Share Name Share Symbol Market Type Share ISIN Share Description
Watchstone Grp LSE:WTG London Ordinary Share GB00BYNBFN51 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.50p +2.56% 100.00p 97.50p 100.00p 100.00p 95.25p 95.25p 48,476 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 58.3 -178.0 609.0 0.2 45.82

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Date Time Title Posts
01/11/201709:47WATCHSTONE GROUP PLC3,228
31/8/201711:38Watchstone Group Share Price Chat (was Quindell)101
30/7/201614:10Is Watchstone (ex-Quindell) Group going to 0p before the end of the year? 33

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Watchstone Grp (WTG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-22 16:51:0598.103,7523,680.89O
2017-11-22 16:35:38100.008,7328,732.00O
2017-11-22 16:35:28100.0011,26811,268.00UT
2017-11-22 15:59:5099.011312.87O
2017-11-22 14:46:3098.78177174.83O
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Watchstone Grp (WTG) Top Chat Posts

DateSubject
22/11/2017
08:20
Watchstone Grp Daily Update: Watchstone Grp is listed in the Software & Computer Services sector of the London Stock Exchange with ticker WTG. The last closing price for Watchstone Grp was 97.50p.
Watchstone Grp has a 4 week average price of 95p and a 12 week average price of 80p.
The 1 year high share price is 1,013.83p while the 1 year low share price is currently 80p.
There are currently 45,822,708 shares in issue and the average daily traded volume is 26,931 shares. The market capitalisation of Watchstone Grp is £45,822,708.
16/10/2017
17:17
grahamg8: Agree with you lorentz and apologies to everyone. The H1 report doesn't say if the NAV includes the escrow money or not. But the cash figure excludes the escrow money. And on checking the financial statements the current assets exclude the escrow. So NAV at 30 June was 143p and if successful in defending the S&G claim add another 109ppm. Lots of litigation and no doubt some pretty wild swings in share price. Just like the good old days of Quindell.
16/10/2017
10:24
rogthepodge: So good news for WTG then, Sweetkarolina. SGH share price hasn't shifted on this announcement.
12/7/2017
21:44
cheek212: It's quite clearly set out on the WTG website - you just need to do some research and it is clear that the trading entities are growing substantially, coupled with the cash element, the escrow and maybe one day some NIHL money albeit I don't think they will ever see any of that. One of the trading businesses that was still loss making has been sold in the past few weeks for a substantial sum further bolstering the cash pile. I believe in the bad old days IIs represented roughly about 25% of the shareholding here but now believed to be more like 60% with 51% being declared, maybe higher. IIs don't just buy for fun especially when they are buying a business that is being supposedly sued for over £600m!They've done their research and they are showing what they think about the chances of success of this claim - and once this settles the share price will rally hugely as PIs try and buy back into a hugely under valued share. Just my thoughts on the matter.
28/6/2017
09:12
bbmsionlypostafter: khitchen 1 Jan '16 - 18:40 - 539 of 3071 so what is the true value of WTG does anyone know, I do not know, can any of you clever fellas help with a clue ............................... Simon Cawkwell 1 Jan '16 - 19:20 - 540 of 3071 khitchen, My guess is upwards of 500p. This litigation conceived by My Legal Friend is balloney as far as the share price is concerned. When? End December 2016? SC
28/2/2017
09:38
dalesiders: Barristers warned over law firm Slater and Gordon’s rising debt REBEKAH CAVANAGH, Herald Sun VICTORIA’S top barristers have been warned not to do business with Slater and Gordon unless paid beforehand amid concerns about the embattled law firm’s rising debt. List A Barristers, which represents almost 80 commercial barristers, sent a memo to its members on Tuesday “strongly̶1; recommending work requested by Slater and Gordon “only be undertaken once we hold funds”. In the email, seen by the Herald Sun, List A Barristers senior clerk and executive director David Andrews tells its members: “I strongly recommend that if you have any unbilled work you have undertaken on instructions from Slater and Gordon, you prepare and send an account forthwith. “I recommend even more strongly that any new work offered to you by Slater and Gordon or ongoing work requested by the firm only be undertaken once we hold funds in OUR trust account. “It is far preferable that we hold trust monies rather than the firm doing so.” The warning comes as Slater and Gordon faces increasing financial pressure and is at the mercy of its lenders, with their share price yesterday plunging 22 per cent to just 9.8 cents. The company revealed earlier this week, in releasing its financials for the six months to December 31, its debts exceed its total assets by $126 million. Its cash flow is also $11.4 million in the negative. Shareholders have been worryingly watching the business closely after its share price collapsed from an all-time high of $7.85 in April 2015. The decline came following the purchase of its UK business in March 2015, which led to a loss of $1.02 billion the next financial year. The firm has been given until May 26 to plunder a deal with its bankers on a restructure plan. If unsuccessful, it could be made to repay a $738 million loan within 14 days. Mr Andrews would not discuss the email when contacted by the Herald Sun last night. “I’m not going to talk about that,” he said. Slater and Gordon spokeswoman Kate Van Poelgeest said the firm would not comment on “rumours sourced from leaked memos”. “Slater and Gordon has enjoyed strong relationships with Australia’s leading barristers for many decades, through good times and bad and we expect to continue to enjoy those strong relationships for many decades to come,” she said.
