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

wouldn't wait around too long if I were you...could be a trading update in the next week or two..then a rally up to the final results release due mid-Mar (IMHO)

Ah yes - thanks for reminding me re Final Results Skyhigh!

A decent bounce today after the marked down yesterday, maybe was a MMs game to reach a point were the 45M buyer could do so @ 16p

Bought some more today

Good on you Skyhigh.

I bought back in last week...........If they retrace further, I will be tempted to buy more, but I feel they will start to rise from this point....IMO.

GLA........Gerponville18

chart still pointing down hill.,.

NOT any longer at this point 14.50 / 14.75p

a lot of up and down to this price with good buying at this point

so I took a position at 14.71p

       

think your premature magicjoe.,.

That chart on the right looks like it could do with one of these :-)

Balerboy

I see investors buying at 14.75p and no sellers at 14.50p no 14.75p the times that it has come on the bid side since ( but AT at that price meaning buying on the order book)

So I wanted to buy further down but the trades tells me to buy now
and I could say there is more chances of me being right than you at the moment.

still dropping ..... 1463p

Quindell Portfolio to present at the London Innovators and Investors Forum

It is our pleasure to invite you to attend the forthcoming Innovators & Investors Forum on the 29th January 2013 at the Business Design Centre, London. This will be an exclusive invitation only event organised by Shares Magazine and Cenkos Securities.

As an active private investor, we are sure you would appreciate this unique opportunity to receive privileged access to 30 diverse, forward thinking and energetic technology companies at a single event.

Many of the exhibiting companies are currently involved in some very exciting projects in an effort to drive future growth, and development within their industries.

The event will be supported with an extensive conference program, including keynote speakers and company presentations.

We sincerely hope you are able to attend and that you find the experience both profitable and enlightening. Companies represented include:

1Spatial
Avanti Communications
Bango
Bond International Software Group
Brady
CML Microsystems
Corac
Cyan Holdings
eg Solutions
Energetix Group
eServGlobal
Forbidden Technologies
Fusion IP
Globo
incadea
InternetQ
IQE
KBC Advanced Technologies
Netcall
Optimal Payments
Plastics Capital
Probability
Quindell Portfolio
StatPro Group
WANdisco


Event time: 12.30pm to 5.30pm

Complimentary refreshments and luncheon provided

To register for this event please click here


CONFERENCE AGENDA AS AT 09.01.13
(To be updated once presentation speakers are confirmed)

12:30 Registration & Lunch

14:00 Keynote speaker - Richard Penny, Senior Fund Manager - Legal and General

14:15 Shares Magazine presentation - Russ Mould, Editorial Director

14:30 Company presentation - David Richards, President & CEO - WANdisco

14:45 Company presentation - Henrik Bang, CEO - Netcall

15:00 Company presentation - Marcus Hanke, CEO - 1Spatial

15:15 Company presentation - tbc

15:30 Coffee Break

16:00 Company presentation - Stephen Blundell, CFO - eServGlobal

16:15 Company presentation - David Baynes, CEO - Fusion IP

16:30 Company presentation - Stephen Streater, CEO - Forbidden Technologies

16:45 Company presentation - Charles Cohen, CEO - Probability

17:00 Company presentation - Simon Smith, Non-Executive Director - Cyan Holdings

17:15 Close

This agenda is subject to change and alterations

For further information, please visit our events page

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still going down mrsi.,.

Hopefully support @13-13.3p

http://www.quindell.com/index.php/investor-home/724

I feel they are being forced lower by greedy MM's......At least they keep being tipped?

Link above has them to go to 36/48p......Fingers and toes crossed!


GLA......Gerponville18

Shares mag has them tipped for 35p for 2013.

GECR report rec'd this morning:

Quindell Portfolio, the leading supplier of software, consulting and outsourcing services within the insurance and telecoms sectors, has announced the completion of several key acquisitions and a positive trading update. Management stated on 18th December that it expects preliminary results for FY2012 to be significantly ahead of market expectations and confirmed that trading in Q4 2012 was continuing positively. Furthermore, Quindell has also received approval from the SRA to operate as an ABS for legal services. We are encouraged by Quindell’s continual positive news flows, and as such we reiterate our stance of buy and upgrade our target price to 32p from 30p.
Trading Update
Quindell expects Q4 2012 EPS to be at least in line with Q3’s c.0.40p. In the nine months to 30th September 2012 the group reported adjusted EPS of c.0.86p, implying FY2012 adjusted EPS of at least 1.26p. The Q4 performance is attributable to an increase in the conversion of claims management pilot projects into full contracts, and further software sales. The group has seen the number of pilot volumes double in Q4, representing an additional £100m per annum in revenues if implemented. The group has maintained operational cash flow and still has notable headroom within working capital to support the 3p EPS growth target.
Approval From SRA
The group has received approval from the Solicitors Regulation Authority (SRA) with regards to the application of Quindell Legal Services Limited for a license to operate as an Alternative Business Structure (ABS) for legal services. This approval is effective from 21st December 2012, and has paved the way for the completion of a number of pending acquisitions. We understand that Quindell Legal Services is now the UK’s largest personal injury law firm based on forecasted run rate volumes.
Forecasts
We now expect revenues of £158.4m (previously £153.3m) in FY2012 and £436.5m (previously £390.5m) in FY2013. Accordingly, we have forecasted FY2012 adjusted EPS of 1.26p (previously 1.14p) and FY2013 adjusted EPS of 2.40p (previously 2.20p).
Valuation
We feel the group has continued to release a string of positive announcements, which has been reflected in the progression of the share price to date. However, we feel that based on the magnitude of acquisitions, contract wins and sales announced there is still further value in the shares. We maintain our stance of buy with a 32p target price.
Table: Financial overview Year to 31st December 2010A 2011A 2012E 2013E
Revenue (£m)
0.2
13.7
158.4
436.5 EBITDA1 (£m) (0.1) 6.7 45.2 117.9
PBT1 (£m)
(0.1)
6.3
44.8
117.7 EPS1 (p) (0.09) 0.73 1.26 2.40
Dividend (p)
0.00
0.00
0.00
0.04
Source: GECR and company.
Notes: 1 Adjusted for exceptional costs and

