UK 19:05 Friday, 23 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.
I have known for months and months and reported it here that the Serious Fraud Office had at least interviewed folk on Quindell (QPP). The weekend press suggests that the SFO is now formally on the matter, something that has massive implications for insider dealer and fraudster Rob Terry, Quindell and possibly for Slater & Gordon. This comes on a day when Quindell warns that its accounts will be delayed – oh dear, oh dear.
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Comments
Juicin Drumroll
You just could not make this shit up!
Gotta admit QPP taking over SGH is not a move I had considered, but one of the cult members on LSE is suggesting it be the genius move!
Phrontist
Posts: 439
Observation
Opinion: Strong Buy
Price: 124.75
RE: Cash (is King at the mo)
Today 09:25
Mullins58
Never a truer word spoken.
With the bulk of QPP’s balance sheet being liquid cash in the bank, the company finds itself in a remarkably strong position in an absolute sense and compared to other companies.
The irony is that QPP could now mount a legitimate bid to take over S&G getting QLS back and the whole of S&G for a nominal sum. (SGH market cap is A$1.77b = under UK £900m).
If you have any spare cash, and can’t buy QPP at the moment, SGH looks great value!
Happy days, ATB, P (long is proving good stuff)
dasv
As Michael Howard is now a NED at QPP, I look forward to Jeremy Paxman incessantly asking him if he was aware of any fraudulent activities at the company before he joined the company…
Forty Two
It’s time to put on make-up, it’s time to dress up right…
dasv
nice one forty two ;)
winsome147
Mark Twain said the truth is stranger than fiction because fiction has to make sense. This whole saga is incredible. Just how stupid can bankers, lawyers and now a veteran politician be?
Tom, you were too hasty a few months ago when you partly apologised for getting it too wrong on QPP after the S&G deal. The S&G team should have been moron of the week.