Trading the stockmarket (NO Referrals)

Ok so this is the nuclear scenario I think. QPP is worth less then cash apparently.
Broker resigns and QPP weeks later reports that, pretty sure that breaks stockmarket rules to not release pertinent info but its aim so maybe it can do that.
“Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, announces that Canaccord Genuity Limited submitted its one month notice of resignation as the Company’s financial adviser and joint broker on 21 October 2014 but that the Company has agreed that the resignation is effective today”.

Canaccord had been hired by Quindell in July last year to work alongside the company’s existing nominated financial adviser (Nomad) Cenkos Securities.
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The next worry would be qpp could end up without a nomad and so might have to delist

A good time I remember a company at cash value was Standard Life at 130p, valuing at 3bn with 3bn in bank. Now they 400p but SL were good for it, I bought then but not so sure with this one as they do seem pretty lax at best

Technically QPP is fairing ok vs price short term, not very great volume down


Traders are betting GLD may have hit a near-term bottom after it surged on Friday.

"It broke below a prior low and broke above the highs of the week," said Scott Redler, partner at T3Live.com. "Usually an outside reversal trades below a prior low and closes above a prior high. This traded below a prior low and closed above an almost two-week high."
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http://www.cnbc.com/id/102192393?utm_source=dlvr.it&utm_medium=twitter#.

would make a nice change and typical short (sharp) rise to give false hope before a future fall, could be profitable :)
 
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Saw it drop 20 points this morning only to recover 10, now back down to -16 from open.

Certainly worrying times for anyone long. So glad I gave up on it months ago.

It's been in and out of auction more times today than an episode of bargain hunt!
 
Looks like the bell end Chairman Rob Terry and non exec director Steve Scott are stepping down from QPP with immediate effect and David Currie formerly from Investec is taking on the job temporarily. Hopefully he will bring some stability to the company unless he unearths some other tragedy. http://www.cityam.com/1416263610/quindell-chairman-rob-terry-step-down-company-clearout

edit: didnt realise David Currie was already a director :(
 
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Things seem to be getting worse here. He'll be rich but I think this would have to be Rob Terry's last job setting up a company after his previous history.

Hopefully things will start picking up from here for the company. Maybe some extra transparency will help pick the share price back up from whoever takes over.
 
Nice business model I guess, no setup cost with real equip


Wonder what Terry did that required leaving, I presume thats why the share fell back. Just making a mess of the shares cant be it surely if the business was fine.
Ive done ok where CEO left like Chesapeake energy, where he leveraged up assets to buy even more land then cant easily pay the debt. Price went from 16 to twenties as his plan eventually paid off, maybe Terry leaves but actions prove ok :/

Im a lot surer of natural gas fracking and leveraging that is nasty as price fell (usa) but its a solid return where as UK market doesnt really believe qpp will return profitably on its shenanigans

Share looks neutral while price is down, if past 60 it could goto 75 but thats a bigger ceiling to break and its volume now is lower then it fell on?

I bought FXPO and hopefully ukraine doesnt descend into tyranny and war but stock already fell and Japan negative GDP is really the higher future worry and related falling demand. up today
a comparison might be Georgia and an invasion there did stablise or is this much different:confused:
Gold miners are prob good for now as gold appears more certain
 
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On QPP: I think Terry lost the trust of the major II's - this deal where he borrowed money secured against his existing holding to buy more shares was just a mess, especially as it needed two RNS' to explain.

No-one trusts the numbers. QPP could have allayed some fears by publishing monthly cashflow figures. The fact they haven't makes it look like they are hiding bad news. Cash flow is easy to find - last month's bank statement and this month's bank statement. Not really any different for a business than an individual.

Finally, a broker resigning is most unusual. The RNS that announced it was also nearly a month after the event - so (again!) makes it look like they are hiding something.

In short, lots of weird stuff going on and nothing positive coming out to counteract it.
 
silversurfer said:
N

Im a lot surer of natural gas fracking and leveraging that is nasty as price fell (usa) but its a solid return where as UK market doesnt really believe qpp will return profitably on its shenanigans

Share looks neutral while price is down, if past 60 it could goto 75 but thats a bigger ceiling to break and its volume now is lower then it fell on?

I bought FXPO and hopefully ukraine doesnt descend into tyranny and war but stock already fell and Japan negative GDP is really the higher future worry and related falling demand. up today
a comparison might be Georgia and an invasion there did stablise or is this much different:confused:
Gold miners are prob good for now as gold appears more certain
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I was reading an article in the Telegraph or FT over the weekend about Fracking and how the it has pushed the price of oil downwards due to the amount of oil coming out of the US. The problem the these companies is that their highly leveraged with expensive loans and if Oil drops below $80 a lot of these small and medium sized companies will go to wall as it's there not enough profit due to the expense of getting oil from fracking and the cost of finance.

FXPO I think might be a good long term bet but in the medium term I wouldn't rule out a return to full conflict in Eastern Ukraine, Putin has already personnel and dozens of tanks to rebel areas (or should I say they volunteered?) and Poroshenko is about ready to tear up the 'ceasefire' agreement. God only knows what will happen.
 
fonzee said:
So who has fitbug? :D

Some big money made there for the 2-3p club! :eek:
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Managed to make £20k+ now on FITB :D

Almost single handedly recovered all my loses over the past 18 months. Just got to wait to see whats going to happen with the pile of WRN i have sitting waiting for the suspension to be lifted
 
booyaka said:
straight share purchase or leveraged?? ^^
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Straight purchase. Never bothered with CFD's as don't fully understand them hence stick to what I know. If I stuck with my original 2.6p purchase and sold yesterday at the high of 25p ish would be over £100k up but not done too bad trading it so won't complain!
 
Ironic but its of some good news that there was a giant short sell in play (from feb) by a world class canny hedge fund apparently.
If they are closing out, I guess its even bullish now, they hid their position

http://www.ft.com/cms/s/2/a458f5da-70a4-11e4-9129-00144feabdc0.html#slide1
http://www.ft.com/cms/s/0/b6cab6c4-6e9a-11e4-afe5-00144feabdc0.html#slide0
http://www.ft.com/cms/s/0/8c1a04c6-6f25-11e4-8d86-00144feabdc0.html#axzz3Jjb7Zmny

Terry still owns 8% but long term the share is wrecked by very great sales recently. He made 5.5m cash prior to the last fall. Big volume comes in 125p, I didnt think it was a sell today though it could just go back down.

http://www.telegraph.co.uk/finance/...-Mail-shares-a-good-long-term-investment.html
I bought RMG again and sold some BP


The company did receive a lowball offer last week for the 25.3pc stake it holds in Nationwide Accident Repair Services but dismissed it out of hand. It is understood that Quindell would not consider selling that stake even if an offer was made at the market price.
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http://www.telegraph.co.uk/finance/markets/11247352/What-next-for-investors-in-Quindell.html
 
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Can someone please explain what is meant at the end of Funds (inc), (acc), unbundled & inclusive.

For example
AXA Framlington Global Technology (Acc) Inclusive
 
What happens to income from dividends and such, inc - income (paid as cash), or acc - accumulation (reinvested).

Unbundled and inclusive relates to management charges, it's a new thing after a change in the law earlier this year iirc. Unbundled supposedly lower but actually same difference as higher charges for inclusive funds usually offset by loyalty bonuses.
 
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