Member Info for Dar-

The link to the BoD has been re-instated.
Chairman Andrew McCree
CEO Phil Cartmell
CFO Derren Stroud
NED's Phil Holland and Jeremy Warner-Allen
ATB
DAR

Hello Max,
Yes, very valid, I will await a reply to my email (nothing received as yet).
Not overly relevant but I wasn't overly happy, how my telephone call was handled, almost secretive.
BTW on the website this morning and the link to the BoD has been removed. Now that is strange.
Yours, DAR

Hello Max,
Still trying to find a solution, so I have just telephoned TPG and and asked for an exact update on James Norwood and Jon Constable.
Neither James or Jon were in the office and no comment.
I was advised that no information was available on the telephone but I was to sent an email to info@TPGroup.uk.com
Email sent and I am awaiting a reply.

Hello Max,
All I can say is according to TPG website there is no mention of James Norwood.
The website only mentions three directors Chairman, CEO and CFO.
So whilst the RNS was correct, then the website of TPG needs to be updated.
I am not trying to mislead.
ATB

Hi Max,
I am now even more confused for I have just looked at TPG website, (it has changed since I last looked). Jon Constable was appointed as a director in February 2018 but is not shown on current BoD. There is no mention of John Norwood as corporate director <or any directorship>.
So therefore I am baffled.
ATB
DAR

Hi Max,
I recall Killck from years ago and they are not a law firm, according to their own website they are "Killik & Co is a British retail investment company and independent Partnership, providing advice on savings, planning and investment.
Basically a firm of brokers and this my own opinion "their advice is suspect".
I am waiting for news from TPG but like TT I don't think holding £20 mill is good business. In July 2017 TPG inferred that 20 acquisitions were actively been look at, since then TPG have issued very little news re: £20 million.
I am not comfortable..................
ATB

Hello GS,
Just a quick point (not sure if relevant), for I have just looked at WTG website. The CEO - Stefan Borson holds 300,000 shares and from my memory these were actually purchased just prior to becoming CEO after Indro departed.

Not sure when Stefan was made CEO.
ATB

Hello Furball,

According to GS "Why would you bother paying them when they don't even have the confidence to press ahead based on their 'professional' opinion of the validity of the claim?
Please consider their history/success rates and the appalling case of lying witnesses.

Their records is APPALLING.................... Avoid and yes I am biased.
DAR

Hi Sister8,
I have provided some key figures from the interim account posted August 2018 and they infer a very good year ending 31.12.2018, HIK sit in my portfolio for some time and I have no reason to sell. as you say a stable pharma. I was glad to see the level of debt was reduced. IMO that could be an issue.
ATB
DAR

Group revenue of $989 million, up 11% and in constant currency up 10%1

· Operating profit of $174 million, up 54%

· Core2 Group operating profit of $214 million, up 22% and up 23% in constant currency

· Core basic earnings per share of 61.4 cents, up 35% and up 38% in constant currency

· Basic earnings per share of 44.0 cents, up 53% and up 57% in constant currency

· Cashflow from operations of $185 million

· Net debt reduced to $501 million (31 Dec 2017: $546 million) and healthy leverage ratios maintained

· Interim dividend of 12 cents per share, up from 11 cents per share

· Guidance raised for Injectables and Generics businesses and reiterated for Branded business

Good morning TruroTrader and all,

I totally agree with your comments, or a least some "progress". On another matter I personally like to see £1 million in my bank account, but I accept that won't happen......... lol.

Due on Tuesday according to the relevant RNS. Would like to see £17/18 Mill revenue and maybe at long last a profit! The last 2nd half-year was £15.6 so not an impossible target.

Re the acquisitions (or more properly the lack of them). In the main market a fund raising for acquisitions which was subsequently spent differently on other things may possibly give rise to a miss-leading the market charge. AIM is less tightly governed but as this fundraising would probably have been discussed by the BoD some 18 months or so ago and they would have to have the targets to get the II's on board this lack of info is not a good thing, particularly as the fund raising targeted July 18 as the final purchase.

I really can't comment on the lack of about the BoD progress on the acquisitions that were mentioned in the funds raised in July 2017.
If this money was "used" to enhance existing business (training or new equipment) then the BoD should advise the PI's. Just sitting on the funds is poor business. Will all know about the AIM.

Best wishes
DAR

Like you I am also baffled - I will check and watch today. Could be an opportunity !

Hello addicknt,
Your observation re: my comment "Dar, you say the SFO inquiry doesn't 'help anyone';" is correct and I apologize that my comment wasn't totally clear.
If the law was broken and fraud was involved, those responsible need to be held to account. That includes the directors then running the company and the company itself. That is totally correct and I do agree with that observation --- however the directors that are now involved in WTG are not the Directors that were running Quindell, and IMO the former directors should be held accountable and not the current directors.
SFO should make their position on the current BoD and direct their enquirers the the directors of Quindell.
I most certainly have no wish to "brush anything under the carpet.

Hi all,

On the recent RNS Watchstone has updated on the current legal actions

We continue to address a number of historic matters including the Slater & Gordon claim which is expected to go to trial in late 2019. Our position remains that Slater & Gordon's allegations of deceit and the associated breach of warranty claim are wholly without merit and should never have been advanced.

IMO late 2019 is slightly optimistic, but good to get an update.

The SFO investigation continues and we are cooperating fully. It remains the only regulatory inquiry to which the Group is subject. Excellent we get an update. SFO could closed this inquiry, it doesn't help anybody.Â

There have been no further developments on the threatened class action litigation first announced in September 2015. This is YLF and IMO there will never be any action by YLF.

Apart from that no surprises.
Best wishes all

Interims expected end of next week based on feedback from WTG. Thank you I had missed that....
hope you are well and still enjoying some gin............... And keeping the new guidelines in mind !! :)

Am I missing something but neither trade 700k and the 1.3m is shown as a buy or sell. I would expect a RNS advising a date when interim accounts will be filed.

Hi TruroTrader,
I do agree, my thoughts are also negative, IMO TP Group should start recording a profit (I don't think they will). And a clear statement regarding any acquisitions planned. As you correctly say to hold 20 million for 1 year cannot be good business.
Regrettably, the sp will remain low until a clearer picture emerges.

On the 7th August the company issued the RNS --- interim results for the six months ended 30 June 2018 will be published on Tuesday 11 September 2018. Any thoughts on what we might see.

Very quite on the acquisitions, certainly positive news required.
Additional finance was raised in July 2017

Hi Matthew,
Even more pertinent was the following comment
The business and assets of TNT Business Solutions, which were acquired on 30 April 2018, performed in line with management expectations. Following completion of the acquisition, an initial enforcement order was issued by the Competition and Markets Authority which prevented the integration of the business. This order has now been lifted and the integration will proceed in the second part of the year.
The Group's Half Year results will be released on 17 September 2018.
I will be buying before 17th September for IMO the share price will shown a positive increase.

Hi GS,

Your observation "There's around £1.30 cash in bank;" made me smile. I really hope WTG have more than £1.30.

I have more than £1.30 in my pocket.

There are two downsides the claim by SGH and potential action by SFO, however IMO neither will happen for sometime (if at all).

Hope you have a good day
D

Hi TruroTrader,
I forgot to mention that a short while ago I tried to speak to TPG re: acquisitions from last year, I didn't get anywhere, however I was was advise that the a PR company - Vigo Communications - had been appointed to establish investment opportunities.Therefore TPG would be able to concentrate on the existing business.
In truth I don't know but ....................

ATB