UK 11:25 Sunday, 4 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.
Fraud is using shareholders cash on things that do not benefit shareholders. Rob Terry at Quindell has now been shown to have spent vast sums of shareholders cash buying worthless companies off his mates. That is fraud. I have already outlined a series of fraudulent deals and here is another one – BestPricedHotDeals.com
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
DiscoStu
Best Price Hot Deals should offer QPP shareholders buy-one-get-one-free deal. Mind you, even that seems expensive.
R
A shareholder posting on LSE seems pretty relaxed about it:
JimiHendrix writes: why an earth is he making such a big deal about a tiny minuscule investment that was made 3 years ago. Okay so it’s not been a massive success so far but the amount paid for it is virtually nothing compared to Quindells current value.
Tom Winnifrith
R,
So I have now demonstrated that on 4 occassions Rob Terry used QPP cash to buy worthless companies off mates for sums of £150k, 139k (50%), £1.75m + shares of at least the same again & £2.76m.
This is fraud.
If Jimi is happy that shareholders cash is used for fraud then coolio for him.
I suspect others might take a different view.
And if Jimi thinks this is the last such revelation he is making a mistake
T
pb
So does KB have any witty riposte or intelligent counter-argument to this revelation.
For this is a little more than a red flag or a whiff of saltpetre… not quite a smoking gun, mind but not far off.
Certainly enough to ensure any sane bull asks some pretty serious questions about their investment case…
Any comment KB?
R
Tom,
Why anyone with even half a brain cell thinks this sort of transaction is just a poor investment decision by QPP is beyond me.
DiscoStu
PB: I was wondering how it possible to get ‘intelligent’ and ‘KB’ into the same sentence. It clearly can be done, thanks for that.
Mind you, he’s not alone, just look at the LSE QPP board – there’s very few who would know one end of balance sheet from the other.
I blame Margaret Thatcher and John Major for dumbing down the investment environment with their sell-off of utilities and approval of carpet-bagging building societies. There are too many numpties out there who think ‘do your own research’ is following people such as Lord Swampy. Not an intelligent brain cell among them.
Tom Winnifrith
Kebab
I am not in the suing business. BB Morons smearing RMPC seems to be doing wonders for business. Keep the PR going fellows – this is proving to be a record August.
Why does not Rob Terry sue me? Rob you are a fraudster. You have used shareholders cash to give to your mates. That is fraud.
Red flags running out…think again kebab, another 53 subsidiaries to work through…
T
DiscoStu
The Daily Telegraph’s City Diary column reported in May this year: “Given the recent allegations of reporting suspect profits, investors are wondering why Ian Farrelly, the man responsible for “all legal, regulatory and corporate governance matters at the group”, is not listed on any of Quindell’s market updates refuting the damaging claims.
“After all, Quindell recently expanded Farrelly’s general counsel role to ‘oversee development of the group’s investor relations function’.
Quindell assures Diary that Farrelly is “still with the company”. But perhaps it’s time our rather distant investor relations chief took less of a back seat?”
I wonder if Ian Farrelly of investor relations fame can give us insight into what Best Price Hot Deals is doing on the QPP’s balance sheet. Perhaps he could ask Chris Farrelly.
Tom Winnifrith
Kebab
You own shares in a company where the CEO steals shareholder cash to give to his mates. And you are a bull?
If UK regulators are crap so be it. I shall battle on alerting investors to more red flags.
Imitation is the most sincere form of flattery. Even if it is generated by folks who revel in libel and financial masochism.
To you and other BB morons – keep playing the man not the ball. Its great free PR. Business is booming thanks to you guys..
T
DiscoStu
Apart from having very little stock in any of the categories on the left of the BestPriceHotDeals website, I was rather struck by the button called “Goodwill”.
I clicked it, expecting a glowing endorsement of all things QPP, but it only comes up with the message: “Sorry there are no items in this category.”
If nothing else, it does seem honest.
Tom Winnifrith
Disco
Guess they are outta goodwill right now but fear not they can always get some more in stock. I know a company in hampshire which has hundreds of millions of quids worth of the stuff sitting on its balance sheet…its got to go sooner or later
t
Tom Winnifrith
Kebab
I did not tweet that and then delete tweet. You say “the clamour on the web” is that I did. Do they have any evidence? No. For none exists.
The clamour on the web is no doubt from the same sort of twats who have suddenly become restaurant critics.
You & these morons have no evidence for this assertion – as there is none since I sent no such tweet – but just assert away anyway.
T
Tom Winnifrith
Kebab
Indeed one can assert what one wants. As a private company I have no reason to promote RMPC stock. Moreover RMPC self finances – ie t grows with the cash it generates. QPP has had to raise money numerous times. That is a difference.
Of course some businesses that say they are booming really are you do not find me going after that Mr Gates chappie or Mr Buffett do you. I only go after PLCs run by fraudsters like Rob Terry who steals shareholder cash to give it to his mates.
itsrainingagain
As with all these issues, time will tell the truth, however is history repeating itself? And who is uncovering these truths for the masses?
alcira16247
Tom
Do you think, in light of your continuing investigations uncovering these series of very shocking disturbing practices, Mr Thomas Dobell, is behind the scenes, asking the board of Quindell, some very hard questions? Will he feel confident enough to make a supportive statement, a la post Gotham attack?
Mr Dobell was charged with changing the fortunes of M&G Recovery Fund, so far, his investment in Quindell, has lost over 50% of its value!
If indeed QPP is headed towards the rocks, one might assume that investors in M&G will be asking Mr Dobell, some hard questions, too, such as, what research techniques in accounting analysis were employed, before making this investment.
One, might further suspect, that Recovery Fund investors might not prove quite as forgiving as Mr Terry’s admirers.
Kind regards
Tom Winnifrith
Its raining..
I guess I am uncovering the truths…
Alcira – good question re M&G. . I have been meaning to have words with its press office. will do so
Kebab. As I have said before, I write for my pleasure. It may be that no-one reads what I write. However, I suggest that record registrations at ShareProphets + page impressions going through the roof indicates that you are – as usual – wrong.
T
Bon
Red flag a day keeps qpp shares at bay.
Poetry !!!
Bon
Tom Winnifrith
Bon,
Red Flag at night
Morons take Fright
Red Flag the next morning
The sheriff is warning
T
Bon
TW
I think you have found your true calling poetry. None of this journalism rubbish
B.