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

VERY STRONG II BO BUYING......
Quindell in SURGE

StockMarketWire.com

Outsourcing firm Quindell expects revenue of circa £355m for the half-year to end-June, up 117% from £163.3m in the prior year period.

o Solutions revenue of circa £62 million up 176% (H1 2013: £22.5 m)

o Services revenue of circa £293 million up 108% (H1 2013: £140.8 m) driven by major organic contract wins announced during H2 2013 and H1 2014

· Adjusted EBITDA of circa £155 million up 187% (H1 2013: £54.0 m) due to H1 2014 mix having an increased proportion of Solutions revenue and growth of Legal Services revenue

· Adjusted EBITDA margin of circa 43% up over 10 percentage points (H1 2013: 32.3%)

· Adjusted Profit Before Tax of circa £154 million up 193% (H1 2013: £52.5 m)

· Adjusted EPS of circa 30 pence up 82% (H1 2013: 16.5 pence)

· Basic EPS, EBITDA and Profit Before Tax are all expected to be ahead of their respective adjusted numbers

Cash Flow and Debtor Management

· Adjusted operating cash flow5 for the half year ahead of expectations and guidance with circa £51 million outflow compared to original guidance of £60 million outflow during planned significant growth in H1

· Cash generation increasing with over £220 million of cash collected in H1 2014 - circa 67% of the value of total trade related receivables (including accrued income) as at December 2013

o Cash generation represents circa £1.8 million of cash received per business day

o Legal Services on track collecting circa £0.5 million per business day by the end of the period, targeted to rise to £0.75 million and £1 million by Q3 and Q4 respectively underpinning H2 cash guidance

o Legal Services cash collection targets viable due to circa 110,000 cases in progress as at 30 June 2014

· Collaboration model success in Hire and Repair continues to drive improvements in trade debtors with aging reducing to 4.6 months (H1 2013: 4.8 months) - year end target to be approaching circa 4 months

· Cash at 30 June 2014 also ahead of plan at circa £84 million; Bank borrowings and other trade finance was circa £60 million

Integration of Group's Telematics Businesses

· Himex and ingenie acquisitions completed with Group ownership now at 99.9% and 100% respectively

· Both acquisitions anticipated to be earnings enhancing in 2015 and beyond

Outlook

· The Board is confident of meeting all its key performance indicators for full year market expectations (cash conversion, adjusted EBITDA and adjusted EPS) on full year revenue guidance of £800-900 million

o Quindell's success in driving down the cost of insurance claims and maintaining or improving its cash margin reduces turnover without claims volume reduction whilst increasing EBITDA margin %

o The Board continues to be selective, turning away business to control growth an

Presumably Gotham City are now gong to pick holes in those figures?

Should hopefully see some more short scrambles to close positons. Fightback with those numbers.

massive squeeze - onwards and upwards
rerate unfolding I front of your eyes
gla

Well done to all holders..

Hopefully Canaccord's "under review" stance will change shortly too.

In auction +21.6%.

Expect Gotham & co to point to the Delaware court case before they give up!

Whichever way, momentum and value will out in the end.

Daniel Stewart & Co reiterate buy - stock trades on 3.1x FY14 earnings, "undemanding".

I'm half expecting something nasty to crawl out of the woodwork but nevertheless QPP is back on my buy list for now.

kim no need to worry - onwards an upwards - bots set to algorithmic buy trading - shorts being squeezed - onwards and upwards - don't be surprised to see a min + 50% before cob

It doesn't look too bad gibby, glad I'm not shorting this. Don't do shorts anyway, except for the clothing variety and then it gets scary! :o)

Cenkos reiterates buy today, tp 1350p

How much??????!!!!!

typo - they meant 135!

Cenkos haven't given a TP?

Daniel Stewart Buy 223.50 1,005.00 1,005.00 Reiterates

They have on my Bloomie screens.

In that case, 1005p first target, followed by 1350p.
Hopefully within my lifetime!

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa