These are all good simple indicators as to why Quindell is a successful business.
1) Payment of Corporation Tax
The company paid £30.7m in Corporation Tax for the 6 month period ending June 2014. Cenkos forecast £72million payable in total in 2014.
Only successful businesses pay Corporation Tax.
2) Forensic analysis of accounts and business
Due to many spurious allegations the business has had its accounts forensically challenged for accuracy. It is inconceivable KPMG haven’t checked every single detail before signing off the accounts.
3) Major Contract Wins
No organisation would sign a major contract with Quindell without carrying out due diligence. Quindell are signing major contracts.
4) Cash Inflow
Crossed over to cash positive in July 2014 ahead of forecast.
Cash inflow increased to £750k per day in Q3.
5) Directors Share Purchases
In the last 12 months Directors of the business paid upto 380p per share.
All indicates Quindell are successful and under valued.