There are always plenty of numbers to evaluate when weighing up whether to buy a particular share.
Today I’m going to quickly review three figures for anyone thinking about investing in Quindell (LSE: QPP)
1. £153.7m
This is Quindell’s pre-tax profit that the company reported in its most recent trading update – a jump of 292%.
It also saw overall revenues soar by 119% to £357.3m during January to June. This can be partly attributed to a number of large contract wins in the Professional Services Division.
2. 76%…
… That’s the overall drop in share price that Quindell has seen in the last six months. Back on 7 April, shares were priced at a lofty 656p. Now, they’re languishing at around 159p.
The main reasons for this have been much publicised. The prime attack coming from Gotham City Research, which declared that the business was “built on sand”, and stated that the shares were worth no more than 3p each.
3. 12,500
This is the number of words contained in the 22-page rebuttal that Quindell released in response to Gotham City Research’s claims, calling them a “co-ordinated shorting attack.”
Quindell’s reply specified that it believed short positions had been taken ahead of the report’s publication, and announced that it intended to take legal action against the research house. This was on the back of them stating that the comments were “highly defamatory” and “deliberately misrepresentative”.
And it seemed the courts agreed, as the company released a statement on 9 September stating that it had received judgement in its favour. The process of evaluating the damages will begin at the end of November.
