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

very unusual for "Cy" buying or shorting and not to tell ...tom, dick and harry

but the last time forgot since ( buying ? ) and not posting one time

very strange for the liar stabber

----------------------------
and can you believe it talking about re-entry

also posted on the other "competing" thread ....

there is certainly a curious comment in the RNS of 23rd as below .....

Feb 23 (Reuters) – Quindell Plc
Update regarding discussions with Slater & Gordon
Notes further press speculation and announces that it has extended Slater & Gordon Ltd's exclusivity period relating to possible disposal of professional services division of group to March 31
Talks are progressing with SGH and indicative terms being discussed would imply a significant premium to company's market capitalisation at close of trading on Feb 20 2015
There can be no certainty that these discussions will lead to an offer for, or disposal of, PSD

Update

Quindell Plc (AIM: QPP.L) announces an update on the independent review of the Group's main accounting policies and expectations as to cash generation into 2015 being undertaken by PwC ("Independent Review") and certain strategic decisions.

The Board has now considered an update from PwC and one from the consultants, Richard Rose and Jim Sutcliffe (the Company's prospective Chairman and Executive Deputy Chairman) ("Consultants") who are assisting the Board. The updates covered, inter alia, ongoing strategy, the outlook for the business and appropriate revenue recognition policies. As a result, the Company confirms that:

· The Independent Review is ongoing and has taken longer than originally anticipated given the high level of corporate activity of the Group. Advice in relation to the Company's main accounting policies (in particular revenue recognition in the Professional Services Division) is being further considered and no conclusions have been reached. The Board now expects that the Independent Review will be completed in the next few weeks and shareholders will be updated as appropriate as to its findings;
· The Board has concluded that going forward, the Company will have two operating divisions: the Professional Services Division and the Technology Division (comprising insurance software, telematics and telecoms businesses). There are, therefore, several businesses and assets that are non-core and the Board will take appropriate action to deliver shareholder value from those assets; and
· The Consultants have noted the quality of people, operations and prospects of the Professional Services Division. The Board and the Consultants believe, however, that it is in shareholders' interest to continue to explore the potential disposal of this division to Slater & Gordon Limited and the Company is continuing discussions as announced on 23 February 2015. There can be no certainty that these discussions will lead to an offer for, or the disposal of, the Professional Services Division.

Further announcements will be made, as appropriate, in due course.

-ends-

good stuff!!


Friday 27 February, 2015
Quindell PLC
Update
RNS Number : 0588G
Quindell PLC
27 February 2015




27 February 2015



Quindell Plc



("Quindell" or the "Company" or the "Group")



Update



Quindell Plc (AIM: QPP.L) announces an update on the independent review of the Group's main accounting policies and expectations as to cash generation into 2015 being undertaken by PwC ("Independent Review") and certain strategic decisions.



The Board has now considered an update from PwC and one from the consultants, Richard Rose and Jim Sutcliffe (the Company's prospective Chairman and Executive Deputy Chairman) ("Consultants") who are assisting the Board. The updates covered, inter alia, ongoing strategy, the outlook for the business and appropriate revenue recognition policies. As a result, the Company confirms that:



· The Independent Review is ongoing and has taken longer than originally anticipated given the high level of corporate activity of the Group. Advice in relation to the Company's main accounting policies (in particular revenue recognition in the Professional Services Division) is being further considered and no conclusions have been reached. The Board now expects that the Independent Review will be completed in the next few weeks and shareholders will be updated as appropriate as to its findings;

· The Board has concluded that going forward, the Company will have two operating divisions: the Professional Services Division and the Technology Division (comprising insurance software, telematics and telecoms businesses). There are, therefore, several businesses and assets that are non-core and the Board will take appropriate action to deliver shareholder value from those assets; and

· The Consultants have noted the quality of people, operations and prospects of the Professional Services Division. The Board and the Consultants believe, however, that it is in shareholders' interest to continue to explore the potential disposal of this division to Slater & Gordon Limited and the Company is continuing discussions as announced on 23 February 2015. There can be no certainty that these discussions will lead to an offer for, or the disposal of, the Professional Services Division.



Further announcements will be made, as appropriate, in due course.



-ends-



For further information:



Quindell Plc

David Currie, non-Executive Interim Chairman

Robert Fielding, Group Chief Executive

Stephen Joseph, Head of Investor Relations






Tel: 01489 864200

Cenkos Securities plc, Nominated Adviser and broker

Stephen Keys / Mark Connelly






Tel: 020 7397 8900



Tulchan Communications

Susanna Voyle / Victoria Huxster




Tel: 020 7353 4200







This information is provided by RNS
The company news service from the London Stock Exchange

END

Keep up!

i am very surprised that mentor (MRSI / menorca) has not seen fit to stick his head over the parapet

it is an old market truism that bad figures always take longer to add up than good
at the very least, the latest RNS is surely discomforting

ask and you will be get a poting

cynic - the "back stabber" has not got his memory back yet, but will talk about everything including how he copy and paste recipes after the Apron is on.

no wonder wife ( if true left ) and sons ( do not believe a word ) do not exist and his business are profitable ( how can if spending all day posting here ).

stop taking about your miserable life and no one will take the Pi..

