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Quindell & Himex – just a bit of background

Tom Winnifrith Saturday 30 August 2014

 

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You thought Quindell (QPP) had gagged me with its threats? You misjudge me badly. When Quindell’s lawyers have read this please would they remember to ask your clients “did TMC contribute 41% of 2011 Quindell Turnover?” Think disclosure and bring on the legals, bitchez! Tomorrow I shall comment on the interims and then my wife arrives at the Greek hovel for our wedding anniversary week and I largely down tools until September. But for now I have started looking at Quindell’s biggest acquisition Himex. By way of background…

Himex was started in 2012 by Hassan Sadiq and his Mrs, Elizabeth Dawson, with a mysterious backer DCD Holdings. They invested less than £10,000 to start it up. DCD invested £4000 and its stake at the time Quindell bought out the final Himex shares was valued at £60 million

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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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