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

kim - is that a polite way of saying 'stupid' :-)

Ooooh! What?! Would I say such a thing?! :o)

i would be more inclined to buy FLYB than QPP if you want to delve into bombed-out stocks

Well I suppose FLYB could take off again (sorry!), I hope the Director buys were not the same type as the QPP ones!

.

read today's ST
both QPP and (i think) IGas Energy are due for further tumbles tomorrow

Sharecast -

Quindell said to be in talks with hedge funds to raise cash

Sun, 16 November 2014


Quindell said to be in talks with hedge funds to raise cash

Insurance services company Quindell has begun talks with hedge funds in a bid to raise funds, reports have claimed.
The UK-listed company, which has seen its share price tumble 76% in the year-to-date, is believed, according to the Sunday Times, to have met "at least two" hedge funds "in recent weeks" to hold talks over a potential injection of cash.

However, Quindell has said it "has no current need for any third-party financing".

As quoted by the newspaper, the AIM 50-listed group said: "Quindell is regularly approached by, and opens discussions with, funds and financial institutions who understand the quality of its receivables and are familiar with the cashflow profile of legal services work."

It comes after three of its directors were last week heavily criticised for not purchasing as many shares as they had pledged to.

The group's founder, its finance director and a non-executive director have been loaned £8.8m from Equities First Holdings, using their shares in Quindell as collateral. The directors said they would use the borrowed funds to buy more shares, but have actually only so far purchased shares worth £2.1m.

Resignation of joint broker

Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, announces that Canaccord Genuity Limited submitted its one month notice of resignation as the Company's financial adviser and joint broker on 21 October 2014 but that the Company has agreed that the resignation is effective today.

The same broker who has constantly had an 87p or £13 target ..

Yes it says a lot about cannacord!

Same for a lot of them skinny.

am even contemplating adding yet more to my short, even though sp has already tumbled this morning ..... minimal number of buyers on the L2

Straight back into auction -24%

Worthless imo.

grin grin grin grin
still not exactly a big position, but managed to short another little lump at 59.5

Up and down - tradeable for the brave..stupid?

my overall average here is now 82.4, so it wasn't THAT dumb

i'll have a steak instead of the pie on YOU next time we meet ;))

i'll certainly be down for christmas .... probably driving down on the sunday b4
hope your balers and the like are not already getting bogged down

All tucked away for winter, hope to be in Fuerteventura for xmas and new year.,.