The LIAR has been caught with the trousers down and there is nothing to show

Update and Issue of Equity

On 27 February 2015, Quindell Plc (AIM: QPP.L) announced that the focus of its core business activities going forward would comprise two operating divisions: the Professional Services Division and the Technology Division, and that the Board would take appropriate action to deliver shareholder value from certain non-core assets. Further to this, the Company announces the following corporate actions:

1. The disposal of Quindell's minority investment in Nationwide Accident Repair Services plc ("NARS"). The Company's entire holding of 10,930,423 ordinary shares in NARS was sold on 4 March 2015 at a price of 65 pence per NARS share realising net proceeds of approximately £7.1m. The proceeds of the sale will be applied towards general working capital purposes.

2. Subject to the approval of the Court of Chancery of the State of Delaware USA ("Court"), the settlement of litigation in respect of Navseeker Inc., a subsidiary of Himex Limited (a wholly owned subsidiary of Quindell) ("Navseeker") whose Evogi business remains a core part of the Company's Connected Car business:

· The agreement of terms with the Plaintiffs for the settlement of litigation (Laurence Baker, et al. v. Hassan Sadiq, et al. and NavSeeker, Inc. C.A. No. 9464-VCL, Court of Chancery of the State of Delaware USA)("Litigation") and the associated acquisition of 11.67 per cent. of Navseeker not already held by the Company ("Settlement"). The Settlement, which remains subject to final approval by the Court has been made without admission of liability. The Company has been advised that the Plaintiffs' claims had no merit and the Litigation was being strenuously defended. However, given the alternative of an expensive and protracted continuation of US based litigation, the Board has determined that settlement is the best course of action in the circumstances. Notwithstanding the Board's belief in the strength of its defence to the Litigation, its outcome would still have been subject to the usual uncertainty that is an inherent part of any civil litigation.

· Following Court approval of the Settlement, the Company will acquire the shares in Navseeker held by the Plaintiffs for a consideration of 684,770 new ordinary shares in Quindell of 15p each ("Settlement Shares"). In addition, the Company will make a cash payment US$1 million to the Plaintiffs in the Litigation.

· Application for the Settlement Shares to be admitted to trading on AIM ("Admission") will be made following Court approval of the Settlement an announcement will be made in due course.

3. As part of its wider strategy in respect of non-core assets, the Company is taking steps to consolidate some of its property services interests in order to facilitate future options for disposal. Therefore, application will be made for 3,666,667 new ordinary shares of 15p each in Quindell ("BEI Consideration Shares") to be admitted to trading on AIM ("Admission"). The BEI Consideration Shares will be issued in respect of the acquisition by Brand Extension (UK) Limited, a wholly owned subsidiary of Quindell ("BEL") of:

(1) the 50 per cent. of the entire issued share capital of BE Insulated (UK) Limited ("BEI") not already owned by BEL; and
(2) the entire issued share capital of Carbon Reduction Company (UK) Limited, the installation arm of BEI.

The Company's initial interest in BEI was acquired as part of the acquisition of Quindell Property Services which was first announced on 3 May 2013. The BEI Consideration Shares will be issued to Ben Williams, a director of BEI.

As part of this arrangement and subject to certain conditions being met following an audit of BEI's results for the year ended 31 December 2014, up to a further 200,000 new ordinary shares of 15p each in Quindell will be issued to Mr. Williams.

Admission of the BEI Consideration Shares is expected to occur on 10 March 2015 after which Quindell will have 440,113,677 ordinary shares of 15p each ("Ordinary Shares") in issue. The Company has no Ordinary Shares held in treasury. The total of 440,113,677 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

...............................Brilliant news...............



Ingenie Canada goes live with Aviva on the 9th of March.







hxxp://www.thestar.com/autos/2015/03/05/auto-insurance-technology-beckons-young-drivers-with-lower-premiums.html

Rumours of a deal being done has got the share price moving earlier but this afternoon has spike

Hmmm!

Telegraph comment yesterday

looking strong with good volume but 100p is very difucult to break at the moment, there is a big amount of trades at that price

order book
the amount is 90K ' 100p
for 18K now at bid 99.50p

the depth is strong with 60 trades at bid side for 40 at offer

Issue of Equity

..............WELL WORTH A READ........





