Watchstone Group is a holding company with technology at its core.

Our businesses offer leading technology solutions primarily to the insurance, automotive and healthcare industries.

While we have a diverse portfolio, our operating businesses are unified by a set of shared commercial principles:

■We seek to anticipate change and we have the agility to exploit the dynamism of customer behaviour
■We invest in the people and technologies that will drive innovation and success in our markets
■We promote in-depth sector knowledge and experience as the starting point of value creation, and
■We strive for efficiency across our businesses through the optimal allocation of resources and good governance

                   

NEWS

26th Jan 2018 Pre-close trading update
11th May 2017 Prospective claim by Slater and Gordon
05th May 2017 Report and Accounts for the year ended 31 December 2016
27th Apr 2017 Preliminary results for the year ended 31 December 2016

VIDEO/AUDIO/PRESENTATIONS

May 2017 2016 Annual Report and Accounts
Jun 2016 Presentation-Results for the six months ended 30 June 2016
27th May Watchstone Audio Webcast-Financial Results
27th Jan Watchstone Group Outline Strategy

EVENTS

The 2017 Commercial Vehicle Show (CV Show)25th-27th April -UK (Hubio)
The Strategic Claims conference2nd March-UK (Hubio)
2017 Insurance-Canada.ca Technology Conference28th February-Canada (Hubio)
NRF's Annual Convention & EXPO (Retail's BIG Show)15th-17th January-USA (Tech Mahindra-Bronze sponsors/exhibitor)
2017 Commercial Vehicle Show25th-27th April-UK (Hubio Fleet-exhibitor)

WEBSITES




LINKS TO DEDICATED PAGES

pt Health
ingenie Updated 2nd June
Innocare Updated 2nd June

Link to historic 'Shareholder information'

Shareholder information

The directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 21 September 2017.

Major shareholder information

Name--------------------------------------------No. of Shares-------------------% Holding

Polygon Global Partners LLP---------------------8,016,599----------------------17.41%
Beach Point Capital Management LLP-----------7,888,718----------------------17.14%
Sand Grove Capital Management LLP-----------3,787,781-----------------------8.23%
M&G Investments (Prudential)-------------------2,916,666-----------------------6.34%
BlueMountain Capital Management, LLC---------2,248,093----------------------4.88%

Subtotal-------------------------------------------24,225,292--------------------52.63%

Director information

Name---------------------------------------No. of Shares-------------------% Holding

Stefan Borson (PMDR)----------------------300,00---------------------------0.65%
Richard Rose--------------------------------100,000--------------------------0.22%
Indro Mukerjee-------------------------------50,550--------------------------0.11%
Mark Williams---------------------------------50,550--------------------------0.11%
Lord Howard of Lympne----------------------12,608-------------------------0.03%
David Currie------------------------------------1,950--------------------less than 0.01%

Subtotal---------------------------------------515,658-------------------------1..13%

Current total shares in issue 46,038,333 as at 21 September 2017 with none being held as treasury and 1.97% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.watchstonegroup.com/investors/shareholder-information/

Polygon Global Partners LLP have increased their holding (again) from 8,016,599 (17.413%) to 8,400,000 (18.246%)

Reade Griffith holds a majority of the voting rights in Polygon Global Partners LLP. Consequently, Polygon Global Partners LLP is a "controlled undertaking" in relation to Mr. Griffith.

http://otp.investis.com/clients/uk/watchstone_group/rns/regulatory-story.aspx?cid=1338&newsid=932772

12 October 2017 @ 16:30 
Watchstone Group plc
 
Defence to claim by Slater and Gordon (UK) 1 Limited
 
Further to its announcement on 14 June 2017, Watchstone Group plc (LON:WTG) ("Watchstone") has now served and filed its Defence in the High Court proceedings issued by Slater and Gordon (UK) 1 Limited ("SGH") for breach of warranty and/or fraudulent misrepresentation for a total amount of up to £637m plus interest and damages.
 
