SGH 0.00% 54.5¢ slater & gordon limited

Loading up the truck, page-2261

  1. 3,827 Posts.
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    Appreciate that someone with Aust industry knowledge is posting views.

    But, seriously, can you even begin compare the whiplash claim rates in the UK with Aust /as well the UK's whole "crash for cash" industry - which Quindell is at the epicentre promoting - with the Australian car accident claims market?!
    Nothing like that here, not even close in claim rates or frauds.
    Read the over and over anger in the UK about whiplash frauds…and for UK being "fraud capital of word" these whiplash claims.
    If you think Quindell largely unaffected by UK reforms, you're in same camp SGH management! The morning the UK reforms news broke - blah blah announcement "no material affect" from SGH management, but the stock down 44% in first 30 min on massive volume and 51.5% the day on even more volume. Instos and people understood the Quindell UK model and its risks dumped like crazy while punters who read the bland SGH Ann and thought they were being Buffet-like ("Greedy when others Fearful"…….Go!) soaked the dump.
    Quindell the #1 target the UK reforms.
    SGH since down another 35%, so dumpers that November day were right.

    I would say, even without UK reforms, Quindell PSD is a dog with one-and-half legs, but with the UK reforms one way another coming….it's done. Can SGH use their street-smarts to adjust and salvage something from UK disaster - signs not good so far - but, it is possible.
 
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