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

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

">

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."

Quindell Portfolio says annual results in line with expectations
Tue 15 Jan 2013

LONDON (SHARECAST) - Quindell Portfolio is expected to report strong results in last year’s interim statement, the software, technology and consultancy company said in a trading update Tuesday.

The firm pegged revenues at £165m, with an adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £47m for the year ended December 31st, 2012.

The firm said operating cash flow was also ahead of market expectations. Cash at the end of the year was circa £47m, compared to an estimated £41.5m.

Results were buoyed by new developments and contracts including two technology deals which have reached delivery and financial milestones this year.

The group said last year was a period of significant progress in terms of delivering on its acquisitive growth objectives for the year and for expansion projects.

With a wealth of agreements now in place, the company expects business to increase this year.

The group said it has been approached for more prospective acquisitions, but will be focusing on existing opportunities. Material acquisitions will only be considered where they are significantly earnings enhancing.

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."

Shares jumped 8.11% to 15.00p at 8:58 Tuesday.

Report from Charles Stanley
Quindell Portfolio (QPP, 15.25p, Mkt. Cap. £500m, AIM)

Report from stockbrokers Charles Stanley
The term ‘ambulance chasing’ or ‘ambulance chaser’, also known as ‘barratry’, refers to a lawyer using an event as a way to find legal clients. The term comes from the stereotype of lawyers that follow ambulances to the emergency room to find clients. The origins of this phrase date from 1897, from newspaper articles about attorneys seeking clients through targeted mail solicitation. Thankfully the insurance sector operates under a more ethical approach. But, when considering the Insurance industry today, where 50% of the cost of an auto claim is associated with Personal Injury, including legal services, medical reporting and rehabilitation, it is clear that an organisation will not be able to achieve the levels of savings and customer satisfaction desired without addressing the injury to the driver as well as the repair of the vehicle. Quindell have designed solutions and supply chains to address the full end to end cycle, with the ability and expertise to treat injured parties as well as repairing vehicles. This makes Quindell a truly unique proposition for the insurance industry today, and a great investment opportunity.

- On Tuesday, the Company announced that a strong end of year meant that FY2012 earnings and cash would come in ahead of the house broker’s (Cenkos) forecasts. Revenues and EBITDA were also slightly ahead of Cenkos estimates.

- Operating cash flow was strong in Q4 with cash at the end of the year of c.£47m vs. £41m forecast (net cash of c£15m vs. Cenkos £9m).

- Fears of overtrading should be put to rest with management reiterating that the Company has headroom in working capital, including banking facilities, sufficient to support an organic growth plan up to 3p EPS in 2013. Cenkos currently forecast 2.45p, but there is potentially upside through the year given the major pipeline under discussion, against the backdrop of the Jackson review and new sector legislation from April 1 (Quindell has already booked a major software license in the insurance sector early in Q1).

- After a busy 2012 for M&A, management highlighted that they continue to review potential acquisitions but they will only be considered where they are significantly earnings enhancing, and any equity issue is based on a significant premium to current share price.

- The obvious catalysts for Q1 are further software wins (100% gross margin and 30 day payment terms), as well as confirmation of 3-5 year BPO contracts with major insurers.

Conclusion

The shares have again fallen back from highs, but the full year update highlighted the strength of underlying trading. There is also the major pipeline of large outsourcing and software contracts, and the implied anomalous valuation (it is worth remembering QPP trades on <6x FY13 P/E). A move to the Full List and a planned dividend will help promote a re-rating, and in the view of Cenkos, a combination of upgrades and a more reflective multiple can support a valuation of over 30p this year.

Redleaf Polhill Weekly

Key Company Announcements & Read-across
Quindell Portfolio (QPP, 15.25p, Mkt. Cap. £500m, AIM)

The term ‘ambulance chasing’ or ‘ambulance chaser’, also known as ‘barratry’, refers to a lawyer using an event as a way to find legal clients. The term comes from the stereotype of lawyers that follow ambulances to the emergency room to find clients. The origins of this phrase date from 1897, from newspaper articles about attorneys seeking clients through targeted mail solicitation. Thankfully the insurance sector operates under a more ethical approach. But, when considering the Insurance industry today, where 50% of the cost of an auto claim is associated with Personal Injury, including legal services, medical reporting and rehabilitation, it is clear that an organisation will not be able to achieve the levels of savings and customer satisfaction desired without addressing the injury to the driver as well as the repair of the vehicle. Quindell have designed solutions and supply chains to address the full end to end cycle, with the ability and expertise to treat injured parties as well as repairing vehicles. This makes Quindell a truly unique proposition for the insurance industry today, and a great investment opportunity.

