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

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

Down again I see when will it ever end.

would expect panto to be watching this one carefully

Going great guns this morning.,.

Up10% today its very strong.

Short profit taking I imagine. And one day soon the tide will turn and they will announce good news - contract wins, discussions with NYSE??

16.875p +2.675p
My comments yesterday somewhere else ........

QPP 13.50p
- Keep an Eye -
Very strong from the start as is bouncing from recent bad news and sharp mark down, strong order book on the bid side