QPP Stream Log

Market not fully convinced with Quindell

'Sell' shares of AIM-listed insurance outsourcing group Quindell, according to The Telegraph's Questor column, which said that the stock is "too risky a bet for any retail investor". The paper said that the shares, which trade on just 3.8 times estimated earnings, are a "value trap". "Shareholders are now completely reliant on the guidance on cash flow and earnings to support the share price," it said.

There are some very sensible posts here this morning. Don't blame the press or the shorters for the dismal share price performance; blame the company. There has been a near total lack of consistency, clarity and competence shown by the company. The permanent moving of the goal posts and priorities (ala the RAC contract), the lack of clarity and transparency on real cash, and the utter incompetence on the listing process and their communications style. The stock will never recover unless the Board grow-up, wise-up and stop treating shareholders as mugs (written as a mug!).

Yesterday's statement was yet another missed opportunity by the company to answer the legitimate concerns that are raised by the likes of Questor, Exane and others. The downplaying of the RAC contract to "not an area of focus", the vagueness around the real underlying cash flow (that is, after tax, property spend, not before it) only heightens concerns. Like many on the Board I am very significantly down on my investment. I do think it is time for someone to say to RT to stop acting like Malky Mackay - accept there are fundamental legitimate concerns, and address those concerns in a straightforward , no BS manner. Otherwise this stock will forever be a disappointment. If RT cannot, or will not do that, then the non-execs should act.

hi guest....im about 60-70% down along with others who are much more down. TBH i wouldnt b able to even estimate where this share is going... as soon as im only 15% down im selling up and moving on. Won't b trusting this share for a long while. Nothing to do with the company...its stuff behind the scenes GL

Another BLNX... shorters will keep at this for months

Pilot...you have my sympathy...AIM is so manipulated it puts many PI's off

You've got a lot to learn NewsQPP. If you think that by not selling our few thousand shares that we can make the share price go up in the face of the power of the MMs and the Hedge Funds then you really are fooling yourself. I first bought at 42p in old money - 630p now. I didn't sell then and still have those shares. More fool me!

re200p: don't know but I'm glad I bought a bunch more at 184

£2