Having slept on the matter I am more than happy to retain my sell stance and 20p target on Quindell after yesterday’s trading statement. On the basis of Quindell adjusted earnings and cashflow forecasts the shares rocketed yesterday but I have more questions than ever and I see the shares are falling steadily today as serious investors start to ask serious questions. My core concern remains cash as I explained yesterday HERE
I note that all those folks tweeting me yesterday with #QPP or #QPPSAG saying what a prat I was and pointing out how the shares were soaring have yet to tweet me to flag how they are falling today. How odd. I would urge you to read the piece I posted earlier on various press comments as that should raise real concerns if you are a Quindell shareholder. That can be viewed HERE
My new issues to raise.
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