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Quindell - Hit by bear raid

May 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • QPP
  • Price:
  • 23.5p
A volatile month for the shares, which went over 40p after Quindell put out its usual string of positive newsflow but were then destabilised after  a blogger, Daniel Yu, using the name Gotham City Research, issued a 74 page note headed A country club built on quicksand. This raised various question marks over Quindell's profits and cashflows. Timing couldn't have been worse as Quindell is in the process of issuing its  prospectus for a move to the Full List. Quindell is obviously denying the short seller's allegations. Within hours of the report chief executive Robert Terry was spitting blood and Quindell's lawyers sent all the press a gagging order warning them not to debate the contents of the Gotham dossier. Quindell has ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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