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Quindell – No Reason for the Share Price Movement: Bollocks & I refer you to 2002

Tom Winnifrith Monday 29 September 2014

 

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Quenron (QPP) has today sought to reassure investors that there is no reason for its shares to be collapsing. There is. I shall come to that in a second. But first, here is what the Quinnovation Group has to say:

The Board of Quindell Plc, a market leading global provider of professional services and digital solutions, notes the recent share price performance and confirms that it knows of no reason for such falls.  

As originally planned, the Company will update the market on or before 15 October 2014 on its trading for the quarter ending 30 September 2014 and the continued positive progress being made by the Group in respect of all key performance indicators including cash performance.

Ends. 

Whatever. The way Quindell presents its accounts it can make most metrics including sales and profits whatever it wants. No-one believes them

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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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