'on' or who the three judges are until the day before. The original listing just gave an approximate date and time allocation for the case. Hope this helps and good luck with the purchase.

[velocytongo] 18/1/2020 18:11

konrad, just checked the listings at the court of appeal for this week and couldn't find anything for assetco vs grant thornton. can you post the link. many thanks

[velocytongo] 18/1/2020 10:13

That was me :-)! I like my investments in round numbers.

[konradpuss] 17/12/2019 14:10

rj, the case is not a complete rehearing. The grounds for appeal would be quite limited hence the fifteen hours. I have tried to get a copy of the permission to appeal, however this does not seem to be available. If I am not busy I might go along. I must be sad! You can bet that when/if Grant Thornton lose they will try and appeal to the Supreme Court. It is quite a high test to get to the Supreme Court as it has to be on a point of law that is in the public interest. Generally the Court of Appeal does not grant permission to appeal to the Supreme Court. Once an application is refused you can then appeal direct to the Supreme Court for the case to be heard. This is usually decided by three of the Supreme Court Judges there after with a short written decision as whether you have gained the right to be heard. If it is eventually heard by the Supreme Court it would probably only be a morning.

[velocytongo] 17/12/2019 13:27

My guess is that the shares were sold as a favour; may be to Tudor Davies (the current CEO). He and Mills go back a long way when he was CEO of Dowding & Mills, which got taken private by Mills and eventually sold for 4 times the price he paid. I still think that Mills will back a business into this entity, once the issue with GT has been settled. He's lost a lot of money in this company since he got involved and using the cash here to buy a business would convert the cash into something much more valuable than implied at the moment.

[rjmahan] 08/12/2019 19:13

Excellent Konrad - thanks for letting me know. Do you have any insight in how they set the length of the hearing - is it related to the complexity of the case? ie. Can it be used as an indicator? Fifteen hours to me doesnt sound like much.

[konradpuss] 07/12/2019 20:57

The Court of Appeal hearing is on the Gov. web site and is provisionally set down for dates between 20th. and 22nd. January. A total of fifteen hours for the hearing. The three judges have yet to be allocated.

[konradpuss] 23/10/2019 19:27

I think I should have gone to Specsave! To be fair Chris MillsMills and Harwood are not quite the same.

[arthur_lame_stocks] 23/10/2019 19:17

Chris Mills and Harwood are one and the same. It was an out and out sale by Harwood.