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

from the Mootley Fool- Hargraves -

Shares of embattled insurance outsourcer Quindell (LSE: QPP) are surging this morning on takeover rumours.

These rumours stem from a report published yesterday in The Sunday Times. The report claimed that Australia’s largest law firm, Slater & Gordon, is on the verge of making an offer for Quindell’s legal services division.

According to reports, Slater & Gordon — an Australian law firm with interests around the world — is contemplating a £640m cash offer for Quindell’s legal services division, which is equivalent to around 145p per share.

What’s more, as part of the deal, Slater & Gordon is expected to pay Quindell 50% of receipts from noise-induced hearing loss cases being investigated by the division.

These terms value Quindell’s legal services division at around £900m. With the £640m upfront cash payment complemented by receipts from hearing loss cases of between £100m and £300m over the next three years.

According to sources, Slater & Gordon has already completed its due diligence on Quindell. It is expected that the deal will be officially announced before 23 March, when the Australian group’s “exclusivity” agreement runs out.

Could it be different this time?
Quindell is no stranger to takeover speculation. Ever since the group embarked on a turnaround plan, after the departure of former chief executive Rob Terry in November of last year, there has been an almost continual stream of rumours surrounding the company.

And it remains to be seen if this latest rumour has any truth behind it. At present, there is little to suggest that Slater & Gordon will make an offer for any part of Quindell. The two groups have been in discussions for some time and so far, Slater & Gordon has not expressed any concrete interest in all, or part of Quindell. Quindell’s management had to reassure the market at the end of February that negotiations between the two groups were still in progress, amid speculation that the talks were starting to unravel.

Nevertheless, as the saying goes “there’s no smoke without fire” and this takeover rumour could have some truth behind it. Personally, I’m always sceptical of any takeover speculation — more often than not, the speculation is just that, speculation, and nine times out of ten, no deal will be announced.

Unfortunately, any offer for all or part of Quindell is likely to be below the company’s all-time high of 626p reached at the beginning of 2014, just before the company came under the scrutiny of short sellers.

The bottom line
All in all, a bid for Quindell's legal services division could be just around the corner but there's no guarantee that any deal will emerge. So, investors shouldn't expect fireworks from Quindell any time soon.

things to look for

positive

a posible offer of £900M for part of the company (legal services division.) well above market cap at the moment )

2.25 PER for a highly profitable growing company

negative

the offer could not materialise

The Independent Review still wating for, could be still worse than the already bad talk recently
2 days chart

Must have been a few stop's triggered today with the sharp fall to 116p , was expecting it some time this morning, thats why i didn't have a stop in place.

Maybe not tomorrow then.






hxxp://betaville123.blogspot.co.uk/




Betaville


Sunday, 22 March 2015




Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 14



I hope your having a good weekend Betavillers.

I have been getting a lot of questions (and a fair amount of abuse, too) in recent days about the Slater & Gordon/Quindell story I have been covering in the last few weeks.

For readers that don't recall, the £640 million sale of Quindell's legal services division to Australian law firm Slater & Gordon had been scheduled to be announced tomorrow.

However, I understand the timetable for the announcement of the Slater & Gordon takeover of Quindell legal services unit changed last week.

Sources familiar with the situation tell me the deal is now on course to be announced at the end of this (upcoming) week instead of tomorrow - although one person cautioned there could be further delays to the timetable.

Zak Mir's trading strategy for QPP:

https://www.ig.com/uk/market-insight-videos?bctid=4123792713001&bclid=3671160850001

Looks like the short holders are closing before the news breaks

Is spiking with volume
but unable to break through 200MA

curiously, volume is far from exceptional for it seems the average is close on 13m and just under 8m traded today

128p. I'm in profit.....just. Lets hope it ends above the 200 DMA.

Tomorrow or Monday news due

just about staggered through 200 dma, but as this is a special sit, i'm not sure it's entirely relevant

News?......concerning Slater & Gordon? If so, good news might already be mostly in the price. Bad news would not be good.
"March 23, when the Australian group’s “exclusivity” agreement runs out." This has passed, so presumably they have applied for an extension?

Well at that closing price, I'm up 44% - sadly no where near as big a holding these days - but I do sleep easier!

harry - i was under the impression that the S&G deal was worth quite a lot more than the current price, always assuming it reaches conclusion ..... but then i'm wrong much of the time :-)

Let's hope you are right Mr C. Would like to take profit and exit if possible. It's been a bumpy ride investing in this company, though Gotham City were the main culprits for the decline. I still haven't quite understood if they were partially correct or just on a mission to short it until the pips squeaked!

deal should be worth min 200p according to some city wags..................................... some deferred to later..............................

cynic

Your right , Harry hasn't kept up with the news. The Scott&Gordon deal alone could be worth 146p, but i heard it could be a share swap, also QPP said there are a number of small deals in the pipeline as well with other interesting partys

i faint!
aldo actually telling me i have something right :-)

RE - VOLUME

the LIAR has spoken again with rubbish again

even MAM has told him, stop talking from your backside ............... filtered a few minutes later unfiltered

----------
Nothing to be gained from challenging the trolls, some call them derampers, but I think more likely just wind up merchants..

There are the odd exceptions of course, who take more than pleasure alone in misinforming and causing conflict..oddly enough the often have alliterative names...C

Why challenge, its like arguing with a toddler.

??????
have you been hitting the bottle again, because you are certainly just rambling with no sense at all

as i have said before, and even before you were previously barred, when you stick to your charts and stock observations, you're actually interesting to read, even if one does not agree ..... and of course it's such a shame that you are incapable of accepting any criticism whatsoever, but immediately revert to abusing the writer