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.

Tom Winnifrith Bearcast 21 November: Quindell New Board & Old Board and Slater & Gordon - who is going down?

By Tom Winnifrith, The Sheriff of AIM

21 November 2015 04:41

More:

The Quindell (QPP) fraud has been toxic for all concerned. In this detailed podcast I ask what 2016 holds in store for the old Quindell board, its new board, shareholders in Quenron and Slater & Gordon (SGH). Could S&G be a zero? Yes it could in light of revelations this week.

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

Temptress

21 November 2015, 11:53

Is the Edison link working?
Kolo

22 November 2015, 08:02

Temptress – Edison link works fine for me.

Cracking BC Tom. I agree that the 90p payout is now a racing certainty. Up to now I’ve doubted that it would be paid, assuming that Slater and Gordon would wake up and smell the coffee before mid December and stop it. But that seems not to be the case and they’re going to sleepwalk straight through the loot stash being ponied out. It may be stubborn pride on the part of the S&G management or just plain wrong-headedness, but they ain’t budging. Fair play.

As an aside, check out the presentation by S&G on Friday for historic SGS RTA Case Intake and Resolutions, slide 12. Kind of makes a mockery of the PowerPoint presentations from QPP back in 2013, when they talked of processing 1 in 4 of Claimant Claims in the UK, blah blah blah. They said their intake was 10k claims in July 2013 (way before hearing loss was dreamt up), and it now transpires that they actually resolved less than 10k claims for the WHOLE of FY13. Bonkers stuff. Maybe one for the sfo/ylf peeps to add to the charge sheet.