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.
No apologies but this Bearcast contains strong langauge. Fraudster Rob Terry has dumped nearly all his Quindell (QPP) shares. It is time for the morons to apologise to me as I am now 110% vindicated. I discuss lessons learned (other than do not mess with the Sheriff) and also what folks should do next. Start by apologising to me and my staff then have a measured go at Terry, AIM Regulation, Cenkos, Daniel Stewart, Canaccord and KPMG.
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Comments
Jane
AIM is utterly putrid as a market.
It ought to be closed down.
The “City” stinks to high hell.
Will the demise of QPP bring any change?
I doubt it.
Sam
What a foul mouthed turd you are. No mention of the contracts wins I see, typical biased journalism. Little wonder Terry has a lot more money than you
alcira16247
Bloody well said, Tom!
Juicin Drumroll
LOL!! That’s a great bearcast Tom.
Congrats on getting this right all the way down the line.
Elrico
RT dumps stock, announces it and when the SP tanks PR goes into overdrive shouting about contract wins. Yeah, you guessed it, so RT can continue dumping into the rise. Wow….the balls of this crook!!!
Barry
Well done, you have been more than vindicated and your enthusiasm is understandable. What I find less so is your language. I feel it is totally unnecessary and lowers your esteem in the the eyes of the public. Yes, be jubilant but cut out the swearing. I know you will not but I do mean well.
Diabel
I’m thinking there could be an additional or alternative principal reason for the sale. DC has perhaps showed his metal and proposes to appoint a chairman whose name has incurred RTs displeasure. Is that not a possibilty since the renewed contracts suggest a belief that qpp would likely be there although if they go bust it won’t of course matter. If this is more delusion don’t even bother responding. That said life will be boring without QPP but the class actions will be the beginning although this is litigation on a 3-5 year scale.
Forty Two
The contract “wins”. Yeah you forgot those Tom – fuck it if Terry has made off like a bandit with other people’s dough. There’s like a renewal at a reduced rate mate and a motorbike company has winked at them – there’s a lot of money doing credit hire for dispatch riders mate. Oh and some other dudes have like had to renew their ICM crap which they are stuck with, and so what if they cut the rate and had a sweaty read of the escrow agreement? Mate you just wanna have all your way don’t you. Isn’t it enough that you have called the stock down from 600p to the square root of fuck all? Man you should get a life!!!! Fuck me do you really think stock price movements are Madelbrotian fractals with fat tails and not neat little Gaussian 3 sigma little babies with as good a chance of going up as down.? Why the fuck is cash sooooooo important? And so what if they are getting reviewed by the leading tax avoidance practice in the UK? That means they have friends Tom. Friends who care for them. Who want to help them. And be nice. What’s so fucking wrong with being nice Tom? Why can’t everyone just be nice and get on. Fuck me gotta dash just got Interactive Brokers on for a margin call…
Alan
Hi Tom. Its not your research which people gripe about, its the attitude.
We all want good journalists to ‘investegate’ these dodgy companies, and many will be thankful. What people dont like is to be talked down too. You wouldn’t get half the abuse if some respect was shown (even for those who may not deserve it).
Keep up the good investigative work you do.
Phil
Sam
That money that Terry has, you do realise it is (or was) your money. I cannot speak for Tom Winnifrith but I can sure tell you he has none of mine.
As for the swearing, you were warned. What is it with your country, your offended. You really are a county with a perfumed arse. Are you broke, no. Does it really matter how its told. I never lost money in Quenron, thanks to TW and this site, I heeded the warning, who gives a toss how its told.
Are you really so rich, so comfortable, so secure that being offended is such an issue. No wonder half the world wants to come and live here. The guy received death threats for fucks sake, that is the issue people should be upset/offended by
Livebuy
BEACON HILL, Tom looks like you are correct again. We got confirmation this morning directly from the BOD at Beacon Hill that the asset value as stated in their unaudited accounts is complete nonsense. …. final paragraph of the statement issued today reads ………“Shareholders should not regard the Company’s unaudited net asset value of US$55.8 million, as reported in the Company’s results for the period ended 30 June 2014) as an appropriate measure of the monetary value that could be achieved by Shareholders in the event of administration, and a likely forced sale situation…….. Conaccord their now retired nomad and broker also promoted this company knowing fine well it was going to the wall. I phoned the new brokers to ask what the asset value really is? Secretary Nina informed me they are not accepting any calls from shareholders. Apparently we still have 200 employees out there somewhere? this despite being on care and maintenance. But still enough funds to pay$286,000 to Mr Karstel who has never bought a single share in the company he runs ….. Guy only lasted 4 weeks in his last job.
By the way the previous guy at the helm Justin Lewis walked away with a huge kings ransom ….left us up to our ears in debt …….. now running Armadale Capital, but you guessed it same old guff ……. share price in that company down 60% this year …. ZZZZZZZZZZZ this is the sound from AIM regulation office best not waken them.
It would be of great help to shareholders if you would provide an updated comment and perhaps mention the non dilutive warrants (sweetener) issued to Darwin when they raised £1.5 million. Then shorted the life out of the company to ensure a better deal on their next loan further down the line again with the added bonus of non dilutive warrants. Its complete nonsense for the BOD to say they could not raise this money via a placing and thats straight from my broker who had contacted the company but never even received a reply from them…. many thanks
Juicin Drumroll
TW, never change.
I LIKE the fact that you are your own man, can say what you like, when you like & how you like.
