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Quindell: Damned if I comment, damned if I don’t – Fidelity ups stake so what?

Tom Winnifrith
Monday 7 July 2014

If I comment on Fidelity increasing its stake in Quindell (QPP) I am damned as an obsessive. If I say nothing I am damned as a coward. So I am damned either way but for what it is worth…

Fidelity – one of the three institutional holders of Quindell has today announced that it has increased its stake by 199,644 shares.  That takes its holding to exactly 10% requiring it to issue an RNS. That has caused the shares to spike to 214p as Bulletin Board Morons see this as a vote of confidence. Whatever. As Fidelity’s quarterly performance is reviewed today that will help a bit.

If Fidelity really believed in this company 

on ShareProphets | Comments
About Tom Winnifrith
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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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