Watchstone Share Discussion Threads

[cheek212] 12/7/2017 22:44

It's quite clearly set out on the WTG website - you just need to do some research and it is clear that the trading entities are growing substantially, coupled with the cash element, the escrow and maybe one day some NIHL money albeit I don't think they will ever see any of that. One of the trading businesses that was still loss making has been sold in the past few weeks for a substantial sum further bolstering the cash pile. I believe in the bad old days IIs represented roughly about 25% of the shareholding here but now believed to be more like 60% with 51% being declared, maybe higher. IIs don't just buy for fun especially when they are buying a business that is being supposedly sued for over £600m!They've done their research and they are showing what they think about the chances of success of this claim - and once this settles the share price will rally hugely as PIs try and buy back into a hugely under valued share. Just my thoughts on the matter.

[funkmasterp12] 12/7/2017 18:51

Agree Cheek but what on earth are they actually buying? The cash pile?

[cheek212] 12/7/2017 18:17

They clearly understood their business - Andrew Grech is on record as saying so, and also on record suggesting that they also 'respectably' knew more about their business than any of the advisors that were employed to help with the 'thorough' due diligence. The IIs who continuously load up with WTG shares here clearly expect this legal action to go nowhere - they now hold over 50% of the business and that's just those who have declared holdings.

[rogthepodge] 12/7/2017 16:15

A lot of the details in the SGH claim seem to concern PSD's expected % failure rates of different classes of claim.
These should have been assessed objectively by SGH during due diligence in my opinion, when it was given access to an awful lot of files.
It is not as if it doesn't understand this business, and what failure rates are likely to be!

[ettienne1951] 12/7/2017 13:25

rogthepodge - your 3021.

The reason I felt that S&G would go to court and not negotiate "some compo" as you suggested was because (1) the seriousness of the grounds for the claim ("Fraudulent Misrepresentation" - that is where a false representation has been made knowingly, or without belief in its truth, or recklessly as to its truth) and (2) the extent of the amount of damages their solicitors advised would be claimed ("approx £600m" - suggesting the PSD had provably negligible value in reality). The evidence in the matter put together in the particulars of claim, will likely speak for itself.

[bbmsionlypostafter] 12/7/2017 09:35

Anybody know what this company actually does?

[leadersoffice] 12/7/2017 08:47

Catch a falling knife

[lydnem] 12/7/2017 08:23

Numb nuts

We all know you bought QPP at 652 and sgh at A$8

Stop lying

[rogthepodge] 11/7/2017 18:29

hard to believe though that SGH will get much back from WTG after all the extensive due diligence it professed to have done

caveat emptor and all that

but who would have thought that Maurice Blackburn would have negotiated a settlement with SGH

so who knows for sure!

[rogthepodge] 11/7/2017 18:27

I think you are confusing me with your pal Simon. I am in SGH (as you know), and Redde in this sector, Lydnem/ElCapital

you misleading troll

[lydnem] 11/7/2017 17:19

For me just three things. A forced seller, news re SGH success possibility leaking through or maybe leaking news of success for shareholders

I would say its a big holder dumping, too early for the rest.

I suppose it could be news of SFO investigation. So many things!!! Just how does Nicky numb nuts choose them!!

[funkmasterp12] 11/7/2017 16:34

(There's obviously the usual - but this is a pronounced fall even taking that into account)

[funkmasterp12] 11/7/2017 16:33

This is collapsing. Any reason for this other than SGH ?

[kemche] 11/7/2017 16:27

I am buying yet more to average down like Nick.

[bbmsionlypostafter] 11/7/2017 16:14

I wonder what steamy's secret squirrel blueshare group are making of WTG these days.

Are they still long & strong?

[owenski] 11/7/2017 08:42

Anyone who fixates on whether a word is spelt correctly or if someone projects a share going to zero pence and it didn't do that - although the wealth decimation is still plainly evident, is usually a person who doesn't want to face facts and so concentrates on the trivial instead in order to continue in a state of self denial.

This is quite common behaviour with people who are emotional instead of rational, defending obvious losing positions and or strategies, rather than face facts and dealing with some uncomfortable truths about themselves.

[lydnem] 11/7/2017 06:48

Are you drunk again numb nuts?

[rogthepodge] 10/7/2017 22:28

till is a cash register

'til

[bbmsionlypostafter] 10/7/2017 14:30

Yikes, this POS breezed past the 130's in double quick time.

How long till sub 100p?

[sweet karolina] 05/7/2017 17:39

It could easily be another 2 years before the SFO bring it to court. Although it seems entirely obvious to us that multiple frauds were committed each is complex and having clear cut evidence against multiple specific individuals on multiple specific counts takes a long time to gather. Given the high profile international nature of the case SFO will not be able to sweep it under the carpet because it is all too difficult.

[lydnem] 05/7/2017 12:09

You would think so, but the longer it goes on, the more I think nothing will happen from the SFO, despite all the evidence. I think the legal claim has more chance

[nerdofsteel] 05/7/2017 11:57

does anyone know when the SFO are likely to conclude their investigation? And I assume the former CEO will face charges....

[1950211] 04/7/2017 20:22

I'd have thought so!