I haven't seen anything written about the warranties, they are a carefully guarded secret and IR is no help. Given that it costs $30-40m per half to run the portfolio it seems reasonable that Quindell would have to provide some assurance the cases are of reasonable quality. I don't think it was a case of getting them for free and buyer beware, SGH probably didn't want them although NIHL has been a growth area for PI industry and Quindell now has no capacity to run the cases and if couldn't sell them would have had to give them away. November 2016 comes to mind as a critical date for the warranty money release so we will know soon. The profit sharing runs out in June 2017 so I assume any cases not completed by then become owned by SGH or do they revert to quindell. Who knows? I hope he does
SGH Price at posting:
53.3¢ Sentiment: Buy Disclosure: Held
