Watchstone Share Discussion Threads

[nicky name] 14/6/2016 20:53

hxxp://www.shareprophets.com/views/12207/quindell-given-the-your-legal-friend-litigation-now-proceeding-can-it-pay-a-dividend

another brilliant bit of analysis by TW@t above (from more than a year ago)

[nicky name] 14/6/2016 20:42

Squire, these journalists are a herd, one minute they are all negative

once one turns positive, the others will follow

they are a waste of time and space

all too timid to risk saying anything different

human nature unfortunately

[nicky name] 14/6/2016 20:39

I'll eat my hat if they get as much as £10 million

'My Legal Friend' is in the same PI mass motor claims market as QPP was

in my opinion, the case was launched to embarass its competitor

if I wanted to bring a class action, I would have chosen a firm with expertise in that branch of the law (like Slater Gordon)

it is absurd that every time a risk-capital investor loses money, he goes bleating to his lawyer

they are going to have to have a rock-solid case to make progress, and not to be overturned on appeal

[lydnem] 14/6/2016 15:24

I think those that are limiting costs to those shareholders using my legal friend have vastly underestimated the potential losses. If and yes it is a big if, they win, then the floodgates will open. Everyone who has made a loss with any send will make a claim (nicky numb nuts wont!) I think it is only a test amount anyway, so limiting potential losses to £10m is silly.

[squire007] 14/6/2016 15:07

Well the motley crew have something nice to say about watchstone group.

Special situation
There was also news today from AIM-listed Watchstone (LSE: WTG), the renamed and remaining rump of the notorious Quindell, which sold most of its assets to Australian firm Slater & Gordon over a year ago.

Watchstone’s new board has cleared up most of the past mess. Today’s news of a payment of $2.75m to settle litigation relating to an old acquisition concludes one of a few outstanding matters.

The shares are trading at 207p, valuing the company at around £95m. Watchstone has cash of about £85m, management is “confidentR21; of receiving a further £50m from an escrow account (relating to the Slater & Gordon deal) and I reckon the viable businesses among its remaining operations can be valued at around £55m. So, by my calculations, the company is worth double its current market value.

I reckon the old Quindell directors will bear the brunt of a Serious Fraud Office investigation, while compensation claims from some ex-shareholders — currently amounting to less than £10m — may or may not come to anything. I believe the difference between my calculation of the company’s intrinsic value and the market value gives a sufficiently wide margin of safety to make the shares a buy.

[nicky name] 13/6/2016 21:27

only fraud here is this troll 'IOPABBM' operating under numerous aliases

he doesn't like me pointing this out

one day regulation will catch up with the digital information age

might take a while though

which is why someone is trying to make hay whilst the sun shines

in my opinion

[dalesiders] 12/6/2016 22:13

..........................................................zzzzz

[nicky name] 12/6/2016 22:04

the only fraud at WTG is the troll that is constantly posting here under multiple aliases

geoff, leave him to talk to himself?

don't give the TW@t oxygen

[geoffreen] 12/6/2016 15:11

Agreed, we do seem to have drifted away from WTG and its prospects.

[ionlypostafterbbms] 12/6/2016 14:53

You're just digging a deeper hole.

Time to STFU now before you make a bigger idiot of yourself.

[geoffreen] 12/6/2016 14:11

The date of GCR's report was 22/04/14.

Today is 12/06/16.

On a thread devoted to WTG and its prospects, why do you wish to turn back more than 2 years?

[ionlypostafterbbms] 12/6/2016 14:02

You haven't read it. That's truly shocking.

It's relevance is to demonstrate your wilful ignorance.

I can think of no legitimate reason why you would not inform yourself of an investigative report that wiped £1B (that's BILLION) in a day off a share you claim to own, if not now then certainly when it was red hot fresh news.

Are you employed by QPP / WTG to troll BBs?

Either way, your posts are worthless stupidity.

[geoffreen] 12/6/2016 13:23

IOnlyPostAfterBBMs,

When was GCR's piece published?

Why is it relevant to an appreciation of WTG's propects?