A copy of the Defence, a Summary of which is set out below, can be obtained on written application to the Commercial Court, alternatively online at the HM Courts & Tribunals e-filing Service:  HMCTS e-filing service at https://efile.cefile-app.com/login, subject to the payment of the prescribed fee. The claim number is CL-2017-000348, High Court of Justice, Queens Bench Division, Commercial Court.
 
As previously detailed, Watchstone is satisfied that SGH's claims are wholly without merit and the proceedings should never have been issued. Watchstone will defend these proceedings robustly.
 
Watchstone will make further announcements in due course, as appropriate.

http://www.moneyam.com/action/news/showArticle?id=5702264

UBS Investment Bank have increased their holding from 5.25% to 6.01%

http://www.moneyam.com/action/news/showArticle?id=5705484

These TR-1's are looking more awkward to read than before and that's saying something! Did I miss UBS crossing 3%.........anyway it's a positive sign.

26 January 2018
Watchstone Group plc

Pre-close trading update

Watchstone Group plc (LON:WTG) today issues a pre-close trading update ahead of its results for the year ended 31 December 2017. Overall trading results (unaudited) for the underlying businesses (Healthcare services and ingenie) are expected to be broadly in line with expectations.

***View table via link BOP***

During 2017, we substantially completed the work to simplify and rationalise the Group involving the closure or disposal of loss making businesses and reducing the size and cost of the central overhead. The central team now comprises just three full time staff to assist Stefan Borson and Mark Williams, (the Executive directors) and the Board has been reduced in size. The full benefit of these changes will only be seen in 2018 but are expected to reduce the central costs by approximately 50%.


Overall net losses and expenses of over £6m suffered in 2017 have been extinguished as a result of the sale or closure of businesses and restructuring.

Cash and term deposits on 31 December 2017 totalled £62.8m (£67.2m as at 30 June 2017) excluding the £50.1m in escrow pending resolution or determination of the High Court claim issued by Slater and Gordon (UK) 1 Limited ("Slater and Gordon Claim").

Taking each of the remaining operating businesses in turn:

Healthcare services:

Healthcare services consists of our Canadian ptHealth clinics business and InnoCare. This business is growing, with revenue of approximately £29.7m for the year ended 31 December 2017 an increase of 6% vs. 2016. Whilst profitability is anticipated to be slightly ahead of 2016 in our core clinic business, overall profitability will be below 2016 after taking account of the continued investment we are making in the InnoCare software and services platforms and in our clinics.

In December 2017, Alan Torrie, an experienced Canadian executive, became Non-executive Chairman of ptHealth and will work closely with its Chief Executive Officer, Heather Shantora, and the Group in guiding its future path.

ingenie:

Whilst revenue for the year increased to £14.4m, ingenie had a challenging end to the year as the impact of changes to the Ogden discount rate created instability in young driver motor policy pricing. Reflecting this and continued investment in its technology platform, profitability will be marginally below 2016. The impact of these factors will extend into the first half of 2018 but the team has a detailed plan to address these challenges as well as targeting more new B2B business as the ANWB programme continues to perform well, endorsing our technology and market leading approach to road safety and motor insurance pricing.

In December 2017, Selim Cavanagh joined ingenie as Chief Executive Officer from LexisNexis Risk Solutions, where he held various senior roles including VP Telematics, VP Motor Insurance and MD of its Wunelli telematics business unit, after a background in consumer insurance at AXA UK. ingenie will benefit from Selim's 20 years of experience in delivering data, IT and research-based motor insurance solutions.

Discontinued - Hubio:

We have now completed the rationalisation, closure and sale of the Hubio businesses. We have sold Hubio Exchange in Canada and Hubio Fleet (subject to final contractual details) as well as Hubio Enterprise in Camberley.

Legacy matters:

The Slater and Gordon Claim is ongoing and we filed our defence in October 2017. Our position remains that Slater and Gordon's allegations of deceit and the associated breach of warranty claim are wholly without merit and should never have been advanced. During the year, we also strengthened the provision for legal costs in relation to this claim, reflecting our determination to robustly defend the action to trial. We continue to pursue any deferred consideration due from Slater and Gordon in respect of the disposal of the PSD.

