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Quindell Share Chat (QPP)



Share Price: 98.50Bid: 98.50Ask: 99.00Change: 0.00 (0.00%)No Movement on Quindell
Spread: 0.50Spread as %: 0.51%Open: 100.00High: 101.75Low: 97.75Yesterday’s Close: 98.50


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chats
Posts: 3,847
Premium Chat Member
Observation
Opinion:No Opinion
Price:90.00
View Thread (7)
RE: capital return
12 Aug '15
sombody does the SP's moving North !!!
 
JJT123
Posts: 218
Off Topic
Opinion:No Opinion
Price:90.00
View Thread (18)
RE: after 45% tax monkey
12 Aug '15
Isn't CGT 28%
Monkeyjoe
Posts: 84
Off Topic
Opinion:No Opinion
Price:90.00
View Thread (18)
RE: after 45% tax monkey
12 Aug '15
I'm just going by the advice of my tax advisor. He advised me to sell a few days before the capital return, pay the CGT and then re-buy once the capital has been distributed. I will follow his advice as he probably knows more than I do.
Balerno1
Posts: 86
Off Topic
Opinion:No Opinion
Price:90.00
View Thread (7)
RE: capital return
12 Aug '15
Just what I was thinking. If you work back from and end Nov payout, given payment processing time, court application, AGM or EGM, resolutions, vote , strategy preparation etc, the latest date should be around mid sept for all to be revealed.
GSmiley
Posts: 691
Off Topic
Opinion:No Opinion
Price:89.50
View Thread (3)
RE: FCA Fines
12 Aug '15
Excellent find. Barclays and Deutsche were the worst hit (by a mile) at £200m+ each for manipulating LIBOR. Vastly more significant than anything QPP might have done. Lloyds PFI at £100m+.

Even at that level (and Reckitt Benckiser Group Plc at about £500k might be more appropriate) the return to shareholders should be about the sp today. Still looks like a no brainer hold to me.
GS
weller07
Posts: 869
Off Topic
Opinion:Strong Buy
Price:89.75
View Thread (3)
FCA Fines
12 Aug '15
Usually brought against insurance related companies for failure to treat customers fairly as that is their primary concern with regard to insurancei. The weightier fines issued this year have been against Banks for breaches in duty to manage or control their staff, for example with regard to LIBOR infringements, etc - link for 2015 fines - http://www.fca.org.uk/firms/being-regulated/enforcement/fines

Personally, I don't expect a huge fine from the FCA for creative accounting misdemeanors by QPP, but who can tell?
Spikeyj
Posts: 11,588
Off Topic
Opinion:No Opinion
Price:90.00
View Thread (7)
RE: capital return
12 Aug '15
it would not be prudent of the BoD
to fail to take advice (presumably a
combination of legal and accounting)
on how to ensure the company could
meet any requirements imposed on it
from legal/regulatory actions involving
it which the BoD has already been
noticed about. it would be negligent not
to make some provision, or at least to
consider provision that might be needed.

two issues arise then affecting share price,
one concerns the amount of fines etc, that
might come the company's way, but the other
is more about timing for resolution. it's possible
for example that the eventual total amount of return
may not be much reduced, but it might take some
time (out of company's control, b/c SFO etc)
for a final tranche of it to be released. as ever,
markets tend to dislike uncertainty, so the current
s/price discount presumably partly reflects a %
that investors think might be lost to fines, but also just
reflects a % discount simply to do with that uncertainty
on time-scales and the 'unknown.' if i've understood
correctly, another variable is probably uncertainty re
the proportion of the capital return that would be made
as a cash return, versus a possibility that some % of
it would be used for share buyback (which the market
would probably tend to price in a bit differently).

meanwhile, of course, the other big issue is how to
value the remaining businesses. debate around the
historic issues probably perhaps still hindering the
attention needed to underlying value going forward.
Talisman
Posts: 575
Off Topic
Opinion:No Opinion
Price:90.00
View Thread (7)
RE: capital return
12 Aug '15
In case you missed my post yesterday. The company cannot make a Capital Return without a High Court Order granting permission. These applications take time and half the judiciary are on holiday at the moment. I would be willing to wager that application is already lodge with the court or being drawn up by lawyers.

Patience . GLA
simsokidil
Posts: 66
Off Topic
Opinion:No Opinion
Price:90.00
View Thread (7)
capital return
12 Aug '15
as a long term share holder i have to admit my concerns have come and gone at various times over the last 18 months....it is worth noting I shall continue being a shareholder..
However I have been thinking lately that with the impending return of capital, to which no new news on this has come out from the BOD, whether the delays are because of the FCA investigation.. I suspect the BOD knew an investigation would happen and are subsequently holding on to the capital to cover any possible fines etc?? .. thus reducing our value of return??
Hopefully I am wrong but the mind does play games….. GLA
Morgan93
Posts: 116
Off Topic
Opinion:Strong Buy
Price:89.00
Back in
12 Aug '15
Finally back in to QPP... And read all 130+ pages of the annual report (thankfully there was a lot of repetition). Onward and upwards at this price





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