Skyhigh, any chance you could amend the right hand chart in the header please? Maybe delete altogether!

The DEPTH on the order book this morning was negative for the buyers as the amount at offer was pretty high compare to bid side

678K V 1.50M

If any one has a Level 2 with information of the position at the moment, I would appreciate such info.

TIA
----------
Retracement of 50% Fibonacci was at 14.80p

at 61.8% is 14.125p now below

Support and 78.6% is at 13.125p

07:00


Quindell Portfolio - Pre-Close Statement and Trading Update


RNS





RNS Number : 5353V

Quindell Portfolio PLC

15 January 2013






Embargoed for release 7.00 am 15 January 2013



Quindell Portfolio Plc

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



Pre-Close Statement and Trading Update

Quindell Portfolio 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 pleased to announce that, subject to audit, revenue for the year ended 31 December 2012, including those of the legal services businesses for the period during which they were in partnership with Quindell, is expected to be approximately £165 million, with adjusted EBITDA (note 1) of approximately £47 million. Trading at the start of the new financial year has continued positively with pipelines and pilot revenues at record levels, building on the strong performance delivered by the Group during 2012.

Highlights

· Results for the year ended 31 December 2012 to be ahead of the upper end of market expectations with adjusted EPS (note 2) of 1.29 pence (Q4: 0.43 pence)

· Margin performance has continued to be maintained at or above historic run-rate levels as the Group has continued to drive through efficiencies, integration savings and economies of scale. The result was an increase in adjusted EBITDA (note 1) to circa £47 million, an EBITDA margin of approximately 28%

· Operating cash flow is also ahead of market expectations with cash at the end of the year of circa £47 million compared to market expectations of £41.5 million

· The Group has again had a strong start to the new financial year, continuing the positive developments achieved in 2012, with our pipeline progressing to pilots and then full contracts at a more rapid pace than during any prior period

· Two significant technology solution contracts have reached key delivery and financial milestones since the start of the new year

Notes:

1. Adjusted EBITDA is Profit before interest, tax, depreciation, amortisation and exceptional costs

2. Adjusted EPS is Profit after tax, excluding exceptional costs and amortisation, divided by the weighted average number of shares in issue



2012 Pre-Close Statement

2012 was a period of significant progress for the Group in terms of delivering on its acquisitive growth objectives for the year and for starting to achieve its ambitions for organic expansion, with a number of significant agreements now in place which will form the basis of continued significant organic growth during 2013.

At the same time as achieving this growth, the Group continued to generate good levels of cash from its operations, including during the final stages of 2012, with cash and net funds at the end of the year of circa £47 million and £15 million respectively compared to market expectations of £41.5 million and £9.5 million respectively. As previously stated, the Group has headroom in working capital including banking facilities sufficient to support the Group's organic growth plan up to 3p EPS in 2013.

Trading update

The Group has had a strong start to the new financial year with our pipeline progressing to pilots and then full contracts at a more rapid pace than during any prior period. Sales cycles continue to be accelerated as a result of the impending changes to legislation within the UK industry, which take effect from 1 April 2013, and this is driving demand for our insurance claims and policy solutions as well as outsourced services. Two significant technology solution contracts have reached key delivery and financial milestones since the start of the new year.

The Group continues to be approached by prospective acquisition targets, however our focus at this point remains on delivering on the existing organic opportunities, with any material acquisitions only being considered where they are significantly earnings enhancing and any resultant equity issue is at a significant premium to current share price.

Rob Terry, Chairman and Group Chief Executive of Quindell said: "During 2012 Quindell has demonstrated the value of its unique offering for the UK insurance market. We look forward to continuing this throughout 2013 with the confidence that through continuing to deliver we will capitalise on this opportunity to help our existing and prospective clients and generate significant benefits for our shareholders."