Cenkos, Canaccord and Daniel Stewart are the three City firms that have made most money from listing Quindell (QPP), advising it and helping it raise cash. For these three City firms Quindell has been an enormous money spinner. And the last published research reports from these three fine houses all advise investors to BUY Quindell stock with price targets a multiple of where the shares are now. But ….
While these firms want their clients to buy shares in Quindell as it keeps the gravy train on the road would these firms risk their own capital investing in the company? Facts speak louder than words.
I start with Daniel Stewart.
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