Watchstone Share Discussion Threads

[lydnem] 20/9/2016 08:19

.............of course you did

[geoffreen] 19/9/2016 18:08

rackers1, re your 2570:

just about broke even, because I bought more below 40p when all was doom and gloom.

They then rose very quickly to about 140p..

[rogthepodge] 19/9/2016 17:56

it's going to be fun with WTG and SGH trying to agree who this 'independent barrister' is going to be

could take some time!

all sounds quite strange to me

probably all game playing, as so many different parties have potential claims pending

[rogthepodge] 19/9/2016 17:15

how is the 'My Legal Friend' action going against WTG? LOLZ

I don't think any legal action has been launched has it?

I am sure someone will let me know if it has LOL

How is the SFO inquiry going?

they've been at it for a couple of years

I've heard of no charges being brought

could all of this have been exaggerated by those with a vested interest?

it's possible LOL

[rogthepodge] 19/9/2016 16:43

You may well be right spbcscw

a company is more than a chair who may come and go

I was making the point that companies can recover from difficult circumstances

maybe RR set Helphire on the road to recovery? I don't know. But his experience at Helphire must be useful at WTG, and he got a stonking price for PSD!

There might be a case against the professionals who advised SGH, rather than WTG itself. SGH has stated many times how exhaustively it conducted due diligence.

Caveat emptor as they say.

[rackers1] 19/9/2016 16:40

Goofreen still posts here lolHow much have you lost still invested in this pos when there are so many other well run better performing dogs out there lol

[spbcscw] 19/9/2016 16:35

Hi Rog'.

I might have got this wrong but when Richard Rose joined Redde on 8/1/2009, the share price was 967p and when he left on 28/9/2011 the price was 30p. It has done very well since he left ! I may have missed a dilution along the way?

[geoffreen] 19/9/2016 16:23

The stock's made a really good recovery during the course of the day.

[rogthepodge] 19/9/2016 16:23

given that SGH closed flat overnight, and WTG looks to be closing down only a tad

looks to me like the market doesn't believe that this 'claim' is going very far

sorry 'HVS1' and 'IOnlyPost' to temper your excitement

give my regards to 'solanki' won't you

[rogthepodge] 19/9/2016 16:11

re: WTG latest accounting restatement

If I remember correctly, when Richard Rose was chair at Helphire (now Redde) £27 million was overstated due to an accounting error (nothing dodgy) but embarassing, and the CFO resigned.

Anyway, look at the recent performance of Redde

up about thirty fold in last few years?

WTG and SGH aren't out of the woods, but are probably good investments (especially WTG first thing today, when IOnlyPost advised us to top up) but I think in longer term, SGH has better prospects.

[rogthepodge] 19/9/2016 15:17

there is no such thing as an independent barrister

he or she works for his or her paymaster

and will advise the paymaster on percentage probability of a win

or if to settle, and for how much

then it is a matter of poker playing and negotiation

WTG may well say to SGH 'on yer bike matey'

they may just be attempting to appease SGH shareholders like me, for the underperformance (so far) I expect the performance of the assets acquired from WTG to perform very well in the future though.

It's called investment.

Not trading by spreading smears.

[rogthepodge] 19/9/2016 15:09

IOnlyPostAfterBBMs19 Sep '16 - 07:59 - 2534 of 2563 0 0
Ahoy!

Top up opportunity on the horizon!!

Get in there you mugs.

Thanks for the advice IOnlyPost

at last you have given a good tip

[spbcscw] 19/9/2016 15:06

An apology from Mark Pritchard Williams for his massive c*ck up wouldn't have gone a miss. I'm amazed he's still in a job !

[geoffreen] 19/9/2016 14:30

"The whole world, other than S&G and a few Bulleton Board morons, knew Quenron was a fraud. The evidence was all out there."

I am saying that TW's opinion is, in this case, if it carried any weight, one that should prove helpful to WTG re S&G's claim.

[geoffreen] 19/9/2016 14:16

In this specific instance, it's a pity his opinion does not carry as much weight as that of an independent barrister!

[ionlypostafterbbms] 19/9/2016 14:08

I think in the quoted bit he's speaking directly to you Geoff. And Nicky Nomoney.

[geoffreen] 19/9/2016 12:49

At last!

Was wondering when IOnlyPostAfterBBMs would post a quotation from the BBM enthusiast.

[ionlypostafterbbms] 19/9/2016 12:18

"The whole world, other than S&G and a few Bulleton Board morons, knew Quenron was a fraud. The evidence was all out there."

[funkmasterp12] 19/9/2016 11:51

There isn't much chance this S&G claim will stick, no. It smacks of desperation.

But, this won't exactly help proceedings as far as the ongoing SFO investigation goes. And it may delay any payout indefinitely until resolved.

But even with that distraction aside, I cannot see anything in value left in WTG. All this will do is delay (or possibly expedite) the inevitable, in my view.

[rogthepodge] 19/9/2016 11:42

amended figures

-- For the six months ended 30 June 2016 the Group's total loss per share was (16.7)p on a basic and diluted basis rather than (33.5)p