oilovlam
29 Sep 2016
Re: SGH/PSD For all investors I was sorry to hear that S&G are taking things to court. I always thought that the escrow money would be contested but this is something else, isn't it?. S&G have lawyers sitting around twiddling their thumbs and they were always likely to use them against the former Quindell. What is strange is that the S&G CEO kept saying that he was happy with the deal, but I guess he wasn't willing to admit that he had paid over the odds.Legal action is always messy, expensive and the outcome never guaranteed. It will weigh heavily on the SP.Good luck to all investors.PS I heard that Terry had lost a million on his 'investment' in Daniel Stewart (stock broker), although I expect it was someone elses money.
Roger Baron
28 Sep 2016
Re: Capital distribution -CGT disposal Thanks Eagle, but I don't think any of that applies here, does it?
eagle51
28 Sep 2016
Re: Capital distribution -CGT disposal If it's for CGT calcs the following may be helpful:[link] cash received is treated as a part disposal (leaving you with a lower base cost to offset against future disposal proceeds - always assuming there are some!).
Roger Baron
28 Sep 2016
Capital distribution -CGT disposal Anyone know for sure what percentage of shareholding was deemed to have been disposed when the the capital distribution was made please?
seadoc
22 Sep 2016
Something Cooking Anyone nearer the kitchen?Seadoc
leperky
21 Sep 2016
Re: SGH/PSD - Winning streak yep all opinions welcome with me...a lot of peeps on sidelines, only the most vociferous often posting. I'm out today, slight loss i think, but not too bad considering!GL to all those remainers with strong stomachs....
deal-or-no-deal
21 Sep 2016
Re: SGH/PSD - Winning streak winning streak.... I really admired your reply. I myself was attacked from left right and centre a few months back when I made similar comments about the company being not Investor interest, and SELL!!!!!!!!Cheers.... Mate
Doggedly persevering
21 Sep 2016
Very clever.. ...the way they left such a low value shareholding in WTG from the Quindell wreckage that they are barely worth selling for most.They can then carry on with the primary purpose of the company, which is to manipulate the share price for the benefit of the insiders.
winningstreak
21 Sep 2016
Re: SGH/PSD - Winning streak When Quindell was looking good, I warned time and time again that there was a disaster in the waiting. I was attacked form all sides on thisBB, indeed I was told I belonged in a sewer. Nobody thanked me, or told me how right I was when the collapse finally did happen. Interestingly, I had been put on the 'Ignore' list by a number of the upbeat (earlier upbeat) punters.May I suggest to be careful owning shares in a Company where financially unpleasing messengers (messengers with opposing views)are put on Ignore lists.Cheers,ws
weblogic
21 Sep 2016
Re: Comedy - Correction Yes, this freudian slip was actually quite a clever way of telling shareholders that losses were only HALF what they listed.....Lets hope the trend continues...
kryptes
20 Sep 2016
Comedy More comedy from one of the funniest companies on the London market. It never fails to deliver. Can't even divide an earning number by number of shares in issue. Utterly clueless but very, very funny provided you're not a shareholder.
weblogic
20 Sep 2016
Mixed news of late.. A reasonably encouraging trading report, with improvements, and moves towards streamlining the business, and some potential M&A activity hinted at.It will be interesting to see what news emerges from that..The recent broker footnote also hinted at reasonable prospects, with price target set at near £3...The other news from S&G remains to be progressed....?Certainly after all the scrutiny that WTG has been through, you would have thought that the deal was fairly done. We`ll see what news follows, but I wouldn't think a protracted legal battle would suit either party.. And if some large `hole` has appeared, ..very strange that such has gone unnoticed previously, particularly with all the scrutiny that WTG has undergone.
Owen Nobody
20 Sep 2016
Re: SGH/PSD - Winning streak Annoyedinvestor "Give it up, the Quindell phase of the company is over, and current board members are working on building a reputable company which will have value for shareholders."Except the Qunidell phase isn't over - there is still the Your legal friend legal action and a fight over warranties and escrow monies. That is before sorting out the rag tail of businesses left behind.It's far from over. Probably another 2 years to sort out.
Owen Nobody
20 Sep 2016
Re: SGH/PSD Saforinman "I also read Tom Winifrith share blog as he is often right, and I think he had a good and fair point about the possibility that WTG would win the case against Slater and Gordon, but I also think that dealing with lawyers and fighting lawyers takes money, and this will not be a quick fight so it was no surprise to see WTG share price earlier falling again."---------- --This morning TW has revised his piece on advice from a reader who pointed out the Escrow money is £50M but the warranties are for £100M.So this is potentially a fight for WTG survival.If that becomes the accepted view the shorters will moving in big time here again.
safarinorman
20 Sep 2016
Re: SGH/PSD I started my own business again, so I no longer but and sell shares in other companies, I found winningstreak has the same view as I have, and I always think to invest in any company investors should read both sides of others interested in the company and then make up our own decision to buy or sell.I also read Tom Winifrith share blog as he is often right, and I think he had a good and fair point about the possibility that WTG would win the case against Slater and Gordon, but I also think that dealing with lawyers and fighting lawyers takes money, and this will not be a quick fight so it was no surprise to see WTG share price earlier falling again.I have no view if the new management are good or bad, or if this is a share to buy or sell, but the main reason for still putting WTG on my watch list was I always though the lawyers would someday come back and fight for some money to be returned to them, and I think this is only the start of the fight with the lawyers. The reason I think this would be a difficult share to buy is because it can be long drawn out before a final result is known, but it could also be a difficult share to sell as I think there is a good chance the lawyers have taken to long to bring a case against WTG, and the shares could eventually go back up once the share price has bottomed out, but that could be a long time. I am sure the newspapers and future investors will be sitting on the side line watching events unfold as I ill be doing, and like others I will be interested to read both sides of this unfolding lawyers battle to recover money.
