S421 Jul 2022 12:57
IMO, S4 is now not investable. I was a long term holder, adding at various points from 120p up, until the delayed financial report. This was an immediate massive red flag to me so I sold for a decent profit. The whole thing stinks of Quindell...small company, rapidly expanding by taking over/acquiring other companies, hyped to hell by various, becomes unwieldy, accountants become creative to cover the cracks...then collapse. Once bitten, twice shy. What goes up very quickly, must come down just as quickly. Added to this lethal ****tail is the position of SMS. He is the glue in this company with the vision etc. When he goes...which could be much sooner now, I see this going into freefall and sub 50p. Good luck any long term holders...I know there will be lots. There may be a short term bounce back so average down in that hope if you're feeling brave, that is...but I'd be looking for an exit point fairly quickly.