Quindell man buys after slump

Just days after innocuous third-quarter numbers, the war between Quindell and a coalition of the media and doubtful investors continues unabated. Quindell, however, is losing. It's lowered revenue targets, but margins will be slightly higher and cash flow has been better-than-expected. Nevertheless, its share price has just sunk to a 16-month low and the legal outsourcing firm can do no right, it seems.

This has proved too tempting for Robert Burrow who sits on the Quindell board as a non-executive director. The qualified solicitor has just spent over £13,500 on 10,000 Quindell shares at 135.5p. He now owns 1.07 million shares.

Burrow last bought shares back in April when they were trading at an equivalent 298p (19.9p before the 15:1 share consolidation). Ouch.

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