Watchstone Share Discussion Threads

[andy] 07/10/2016 13:17

Rog,

What price did you buy SGH at?

"soaring"? LOL!

What a fantasist......

[rogthepodge] 06/10/2016 01:30

thought you would like to know daley how much I am making on my SGH shares

they are soaring due to the substantial devaluation of Sterling

thanks Tom for Brexit lol

[dalesiders] 05/10/2016 09:14

...........rats............sinking ship..........

[funkmasterp12] 04/10/2016 13:34

DB below 3% - hardly surprising given their current predicament!

[spbcscw] 04/10/2016 13:26

So... why hasn't Mark Williams a) apologized or b) resigned?

I've never been to a shareholders meeting before but I can't think of a better reason to attend the next one.

Perhaps I'll bring some stetsons for the whole board .. what a bunch of cowboys.

[lydnem] 29/9/2016 09:13

...not for nicky numb nuts....he doesnt mind losing 90% it only matters if it goes bust.

[andy] 28/9/2016 15:59

strange1,

"good" for some, disastrous for most shareholders I would imagine!

[rogthepodge] 26/9/2016 12:01

I wonder how many mugs followed TW@t from one disastrous share tip into another.

I only bought QPP and SGH (after the acquisition) but no doubt some invested in QUOB and DS.

You are like an excited child 'IOnlyPost' every time you spot anything that could embarrass RT. You really are an obsessive mate.

WTF does Dan Stewart have to do with WTG? LOL

[rogthepodge] 23/9/2016 12:35

lol geoff

yes, he is becoming more ecumenical!

although he remains economical with the truth

[geoffreen] 23/9/2016 12:11

rogthepodge,

At least he's not quoting from his usual source on this occasion!

[rogthepodge] 23/9/2016 12:05

do you always follow IC share tips 'IOnlyPost'?

In my view this company has a bit of value in its components, as they are flogged off

The market doesn't seem to be pricing in much risk re: litigation

WTG has recovered a bit and SGH share price is unmoved

disclosure: (honest and transparent, unlike some) I hold SGH and REDD in this sector, but take an interest in WTG, as it seems to be the focus of someone's obsession. Someone who seems to want to damage it because of its historical RT connection. Pathetic!

[ionlypostafterbbms] 23/9/2016 11:07

"IC VIEW:

Launching new products, targeting growth markets and flogging underperforming businesses are steps in the right direction for Watchstone, but a return to growth remains a distant prospect. The ongoing Serious Fraud Office investigation, a slew of potential legal challenges and question marks over the £50m in escrow - which could endanger the 100p-a-share cash return pencilled in for 2017 - leave us bearish on the business. Sell.

Last IC view: Sell, 235p, 1 Jun 2016"

[rogthepodge] 22/9/2016 22:28

good, then Slater and Gordon shares will soar tonight (not) LOL

the market does not seem impressed by SGH's prospects on this one

FFS! SGH said time after time that it had done due diligence in extremis

will not sound good in court

caveat emptor and all that

(and I hold no WTG, only SGH and REDD) in this sector

[ionlypostafterbbms] 22/9/2016 21:08

And they're off!

That's the cash return tied up in Court for the next several years.

HTTPS://www.thelawyer.com/issues/online-september-2016/slater-gordon-drafts-olswang-bring-quindell-lawsuit/

The Lawyer

Olswang Slater & Gordon Litigation

Slater & Gordon drafts in Olswang to bring Quindell lawsuit

By Tabby Kinder 22 September 2016 14:33

Slater & Gordon has instructed Olswang to sue Watchstone Group over its £673m acquisition of Quindell last year, The Lawyer understands.

Olswang partner Jeremy Mash is understood to be advising the firm on a number of possible options for the case, including whether to bring it in London or Australia.

Commercial litigation partner Mash was made up to partner at Olswang in 2006. Recent client work includes defending the BBC and representing the winding up committee of Kaupthing bank.

Slater & Gordon announced to shareholders it would sue the group over lossesassociated with its acquisition of its professional services division Quindell earlier this week.

The firm suffered a £493m loss in the first six months of the 2015/16 financial year after an FCA investigation into Quindell’s profit figures led to the numbers being restated.

The FCA case closed to make way for an investigation by the Serious Fraud Office (SFO), which is ongoing.

It is understood Slater & Gordon’s claim will see it attempt to recover £50m of the purchase price of Quindell, which is currently held in an escrow account.

Slater & Gordon is itself facing a lawsuit over the timing and accuracy of the information the firm released to the market regarding its acquisition. Australian firm Maurice Blackburn has launched a class action against Slater & Gordon on behalf of those who acquired shares in the business between 1 April 2015 and 24 February 2016.

Slater & Gordon, which is listed on the Australian Securities Exchange, has seen its shares plummet 95 per cent since April last year.

The value of the shares depreciated due to the acquisition of Quindell but also due to proposed legislative changes in the UK that could overhaul the way road accidents are handled.

[rogthepodge] 22/9/2016 20:32

I want the real troll

not his little helper

[lydnem] 22/9/2016 15:23

are you getting lonely?

[rogthepodge] 22/9/2016 12:47

interesting how all the troll(s) come and go at the same time

isn't it?

[rogthepodge] 21/9/2016 17:38

where is the troll

a bit distracted by events?

lol