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.
It has been a quiet week on the Quindell (QPP) front although none of the ludicrous bull calls have come good: S&G exclusivity ended Friday and we were told that a bid would happen last week and that Quenron had lined up a big bank to advise it. Well …it did not happen and it will not happen.
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Comments
boggle
Do these people get paid for writing this rubbish, if I was a Galvan client I’d run a mile.
drunken sailor
Tom,
Your 49 flags report came with a load of other stuff from Galvan and I have compared what they said about QPP in Nov with what they are saying today – basically it is the same bottom line, which is a cop out. That they have misunderstood the Soros holding is worrying. I get that they want to present a balanced view, but it still degrades confidence in their research that they miss really important points. They have also fallen for the line that the new directors are heavy weights (not in the Ray Zimmerman sense).
For me the genuine quality of the management is key in all companies, but particularly on AIM. There is no indication that either of the two new directors have a track record of turning train-wrecks around. As Dan Levi is likely to find at Sefton, there are some train-wrecks that even god could not turn around, however being the man in the seat when the likes go out for good means the failure ends up on your slop chit when it was not really your failure.
When Galvan ring me back to convince me to become a client I will raise a number points with them.
filthy lucre
Did you write this Tom? There are no typos nor spelling mistakes.
And it is suspiciously non-aggressive.
dasv
I have nothing but contempt for Galvan.
The quality of their research (zero)
Their business model – sucking punters into commission heavy CFD bets
Their staff – from what I can tell just a bunch of spivs.
That they should put out low grade piffle about QPP as a way of marketing themselves to newbie mug punters is no surprise. It’s their classic MO.
ADVFN should ban them from advertising.
all imo.