26 Nov 2015 14:42
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Don't have an account? Click here to register.Quindell shares reinstated after profit clarification
Wed, 01st Apr 2015 15:52
Shares in Quindell were temporarily suspended on Wednesday before the company issued a statement confirming its offloaded professional services arm had contributed a larger proportion of group profits than previously stated.On Monday the AIM-listed group confirmed it had sold the professional services division to Australian law-firm Slater & Gordon in a deal worth £700m.Quindell on Wednesday re-stated its aim to return an "initial tranche" of up to £500m to shareholders, representing more than £1 per share, although it said the precise amount of any cash return had not yet been determined.It added that the reason for its shares being suspended was that the circular explaining details to the market on Monday had said the division contributed an aggregate £82.5m to the group in the calendar 2013 and contributed £113.4m pre-tax profit in the six months to 30 June 2014.However, management noted there had been a transcribing error, and that the corrected total profits attributable to the division were £96m for 2013 and £130.7m for the first half of 2014.The group had earlier reassured shareholders that it was a "technical issue" and that there was a "small mistake in the circular".You may also enjoy reading: Daniel Stewart shares retreat as director sells out following Quindell founder purchaseFeng shui group New Trend rearranges assets after unexpectedly bad trading
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19 Nov 2015 16:22
9 Nov 2015 14:29
Quindell confirms capital return plans and Watchstone rebrand
(ShareCast News) - Insurance technology group Quindell outlined its capital return plans on Monday and said it was seeking shareholder approval to rebrand itself as Watchstone Group. The company, which is currently being investigated by the Serious Fraud Office (SFO) over its accounting policies, sa
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Quindell completes Canadian physiotherapy purchase
(ShareCast News) - Quindell has completed the acquisition of Canadian physiotherapy and rehabilitation services provider PT Healthcare Solutions, in exchange for new shares. Small cap favourite Quindell, which recently confirmed it intended to pay a 90p-per-share special dividend in December, bought
Read more2 Nov 2015 11:40
Quindell plans to return GBP415m to shareholders
(ShareCast News) - Beleaguered insurance technology group Quindell announced plans to return £415m to shareholders in December following the sale of its professional services division, subject to court approval. The company, which is currently being investigated by the Serious Fraud Office over its
Read more30 Sep 2015 08:10
Beleaguered Quindell posts drop in interim revenues
(ShareCast News) - Beleaguered insurance technology company Quindell, which is being investigated by the Serious Fraud Office over its accounting policies, posted a drop in revenue and a pre-tax loss for the first half of the year. For the six months ended 30 June, the pre-tax loss came in at £35.46
Read more9 Sep 2015 09:19
Quindell buys remaining stake in PT Healthcare Solutions
(ShareCast News) - Beleaguered insurance technology company Quindell has agreed to buy the remaining 50.1% stake that it does not already own in Canada's PT Healthcare Solutions. Under the terms of the deal, which is expected to complete in mid-October, Quindell will issue 9.47m ordinary shares of 1
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