By Steve Moore & Tom Winnifrith | Thursday 6 August 2015
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.
Following the acquirer of Quindell's (QPP) 'Professional Services Division', Slater & Gordon (SGH), announcing that it had been notified that the Australian Securities & Investment Commission “intends to raise some queries” and that, having commenced a detailed analysis of the financial information to be provided to the Commission, two errors in the method used to report receipts from customers and payments to suppliers and employees by the UK business had been identified, we again warned on the shares (see HERE). The following updates with them now falling towards $3 following Quindell’s results release and news of a Serious Fraud Office criminal investigation...
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