Login:
Share:
Email Facebook Twitter

WGP Share Chat - RSS Feed

Worldlink Group Share Chat (WGP)



Share Price: 8.00Bid: 7.75Ask: 8.25Change: 0.00 (0.00%)No Movement on Worldlink Grp
Spread: 0.50Spread as %: 6.45%Open: 9.375High: 9.375Low: 8.00Yesterday’s Close: 8.00


Share Discussion for Worldlink Grp (WGP)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


southerndude
Posts: 454
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.00
after event insurance
12 Jul '12
My question came from the very excellent Jon510 posting at 0852 hrs on Wednesday
 
inktomi
Posts: 524
Off Topic
Opinion:No Opinion
Price:8.00
Update
11 Jul '12
The Case Management Conference is now taking place tomorrow at 10.30 in Court 2 of the Rolls Building. It is open to the public and is in front of a Judge not a Master. It will most likely be process based setting out dates etc which may lead to a trial date.
inktomi
Posts: 524
Off Topic
Opinion:No Opinion
Price:8.00
SD
11 Jul '12
Where did you get the "after the event insurance" thing from? There is a type of insurance you can get that covers the cost of litigation is it transpires but it is not cheap and must be in place before the case is started. It is rather like Private Medical Insurance in that you cannot expect it to cover pre-existing conditions. Worldlink would have needed to take this out before the actual Claim was issued.
southerndude
Posts: 454
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.00
fees
11 Jul '12
So.....I imagine that must be "no win ,no fee"
What is "after the event insurance" please ?
base147
Posts: 5,905
Observation
Opinion:No Opinion
Price:8.00
todays is the
11 Jul '12
day then peeps??
jon510
Posts: 432
Off Topic
Opinion:No Opinion
Price:8.00
fees
11 Jul '12
In order to pursue these actions, Worldlink has entered into conditional fee arrangements with leading Counsel and lawyers. The Company is also considering an application for after the event insurance.
southerndude
Posts: 454
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.00
expensive legal fees
11 Jul '12
One has to wonder where WGP will find the money to prosecute their case.
My experience of Michael Spencer is that he and City Index will have had very good advice at al stages of the process.
Could nevertheless be an interesting day !
inktomi
Posts: 524
Off Topic
Opinion:No Opinion
Price:8.00
Solicitors
10 Jul '12
I thought it might be interesting to note that the Solicitors representing City Index appear to be MacFarlanes. Those of you who know the legal sector will know these are legitimate heavyweights. Not only is Worldlink vs. City Index a David vs Goliath situation; so to is Candey LLP vs MacFarlanes. City Index must be very serious to have them on board - no expense spared. On the flip side, if Worldlink know who they are up against and how serious City Index are but are going through with it, they must also be confident. We all know what happened to Goliath. Increasingly fascinating.
southerndude
Posts: 454
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.00
Case Management Conference
10 Jul '12
It seems that Wednesday is a very important day for WGP.

Having re-read the financials to December 2010 and June 2011, the solvency is becoming a dire issue.
To my mind it would appear that, without a good result on Wednesday , then funding is going to become really difficult.
These two problems raise knock on issues with reference the completion of Accounts for December 2011
base147
Posts: 5,905
Observation
Opinion:No Opinion
Price:8.00
stillwaiting
10 Jul '12
what are u on about mate?



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.