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.
In today's podcast I look forward to results from Slater & Gordon (SGH) at around midnight Sunday. I explain how goodwill writedowns, bank provisioning and other matters work ahead of what will be an ouzo, beer, popcorn and coke evening of joy for me. Then it is onto explaining why the MIDAS column in the Mail on Sunday penned by the silly bint Jo Hart is talking shite on Aureus Mining (AUE). You would have thought by now that Jo would have grasped the basics of how DCF models work. It seems not. Then I end on Mervyn King's warnings of a new bank crisis. I think he may be right.
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Comments
Drunken Sailor
Hammers are safe already, Since the premiership was cut to 20 clubs no club has gone down with 40 points. Normally it is about 36 points.
Writedowns are not cash items, but the assets were paid for with cash less than 12 months ago. That is real cash pissed away. They are supposed to also be announcing the review into their accounting policies in particular their revenue recognition and cash flow predictions. That could be more interesting than the results.
SGH management claimed that they had done “the best due diligence ever”. They then crap on about how many lawyers they had looking at how many case files.
So who could come in and run it. Rob Terry might be available for the right fee. If they want home grown “talent” then Pete Landau could be a possibility or better still get Dave Lenigas to sail his 100 ft yacht down from Monaco and start ramping it to do enough placings to mug punters to repay the debt.
cooperman
Tom, I still can’t get my head round why S & G bought Quindell , save for the directors getting a bung or big bonuses
But who lent them £ 650 million ? Why would the bank agree to it , mind boggling the whole episode.
Prior to me becoming addicted to this website, I used to see all the references to Quindell, it was like they were the only show in town, if I had worked with S& G I would have said “ might be a good idea to speak to this TW fellow !
Maybe cos I’m from Yorkshire and don’t like parting with the hard earned, that I look at life differently and these big financial guys are total whizz kids !
Investing with my own money means I read up about things , maybe playing with others , why bother , we need to grow