Member Info for Dar-

Hello TruroTrader,

Personally I am bemused by TPG progress on the anonymous targets - last year the BoD strongly inferred it was a "done deal".
"So are we exercising Due Diligence to the Nth degree or just sitting on our hands?" There is a 3rd option the cash raised is to be used to fund the company and "absorb" the losses incurred each year.
There is a distinct possibility that misleading information was released to investors.
ATB

And this will go on for years. You are correct no capital repayment until approved by Court as Watchstone have to prove they have the reserves to pay all long suffering shareholders,and no liabilities.

By the time it is settled - we will beat the Aussie in two test series. Oh BTW I don't like the Aussies cricket team - they cheat.

HI GS,
You have "hit the nail on the head" why the fine was a a minor amount.

Morning addicknt, Rather than fine KPMG, why not suspend their license for two years. I can "hear" the cries of anguish. Now that would really hurt and make auditors "sit up and take notice". It won't happen - I am just dreaming

Hi Grayling, No surprise, just understandable. RR are a sound company.

Hello Addicknt, How on earth is the SFO taking so long to conclude it's investigation when others have already reached their conclusions? Basically the management of Quindell is not the same as Watchstone, so in essence do we want the SFO to continue and take action against Watchstone the answer must be NO.......... I do agree the SFO should say so and IMO the SFO have taken suffice time to reach a conclusion. ATB DAR

Seriously watching, but not at the moment. Maybe next Monday / Tuesday. The reduction in share price was IMO excessive. The markets can be brutal Thanks Matt

A couple of further points:- 1/ I am unhappy that TPG still record a loss (year-on-year). I would have expected to see profit (albeit a small one). 2/ Does anybody know the totally number of shares that have been issued?

Good morning TT, The fund raising was in July 2017 and we were led to believe that a number of companies has been targeted. The purpose was to acquire new businesses and over 20 Mill was raised. And you are correct only one purchase made a little strange. Come July 2018 (anniversary of the fund raise in July 2017) I for one will become very impatient.In answer to your excellent question "Has anybody any idea what's going on?" Is NO clue and I can't even start guessing. ATB

I do agree with everything said I would think the BoD knew of the potential black holes at least 3 years before the sh*t his the fan. Regrettably, all the deceptive, dishonest and incompetent Management, will receive is a rap over the knuckles and possibly banned as directors for a short period of time. As always - many good people suffer because of the greed of a few....... Those 'guilty' will not be punished and PI's will be out of pocket. Isn't the first time this has been allowed to happen and won't be the last. Really sorry for all ATB DAR

Hi all, First quarter trading update and the good new keeps coming :- Howden Joinery trades from 664 depots in the UK, with 3 new depots opened so far this year. We plan to open up to around 30 new depots in the UK during 2018. We are on track to refresh our product offering and expect to bring 19 new ranges to market during 2018. Next scheduled announcement The Group will release its 2018 Half Year Report on 26 July 2018. Pleasing to note a really positive and upbeat statement. ATB

First of all I must say congratulations to the BoD of Watchstone for closing this chapter in Watchstone to the benefit of shareholders both past and present., as addicknt has said this is very good news. And many thanks to GS for highlighting this developmemt. Good work

Ah right, I did miss that 7. Post balance sheet events Settlements with former management and former vendors In January and March 2018, the Company agreed settlements with former management. The 31 December 2016 Financial Statements referred to an investigation by the Group into expense claims submitted by Mr Robert Terry and payments made to him by the Group during his period of employment and related litigation. In January 2018, Mr Terry (together with his wife and former employee, Mrs Louise Terry) and Watchstone settled certain respective claims arising out of Mr Terry's contract of employment with Watchstone, the settlement agreement entered into when Mr Terry departed Watchstone in November 2014 ("November 2014 Settlement") and a separate agreement relating to works done at Quob Park (the former head office of the Group) ("Terry Settlement"). Under the terms of the Terry Settlement, Mr Terry waived his right to receive �280,000 under the November 2014 Settlement and Mr and Mrs Terry paid Watchstone �800,000 (in cash). These items, arising after the balance sheet date, have not been included in the results of the Group in the year ended 31 December 2017. The amount of heartache and grief I have suffered over Watchstone amount to far greater than �800k. I expect your "bill" would be even more

Morning GS, I did read the notes on the RNS, very interesting read. There were more pluses that previous years. I was pleased that the accounts were released in April, last year it was September, so IMO Watchstone are more investor orientated and that cannot be a bad thing. I agree with your observation of yesterday - not until 2019. Cheers D

Hello Matt, The stop loss I set a short while ago, kicked in today. Disappointed but a nice profit. Take care and ATB David

Yep, you are correct, there will always be buy & sell. Prices will fluctuate. Long term hold. As I live on the south coast, 15 minutes from the sea side, so a short walk

Hello Makesmewonder, No I doubt VANL would be a takeover target. Just a time to improve the trading position and recovery from the scenario re: Carillion. ATB

Well I'll give an observation - for what's it's worth................. VANL incurred a �1.6 million bad debt from Carrilion, that will impact on cash flow and future sales. Recent turmoil on board of directors will take time to stabilize. Times will differcult ATB

Hi all, I saw this on BG Legal following a report by KPMG "SGH would enter into administration in May of 2018, when 'amounts due under the syndicated facility agreement' are payable". I wonder was this the posting previously referred to?

Hello Matt, Absolutely brilliant. I don't often set a stop, but I decided to lock at �5.48, reasonable close but I have made an excellent profit - in truth I would like to see RST run & run. David