Sunday 19 April 2015

A weekend review

There were plenty of interesting business stories in the weekend newspapers this weekend but the ones that caught my eye were the tales involving Quindell, the controversial AIM-listed business.

Ben Martin, market reporter over at The Daily Telegraph, did well to get some quotes out of Robert Terry, the former chairman and founder of the business, about his plans for Daniel Stewart, the stockbroker. Here is a link to Ben's piece:

However, it was the Financial Times' scoop about Edmund Truell's approach for one of Quindell's remaining divisions that really piqued my interest, especially as I can provide some insight into the situation.

The Financial Times reported late on Friday that Tantalum - a vehicle connected to Mr Truell's Disruptive Capital Finance group - recently approached Quindell about buying its telematics business for about £50 million. Here is a link to the FT piece:

My understanding, though, is that Truell tentatively approached Slater & Gordon, which is buying Quindell's legal/profeesional services unit for almost £640 million, about a deal back when the Aussies were in hot and heavy discussions about their transaction.

Truell's idea, according to my sources, was for Slater & Gordon and his vehicle to buy the whole of Quindell, keep the pieces of the company they both wanted and then sell of the remainder. In fact, I mentioned a few weeks ago on Tip TV that Truell/Tungsten, one of the entrepreneur's listed vehicles, had been circling Quindell.

However, the Aussies sent Truell packing. So, clearly the entrepreneur has decided to embark on a takeover of Quindell's telematics business on his own...  

1 comment:

  1. Hello Everyone I am Daniel Steve from Texas, USA. I will like to share the goodness of God in my life after so many months of trying to get a loan on the internet and was been scammed so i became restless and desperate in getting a loan from a legit lender online. But as God would have it, i saw a comment from a friend called William Ken and he talked about this legit loan company where he got his loan fast and easy without any stress so he introduced me to a man called Mr Mason Diego who controls a firm called Diego Loan Company, So i applied for a loan sum of ($170,000.00USD) with low interest rate of 2%, so the loan was approved and deposited into my bank account in less than 48hrs, that was how i was able to get back on my feet to keep my broken business running and also to pay off my bills so i am advising everyone of you who is interested in getting a loan without collateral, no credit check, no co signer with just 2% interest rate and better repayment plans/ schedule, to please contact Mr Mason Diego. You can contact him through his email: