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.
There are some new questions now in place for the chumps now nominally in charge of Quindell (QPP) following a bit of post-Christmas digging but also some oldies. As you know I regard this fraud as worthless and it is my number 1 sell of the year (HERE) but for any who are still strong, long and wrong here are ten questions you might want to ask your board. Or perhaps readers might care to post their answers in the comments section below?
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Comments
Richard T
Just a thought but maybe the reason why the PWC report isn’t being published is that while Quindust-to-dust is paying for the pleasure by reimbursing the banks, the report has specifically been commissioned by the banks (so they can sue if it’s rubbish) and Quinashes-to-ashes has no publishing rights?
Not arguing with you Tom but there might just be a real reason they can’t publish it. It would make fabulous reading if they did. Maybe someone could accidentally email you a draft copy…….?
Dr David Pearce
For information:
1. My shares have never been held in my name on the share register, so it is interesting to know how anyone knows if I have sold any.
2. Panda capital partners has just agreed the purchase of a block of 12 flats near Manchester airport.
Claims Specialist
My guess is that PwC will show @£100m of write downs initially thus just about protecting the banking covenant position.
Thereafter there will probably be a daily watch on cashflow (as nobody truly understands the NIHL position) for maybe the first quarter.
Just an uneducated guess.
2+2=4
Dr David Pearse – do please tell us more – preferably relevant information
Barry
Dr Pearce, Can you then please confirm your position regarding your shareholding QPP? In terms of the question raised what is the relevance of the flat purchases?
Invetigate
When will Quindell stop saying they the World’s Largest Public Company Law Firm?
http://www.quindell-legalservices.com/?gclid=CIuttqaH88ICFVHItAodLA8AZw
Slater & Gordon bigger on capitalisation and it is 100% a law firm and the world’s first publicly listed law firm. Quindell revenue is ~50% legal services
Quindell legal services is 100% “ambulance chasers” can’t even look up lawyers that work for them on their website.
Mark
Happy New Year to you Tom (& team) & here’s to a profitable and enjoyable 2015.
Tom,
I enjoy your bearcasts and you have done a monumental job on one company in particular this year, which long term holders would have been very well advised to listen to. It could have saved them a lot of hard earned.
Can I make a suggestion?
Don’t write about or refer to the company in question for 30 days or preferably longer. You’ve done your job admirably and Q1 2015 will be pivotal for said operation, without further input.
Indeed, Your silence would be probably be even more powerful?
Good 2015 to you.