If anyone doesn’t like the attitude or the language, well fuck ‘em, there’s the door.
Diabel
Tom your our beloved sheriff. The true investors friend. Tomorrow morning commence a private prosecution for criminal fraud. I’m sure you got access to the lawyers that can frame the charges. That should get you plenty of publicity and who knows maybe by popular demand we can get you appointed as the head of the FCA. Yes I’m coming to RMP as soon as I can afford to.
Sweet Karolina
And still there were morons buying on the contract news. If any of the contracts are really worth anything, then those bits of Quindell that have those contracts will be easier for the administrator to sell and pay off creditors. The contracts won’t turn a dire situation into an ok one and they won’t benefit shareholders at all, but hopefully more of those patient suppliers who have been waiting an average of 122 days will see more of their money paid by the administrator than would otherwise have been the case.
Strange timing though all those contracts within hours of the company announcing that RT has gone straight from over 8% to below notifiable.
Jonathan
Far and away the most entertaining bear cast you have made Tom. Well done!
Spoilt Git
Well played, sir.
Paul Scott
Well done Tom!
You have indeed been totally vindicated. Rob Terry is a lying piece of shit. You have exposed his lies all the way along. WELL DONE!
Everything you have said from day one has been correct Tom.
You’re the good guy. Very well done. Although a more moderate tone would be much better, but that’s not your style. It should be, but we can agree to disagree on that.
Best wishes, Paul.
David Russell
Quindell is the top in every investors ratio system and you have destroyed that because a company can tell lies. So how can we buy research because of lies. So every book written is obsolete. Well done. To many people have made a killing since 1929
Terry's All Sold
Hi Tom,
Mild disclaimer: I’ve been uber uber wary of Quindell ever since they were The Innovation Group. But now that the winter’s evenings have closed in, and it’s as ever wall to wall shite on the TV, there has developed here a dangerously fascinating (albeit slightly depressing) new game, which admittedly may not last too much longer. Open Share Prophets on Quindell in one window, and the QPP London South East discussion board in another. Compare and contrast. Report your findings.
Clearly there are some naïve deluded souls on the latter who are just maybe more sinned against than sinning. Just maybe, but they don’t matter anyway, having ‘deluded victim’ so prominently stamped on their foreheads. But there are some seriously vile people over there. Not, especially, a blatant clown like the poster Robbajob (although victims seemed to lap up his patent drivel, till today, and just for now). My own particular venom is more properly targeted at the more insidious ones like the greasy Brotherhumble, Kenny, A E Marsh, Meryl, TheGuvnor and many more of their dingy abusive acolytes. These people are truly gruesome. And still they’re at it! The horrible thought is that, given the revealing anonymity of the internet, people like these betray an integral but unattractive part of the human psyche which is present in us all, and which is not at all pleasant to recognise. I’d term it the lizard brain. Greed and fear at its most manifest. The whole LSE QPP board ought to be preserved in aspic for the educational study of future generations of behavioural psychologists’ PhD theses. Till the inevitable next time, that is.
Of course, these people are bit players, dummies, compared to the real hucksters. But it will still not pain me one jot to see these dolts and their foolish money go down with the ship. Well done to you for calling it as it is. And bravely as well.
I only coined this silly username a few days back! What far sighted prescience! Seemed blindingly obvious.
All the very best.
David Russell
Every investment book in the UK and world wide based on Quindell means that lies do not come into the ratio. Good Stuff.Lol
shaun
Tom, you crack me up…. “Shag their wife” lmao
Eyeguy
Tom.
Can you clear up a debate I had a while ago on LSE. I felt that by RT resigning as director the rules would be not as stringent into reporting this share dump. Now I see he is below 3%. Can you tell me how this is reported differently to if he was director?
Cheers
Altogether now
It’s Christmastime; there’s no need to be a long
At Christmastime, we close our shorts, yes – big profits made
And in our world of plenty, we can spread a smile of joy
But not at Q-P-P this Christmastime
But say a prayer , pray for the mor-ons
At Christmastime
It’s hard, but when you’re having fun
There’s a world outside their window
And it’s a world of dread and fear
Where the only water flowing is the bitter sting of tears
And the closing bells that ring there
And supension coming soon
Well tonight thank God it’s them instead of you!
And there won’t be a party in QPPSAG this Christmastime
The greatest gift they’ll get this year is life
Oh, where cashflow never grows, Quindell really blows
Do they know it’s Christmastime at all?
Here’s to you, raise a glass for ev’ryone
Here’s to them, thanks to the mor-ons
Do they know it’s Christmastime at all?
Feed the morons
Feed the morons
Feed the morons
Let them know it’s Christmastime
Feed the morons
Let them know it’s Christmastime
Forty Two
@ Terry’s Old Sold – indeed a good moniker – though I reckon it’s darker – this Xmas I’d go for Terry’s Clockwork Orange..
alcira16247
Tom
This is one I missed, have you seen?
http://ftalphaville.ft.com/2014/12/11/2069171/quindell-in-parliament/
Warun Boofit
Directors can legitimately sell shares in their own companies, there are sometimes good reasons why they need to and it should not be held against them, they may need to get rid of the outside loo so they build a bathroom and kitchen extension costing £20000 or maybe they need to raise the cash for Tarquin and Henrietas school fees. In the case of a director raising millions of pounds there can only be one reason, that he thinks cash is a better bet than his shares, its the clearest sell signal but QPP investors are happy to ignore it. I wonder what he will do with the £19 million, its a bit much for a building society deposit account ?