S&G Quindell deal will be excellent news for S&G
Why would a Slater and Gordon deal with Quindell be good for S&G?
1. S&G have just bought a hearing loss specialist (see their latest trading update). If you listen to Quindell’s detractors they would have you believe NIHL future revenues are questionable and Quindell’s NIHL work is worthless.
S&G like Quindell recognise the value of this element of the business.
S&G actions increasing their exposure to the NIHL market provides a very good indicator that others are aligned with Quindell’s views of the market.
2. S&G H1 presentation stated that Quindell’s troubles had little to do with its legal practices. This indicates S&G have confidence in the Quindell model and it aligns with how they operate.
3. S&G continues to assert their interest in the UK is all about scale. The easiest way they can obtain an additional 7% market share is to purchase QLS.
4. S&G is on 19x…
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