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With such wonderful foresight shown by the BOD I cannot wait for the Strategy Announcement in the New Year. ATB
Take a look at Tescos RNS they have just settled claims for overstatment of earnings in the US of $12m MINISCULE.....................................
It seems the burden of "pay today get rewarded tomorrow" is weighing heavily on SGH and its holders! Maybe we were right all along and are better off with a bundle of cash! Good luck to them and us. TP
hi just seen it on google news ..New rules yesturday
Andy see the link on my post around 4pm yesterday
Whats happened there for the SP to drop so much?
Yes I too hope any qpp holder who held S&G were short , we have been through enough . At least now we won't have to listen to any more whining about the PSD sale! The proposed capital repayment in Dec is 3 times the entire market cap of S&G this morning . I feel for all S&G holders and the staff
just seen the SGH sp. I hope there aren't too many QPP sharesufferers who are now going through it all again :-(
Even without yesterday's news the sale at that price of £650M was genius by the or an act of insanity by S&G All the recent signs are that they have realised what a poisoned chalice they had picked up. More bad news on the way from them no doubt . Massive bullet dodged though well done Mr Rose et al
Our share price would have been about 5p today if it wasn't for the sale of PSD. Well done to David Currie
Ok so over the past 18 months QPP has been through the mill to say the least......but that disposal was either genius or we are the luckiest investors on the planet....I know some S/Hs wont think that but I for one feel we played 4 aces on that sale.....GLA
Bordersman, it was a direct competitor and its main trading business was Plexus Law. It employed 2000 people and was owned by Duke Street. Following administration it undertook a pre-pack and I guess will be back on the streets at exactly the moment that the government decides to make ambulance chasing more difficult (at long last) As every day passes and S&G looks more vulnerable, the genius of the QLS disposal becomes more apparent. You shareholders have much to be thankful for.
After the last 12 hours I doubt S&G will be buying anything , they could barely raise enough to buy new cups for the canteen! Looks like the 16% short on S&G just had their Christmas early thanks to George Osbourne
http://travel.aol.co.uk/2015/11/23/competition-win-tomtom-sat-nav-ingenie-free-prize/
addicknt I know nothing of Parabis. However. If it has worthwhile WIP, Redde or SGH might pick it up for a song and garner supernormal profit. Pity there is no short term corporate bond market anymore. Mel
I feel I should have a pot of cash ready on the 18th just Incase the price does fall to a silly level... The trouble is what to sell?
it will take about 12-18 months for any change in the small claims limit to have an effect because these things are never retrospective and it will take the MoJ about 9-12 months to finish a consultation and implement any changes. but YLF and many others will be in considerable difficulty if the changes happen, but as a listed company S&G are extremely vulnerable to this type of change and speculation as it has the potential to blow their business plan beyond 1 year out of the water.
It's a good day to NOT be a claims company A much better day to be a tech Company GLA HH
Spending review: Osborne raises PI small claims limit to £5k Chancellor George Osborne has pledged to raise the small claims limit for personal injury claims to £5,000 and scrap general damages for ‘minor’ whiplash injuries. Quindell Legal Services sold for a premium. YLF out of business within 3 months of the raised limit. You read it here first:)
It appears the decision to sell the PSD was more timely than most on here believe, as George Osborn has announced the governments intention to consult on raising the small clams limit and scrapping claims for whiplash http://www.legalfutures.co.uk/latest-news/autumn-statement-5k-small-claims-limit-and-end-to-general-damages-in-whiplash Don't fancy S&G's share price doing so well overnight!
What are you exactly annoyed about? What do YOU expect that will happen because of it?
Edison research points to £283 M PBT for SGH over the next 2 years Add Redde and PBT over 2 years about £368M Divide by 2 ......unassailable £181M PBT pa . I like scenario planning because sometimes things emerge which are not 100% stupid. Mel PS still getting over Joubert.
Well I would prefer it if the company kept all the cash. Then , just for a laugh merge with Redde plc [ “Redde Plc T/o £248M EBITDA £31M PE 19 MCap £482M ] Then to add value , bid for SGH ( £411M Market Cap right now) and Trakm8 ( M Cap £78M). IPO Trakm8 + Ingenie & Himex . and settle fro a dull PE like 14. It would double or treble value of your holding and point clearly at FTSE llsting. Then I could shut up after a good giggle and we could all sleep at night, safe in the knowledge that our directors eventually delivered real value. Mel
Mike would you rather the company kept the money (which is effectively yours) and potentially burnt through it. Or give you the money and you decide where to invest it. It is a shame but anyone in above £1 is dependent on the remaining part of the company flourishing and getting a return there.
Can anyone explain to me the benefits to a PI with an average above £1 of the proposed cap return arrangements. Keep it simple and base any responses on someone who currently holds 10,000 shares at a SP of 98p? (This isn't me by the way as I hold a lot more than this) ... I don't see any benefits short or especially long-term in this decision at all unless I have completely missed something. I would welcome comments convincing me it is fantastic so I don't bail out early January once the dough has been placed in my HL account. It seems to me this only benefits anyone with an average less than 90p up to a £1 (if you are also convinced by the other 10p turning up sometime???) I don't mind being wrong on this, or told I am an idiot because I haven't taken this in to account. Since the announcement of the arrangements for this I have been totally perplexed by the companies offer and annoyed by the whole thing.