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Prices & Quotes - UK Markets - Watchstone Group (WTG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
60.00p
Change Today:
0.000p
Market Cap:
27.49m
Sector:
Software & Computer Services

Watchstone Group rockets as it resumes trading

By Michele Maatouk

Date: Monday 21 Dec 2015

LONDON (ShareCast) - (ShareCast News) - Shares in Watchstone Group, the insurance technology firm formerly known as Quindell, were 115% higher as they resumed trading on AIM.
The shares had been temporarily suspended ahead of a court hearing and a share capital reduction.

They were also temporarily suspended in June after the Financial Conduct Authority began an investigation into the company's accounting practices.

Shareholders in Watchstone will receive one consolidated share in the group for every 10 shares held.

Watchstone announced in early November that it planned to return 415m to shareholders this month, following the sale of its professional services division.

Early last week, Watchstone said it had been hit with a 9.4m 'class action' legal claim filed by a group of 342 disgruntled shareholders.

The claim was filed under the Financial Services and Markets Act 2000, the company said, without giving further details.

Watchstone said it was not yet "in a position to verify the assertions in the letter of claim" but that the letter of claim "details the expected value of the potential claims against the company to be approximately 9.4m".

At 1343 GMT, shares were up 129% to 192p, having risen to as much as 198p earlier in the session.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

WTG Market Data

Currency UK Pounds
Price 60.00p
Change Today 0.000p
52 Week High 180.75p
52 Week Low 48.00p
Volume 19,382
Shares Issued 45.82m
Market Cap 27.49m

Performance Indicators

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WTG Dividends

  Latest Previous
  Final Final
Ex-Div n/a 09-Apr-14
Paid n/a 02-May-14
Amount 0.000p 1.50p

Trades for 27-Nov-2020

Time Volume / Share Price
13:31 2,000 @ 58.60p
13:26 40 @ 62.00p
10:16 159 @ 61.24p
10:01 17,000 @ 58.27p
08:00 13 @ 58.60p

WTG Key Personnel