Bought in today... have missed out on the impressive gains so far but solid progress is being made here and a good story developing so it looks good for more gains in the near future (imho)....

Quindell Portfolio, the brand extension company, says trading has continued positively in the period under review, building on the strong performance delivered by the Group in the first half.

The company expects to be significantly ahead of market expectations for the 15 month period ending 31 December 2011.

The Group announced back in October that it had won contracts with six established brands and one exciting new digital brand within the insurance, telecoms and utilities sectors, including for the first time, solar energy; and that revenues for 2011 were expected to be ahead of market expectations.

Since then, the Group has won further major contracts with established brands within the telecoms, utilities, on-line education and insurance sectors for both its technology enabled business process outsourcing division and software solutions division.

In aggregate, these contract wins could contribute over £6 million of annualised revenues. In addition, the Group has acquired two further businesses, Maine Finance and, most recently, Mobile Doctors Group Plc.

Margin performance has also been strong and, for 2011, margins are expected to be between 35 and 40 per cent. within its technology enabled business process outsourcing operations

Ok thanks - didn't particularly want to register to read it.

Nor did I.

From Directors talk:

Quindell Portfolio (LON:QPP) was closely scrutinised by the market after unveiling its latest contract win – one of eight signed in recent weeks.

The firm has struck an outsourcing contract to run to March 31 next year with a large UK broker, it said.

This deal, in combination with seven others, inked in recent weeks, should increase the group's run rate revenues in the region of £100 million per year from July this year, it said.

Last updated: Wed Jun 05 09:40:08 BST 2013
5 JUNE 2013 Quindell QPP (FTSE AIM All Share) 9p BUY (TP - 34p)

Company: Daniel Stewart

Further Outsourcing Contract Win
? Quindell today announced it has signed an initial outsourcing contract with
a large UK broker to 31st March 2014, with run rate revenues of over £25m
per annum. The contract in addition to the seven significant contracts
signed over recent weeks will increase Quindell’s run rate revenues
c.£100m per annum from July 2013, further underpinning our forecasts for
2013.
? The broker, who has a broad product range including auto, property and
commercial, will use Quindell’s end to end proposition of a complete
technology enabled supply chain offering for personal injury claims,
medical reporting, multi disciplined rehabilitation and auto accident repair.
? The stock continues to trade on an undemanding multiple of 4.1x FY13
earnings a significant discount to other software participants in the market.
We reiterate our buy recommendation and 34p target price.

StockMarketWire.com
Quindell said as previously announced it has been targeting a move from AIM to a premium listing, The company and its advisors continue to work on achieving this target as soon as practicable.

Shareholders will be updated on progress and timing prior to, or on the date of Quindell's AGM on 19th June 2014.

Down 10% today not good.

5.75% declared short interest.

You swine! :-)

Don't understand what Short Interest is.
For me company fundies have not changed so holding with it.

Looking at the longer term chart, I think we were always going to test the 15p level and shake out a few more investors.

parrisf - It might be worth just understanding the basics of short selling, as it can greatly affect a stock price, particularly in the AIM market. At least if you then understand what is going on, you can ride out the storm without being panicked into selling. (Lots of good info via search engine). Of course, one argument is that if the stock price was based on sound fundamentals, then the shorters wouldn't get a look in, so on the flip side, the shorters would be effectively exposing a fundamental weakness in the company if they can go short.

I see the other scary boards (posters) are predicting 12p!

I would not be surprise 10p today.

Further Update on Premium Listing

Quindell Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors, is today providing a further update on its proposed move to a Premium Listing on the Main Market.

As previously announced, the Company's advisers have been engaged regarding a move to the Premium List of the Main Market. Considering the significant growth of the Group in recent years the Company has today been advised that it has not been able to satisfy Listing Rule 6.1.3 at this time, and particularly, the criteria in Listing Rules Guidance Note 6.1.3E (5) which states that an applicant may not be eligible if its business has undergone a significant change in its scale or operations during the period of the historical financial information, being the last three years' audited accounts.

The Company and its advisers continue to believe that the Premium List is the optimum UK market for the Company and will continue to seek a listing on this market as soon as practicable. The Company will also continue to explore other options, including listing in North America.

Rob Terry, Founder and Executive Chairman of Quindell said: "Firstly, I would like to take this opportunity to apologise to shareholders, who will no doubt be as disappointed as the Board are at hearing this news. This is in no way reflective of the success of fundamental performance of the business. Quindell's relationships with customers and partners remain exceptionally positive, with a number of initiatives being undertaken in new territories and relationships in existing territories continuing to expand.

Our outsourcing Services Division continues to grow and perform extremely well with our planned improvements to operating cash flow remaining on track. The long term growth potential of telematics for the Group's Solutions Division continues to exceed our expectations with a significant number of new clients now live and the percentage of consumers opting for a telematics solution, when available, in North America significantly exceeding our previous guidance. A more detailed trading update will be provided at the time of our AGM.

Regrettably it is Quindell's success and change of scale of its operations during the last three years that is a core reason for the Group not being deemed to be eligible for a Premium Listing at this time. Quindell has significantly expanded its business into new areas of opportunity, which has resulted in a business employing over 4,000 people today globally and has organically created approaching 1,500 jobs in the UK making Quindell one of the largest employers in a number of areas of the country. The Board will continue to investigate all options whilst not being distracted from continuing to deliver a market leading return on capital employed and EPS growth for our shareholders."

glad i bit the bullet about a week ago

If I was short I'd certainly be taking profits here.

I could be entirely wrong but I imagine a smarting Rob Terry will take the bull by the horns and delist in London for NYSE. They've indicted they are considering it so maybe sooner rather than later. I see the WSJ has picked up on it already.

Would not surprise me 9 or 10p sometime.

I can't believe the reason given , surely subsection blah blah blah also says .... UNLESS blah blah blah and they don't meet the unless criteria.

Just a thought and I may be wrong but on the face of it that rule in isolation is stupid.

i suspect that the public news is mere smokescreen to cover a different agenda