UK 18:30 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.
Shares in the biggest stockmarket fraud for 30 years, Quindell (QPP), are currently suspended at 124p valuing it at around £625 million on a fully diluted basis. But what is it actually worth? Some brokers are marking it down to 0p because of the suspension but it is probably not worth 0p – thanks to the folly of the Aussie prats at Slater & Gordon – but it might just be.
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Comments
Julian
Minor point – AIUI, the 8% statutory interest is simple, not compound, interest, for civil claims. Of course once interest rates rise, this statutory interest rate will also increase.
J P Spaghetti
Is it really inconceivable they won’t face censure (at least of any weight) though Tom?
filthylucre
Julian the 8% court rate did not fall with recent low rates, so almost certainly will not rise. Academic anyway, as in my opinion YLF will struggle with its claim.
And Tom, what were you smoking on the train when you wrote this?
Well over a hundred million in fines and same in YLF successful court action.
We shall see.
But I very very much doubt that.