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.
Kevin Ashton was the analyst at Canaccord tasked with covering Quindell. When he handed in a note refusing to say buy or set a price target Rob Terry told Canaccord it would be fired as joint broker if it published it. So Ashston was fired. He is a feared analyst with a forensic mind and great integrity and he will now be speaking at the UK Investor show on April 18.
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
alcira16247
Tom
Tremendous scoop for ShareProphets!
A rare commodity covering the AIM casino, a gentleman of honesty and integrity!
DUCK AND DIVE
GREAT booking!
filthy lucre
This rather draws into question Mr Ashton’s impartiality in this sorry tale, if he
will be sharing a stage with some of the cheer leaders and beneficiaries of the recent
bear attack.
I am very surprised that he is prepared to do this. Analysts must be, and be seen to be
objective. I am surprised that Charles Stanley is letting him do this frankly.
Juicin Drumroll
Filthy,
He’s not impartial. He’s an analyst who analyses companies & then forms a view.
Having analysed Quindel he has identified it as a scam, as a fraud, as a shit company with dodgy numbers which was led by a crook & he’s saying that.
Duh.
RPC
Filthy Lucre,
What makes you think that an analyst should be impartial? Since an analyst is required to offer Buy, Sell, Hold etc recommendations and target prices, impartiality is, by definition, excluded from an analyst’s brief. His job actually requires that he demonstrates honest and evidenced partiality by favouring or disfavouring (Buy or Sell) one stock over another at a given time and for stated reasons.
Nor should you confuse objectivity and impartiality; an objective view is one that is emotionally detached and uninfluenced by any vested interest – unlike your view regarding QPP. One has to assume from the irrationality of your comments concerning QPP, demonstrated by your consistent refusal in the face of unequivocal evidence to accept that there has been fraudulent activity on the part of QPP directors, that you have developed an emotional attachment caused by your own vested interest – i.e. you are long QPP.
It is your objectivity that is questionable, Filthy Lucre, not Mr Ashton’s.
filthy lucre
He should simply not be sitting on stage with Evil and Lucian who have
made a lot of money shorting a company which he used to cover. Mr Ashton’s own views and actions when employed by Cannacord seem to have aided the profits of these two men. Mr Ashton might and might not be correct in his analysis, but I think that it is an error of professional judgement to now share a stage with the bear raiders.
Forty Two
yeah he should hide in his ivory tower and remain blissfully ignorant of any views other than his own…