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

here's the article for you ..... i'ld normally prune it to make it more readable, and may do so later, but meantime ......



November 18, 2014 5:03 pm
City high-flyers staked reputation on Quindell
Miles Johnson and Henry Mance

TOM DOBELL, Fund Manager, M&G Recovery Fund. Pic taken at Prudential offices, Laurence Pountney Hill
Tom Dobell regrets backing Quindell founder
Rob Terry’s exit from Quindell has called into question the judgment of several high profile City fund managers who repeatedly defended the entrepreneur.
Investors have been left sitting on hundred of millions of pounds in paper losses, after Mr Terry’s plan to take the business to the FTSE 250 disintegrated amid shortselling attacks and share dealing controversy. Tom Dobell, the manager of M&G’s flagship £5bn Recovery Fund, admitted he “had made a mistake” backing Mr Terry as it emerged he had also invested in the Quindell founder’s previous venture Innovation Group, which also resulted in large losses for shareholders during last decade’s dotcom boom.

Mr Dobell earlier this year defended Mr Terry as “hard working and capable” following a publication of a report by the short selling research group Gotham City attacking Quindell’s accounting in April. He dismissed Gotham’s research at the time.
Mr Dobell, who has now twice made large losses investing in Mr Terry’s ventures, both of which saw a similar story of stratospheric share price rises followed by a brutal reversal and Mr Terry’s resignation, told the Financial Times that he now regretted backing the Quindell founder.
“It appears at this point we made a mistake but this is still a business that is a going concern,” he said. “Institutional investors are often criticised for cutting and running but we worked closely with Quindell to improve governance”.
Davide Serra, the chief executive of the hedge fund Algebris who has advised the British government on banking, made repeated defences of Mr Terry since the short selling research group Gotham City published a report attacking Quindell’s accounting in April.
Mr Serra, who met Mr Terry on several occasions, said in June after the UK Listing Authority blocked Quindell’s admission to London’s main market that he had conducted exhaustive research and due diligence into the company.
“There is nothing that concerns me, and everything can be explained,” Mr Serra said, adding defiantly: “We expect significant cash flow by 2015. Then we will see who is right”. Mr Serra declined to comment on the news of Mr Terry’s exit from Quindell.
Polygon, another UK hedge fund, held a stake in Quindell and wrote to its investors after the Gotham City Research report was published that it was confident Mr Terry would not repeat the management style that preceded a more than 90 per cent share price drop in his previous Aim market venture, Innovation Group.

Davide Serra
“[W]e believe that Robert Terry and his team have learnt from previous mistakes,” the hedge fund wrote in May of this year. Polygon declined to comment.
The repercussions from Quindell have not been restricted to its investors, with shares in Cenkos, the small London broker that serves as the company’s nominated adviser, falling sharply.
The broker, whose job was to help Quindell meet its requirements to investors as a listed company, is facing scrutiny over why Rob Terry misinformed the market, both in 2013 and 2014, about the precise nature of complex financial arrangements.
Cenkos shares tumbled nearly 10 per cent on Monday – underlining the turmoil caused by its association with Quindell. Canaccord, Quindell’s joint broker since 2013, resigned in October.
David Currie probably didn’t expect such a violent rollercoaster when he joined Quindell’s board in July 2014. But the former head of investment banking at Investec was forewarned, having advised Innovation Group, Mr Terry’s previous venture, during its ill-fated acquisition spree between 2000 and 2002.
A former rugby player and occasional triathlete, his immediate task is to find a full-time replacement for Mr Terry. But he also has to assuage the ousted chairman, who remains the company’s biggest shareholder and close to several executives.

Mr Terry, now a paid consultant at Quindell, held a client meeting on Tuesday and will be particularly involved in the telematics business.
Jim Durkin scored a big win earlier this year, when Cenkos advised on the flotation of AA, run by his friend Bob Mackenzie. But now his brokerage finds itself facing tough questions for its role as Quindell’s nominated adviser since January 2012.
Cenkos stood by Mr Terry when he misinformed the market, both in 2013 and 2014, about the precise nature of complex financial arrangements.
The brokerage is famed for its ability to distribute stock. Its private clients increased their investments before and after shortsellers Gotham City Research’s dossier of allegations.
Cenkos’s shares tumbled nearly 10 per cent on Monday. Canaccord, Quindell’s joint broker, resigned in October.
Gotham City meanwhile resisted crowing about Mr Terry’s resignation on its Twitter account, only noting that the Quindell founder had acknowledged there would now probably be a margin call on the shares he had used as collateral for a loan in a deal that precluded his departure.
Cenkos did not immediately respond to a request for comment. Mr Terry declined to comment.

meanwhile share trading here remains remarkably quiet and stable

aye cynic and i cant even watch it or other shares thanks to mam being permanently flaky lol

Down another 8% so far today, so unless short, not much to watch anyway!

The London Stock Exchange is starting an investigation into Monday's 19% fall in the share price of insurance outsourcer Quindell, The Telegraph has reported. "The probe comes as it emerged that Quindell founder and former chairman Rob Terry is sitting on £5.9m in cash from a complex share deal which has unnerved investors," the paper said.

cheers harry and good post last night

yep terry has a history of doing this - imo he should be barred from being able to do this ever again

still makes for opportunity though so maybe not lol

i remain surprised that sp is as stable as it is today .... shall just maintain current short have banked a juicy 50% a couple of days back

Came across this.

re Dobell

"In April he defended the company when it was the subject of a speculative attack by Gotham City Research in the US. At the time he said he was working with the company and praised Terry as a 'hard working, capable chief executive'.

Quindell isn't the first time that Dobell has backed one of Terry's ventures. He previously backed InnovationGroup, which fell from grace during after the dotcom bubble burst."

Not a great track record. It is a pity for QPP shareholders that Mr Dobell didn't parachute in some worthy NEDS to keep Rob Terry in check.....

well done shorting cynic - seems to be no end to the red here - will it go all the way down to 0 lol

Well done cynic, these are less than 3p old money, lowest I've seen. Do you think the LSE would suspend trading in QPP?
2517

don't know but there's no obvious reason why they should
i wonder if i'ld have shorted further had i not been playing golf .... probably not, but i'm certainly quite a happy bunny despite only holding a fairly modest position

George yes.

See this...............

EXCLUSIVE: National Accident Repair – Quindell begging for someone to buy its stake – cash clarification needed NOW – DEATH IMMINENT
By Tom Winnifrith, The Sheriff of AIM | Wednesday 19 November 2014

http://www.shareprophets.com/views/9063/exclusive-national-accident-repair-quindell-begging-for-someone-to-buy-its-stake-cash-clarification-needed-now-death-imminent

George yes.

See this...............

EXCLUSIVE: National Accident Repair – Quindell begging for someone to buy its stake – cash clarification needed NOW – DEATH IMMINENT
By Tom Winnifrith, The Sheriff of AIM | Wednesday 19 November 2014

http://www.shareprophets.com/views/9063/exclusive-national-accident-repair-quindell-begging-for-someone-to-buy-its-stake-cash-clarification-needed-now-death-imminent

Cockney Rebel flagged this up as a potential disaster long before Winnifroth figured it out and jumped on the bandwagon.

Response to Speculation

Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, confirms that, contrary to speculation, it is not actively seeking to sell its shares in Nationwide Accident Repair Services plc.

but the market still thinks it's a garbage company, probably on the basis that the whole and exact truth is not being revealed yet again

Declared short interest still quite high at 6.8%.

must be all mine :-))