Interesting or sloppy?, page-9

I thought Quindell never made any money!  Im sure in August last year they admitted to making a loss after reporting a profit.

This is the last paragraph of the attached link.

Analyst Andrew Shepherd-Brown predicted the firm, which in August admitted it had been loss-making for years despite claiming to have turned a profit, will be profitable by the end of 2017.


http://www.standard.co.uk/business/...ns-aim-after-414-million-payout-a3141926.html

This kind of info makes it very hard for me to see any worth in the PSD purchase.  SGH will have to prove it to me.  So far their reported cashflow dosen't give me much confidence of future numbers being any good.