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.
In this podcast special I look at the lunacy of tracking who owns what in Quindell (QPP). There seem to be all sorts of figures flying around. It is lunacy following this trail. More pertinently I look at the suggestion that the division for sale is QLS and that the purchaser is Slater Gordon. Two sources confirm to me that this IS the case, But before the morons start to celebrate I then go through the maths and that is rather less good news for Quindell. I also point out two new cases of how Quenron has misled investors in a material way.
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
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
Spoilt Git
Question: why is clearly dodgy company like QPP flying away on share price atm, despite all the warning signs, and other transparent companies with decent management and solid assets struggle on AIM to even gain or hold a few pips?
filthy lucre
SPOILT GIT
Answer: because the hedge funds having screwed it with Tom’s help, are now buying