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

Which probably means funds are running out mega quick ......

i'ld agree, but sp is steady with strong volume, perhaps indicating that the bears are beginning to close and/or a t/o is hoped for

Another 12% fall.

There's going to be trouble ahead....Daily Mail Article

From yesterday's Telegraph/Questor

have dipped my toe back in (short), though very gingerly at 43.0
if it looks right in due course, may add further

heavy trade here again with over 18m already traded and sp now down a further 11%

tried to add to short at 39.75, but that's now way out of line ..... never mind

Run for your lives..

run for the bank :-)

It wont be long now.

Another 45% drop.

the only bugger is that i have been unable to top up my short ...... tried again at 38.5 about 30 minutes ago, but that failed dismally too
never mind, a decent but more modest profit now clocking up

Playing the other way - I bought @26.3375 - in auction again now.

at least you can only lose 26.3375 a share :-)
i'll probably pop in a stop which will still leave me a juicy profit even if hit

Blast - back in auction again before I could close - suspension must be imminent.

closed with profit of 9.75p per share
could have been a lot better, but def no complaints

may try to short again shortly :-)

Rob Terry has dumped another load (of shares!)

Closed @34.50

on edit - and its back in auction.

Kim - old news (1hr) :-)

Contract updates

Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, announces a number of new or extended contracts demonstrating the ongoing support of customers to the Group.

Swinton Group Limited ("Swinton"), one of the UK's largest insurance brokers with over 1.2 million motor policy holders has signed a multi-year contract renewal with Quindell. The renewal will see Quindell continue to exclusively handle all aspects of the motor claims process for Swinton, including accident management, hire, repair services, legal services and rehabilitation.

Steve Chelton Head of Claims at Swinton: "We have enjoyed an excellent working relationship with Quindell over the past two years, providing our customers with an unparalleled service when they most need it following an accident. Quindell continues to exceed expectations in all aspects of their service throughout the supply chain and we look forward to continuing this relationship."

In addition, the Group has also signed a contract renewal with Insurethebox who are the UK's largest provider of telematics insurance, for Quindell's ICE Policy administration solution and ICE Rating engine for a further three years. Quindell continues to provide all insurethebox's core administration technology as they also use our ICE Claims product.

Quindell is also pleased to announce a new multi year contract with one of the UK's leading motor-cycle insurers for its ICE Claims, and ICE Intelligence solutions.

Robert Fielding, Group Chief Executive Officer of Quindell, commented: "We are delighted to announce these new contracts and renewals which demonstrate that our service and technology offerings continue to be attractive to leading organisations in the insurance sector."
-ends-