16/2/2017
01:30
ionlypostafterbbms: Shareholder wipeout imminent. The share price is 20 cents now, not the 27 quoted in the last sentence when this was written a couple of hours ago. HTTP://www.smh.com.au/business/slater-and-gordon-domestic-revenue-down-20170215-gue0zr.html Slater and Gordon pushes restructure as Australian performance weakens Slater and Gordon has pitched a life-saving debt for equity swap to its bankers as it revealed its trading performance was weaker than expected. BusinessDay understands the initial deal put forward by Arnold Bloch Leibler and investment bank Moelis has not yet won over the group's bankers, but talks are continuing. Sources said the deal had been structured in a way to snuff out the impact of a $100 million-plus class action by restricting the assets that can been called upon in a settlement or court-awarded damages claims to the company's insurance. Slater and Gordon confirmed on Thursday morning weeks long speculation that it was working with its lenders on a recapitalisation plan. The plan is expected to take the shape of a debt for equity swap that would see its lenders take up shares in the entity, which has been financially struggling for more than a year. Slater and Gordon also said revenue from its Australian business, previously the highlight of its weakening results, was lower than expected for the first half of 2017. "Slater and Gordon's Australian business has more recently started to show signs of being impacted by negative sentiment about the business and increase competition in key segments," the company said in a statement to the Australian Securities Exchange. It also said earnings from its UK business were lower than expected. Still, the company said its first-half normalised earnings and cash from operations from its UK arm would be an improvement on the prior corresponding half. "The company is projecting stronger billed revenue results in the second half of 2017 as it continues its UK performance transformation program," the company said. Slater and Gordon has been in financial trouble since midway through 2015, when accounting issues were discovered shortly after its $1 billion purchase of the professional services arm Quindell. Since the disastrous acquisition, Slater and Gordon's share price has fallen from more than $8 to 27¢. More to come
12/10/2016
12:30
dalesiders: Companies Compensation sought in class action against Slater and Gordon Slater and Gordon managing director Andrew Grech. Pic: Britta Campion The Australian 12:26PM October 12, 2016 Save Share on Facebook Share on Twitter Share on email Share more... Daniel Palmer Business journalist @Danielbpalmer Maurice Blackburn today filed a class action against stressed law firm Slater and Gordon in a bid to recoup losses for shareholders from a share price collapse tied to a calamitous UK expansion. Confirmation of the $250 million-plus class action, among the largest ever shareholder class actions in Australia, forced beaten-down Slater and Gordon shares 6 per cent lower in morning trade. It also came as ACA Lawyers said it was finalising its own class action against Slater and Gordon, hinting an intention to press forward shortly. The previously-flagged class action from Maurice Blackburn relates to any investor who purchased Slater and Gordon (SGH) shares between March 30, 2015 and February 24, 2016, a period in which around $2 billion was stripped from the law firm’s valuation. At the heart of the complaint is queries on the due diligence behind the disastrous $1.3 billion purchase of the professional services operation of UK-based Quindell, which was primarily funded through a $900 million capital raising, as well as activities leading up to a sharp downgrade in profit guidance. “The statement of claim alleges that … SGH made false and misleading statements, engaged in misleading and deceptive conduct, and/or breached its continuous disclosure obligations to shareholders which prevented shareholders from being able to make informed investment decisions based on complete, accurate, and timely information about the Quindell acquisition and the true state of the company’s overall financial position,” Maurice Blackburn said in a statement. “It is alleged that SGH contravened various provisions of the Corporations Act, ASX Listing Rules, the Australian Securities and Investment Commissions Act and the Australian Consumer Law, and that these contraventions caused the price of SGH shares throughout the period to be higher than would have been the case had the true state of affairs been known.” Maurice Blackburn said it would also make the argument that if the true risks of the Quindell purchase were known, the capital raising and acquisition would not have proceeded. The firm added compensation sought for affected shareholders would be of a “very significant magnitude”. “The sheer scale of the alleged wrongdoing, its impact on the share price and the number of shareholders affected mean that this case will be one of Australia’s largest shareholder actions,” Maurice Blackburn national head of class actions, Andrew Watson, said. “In addition to the hundreds of millions of dollars in losses our registered clients have suffered, we’re also protecting the interests of all other relevant shareholders by filing an open action, bringing the total claimed losses to more than a quarter of a billion dollars.” A separate class action is likely to be pursued by ACA Lawyers, with the firm saying it was shoring up a case that would seek to recompense affected investors through a longer period than the class action pursued by Maurice Blackburn. ACA detailed the prospect of a class action on December 18 and today announced its investigation had discovered “potential misconduct” as far back as Slater and Gordon’s FY2014 results. “It is important we ensure we identify all losses suffered by shareholders that may be the result of Slater and Gordon’s misconduct,” ACA principal Bruce Clarke said. “We are taking the time to ensure we make the strongest case possible to recover the maximum possible losses on behalf of Slater and Gordon shareholders.” Shareholders who bought shares from August 12, 2014 through until February 28, 2016 will likely be eligible to participate in the claim. In a statement this morning, Slater and Gordon said it was yet to formally be served with papers relating to the Maurice Blackburn-led proceedings. “Slater and Gordon will inform the market if a class action claim is served on the company.” The group’s shares skidded 6 per cent to 39.5c by 11.40am (AEDT).
