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

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.

Canaccord Genuity Buy 140.50 140.50 362.00 362.00 Reiterates

I think its worth a go Dil.

To back up post #1357 - Canaccord note:
"We assume this major insurer is Aviva Canada as it is a top three insurer in Canada and it was previously announced (14 January teach-in) as the lead underwriter for ingenie Canada. Aviva Canada is also an existing customer and employs iter8 solutions. Importantly, we understand that regulatory approval for the service has been received. The service will be offered through several distribution channels such as the IBAO (Independent Brokers Association of Ontario), ingenie Canada and other brokers. Quindell expects the average revenue per customer to be $8-9 per month with high margins. In the event that Aviva Canada hits its goal of 120K customers, Quindell can generate $12-13m of annual recurring revenues. If 20% of Aviva Canada’s 3m customers eventually take up telematics, Quindell can generate $58-65m of annual recurring revenues. Clearly, realisation of these potential revenues is dependent in equal measure on execution and consumer acceptance of telematics. We also note that the IBAO is holding its annual convention, Canada’s largest insurance event, on 22-24 October 2014. We expect the IBAO to provide an update on its progress with insurers at the convention. The IBAO last reported on 6 May 2014, live pilots with two insurers (RSA and Gore Mutual) and 17 non-disclosure agreements with insurers across Canada.
We leave our forecasts unchanged as we view this contract as underpinning Quindell’s aspiration to achieve 750K telematics subscribers in 2015-16. We maintain our BUY recommendation and 362p price target. Our target price is based on our adjusted Quest™ fair value and equates to a FY14E EV/EBITDA of c.5x and P/E of c.7x, still a material discount to its quoted peers."

Daniel Stewart seem to be more optimistic (or on drugs! ;o):
Quindell announced today that they have been contracted by one of the top three insurers in Canada to exclusively supply their telematics technology solution. 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.
The insurer represents over 3 million customers, 1,700 brokers and has a significant market share of the Canadian automobile insurance market. Subject to the achievement of key milestones, the insurer has committed to a goal of 120,000 telematics customers.
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.
The company continues to trade stock continues to trade on an undemanding multiple of 2.5x FY14 earnings, a significant discount to other software participants in the market. We reiterate our buy recommendation with a 700p target price."

http://www.canadianunderwriter.ca/news/aviva-canada-commits-to-ibri-and-quindell-telematics-solution/1003308820/?&er=NA