The SFO investigation continues and we are cooperating fully. It remains the only regulatory inquiry to which the Group is subject.

There have been no further developments at this stage on the threatened (but not commenced) class action litigation first announced in September 2015.


2018 outlook:

The Group enters 2018 a far simpler business and we expect this year will be a period of re-focus and development for ptHealth and ingenie. Both will be encouraged to invest ambitiously but prudently without the distraction of potential corporate activity.

Central costs will be carefully managed at greatly reduced levels consistent with the unresolved legacy matters and the needs of the organisation.

http://www.moneyam.com/action/news/showArticle?id=5831119

Preliminary results for the year ended 31 December 2017

http://www.moneyam.com/action/news/showArticle?id=5949736

17 May 2018
Watchstone Group plc

Report and Accounts for the year ended 31 December 2017

Watchstone (AIM:WTG.L) announces that it has today published its Annual Report and Accounts for the year ended 31 December 2017 on the Group's website at www.watchstonegroup.com/investors. Watchstone also announces that it will file its Accounts with Companies House today.

The Annual Report and Accounts for the year ended 31 December 2017 will be posted to registered shareholders.

The 2018 AGM will be held at 10.30am on 27 June 2018 at Vauxhall & Lambeth Suite - 2nd Floor, Park Plaza County Hall, 1 Addington St, Lambeth, London SE1 7RY. Notice of the Annual General Meeting ("AGM") and a Form of Proxy will also be posted to registered shareholders.

http://www.moneyam.com/action/news/showArticle?id=5974453

30 August 2018



Watchstone Group plc

("Watchstone" or the "Company" or the "Group")

Results for the six months ended 30 June 2018

Watchstone (AIM:WTG.L) today announces its results for the six months ended 30 June 2018.



· Revenues of £19.7m (2017: £22.9m)

· Underlying EBITDA loss of £2.1m (2017: £1.7m)

· Total loss before tax of £3.5m (2017: profit of £0.01m)

· Group net assets of £63.2m at 30 June 2018 (as at 31 December 2017: £66.1m)

· Group cash and term deposits at 30 June 2018 of £58.4m, with a further £50.2m in escrow

· Group cash and term deposits at 10 August 2018 of £58.1m


http://www.moneyam.com/action/news/showArticle?id=6108579

17:50 Watchstone Group PLC (WTG) Holding(s) in Company RNS
13/09/18 07:00 Watchstone Group PLC (WTG) Holding(s) in Company RNS

http://www.moneyam.com/action/nav/news?epic=WTG

Haven't updated this for a while...........................

Link to historic 'Shareholder information'

Shareholder information

The directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 23 August 2018.

Major shareholder information

Name--------------------------------------------No. of Shares-------------------% Holding

Polygon Global Partners LLP---------------------10,600,000----------------------23.02%
Beach Point Capital Management LLP-----------7,888,718----------------------17.14%
Sand Grove Capital Management LLP-----------5,179,279-----------------------11.25%
M&G Investments (Prudential)-------------------2,916,666-----------------------6.34%
BlueMountain Capital Management, LLC---------2,248,093----------------------4.88%

Subtotal------------------------------------------28,832,756---------------------62.63%

Director information

Name---------------------------------------No. of Shares-------------------% Holding

Stefan Borson (PMDR)----------------------300,00---------------------------0.65%
Richard Rose--------------------------------100,000--------------------------0.22%
Mark Williams---------------------------------50,550--------------------------0.11%
Lord Howard of Lympne----------------------12,608-------------------------0.03%
David Currie------------------------------------1,950--------------------less than 0.01%

Subtotal---------------------------------------463,158-------------------------1.01%

Current total shares in issue 46,038,333 as at 23 August 2018 with none being held as treasury and 1.86% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

https://www.watchstonegroup.com/investors/shareholder-information/