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

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)

the one positive from the announcement is the last sentence :-

"The acquisition is expected to be earnings enhancing in the current year."

ooops! down a penny... what's going on...this is not in the script

Sorry, but based on the chart alone, I would not be a buyer.

i wouldn't be a buyer now, but back along was temping and now got caught.,.

Hope this does recover for investors, as I said in January too many questions to ask of this company and the huge amount of shares.

Acquisition of Compass Costs

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 Compass Costs Consultants Limited ("Compass Costs"), one of the UK's leading legal costs consultancy and costs drafting firms.

Highlights

· Acquisition of one of the UK's largest costs draftsmen for shares at a significant premium
· Earnings enhancing in the current year and significantly earnings enhancing for 2014
· Fast tracks Quindell's growth in this key legal services area
· Ensures our legal operation now includes the largest costs practice in the UK

The terms of the acquisition were satisfied by the issue of 80,000,000 Quindell shares representing approximately 2% of the Group's issued share capital. Based on the agreed valuation of £14.0 million the transaction gives an implied value of 17.5p per Quindell share. The shares are subject to lock in of between 12 and 36 months from the date of issue. In return, Compass Costs has warranted a profit after tax of £2.0 million and operating cash flow of £1.5 million for the year ending 31 December 2013. The most recently filed accounts for Compass Costs, being for the year to 31 January 2012, showed record turnover of circa £6.4 million and profit before tax of circa £1.3 million. The acquisition is expected to be earnings enhancing in the current year and significantly earnings enhancing in 2014 due to the volume of costs work that the Group can direct to Compass Costs associated with its legal services volume, estimated at over £20 million per annum by 2014, making Compass Costs the UK's largest costs draftsmen.

As already one of the largest costs practice in the UK, Compass Costs operates across a broad range of legal case types, specialising in high value and clinical negligence costs recovery, as well as personal injury costs recovery and litigation. Compass Costs, which will operate as a division within Quindell Legal Services ("QLS"), will enable QLS to achieve its full potential by providing its services across the whole of QLS's portfolio of cases, and further enhance the Group's ability to deliver its insurance market offering maintaining its leading position in an evolving market place in light of the recent Ministry of Justice costs reforms and LASPO implementation.

Quindell has been working with Compass Costs since October 2012 and the operational model that will be in place following this acquisition has been running on test since the start of the current year. During this test period Quindell has validated the quality of the service provided, examined the operational savings, the excellent results obtained and also the strength of the team and business model moving forward that will enable Quindell to maintain its growth in this area, which otherwise would have been difficult to manage organically in the time available.

Looking good!

If you bought sub 10p maybe.

Yep.
mostly at 6p but have a few from12p..it'll get better over next few months imho

RAC 5 Year Contract Win

Highlights

• RAC contractsfinalised with potential to address over £500 million of UK auto claims costs annually
• 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

Trading update

As previously stated, the Group is enjoying a strong start to the new financial year. The Group has continued to be successful in converting pilots to full relationships, achieving a 100% success rate, with all the major outsourcing and partnership pilots that the Group announced during the latter stages of 2012 as being in progress now successfully converted into ongoing relationships. The final terms of these agreements, which are now being put in place, range from rolling contracts with several months' notice to contracts with a minimum five year duration. The conversion of each of these pilots, together with other outsourcing wins that the Group has gained, now provide the Group with visibility of the outsourcing volumes required to meet the market's current full year revenue expectations for 2013.

Readiness for the recent regulatory changes within the UK insurance sector that came into force on 1 April 2013 is, without doubt, one of the leading considerations within the boardrooms of the Group's prospective customers and this, together with further clarity issued by the Government as the 1 April date approached, means that sales cycles are continuing to be accelerated. This acceleration has also increased as recent contract wins have been confirmed without going through a pilot stage as prospective customers have been happy taking references from existing clients.

.

Good to see they sealed the contract.