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Quindell & Himex – The Valuation does not stack up says Industry Veteran

Tom Winnifrith
Monday 14 July 2014

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:

on ShareProphets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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