Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Quindell – Gotham set to slash its 45p target price – new report on the way

By Tom Winnifrith

12 January 2015 03:34

More:

If it was not bad enough that PWC will be issuing a report eviscerating Quindell’s (QPP) fraudulent accounting policies and balance sheet it seems as if famed campaigners for truth and justice Gotham City Research is now about to re-join the party.

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

MS

12 January 2015, 04:08

er, hello, combined code, corporate governance, share options for non-execs….

Press release says

¨ in the development of the Group’s accounting policies (in conjunction with PwC and the Company’s auditors, KPMG),¨

Sound ominous.
Press release also says
¨To supplement the work of Richard Rose and Jim Sutcliffe, the Board has today entered into an agreement to receive consultancy services from BaxterBruce Limited (“BaxterBruce”), a consultancy firm of which Jim Sutcliffe is a Director. In addition to Jim Sutcliffe and Richard Rose, BaxterBruce will utilise its associates MarisaCassoni and John Tomlins for this engagement with the Company.¨

Potential for conflicts of interest in related party transactions??

Await latest gotham city report with interest
Juicin Drumroll

12 January 2015, 05:22

“One wonders what its new target price will be?”

16p.
Jason

12 January 2015, 06:03

“One wonders what its new target price will be?”

—-

1 Tesco clubcard point per share redeemable against Paxo stuffing, out of date turkeys and humble pies.
Diabel

12 January 2015, 10:03

Gotham already hit a bullseye with qpp. Therfore, they’d surely not waste their next bullet as the impact could never be the same. Happy birthday, although I am mindful that your 0p prediction is a huge disappointment. Perhaps the share price won’t be too embarrassingly high by the time your investor fair begins.