UK 13:57 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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 response to yesterday’s ludicrous story in the Sunday Times and a 30% hike in its share price Quindell (QPP) has again put out a misleading statement about its discussions with Slater & Gordon about QLS. I shall again translate this into English.
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Comments
Batman
Well…the saga continues – im more concerned in what Quindell DOESNT say than what it does. They seem to be incredibly forthcoming about ‘good’ news but ridiculously coy on bad news, both as equally price sensitive. This to me is a sell sell sell signal and would look to top up my short, but as am using leveraged CFD to short this POS im waiting for the ramping to stop and waiting for one or more of the follwing. 1)that PWC report and /or 2) Gotham’s second bit of research they promised 3) Some more company accounts coming through 4) Slater and Gordons rebuttal of latest RNS – until then i’m waiting for the bullshit to slow but i am soo pleased at how big the shorting opportunity we have coming here.
Ben
This is blatantly misleading…the deal structure that generates £640m is almost certainly just cherry picking assets (leaving the liabilities with QPP) so shareholder value is much less!
scoodydoo
It’s good to see your still getting wound up over Quindell.
I have read that you said that it is worth 0p, but that seems woefully incorrect. Perhaps Slater and Gordon have no idea about how to run a successful business or how to value it, or perhaps they know how to make pizza! I wonder which it is ? Anyone, anyone !
Are you receiving payment for your libelous rants or or you just full of hatred for Quindell ?
If you are so successful and sure of your statements on the companies you deride, why do you have no assets in your name?
By the way how are the other companies that you tip doing ? Did you not tip Premaitha, which I notice is today down about 30%. Your track record is pretty poor for someone who claims to be so astute and clever !
TW Note - yup tipped NIPT and said bank profit of almost 100% so called it correctly. Rest of your post also total cockI suggest you stick to the pizza making !
Phil
Yes I think it has gone pretty much according to script. Personally I smell a placing.
Whatever price S&G offer (if any), I cannot see it before the PWC report, and how S&G will sell a £0.9billion purchase to their shareholders is beyond me.
The key point (for me) the RNS confirmed nothing, and as the share started to fall after it was issued, seems I’m not the only one.
Not withstanding, I did call it, sold it and used the profit to increase the short and the game rolls on. With or without a sale of QLS, the short is based on the balance having no value.
I don’t have the biggest portfolio, nor funds neither, these hedge calls for profit have been the only way I could think of to keep the short in play, so far it’s been working and I see no reason to stopMS
As always, interesting choice of words from QPP which is open to multiple interpretatations.
640m is bandied out as a number discussed. Nothing concrete on what SGH thinks of that.
The implication is a share of settlements…..sounds a bit JV to me.
Say 640m is somehow the 100% price. SGH only want part of the action and none of the arseache of taking everthing over.
So they provide some WC to QPP in return for a share of the proceeds. Basically it could be some sort of accounts receivable deal, not a lot more. QPP get a bit of cash to keep working on their files, SGH take a decent chunk of that cash when it comes in.
Just a thought.
Phil
scoodydoo
Your one of the idiots that got screwed by Rob Terry. For you the futures doo-doo the future’s Himex, remind me again, how much did you pay for that loss maker, Terry conned you it would add value within 6 months it hasn’t made you a single quid. Nice little “cosy” deal with Hassan Sadiq
By the way thanks for your money, I must admit being a little disappointed, a ramp to 132p was a little lower than I expected, I felt circa 150p had a certain “ker-ching” about it, but beggars and all that. Tell your ludicrous share action group, Phil says thanks for theirs to
Ms
Asx release from sgh states negotiations ongoing. That is all
Phil
Slater & Gordon 17/03/15
http://www.asx.com.au/asxpdf/20150317/pdf/42xbjq9vrwxqzt.pdf
David Talbot
Slater and Gordon have now issued a response to Quindell’s RNS – to say the least it is terse.
SCOODYDOO
It is estimated there are around 250,000 active private investors in the UK. I wonder why approximately a quarter of these visit Shareprophets each week if Tom’s track record (and presumably the track records of the remainder of Shareprophets’ contributors) is “pretty poor”. Perhaps it is you who is misguided, not the circa 65000 other visitors!