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I have been away for some time with no time to keep up to date with this stock. I do / did hold and was massively down. Why cant I see a share price on yahoo finance? All details for the above seem to have vanished? are they still operating??
Hopefully something more sensible will materialise..
I read somewhere in the Telegraph that this was what is fueling the takeover stocks.. ie, the sharks are out looking for bargains.. Isn`t this what has DRIVEN SAINSBURY`S.
However, we`ll need to keep tabs on the latest tax options the tories are planning. That could put a damper on economic growth. but I have to agree that such social benefits cannot come free They do need to be careful regarding the pension crowd.. they are living on a knife edge and look to be easy targets
Yes, please enlighten us.
Wilfred.... what chatter about 'cash shells' are you referring to ??
Anything in particular?
Wtg is worth so much more than just cash in the bank !!
GLA
I see the BOD have poured `cold water` on the latest offer from Polygon.. and with much chatter in the market just now regarding the value of these `so called` cash shells it might be interesting to see what else comes out of the woodwork. Time for investors to keep the powder dry on this one I think.
Polygon`s latest offer...a very look warm pittance. I`m presuming the board will be holding firm on this?
So i ill be interesting to see what comes of the court case.. should it ever get that far.
I1`d expect a settlement out of court, which might lead to a return to shareholders of say circa £1 a share. thats just my guess.. anyone got other views on the progression of this matter
Absolutely. this bunch of asset strippers are having a laugh. Our board have been very clear in there efforts so far to maximise returns from this business. And yes. patience is required, but so far ther track record looks very good I`d say. And I understand that Polygon actually were running a short position against WTG.. and yet here they are trying to buy up the remaining stakes... no deal is my responce to that `offer`..
Well said, nor me. Their offer has gone down like a lead balloon, now they are sounding a bit peeved.
Polygon have extended their 34p offer until 31st August.
The RNS they have published strikes me as odd.
They point out that the realisation of contingent assets (the various litigation proceedings) may take some time to resolve; may not pay out as much as anticipated; may not go in the company's favour.
They also point out the continuing cash expenditure as the claims are pursued.
And, the odd bit: Polygon would be unlikely to accept an offer for their shares should such an offer be made.
In effect Polygon are saying Watchstone shares value is decaying but they're happy to hold on. In fact, despite what they see as uncertain assets, they want to increase their stake in the company from the current 30%.
It's evident that they see further value in the Group. So do I. I'll not be selling my shares at 34p.
Please ignore the link mentioned below.. anyone heard back from the Polygon crew yet ?
https://www.lse.co.uk/ShareChat=WTG.PL&share.asp?ShareTicker=Watchstone-Group-Plc&thread=2FF0CE30-10AA-42B7-A20B-26161CA8D524
My view is that we should hold for a better offer...
Just as a further point here.. you will know that the first closing date was 6th Aug.. have they decided to extend the dead line? Hopefully they have taken the hint from investors and decided either to significantly up the offer, or to withdraw and let the courts decide, or go for a signifantly improved offer to settle out of court...
Have you had as call from some group representing Polygon, asking qns like .... Are you a shareholder for Watchstone grp.?
and `have you had the paperork for the offer? then the crunch qn..
how are you intending to vote??
I`m wondeing if this was some kind of hoax..
Or is it getting to close to call??
Hopefully they will be booted out with there offer...
And thanks to the CEO, Mr Stefan Borson , for clarifying the company`s position regarding the offer , which they feel significantly undervalues the business. I`d like to wish Mr Borson and his team all the best in there pursuit of fair value from this episode
You are right, of course it does. I just hope the other PIs don't bow to the pressure to sell.
Watchstone Group plc – Cash Offer
It has come to our attention that our previous correspondence contained another error. This Cash Offer has not been unanimously recommended to Shareholders by the Independent Directors of Watchstone Group plc. The Board have stated that they will be obtaining independent advice in respect of the Offer and will make this known to shareholders in due course. We will write to you again once the Board have made a comment. We apologise again for any inconvenience caused by our error as it does not reflect the usual high standards of service that we aim to provide. If you have already submitted an instruction and wish to amend this, please contact us to do so. Please find a corrected version of the message below.
Lardy.....""Polygon seem to be a bunch of chancers.""
Not really.. just business men...out to make a profit...
If you could buy something for 34p that's actually worth over a £1 makes sense, right??
So to take an optimistic view.....
Polygon obviously bought those 500 shares to deliberately trigger a MANDATORY offer by crossing the 30% mark, right? Timed so they could get away with offering a paltry 34p !
So they know that their offer will be voted down !!
That will then leave them free to go on a buying 'spree' afterwards, hoovering up as many cheap Wtg shares as they can get their hands on, without having to offer another takeover bid ??
They will benefit from all the extra value that WTG's litigation/claims assets will provide.
Hopefully, as claims progress, that will push up the sp a fair bit for the rest of us as well!!
Anyone who has been in Watchstone for a while knows that their WTG shares are worth much more than just the company's cash balance!!
GLA
Well said that man... I suspect that most investors will be well satisfied with the retuns so far obtained, and would be willing to wait a bit longer to see the final outcome of this debacle.
Certainly, a figure that returns to the shareholders a figue that clears the £1.00p would be appreciated
Polygon seem to be a bunch of chancers. Trying to buy all the shares for 34p each is good business but if successful the PWC case could net 110p per share and the Aviva Canada thing could be worth a few pence as well but if we sell we see none of the proceeds and they get it all. They can buy my shares when all this litigation is over. I won't be agreeing to the offer at this time.
All well here. I've had the same from HL and ots also in the Offer document.
HOWEVER Watchstone Group has yet to issue and RNS.
Stefan Borson is a STICKLER for rules and protocol.
Michael Howard is QC.
Let's just see what happens, eh?
Hi scouser, trust you are well ?
Answering messages over on the other wtg board at the moment
https://www.lse.co.uk/ShareTrades.asp?shareprice=WTG.PL&share=Watchstone-Group-Plc
where someone is implying the company has stated acceptance (not that i know of btw) via their HL account.
I WONT be accepting the offer for sure and can't believe the nonsense that's being stated here and there regarding this.
Atb and to all invested here. Ktc
I've posted my opinion on the blueshare board for LTHs.
New faces with FUD just won't work here.
34p just means they don't really want the company.
Sleep tight....
And the demise is complete, writing was on the wall ages ago. Many undervalued firms are going to be snapped up for a song , post Covid.
Er, you seem to be overlooking the small matter of the 34p Polygon offer.
Everything else is moot until this has been decided one way or another.