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[geoffsh] 15/3/2015 09:34

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Sunday Times article and £900m offer.

March 15, 2015 Greets UncategorizedQuindell Echo, Quindell Information, Quindell news, Slater & Gordon


The following is key information from the Sunday Times article today. See Here for article.

1. Slater and Gordon on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.

2. £640m cash offer.

3. Deal includes future revenue from noise-induced hearing loss cases.

4. Quindell should receive an additional £100m and £300m over the next three years.

5. Expect announcement on or before the 23rd March 2015.

Based on the accuracy of the authors previous reports and market noise I have every reason to believe the contents of the Sunday Times to be accurate.

We now wait to see if Quindell accept or reject the offer.

[geoffsh] 15/3/2015 09:25

.................Well worth another read........................





Sunday Times today:

hxxp://www.thesundaytimes.co.uk/sto/bus ... 531148.ece

Aussies close in on Quindell deal

Ben Harrington Published: 15 March 2015

AUSTRALIA’S largest law firm is on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.

City sources said Quindell’s board is on the verge of recommending a £640m cash offer from Slater & Gordon, which is listed on the Australian stock market.

Quindell’s legal services division provides solicitors and barristers to insurance companies when they receive claims from motor accidents.

In addition to the £640m up-front price, Slater & Gordon is expected to pay Quindell 50% of receipts from noise-induced hearing loss cases.

The receipts are expected to pay Quindell between £100m and £300m over the next three years, said one source. Slater & Gordon is understood to have completed due diligence on Quindell and both companies could announce a deal by March 23, when the Australian group’s “exclusivity” agreement runs out. Quindell and Slater & Gordon declined to comment.

If Slater & Gordon completes the takeover bid, it would mark a remarkable turnaround in fortunes for AIM-listed Quindell, whose travails have gripped the City over the past 18 months.

Its shares soared — at one stage it was on course to join the FTSE 250 — then slumped after an attack by a short-seller. A series of gaffes then led to the departure of chief executive Rob Terry in November. On Friday, Quindell’s shares closed at 98½p, giving the company a market value of £433m.

[geoffsh] 15/3/2015 09:23

Sunday Times today:

hxxp://www.thesundaytimes.co.uk/sto/bus ... 531148.ece

Aussies close in on Quindell deal

Ben Harrington Published: 15 March 2015

AUSTRALIA’S largest law firm is on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.

City sources said Quindell’s board is on the verge of recommending a £640m cash offer from Slater & Gordon, which is listed on the Australian stock market.

Quindell’s legal services division provides solicitors and barristers to insurance companies when they receive claims from motor accidents.

In addition to the £640m up-front price, Slater & Gordon is expected to pay Quindell 50% of receipts from noise-induced hearing loss cases.

The receipts are expected to pay Quindell between £100m and £300m over the next three years, said one source. Slater & Gordon is understood to have completed due diligence on Quindell and both companies could announce a deal by March 23, when the Australian group’s “exclusivity” agreement runs out. Quindell and Slater & Gordon declined to comment.

If Slater & Gordon completes the takeover bid, it would mark a remarkable turnaround in fortunes for AIM-listed Quindell, whose travails have gripped the City over the past 18 months.

Its shares soared — at one stage it was on course to join the FTSE 250 — then slumped after an attack by a short-seller. A series of gaffes then led to the departure of chief executive Rob Terry in November. On Friday, Quindell’s shares closed at 98½p, giving the company a market value of £433m.

[geoffsh] 15/3/2015 09:22

.......................Even more exciting news...............





Sunday Times today:

hxxp://www.thesundaytimes.co.uk/sto/bus ... 531148.ece

Aussies close in on Quindell deal

Ben Harrington Published: 15 March 2015

AUSTRALIA’S largest law firm is on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.

City sources said Quindell’s board is on the verge of recommending a £640m cash offer from Slater & Gordon, which is listed on the Australian stock market.

Quindell’s legal services division provides solicitors and barristers to insurance companies when they receive claims from motor accidents.

In addition to the £640m up-front price, Slater & Gordon is expected to pay Quindell 50% of receipts from noise-induced hearing loss cases.

The receipts are expected to pay Quindell between £100m and £300m over the next three years, said one source. Slater & Gordon is understood to have completed due diligence on Quindell and both companies could announce a deal by March 23, when the Australian group’s “exclusivity” agreement runs out. Quindell and Slater & Gordon declined to comment.

If Slater & Gordon completes the takeover bid, it would mark a remarkable turnaround in fortunes for AIM-listed Quindell, whose travails have gripped the City over the past 18 months.

Its shares soared — at one stage it was on course to join the FTSE 250 — then slumped after an attack by a short-seller. A series of gaffes then led to the departure of chief executive Rob Terry in November. On Friday, Quindell’s shares closed at 98½p, giving the company a market value of £433m.

[xenawarriorprincess] 15/3/2015 09:06

There will be a 7.00am RNS tomorrow to address "Press speculation".

[elcapital] 15/3/2015 09:04

please provide a link to the rns

[investordave] 15/3/2015 08:59

I admire you for putting a brave face on things if nothing else.

[elcapital] 15/3/2015 08:59

Nothing has changed. The company continually put spin out. Not sure why you dont understand this.

[investordave] 15/3/2015 08:57

Oh dear elcap.....I did warn you to close your short.

[elcapital] 15/3/2015 08:57

There is no RNS, maybe you should keep the prosecco on ice for now, sunshine.

[itchycrack] 15/3/2015 08:53

BUT.........if it IS TRUE..............big gap open............WIPEOUT!! :-)

[xenawarriorprincess] 15/3/2015 08:50

Oh, yes the shorters are toast tomorrow!

ST is pretty accurate when it comes to this type of story.

RNS tomorrow.

[xenawarriorprincess] 15/3/2015 08:47

Took a small(ish), speculative punt on these last week - The ST is usually pretty accurate, the clincher for me was that Laurence Baker was willing to take shares in settlement of the litigation - why do that if they are worthless?

Anyway, onwards and upwards.

Looks like RNS day tomorrow.

[elcapital] 15/3/2015 08:47

I dont need to do that. You are a complete plank if you believe everything you read in the papers, ESPECIALLY on qpp. It is unfortunate that you have reached such an age and you are still so naive.

[stephan1946] 15/3/2015 08:45

well spoken EL, get as many like minded people as you to open lots of shorts positions on mon/tues convince them all to put their last penny into the concerted attack.

PLEASE.

[elcapital] 15/3/2015 08:39

There is no rns at the moment, so its an if, Its also a very big if, I dont see it being true, and even if it was, then going on what was said before it would be rejected.

[stephan1946] 15/3/2015 08:38

Not el anymore, after that last remark, more like, king Canute.

[stephan1946] 15/3/2015 08:36

la, la, la, la, la, la, la, where is dem shorters? la, la, la,