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Quindell – Slater & Gordon Good News? Er…

Tom Winnifrith Monday 23 February 2015

 

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The quisling blogs reported at the weekend that Quindell (QPP) has received a £700 million offer for QLS from Slater & Gordon. A statement from Quenron this morning gives hope to the bulls and the shares have shot ahead to 94p but I would not be putting the champagne on ice just yet.

The statement reads: 

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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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Tom Winnifrith Bearcast: 5 signs that a banking crisis is on the way

Some of you fell for my April Fool - wow! thanks for the messages of congratulation! In yesterday’s bearcast I argued that banks had to abandon paying dividends pro tem. Now under pressure they have agreed to do so. I now give you five little or big case studies showing why a banking crisis is inevitable. Then I look at Nostra Terra Oil & Gas (NTOG), Bluebird Merchant Ventures (BMV), where I am a very excited and supportive shareholder but think the chairman must be fired after today’s news, Bidstack (BIDS), Plutus Powergen (PPG) and the associated POS companies and Westminster Group (WSG) where repellent slug and ex Tory MP Tony Baldry of 3DM infamy shows again why he is the unacceptable face of capitalism.

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