eagle51
07 Jan 2016
Re: Weather..and other matters My post wasn't about the weather, WL. I'm not posting for a while (anywhere) but since I'm here I'll answer your question. Yes, I'm still in at WTG and have added recently. The update will tell us more. I'm more interested in SGH at less than A$1. Short interest should reduce medium term. Looks like target earnings will be missed but surely not by enough to justify the recent hammering. Gearing's a bit high but should be manageable. I'm not making any recommendations. I like risk when I understand it and the potential rewards are high. I don't like what's gone on here. GL
weblogic
07 Jan 2016
Re: Weather..and other matters Hi Eagle.Yes the UK weather, certainly up north is pretty wet of late..I take it you`ve been `away` for a while...not seen any briefings from you of late.I was reading one of your posts on WTG.. called `Whats Watchstone`, when you were in usual good form..Are you still holding/building on these, and what are your thoughts `post` then court action and return of funds...I see the directors have given the thumbs up, and have now invested cash into the new entity.I`m presuming they have confidence in the new business and future prospects, so maybe WTG could be one of this years `recovery plays`.We`ll know more when they release further updates, presumably in coming weeks.My hunch is they have been quietly networking over recent months, and have some options up there sleeves. I`m expecting they will likely go for some tie up over telemetrics, which seems to be gaining favour as a concept.Will they sell other assets, and pair down to 3 core businesses. It could be that various `merger options` are crafted, creating more substantive businesses in all 3 main areas.. Valuations for these is hard just now, but they have said they were planning to return more cash to `holders` I believe.Assuming no severe actions hit them, and the business does actually have good cash flow prospects, and that the new board can establish good street cred and overcome the huge damage done over recent years to its reputation and image, I`m thinking this could have a half decent chance of `coming good` for its stakeholders..The other plus point is the cash in the business, which must also be a strong incentive for potential `buy-out` players.Interesting situation...and will any `recovery funds` step in and take a chunk of this, maybe as a lead in to a buy out of some kind.
eagle51
06 Jan 2016
Weather It just never stops raining.I was slow to spot the last two MN weather reports from overseas - apologies. Tried to send updated UK report just now but delivery failed. No cause for concern at this end that I know of. Can you let me know where to send the report (inc most recent forecast)?
Guitarsolo
22 Dec 2015
Re: Residual Value "We think existing shareholders should hold, and speculative investors with some patience might want to buy."I wouldn't!Not because I disagree with the thesis of the residual value of the cases and whether patience will lead to a decent return, it's just.....I DON'T TRUST THE MANAGEMENT ANY MORE!Lord Whatshisface should be issuing an apology to all investors who have been mislead and betrayed by a management that worked entirely for their benefit and that of their cronies and not for the benefit of shareholders. Ever heard of fiduciary duty? I count myself as fortunate to have got out when I did - but if you read the comments over the last 18 months on this BB you can't say you weren't warned by Eagle51 and others. Guitarsolo
delyss
14 Dec 2015
Residual Value McHattie (www.tipsheets.co.uk) in their excellent Investment Trust Newsletter says,"shareholders must now focus on the value of the remaining cases. The end of June NAV estimate was US$149.6m (86p per share). Knocking off US$7.4m from the 5009-S case and adjusting for the current more favourable exchange rate . . means that the sterling NAV should still be close to 86p per share by our reckoning. . . We think existing shareholders should hold, and speculative investors with some patience might want to buy.
SonOfBuffett
14 Dec 2015
Legal & General L&G steadily increasing their stake in the company. Now around 11% Thoughts anyone?
Greyinvestor
05 Dec 2015
Outsourced investments I am breathing a deep sigh of relief at having exited this stock a while ago, and switched the money into BUR, which is in the same sector and has done well, so far. It does make me wonder......I think that the root cause is that this company completely outsourced it's business to a third party, thus ensuring two layers of costs and no control. Exactly the same thing happened at ALPH, a REIT, and it too collapsed. Whereas BUR handles everything 'in house'.As to how much value is embedded in this business, I guess it depends upon the cost of exiting the old and the new third party relationships, both of which may demand performace fees. It's going to be a messy exit unless a third party like BUR buys up the entrails. It could go on for a while.........
Krayl
01 Dec 2015
Re: Closing the Shop The SP is now about half the supposed NAV, so I am guessing there is some more bad news that only the insiders know.
SonOfBuffett
23 Nov 2015
Closing the Shop I guess the real question now is 'How much cash will be handed back to the shareholders before Juridica close the shop'?
SonOfBuffett
23 Nov 2015
Re: Legal & General My thoughts exactly fraine4. The RNS shows share holding before and after the transaction - but who was(were) the seller(s)?
fraine4
20 Nov 2015
Re: Legal & General RNS articles are never clear if a client is Buying or Selling shares and I assumed with the drop in share price that L&G has sold shares. But reading the RNS above section 5 implies they have increased their holding from 3 to 9%. Am I reading this correctly? Why should the share price plummet if there is a major buyer into the shares?
fabrav
19 Nov 2015
Re: Legal & General [link]
Tom Buidhe
19 Nov 2015
Re: Legal & General why not post a link to your evidence?
SonOfBuffett
19 Nov 2015
Legal & General It looks as though L&G and nearly tripled their share holding in Juridica? Now why would they do that?
Krayl
18 Nov 2015
Winding up At the last half yearly update the NAV was $149.6M. Since then we have been told about a loss of $7,4M to the NAV. That equates to a current NAV of 84.5p per share.That is IF there is no more bad news to come and IF we believe what we are being told.On this basis JIL now becomes a good buy. I have done well with other companies that have wound up, but I am very wary of JIL given the management record. Any thoughts?
