Watchstone Dividends - WTG

Watchstone Dividends - WTG

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Stock Name Stock Symbol Market Stock Type
Watchstone Group Plc WTG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 52.10 01:00:00
Open Price Low Price High Price Close Price Previous Close
52.10 52.10
more quote information »
Industry Sector

Watchstone WTG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

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.
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.
gurjit: 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: P, Not sure of this applies if the reverse t/o happens pre 1st May? Is is possible that WTG is brought out?
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.
gurjit: 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: 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!
energeticbacker: Watchstone: sale of last operating business and WTG will become a cash shell. Investor's Champion comments that group cash at 25 September 2020 was £17.2m following a return of £18.4m to shareholders in July. The current market capitalisation of £29m implies there might be more to come to shareholders from outstanding litigation.
makinbuks: WTG engaged PWC and paid them fees. Not only did they not receive services of the standard one might expect they actually caught them trying to rip them off. I don't see that the case hinges on the price obtained for the business, it should be about a return of the fees paid plus interest and damages. Why on earth they would call TW as a witness I have no idea. Witness to what? Having an opinion on the broader issue is fair enough but no evidence of whether PWC did anything wrong or not
hindsight: Good to see us WTG shareholders now are the hunters rather than the hunted for a change. Must think a good chance to win to take on Pwc
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