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

"...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

Thanks 2517George

Don't sit comfortable with this one.

Yep, it's looking fragile but I'll stick around abit longer. I've been in since 6p days so sitting on a bit of profit.. Think I'd sooner be in than out..we should be getting more good news soon

The experts say it's looking not so good so they can look good if it does fall..hedging their bets!...but I think there's still alot more to come.. (imho)

You are fine if you got on board early.

Already to fund Quindell rapid 2012 expansion plans, the shares in issue went from
2bn to 3.6bn and the board still has the authority to issue another 2.4bn shares.
If deals announced in December close as anticipated in April , they will require the issue of another 267.8 million shares.The house broker forecast of 2.45p EPS for 2013. To achieve that revenue has to almost triple to £442 million and adjusted pre-tax profits have to leap from £43.3m to £126m. Thats what hit me.

No news to spoil my day DC??

dreamcatcher - "..they will require the issue of another 267.8 million shares.."

That's a mere 7.3% more than currently in issue. Hardly panicworthy.

That does not concern me juzzle (perhaps if they issue another 2.4bn shares, does)
For me there are just to many questions being asked.

Trading Update

Highlights

· 100% success rate in converting all outsourcing pilots into on-going long term contracts
· Growth rate accelerates with new prospects referencing existing clients to bypass pilot phase
· Group now has visibility of the outsourcing volumes required to meet the market's current full year revenue expectations for 2013
· Potential acquisitions continuing to be considered only where they are significantly earnings enhancing and any equity issue is at a significant premium to current share price
· Preliminary results to be announced on 7 May 2013, in line with review required for Full Listing

Anyone know why it's going down?

Possibly in anticipation of the following (from Inv Chron 21/01/13):
"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."

Thanks Harry. I'll hold on then.

Issue of Warrants

Acquisition of iSaaS Technology

· Cloud-based SaaS provider to the UK and International medico-legal services industries
· Earnings enhancing in the current year
· Allows Quindell to benefit from market share beyond that which it is servicing directly

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 the acquisition of iSaaS Technology Limited ("iSaaS"), the leading cloud-based Software as a Service ("SaaS") provider to the medico-legal and legal services industries both in the UK and overseas.

The terms of the acquisition were satisfied by the issue of 38,057,143 Quindell shares and the payment of £1.34 million in cash. The shares, representing approximately 1% of the Group's issued share capital, will be subject to lock in of between 12 and 36 months from the date of issue. The iSaaS management accounts for the three months to 31 March 2013 forecast turnover of circa £0.5 million and profit before tax of circa £0.4 million. The acquisition is expected to be earnings enhancing in the current year.

small fry but more shares in issue..not expecting the sp to do anything today

'cept for the sp to go down a little of course! (& in a rise day in the market as well!)..

Still, imho, I expect the sp to rally a bit as we get towards early May when the results are due and we get good news on all fronts.. (I hope)