Following my last post, Jonathan Hufford, the MD of Spreadex, has been in touch to explain why the spreadbetting firm has had to mark positions in Quindell at 30p.
Hufford, who I have to say seems like a reasonable chap, explained that his clearing bank, Commerzbank, had marked Quindell stock at 0p.
A cheeky financial blog with stories about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. [Disclaimer - the information on Betaville does not constitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions.]
Showing posts with label Spreadex. Show all posts
Showing posts with label Spreadex. Show all posts
Friday, 3 July 2015
Punters outraged after some spreadbetters mark Quindell positions at 30p a share; fears move could trigger share price crash when suspension is lifted
Stock market punters are up in arms after it emerged some of the spreadbetting firms have begun marking positions in embattled Quindell at just 30p a share.
For readers that don't recall, Aim-listed Quindell has had it shares suspended after the Financial Conduct Authority decided to investigate the company's accounts between 2013 and 2014.
For readers that don't recall, Aim-listed Quindell has had it shares suspended after the Financial Conduct Authority decided to investigate the company's accounts between 2013 and 2014.
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