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Quindell-The Information & News Thread (QPP)     

banjomick - 07 Jan 2015 21:47

quindell-logo-portrait.png


Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.


Chart.aspx?Provider=Intra&Code=qpp&Size=Chart.aspx?Provider=EODIntra&Code=QPP&SiNEWS

02nd Nov 2015 Capital return update
30th Sep 2015 Interim Results Presentation For The Six Months Ended 30 June 2015
30th Sep 2015 Interim Results for the six months ended 30 June 2015
17th Aug 2015 Board appointment/Change of Nominated Adviser
06th Aug 2015 RESTORATION OF TRADING ON AIM
05th Aug 2015 Regulatory update
05th Aug 2015 Results and publication of Report and Accounts for the year ended 31 December 2014

EVENTS

26th Nov 2015 General Meeting
Insurance Telematics Europe 2015(14th-15th April | Park Plaza Victoria London, UK)


WEBSITES
ingenielogo.png 16129731aa_t.gif

DEDICATED & UPDATED POSTS

Ingenie



'Would you kindly' post Views/Speculations on one of the many other QPP threads,cheers.

deltazero - 08 Jan 2015 22:03 - 11 of 180

ha ha lol

banjomick - 09 Jan 2015 01:06 - 12 of 180

Just to clarify why I've returned to MoneyAM is due to ADVFN and their ties with the old fashioned and now irrelevant Tom Winnifrith and Evil Knievil along with the rest of the 'gang'. It's a kick in the teeth for me to give ADVFN £43 a month!

"ADVFN PLC

7 January 2015

ADVFN Plc ("ADVFN" or the "Company") is pleased to announce that the Secretary of State for Culture, Media and Sport and Minister for Equalities, Sajid Javid will be the opening speaker at the UK Investor Show 2015.

Sajid Javid MP will join 40 other speakers at UK Investor Show on 18(th) April.

The UK Investor Show, which is expected to be the top one day investor conference of 2015, is delighted to announce that the Secretary of State for Culture, Media and Sport and Minister for Equalities, Sajid Javid will be opening the show as a keynote speaker.

A former investment banker, Mr. Javid previously served as Economic Secretary from 2012 to 2013 and as the Financial Secretary to the Treasury from 2013 to 2014 and, according to commentator Iain Dale, is a potential future leader of the Conservative party.

Mr. Javid will share his views on the future of the City and UK Business as part of a pre-election briefing and what it means for AIM and small cap business.

At the ADVFN organised show, Mr. Javid joins a star studded line up of 40 top speakers including Britain's Buffett Nigel Wray, former C4 boss and food retailing entrepreneur Luke Johnson, The Web Sheriff Ben Edelman of Harvard, Quindell busting Tom Winnifrith, top fund manager Paul Jourdan of Amati, the Queen of Tech Vin Murria, mining gurus Dominic Frisbey and Amanda van Dyke, Ed Croft, Paul Scott and the UK's leading short sellers Evil Knievil, Matt Earl and Lucian Miers.

The show, sponsored by SwissQuote, also features 110 PLC stands, the CEOs of 75 of which will be doing investor presentations throughout the day. As of today more than 90 of these stands have been booked and details can be found at www.UKInvestorShow.com

Over 2,000 serious investors are expected to be attending the conference on 18(th) April at the QE2 Centre in Westminster, London, to hear Sajid and the other speakers and to meet the companies. Ticket sales are ahead of last year and all the indications are that the UK's premier investor show will be sold out well ahead of April.

The event will be co-hosted by Charlotte Argyle and Ben Turney of ShareProphets

Michael Hodges, the chairman of ADVFN said "The UK's leading investor show is delighted to welcome Sajid Javid, Secretary of State for Culture, Media and Sport and Financial Secretary to the Treasury up to 2014, to outline how the City and small business can be helped to grow. - we look forward to another scintillating event in Westminster on 18(th) April with our best speaker line-up ever." "
http://uk.advfn.com/news/RNSNON/2015/article/65009078

banjomick - 11 Jan 2015 19:54 - 13 of 180

City Heavyweights To Join Quindell Revamp
18:58, UK,
Sunday 11 January 2015

The controversial company will appoint a quartet of senior City figures to allay concerns over its finances, Sky News learns.

