UK 13:30 Sunday, 4 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Aussie poltroon Slater & Gordon (SGH) has finally woken up to the fact that the Quindell businesses it bought for £647 million last year were worthless frauds and as such it has today said it is taking legal action against Watchstone (WTG), the renamed Quenron corporate entity. I fear the Aussies are merely throwing a Hail Mary pass and that its case is doomed. Its shares are not 95% down since the deal at just 40 cents for no reason.
This is not quite what Slater & Gordon (SGH) promised its shareholders when buying the fraud Quindell (QPP) in early 2015 - today there was a pre results profits warning. The management tried to polish it up but a turd is a turd however one views it.
Fraudster Rob Terry has given an exclusive interview to the Sunday Telegraph which is sheer comedy at numerous levels but shareholders in Slater & Gordon will not be laughing for Terry really kicks them in the goolies. S&G shares were $7.95 when it bought 92% of the Quindell business. A year later they are 29 Aussie cents. But Terry says:
I am not 100% up to speed on the comings and goings at paid researcher Edison so am unaware if its star analyst The Right Hon Charlie Gibson is still on a police curfew and wearing an electronic ankle bracelet after his spot of bother trying to give a member of the working classes, who happened to be a rozzer, a damn good thrashing. On the subject of convicts (well at least those descended from them) and damn good thrashings I note that shares in Aussie law firm Slater & Gordon (SGH) are now 28 Aussie cents having been A$2.67 on 23rd September 2015 when Edison published a note proclaiming "valuation - considerable upside" and flagging triggers for a re-rating. Hmmm... so that is a fall of c90% in the seven months since that buy note - is that the worst research note of the past 12 months?
Thanks to reader J for this photo of the top cat from Slater & Gordon (SGH) staring at his screen wondering whether to buy Quindell (QPP)or not. With a deadline of Sunday midnight this is our latest caption contest. Simply post your entries in the comments section below.
Last Thursday as it struggled to meet its monthly wage bill Slater & Gordon (SGH) was also rocked by the shock resignation without notice of its senior Legal Counsel Moana Weir, the woman who had to advise it on any corporate legal issues such as insolvency and potential fraud. We still do not know why Moana walked without notice after less than six months on the job but here are a few shocking quotes from Moana.
Oh dear, can life get any worse for Aussie poltroons Slater & Gordon (SGH)? Er yes of course it can. And in fact it just has...
An employee of Slater & Gordon (SGH) is berating me on twitter for being heartless as I celebrate his firm going down the pan and asks how he should explain to his kids about his job loss and their impending homelessness. In this podcast I explain why his job loss is good news for society, why it is indeed something I celebrate and what exactly he should say to the kids as he prepares to pimp his Mrs at King's Cross in order to put food on the family table.
Slater & Gordon (SGH) shares fell another 17.46% today to just 26 Aussie cents. They were A$8 less than a year ago after it spunked $1.3 billion buying the Quindell fraud for reasons it still has not explained. The question is not IF the shares will hit ZERO but when? Is it it by March 31 when it has to renegotiate bank covenants it is set to breach, by June 30 ( year end), September 1 (when I reckon it is out of cash), or October when Auditors must sign off on its horrific FY accounts. Or never. You can vote now in our when does S&G hit A$0.00 poll? Deadline is 7 AM March 3rd.
If you spunk A$1.3 billion buying a fraudulent business like Quenron and leaving yourself drowning in debt as is Slater & Gordon (SGH) your shareholders are going to get 100% fucked it is only a matter of when.
In part two of this series I showed why analysing today's interims leads to just one conclusion - shares in Slater & Gordon (SGH) are going to zero or near as damn it. That podcast can be accessed HERE. Now I look at quite why the poltroons who run S&G did the Quindell (QPP) deal in the first place and why they overpaid so monstrously for a fraud
The interims for the 6 months to December 31 2015 from Slater & Gordon are a car crash. A$1.2 billion was spent on buying the Quindell (QPP) fraud, now the madness of that is laid bare. Slater's board should be strung up with piano wire. The shares are heading to zero or near as damn it. This podcast contains a full results analysis.
We're all set at Deputy Sheriff Towers for tonight's excitement as we join Tom Winnifrith in enjoying the beer and popcorn as we await of Slater & Gordon's (SGH) results.
I mentioned last week that Deputy Sheriff Towers had a small matter which needed to be resolved with Slater & Gordon Solutions (SGH). As Tom Winnifrith readies his Castlemaine XXXX and popcorn for tonight’s excitement down under as Slater and Gordon publishes its results, I thought I’d pass on my experience of dealing with the UK outfit.
Trading in the shares of Aussie poltroons, the law firm Slater & Gordon (SGH) has been suspended on the ASX ahead of interim results on Monday with the imbeciles flagging that there will be a material write-down of its British assets, notably the fraudulent businesses bought from Quindell (QPP). Oh dear...this is not going to end well for S&G is it?
How does Slater Gordon Solutions rate when it comes to taking a replacement hire car to cover the period of having repairs made following a car crash? Did all go smoothly, or were there any nasty surprises?
