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Share Name Share Symbol Market Type Share ISIN Share Description
Watchstone Group Plc LSE:WTG London Ordinary Share GB00BYNBFN51 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 52.10 50.00 54.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.0 -1.2 16.7 3.1 24

Watchstone Share Discussion Threads

Showing 3101 to 3122 of 3600 messages
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DateSubjectAuthorDiscuss
01/5/2017
14:29
incorrect, ElCap as per
rogthepodge
01/5/2017
06:41
I presume you bought before the recent falls?
lydnem
01/5/2017
00:08
PURP hope you make lots shorting it, ElCap/Lydnem
rogthepodge
29/4/2017
10:55
numb nuts. Are you buying anything at the moment.....im looking for a good short, and you longs are nailed on short
lydnem
29/4/2017
00:16
Worst case scenario starting from net assets of £126m (including escrow cash): WTG doesn't get the escrow cash - NAV down to £75.9m. Your Legal Friend indicative initial £9.4m compensation claim (rumoured to be a quarter of total claims) all successful - NAV down to £38.3m. Serious Fraud Office takes the rest in fines - NAV down to £0 (0p per share) Best case scenario starting from net assets of £75.9m (excluding escrow cash): WTG gets the escrow cash - NAV up to £126m. Your Legal Friend doesn't pursue claims or all claims fail - NAV £126m. Rob Terry is jailed and has his assets confiscated as a result of the SFO investigation but there's no financial penalty for WTG - NAV £126m Ingenie and Healthcare Services sold at 2 x sales - NAV £159.6m (347p per share). Or somewhere in between :)
henchard
28/4/2017
23:33
Looking at the results, I think the valuations of Ingenie and ptHealth (which is actually now 'Healthcare Services' consisting of ptHealth and InnoCare) can be ugraded. The results give Q1 revenue numbers, so I'll annualise those. The results also state that "Ingenie is now profitable and generating cash" and that despite required investment in InnoCare's products and associated marketing, "we still expect [Healthcare Services] to be profitable and cash generative in 2017." As Q1 sales have shown decent growth and as Ingenie is now generating cash and Healthcare Services is on the brink, I think a valuation of 1.25 times sales is now merited. Revisions to earlier valuations below (in bold) ptHEALTH Dec 2016: £36.5m (79p per share) valued at 1.25 Q1 2017 annualised sales Dec 2016: £28.1m (61p per share) valued at 1 x ttm sales Jun 2016: £27.2m (59p per share) valued at 1 x H1 2016 annualised sales Dec 2015: £26.4m (58p per share) valued at 1 x Q1 2016 annualised sales INGENIE Dec 2016: £19.5m (42p per share) valued at 1.25 Q1 2017 annualised sales Dec 2016: £13.9m (30p per share) valued at 1 x ttm sales Jun 2016: £14.0m (30p per share) valued at 1 x H1 2016 annualised sales Dec 2015: £14.0m (31p per share) valued at 1 x Q1 2016 annualised sales Leading to revised NET ASSETS of Dec 2016: £75.9m (165p per share) [£126.0m, 274p per share if WTG gets escrow cash] Dec 2016: £61.9m (134p per share) [£112.0m, 243p per share if WTG gets escrow cash]
henchard
28/4/2017
22:46
so not much downside, but quite a bit of upside IF any escrow monies are recovered
rogthepodge
28/4/2017
22:19
Just for interest I've done some alternative net asset calculations for the last three balance sheet dates. Total liabilities are as per the balance sheets but total assets are: cash, cash in escrow, my valuation of what might be realised from a sale of ptHealth and Ingenie, and zero value for everything else. SHARES IN ISSUE Dec 2016: 46,038,333 Jun 2016: 46,038,333 Dec 2015: 45,822,708 CASH Dec 2016: £81.2m (176p per share) Jun 2016: £93.8m (204p per share) Dec 2015: £103.2m (225p per share) CASH IN ESCROW Dec 2016: £0 [£50.1m, 109p per share if WTG gets escrow cash] Jun 2016: £50.1m (109p per share) Dec 2015: £55m (120p per share) ptHEALTH Dec 2016: £28.1m (61p per share) valued at 1 x ttm sales Jun 2016: £27.2m (59p per share) valued at 1 x H1 2016 annualised sales Dec 2015: £26.4m (58p per share) valued at 1 x Q1 2016 annualised sales INGENIE Dec 2016: £13.9m (30p per share) valued at 1 x ttm sales Jun 2016: £14.0m (30p per share) valued at 1 x H1 2016 annualised sales Dec 2015: £14.0m (31p per share) valued at 1 x Q1 2016 annualised sales TOTAL ASSETS Dec 2016: £123.2m (267p per share) [£173.3m, 376p per share if WTG gets escrow cash] Jun 2016: £185.1m (402p per share) Dec 2015: £198.6m (433p per share) TOTAL LIABILITIES Dec 2016: £61.3m (133p per share) Jun 2016: £72.8m (158p per share) Dec 2015: £88.1m (192p per share) NET ASSETS Dec 2016: £61.9m (134p per share) [£112.0m, 243p per share if WTG gets escrow cash] Jun 2016: £112.3m (244p per share) Dec 2015: £110.5m (241p per share) Current market cap: £68.6m (149p per share) I'll leave it at that for now and go away and ponder.
