The Evil Diaries: The Rubber Ball

Evil discusses Quindell and Daniel Stewart…

I have been astounded by Quindell (QPP)’s rise. But there we are: I certainly would not short it now.

However, the rubber ball (“he’ll come bouncing back to you – bouncy bouncy”), Rob Terry has bought 52m shares in Daniel Stewart (DAN) or 8%. The shares are ahead by, at the time of writing, 400% at 1p. But I for one think Terry has yet to answer questions at the FCA’s behest re Quindell and such a person is hardly likely to be acceptable as an influence on management of a stockbroker. In any event, what special business will DS now do? It is capitalised at £5m where the climate is pretty difficult.