RAC - Several posters have expressed their hope that tomorrow's update will include an update on the Joint Venture. This is unlikely. Several weeks ago the Company stated that it would have to relinquish responsibility for any update to RAC in consideration of their current flotation sensitivities (RAC's possible flotation announcement was made after the proposed Joint Venture initiative was released). However, as mentioned here already today, it should be stressed that THE JOINT VENTURE HAS NO NEGATIVE IMPACT WHATSOEVER ON THE COMPANY'S CURRENT OR MEDIUM TERM FINANCIAL FORECASTS. No return from the joint venture was expected until 2016 at the earliest.
Junker - in his dreams! He obviously wants to guarantee that we leave the EU!
A British Success Story !! Great results, exceeding expectations including Cash-flow. New respected NED, who will no doubt add weight to revised FTSE application in due course. Confirmation of success of Ingenie activity in Canada. Joint Quindell / RAC 'black-box' marketing initiative underway. Significant coverage of ground-breaking GM/Vauxhall/Quindell new-driver insurance initiative. Proven business model, proven accounting procedures, dedicated and innovative management, bargain of the year !! Quinsaggers, long et fort
Good Day and continuation of positive news!! Great results, exceeding expectations including Cash-flow. New respected NED, who will no doubt add weight to revised FTSE application in due course. Confirmation of success of Ingenie activity in Canada. Joint Quindell / RAC 'black-box' marketing initiative underway. Significant coverage of ground-breaking GM/Vauxhall/Quindell new-driver insurance initiative. Proven business model, proven accounting procedures, dedicated management, bargain of the year !! Quinsaggers, long et fort
Re: share price (follow up) incidentally, I put a buy order through on Barclays and was quoted 236, but suspect that had I gone ahead my Contract Note would not have been so generous!!
Re: Share Price..... Time-stamp appears to be 8.01 this morning.
Quindell/RAC.....Isn't tomorrow the launch of the joint initiative?
Steamy.....posted my fairly substantial holdings details to you last week but, stupid question perhaps, why can't other DB members 'see' my posts?
Two other articles in ST which may be relevant to QPP's Current and Future business model. In Money Section, main article relates to the pressure on Insurers to contain admin costs and control claim costs to avoid premium hikes. The Drive Section highlights the French Police's targeting of foreign drivers (especially the 'ros-bifs') for almost incontestable speeding fines, license confiscation and, in the worst case, seizure of vehicles. How great would it be if the Black Box telematics product would allow such drivers to contest such heavy-handed tactics - perhaps even providing French-speaking legal assistance at the roadside.
After the Super Troll (ST - get it?) article at the weekend, I decided to use my time machine and check if the same reporter was still in employment and supporting his troll hordes in the future. And there it was, dated 12 June 2016 and read as follows:- " QUINDELL CHAIRMAN GETS IT WRONG AGAIN! This controversial company's shares closed at £21.20 last night despite Terry's assurance only two weeks ago at their AGM that 'whilst the Company served only 90% of the Claims Management Market it was unlikely that the Company's SP would break the £20 barrier until the earnings multiple remained at half the sector average'. Of course this also means that Terry's promised Yield of 8% will now be only 7.4% at the current price. He has also failed to make any inroads into the Company's £1.2 Billion cash-pile even after squandering a reported £10.2m on a little-known golf and sporting estate known locally as Gleneagles. Terry is understood to be determined to stick to his pledge to offer 'substantially discounted rates to all shareholders' despite the resort achieving only £27m annual net margin. I can also exclusively report that Marcopolis Enterprises, a Monaco - based philanthropic Foundation, has agreed to sponsor all prizes for the 20+, shareholder-only, annual tournaments. This is a disturbing relationship and suggests that the Foundation may have benefitted from Terry's company in the past. Last but not least is Terry's continual refusal to join the Main Market claiming that the Company's continuing rapid growth might reflect adversely on the existing constituents. Clearly Terry has many questions to answer. Shareholders, and his 24,000 employees who recently received a miserly 35% salary bonus, should call for his immediate suspension until these concerns are addressed. " I'll continue to monitor future articles and report accordingly.