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 Shares Traded Last Trade
  0.00 0.0% 61.50 301 15:52:29
Bid Price Offer Price High Price Low Price Open Price
60.00 63.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 7.34 -6.63 67.10 0.9 28
Last Trade Time Trade Type Trade Size Trade Price Currency
14:50:49 O 153 60.056 GBX

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Watchstone Daily Update: Watchstone Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker WTG. The last closing price for Watchstone was 61.50p.
Watchstone Group Plc has a 4 week average price of 57.20p and a 12 week average price of 50p.
The 1 year high share price is 182.50p while the 1 year low share price is currently 45p.
There are currently 45,822,708 shares in issue and the average daily traded volume is 30,907 shares. The market capitalisation of Watchstone Group Plc is £28,180,965.42.
energeticbacker: Watchstone: sale of last operating business and WTG will become a cash shell. Investor's Champion comments that group cash at 25 September 2020 was £17.2m following a return of £18.4m to shareholders in July. The current market capitalisation of £29m implies there might be more to come to shareholders from outstanding litigation.
makinbuks: WTG engaged PWC and paid them fees. Not only did they not receive services of the standard one might expect they actually caught them trying to rip them off. I don't see that the case hinges on the price obtained for the business, it should be about a return of the fees paid plus interest and damages. Why on earth they would call TW as a witness I have no idea. Witness to what? Having an opinion on the broader issue is fair enough but no evidence of whether PWC did anything wrong or not
hindsight: Good to see us WTG shareholders now are the hunters rather than the hunted for a change. Must think a good chance to win to take on Pwc
the dark horse: Thats £1.50 coming back in cash by end July. Still leaves Engenie and about £20m (40p+ per share) so this has to push the price up further as it is becoming a neat little shell to buy and back something into :)
foreverfalling: Nice update. I'm 55% up since selling my QPP / WTG. Nice to get something back.
webbski1949: Correct Dark Horse.Dear Old Evil reckons the rump is worth about 85p ( 195-110) So ,if the market has mispriced WTG ,AFTER the cas payment 0f 110p ,we might see a price of @ say 70p ??
the dark horse: 10th Feb pre close update:Cash and term deposits on 31 December 2019 (excluding cash within businesses classified as held for sale) totalled GBP71.6m. Total cash following completion of the sale of the Healthcare Services division, is approximately GBP90m representing approximately 195 pence per share.
makinbuks: If estimates are correct and there's £2 a share of assets here surely there would be more buys
beckers2008: With the Escrow release of £39m and with the bonus of not going through the courts to get it, WTG has roughly £77m cash in the bank plus the proceeds of the sale of its Canadian healthcare services business for about GBP22.3 million so just shy of £100m cash which is around £2.15 per share! As reported on Morningstar the current market cap is £55m! A fair way to go yet, plus no doubt the SFO will finally drop their case after years of messing around. Congratulations to all shareholders, well done for hanging on and for those that topped up through the summer months.
grahamg8: More twists and turns than a rattlesnake. I'm cautiously optimistic since the evidence came through disclosure. S&G can hardly say the meetings didn't take place. So it's down to whether WTG suffered a financial loss at the time and by how much. The elephant in the room is PwC who presumably have much deeper pockets than S&G. If the counter claim is proved even at a modest financial level then I would fully expect WTG to claim damages which could be pretty hefty as PwC were their trusted adviser at the time.
Watchstone share price data is direct from the London Stock Exchange
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