UK 18:48 Friday, 23 October 2026
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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.
As Quindell plc (QPP) is in the news HERE, the acquirer of its Professional Services Division, Slater & Gordon, has been in the spotlight in Australia…
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Comments
alcira16247
Steve
There’s little doubt of growing unease within the Australian investing community to the accounting questions now being raised, despite, Slater & Gordon managing director Andrew Grech, assurances and boasts that the purchase of …… Quindell’s professional services division as “a once in a generation opportunity”.
Oh yeah, Mr Grech? I think many of your shareholders might disagree with that statement after watching their shares tumble in value since the acquisition! Tumbling a further 5.6 per cent, or 36¢, to $6.13 on Wednesday.
One can’t help but think that things aren’t quite right at Slater & Gordon and not least to its business acumen regarding its bizarrely generous takeover bid for the legal services part of Quindell!
It appears the Australian Securities and Investment Commission are somewhat quicker off the mark than our own (now not so useless?) FCA and are poised to probe and ask searching questions not only into Slater & Gordon’s accounting practices and its relationship with auditors Pitcher Partners …… but……. into the whole take-over saga of Quindell’s legal services division.
More interesting times lay ahead, it seems!
Forty Two
They pushed back cash flow forecasts in Oz today – funny that…