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

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

Yeah I love a bargain Mitzy , fiver by xmas.

Agree 500+ by christmas.

the market seems to be saying, "we still think this company is a load of poo"

Winnie posting today........

At the weekend I asked the FCA to investigate me for market abuse regarding Quindell as I reported here. Well what has happened so far?

Firstly I have reported Quindell (QPP) to both AIM Regulation and the FCA today for telling whoppers about the profits of Mobile Doctors and leading them to believe that a £140 million share buyback was on the way. There is more chance of me getting to shag Cheryl Cole (or whatever she is called until her next divorce) tonight than there is of such a buyback.

Our readers were polled at the weekend as to how the FCA would respond to my request. They said:

The FCA will find Tom Winnifrith guilty of market abuse and vindicate Quindell- 12%

The FCA will vindicate Tom and thus be forced to act against Quenron– 13%

The FCA are a bunch of chocolate teapots who do not understand the need for proactive regulation and will do nothing – 75%

So far three quarters of you are looking like you are correct.



- See more at: http://www.shareprophets.advfn.com/views/8543/tom-winnifrith-quindell-market-abuse-update-reader-poll-result#sthash.h9i9zxEw.dpuf

"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."
Does that translate, in reality, as "We are running dangerously short of ready cash so we will probably start selling off the family silverware"?!
I hope it doesn't but either way I won't be buying back into this company anytime soon!

Winnies good entertainment though LOL. Cheryl Cole....

Lol, yes!

FCA? really!

Death of Quindell Non-Executive Vice Chairman