Watchstone Share Discussion Threads

[kemche] 15/5/2017 13:33

'rog', so am I. From AUS$8.

[funkmasterp12] 15/5/2017 13:25

SK - that's very interesting and surely RNS worthy for Watchstone? I know they've stated several times they are going along with SFO requests etc but that feels like a new development.

[rogthepodge] 15/5/2017 13:23

pleased to hear it 'kemche'

that is why I am long SGH

[kemche] 15/5/2017 10:52

I remember Redde - if that helps at all.

[lydnem] 15/5/2017 09:27

No argument required numb nuts

[rogthepodge] 14/5/2017 17:09

well argued, Lydnem

[lydnem] 14/5/2017 13:34

numb nuts, youre an idiot

[rogthepodge] 13/5/2017 16:31

Aviva Canada? wtf?

[ettienne1951] 13/5/2017 12:40

Whatever happens, WTG will be spending more time and cash defending several legal claims against them. Aviva Canada won't be a pushover and S&G is going to court whatever the WTG Board think of the potential strength of their misrepresentation case. Matters are slowly coming to a head.

[lydnem] 12/5/2017 17:14

Numb nuts

I forgive you, for you know not what you do

[lydnem] 12/5/2017 09:05

numb nuts....just look at interest rates old son!

[grahamhacker] 12/5/2017 07:24

Grant 62 - Hot Copper"Grant624,570 posts.Date: 12/05/17Time: 10:39:49Post # 24647133?The question is why SGH didn't act on this alleged fraud, misrepresentation etc in a timely manner and obtain an injuction against Watchstone distributing 415m GBP to their shareholders in December 2015.They were still crowing about it, all the way into the 2015 AGM and beyond. Even the re-confirmation of forecasts going into December 2015 reflected this. It was only later on, in mid December 2015 that things started to change a bit and the F16 forecasts were abandoned, but still the rosy ventures talk continued NWS the write downs that had also occurred (as reflected in various announcements etc along the way - H16, F16, etc).Note for example this from 17/12/15:----"Slater and Gordon Limited ("the Company") confirms that Slater and Gordon Lawyers (Australia) and Slater Gordon Solutions (SGS), excluding noise induced hearing loss (NIHL), are continuing to trade in line with expectations. However, lower than expected trading results in segments of the business in the UK in November, coupled with the commencement of a review of the Company's approach to financial forecasting by new Group Chief Financial Officer Bryce Houghton and independent advisors appointed by the Board, has resulted in 2016 financial year guidance being reconsidered."So, it was the UK legal business that was giving grief at the time, not SGS, something which was most recently echoed yet again as part of the H17 results.That's the problem - they were either blinded by their belief, blinded by their sight, or blinded beyond belief as they were taking their primary guidance from themselves.No doubt, SGS was an overpaid for acquisition (variously recognised at the time in terms of the hefty multiples paid, the subsequent admissions of "price for bulk" by Skippen in The Director, and also with the benefit of hindsight by all concerned). But whether this was due to WTG or to SGH and /or its advisers - well, then, that's a tale for someone to tell."?

[rogthepodge] 12/5/2017 01:59

Kendo, in this country, it is maths

[rogthepodge] 11/5/2017 15:17

I don't think that you understand markets, old fruit

when has an asset price ever fallen below zero?

[lydnem] 11/5/2017 14:49

Numb nuts, Im sure they would make an exception for you and go deep into negative figures

[rogthepodge] 11/5/2017 14:09

Lydnem11 May '17 - 08:00 - 3003 of 3006 2 0
If they did an index on your IQ, I would short that


Since the consensus on my IQ is zero

shorting is just the kind of strategy that you would employ, Lydnem

[owenski] 11/5/2017 14:08

lol, is this rubbish still going, it's not even a business just a pile of dwindling cash to pay BoD wages. SGH had better get a move on before the cash pile gets smaller.

[kemche] 11/5/2017 09:57

I think someone should form an action group.......................

It has all the hallmarks of an international shorting cabal if you ask me.

[geoffreen] 11/5/2017 09:43

the never-ending saga.