Quindell (QPP) values its 85% stake in its Himex operation at $240 million. Well that is what it paid and in the balance sheet that sits almost entirely as goodwill. Quindell has made great claims about Himex but do they stack up. I think they do not. And here is why.
A poster posted this on ShareProphets yesterday in the comments below THIS ARTICLE. I have spoken to the man and cross referenced and his credentials are impeccable. He is actively involved in telematics in two US states and is a veteran of the market. He writes:
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