Watchstone Share Discussion Threads

[bbmsionlypostafter] 24/4/2017 15:24

Remember this?

Where are they now? Does Cawky still hold?



khitchen
1 Jan '16 - 18:40 - 539 of 2953

so what is the true value of WTG does anyone know, I do not know, can any of you clever fellas help with a clue
..............................
Simon Cawkwell

1 Jan '16 - 19:20 - 540 of 2953
khitchen,

My guess is upwards of 500p. This litigation conceived by My Legal Friend is balloney as far as the share price is concerned.

When? End December 2016?

SC

[geoffreen] 21/4/2017 08:11

And Dialectic dropped below 5% on 10th March.

[geoffreen] 20/4/2017 21:22

RNS - Polygon Global Partners declare a 5.119% stake.

[rogthepodge] 19/4/2017 02:10

that's why the shares are trading at 10c

already discounted imo

[bbmsionlypostafter] 19/4/2017 01:39

Slater & Gordon restructure almost done; G+T, AlixPartners hired


Slater & Gordon shareholders should expect to lose 95 per cent of the company's equity to its hedge fund lenders.

That's the reality facing the debt-ridden law firm's investors as part of a restructure proposal before the board.

It's hard to see how the Slater & Gordon story will end any other way.

The law firm will emerge with a clean slate and will be able to focus, once again, on what made it a market darling. That means a largely Australian-focused business with parts of the United Kingdom operations to be shut down....

[lydnem] 15/4/2017 07:40

I see TW has taken some more time off from share price I also see that there is a article from guerilla whatever it is with the bank robber suggesting a lot of wrong doings. I wonder if there is a connection.

[nerdofsteel] 11/4/2017 14:09

"Assumes the £50m is released from escrow,"

NO CHANCE

[henchard] 09/4/2017 09:46

Rob Terry still "at it":

The consulting giant Accenture has demanded that the company founded by the controversial former Quindell boss Rob Terry stops claiming it is a partner in his new venture.

Mr Terry’s telecoms business Quob Park Estate lists Accenture as a partner, although the consulting firm says it has “no major contracts or partnerships with Quob Park Estate, or its subsidiaries”. It said: “We have asked them to remove this claim from their website.”

...

[rogthepodge] 29/3/2017 18:48

which proves that rather than filtering me, you are hanging on my every word. I am flattered?

[rogthepodge] 28/3/2017 23:58

why hold back Henchie, if it's worth 360p?

make your mind up

[henchard] 28/3/2017 20:58

timmy11

Yes, as the company says, no provision has been made for potential costs re SFO and any shareholder litigation. A bit of an unknown. I still think WTG will get the escrow cash but there'll be some costs in the process and how long it will take is also uncertain. I came close to investing in the company after the H1 results but having held off I'm now inclined to wait for the FY numbers and to hear what management has to say.

[rogthepodge] 28/3/2017 20:07

'Henchard' your figures are very similar to Evil Knievil's, are they not?

perhaps your figure is also identical?

you just don't know who is who, or working with who, on these boards

[timmy11] 28/3/2017 19:40

Provisions

The Group is aware of a number of legal and regulatory matters which, by their nature, are subject to significant judgement and uncertainty. All such matters are periodically assessed with the assistance of external professional advisers, where appropriate, to determine the likelihood of the Group incurring a liability and to evaluate the extent to which a reliable estimate of any liability can be made. However, the likely cost to the Group of the Serious Fraud Office ("SFO") investigation and any group litigation which may potentially be brought against the Group is subject to a number of significant uncertainties and these cannot currently be estimated reliably. Accordingly, no provision has been made in respect of these matters.

[timmy11] 28/3/2017 19:21

Henchard
did they not set aside x millions for shareholder litigation

but i think cash is now 81.3 m as of 31st dec

[henchard] 28/3/2017 17:41

timmy11

Below was my quick assessment after the last H1 results. I don't think WTG has published a date for FY results but I look forward to them with interest.

Henchard - 16 Sep 2016 - 08:42:42 - 2511 of 2938 WATCHSTONE GROUP PLC - WTG

A rough and ready valuation:

No. shares - 46,038,333.
Cash at 31 Aug. - £89.3m. (194p a share).
Cash in escrow - £50m (109p).
ptHealth & Ingenie valued at 1 x H1 annualised sales of £27.2m + £14m (89p).
Rest of business valued at zero.
Deferred NIHL consideration from S&G valued at zero.
Total 392p.
Minus my estimate of £15m (33p a share) cash outflow to get to cash break-even sometime in 2017 = fair value 360p.

Assumes the £50m is released from escrow, no comeback on warranties of up to £100m WTG gave to S&G, and zero or minimal costs resulting from SFO investigation and any shareholder litigation.

I personally think there's a good chance these assumptions are sound and so the fair value of WTG is 360p.

[rogthepodge] 28/3/2017 17:27

oh!, it must be such a worry to you 'Henchard' LOL

As an SGH shareholder, I am not expecting any of that escrow money, after all the D.D. Slaters kept telling us they did.

[timmy11] 28/3/2017 16:50

in relation to tesco its about 1 per cent of market valuation

[rogthepodge] 28/3/2017 14:19

Good news is, the Australian accounting authority has just given Slater and Gordon the all clear.

It looks like a pretty narrow three-week window anyway.

Bears are probably blowing this out of all proportion.

For obvious reasons LOL

[lydnem] 24/3/2017 10:33

how many "mugs did he get to sell at 800?

You love making a fool out of yourself numb nuts!

[rogthepodge] 24/3/2017 00:35

maybe a certain party would like to apologise for his smears?

how many mugs did he persuade to sell their Slater and Gordon shares at 6 cents recently, I wonder