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

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

gibby, getting closer to your +50% cob, though I'd rather we pause today and carry on tomorrow!

nice surprise to come into. 30% a day for the next week will do nicely.,.

The shorters are still grumbling and rumbling, with some very toxic arguments out there. QPP remains on my buy list but I am still uneasy!

Finally after a long review, Canaccord back in the frame with buy rec this morning, tp 362p. Some wild broker variations but all significantly higher than where we are now.

Broker Note below.......

http://http://www.shareprophets.advfn.com/views/6574/canaccord-slashes-quindell-target-price-by-70-cuts-eps-forecasts-but-says-buy-in-54-page-note

Chrome playing up, try this link for full note.......

http://shareprophets.advfn.com/partners/CAN_QPP@LN_071514_64352.pdf

Having read prophets link I'm looking but uneasy as Kim said.

correction.

strange old day here! end the day flat maybe?
gla

Winnies just tweeted this below.............

Having slept on the matter I am more than happy to retain my sell stance and 20p target on Quindell after yesterday’s trading statement. On the basis of Quindell adjusted earnings and cashflow forecasts the shares rocketed yesterday but I have more questions than ever and I see the shares are falling steadily today as serious investors start to ask serious questions. My core concern remains cash as I explained yesterday HERE

I note that all those folks tweeting me yesterday with #QPP or #QPPSAG saying what a prat I was and pointing out how the shares were soaring have yet to tweet me to flag how they are falling today. How odd. I would urge you to read the piece I posted earlier on various press comments as that should raise real concerns if you are a Quindell shareholder. That can be viewed HERE

My new issues to raise.

Corporate Governance. I know that a few credible City figures have been asked to become a NED at Quindell and declined. Yesterday the company announced a new NED David Scott Currie who recently founded Codex Capital Partners. The statement admits: “In addition to David's duties as a Director, Codex Capital Partners may provide consultancy services and investment advice to Quindell. “. If Mr DSC’s firm is getting wonga from Quindell for offering investment advice how the hell can he be termed independent? Quindell remains the Rob Terry show with bugger all credible independent boardroom checks.

I noted yesterday that having said that Himex would be earnings accretive in March 2014, we are now told it will be earnings accretive in 2015. Frankly I doubt that. But surely KPMG must review (downwards) the book carrying value of Himex (nearly all goodwill) if it is missing the targets on which the original price tag was based?

Now to broker forecasts. Back in March brokers forecast FY EPS of 60p (post consolidation) with Himex being earnings accretive and QLS making 75% of group PTP from RTA business. Now we are told that forecasts are basically unchanged even though Himex will be eps dilutive this year and 75% of H2 QLS profits will come from Industrial Deafness. You just cannot turn a supertanker around like that and keep forecasts unch. It defies belief.

There was sod all in yesterday’s statement explaining revenue recognition and accruals in QLS regarding ID. This business (for Quindell) started on an industrial scale in May at the earliest. In the industry it takes an average of 20-32 months to settle an ID claim as insurers are now knocking back 90% of claims. How on earth can Quindell thus book with any certainty revenue on ID business (75% of divisional profits in H2 according to Mr 2+2 can = 5) on that basis. I saw no explanation of that in the statement. In ID most lawyers book no revenue until a case settles. Quindell will clearly be more aggressive but on what basis? No-one – not even the poodle joint brokers – has explained this yet.

Net cash as at June 30th was down to £24 million and will fall again this quarter ( Quindell’s definition of operating cashflows excludes a stack of cash outflows). How much of the actual cash Quindell has is needed for regulatory capital? And how much of that cash balance were sums owed to clients who had won a case but not yet settled. I would like to see a true “free cash excluding client money” number and then we start to think about cashflows going forward.

Simple questions such as the PT ones have not been answered in what should have been a tidying up exercise. Have the Iter8 shares been issued yet. Yes the were snuck out yesterday? Why the delay?

I expect to be reducing my 20p target price over the coming months. The stance remains sell.
- See more at: http://www.shareprophets.advfn.com/views/6579/quindell-just-a-few-other-things-to-mention-target-still-20p-sell#sthash.Nw7rmoyA.dpuf