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QPP Share Chat - RSS Feed

Quindell Share Chat (QPP)



Share Price: 124.00Bid: 124.00Ask: 125.75Change: -0.25 (-0.20%)Faller - Quindell
Spread: 1.75Spread as %: 1.41%Open: 123.50High: 125.50Low: 123.00Yesterday’s Close: 124.25


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medd1967
Posts: 6
Off Topic
Opinion:No Opinion
Price:127.75
Omedome
18 Apr '15
Omedome
go on stick the head in him
 
Whingold
Posts: 107
Off Topic
Opinion:No Opinion
Price:127.75
View Thread (2)
spike
18 Apr '15
Not a chance the mm will manipulate further down on Monday and then we may see an increase later in the week in my view
bazmanblue
Posts: 1,593
Off Topic
Opinion:No Opinion
Price:127.75
View Thread (2)
RE: Spike in sp
18 Apr '15
You can never guess what will happen with the sp on this share! It should be valued 2 pound plus but this is quindell
ajax62
Posts: 198
Question
Opinion:No Opinion
Price:127.75
View Thread (2)
Spike in sp
18 Apr '15
Does anyone think we will see a possible 8-10% gain in the sp with the offer from edmund truell.
Possibly irrelevant & it will never be accepted but just wondered if we might see some gains on monday ?
MrBobs
Posts: 2,922
Off Topic
Opinion:No Opinion
Price:127.75
View Thread (2)
RE: Telegraph
18 Apr '15
“I’m absolutely positive that FCA approval will come through in the normal timescales,” he said. "

Mmmm! Think RT had that view on the FTSE listing as well ?
MrBobs
Posts: 2,922
Off Topic
Opinion:No Opinion
Price:127.75
Sooty and Sweep ...................
18 Apr '15
The Coffee Machine in Fareham is a rather nice model and Doris the cleaning Lady would be a valuable asset to any business,

And stop calling me Shirley .................................
Brotherhumble
Posts: 3,227
Off Topic
Opinion:No Opinion
Price:127.75
View Thread (3)
RE: The Supermarket-Sweep........
18 Apr '15
TooTerrible, the 'jewel in the crown' is out Telematic with Avia at this moment in time. We must starting eating into their 3m client base. :-)
New2This
Posts: 69
Off Topic
Opinion:No Opinion
Price:127.75
View Thread (2)
RE: Just out of interest
18 Apr '15
Addicknt
I agree this is a consideration and you raise a good point. I have been heavily involved in two reasonable sized corporate sales ( up to £45 million ) although I am far from an expert so happy to be corrected on my recollections of this point.

Certainly the issue you raise has in both instances been included in the Sale and Purchase Agreement (SPA) and been an important negotiating point. Both were "cash free debt free" transactions and in this instance the underlying price excludes cash and long term debt debt and therefore adjustments made for these figures.

In one sale transaction the value of working capital was simply an adjustment to the agreed price however in the other it took account of the previous year's working capital so became an adjustment to an adjustment where trade creditors was left with the business. The rationale was that the sellers could increase the cash they took out of the business by failing to pay creditors and therefore maximise their cash position at the expense of the buyer being left with higher than normal trade creditors. Certainly in my case it was nothing to do with ensuring there was cash to keep the business running unless you mean that by reducing the amount paid the buyers have spare cash to inject ?

I agree the principle could apply in this case however thinking this through , assuming the working capital situation of the business has improved over time since the SPA was agreed , the position would be better than the underlying previous year and therefore any adjustment would be to increase the amount paid for the business.

Not claiming to be a expert but personally I don't see this is as a large downside risk.
TooTerrible
Posts: 1,384
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:127.75
View Thread (3)
The Supermarket-Sweep........
18 Apr '15
£50-60M offer from Tantalising Capital for the reminder of the businesses (inc Ingenie, Himex, PTH, scaffolding, solar panels.....everything.....anything left-over)......

Surely not.........
Brotherhumble
Posts: 3,227
Off Topic
Opinion:No Opinion
Price:127.75
View Thread (9)
RE: Worth so much more
18 Apr '15
seizing alternatives opportunities to growth returns. Sorry ran out of space.





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