I am back. So is SGH, page-1712

Ah SWC, you are confused. But it is ok, we are here to help each other

I've gone to the trouble of linking and snipping all of the referenced announcements from your post, so everyone can read them in full for themselves and form their own opinion.

Let's start with the first one shall we.


19/09/2016 - SGH advises Watchstone Group Plc of claim under SPA



Ok so as of 19/09/16 it has some warranty claims under the SPA that requires a merits assessment by an independent barrister.

30/11/2016 - GPB50 million paid to Watchstone Group Plc remains in escrow



Ok, the independent barrister has provided a positive merits based opinion on the warranty claims. No mention of a claim re. fraudulent misrepresentation?

12/05/2017 - SGH Claim Against Watchstone


Ah, a new claim (singular) about fraudulent misrepresentation. I wonder what Watchstone have to say about this?

11/05/2017 - Watchstone RNS: Prospective claim by Slater and Gordon



What's that? The independent barrister reviewed this very same prospective claim for fraudulent misrepresentation during the warranty escrow process (see above) and on the basis of evidence provided by both SGH and Watchstone (which Watchstone hasn't seen in full mind you) dismissed the claim that it had less than 50% chance of success.

So that sounds like a negative opinion to me SWC.

And you want to factor this into the DCF valuation?