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

cynic hope you're watching your FLYB short.
2517

thanks george ... i've just got back from the gym, but i remain very well in the money at an avr of 84.45 .... my top up was at 66.0, so even that is a tad better than b/e

Taken from Aussie discussion board.





Thursday, 29 January 2015




Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 7



So, I think I said earlier in the week the Quindell takeover situation was likely to liven up. Well, it has livened up.

I hear Quindell held a full board meeting yesterday at which directors discussed appointing bankers from NM Rothschild to advise the company ahead of a potential offer from Australian law firm Slater & Gordon for the AIM-listed group's legal services unit.

Yesterday, Quindell's directors agreed to appoint NM Rothschild - up until now the company had been advised by Codex Capital - and a letter of engagement has been drawn up, according to my sources.

Slater & Gordon's "exclusivity" arrangement runs out at the end of the week, so there is some expectation the Aussie group may come up with an offer for the legal services unit by Monday. I say "may" because nothing is ever certain in the world of M&A...

As well as negotiations with Slater & Gordon, NM Rothschild is expected to advise Quindell on other strategic matters. I understand Codex will also continue to work with Quindell.

When asked about NM Rothschild's appointment, a public relations spokesperson for Quindell confirmed the advisory group had just been retained.

did this chap have a microphone in someone's knickers?
if not, it sounds like typical BB b'shit with a bare element of truthful possibility, maybe

hmmmmmmmmmmmm looking cheap right now

don't forget that what is cheap can get cheaper too!

btw highlights how questionable was post 1749

dz - hope you didn't buy ..... now down 17p to 68

Press Speculation

Quindell Plc (AIM: QPP.L) announces that, contrary to speculation, the exclusivity arrangements with Slater & Gordon Limited in respect of the possible disposal of an operating division of the Group ("Exclusivity") continue and discussions are on-going.

There can be no certainty that these discussions will lead to an offer for, or the disposal of, an operating division of the Group. The Company will make an announcement if the Exclusivity terminates in the future.


-ends-

Well, that's taken care of the sp.

Still don't understand the relevance of the other thread.

well yes and know ..... though sp had been down 17p it's still down 12.5p, so scarcely a rousing reception to that latest rns

the other thread is just some plonker trying to get coverage or somesuch
no one else post there!

1. Slater and Gordon are interested in putting in an offer for the Quindell Legal Services division.

2. S&G have an exclusivity period to formalise their offer.

3. Mr Grech, S&G CEO arrives from Australia this week to attend meeting with Quindell.

4. S&G business update due 10th February 2015

Questions

a) If the CEO intends to be in Australia for an S&G business update on the 10th February, why would Mr Grech fly from Australia to the UK now?

Would anybody travel for four days in a six-day period if didn’t believe a deal was going to happen?

b) Is it possible to give an update on the S&G business on the 10th February without mentioning a potential deal with Quindell that will potentially double the size of the business?

c) Would the most senior person in S&G meet with Quindell before an outline deal had been agreed in principle?

The ducks are all lining up nicely for an announcement regarding the Quindell and S&G deal soon.

onwards & upwards..........................

'The retail investor favourite Quindell climbed 6.5p to 76p amid hopes that a deal with the Australian law firm Slater & Gordon to offload part of its legal arm could soon be hatched. Slater & Gordon reports half-year results next Tuesday and investors believe this will bring with it an update on talks. Rumours are circulating in the City that executives from Australia have also flown in this week to cast an eye over the books of the claims-handling business.'




http://www.independent.co.uk/news/business/sharewatch/market-report-lonmin-leaps-amid-takeover-rumours-10027615.html

I could have done better without the Indy tip on buying this morning 80.12p , as my research last night was giving me a signal ready to buy.

order book is not that strong yet, though there is plenty of trades on the offer side well outside of the normal price

my reasons.
Has been on the bottom of retracement for a couple days and now ready to go higher. Yesterday's Candlestick was the biggest signal. Company sorting itself out on trying to sell some of the group parts.

it is certainly somewhat strange that sp hasn't headed further north as the latest news can scarcely be construed as anything but good, even if there's many a slip etc

in fact, at time of writing it is only +1.25 at 76.0 bid

This has become very much a case of 'the boy who cried wolf', hence, I guess the fall back from the opening 83p?

Perhaps there's a doubt over what a close inspection of the books might reveal.,.

A link to Slater and Gordons Interims.





http://www.asx.com.au/asxpdf/20150210/pdf/42whn4k0y65n6c.pdf

Tucked into the interims was this paragraph:
"Slater and Gordon also recently announced that it had entered into exclusivity arrangements with Quindell plc ("Quindell"), in respect of due diligence relating to the possible acquisition of operating assets of Quindell. These discussions are ongoing and remain preliminary and incomplete. The purpose of the due diligence process is to assess whether the assets are a strategic fit and to determine their fair value for the purposes of any offer to acquire assets being made. The due diligence process may or may not result in an offer being made and any such offer may or may not be accepted by Quindell. Slater and Gordon is also completing due diligence on a portfolio of Quindell personal injury litigation case files with rights to take a transfer of files over the coming months. This file transaction, if it occurs, will not have a material impact on FY15. The Company will update the market as appropriate."

Morgan Stanley > 5%

from below 3% to above 3% 4% and 5%

Below 3% to 21,942,446 shares or 5.03%
on the 12th February 2015

What the news have done on the share price a spike of 7p