UK 15:25 Monday, 26 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.
Slater & Gordon shares have just been suspended in Australia for 24 hours which means that an announcement for Quindell looms today and amazingly it seems as if it may well pay £640 million for QLS. What now for Quindell?
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Comments
turbograndad
Theres no accounting for taste, esp bad taste.
These are antipodean fools, indeed, time will tell if all correct here.
john g
Tom.. FT was right … £637m cash
official announcement :
http://www.asx.com.au/asxpdf/20150330/pdf/42xl8qvshx0gwf.pdf
2+2=4
Tom
You were right about Quindell, not wholly, but overall you were right
Keep the faith
2+2=4
filthy lucre
Tom your share price target was 0p. Simple as that.
You have lost investors huge amounts of money, by not listening to
the bulls, and spouting bull.
Jock
Something really really odd about this.
S&G was only game in town – why on earth do they want to pay £640m?!!!
They could have waited 3 months, waited for Quindell to be out of cash and at death’s door i.e. (back at December 2014 levels of 25p a share) and bought the lot for £150m.
Tom Winnifrith
Filthy
I said sell all the way so saved folks a max of 650-140 = 510 a share. Woirst call sell at 40 so lost £1 a share. Overall i was right
Morons like you saying buy all the way – best call buy at 40 ( gain 100p) worst buy at 650 ( loss 510).
I was right on fraud, lies, insider dealing. You were wrong
So overall – STFU you were wrong
T
Jock
It seems they’ve ignored everything written on ShareProphets- Robert Fielding retained in Slater & Gordon managerial set-up.
How can a legal firm have a known fraudster in a position of responsibility?
DUCK AND DIVE
So why did Terry sell his shares at a huge discount? This story doesn’t compute and I hope that S&G aren’t colluding in a Swindell ramp. They don’t yet have the cash to complete this acquisition and it will be no surprise if it doesn’t happen.
Lord Lucan
thanks for update Tom – nicely balanced view, much appreciated.
wouldn’t £500m paid out as special dividend be £500m / 441m shares = £1.134 not £1.10?
also the £637 includes 50% of £80m for NIHL cases i believe.
can’t see QPP ever getting into the FTSE 250 now.
AK47
Something dodgy about this. How will S & G pay this? From memory the most theyve paid is jusy over a 100 million for an acquisition. Also, as suggested by a previous poster, why dont they wait for the pwc report to come out and this price will be much lower. Why did the crook Rob Terry sell a load of shares at much lower pricing?
I don’t believe this is the end and I would not be sirprised if this deal falls through.
Phil
Duck & Dive
I think the deal is for real.
It reminds me when the RBS bought the ABM AMRO bank, I was stunned.
The collusion comes in as this will be announced either at the same time or before the PwC report. I had a small investor in S&G from Freemantle phone me earlier, he is spitting bullets, he just cannot understand why S&G will being paying so much
Hats off to the Filthy Lucre, he got it right, he still a fucking moron thou, albeit a better off one, depending on what he paid. As he speaks for those lost investors, he doesn’t speak for me, I make my own choices. Good or bad.
I am committed to balance sheet values, no more nor less. I’m reminded by TW I am up for the divi, thank you for that Tom, I think I’ll stay a little longer.
Mike
Tom, what an absolute waste of time as a journalist you are. You have to be banned, writing such lies over the last 18 months and losing investors thousands, indeed 10s of thousands. Your continuous comments on Quindell being worth 0p, has to be the worst shite I have read, even bothered to read, in many a year. Good luck with your job.
Daniel Victor
This explains the continued strength in Quindell’s shares.
Legal Eagle
Bottom line here guys is that Tom was wrong about the business completely, there was never anything wrong with the business at any time, some of the people at the top , well all I will say is JOCK , your last post is the only thing on here I agree with, but the business was always solid and always had almost £1Bn of locked up cash, the growth just hadn’t caught up with the settlements, it is doing so now , which is what S&G have discovered over their 3 month audit.
Forty Two
A suitably fantastic denouement to a bonkers story.The deus ex machina appears and saves it from administration – even though it doesn’t have to – at a crazy price – how romantic. You got the accounting haircut right (as explained brutally in the S&G presentation), the fact that it was totally out of cash and indeed the overall stock call. Certainly I wouldn’t have expected them to pony up when they didn’t need to. Their presentation just talks to EBITDA – no mention of real cash flow or return on capital. Agreed – reminds me of HP/Autonomy. Lest we never forget this is a people game : ). Thanks for a very entertaining series…
wildrides
The deal will never complete …………. its bonkers on any level . If I were a QPP holder I would take todays price and run for the hills . The due dilli that has been done for the deal is obviously shite . The report is not out yet . the adjusted accounts are not out yet . The Australians are nuts ………. it will end in tears for them if it did proceed ……… which it wont .
AJCB
Hmmm, that’s interesting.
I posted on here last night saying Tom had clearly been totally wrong in his unwavering conviction in his zero pence price target and despite his claims of “proving” insider dealing etc he has done nothing of the sort.
As to his comments that overall he has still been completely correct (because if you followed his advice and sold at 650p you would have saved yourself 510p a share whereas if you had sold short at 40p and covered at 140p this would only have been a loss of 100p a share) I pointed out that if I sold £1,000 worth of shares at 650p I would have saved myself around £785 (using his 140p benchmark) whereas if I sold short £1,000 worth of shares at 40p and covered at 140p I would have lost £2,500.
So Tom may have saved some investors some money with his vitriolic ranting but I suspect he has caused a lot of others to suffer substantial losses.
And yet he is still absolutely correct. Right.
Strangely my previous post has disappeared.
