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

Tiger Global used shell company to short sell Quindell
A $15bn New York investment company has used anonymous offshore companies to profit from some of the largest short-selling attacks in Europe over the past three years, including the unravelling of the UK company Quindell. A Financial Times investigation can reveal that Tiger Global, which runs one of the world’s largest hedge funds, has used Cayman Islands based shell companies to make large bets against at least 12 European companies since 2012.

QUINDELL ECHO

Facts about Quindell rather than rumour

Now Rob Terry has stepped down, detractors can not effectively use Rob Terry as an avenue to attack Quindell. Detractors are now concentrating on undermining Quindell by focusing on its cash position.

The following provides indicators as to why cash should not be an issue for Quindell.

Announcements and Actions from Board of Directors

1) NARS announcement
Quindell statement 20th November 2014 made it clear that their stake in the National Accident Repair business was not being sold.

If the business was looking for a cash injection this would be an easy route to c£8m.

2) Financial Director
The Group Financial Director is not stepping down until suitable replacement and board changes implemented. Laurence Moorse would not do this unless the projected financial information given to the market credible.

Reason being Laurence Moorse’s credibility would be zero and he would find it very difficult to get another position as a Financial Director.

3) KPI Statements
Board of Directors have made several announcements stating that all KPIs will be achieved. This includes cash.

Cash Position

Legal settlement cash inflow per day increased to £750k in Q3 and is predicted to be £1m per day by the end of 2014. Quindell guidance is £30m – £40m net cash inflow Q4 and £100m net inflow (H1 2015).

Hearing Loss settlements have commenced and cash is coming into the business. Guidance with regard to cash takes no account of hearing loss settlement inflow.

NIHL cases settled earlier than the anticipated 18 months and at higher fees than anticipated. The impact of this will not be known until Quindell have completed their review. Review results are imminent.

The Solutions division is growing, and has a high conversion rate of profit to cash.

Insurers are paying within the collaboration protocol timescales of around 30 days which is reducing trade debtors.

The company over-delivers. Operating cash flow was £9m better than guidance in Q3

hxxp://quindellecho.com/2014/11/20/quindell-will-not-run-out-of-cash-and-does-not-need-cash/

onwards & upwards - would expect a steady stream of good news now imo

http://www.dailymail.co.uk/wires/reuters/article-2842679/Quindell-denies-Nationwide-Accident-stake-sale-shares-jump.html#ixzz3JcznUE4O

http://www.ft.com/cms/s/0/39a324bc-70aa-11e4-9129-00144feabdc0.html#slide0

Tiger Global used shell company to short sell Quindell - FT ...
www.ft.com › Companies › byregion
4 hours ago - Anonymous Quindell short-seller unmasked; Sebastian Mallaby rules for ... used an entity called Roble SL to bet that Quindell's share price would fall. .... Tiger Global used companies registered in the Cayman Islands to make ...
Anonymous groups that bet against Quindell and Blinkx ...
www.ft.com › Companies
4 hours ago - In April this year, investors bombarded the UK stock market regulator ... Using Cayman Island companies to hold and declare short positions is ...

bugger! was too busy and pre-occupied by half or would have taken a modest long on the basis of what i wrote yesterday

Talk about the battle of the bulge.

I took a gamble on Wed and bought a few more @47.50, only see it drop towards 40p.

I'm now only a couple of hundred quid down on my overall holding - luck!

Someone is late on reporting
almost like Tiger Global

ah but they are on the
Cayman isles

MRSI - And your point is?

FT exposing Roble tactics yesterday

Tiger Global used shell company to short sell Quindell.

A Financial Times investigation can reveal that Tiger Global, which runs one of the world’s largest hedge funds, has used Cayman Islands based shell companies to make large bets against at least 12 European companies since 2012.

A $15bn New York investment company has used anonymous offshore companies to profit from some of the largest short-selling attacks in Europe over the past three years, including the unravelling of the UK company Quindell.

A Financial Times investigation can reveal that Tiger Global, which runs one of the world’s largest hedge funds, has used Cayman Islands based shell companies to make large bets against at least 12 European companies since 2012.

Tiger Global’s $6.5bn hedge fund is the mystery investor that used an entity called Roble SL to bet that the share price of Quindell, a UK company, would fall. The Aim-listed group saw its share price collapse after being targeted in one of the highest profile short selling campaigns in UK history. This week Quindell’s chairman resigned from the company and its share price fell to an all-time low.

Tiger Global’s extensive use of anonymous offshore companies raises doubts about the effectiveness of new European rules aimed at forcing disclosure of those who make big bets against the shares of a company.

The rules were adopted in 2012 in the wake of a backlash against anonymous traders who profited from falling bank share prices during the financial crisis. They require investors, including hedge funds, to disclose any net short position making up more than 0.2 per cent of a company’s share capital to national regulators. Any net short position above 0.5 per cent must be made public to the market.

The purpose of the short selling disclose rules was to increase transparency and consistency across Europe,” says Michael Raffan, regulatory partner at Freshfields. “The use of artificial structures to avoid disclosure is against the spirit of the rules.”basrk002 - Today 16:28Recommend 7 | ReportSince the rules were introduced, Tiger Global has used four Cayman Islands registered companies to declare its short positions. It is not against the European rules to use a subsidiary but most other hedge funds use their own names.

Tiger Global’s other European moves have included a $200m bet against Nokia, the Finnish telecoms group, as well as short positions in HMV, the UK retailer, ahead of its bankruptcy. They also bet against Blinkx, a London-listed online video company whose shares plunged after a Harvard university professor published a report attacking its internet traffic figures last year.

