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.
Slater & Gordon, the Aussie law firm that grossly overpaid to buy the bulk of the fraud Quindell (QPP) has seen its shares crash by 25% to just A$3.78 today as it has admitted that it too has accounting “errors”. The stock traded at A$7.95 on the day it announced the Quenron deal…We told you that the short trade had just moved on…
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Comments
dasv
FT subscription coming in handy?
Invetigate
Hotcopper is in overload. Can not see how SGH recovers from this.
Sigmund Fraud
Can any kind souls post FT articles for us non subscribing cheapskates ?
Pauly Walnuts
S&G seem to keep stamping their feet and saying they valued QPP PSD under their own accounting policies and not those of QPP. Those same S&G accounting policies have created a billion oz dollars of WIP and a similar amount for Goodwill, so maybe the S&G turd lies on its own doorstep. And it has trodden it into its own carpet. Or something like that. Not very pleasant anyway.