henchard
28/4/2017
21:56
funky on tiny volume don't panic Mr Mainwaring
rogthepodge
28/4/2017
09:38
thats not a bad day for Slaters......numb nuts will be frothing at his gash
lydnem
28/4/2017
07:21
Yes, such good news for SGH shareholders that the price... dropped 4% overnight.
funkmasterp12
27/4/2017
20:02
Whilst Watchstone's view as to the lack of merits of the purported claim has not changed, on the basis of the Opinion, we consider it appropriate that a provision for impairment be established in respect of the Warranty Escrow and have determined that the appropriate amount should be to fully impair the Warranty Escrow. This reflects the inherent uncertainty in valuation of the purported claim and is in no way a reflection of the Group's view on ultimate resolution, which is uncertain in both time and quantum (if any). As yet no proceedings have been brought and the Group will defend such claim robustly if commenced.
geoffreen
27/4/2017
19:47
That money has long gone!
kendonagasaki
27/4/2017
18:30
good news for SGH shareholders no expectation of £50m escrow monies
rogthepodge
27/4/2017
18:00
Its all downhill from here!
kendonagasaki
27/4/2017
15:38
An orderly disposal of remaining assets, WTG's stock market career will be coming to an end.
geoffreen
27/4/2017
13:48
NIHL. Now there's a surprise. Said nobody. Ever. We remain in active dialogue with S&G on a number of other matters including the performance of the noise induced hearing loss ("NIHL") cases to which deferred consideration is due when, and if, such cases are profitable. To date, no deferred consideration has been paid.
bbmsionlypostafter
27/4/2017
13:45
Er, no. As of last Sept:"Operationally, we have some exciting opportunities to create value in our remaining businesses through a more focussed and realistic approach and particularly via organic growth and new product launches. We remain determined to deploy resources and energy to maximise such potential."Not exactly the case now, is it?
funkmasterp12
27/4/2017
13:33
what is new? the company made it clear maybe a year ago, or even more, that the value was in selling off the bits the board was awarded options at the same time to benefit from this, weren't they? interesting thing will be how much they get for the bits
rogthepodge
27/4/2017
10:54
Well, the business is basically now valued at cash + assets so there's a floor under the share price They've written off the monies due from S&G, which is no surprise. It now all comes down to whether they can monetize the rabble of businesses they have left. I will say it appears Indro has done a good job in reducing cash bleed, but that doesn't mean the resulting businesses are any good. In fact, you could happily argue he wouldn't be leaving if what was left had any promise. I can't see the share price going up or down from here - there's obviously now no investment case, but there's only limited downside risk. The only possible Black Swan is the SFO investigation. Basically the excitement is largely now over until they start selling off the businesses. Let's see who stumps up. Rob Terry himself perhaps?
funkmasterp12
27/4/2017
10:21
Results here are shocking.No recovery here....?Much further to fall here too.
kendonagasaki
27/4/2017
07:13
Indro's had enough already then! What a sorry state of affairs this is for holders. I don't think Cawkwell will be getting his target, ever.
funkmasterp12
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