Tiger Global, which declined to comment for this article, is one of the largest yet lowest profile hedge funds in the world, guarding the identities of its short positions so closely it does not disclose them in its letters to investors.

It was founded by Charles “Chase” Coleman, a protégé of Julian Robertson who was one of the most successful hedge fund managers with his own fund called Tiger Management before retiring at the turn of the millennium.

Several European regulators told the Financial Times that they did not know Tiger Global was behind the short positions in their jurisdictions. The disclosures were made using only the names of the Cayman holding companies and the contact details of its European lawyers, Simmons & Simmons. The law firm declined to comment.

The European Securities and Markets Authority, the body that worked on the technical aspects of the short selling rules, said: “The rules are there to be enforced by national European regulators”.

The UK’s Financial Conduct Authority said: “The EU position is that there’s no requirement for the beneficial ownership to be disclosed to regulators.”

The UK’s FCA was inundated with requests for information about the identity of Roble S.L. from investors after the entity took out the largest short position against Quindell, but said it could not comment on whether it did or did not have information.

FT - Tiger Global used shell company to short sell Quindell.

Time to move higher again

@ 63p was a 50% intraday retracement

bought some more at 64p

and now the Level 2 has gone very strong on the bid side

Some large buy or short closing

TRADE 13:49:27
684,500 @ 65.50p
worth £448.350k

some posters Reckon T W is "totally bonkers"
others have had an email from him today
many say ADVFN has parted with him and the shareprophets SCAM

Thing is, his game is beginning to unfold now and things are changing with the whole coordinated shorting operation becoming increasingly exposed. I expect more pitiful letters and desperate attempts to attract the attention of his ever dwindling audience.

i don't follow TW as certainly he seems a bit out with the fairies, but nevertheless, QPP has a questionable future

it'll be interesting to see in which direction sp heads on monday
it's strong today partly because it's friday and natural bear closing, but also IG is hiking the margins very significantly at 17:00 tonight, so many will want to lighten their positions

I can't believe it, the UT was at 70.75p with 823K
2p above the closing spread
Looking forward to Monday then

16:35:11 70.75 823,520 UT

Mentor post 1509 - I completely agree with your comments.

What Would I do now if I was Rob Terry of Quindell?
By Tom Winnifrith | Friday 21 November 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

So far my cunning plan to help Rob Terry get as much cash as possible before the Quindell (QPP), cough, cough consultant goes to prison is working brilliantly. I advised him to resign HERE and he duly took my advice. Rob I have already accrued a £10,000 consultancy fee for that can you be a good fellow and post me a cheque with a small portion of your ill-gotten gains. Now what next?

The deadwood press and the uber thick Tom Dobell at M&G bought into the idea that Quindell’s problems were corporate Governance related and nothing to do with fraud and looming bankruptcy. Quelle surprise. Rob you fooled them when you said you were becoming a “consultant” at the Innovation Group we both knew you’d fool them again.

Rob has already beaten me to it with what I suggested next. Give the FT the information on who Roble (one of the big shorters) is. I happen to know that Roble is nothing to do with Gotham and I have never had any contact with Roble but let’s get Bell Pottinger spinning. Roble are clearly a bit “wide” so let’s go back to that global shorting conspiracy line again. Bingo!

I see on the Bulletin Boards that I have already been spotted with Roble in the Cayman Islands. Good work Bell Pottinger. I now that I am in Greece and you now that too but these Morons will believe anything! Roble are dodgy and so all the shorters are in it together. You gave the FT the story so it seems credible now your team need to carry on discrediting. This is brilliant because now no-one is talking about all the Quindell frauds and how the FCA etc. is investigating the blatant insider dealing. That buys time.

But we still know that Quindell is going bust and that in due course the crimes will result in arrests. So all that matters now is buying time and selling shares. So here’s the five point plan to max out.

1. Try and sell anything that can be sold. The National Accident Repairs (NARS) shares are for sale. In fact everything is for sale but we must pretend there is no cash crisis so if questioned we just say “we are not actively marketing” anything. Keep planting those rumours of a bid/MBO/vultures looking at your prize assets. We know its cobblers but we also know that your shareholders are very stupid indeed.

2. Stop writing new business in QLS, take even longer to pay bills ( your record is so shocking that no-one will notice) and try not to go bust or admit to the cash crisis for a couple of months. Use any strength in the Quindell share price (yes we are at 73p now on a bear squeeze) to flog those shares PT & Himex owns which you issued to yourselves to buy them. Get those shares out first as Quenron needs the cash and you won’t have to declare the sales at once. What? You said lockins. This is Quindell Rob remember that. Lockins mean jack shit.

3. Keep banging on about how you will hit profits forecasts, albeit thanks only to accruals and other fiddles. The grim truth about cash only needs to be revealed when things get utterly critical or when KPMG come to do the audit. So don’t mention cash at all. We know there will be red ink all over the P&L in the end as the goodwill and accruals are written down. But you have three months until then and use that time to…

4. Sell all your shares. We know that you should announce when you go through a percentage point but let’s face it non-disclosure would be the least of your crimes. It would be like pulling up Idi Amin for a speeding violation. I expect you have already flogged enough to be at x.0001%. Then sell the rest like there is no tomorrow. Let’s face it your business career is over and you are in deep merde so just get as much money as possible before your collar is felt.

5. Make sure everyone thinks that Currie fellow is in charge. We know you are pulling the strings. But let’s keep that as our little secret.

As ever, I shall accrue aggressively once again for my sage advice.

it certainly looks a stock with plenty of volatility remaining