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.

NEWS

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


DEDICATED & UPDATED POSTS

Ingenie



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

UPDATE - Quindell sells no-win no-fee operation to Aussie firm for £637mln
By Andrew Neil
March 30 2015, 11:18am

--adds detail, broker comment, updates share price--

Troubled outsourcing firm Quindell (LON:QPP) has concluded the sale of its professional services arm to Australian law firm Slater & Gordon for £637mln.

The move will create the largest personal injury law group in the UK and see Quindell shareholders receive around £500mln of the consideration returned to them.

“This is an important landmark for Quindell, delivering significant value for investors from part of our business,” said David Currie, Quindell’s interim non-executive chairman.

Quindell is effectively selling most of itself, as the professional services division - which mainly handles the legal and other aspects of car insurance claims - accounts for almost 90% of its revenues and profits.

But the AIM-listed firm has had a torrid year since a short selling attack by Gotham City Research and controversy over directors’ share dealings.

Its joint broker Canaccord Genuity and its public relations firm Redleaf Polhill both resigned last year. Its market capitalisation was £609mln on Friday, compared with a peak of more than £2bn a year ago.

Richard Rose, who has been acting as a consultant, will take over as chairman if the sales goes through.

Today, he said the group will be restructured to “prudently incubate, develop and grow insurance” related technology businesses based around telematics and software solutions.

In particular, it will become focused on gathering telematics data through black boxes in cars and using that data to sell car insurance through its Ingenie brand.

Currie, brought in as interim chairman in January, will become the company’s sole non-executive director and said the deal would bring “real certainty after a period of considerable turmoil”.

Commenting on the sale, Augustin Eden at Accendo Markets, said: "Quindell is due to become an insurance technology business, ditching all arms that don’t fit that description.

"Although Quindell's share price is still down following last year’s short selling attack led by Gotham City Research, investors who got in in December will already be 378% better off.

"The potential for further gains to come amid confidence that a clear strategy and renewed purpose will take the newly streamlined company forward in 2015."

For ASX-listed Slater & Gordon, it marks a further expansion in the “no win, no fee” personal injury claims space in the UK.

“The acquisition is a transformational opportunity, and will allow Slater & Gordon to further penetrate the highly fragmented £2.5bn UK personal injury market,” said Andrew Grech, Slater & Gordon’s managing director.

Quindell shares added 12p, or 9%, to 154p.

30 March 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Posting of Circular and Notice of EGM


Quindell plc (AIM: QPP.L) announces that it has today posted to shareholders a Circular and Notice of General Meeting together with a form of proxy, relating to the disposal of its Professional Services Division ("Disposal"). Electronic Copies of the Circular and Notice of General Meeting are available to view on the Company's website at www.quindell.com. The General Meeting of the Company to approve the Disposal will be held at 10.00 a.m. on 17 April 2015 at Botleigh Grange Hotel, Grange Road, Hedge End, Southampton SO30 2FL.

http://www.moneyam.com/action/news/showArticle?id=5005891

Richard King
‏@ingenie_Richard Record day for @ingenie yesterday, beating our personal best for sales in one day

https://twitter.com/ingenie_Richard/status/582906310045351936

NOTICE

01/04/2015 9:40am

TEMPORARY SUSPENSION OF TRADING ON AIM

QUINDELL PLC



At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 01/04/2015 9:40am, pending an announcement and publication of an document.


ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)



If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5008021

banjo why post the same info on another thread ,why not use the QPP thread ????

It would take up to much space , between posters chatting

Morning jimmy,

Trying to keep this QPP thread for 'Information & News' rather than speculative posts and waffle.

I will try an keep the header up to date which was another reason for starting this thread.

I'll no doubt have to start another if there is a name change so please don't be concerned.

Updated 16:00

15:45 AIM Restoration - Quindell Plc

15:15 Quindell PLC (QPP) Shareholder Circular Correction

10:52 Stock Exch Notice N05/15 - Cancellation of trades

10:08 Stock Exch Notice Decision with Regard to Trade Cancellation

09:40 AIM Suspension - Quindell Plc

1 April 2015

Quindell Plc
("Quindell" or the "Company" or the "Group")

Shareholder Circular Correction

On 30 March 2015, the Board of Quindell wrote to Shareholders advising them that the Company had entered into a conditional sale and purchase agreement to dispose of the Professional Services Division ("PSD") to Slater and Gordon Limited ("SGH") for an initial cash consideration of £637 million and further contingent cash consideration payable in respect of the future settlement of its clients' noise induced hearing loss ("NIHL") cases ("Disposal"). Words and expressions where defined in that Circular shall, unless the context provides otherwise, have the same meaning in this announcement.

It is noted on page 6 of the Circular that the profits attributable to the Professional Services Division were stated as follows:

"During the financial year ended 31 December 2013, the profits before tax generated by the Professional Services Division contributed in aggregate £82,500,0001 to the Group. During the six months ended 30 June 2014, the profits before tax generated by the Professional Services Division contributed in aggregate £113,400,0002."


The Board has noted that there was a failure to fully transcribe profits related to entities forming part of the Disposal as disclosed in the Circular (predominantly in respect of iSaaS Technology Limited and Intelligent Claims Management Limited, entities previously included within the Company's "Digital Solutions" division in historic financial information). As a result, the corrected total profits attributable to the Professional Services Division are as follows:

"During the financial year ended 31 December 2013, the profits before tax generated by the Professional Services Division contributed in aggregate £96,000,0001 to the Group. During the six months ended 30 June 2014, the profits before tax generated by the Professional Services Division contributed in aggregate £130,700,000 2."


The Company also confirms that during the financial year ended 31 December 2013, the adjusted profits before tax generated by the retained businesses (all save for those detailed as within the Professional Services Division) contributed in aggregate £6,800,000 to the Group (excluding the net gain on re-measurement of investments on becoming associates and associates on acquisition of control in the 12 months ended 31 December 2013 of £4,200,000 as announced in Note 9 of the 2013 Annual Report). Subject to audit, during the six months ended 30 June 2014, the adjusted profits before tax generated by the retained businesses contributed in aggregate £8,500,000 to the Group (excluding the provisional estimate of the gain on re-measurement of acquisitions/investments in relation to the Himex group in the six months ended 30 June 2014 of £14,500,000 as announced in Note 5 of the Interim Statement of 21 August 2014).


The Board also confirms the following:

http://www.moneyam.com/action/news/showArticle?id=5008696

Wed, 1st Apr 2015 14:41
** 3 of the 4 hedge funds holding significant short positions (>0.5%) on Quindell cut their shorts on the stock to less than 0.3% after co agreed to sell its Professional Services Division (PSD)on March 30


** FCA data as of the close on Mar 30 shows Ennismore Fund Management's net short on Quindell at 0.04% vs 1.73% at its previous filing, Coatue Management at 0.2% pct vs 0.76%, TT International at 0.28% vs 0.58%

** Roble SL, with a 2.72% net short, is the only entity still above the 0.5 pct threshold which requires regulatory disclosure.

** Quindell's shares rose as much as 30 pct to 180 pence on Mar 30, when the deal with Australian law firm Slater & Gordon Ltd was announced. They are currently suspended from trading at 140 pence, pending an announcement

** The Telegraph writes the suspension is due to an error found in the deal announcement (http://bit.ly/1C7u1NC) (RM: francesco.canepa.thomsonreuters.com@reuters.net)

01/04/2015 3:45pm

RESTORATION OF TRADING ON AIM

QUINDELL PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 01/04/2015 3:45pm, an announcement having been made.

ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5008748

Quindell embarrassed over profit misstatement
38 minutes ago

Well that's embarrassing.

There is a rarely a dull moment with Quindell, the controversial insurance claims company, which has agreed to sell its professional services arm to Slater & Gordon.

The company has been forced into an embarrassing admission that it understated the profits contributed by the division it is offloading in a circular posted to shareholders explaining the the sale to the Australia-listed law firm.

Originally, Quindell said the professional services unit contributed in aggregate pre-tax profits of £82.5m to the group during the year to December 31 2013, while during the six months to June 30 2014, the company said the division generated £113.4m in profit before tax.

The company has now changed these figures to £96m and £130.7m respectively.

In a statement to the London Stock Exchange, Quindell explains:


The Board has noted that there was a failure to fully transcribe profits related to entities forming part of the Disposal as disclosed in the Circular (predominantly in respect of iSaaS Technology Limited and Intelligent Claims Management Limited, entities previously included within the Company's "Digital Solutions" division in historic financial information).

The admission comes on an interesting day for Quindell. The London Stock Exchange announced earlier today that it was cancelling trades in shares of the company that took place in a two-minute time frame between 9.40am and 9.42am.

Slater and Gordon share offer raises £310m
2 April 2015By John Hyde

Listed Australian firm Slater and Gordon says it has raised the money needed to buy Quindell’s professional services division (PSD) within three days.

The firm announced to the Australian stock market earlier today that it has raised around £310m through the issue of 95.5m new shares.

The entitlement offer was made on Monday and completed yesterday, with around 8% of eligible existing shareholders opting to participate in the share offer.

The money raised will be two-thirds of the new cash needed to complete the Quindell deal, with the rest coming from a banking facility.

Slater and Gordon managing director Andrew Grech (pictured) said: ‘We are very pleased with the terrific level of demand from both our existing shareholder and new investors.

‘Feedback from the investment community in the past week has been very positive. There is a high level of support for the strategic rationale underlying the PSD acquisition and our ability to successfully optimise the business.’

The new shares were issued at a A$6.37 per share (around 325p) and by close of trading today were valued at A$7.85 per share.

Meanwhile, the firm has said it has no concerns about Quindell temporarily suspending trading to correct a mistake in its announcement about the sale on Monday.

A separate announcement said: ‘Slater and Gordon confirms that this does not change any disclosure made by Slater and Gordon in respect of the Quindell PSD acquisition, as all financial information contained in Slater and Gordon’s disclosure materials was based on Slater and Gordon’s own assessment of that information.’

Telematics insurance: we’re not all the same

There was a bit of press about some other telematics insurers over the weekend. It really highlighted the differences between black box insurers, so I wanted to address a few of them here and explain how ingenie is different.

One thing we've always felt is very important is how we communicate with drivers in our community. Before launching, we did lots of focus groups with young drivers and parents, which led us to the approach we have now.

We believe we've found the sweet spot where we’re using telematics data to help our customers, without overstepping the ‘Big Brother’ line.

We don't: text parents

Our customers are adults and they have a right to decide with their family whose contact details are linked to the policy and who sees their driving feedback. We don't make that choice for them and start texting their parents - that's not our call.

Some telematics insurers take this decision upon themselves, but we think that’s going way too far with ‘it’s for your own good’. It’s our job to help young drivers see the benefits of driving well, not force them to do things they resent. And texting someone’s mum to snitch on them definitely falls into resentment territory.

In actual fact, we don't even text at all - we send simple driving feedback through our mobile app and website.

We don't: report on location

Sending parents the exact time and place their child is driving - "James has just stopped a bit too sharply at the traffic lights by Sainsbury's" - is not on. Young drivers need to have the freedom and encouragement to choose to drive well, without being ganged up on.

Although our black boxes contain a GPS device so we can help locate our drivers' cars if they're stolen, our app doesn't give feedback with locations.

We don't: send 'live' updates

Reporting on every single mistake would quickly become white noise, but this is the system that the recent press has focused on: an almost live feed of the driver's mistakes.

Instead, we look for driving trends over a period of 10 days - an approach we developed with experts in young driver psychology - which means we're building up a picture of a person's overall driving style.

We DO: encourage parents to stay involved

We love parents, parents are great. We've seen in our community that drivers who choose to share their feedback with their parents are 28% less likely to crash than those who don't - but it’s the choice that’s important.

Staying involved throughout the learning process and beyond goes a long way towards helping young drivers develop the right attitude to driving. It's not just about paying for driving lessons, paying for a car, paying for the insurance.

That support is amazing, but showing an interest in their driving even after the test can really help sustain the good habits they learned with their driving instructor.

Not all telematics policies are the same

There are so many insurers jumping on the telematics bandwagon now that choosing telematics - while a great step - isn't quite the whole story. Every black box insurer has a different method, so the cheapest quote isn't always going to be the best option.

I've often likened it to choosing a school for your children: you don't go for what's most convenient. You choose the community that's going to nurture your child's individual needs, and help them be happy and prepared for everything life throws at them.

More from link below:

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 8th April 2015:

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.61%

Sub Total--------------------------------29,166,666-----------------6.61%

http://www.quindell.com/Major-Shareholders/major-shareholders


Link to Major Shareholders from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

14 April 2015

Quindell Plc

Board Appointment


On 30 March 2015, Quindell Plc (AIM: QPP.L) announced the proposed sale of its Professional Services Division to Slater and Gordon Limited ("Slater and Gordon") and certain Board changes that would follow completion of that disposal ("Completion"). Completion is conditional on, inter alia, approval from the Company's shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority.

The Company now announces that Mark Williams will become Group Finance Director and will join the Board with effect from Completion. Mr Williams has been working as an integral member of the consultancy team appointed to assist the Board in January 2015.

As part of these changes, the Company confirms that Laurence Moorse, the outgoing Group Finance Director, will step down from the Board at Completion but will remain available to the Board and the finance team to provide an orderly handover.

In addition, the Company has commenced an external and internal search process for the Group Chief Executive Officer role, which will be vacant on Completion because, as previously announced, Robert Fielding will transfer to Slater and Gordon.

Commenting on the forthcoming appointment, Richard Rose, Non-executive Chairman Designate, said: "Mark has been working with the Group for a number of months and has been assisting the Board on a number of work streams. This experience will help him hit the ground running and we are delighted to welcome Mark to this new phase in the Company's history."

Information required under paragraph (g) of Schedule 2 of the AIM Rules will be made at the time of the formal appointment of Mr Williams.



Background information

Mark Williams, aged 50, is a Fellow of the Institute of Chartered Accountants and has nearly 30 years of finance experience. Mark has had a varied career to date, having qualified with what is now Deloitte. His experience ranges from a technology driven entrepreneurial start up through to divisions of major international FTSE businesses and through several business cycles. He has operated at board level for the past 15 years, including roles at AXA, Cofunds, Guardian Royal Exchange, Legal & General, Old Mutual and Skandia.

http://www.moneyam.com/action/news/showArticle?id=5015094

A reminder of the 'Young Driver Focus 2015' event which is on today:

Young Driver Focus 2015

ingenie has been unveiled as the main sponsor of Young Driver Focus 2015, and Richard King, ingenie CEO, will deliver a keynote presentation at the event.

Young Driver Focus*, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April, courtesy of the RAC Foundation. With a capacity of 150 delegates the conference was fully subscribed more than a month prior to it taking place.

In a little over three years since formation, ingenie has disrupted the market and established itself as one of the leading insurance brands for young drivers.

ingenie is all about helping young people become better, safer drivers. By fitting a black box in the car, ingenie builds a picture of its customers’ unique driving styles so they can be treated as individuals and earn discounts for good driving.

ingenie provides regular driving feedback – including speed, acceleration, braking and cornering – both online and through the ingenie app. Customers can keep an eye on how they are driving and how much they are on track to save. Put simply, the concept is 'drive well, pay less'.

Since founding ingenie, Richard King has become passionate about road safety and is a regular TV and social media contributor on the issue.

Richard will use his presentation to give an overview of the positive impact of telematics within ingenie’s community of young drivers, evidence of which was revealed in its recent Young Driver Report. He will also discuss what it will take for the growth of telematics to continue, and what the future holds in terms of Government support.

From the above event:

https://twitter.com/hashtag/YDF2015?src=hash

Rob Terry weighs in on Quindell deal
Quob Park Estate, a vehicle set up by the ousted Quindell chairman, said it was a shareholder in the insurance outsourcer


By Ben Martin, and Christopher Williams
8:06PM BST 16 Apr 2015


Rob Terry, the founder of Quindell who was ousted from its board last year, has weighed in on the £637m deal the insurance outsourcer has struck with Australian law firm Slater & Gordon.


Shareholders are due to vote on the disposal of Quindell’s legal business on Friday. The sale will see £500m returned to beleaguered investors in the Aim-listed company.


In the latest twist in developments at Quindell, Quob Park Estate, a little-known investment vehicle that describes Mr Terry as its founder and chief executive, has claimed that it is a “core shareholder of Quindell”. It added that while it believes the Slater & Gordon deal is “undervalued”, it intended to back the disposal at Friday’s shareholder meeting.


Documents filed with Companies House show that Mr Terry is a director of Quob.


In a blog post published on Quob’s website earlier this week, the firm claimed that Quindell’s shares should be worth more than 200p, much higher than tonight’s closing price of 131½p.


Mr Terry had been Quindell chairman until last November, when he was forced from the board following a share dealing controversy. He sold-down his Quindell stake just weeks later to less than 3pc, which meant he could offload the rest without informing the market.

Quindell has not issued any stock exchange filings indicating that Quob is an investor in the company.

However, Daniel Stewart, the stockbroker in which Mr Terry recently bought shares, on Thursday revealed that he had raised his stake to 8.994pc through Quob. The broker added that Mr Terry was seeking permission from the Financial Conduct Authority to lift his shareholding above 10pc.

Quob, which said it plans to open itself up to retail investors, did not return requests for comment, and a spokesman for Quindell declined to comment.

17 April 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")



Result of General Meeting

and

Disposal Update


On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions including, inter alia, the approval of the Company's Shareholders of the Disposal at the General Meeting. Words and expressions defined in the Circular to Shareholders dated 30 March 2015 shall, unless the context provides otherwise, have the same meaning in this announcement.



The Board is pleased to announce that at the General Meeting held earlier today, the Resolution to approve the Disposal was duly passed.



Following the passing of the Resolution, the Disposal remains conditional, inter alia, upon:



(a) the approval of the Solicitors Regulation Authority; and

(b) the approval of the Financial Conduct Authority.

Further announcements will be made by the Company in due course.

http://www.moneyam.com/action/news/showArticle?id=5018256