- On Tuesday, the Company announced that a strong end of year meant that FY2012 earnings and cash would come in ahead of the house broker’s (Cenkos) forecasts. Revenues and EBITDA were also slightly ahead of Cenkos estimates.

- Operating cash flow was strong in Q4 with cash at the end of the year of c.£47m vs. £41m forecast (net cash of c£15m vs. Cenkos £9m).

- Fears of overtrading should be put to rest with management reiterating that the Company has headroom in working capital, including banking facilities, sufficient to support an organic growth plan up to 3p EPS in 2013. Cenkos currently forecast 2.45p, but there is potentially upside through the year given the major pipeline under discussion, against the backdrop of the Jackson review and new sector legislation from April 1 (Quindell has already booked a major software license in the insurance sector early in Q1).

- After a busy 2012 for M&A, management highlighted that they continue to review potential acquisitions but they will only be considered where they are significantly earnings enhancing, and any equity issue is based on a significant premium to current share price.

- The obvious catalysts for Q1 are further software wins (100% gross margin and 30 day payment terms), as well as confirmation of 3-5 year BPO contracts with major insurers.

Conclusion
The shares have again fallen back from highs, but the full year update highlighted the strength of underlying trading. There is also the major pipeline of large outsourcing and software contracts, and the implied anomalous valuation (it is worth remembering QPP trades on

An apology if all have read the following, but I thought it was a very good read; outlines the risks!!!!!

CHRONIC INVESTOR BLOG

Our light-hearted take on the world of investing


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The curious case of Quindell



By John Ficenec , 21 January 2013

Quindell Portfolio (QPP) has become one of the hottest stocks on the junior market. The shares have rocketed 122 per cent from 6.75p at the start of 2012, and daily volumes have steadily gained momentum to make it one of the most traded and liquid investments on the Alternative Investment Market (Aim) and a market makers dream. And with a crucial year ahead in the company's development I've taken a closer look at Quindell.

Quindell has a compelling investment story. In a little over a year it has created a platform that offers to cut costs for a motor insurance industry struggling with thin profit margins. If it can deliver on this promise business will flood in and strong growth projections will be underpinned. But like all rapid growth companies there are risks - especially when combining such diverse operations.

The problem is that investors often overpay for the promise of growth and analysts can be hopelessly over-optimistic at forecasting it. James Montier eloquently points out in his excellent book 'Value Investing' that when analysts apply discounted cash flows, such as those used in forecasts, then the 24-month forecast error is 95 per cent and the average 12-month forecast error 43 per cent. That is a pretty wide margin for error.

So what are my concerns with Quindell? First there is the claims handling operation, Ai Claims, which deals with credit hire and car repair. It is a large part of the Quindell business and it is operating in a tough market. Under the combined group structure, Quindell doesn't split out Ai Claims' performance but the company used to be listed so historic numbers are available. In its last reported full year to June 2011 revenue was £117.6m, gross margin 18.5 per cent and profit before tax £3.74m. But fast forward to March 2012 and things were deteriorating. The results for the half-year to December 2011 saw revenue fall by 21 per cent to £47.5m, as hire income fell by 25 per cent, repair income slipped 14 per cent and profit before tax fell from £1.68m to £1.2m, or by 30 per cent. Steve Broughton, chairman of Ai Claims at the time, said in the statement: "Ai Claims has delivered a creditable first-half performance in challenging market conditions. We had already flagged the likely impact on our revenues of warmer than average winter weather this year and the continuing reduction in accident frequency and repair cycle times." Mr Broughton was appointed to Quindell's strategy and integration board on 15 October 2012.

I agree much can change in a year, and Quindell chief executive Rob Terry certainly saw enough potential in Ai to take it over in 2012. But those falling accident frequency levels and shrinking repair and credit hire cycle times have proved painful for other claims handling companies. On 11 December 2012 the Drive Assist group of companies fell into administration with administrator Zolfo Cooper saying in a statement: "Unfortunately, in recent months the companies have experienced the loss of a major customer which has resulted in increasing cash flow pressures and administration was the only option available." On the same day it emerged motor claims outsourcer Elite Incident Management was to be liquidated after the decision of a major client to insource its activities. With thin profit margins and high working capital demands claims handling companies are acutely sensitive to the loss of a major customer.