There is no way they would be doing this buyout of navseeker if they did not have sight of big contracts and potential for USA ingenie launch. Sell your life savings and buy at this price IMO. Jim sitcliffe does not join losing companies. Personally I think legal services will be merged with s and g and listed on main index and Quindell will be telematics and insurance software company with current shareholders holding shares in quindell and in s and g. This is the deal that is getting out together and big Himex contracts can then be revealed (remember they had sight of 80% of those policyholder growth numbers through current negotiations)

Ingenie USA announcements due soon Https://twitter.com/ingenie_richard/status/502870698743046144
USA telematics about to become seriously large opportunity. Quindell supplies 3 of the top 20 personal lines insurers in the US including Liberty Mutual and American Family (pilots with 4 more) and current negotiations for global telematics 3-5 year exclusive contracts represent over 60% of the projected subscriber base already) American Family UBI leader joined Himex following roll-out! = Https://www.linkedin.com/pub/pete-frey/7/4ba/a94 Liberty = http://prezi.com/xffv6tmx44ez/supporting-libertys-road-to-implementation/?utm_source=twitter&utm_medium=landing_share
If sprint/other partner took a stake in Quindell in exchange for jointly developing the USA telematics business towards a Nasdaq listing this share would rocket and the conspiracy theories would be over. I suspect such a deal will be announced very soon. Sprint has been advertising together with HImex in the USA insurance trade press: http://www.insurancejournal.com/services/newswire/2014/10/06/342697.htm
Quartix has 67k boxes and valued at £54m, quindell has 675k and is adding at 15k per month increasing to 20k a month at the end of q4 which implies £550m valuation for quindells telematics business alone.
"A number of core business relationships are expected to expand in Q4 and our number of North American telematics prospects are increasing (subject to regulator approval) which would increase connection targets
Strategic priorities remain: focus on integration, delivery and cash generation
Reaffirmed commitment to strengthening management and further enhancing corporate governance with additional appointments expected in Q4"

.........................Exciting news............................




Sunday Times today:

http://www.thesundaytimes.co.uk/sto/bus ... 531148.ece

Aussies close in on Quindell deal

Ben Harrington Published: 15 March 2015

AUSTRALIA’S largest law firm is on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.

City sources said Quindell’s board is on the verge of recommending a £640m cash offer from Slater & Gordon, which is listed on the Australian stock market.

Quindell’s legal services division provides solicitors and barristers to insurance companies when they receive claims from motor accidents.

In addition to the £640m up-front price, Slater & Gordon is expected to pay Quindell 50% of receipts from noise-induced hearing loss cases.

The receipts are expected to pay Quindell between £100m and £300m over the next three years, said one source. Slater & Gordon is understood to have completed due diligence on Quindell and both companies could announce a deal by March 23, when the Australian group’s “exclusivity” agreement runs out. Quindell and Slater & Gordon declined to comment.

If Slater & Gordon completes the takeover bid, it would mark a remarkable turnaround in fortunes for AIM-listed Quindell, whose travails have gripped the City over the past 18 months.

Its shares soared — at one stage it was on course to join the FTSE 250 — then slumped after an attack by a short-seller. A series of gaffes then led to the departure of chief executive Rob Terry in November. On Friday, Quindell’s shares closed at 98½p, giving the company a market value of £433m.

25p higher as the Sunday Times report sank in

over 5.8 m share traded on 25 times gone since opening

Lets hope Gotham are a thing of the past. Nice to see the sp recovering.

..............WELL WORTH A READ........

There is no way they would be doing this buyout of navseeker if they did not have sight of big contracts and potential for USA ingenie launch. Sell your life savings and buy at this price IMO. Jim sutcliffe does not join losing companies. Personally I think legal services will be merged with s and g and listed on main index and Quindell will be telematics and insurance software company with current shareholders holding shares in quindell and in s and g. This is the deal that is getting out together and big Himex contracts can then be revealed (remember they had sight of 80% of those policyholder growth numbers through current negotiations)

Ingenie USA announcements due soon Https://twitter.com/ingenie_richard/status/502870698743046144

USA telematics about to become seriously large opportunity. Quindell supplies 3 of the top 20 personal lines insurers in the US including Liberty Mutual and American Family (pilots with 4 more) and current negotiations for global telematics 3-5 year exclusive contracts represent over 60% of the projected subscriber base already) American Family UBI leader joined Himex following roll-out! = Https://www.linkedin.com/pub/pete-frey/7/4ba/a94 Liberty = hxxp://prezi.com/xffv6tmx44ez/supporting-libertys-road-to-implementation/?utm_source=twitter&utm_medium=landing_share

If sprint/other partner took a stake in Quindell in exchange for jointly developing the USA telematics business towards a Nasdaq listing this share would rocket and the conspiracy theories would be over. I suspect such a deal will be announced very soon. Sprint has been advertising together with HImex in the USA insurance trade press: hxxp://www.insurancejournal.com/services/newswire/2014/10/06/342697.htm

Quartix has 67k boxes and valued at £54m, quindell has 675k and is adding at 15k per month increasing to 20k a month at the end of q4 which implies £550m valuation for quindells telematics business alone.
"A number of core business relationships are expected to expand in Q4 and our number of North American telematics prospects are increasing (subject to regulator approval) which would increase connection targets

Strategic priorities remain: focus on integration, delivery and cash generation
Reaffirmed commitment to strengthening management and further enhancing corporate governance with additional appointments expected in Q4"