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 happy i'm short :-)

Good luck this is going to 50p imo.

just may add more

The Board of Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, notes the recent share price performance and confirms that it knows of no reason for such falls.

As originally planned, the Company will update the market on or before 15 October 2014 on its trading for the quarter ending 30 September 2014 and the continued positive progress being made by the Group in respect of all key performance indicators including cash performance.

Q3 TRADING STATEMENT

Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, is pleased to provide its trading statement and financial highlights, subject to audit, for the third quarter ended 30 September 2014.

Highlights
· Gross sales of c.£200m incorporating Revenue of c.£198m which increased by 115% (Q3 2013: £92.1m) due primarily to strong organic and synergistic growth; businesses acquired in the last 12 months represented less than 10% of Revenue
o Professional Services sales of c.£177m increased by 124% (Q3 2013: £ 79.0m) driven by major organic contract wins announced during H2 2013 and H1 2014
o Digital Solutions sales of c.£23m increased by 20% (Q3 2013: £19.1m) with an increasing mix of transactional, subscriptions and other recurring revenue and less one-time license sales than in 2013
· Adjusted EBITDA1,3 of c.£83m increased by 141% (Q3 2013: £34.5m) due to Q3 2014 having an increased amount of high margin Digital Solutions revenue and growth of Legal Services revenue
· Adjusted EBITDA1,3 margin of 42% of Revenue (FY 2013: 36%) which is at the upper end of guidance
· Adjusted EBITDA split broadly as to 80% Professional Services and 20% Digital Solutions
· Adjusted EPS1,2 of c.15 pence increased by 54% (Q3 2013: 9.75 pence)

Cash flow and Debtor Management
· Adjusted operating cash flow1,4 for Q3 significantly ahead of expectations and guidance with c.£9.4m inflow compared to original guidance of breakeven (H1 2014: £51m outflow also £9m ahead of expectations) which includes c.£3m of business integration activities which were planned and included in prior guidance
· Operating cash flow also significantly ahead at c.£9.2m after £0.2m of exceptional costs
· Legal Services cash collection ahead of prior guidance at £0.76m per day by the end of Q3 (vs target of £0.75m)
compared to c.£0.5m per business day recorded at the end of H1 2014
· Cash at 30 September 2014 ahead of plan at £78.9m after paying down borrowings of c.£6.5m during Q3 (H1 2014: £85.0m)
· Net funds maintained at H1 2014 level of c.£25m (excluding preference shares of c.£5.7m redeemable between 2018 and 2021)

Noise Induced Hearing Loss ("NIHL") Internal Business Review
· Internal Business Review of NIHL settlement timings being conducted in Q4 due to first few settlements already agreed in Q3 being ahead of plan and at amounts higher than existing accrued income policy
· The results of this review and the potential positive impact to H1 2015 cash flows will be announced on or prior to the year-end pre close statement
· NIHL cases in work-in-progress now total c.44,500 with accrued income recognised on these cases discounted by c.31% in value compared to ABI industry average settlement case values consistent with the Group's aim to drive down cost of claims. With now a further c.30% case number dilution provision being provided for this equates to an effective 61% dilution rate on stringently vetted cases
· Combining this effective dilution rate with a two stage vetting process which rejects 75% of cases (during the initial clinic and two separate hearing tests) leads to Quindell having an overall repudiation rate of c.91% of NIHL cases

Outlook: on track to meet 2014 targets
· Due to improved margins and Q3 cash performance, the Board remains confident of meeting all of its FY2014 KPIs (cash, adjusted EBITDA and adjusted EPS) with these now achievable on revenue of £750m to £800m. We continue to target to deliver on our strategy of:
o Driving down cost of insurance claims and maintaining or improving cash margins which reduces turnover without volume reduction but increasing EBITDA margin
o Controlling growth and optimising cash flow through being selective and limiting business volume
o EBITDA margin range guidance now increased to a range of 40% to 45% (from 35% to 45%)
· Consistent track record of cash collection continues: Over £220m of cash collected in H1 2014 equivalent to c.80% of trade related receivables5 (including accrued income, excluding NIHL cases) collected over each of the last three half year periods, combined with positive Q3 cash performance
o Underpins H2 operating cash flow guidance of c.£30m to £40m, and H1 2015 guidance of up to £100m inflow without significant reliance on NIHL cases, with NIHL offering potential upside in H1 2015
· A number of core business relationships are expected to expand in Q4 and our number of North American telematics prospects are increasing (subject to regulator approval) which would increase connection targets
· Strategic priorities remain: focus on integration, delivery and cash generation
· Reaffirmed commitment to strengthening management and further enhancing corporate governance with additional appointments expected in Q4
· The Board continues to consider and pursue, with advisors where relevant, all options available to it, including share buy backs, North American listing, disposal or demerger of assets or divisions and strategic and/or financial investments by third parties, in order to maximise shareholder value.


