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07/04/16
08:39
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Originally posted by Alex999
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New NIHL cases stopped before Quindell was acquired in April 2015. There's been a moratorium since.
If the gossip in the Law Gazette is correct, they're stopping most of the ongoing work on NIHL (Liverpool) inherited from Quindell.
They poured $30m down drain in H1 on NIHL and still forecast 40-50% success rates as at reporting at end of Feb.
If this story is correct, NIHL may be a complete write-off. Nobody bullish SGH forecast this, the opposite, though it's what I have been predicting.
More generally, this story reads like centrifugal forces just getting underway with all the speculation closures and shutdowns and no precise management plan.
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Alex, in light of overnight news in UK, do you still think it is 10/90 , survival/VA . IMO why would they bother with this restructure is no future..just wait to close all the doors.