26/5/2016
16:18
henchard: Meanwhile, turning to the financials, what is the potential upside for investors buying in today? On 9 November WTG said: "Following the Return of Capital, in addition to its operating businesses, the Company expects to retain approximately £90 million in cash. The Group has a further £55 million held in escrow accounts relating to the Disposal and the Company retains rights to contingent consideration estimated to have a current value of approximately £39.6 million." Per the WTG website: Current total shares in issue 46,038,333 as at 04 May 2016. So, £90m retained cash = 195p a share. £55m in escrow = 119p a share. £39.6m current value of NIHL cash from SGH = 86p a share. Total = 400p a share. Current share price: 223p. Upside on this basis close to 80% with no value for the retained (loss-making) businesses. I reckon WTG will get the £55m (119p a share) in escrow. S&G screwed up on their DD; their own fault. So, what is the current retained cash? How much cash have the retained loss-making businesses lost? What have been the cash corporate costs since November? What have been the legal costs? Has WTG settled any My Legal Friend shareholder claims or booked them as provisions or contingent liabilities? I would say all these things are big unknowns. As a potential investor, I'd be happy to work on the basis of current retained cash available for distribution of £60m (130p a share). So, + escrow cash = c. 250p a share (upside 12% from current share price). Then the thorny problem of NIHL cash from SGH ... Arghh, low battery ... but numbers above may be some basis for serious discussion of the financials, and current value ...
30/12/2015
12:52
loobrush: from iii What is the value of Watchstones Shares now. £5.32 per share maybe ? Looking back at accounts of Watchstone I have carried out calculations on what the share price might be. Watchstone have stated that after payments of 90 p per pre-consolidation share they will have appx £90 million cash left. (see RNS dated 26 Nov) ( the £90 million I have assumed is the value at Dec 31 this year so this would include any losses up to that time) So with 45 million shares now in issue this equals cash of £2.00 per share As well as the £90 million cash held they have reserves of a further £50 million in escrow and a contingency of £39 million total £ 89 million.( see June accounts) If this is added in this would give an extra + cash per share of £1.97 per share. Making a total of £ 3.97 cash per share. This is the share value based on cash only.. However, if we look at cash plus other assets. Assets at June(excluding cash) were £151 million (see June accounts) This equals £3.35 per share. So assuming assets are the same at today’s date as June this gives us figures if added to the cash only values as follows :- 1.Cash only + assets. £2.00 + £3.35 = £5.35 per share 2.Cash + reserves cash + assets. £.3.97 + 3.35 = £7.32 per share By my calculation these are today’s values, so one might expect the share price to be somewhere near these values dependent upon how long and at what cost it will take to reach profitability. One would have thought that the cash only +asset value of £5.35 per share would be a fair price as that assumes the reserves and escrow figure of £ 89 million should be enough to reach profitability. We shall see how accurate my figures are when next accounts published. But what should the share price be TODAY. The share price should in any event be underpinned by directors buys at £1.96 & £2.57.
30/11/2015
15:29
martinbaker: Quindell (QPP) is now Watchstone Group (WTG) and the shares are now listed on AIM. http://uk.advfn.com/stock-market/london/quindell-QPP/share-news/Quindell-PLC-Results-of-General-Meeting/69486450 The WTG share price opened at 96.75p on 27th November. Watchstone Group shares will be suspended at 7:30am on 16th December for the court hearing. What are your predictions for the WTG share price? Let's try and avoid ramping and bashing and get some ideas where the share price will be after the court decision!
Watchstone Grp share price data is direct from the London Stock Exchange
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