UK 19:04 Friday, 23 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.
Supporters of Quindell (QPP) and even Paul Scott – a neutral – have taken comfort from the fact that the MD of Slater & Gordon has said that there is nothing wrong with the QLS business model and take that forward to argue that a 0p target for the shares is unrealistic. Here is why they are wrong.
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Comments
Brian Austin
1. It is quite clear from the Qunidell RNS that PWC have found numerous problems and that they are not happy with the accrued income figures. This indicates that they will probably insist on revised financial accounts for earlier years, which are likely to show a marked reduction in profit and Balance Sheet strength.
2. You do not appear to take into your calculations the bill from PWC which I suspect will be several million pounds.
3.The good news is that there should be a repayment of Corporation Tax in due course.