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Wake up Lord Michael Howard of Quindell: Ingenie & Himex are worth jack shit – so say its staff!

Tom Winnifrith
Saturday 8 August 2015

In the results last week from Quindell (QPP) Lord Michael Howard and colleagues wrote down the carrying value of its two largest legacy businesses Himex and Ingenie by c£38 million but there is still almost £90 million of goodwill in the balance sheet for these divisions plus Solutions (non UK), i.e. Canada.  Lord Howard you are dreaming. You are 'avin' a bubble.

Of course it is worse,

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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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