Share tips thread

[egomeister]

vescaegg said:

Shnozz said:

trashbat said:

2p off the Gotham target now, IIRC.

Almost on the money aren't they? I thought Gotham held a 3p target so 45p. We might see that before close today.

Passed it just now.....

And back up to 50p again, the brave are going to be making some money trading this today

[twinturboz]

Pete102 said:

In other news, AAPL looking good, just signed a deal to make app store payments much easier in China.

$115 hit although briefly looks extended now, expecting a move down to $111ish.

Gpro breaking out today hoping it breaks 85 soon.

Market looks extended a bit too, I'm hoping for a small pullback to re-enter some more long positions.

[gaz1234]

marky1 said:

What, if they go up you'll let me know you bought them, if they go down you'll let me know you didn't. Good one!

When I buy. That's what you keep asking.

[Oakey]

I hope you're not buying on the basis of that's rumoured buy out, that rumour started on LSE

also, how's this for deluded:

lol bt - nice strong end to the day - regardless of the spew written qpp is way undervalued right now and even if terry was arrested this will recover without him

atbmatlot - Today 19:31

Strong end to the day, 18percent down?

Edited by Oakey on Monday 17th November 19:46

Edited by Oakey on Monday 17th November 19:55

[trashbat]

Why would they buy their own failed company? And what shareholder would vote for it?

If they were interested in that, they would have done things very differently. As it is, they've extracted what cash they can, and will almost certainly get out of there a la TiG. I hope they go to prison this time but I doubt it very much.

[gaz1234]

Oakey said:

I hope you're not buying on the basis of that's rumoured buy out, that rumour started on LSE

also, how's this for deluded:

lol bt - nice strong end to the day - regardless of the spew written qpp is way undervalued right now and even if terry was arrested this will recover without him

atbmatlot - Today 19:31

Strong end to the day, 18percent down?

Edited by Oakey on Monday 17th November 19:46

Edited by Oakey on Monday 17th November 19:55

Don't read that anymore.
Just my hunch.

[trashbat]

QPP - Sky claim that both Terry and Scott are to step down.

http://news.sky.com/story/1375192/controversial-qu...

[Oakey]

"this is wonderful news, things can only get better now, great time to buy in" etc, etc

[trashbat]

It's never a boring day with Quindell, is it. It's probably the most interesting outcome.

What will the interim or replacement do, announce it's all a sham?

I imagine there will be some rises in there now, but what comes out in the end is anyone's guess. I wouldn't touch it with someone else's.

[trashbat]

Also:

http://www.investegate.co.uk/article.aspx?id=20011...

That's the TiG RNS about hedging, or in other words short selling the directors' own shares, as the company collapsed, and oh look, it's supposed new interim chairman David Currie.

I'm genuinely laughing out loud at what an amazing ability they have to repeat history.

[Oakey]

After that last post I went and checked LSE and that is literally what's being spouted on there.

Is this going to make much difference? If anything it just seems like they're bailing out with their loot, what happened to buying shares with the EFH loan? Does RT plan on riding into the sunset with the remaining £6.5million?

Edit: funny how they're all celebrating yet prior to this evening they acted like he was their saviour

Edited by Oakey on Monday 17th November 21:13

[Condi]

trashbat said:

Also:

http://www.investegate.co.uk/article.aspx?id=20011...

That's the TiG RNS about hedging, or in other words short selling the directors' own shares, as the company collapsed, and oh look, it's supposed new interim chairman David Currie.

I'm genuinely laughing out loud at what an amazing ability they have to repeat history.

Im amazed you're allowed to short the shares of a company you're director of. If that isnt a conflict of interest then what is?

[gaz1234]

Where is marky boy?

[vescaegg]

So Rob Terry has resigned from QPP. I suspect today will not be good for the share price...

And due to 'it not making economic sense' he is not going to do anything further with the share sell/purchase loan deal. Does that mean he just got a big fat pay cheque and doesnt have to purchase any shares? Who would want to - he clearly knows where the share price is going! I seem to recall he got something like £7.5m?

Seems like he may just get away with the money and ride off into the sunset...

Quindell PLC (QPP)

Tuesday 18 November, 2014
Quindell PLC
Directorate Change
RNS Number : 2923X
Quindell PLC
18 November 2014



Quindell Plc

("Quindell" or the "Company" or the "Group")

Directorate Change

Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, announces that Robert Terry, the Company's Chairman, has resigned from the Board of Directors with immediate effect.

The Directors believe that, in order to ensure an orderly transition, it is desirable to retain Mr Terry on a consultancy basis with particular focus on the Group's key relationships and he will be available to assist the Board, where appropriate, in executing its strategy.

David Currie will become non-Executive Interim Chairman of the Company with immediate effect and a process has begun to find a new Chairman.

Laurence Moorse, Group Finance Director, has agreed with the Company that, following the 2015 Annual General Meeting of the Company, he will step down from the Board. Mr Moorse has agreed to remain with the Company thereafter for a period of up to twelve months in order to effect an orderly handover.

Steve Scott, a non-executive director of Quindell, has agreed with the Company that he will step down from the Board with immediate effect.

The Board remains confident in the future prospects of the business.

David Currie, Quindell's non-Executive Interim Chairman, commented:

"Rob is the founder of the business and has made a huge contribution to Quindell's growth to date and the Board thanks him for that. We look forward to completing our search for a new Chairman and additional non-executive directors as soon as possible."

Robert Terry said:

"I entered into the share transactions announced on 5 November 2014, with the best of intentions for the Company and all shareholders and it would have been my intention to acquire more shares were it not for the restrictions due to the discussions leading to this announcement. I am clearly disappointed and sorry that events turned out as they did.

"In view of the share price performance of the last few days, it is likely that a margin call will be made in relation to the share transactions and, at the current share price, I would expect to relinquish my rights to acquire 8,850,000 shares under the EFH Sale and Repurchase Agreement, rather than satisfying the margin call as this would now no longer make economic sense. This will draw a line under this Agreement and I have no intention of making further use of this Agreement or its like again."

For further information:

Quindell Plc Tel: [phone]

David Currie

Edited by vescaegg on Tuesday 18th November 08:00

[trashbat]

AIUI, it means he has successfully sold those shares and now walks away from the entire agreement.

He stills owns a stload of shares, because the EFH deal was to be done in stages, but now that he's no longer a director, he's free to sell them. His only barriers to that are (a) being accused of insider trading in his consultancy role, not something that seems to have troubled him to date and (b) having to announce his reduced holding as he passes down through the % thresholds.

Talking of the consultancy role, that's what happened at TIG - years of being paid by the company after he ruined it. The similarities are amazing.

This is really worth a read (free registration): http://www.ft.com/cms/s/0/62565424-6da3-11e4-bf80-...

[vescaegg]

Was he really hated that much? What reason for the share price opening higher than yesterday (as it just has) would there be other than people were so desperate for him to go?

[marky1]

gaz1234 said:

Where is marky boy?

Still here.... why, you get long at 43 yesterday ;-)

[trashbat]

Well the retail investors of LSE et al loved him, until they were forced by circumstance and share price to burn him as a witch. They're all chasing after some vanishing point down the road - it was that Winnifrith etc would be proved wrong, but that fell on its face, so then Terry's departure had to become the next great white hope.

As I write this it's slightly up at 58p. I suspect it will close in the red, but the whole thing is riddled with stupid people, so who can tell?

[walm]

So Terry "relinquishes the right to buy back the shares" which means the clarification RNS stating he was "contractually obliged to repurchase the shares" is actually once again BS.

In other words, it was a straight short sale.
He should be in jail.

[trashbat]

That and the fact that he was in possession of the knowledge that Cannacord had resigned when he sold those shares, along with whatever other knowledge is yet to come out.