TW NOTE - it has not, no posts deleted from you bonkers and factually wrong that you are. I guess you could not work out how to press the right buttonsAJCB
wildrides
Legal dead Crow,
Are you deluded or what ………….. look at the share price ………….. remember the SP consolidation that has taken place, remember what Rob Terry sold for and then go back to being road kill .
wildrides
Oh dear …………… it seems TEA has risen 16% by 8.40 A.M and QPP by only 14.5% on its news.
I , of course . could not possibly comment ;-)
Jason
Presumably S&G have to vote for this nuts deal?
Absolute madness but an absolute godsend for QPPers.
alcira16247
Tom
Staggered by the news that our Aussie cousins are intending to pay what seems a very full price, for undoubtedly the only decent piece of the Quindell carcass. The future lies with telemetrics and insurance broking, eh? Well good luck with that one!
More interestingly, the Rob Terry appointed board (including NED’s) are getting the boot! About ruddy time, too! The diabolical Fielding, won’t be lasting long with his new employers, either, I would hazard a guess!
Wonder what the market will value the new Quindell now, presuming the deal goes through? My guess would be cira 20 pence a share.
Wagtail
At least the fun and games have woken Gotham up at last! @GothamResearch
turbograndad
Something dodgy going on here, was on level 2 QPP on the spike this 8.05 am approx, and a £7.4 mill trade flew past 180p, went through as a buy huh, but who knows could have been a sell, or could have that been a short ??????
Dominic Cooper
Very interesting. Obviously 2 + 2 can = 5, and:-
a couple of personal injury companies worth £100 mill when quenron bought them
* + *
some hearing loss claims which are now all being dropped (the S + G presentation refers to a moratorium on any new hearing loss cases plus a “refocusing” on RTA claims) and which are not included in the value of the purchase
* can = *
£640,000,000
Hmmmm…..
And I note that one of the major plus points apparently is that Slater and Gordon can now be admitted to the ASX100, and will be bought by tracker funds. (We all know another company that always seemed more interested in getting a main market listing so it could be bought by tracker funds than in running their business). And they can get the “expertise” of Fielding on their board.
From where I am sitting, even if you believed that there be a pot of gold at the end of the Road Traffic Claims rainbow (and pretty much every indication says there is not), it makes no economic sense for S + G to go to a competitior and say, “I’ll buy your business off you for what you think it is worth – and not a penny less!”.
Who would do that?
Why would they do that?
If S + G wanted fast track RTA work, it seems a curious (and expensive) way to go about getting it. If they wanted Quenron’s expertise, then why not just sit and wait for them to get more desperate?
And who gets to pay for it? Not S + G as they can’t afford it, but S + G’s shareholders.
So has the Quenron baton now been passed to S + G? Are they pursuing a strategy of ramp their own share price by making paper acquisitions of companies with good metrics but no cash? Will we shortly hear about S + G’s new plastering division?
This is not the end, or even the beginning of the end…
SEAGREEN2
You are only as good as your last deal.
This board has posted lies and unsubstantiated truths for the last 3 to 4 months and encouraged its cronies on ADVFN to post negative comments in a concert party effort to destroy the recovery of QPP by the new board. This has been going on on several other stocks. The FCA should take action and investigate your team of henchmen’s actions which are destroying AIM and many growth stocks and making unsubstantiated attacks.
You are the moron and an utter disgrace.
Russ O'Callaghan
I’ve just been reading the comments on the Quindell LSE site. I can certainly understand why they’re euphoric today. Well, some of them. What I can’t grasp though is why none of them are talking about grabbing the money and running.
I would have thought that basically this is as good as it is going to get. When their divi is paid, when the QLS section is gone, when the other stuff like Mobile Doctors is taken over then, surely, what the present shareholders will be left with is a fistful of shares in a company that does…well…nothing. Nothing, that is, to bring in any money. Quindell will simply be yet another AIMS-registered technology company with a product to bring to market: a sector in which the overall failure-rate is well over seventy-five percent. No way will the company’s shares remain at today’s level.
Cut and run would seem to be by far the most sensible strategy. Somebody on their web-site is talking about the day, in a couple of years time, when the shares will be worth fifteen pounds. Well…erm…yes…perhaps they will be, but surely investing is about likelihoods, isn’t it?
Peter
TW does still not see his mistakes, what a moron!
Phil
Seagreen
You really are stupid. The Quenron 2013 accounts are so frauded and overstated that despite a substantial sale of over half the Quindell business, the share price is still a mere £154.25, and includes some values relating to a promised special divi.
Considering your sp used to be £6.85, only a moron of moronic proportions could call that a result
SEAGREEN2
Phil
Still defiant to the end! Even Wassem points out there was value at 60p. Some of us are not as moronic as you think and if you were slightly less biased you might ask where we went long at?
My point was all along there had to be some value around the £1 mark and indeed was lucky enough to get some all the way down to 30p.
The moronic behaviour was saying it was going to zero and it cost investors a lot of money, this was irresponsible journalism and a more balanced view would have done the whole investor community (bulls and bears) a favour (made money) …
If Tom and his crew would learn the art of being able to be both bearish and bullish on a stock depending on its price then he would have a real following…as opposed to short term momentum bear players
Take care
wildrides
My guess is that Rob Terry will soon pop up on the S& G board . Something very odd about all of this and those RT share trades . Cash is king ……….. and I would still love to know how much the combined business has got of cash , excluding the offer monies . Lies , dam lies and accounting . S&G must have seen the awaited Audit report ……….. but why has the market been kept shy of it .
VINES
“fair value is now 130-140p …This makes my 0p target clearly wrong”
just a bit