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Quindell Portfolio

October 2013

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:
  • 15.25p
QPP has continued to dish out its paper for acquisitions once more. This month it acquired a 25.3% stake in Nationwide Accident Repair Services (NARS; 62.75p) for 56.4m new shares. NARS operates 60 bodyshops across the UK and a fleet of mobile repair vans and as QPP  currently uses a number of third party garage chains for repair services, being able to bring this in-house would enhance profitability.Separately QPP has continued spreading its tentacles in its North American business with the purchase of a 26% holding in PT Health for 31.5m new shares with an option to buy the rest for 242m new shares next year. PT operates 100 rehabilitation clinics across Canada. Quindell says it will be able to introduce motor insurance rel ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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