On 29 October media reports said insurer RSA, one of Ai Claims' clients, had moved some of its business to Enterprise Rent-a-Car. Quindell responded by saying that Ai Claims is responsible for only a small portion of group profits and that Ai still works on other contracts with RSA. Which is all true, but when Ai Claims became a subsidiary in April 2012 it increased run rate revenues from £50m to over £150m, cash demands of this business and its importance are greater than its contribution to group profits, so it may only bring in small profits but it still brings risks.

Quindell is much more than just claims handling, though. Mr Terry says it is now the leading legal and medical supplier to the motor insurance industry as well as an award-winning technology provider. In terms of revenue, if Quindell hits analysts' forecasts for 2013 of £460m Mr Terry thinks it will be split roughly £60m from technology revenues, £200m from medical and legal, and £200m from general claims management, which is largely Ai Claims. So as Quindell grows Ai Claims becomes a smaller portion of the business.

That jump in revenue from £165m to £460m looks like a big ask, but Mr Terry assured me Quindell was well on the way. Following the demise of Drive Assist, Quindell won contracts worth £120m a year with a major UK insurer. Quindell has also won multi-year contracts with other major insurance industry providers. As these ramp up in the first quarter of 2013, Mr Terry said revenue should reach a run rate of £100m by the end of the first quarter.

The other factor I have been keeping my eye on is cash. Let's not forget revenue is vanity, profit sanity, cash reality. Quindell's most recent trading update said it expects revenue for the year ended 31 December 2012 of £165m, and adjusted earnings before interest tax and depreciation (Ebitda) of around £47m, giving adjusted EPS of 1.29p. Cash at the year end was £47m. Sounds like a resounding tick in all the boxes.

Revenue is growing fast because of the heady pace of acquisitions and contract wins in 2012, Ebitda margin of 28.4 per cent is good, but to put this in perspective Ai Claims' last reported gross margin was 21.1 per cent (six months to 31 December 2011) and profit before tax was just £1.18m in that period. True, revenue in the Ai Claims operations has since increased following new contract wins, and operational leverage combined with cost savings from slimming down management teams should help give profits a boost, but it is still instructive as a guide.

Cash is king and many highly profitable companies have got into trouble because of cash demands. In the final quarter of 2012 Mr Terry said Quindell had generated Ebitda of £18m and operating cash of £12m, so 67 per cent cash conversion. The reason for that conversion rate, as Mr Terry explained, was that Quindell makes payments to insurers up front and on average has to wait five to six months until claims finalise and they receive all the cash. So I will also be looking closely at the balance sheet to see what is going on with cash. In Quindell's interim results to June 2012 revenue and Ebitda increased sharply, but there were warning signs of working capital outflows on the balance sheet as trade and receivables had increased by 193 per cent from the year-end, to £92.87m, while trade and payables increased 158 per cent, to £53.96m. When revenue races ahead and debtors expand faster than creditors you have to fund the difference somehow.

Mr Terry was absolutely clear that Quindell now has more than enough cash to fund expansion. He said that cash reserves of around £40m and credit facilities of around £40m, give Quindell £80m to fund the organic expansion of revenues in 2013. Quindell raised £63.5m net of expenses through the placing of 454.8m shares in November and December for these funds. In its last trading update the company had cash of £47.5m and net cash of £15m, with Mr Terry telling Investors Chronicle that "no more fundraising was required in 2013 to hit the 3p EPS targets".

That brings me neatly on to dilution. Investors don't get diluted if acquisitions deliver quality earnings growth. Mr Terry said in the trading update: "material acquisitions are only being considered where they are significantly earnings enhancing and any resultant equity issue is at a significant premium to current share price". He also mentioned organic growth no fewer than four times in the update.

Time will tell on the quality of Quindell's earnings, but what we do know is that to fund Quindell's rapid 2012 expansion plans shares in issue went from 2bn to 3.6bn by the end of the year, an 81 per cent increase. Detail in the Ai Claims deal documents on the 2 April stated that the Quindell Board has the authority to issue 3.37bn new Quindell shares representing 128 per cent of Quindell's then issued share capital of 2.63bn. Updating those numbers to today means Quindell is still able to issue another 2.4bn shares, or around 66 per cent of the current issued shares.

Quindell shares could also come under pressure from issuance if the deal to buy Abstract Legal Holdings (ALH), announced on 2 December closes as anticipated in early April. On completion this deal will require the issue of 267.8m shares, or 8 per cent of Quindell's current issued shares. A large number of shares issued to fund deals in 2012 will also exit lock-up periods this year (see table).





