Watchstone Share Discussion Threads

[the dark horse] 27/2/2018 07:45

Interesting SK and thanks for your thoughts. I agree that SGH were stupid but they did it with their eyes open and based on their own due diligence. They wanted a slug of UK market and their chairman/ceo's ego got the better of them but I don't believe Q were fraudulent in the sale, in many other things maybe but not the sale as SGH had their own E&Y due diligence report based on open access to Q's information and cases.

IF WTG sell the remaining businesses and keep just half of the £50m escrow they they should still end up with 4x current market cap in cash and if they loses all the escrow and give away the businesses then they should still have £1 a share of cash.

So limited downside and plenty to play for is all I am saying

caveat emptor - just like SGH ;-)

[the dark horse] 26/2/2018 15:54

IMHO, anytime these get offered below £1 then the risk/reward tilts in favour of buying.

I don't see merit in S&G's claims (they are lawyers for goodness sake and openly stated that they did NOT rely on Quindell information but did their own due diligence!)

Anyone know if the new owners even feel the claims are worth pursuing?

I not only feel their claim against WTG will be dismissed but we will get the majority of the escrow that pertains to the warranties on the sale, few if any meet the stipulated terms to pay out on - remember this is part of the agreed price and therefore belongs first to WTG and S&G have to prove a breach of a defined warranty.

My instinct is the whole thing was an attempt at face saving action by previous management and will be resolved sooner than you may think and yes we might let them have a few million of the fifty.

That would leave only the SFO investigation which must be nearing the end and the company will undoubtedly be fined at least the cost of the investigation ;-)
My understanding is that the likely max under the sections they are accused of breaching is less than £1m. So in financial terms it is not really material.

No hurry but I started by having a few this morning as when it gets announced it'll be too late :)

caveat emptor
tdh

[dalesiders] 14/2/2018 12:54

I see that Slater and Gordon shares closed at Au$ 3.65 today.

If that seems not so bad, it is after a 1:100 consolidation, so in old money it's 3.65 cents.

How close to 0 does it have to go before Numbnuts admits he's thrown his money down the drain again?

D

[dalesiders] 25/1/2018 22:56

I'm sure Nicky will be sending round a cake to Tom as thanks.

[bbmsionlypostafter] 04/1/2018 14:06

Yes, indeed.

Some days as many as 15 posts of which no more than 4 or 5 are re-tweeted twitter posts.

[squire007] 04/1/2018 12:59

I don't believe he is......Blueshare is ticking along nicely :-)

[bbmsionlypostafter] 04/1/2018 11:39

Anyone know if Steamy001, once Ramper in Chief of QPP, now owner of the highly successful & busy Blueshare financial forum is still a holder & cheerleader for all things QPP / WTG & Rob Terry?

[owenski] 02/1/2018 07:05

Good to see Lord Howard still lending his 'weight and dignity' to the company, in return for a commensurate fee no doubt.

[dalesiders] 14/12/2017 00:19

Oh dear Nicky, Maths was never your strong point.

It's not A$0.40 but A$0.040 (= 4 cents NOT 40)

So you are 10 times worse off on your holding than you thought you were. And that was pretty painful anyway.

[elcapital2017] 13/12/2017 14:41

Only down 99% numb nuts....thats a proper result for you!

[rogthepodge] 13/12/2017 14:25

daley, you stalker!

looks like I am right and Winni and Earl are wrong

nothing new there

it is not A$0.00 but A$0.40 I think, today

it is not and probably never will be nought, so not much of a short at 48 to 40 with interest costs over 12 months

[dalesiders] 13/12/2017 13:07

Not as WRONG as you Nicky

[kemche] 13/12/2017 12:01

That he truly is.

[elcapital2017] 13/12/2017 11:43

rogthepodge is nickynumbnuts

[dalesiders] 13/12/2017 11:39

I am dalesiders - a member since October 2002, but I suspect that you may be masquerading as rogthepodge.

[rogthepodge] 12/12/2017 23:20

Hold the presses!

Dalesiders has news.

Only six days late.

are you obsessed with NickyNoBrains Dalesiders?

WEIRDO

who are you by the way?

and what is your relationship with TW? LOL

[dalesiders] 12/12/2017 22:18

Slater & Gordon to avoid insolvency after shareholders accept hedge fund takeover
Print This Post

By Legal Futures

6 December 2017


..........................Though existing shareholders will see their stock heavily diluted – they will be consolidated on a 100:1 basis and in total will own just 5% of the company – they were told that the alternative was insolvency.

...........................Slater & Gordon’s share price – which was nearly A$8 in March 2015 – rose 13% to 4.3c on the news of the AGM.

Not quite 0c NickyNoBrains but hardly your finest investment

[squire007] 04/12/2017 15:21

Deutsche Bank grabbing more .............. :-)

[andy] 01/11/2017 09:47

Interesting judgement.


Useful for peeps to understand the inner workings of how things are done.

[squire007] 01/11/2017 09:10

On sale and break-up 500p plus
That why the specialist funds own mostr of it now ......
Can you be bothered to wait ??????????????

[funkmasterp12] 31/10/2017 11:39

The full judgment, for anyone interested: