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

AGM Statement and Proposed Board Changes

Current Trading
The Group is pleased to report continued positive trading, with a number of new contracts signed and existing contracts extended. The value of these contracts is expected to be in excess of £250 million per annum, subject to claims frequencies. This results in an increase in the revenues for a number of the business areas but most significantly within Legal Services, where run rate revenues are expected to increase from c.£650 million per annum to c.£900 million per annum from the start of H2 2014.

These contracts, with terms from one to five years in duration, are across the range of the Group's customers, including intermediaries, insurers and brokers. Significantly, this includes one of the UK's leading brokers, a subsidiary of a major global insurance company, which in the last few days has extended its relationship with the Group for a period of five years. The other major area of future growth has been the signing of multiple new telematics contracts in various geographies and the successful delivery into live implementations of a number of our telematics solutions in North America.

The Group's performance in cash collection and its operating cash flow progresses according to plan, with Legal Services alone collecting, on average, c.£500,000 per day during the second quarter. The Group continues to have substantial cash resources and banking facilities available to fund it during this continued period of growth. The Board is confident, in line with expectations, that the Group will return to a broadly neutral operating cash position on a quarterly basis in the third quarter of 2014 and deliver strong positive operating cash flow in the final quarter of 2014 and beyond.

The Group's overall performance in relation to key performance indicators (cash conversion, adjusted EBITDA and adjusted EPS) continues to provide the Board with confidence in the Group's ability to meet full year market expectations.

Proposed Board Changes
The Board announces its intention, following the AGM, to appoint Robert Fielding as Group Chief Executive Officer with Robert Terry remaining as Chairman of the Board. Robert Fielding is currently Chief Executive Officer of the Services Division and has overseen the growth of this division since the acquisition of the Group's first legal services business in 2012. A further announcement will be made in this regard.

This proposed Board change marks a continuation in the development of the Group's governance and succession planning. As previously announced at the time of the Company's full year results, it is the Company's intention to appoint additional independent Non-executive directors. This recruitment process continues, with a number of suitable candidates already identified. Further announcements will be made in due course.

In addition, the Company has recently made two key appointments: Stephen Joseph, formerly with Bank of America Merrill Lynch, as Head of Investor Relations; and Michael Bancroft, formerly with BTG Pactual, JP Morgan and UBS, as Head of Corporate Development. These appointments are part of the Board's continued drive to strengthen Group functions as appropriate for a business of the Group's scale.

Sounds all good, hope sp will continue to rise.,.

20p today?

muted response so far - more to come?

Daniel Stewart Buy 18.38 17.75 67.00 67.00 Reiterates

Cenkos Buy 18.38 17.75 - - Reiterates

QPP tells investors we're making £500k a day - Law Society Gazette.

Result of AGM

Quindell Plc (AIM: QPP.L), a leading provider of software, consulting and technology enabled outsourcing services to the insurance, telecommunications and other related markets, announces that all resolutions at its Annual General Meeting, held earlier today, were duly passed.

Resolution 8, regarding the proposed 1 for 15 share consolidation detailed in the announcement on 23 May 2014, was passed. As a result, the consolidation will become effective and admission of the new ordinary shares of 15 pence each will occur tomorrow being 20 June 2014.

About time. A ten bagger overnight!!! ;o)

Its meant to be 15! :-)

Sadly my entry price is a little higher than currently on screen!

A two legs horse today after consolidation
starting point at 17p closing was 255p this morning

Chart - from another place that they care about their business from day one

"One other point we would touch upon before finishing up is that Gotham City pointed out that QPP had 3 different auditors over the last 3 years. Anyone with any knowledge of Corporate Governance understands the positives and negatives of this. We would point out that it is recommended for companies to periodically change their auditors to practice good Corporate Governance, the reason being it is a fresh set of eyes being cast over the company. The fact they have had 3 different auditors over the last 3 years should instil confidence among investors. Sometimes keeping the same auditors allows for a wider margin of forgiveness as the auditors are already familiar with the business from previous audits. Employing new auditors each year requires full information to be provided to help the auditors gain a full understanding of the business for their first audit. Companies only tend to keep their auditors year after year because it is a much smoother process having auditors come in that are already familiar with the business, and it is cheaper for businesses to keep on their current auditors. New auditors have to perform more work and therefore charge more."



The above is total bollox and therefore throws into question the rest of the statement imo and quoting forecasts made before the spanner was chucked in the works is laughable.

Whats the chances these guys have a vested financial interest in getting a share price rise ?

Can't be arsed to look but said a while ago that the real test would be if they got the elusive full listing. Until they do I'm remaining sceptical and sitting on the sidelines.

Good luck all.

Issue of shares for PT Health investment

post placing reversal then along with heavy bot buying hmmm sub 200 soon me thinks

bot buying / selling!

Nice 200,000 buy.

Sub 2 quid by lunch time?

Falling off a cliff today sub 500p possible.

mitzy - 24 Jun 2014 14:47 - 1152 of 1152
Falling off a cliff today sub 500p possible.

I'll sell you mine for 400p mitzy!