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

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

closing price UT @ 75p when the spread was 72p

news on the MAIL for tomorrow.

MARKET REPORT: Quindell's revival is gathering pace as US investment bank Morgan Stanley snaps up £15m worth of shares
By Peter Campbell for the Daily Mail-published: 21:22, 16 February 2015

In days gone by a 7 per cent swing in the share price of Quindell would not even raise eyebrows.

Perhaps it is a sign of the times that news that Morgan Stanley has taken a sizeable stake in the company only moved the stock single digit figures.

The US investment bank has become the latest institution to pump its money into the polarising legal claims processor, following private equity group Toscafund last month.

Morgan Stanley’s holding rose to more than 5 per cent, triggering a stock market announcement, as it snapped up some 22million shares, worth around £15million.

The move was welcomed by battle-weary investors, and shares rose as high as 76p before easing to finish 5.08p or 7 per cent higher at 73.53p.

They are still a fraction of the 660p they hit in the early months of 2014, before questions were raised over its business model.

But since the unceremonious ousting of founder and former chairman Rob Terry last November – after it emerged he sold shares while sitting on the price sensitive information that the company’s joint broker had resigned – some semblance of stability has arrived at the firm that grew out of a Hampshire golf club to become a one-time Footsie contender.

Richard Rose, chairman of Booker, and Jim Sutcliffe, the former Old Mutual boss, were drafted in to orchestrate a turnaround.

Under all of the market noise, the underlying business is believed to be sound.

Rose and Sutcliffe are in the process of working though the business trying to work out what exactly Rob Terry bought.

The splurge of acquisitions that happened under his tenure include some pretty left field additions such as a scaffolding firm and a solar panel installation business.

Investors would find it strange if these odd stable-mates were not flogged off at the first available opportunity as part of a drive to clean up the business.

A PwC report is also underway, which management hope will finally banish questions over the company’s accounting practices and draw a line under the sorry saga that has seen some shareholders lose 90 per cent of their investments.

Quindell-s-revival-gathering-pace-investment-bank-Morgan-Stanley-snaps-15m-worth-shares

Morgan Stanley drops below 3%

Betaville latest.

hxxp://betaville123.blogspot.co.uk/2015/02/aussie-lawyers-slater-gordon-in_21.html


Saturday, 21 February 2015




Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 11



I have had a few readers get in touch asking for an update on the Quindell situation, so here it is:

I'm told by excellent sources that talks between Slater & Gordon and Quindell (and also their investment banking advisers at Greenhill and NM Rothschild) about a deal for the Aim-listed company's legal services division are getting hot and heavy i.e very serious.

Don't, though, get too excited because after a period of due diligence, Slater & Gordon has indicated that it may only be willing to pay around £700 million for Quindell's legal services unit, according to well-placed sources. Apparently, the majority of the potential offer will be in cash.

In case you don't recall, Slater & Gordon originally indicated to Quindell back in November 2014 that it could be willing to pay six times sustainable EBITDA (earnings before interest, tax, amortisation and depreciation). Given the legal division was/is generating about £180 million of EBITDA, the original indicative approach from Slater & Gordon valued the unit at around £1billion.

So, the new potential price of £700 million is significantly lower than what was indicated in the original approach (a statement of the obvious, I know). Indeed, one person following the situation described it is a "bit of a cheeky bid".

Quindell's board is scheduled to meet early next week, according to my sources familiar with the matter.

However, it's not clear whether Slater & Gordon will be able to get its act together in time to submit a formal offer for the Quindell board to consider next week.

The other uncertainty is that if the Aussies do pitch their bid for Quindell legal services at £700 million, the board may not be able to recommend to shareholders because it is not high enough.

Some analysts reckon £800 million is the minimum Quindell's board would deem acceptable for its legal services unit.

Both Quindell and Slater & Gordon declined to comment.

http://www.dailymail.co.uk/money/markets/article-2964282/Price-blow-Quindell-arm-Australian-law-firm-Slater-Gordon-reduces-takeover-offer-third.html

Update regarding discussions with Slater & Gordon

Further to its announcement of 22 January 2015, Quindell Plc (AIM: QPP.L) notes the further press speculation and announces that it has extended Slater & Gordon Limited's ("SGH") exclusivity period relating to the possible disposal of the professional services division ("PSD") of the Group to 31 March 2015.

Discussions are progressing with SGH and the indicative terms being discussed would imply a significant premium to the Company's market capitalisation at the close of trading on 20 February 2015.

There can be no certainty that these discussions will lead to an offer for, or the disposal of, the PSD. Further announcements will be made, as appropriate, in due course.


-ends-

looked to me that sp had o'reacted for though talks are on-going, they're clearly a long way from cut and dried, though the wind is favourable

accordingly, have banked a good profit (17p) for outlay and shall now wait for sp to drift with a view to re-entry

I can not believe it, The one on top
And I though he was short?
Share price shoot up and says I bank a profit

just shows you didn't know you didn't know

Just shows never believe a liar

oh dear oh dear
why do you always have to slip back into MRSI (menorca et al) abusive mode?

=======

i really do not care whether or not you believe me, but fwiw
06/02/15 bought at 78p
23/02/15 sold at 95p