What the Quindell RNS really means – it means 0p, and here is why

Comments

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   DiscoStu

   8 December 2014, 04:57

   What I want to know is how QPS Scaffolding is doing – the Bridgwater company bought from a former police officer and police civilian worker.

   There’s a lot of scaffolding going up in my part of the Westcountry but I don’t see any branded QPS Scaffolding – which must be a worry for investors.

   Anyone know how much scaffolding you need to install a telematic box in a car?

   Can you get whiplash injuries from watching scaffolders at work on tall buildings?

   We should be told.

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   turbograndad

   8 December 2014, 05:17

   TOM
   What says it all to me is Price Waterhouse Coopers, precurser to independent accounts and dealings investigation, reporting to, whoever, then recievership, good night Vienna. Good job TOM.

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   J P Spaghetti

   8 December 2014, 05:42

   “there is liberal use of the verb ‘believe’ once more”

   One BS barometer anyone can clock that doesn’t need extensive insight or experience is indeed the ratio of the number of subjective to objective statements made in an RNS. Perhaps the authors believe in the tooth fairy – try proving otherwise! Other indicators, of course, are a plethora of predicted outcomes (so covering all bases sufficiently thoroughly as to not actually be saying anything), lame use of probability or general imprecision (one can be imprecise but factually incorrect). Re. the latter, by way of a timely example, I mean of the “save up to 50% whilst stocks last” variety, which one would do – of course – by purchasing an item discounted by only 0.5%.

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   David Atherton

   8 December 2014, 06:01

   SP has hardly moved (although it hasn’t gone down)

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   J P Spaghetti

   8 December 2014, 06:03

   Blast – meant “(one can be imprecise but factually correct)” last time!

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   Dominic Cooper

   8 December 2014, 06:49

   @David, it has been down all day until a spike just after 1pm as BB Morons in the QPPSAG sect all top up during lunchtime.

   This whole thing smacks of distressed accounts team at the bank. Why would Quenron pay for PwC to analyse themselves and confirm that they are saying what they say they are saying and that what they say they are saying is actually true? This is debenture holder exercising their rights under the security instrument.

   Let’s not forget that the Government have announced that come April, medical instructions in low value PI cases will go through a central portal. The significance of this can not be overstated. It means Mobile Doctors has no reason to exist and is effectively valueless. Probably iSaaS too. Wee Robby Terry was going to sell them off four weeks ago for millions wasn’t he?

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   Dominic Cooper

   8 December 2014, 06:58

   Tom, where’s the moron of the week comp? It needs to come back!:-

   This gem is from “QBArtist”.
   For anyone measuring their returns relative to the main market, QPP has outperformed the FTSE100 over the last 2 days by more than 10%.

   Are these people for real???????????

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   alcira16247

   8 December 2014, 07:08

   Tom

   I actually find it very hard to see any LONG TERM viable businesses in the Quindell stable, that could even justify getting a placing or rights issue away, even, say…..3 pence!

   Once the goodwill and accruals have been massively written down/written off, Quindell’s balance sheet is going to be shot to pieces. Anyway, how many of its companies are actually real trading entities? Very few, I would argue! Even its most highly prized ‘assets’ I doubt would be able to stand up to accurate forensic accounting in gauging their long term viability.

   I sincerely hope that Mr Terry and cohorts aren’t going to escape from close scrutiny by the relevant authorities, when this farce of a ‘business’ implodes for the trail of dubious transactions that they have engaged in over the past few years.

   I can’t believe that Mr Terry and his associates, who bought and grossly overpaid for companies, like Himax, acted out of the goodness of their hearts, let alone for sound commercial reasons!

   I hope Tom, you will find the time to look into that Bermuda operation?

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   Peter

   8 December 2014, 08:07

   This is a great buying opportunity. Bought shares on friday and again this morning. Strong bu signal: Tom is getting desperate to create negative news!

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    tradertrev

    8 December 2014, 08:39

    Last sentence of RNS “…and we look forward to the future with optimism.” Most statements use the word “confidence” not “optimism”. Just saying :-)

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    Mark Dressel

    8 December 2014, 09:49

    My amateurish dabblings on AIM have taught me (the hard way) that whenever a company undergoes an independent review they have lost their way. The independent review is usually quickly followed by the ‘strategic review’ which inevitably means selling off the only valuable part of the business to raise funds. Whats left of the company usually becomes an investment vehicle that might one day do something useful. But by then, current day shareholders will only have memories to clutch to. With all the room for doubt about this company why is anyone shouting ‘buy’?

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    SD

    8 December 2014, 09:58

    I wonder what “rapidly expanding” and “complex” company this exciting CFO opportunity is for. 29 applications so far.

    “CMA Executive is delighted to be working with this Hampshire based, market leading global provider of Professional Services and Digital Solutions, as it looks to appoint a Group Finance Director for this international, rapidly expanding, complex, AIM listed business.

    As a key member of the Executive Management team, the Group Finance Director will report to the CFO and assume a strategic role in the overall management of the company. You will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company. This will include direct responsibility for accounting, finance, forecasting, strategic planning, deal analysis and negotiations, and stakeholder relationships.

    You will work closely with the CEO and CFO, assisting in formulating the company’s future direction and supporting tactical initiatives. Providing strategic recommendations to Divisional MDs and FDs, to enhance financial performance and new business opportunities.

    You will be ambitious, driven and self-motivated, seeking a challenging, broad, commercial role. It is therefore essential that you are a qualified accountant, preferably ‘Big 4’ ACA, with strong knowledge of financial systems, a proven business acumen and expertise in developing financial strategy, exceptional communication, presentation and client facing skills are expected. Knowledge of listing matters would be of benefit.

    CMA Recruitment Group is acting as a recruitment agency in relation to this role. CMA complies with all relevant UK legislation and doesn’t discriminate on any protected characteristics. If you haven’t heard from us within 5 working days please assume that you have not been successful.”