Quindell bosses may have delivered but trust is lost – Bottom Line August 21, 2014 Lots of reasons were bandied about yesterday as to why, despite an overwhelmingly positive set of results, Quindell’s shares were still hurting. One explanation put out by chairman Rob Terry was that short sellers were at work once again – indeed the City regulator currently records around 7.3 per cent of Quindell’s stock being shorted [...]
Why Quindell’s share price bombed today, even though profits rose threefold August 21, 2014 Over the past few months, insurance outsourcer Quindell – once the darling of the stock market – has been the reluctant protagonist in a soap opera with a plot involving a shadowy organisation run by a mysterious superhero intent waging war on business “bad guys”. Quindell’s woes began in April, when analyst Gotham City [...]
Quindell share price falls, even as it silences Gotham City critics with revenue increase August 21, 2014 Insurance outsourcer Quindell has reported an 119 per cent increase in half-year revenue for the six months ended 30 June, news that will boost its defamation charge against analyst Gotham City Research. Quindell's share price bombed in April when mysterious US analyst Gotham City published a harsh report describing the company as "a country club built [...]