Robert Terry, Chairman of Quindell said: "The Board is pleased to announce another successive quarter meeting or exceeding market expectations in all key performance indicators including over £9m of operating cash inflow when the market expected breakeven. Taking in to consideration that volumes are subject to roll out, execution and industry claims frequencies, the Board is confident that the upper end of market expectations can be achieved for the full year for 2014 on Revenues of between £750 to £800 million by repeating the same run rate performance delivered by the business in Q3 and taking into consideration seasonal fluctuations in Q4.

It is clear that in due course, the opportunity to deliver a business with over a billion pounds of revenue, generating significant profits with associated positive cash flows, is within our grasp."

Sounds good.

Canaccord Genuity Buy 162.13 362.00 362.00 Reiterates

the market remains seriously underwhelmed, and though there has been a respectable and general recovery, QPP are now down 2.5p on the day

Daniel Stewart Buy 151.13 154.25 1,005.00 700.00 Reiterates

what does the market know that these analysts do not?
sp currently -6.25 @ 148
L2 bid book at 100,000 while 587,000 on offer

moderately interesting ......

Is someone talking about Tom Wini?
some hate around after the long going on talking down the company

ucretin 3 Oct'14 - 18:03 - 2462

Why bother to argue with the self declared 'unhygienic drunk'. It has already been established that he is a liar, incompetent at running a company, incompetent in running a Pizza joint, has multiple aliases - and personalities and that he is a failure in life. However, his future does look bright; an alcoholic dossing down in shop doorways annoying passers by with constant appeals to spare a penny.
He is one sad, sad, sad person who needs adoration and publicity to survive. Pathetic!

Shares in Quindell slumped after it downgraded sales expectations and warned it will sell parts of the business.

The legal services processing firm previously expected to report sales of up to £900million. Yesterday it slashed this back to £750-800million.


http://www.thisismoney.co.uk/money/markets/article-2791457/quindell-quakes-share-price-slumps-wake-declining-sales.html

looks to me that these so-called analysts are pissing against the wind
despite several buy recommendations, there are 5x as many sellers and buyers and sp continues south

To be fair it's a sh*t day on all stock at the mo.,.

this one has been falling steadily apart from a short-lived upward blip on the initial release of the figures ...... they were then found to be rather less tasty than imagined

Things look bad on the markets and this too.

https://twitter.com/ingenie_Richard

mitzy , worth a punt at say 130p ?

Major Insurer 5 Year Contract Win

The Board of Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, is pleased to announce that a Major Insurer, top three in Canada, ("Major Insurer"), has contracted with Quindell to provide their insurance customers with its market-leading telematics technology solution and associated services, exclusively for five years.

· The Major Insurer represents over three million customers, 1,700 brokers and has a significant market share of the Canadian automobile insurance market.
· Telematics technology to be used for personal and commercial lines; includes working in conjunction with the Independent Brokers Association of Ontario (IBAO), with their Quindell broker-based telematics distribution model.
· Over an initial period of five years, the Major Insurer will target to become a strong market leader in the development and delivery of telematics-based insurance solutions, and subject to the achievement of key milestones, committing to a goal of 120,000 telematics customers.

Connected Car Contract Win
The Major Insurer has contracted with Quindell on an exclusive basis for the next five years to provide the technology for all of the Major Insurer's telematics initiatives. Quindell's offering is a complete, one-stop solution which includes the provision of devices, network connectivity, product platform, systems integration, logistics, mobile applications, data analytics, and consumer-facing applications including the use of the Himex Virtual World technology. In addition, the Major Insurer will be partnering with ingenie Canada at the time of its launch as its lead underwriter. This is the first major insurer to commit to underwrite for the Insurance Brokers Association of Ontario (IBAO) in significant volume as part of its telematics proposition with Quindell. The IBAO represents over 12,000 brokers who control circa 50% of all insurance distribution in Ontario.