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QPP on the slide 20.5!! was looking to invest earlier in the day at 24 but glad I held back
good discussion of all the goings on here
http://www.iii.co.uk/investment/detail?display=dis...
good discussion of all the goings on here
http://www.iii.co.uk/investment/detail?display=dis...
Edited by donkamio on Friday 25th April 11:35
Link to a news story on Quindell, sorry if it doesn't work for all, but iot should do:-
http://www.lawgazette.co.uk/5040971.article?utm_so...
http://www.lawgazette.co.uk/5040971.article?utm_so...
Rude-boy said:
Link to a news story on Quindell, sorry if it doesn't work for all, but iot should do:-
http://www.lawgazette.co.uk/5040971.article?utm_so...
Interesting that it mentions "an investor" - singular. http://www.lawgazette.co.uk/5040971.article?utm_so...
andrewh said:
Not a great article on qpp in the ft, own broker buy rating removed and major investment bank pulling out of planned roadshow
Not good really. Although I can't find anything online elsewhere about Cannacord removing their rating (they say they are reviewing) or the bank pulling out. Hope the FT article isn't just written on rumours coz it will do massive damage if the rumours don't come true
Think the damage is done on QPP now; whilst I have a small bit left in, I can't imagine it going up for a while now.
This to me is one of the most damming things to come out of QPP's response:
Quindell's full response isnt particularly good either. It's a lot of words which seek to explain, rather than refuting many of the allegations.
Its no wonder people are still taking short positions - sell the rumour, buy the fact - there is a lot of rumour and very little fact!
FT said:
The software company, which was once a golf club and leisure business before joining London’s junior stock market, has said that it has begun legal action against the shortseller.
However, it declined to give further details, including the grounds on which it is acting.
Its very easy to say "we'll sue, we'll sue" and being all aggressive about it, but when you're talking to experienced investors with millions of pounds under management the answers need to be better than that! Why are you suing? Who are you suing? On what basis? Otherwise all they look like is a dog backed into a corner. However, it declined to give further details, including the grounds on which it is acting.
Quindell's full response isnt particularly good either. It's a lot of words which seek to explain, rather than refuting many of the allegations.
Its no wonder people are still taking short positions - sell the rumour, buy the fact - there is a lot of rumour and very little fact!
Edited by Condi on Saturday 26th April 10:08
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