By Mark Kleinman, City Editor

A former finance director of Royal Mail and one-time boss of Prudential in the UK will this week join an attempt to rehabilitate the reputation of the controversial insurance claims outsourcer Quindell.


Sky News has learnt that the company, which has seen its stock market valuation crash from a peak of £2.5bn amid doubts over its financial probity, will name Richard Rose, the chairman of online electrical goods retailer AO.com and cash-and-carry operator Booker Group, as its new chairman.

Jim Sutcliffe, a former boss of the insurer Old Mutual and Prudential UK, is to become deputy chairman.

Banking sources said that Quindell also plans to name Marisa Cassoni, who was finance director of Royal Mail and John Lewis and who is now a director of the Skipton Building Society, as a consultant.

John Tomlins, a former colleague of Mr Sutcliffe, will also join in a consulting role.

The group of heavyweight appointments, which are likely to be announced on Monday, is intended to remove lingering market uncertainties about the state of Quindell’s finances and the robustness of its business model.

One of Mr Sutcliffe’s current roles is as chair of the codes and standards committee of the Financial Reporting Council, the accounting regulator, which one source suggested should reassure Quindell investors.

The announcement will come, however, amid an ongoing investigation led by PricewaterhouseCoopers into Quindell’s performance following months of turmoil at the company.

Quindell’s founder, Rob Terry, had promised to revolutionise the insurance industry by taking on a large chunk of its claims processing activities, but eventually quit the board late last year after a row over share deals involving himself and other directors.

David Currie, a former Investec banker, stepped in to replace Mr Terry as chairman, and has been focused on addressing shareholders’ concerns about Quindell’s corporate governance.

Mr Rose’s appointment will mean that Mr Currie will step down as chairman, but he is expected to remain on the board as a non-executive director.

Earlier this month, Quindell said it was in exclusive talks about the sale of one of its divisions, while it is also engaged in discussions about transactions involving other parts of the group.

Quindell, whose financial affairs have become one of the City’s most notorious talking points, raised £200m from investors in 2013 in order to become a one-stop shop for car insurers.

It provides a range of services which help insurers assess and treat drivers and passengers, leading to the formation of a joint venture with the RAC, the roadside recovery service.

The partnership was hailed as the beginning of a far-reaching initiative that would involve installing more than 2m telematics black boxes in cars across the UK, but has since been scaled back to a far more limited project.

Quindell has faced persistent questions over the way it books revenues and its financial forecasts, which it has rebutted, but the sense of crisis surrounding it deepened in November, when Canaccord Genuity resigned as its joint corporate broker.

A replacement has yet to be appointed.

Quindell’s shares have plummeted by more than 70% in the last 12 months, although they made significant gains last week when it emerged that Toscafund, a prominent City investor, had acquired a 5% stake in the hope that its fortunes would improve.

The company, which is now valued at around £370m, declined to comment on Sunday.

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banjomick - 12 Jan 2015 07:56 - 14 of 180

12 January 2015

Quindell Plc

Update and Board appointments

Quindell Plc (AIM: QPP.L), provides an update on, inter alia, the year end position of the Group and the search for a permanent Chairman and Board appointments.

Board appointments

The Company announces that, subject to Solicitors Regulation Authority approval and completion of appointment formalities, Richard Rose will join the Board as non-executive Chairman and Jim Sutcliffe will join as Strategy Director and Deputy Chairman.

Pending such regulatory approval regarding their appointment to the Board, both Richard Rose and Jim Sutcliffe will be employed by the Group to build upon the progress already made and to assist the Board, inter alia, in the development of the Group's accounting policies (in conjunction with PwC and the Company's auditors, KPMG), the formulation of the Group's future strategy, and the delivery of the optimal capital structure for the Group.

Upon Richard Rose's appointment to the Board, David Currie will step down from his position as interim non-executive Chairman and his role will revert to non-executive director.

To supplement the work of Richard Rose and Jim Sutcliffe, the Board has today entered into an agreement to receive consultancy services from BaxterBruce Limited ("BaxterBruce"), a consultancy firm of which Jim Sutcliffe is a Director. In addition to Jim Sutcliffe and Richard Rose, BaxterBruce will utilise its associates Marisa Cassoni and John Tomlins for this engagement with the Company.

As part of the remuneration and incentive package agreed with Richard Rose and Jim Sutcliffe, it is the intention of the Board to grant to them options over the Company's Ordinary Shares of 15p each ("Shares"). Richard Rose will receive options over approximately 8.73m Shares and Jim Sutcliffe will receive options over approximately 10.9m Shares. It is the intention of the Board that these options will be granted with exercise prices from 68.65p (being the average middle market quotation of a Share for the last 5 dealing days) up to £3.40 and vesting will occur at intervals spread over the next 12 months. Further details will be included in the announcement made when such options are granted.

Trading update

Trading in the Group's business remains robust in both Professional Services and Digital Solutionswith management satisfied with case volumes, case settlements and digital solutions revenues. The Group's revenue and earnings are subject to the Independent Review of accounting policies and guidance will be given by the Board following conclusion of the Review.

Operating cash inflow for H2 2014 (before exceptional items but including initiatives that concluded in the period) was approximately £13 million. Cash generation remains a key focus of the Group and initiatives to improve the working capital profile of the Group continue to be pursued. The Board remains comfortable with the Group's overall cash position and, taking into account the Group's cash reserves and continued access to its three credit facilities, believes that the Group's resources are sufficient to deliver on management's current plans. As at 31 December 2014, the Group had gross cash of approximately £69 million and drawn banking facilities of approximately £52 million.

Corporate matters

As announced on 2 January 2015, the Company has entered into an exclusivity arrangement with a third party in respect of the possible disposal of an operating division of the Group. The Company remains engaged with this party and is also in early discussions with a range of parties interested in exploring possible transactions with the Group relating to a number of its operating businesses but there can be no certainty that any of these discussions will lead to the disposal of any of the Group's assets.

Independent Review

The Independent Review is ongoing and shareholders will be updated as appropriate. The Board's current expectation is that the review will be completed by the end of February.

Commenting on the appointments, David Currie, interim non-Executive Chairman, said:

"I am pleased that such a high calibre group of professionals will be helping the Board at this time and that Richard and Jim are expected to join the Board in due course. Richard, Jim, Marisa and John have extensive public company, accounting and sector knowledge and I look forward to working with them and the existing management in completing the Independent Review, acting on its conclusions and in formulating our Group strategy."

Robert Fielding, Group Chief Executive, said:

"We welcome Richard and Jim to the team; both bring a wealth of experience which will assist the business as we move in to our next phase of development."

Information required under paragraph (g) of Schedule 2 of the AIM Rules will be made following final regulatory approval and at the time of the formal appointment of Messrs. Rose and Sutcliffe.


Background information


Richard Rose has extensive public company experience and is currently Chairman of AO World plc, Crawshaw Group plc, Booker Group plc and Anpario Group plc. Richard's previous roles include that of Executive Chairman of Helphire plc, the listed credit hire and legal services / injury claims business (now Redde plc).

Jim Sutcliffe has considerable experience in the financial and professional services sector. He is currently Chairman of Sun Life Financial, Canada, Senior Independent Director of Lonmin plc and a non-executive director of Liberty Holdings, South Africa. He is also a non-executive director and Chairman, Codes and Standards Committee of Financial Reporting Council. Previously, Jim has held the position of Chief Executive Officer of Old Mutual PLC and Chief Executive Officer of Prudential UK.

Marisa Cassoni is an experienced Finance Director and currently non-executive director of The People's Operator plc, GFI Group Inc, Skipton Building Society and AO World plc. Previously Marisa was the Finance Director of the John Lewis Partnership and prior to that was the Group Finance Director of Royal Mail plc.

John Tomlins has spent his entire career working in the IT and financial services sectors, is chairman of a large provider of Wealth Management systems and administration and is a non-executive director of A J Bell Holdings Limited.


-ends-

http://www.moneyam.com/action/news/showArticle?id=4956491

banjomick - 12 Jan 2015 08:57 - 15 of 180

Quindell brings in two City heavyweights
By Ian Lyall
January 12 2015, 8:27am

The troubled insurance outsourcer Quindell (LON:QPP) has moved to restore a modicum of credibility with the City with the appointment of two experienced and well regarded independent directors.

Richard Rose, currently chairman of internet retail group AO World, and Jim Sutcliffe, the former boss of insurer Old Mutual, will be appointed chairman and deputy chairman respectively.

Quindell is also hiring two consultants: Marisa Cassoni, former finance chief at John Lewis and Royal Mail, and John Tomlins, who worked for Sutcliffe at Old Mutual’s Skandia investment arm.

Interestingly, the two new directors have agreed to be paid in share options with exercise prices from 68.65p up to £3.40.

The stock closed Friday at just above 83p; however it was last above £3 in April, before a series of catastrophic warnings and revelations about the business set investors scurrying for the exit.

Rose will replace former Investec banker David Currie who in turn stepped in to replace Quindell founder Rob Terry, who was ousted in the wake of a controversial share deal that saw him cut his stake in the group.

Currie is expected to remain on the board as a non-executive director.

Sutcliffe’s current role as chair of the codes and standards committee of the Financial Reporting Council, the accounting regulator, should reassure Quindell investors.

The company is currently in the throes of an investigation led by PricewaterhouseCoopers, which is also helping to reshape its accounting policies.

Chief executive Robert Fielding said: "We welcome Richard and Jim to the team; both bring a wealth of experience which will assist the business as we move in to our next phase of development.”

Separately, Quindell revealed it generated £13mln of cash in the second half of the year, which means it is sitting on £69mln.

At the same time it has drawn banking facilities of £52mln.

69060_163846843643689_7687549_n.jpg?oh=1

banjomick - 12 Jan 2015 11:14 - 16 of 180

12 January 2015

Quindell Plc

Grant of options


Quindell Plc (AIM: QPP.L), announces that as part of remuneration and incentivisation arrangements relating to the appointment of Richard Rose and Jim Sutcliffe, the Company has granted a total of 19,640,115 share options to subscribe for new ordinary shares of 15p each in the Company ("Shares") to Richard Rose and Jim Sutcliffe:




Name------------Prospective Position-----------------------No. of options granted
Richard Rose--Non-executive Chairman------------------------8,728,940
Jim Sutcliffe---Strategy Director and Deputy Chairman------10,911,175


These options have the following key terms:

Vesting: 60 per cent. of the granted options shall vest on 15 July 2015. The remaining 40 per cent. shall vest in six equal tranches on each of 15 August 2015, 15 September 2015, 15 October 2015, 15 November 2015, 15 December 2015 and 15 January 2016; and Exercise price: 40 per cent. of each individual's granted options (and subject to vesting) shall have an exercise price of 68.65p (being the average middle market quotation of a Share for the last 5 dealing days); 20 per cent. of the granted options (and subject to vesting) shall have an exercise price of £1.00; 13.333 per cent. of the granted options (and subject to vesting) shall have an exercise price of £1.70; 13.333 per cent. of the granted options (and subject to vesting) shall have an exercise price of £2.40; and the remainder (being 13.334 per cent.) of granted options (and subject to vesting) shall have an exercise price of £3.40.



In addition, a total of 11,625,000 share options to subscribe for Shares have today been granted as follows:


Name-----------------Position-----No of options granted-----Total no. of options held
Robert Fielding-----Group CEO-------6,000,000-------------------6,625,000
Robert Thomson----CEO EMEA-------2,812,500-------------------3,437,500
Tim Scurry------CEO North America-2,812,500-------------------3,229,166


These options shall vest as to one third on each anniversary of the grant and are subject to the Rules of the 2012 Quindell plc Unapproved Option Scheme and have an exercise price of 68.65p (being the average middle market quotation of a Share for the last 5 dealing days).

Once vested, all options are normally exercisable for a period of up to ten years from grant.

Following the grant of all of these options, an aggregate of 56,482,736 options will be in existence representing 12.9 per cent. of the issued share capital of the Company.

http://www.moneyam.com/action/news/showArticle?id=4956768

banjomick - 12 Jan 2015 15:38 - 17 of 180

Quindell robust

StockMarketWire.com

Quindell has appointed Richard Rose as non-executive chairman, at the same time stating its business remains robust in Professional Services and Digital Solutions with management satisfied with case volumes, case settlements and digital solutions revenues.

Jim Sutcliffe will join the board as strategy director and deputy chairman.

Quindell said operating cash inflow for H2 2014 (before exceptional items but including initiatives that concluded in the period) was approximately £13 million.

Cash generation remains a key focus of the Group and initiatives to improve the working capital profile of the Group continue to be pursued.

The Board remains comfortable with the Group's overall cash position and, taking into account the Group's cash reserves and continued access to its three credit facilities, believes that the Group's resources are sufficient to deliver on management's current plans. As at 31 December 2014, the Group had gross cash of about £69m and drawn banking facilities of about £52m.

As announced on 2 January 2015, the Company has entered into an exclusivity arrangement with a third party in respect of the possible disposal of an operating division of the Group.

The Company remains engaged with this party and is also in early discussions with a range of parties interested in exploring possible transactions with the Group relating to a number of its operating businesses but there can be no certainty that any of these discussions will lead to the disposal of any of the Group's assets.

http://www.moneyam.com/action/news/showArticle?id=4956584

banjomick - 13 Jan 2015 07:53 - 18 of 180

New chairman hire pushes Quindell shares back over the £1 mark
13th January

Quindell's share price broke through the £1 barrier in yesterday's trading after the troubled insurance outsourcer revealed that it had hired Richard Rose as its ...

http://www.insurancetimes.co.uk/new-chairman-hire-pushes-quindell-shares-back-over-the-1-mark/1411408.article

banjomick - 16 Jan 2015 12:22 - 19 of 180

Sutcliffe quits FRC code and standards committee
16 Jan 2015

Jim Sutcliffe, who joined the board of insurance outsourcer Quindell earlier this week, has decided to stand down from his position on the board of the Financial Reporting Council (FRC) and as chairman of its codes and standards committee with immediate effect, the regulator has announced

He will be replaced by Nick Land, former EY chairman and a director of the FRC, who will take over from Sutcliffe as the new chair of the code and standards committee. Land is also chair of the audit committee at Vodafone.

Sutcliffe’s decision to be part of the new management team at Quindell as deputy chairman and strategy director alongside the new chairman Richard Rose, has attracted some critical comments since it was announced four days ago because of the decision to offer the two men and a third executive more than £25m in share options with terms and conditions which appeared to contravene the UK Corporate Governance Code, which is regulated by the FRC.

As a result of joining the company, Sutcliffe received options to 10.9m shares, and will be paid consultancy income by Quindell which has hired the services of BaxterBruce Ltd, a risk management consultancy where Sutcliffe is a director. Sutcliffe’s options are all exercisable within 12 months, whereas the code states that in normal circumstances options should not be exercisable in less than three years, and suggests a three to five year term.

In December it was announced that PwC is to carry out an independent review of accounting practices at Quindell, which has seen a sharp fall in its share price after the sudden departure in December 2014 of its founder and other members of the senior management team following criticism of a share deal.

Sir Win Bischoff, chairman of the FRC, said: ‘I wish to thank Jim Sutcliffe for his commitment and service to the board and his effective leadership of the codes and standards committee and before that the board for actuarial standards of the FRC.’

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banjomick - 16 Jan 2015 16:33 - 20 of 180

IBAO: Insurance Brokers Association of Ontario
6 January at 11:15

If you have questions about ingenie and the new updates, we have posted a great fact sheet as a resource. http://ow.ly/GPGeb


ingenie Fact Sheet: Your Questions, Answered

Many of you asked excellent questions during the Understanding the Broker Owned Telematics Model webinars held over the past two weeks. Many of your questions were with respect to ingenie. We’ve compiled the answers, updated our ingenie FAQ document and have attached it here for your reading pleasure. For more information feel free to visit the ingenie website.

https://www.facebook.com/IBAO1?fref=nf

banjomick - 21 Jan 2015 12:52 - 21 of 180

Telematics Offering for Fleet Managers Launches Today

fleetadvisor® enabling fleet managers to better manage business risks

TORONTO, Jan. 20, 2015 /CNW/ - Independent Broker Resources Inc. (IBRI), a wholly owned subsidiary of the Insurance Brokers Association of Ontario (IBAO), is pleased to announce the launch of fleetadvisor®, a revolutionary customizable fleet management solution. This offering is now available through your local insurance broker or www.fleetadvisor.ca.

This broker-owned telematics solution was designed and produced by IBRI using Quindell technology.

Fleet managers can reduce operational risk associated with fleet management, reduce administration costs and improve vehicle health. fleetadvisor® includes the provision of an overall driving score for each of their commercial operators to manage and understand driver behavior to improve fleet safety. fleetadvisor® uses telematics devices installed in commercial vehicles to allow fleet managers to effectively manage fleet risk and reduce operating costs. The product ensures that the data is owned by the consumer. With the fleet manager's consent, brokers will have viewing access.

"The IBAO is very pleased to announce the launch of fleetadvisor® which not only will enable fleet managers to better control their business risk within their fleets, but also offer our member brokers a value added product to support their commercial clients," said Michael Brattman, President of the IBAO.

Insurance brokers or insurance companies looking to get involved as a distributor should visit ibao.org. Fleet managers can find out more and purchase the technology by visiting www.fleetadvisor.ca.

http://www.newswire.ca/en/story/1475069/telematics-offering-for-fleet-managers-launches-today

banjomick - 22 Jan 2015 08:47 - 22 of 180

Time will tell.............

Thu Jan 22, 2015
* QUINDELL - Ben Harrington's Betaville blog reports that law firm Slater & Gordon is in exclusive talks to buy Quindell's legal services division. Quindell and Slater & Gordon declined to comment, the blog said.

reuters-logo-2008-cropped--300x79.gif

banjomick - 22 Jan 2015 17:35 - 23 of 180




22 January 2015

Quindell Plc

Press speculation

On 2 January 2015, Quindell Plc (AIM: QPP.L) announced it had entered into exclusivity arrangements in respect of the possible disposal of an operating division of the Group. The Company notes the speculation concerning the identity of the third party and can confirm that Slater & Gordon Limited ("S&G") is the party referred to in previous announcements.

There can be no certainty that these discussions will lead to an offer for, or the disposal of, an operating division of the Group.
-ends-

http://www.moneyam.com/action/news/showArticle?id=4963700

banjomick - 22 Jan 2015 18:05 - 24 of 180

Breaking: Quindell in sale talks with Slater & Gordon
22 January 2015By John Hyde

Listed legal services provider Quindell has confirmed it is in talks with international firm Slater & Gordon about the sale of one of its businesses.

Quindell made the announcement, entitled ‘press speculation’ to the London Stock Exchange this afternoon.

The company announced on 2 January it was in talks with a buyer about selling a section of the business.

The statement said: ‘Quindell announced it had entered into exclusivity arrangements in respect of the possible disposal of an operating division of the group.

‘The company notes the speculation concerning the identity of the third party and can confirm that Slater & Gordon Limited (S&G) is the party referred to in previous announcements.

‘There can be no certainty that these discussions will lead to an offer for, or the disposal of, an operating division of the group.’

Slater & Gordon, which is listed on the Australian stock exchange, has been relatively quiet since a rush of mergers after it first arrived in the UK with the takeover of Russell Jones & Walker in 2012. The latest merger with Pannone will see the Manchester firm rebranded in March.

The group reported in its annual financial report last year that it had 1,300 employees in the UK, up from 425 when it first arrived in this country.

Quindell has built a significant legal services division through the acquisitions of Abstract Legal Holdings, the parent company of Accident Advice Helpline, personal injury firms The Compensation Lawyers, Silberbeck Rymer and Pinto Potts, and costs firm Compass Costs.

The group suffered a difficult 2014, with a negative report from analyst Gotham City Research, the failure to achieve a premium listing and the resignation of management figures all sending the share price tumbling.

Since the turn of the year, the value has somewhat recovered, and it has been boosted still by the news of the Slater & Gordon interest, with the share price today rising 16.25p to 121.5p – an increase of more than 15%.

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Also:

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banjomick - 26 Jan 2015 19:20 - 25 of 180

Talk on Phillip Green's plans, IAG and Quindell

Published on 26 Jan 2015

M&A with Ben Harrington - Freelance Business Journalist & Betaville Blog looking at what Philip Green's plans going forward, IAG have their 3rd offer and the latest market talk on Quindell (QPP).

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banjomick - 30 Jan 2015 08:26 - 26 of 180

General interest:

Quindell signs lease at Trident park building
30 January 2015

Insurance outsourcer Quindell has signed a deal to take 38,000 sq ft of office space in Property Alliance Group’s newly acquired business park in Manchester.

http://www.propertyweek.com/news

banjomick - 02 Feb 2015 12:29 - 27 of 180

2 February 2015

Quindell Plc


Press speculation



Quindell Plc (AIM: QPP.L) announces that, contrary to speculation, the exclusivity arrangements with Slater & Gordon Limited in respect of the possible disposal of an operating division of the Group ("Exclusivity") continue and discussions are on-going.



There can be no certainty that these discussions will lead to an offer for, or the disposal of, an operating division of the Group. The Company will make an announcement if the Exclusivity terminates in the future.

http://www.moneyam.com/action/news/showArticle?id=4969750

banjomick - 02 Feb 2015 13:17 - 28 of 180

Quindell insists Slater & Gordon talks still on as share price tanks 20 per cent
by Catherine Neilan
2 February 2015 12:56pm

Quindell has moved to reassure investors that talks are still ongoing with legal giant Slater & Gordon after its share price tanked this morning.

The troubled insurance claims processor, whose share price had been rallying since the start of the year, saw its share price fall by as much as 20 per cent today.

Following this, Quindell released a statement to the market saying: “contrary to speculation, the exclusivity arrangments with Slater & Gordon in respect of the possible disposal of an operating division of the group continue, and discussions are on-going”.

It added that there “can be no certainty that these discussions will lead to an offer” but said it would make an announcement if the talks were called off in future.

The share price has recovered slightly, though was still down 14.2 per cent at 72.5p. At its peak the share price was 656p.

Still, the outsourcer will be hoping to be leaving the woes of 2014 behind. Last year Quindell's share price plummeted after claims were made against it by shadowy analyst firm called Gotham City.

It was subsequently plagued by a series of problems that saw its share price dwindle even further, and by the end of the year, chairman and founder Rob Terry had resigned, as had its broker, Canaccord Genuity, while investor Fidelity halved its stake.

On reports that it was in talks with Slater & Gordon last month, however, its share price soared 15 per cent.

http://www.cityam.com/208482/quindell-insists-slater-gordon-talks-still-share-price-tanks-20-cent

banjomick - 03 Feb 2015 13:06 - 29 of 180

While the discussions are on-going, a dedicated page:

Slater & Gordon


10653396_10152525735903884_7423459693891        10906301_10152703185693366_2658854499474

NEWS

30th Apr 2015 Disposal Update
17th Apr 2015 Result of General Meeting and Disposal Update
30th Mar 2015 Proposed sale of the Professional Services Division
17th Mar 2015 Quindell UK deal tipped to boost Slater and Gordon share price
24th Feb 2015 UK Exclusivity Arrangement
12th Feb 2015 Slater & Gordon Achieving Critical Mass
10th Feb 2015 Slater & Gordon unveils next two acquisitions, while Quindell talks continue
09th Feb 2015 Half Yearly Report and Accounts
05th Feb 2015 Lawyers head CBD revival
02nd Feb 2015 Press speculation
22nd Jan 2015 Press Speculation
12th Jan 2015 Update and Board appointments


Who we are

Slater and Gordon is a leading consumer law firm in Australia with a growing presence in the United Kingdom (UK) consumer law market. We employ 1,200 people in 70 locations across Australia and 1,300 people in 18 locations in the UK.

deltazero - 05 Feb 2015 22:41 - 30 of 180

i would not want to be out of qpp this weekend!!


1. Slater and Gordon are interested in putting in an offer for the Quindell Legal Services division.

2. S&G have an exclusivity period to formalise their offer.

3. Mr Grech, S&G CEO arrives from Australia this week to attend meeting with Quindell.

4. S&G business update due 10th February 2015

Questions

a) If the CEO intends to be in Australia for an S&G business update on the 10th February, why would Mr Grech fly from Australia to the UK now?

Would anybody travel for four days in a six-day period if didn’t believe a deal was going to happen?

b) Is it possible to give an update on the S&G business on the 10th February without mentioning a potential deal with Quindell that will potentially double the size of the business?

c) Would the most senior person in S&G meet with Quindell before an outline deal had been agreed in principle?

The ducks are all lining up nicely for an announcement regarding the Quindell and S&G deal soon.
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