Shares in AIM listed Quindell Portfolio have slumped to 7.12p following a disastrous results presentation. But that still values this strange stockmarket beastie at more than £400 million. Folks cannot say that they were not warned about this… On my new www.shareprophets.com website, myself, Lucian Miers and Evil Knievil (SBM editors ‘pal’!) all warned folks to get out well before the current debacle. Personally, I still see the shares as a strong sell – there are just too many red flags here.
Supporters will tell you that the stock now trades on a PE of 5 and that the recent slump from 13p is all down to wicked short sellers and scumbags like me spreading disinformation. Er…no. I list below the red flag issues which should tell you that this will end in tears for the bulls and obscenely excessive bacchanalian celebrations round at Real Man Pizza Company for the bears.
on Spreadbet Magazine | Comments