Quindell Share Discussion Threads

[dasv] 24/3/2015 12:05

NN

You have never made a bull case.

Your posts are mostly complaints about TW. Occasionally you claim Redde is the same as QPP (it isn't). And certainly the predicament it is in is not the same either.

[nicky name] 24/3/2015 11:39

dasv 24 Mar'15 - 07:43 - 31788 of 31797 3 1

Nicky Name

your response to Sweet Karolina's many posts: "My oh my! anybody would think that you were the Blagger Karolina Either that, or you are a plagiarist."

.. was indeed a devastating point by point rebuttal, undermining any shred of credibility to the bear case with dazzling counter arguments.

Well done and thanks for putting the bear case to bed at last. Congratulations.

I am surprised by the fact you've turned over a new leaf and started actually making a coherent case dealing with the issues raised. You are an example to all bulls on this forum.


I have made the bull case on numerous occasions. Unlike the troll I have not reiterated my case every 10 mins hoping that repetition will make it more believable.

But you have a point. Maybe I should explain more frequently why I am a bull.

[jazza] 24/3/2015 09:34

If QPP's situation was as dire as you suggest - overdraft maxed out, negative cashflow, massive write downs coming - the banks would be thinking of D4E.

Don't see that being floated as a possibility.

If S&G need funding to do the deal, I'd expect QPP's existing lenders to be involved post-deal, perhaps in an enlarged sense.

What that doesn't suggest is that S&G are expecting to pay peanuts.

[elcapital] 24/3/2015 09:08

Thanks for being honest Tony.

[elcapital] 24/3/2015 09:02

Question for the bulls

If this wasnt qpp, lets say it is GB PLC, and you had a journo saying things that never come true, and he again delayed his solid fact information that a bid was due, would you still believe IF you didnt hold the share?

[dasv] 24/3/2015 09:00

jazza - we've discussed this on the 0p thread


"I think the banks, to whom QPP owe £, would have something to say about that."

'"SGH would be able to come in and take their pick of the assets they want and pay what they want to pay.'"

The banks: QPP's lenders, don't care about maximising shareholder value. They just want to make sure they get paid back 100p in the pound, with interest ideally, for the money they have lent out.

[tonybaloni] 24/3/2015 09:00

intraday means at some point in the day - like we saw yesterday..

[elcapital] 24/3/2015 08:34

Doesnt look to be going higher at the moment tony!

[lucy] 24/3/2015 08:29

Why no response from the negative camp- they can't all be in court today can they?

[tonybaloni] 24/3/2015 07:59

Lucy,

Very good point, why would they need a high profile broker on board if Quindell are only transferring a few files to S & G ??

I see these going increasingly higher, intraday, prior to any announcement nearing the end of exclusivity.

Very interesting week to come.....

[dasv] 24/3/2015 07:43

Nicky Name

your response to Sweet Karolina's many posts: "My oh my! anybody would think that you were the Blagger Karolina Either that, or you are a plagiarist."

.. was indeed a devastating point by point rebuttal, undermining any shred of credibility to the bear case with dazzling counter arguments.

Well done and thanks for putting the bear case to bed at last. Congratulations.

I am surprised by the fact you've turned over a new leaf and started actually making a coherent case dealing with the issues raised. You are an example to all bulls on this forum.

[lucy] 24/3/2015 07:36

As far as I can see not a single bear or bull has mentioned recently that we have Rothchilds acting in our corner brokering the deal and on top of that we have a world class Chairman and CEO ( soon) , currently acting as consultants.
Are the bears seriously telling us that S and G will have difficulty is raising the funding for this acquisition in a mix of a rights issue, bonds and Bank debt. We may even see QPP keep some skin in the game with a shareholding in S and G - a fairly usual method of funding any potential shortfall?
I also think a large chunk of the fundraising will be done in London rather than OZ.
Rose and Co are playing a cool game of poker here. Have faith in them and do not fear the bears. They have a perfectly valid opinion, but I just happen to think they are wrong.

[jazza] 24/3/2015 06:09

I think the banks, to whom QPP owe £, would have something to say about that.


"SGH would be able to come in and take their pick of the assets they want and pay what they want to pay."

[nicky name] 23/3/2015 23:26

come on Troll

wake up!

[nicky name] 23/3/2015 22:57

Sweet Karolina 23 Mar'15 - 20:56 - 31781 of 31783 3 0

seagreen,

Anyone who has read the subsidiaries' annual reports, as I have for a good number of them, knows that RT over paid and the goodwill in the balance sheet needs to be written down.

Anybody who knows what a prudent approach to accruals means, which I do, knows that the accruals policy was overly aggressive.

QPP's own RNSs show how badly cashflow targets have been missed and other fact like CCJs and winding up petitions just reinforce the point.

As I have said, what is not known is the scale of all those factors and that is why PwC is of the utmost relevance as that is what will make those factors known to all, provided QPP do publish it in full. The banks and other key creditors will get a full copy, shareholders ought to as well.

Will QPP make the full PwC report public? If they don't what are they hiding? If you believe PwC is just a housekeeping exercise then you should be equally keen to see it published in full and soon. QPP supporters should be putting just as much pressure on the company as the bears to get the PwC report out in full. They should not be trying to play down the significance. If PwC says £10m needs to be knocked off good will and the same amount off accruals and that cashflow is tight but the measures already taken largely resolve it, then the share price would at least double and SGH can either cough up the £640M plus earn out or can sling their hooks. If you believe that is what PwC will say then why aren't QPP supporters screaming for PwC to be published? Why instead are the Quindell suck ups trying to play down the significance of PwC?

Could it be that goodwill write downs are nearer £200M and accruals a similar figure and the cash flow black hole nearly £100M? The shares would be worth no where near 120p and SGH would be able to come in and take their pick of the assets they want and pay what they want to pay.

My oh my! anybody would think that you were the Blagger Karolina
Either that, or you are a plagiarist.

[sweet karolina] 23/3/2015 21:19

seagreen,

Just out of interest do you honestly believe the details of an SGH offer would be transmitted to Harrington and he would be being kept up to date on developments?

Do you also believe that as an ASX listed company which has halted trading in accordance with ASX rules for other major transactions SGH would not have called for a trading halt on a transaction that would require it to raise a significant proportion of its own market cap?

[malcolmmm] 23/3/2015 21:17

Bought Opay at 128.50p in the first instant just love the company, good positive analysis by Barclays etc.When the American online gambling takes off in USA which it will these will rise to £9 plus. I will be taking the full quota in the rights issue. Next stop ftse250 A mega company in the making. TW xxx ugh

[sweet karolina] 23/3/2015 20:56

seagreen,

Anyone who has read the subsidiaries' annual reports, as I have for a good number of them, knows that RT over paid and the goodwill in the balance sheet needs to be written down.

Anybody who knows what a prudent approach to accruals means, which I do, knows that the accruals policy was overly aggressive.

QPP's own RNSs show how badly cashflow targets have been missed and other fact like CCJs and winding up petitions just reinforce the point.

As I have said, what is not known is the scale of all those factors and that is why PwC is of the utmost relevance as that is what will make those factors known to all, provided QPP do publish it in full. The banks and other key creditors will get a full copy, shareholders ought to as well.

Will QPP make the full PwC report public? If they don't what are they hiding? If you believe PwC is just a housekeeping exercise then you should be equally keen to see it published in full and soon. QPP supporters should be putting just as much pressure on the company as the bears to get the PwC report out in full. They should not be trying to play down the significance. If PwC says £10m needs to be knocked off good will and the same amount off accruals and that cashflow is tight but the measures already taken largely resolve it, then the share price would at least double and SGH can either cough up the £640M plus earn out or can sling their hooks. If you believe that is what PwC will say then why aren't QPP supporters screaming for PwC to be published? Why instead are the Quindell suck ups trying to play down the significance of PwC?

Could it be that goodwill write downs are nearer £200M and accruals a similar figure and the cash flow black hole nearly £100M? The shares would be worth no where near 120p and SGH would be able to come in and take their pick of the assets they want and pay what they want to pay.

[elcapital] 23/3/2015 19:59

LOL "fundamentally the company looks ok" How the hell can you say that pre PWC!!!

[hpcg] 23/3/2015 19:54

Blimey that's a couple of charlies on the podcast. Since when is the highest price a share has attained some form of natural level the share price should return to? Same approach as Afren holders and look what happened there.