UK 19:05 Friday, 23 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The fraud at Himex was one of the biggest at Quindell (QPP) and the new board seems intent on burying the bad news. It has made bullish statements about the state of play at Himex knowing full well that it could not justify those statements. Now the unit’s founder Hassan Sadiq, a long term henchman and near neighbour of fraudster Rob Terry, has left the company. This whole thing stinks and the NEW board as well as the old now faces massive questions.
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Comments
Kolo
I have to confess to having a morbid fascination as to what the Himex accounts are going to look like when filed.
Bearing in mind :-]
They will cover a juicy 18 month long rollercoaster train-wreck of a period.
Will have to be full accounts as controlled by a plc for part of the period (so no cunning tricks like filing abbreviated for 31/3/13).
Will have to be audited, ditto above.
Will have to show 2013 full comparatives.
Will no doubt have to re-state the 2013 comparatives also.
No wonder they’re reluctant to file them. They must be gruesome.