Latest Broker information and reports

This page captures latest Quindell broker information and reports.

Cenkos Broker note dated 12th October 2014.

In this update Cenkos retain their view that:

1. Current valuation is dominated by uncertainty not fundamentals.

2.Major risk-discount can unwind over the next few months (as the company “rolls” cash, NIHL and telematics guidance into 2015).

3. Above will support an initial re-rating back towards 500p (5x FY15E).

4. Board comment that they are pursuing “all options available to it including share buy backs, North American listing, disposal or demerger of assets or divisions and strategic and/or financial investments by third parties to maximise shareholder value”.

Canaccord Broker note dated 26th November 2014. (note: Cannacord are no longer brokers to Quindell)

Buy target of 362p has been changed to now under review.

Under review as Canaccord no longer have visibility of figures and are waiting information on direction of business associated with board changes.

Daniel Stewart Broker Rating

Buy target price 700p

GECR Report 29th October 2014

Report providing detailed information regarding EPS Growth, Cash flows etc.

http://www.gecr.co.uk/latest-research/2014/10/29/quindell-strong-eps-growth-cash-inflows-commence

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