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Quindell – Can you please explain how the maths stacks up?

Tom Winnifrith Thursday 15 May 2014

 

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Probably I am not as clever as your average Bulletin Board Moron but here is another case of why I just do not understand maths Quindell (QPP) style. I have asked the company to explain the following which is based 100% on documents from the Quindell website…It has had four days to comment but has not done so. 

My studies are of Quindell Legal Services (QLS) which in 2013 was the vast bulk of the business. I now urge my dear readers to visit the 2013 full year results presentation document on the Quindell website at http://www.quindell.com/images/uploads/irdownloads2014/20140331_investor_roadshow.pdf - go to page 22.

You will see

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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