Significant Quindell acquisitions subject to lock up




Target

Date

Shares



Ai Claims

25 Jan 12

58m



360GlobalNet

28 Feb 12

16m



Ai Claims

2 Apr 12

50m



IT Freedom

24 May 12

50m*



ICM

15 Aug 12

27m*



Quintica

18 Sep 12

48.4m*



Overland Health

26 Sep 12

140m*



Metaskil

10 Oct 12

40m*



ALH

3 Dec 12

28m*



SilverBeck Rymer

21 Dec 12

98m*



Pinto Potts

31 Dec 12

87m*




*Lock up of 12-36 months roughly a third per year



Turning to the valuation of Quindell the shares at 15.25p are trading on a fairly conservative 11.8 times adjusted 2012 EPS, or 6.2 times House broker Cenkos' forecast for 2013 of 2.45p EPS. Some investors think the valuation multiple for Quindell should be in line with other high growth technology companies on around 20 times adjusted EPS. Applying this to Cenkos forecasts gets to a target price of 50p, and to Mr Terry's own 3p EPS target you get 60p.

But lets not forget what Quindell has to do to hit 2.45p, or Mr Terry's 3p target. Revenue has to almost triple to £442m and adjusted pre-tax profits have to more than triple to £126m. Quindell is well placed, but this kind of growth brings with it high risks. Also I think a lot of that growth will come through from the Ai Claims business, this company when listed had a five year average PE of 8 times, and when Quindell paid just over 24p per share for the business in 2012 this equated to a PE ratio of 6.6 times GECR forecast of 3.64p EPS for 2012.

I'll be watching Quindell with interest in the year ahead as it has provided the junior markets with a fantastic success story so far. Just as a matter of housekeeping I tipped Quindell on 19 July 2012 at 7.25p, and then advised taking profits at 13p on 2 November 2012. I am not permitted to invest in any company I write about and have never had a holding in Quindell shares.

Good movement up today 15p +1p on no much volume compare to recently

It seems MMs are controling very closely the share price movement and yesterday further marked down did managed to fill the GAP opened some time back. ( just noticed on M AM chart does not show) as usual not much work over here.

another thing that MMs do is making many stocks to do a double bottom ( of the last low )before allowing to move forward again, it happened on mid - december also

"...We are doing more work on this and will be back with more, but think that this is an opportunity which is not yet on people’s radar which could double, triple or even quadruple over the next 12-18 months. BUY.




23/1/2013 Aviate

Our attention was drawn to Quindell after a series of positive trading updates following a number of significant contract wins over recent weeks. The company provides software and BPO services to the insurance and telecoms industries. Regulatory change (the Jackson Review) has meant that UK motor insurance companies stand to lose a large part of their ancilliary income once the changes are implemented in April. Quindell provides an offering that allows this income to be retained (a key driver for industry profitability), which has driven significant contract wins over recent weeks.

We met the company last week, and were impressed by their confidence and the scale of the opportunity. With regulatory change meaning that the contract renewal cycle is dramatically shortened, there is clear scope for further meaningful contract wins over the coming months, which should drive significant further growth.

For a growth stock, Quindell is trading at the wrong price – 6x consensus 2013 EPS of 2.3p. Management is guiding to 3p and has consistently exceeded guidance historically. The company makes 25%+ EBITDA margins, has strong growth driven not just by upcoming contract wins but a plethora of other opportunities and enjoys a very higher proportion of recurring revenue (we think around 90%). A PE of 6x is the wrong multiple for this business, indeed comps trade on anything from c15x (BPO/IT services) to 100x plus (Guidewire, US direct comp). Taking this together with the fact that we think earnings estimates are likely significantly too low and we are looking at significant upside from current share price levels. We are doing more work on this and will be back with more, but think that this is an opportunity which is not yet on people’s radar which could double, triple or even quadruple over the next 12-18 months. BUY.



Source: http://www.aviatelive.com/quindell-small-cap-but-first-inquiry-looks-interesting/

Button down the hatches, I have read two reports now casting doubts about this company. The headline in this weeks IC - Quindell is growing at break neck pace, but is it heading for an accident ?

The experts can't agree (when do they ever) on QPP as evidenced by post 155 and your own dc. Like all investment dyor. I happen to like this one and am in from 5.65p, I did secure some profit just above the current sp but will hold on for a while yet. Should they weaken further I will sell @ 11p ish (maybe) GLA
2517