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

i have cancelled my 128p stop loss for tomorrows opening , then will decide which one to replace it with, after trading gets underway.

490p limit it is then , lol

200p here we come

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PROPOSED SALE OF PROFESSIONAL SERVICES DIVISION

Initial cash consideration and further contingent cash consideration
Substantial return of capital to Shareholders to follow
Following Disposal, the Group will focus on insurance related technology businesses

Quindell plc (AIM: QPP.L) announces that it has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division ("PSD") to Slater and Gordon Limited ("SGH") for an initial cash consideration of £637 million and further contingent cash consideration payable in respect of the future settlement of its clients' noise induced hearing loss ("NIHL") cases ("Disposal"). In addition, the Company will, as soon as practicable, post a Circular relating to the Disposal and a notice convening a General Meeting of the Company to be held on 17 April 2015 to approve the Disposal.

In view of the size of the PSD relative to the Group, the Disposal will result in a fundamental change in the business of the Company for the purpose of Rule 15 of the AIM Rules and it is therefore conditional upon the approval of Shareholders, amongst other matters.

The Board also announces a clear strategy for the Group should the Disposal complete. Quindell will be focused on its range of technology businesses with strong growth potential, disposing of non-core businesses and returning proceeds to Shareholders.

Highlights

· £637 million to be paid in cash at completion;
· Deferred cash consideration of 50 per cent share of net fees from the settlement of NIHL cases transferred on completion (as at 29 March 2015, the Company was acting for clients in respect of approximately 53,000 NIHL cases);
· Majority of cash proceeds from the Disposal to fund substantial return of capital to Shareholders, expected in the second half of 2015 - precise amount of any distribution to Shareholders has not yet been determined but the Directors expect that, in aggregate, the initial tranche will be up to £500 million (representing in excess of £1 per share); further cash distributions dependent on the deferred cash consideration, business disposals of non-core businesses and underlying performance;
· Following the Disposal (if completed), Quindell will comprise a range of insurance related technology businesses with strong growth potential; and
· The Board will take appropriate action to deliver shareholder value from non-core assets.


more..

a lot of people cashing in this morning

I don't blame them. Think I will let the dust settle a little, but if it gets anywhere near my 180p target then may sell. Time to move on, imo.

I closed the bargain @ 169.27p

a few reasons, profit was very big from 101p
running out of time soon on the T+20
and Share price well above the Top Bollinger Band

i've now cashed in at 147.75, albeit a bit late - but who cares - as there is no sign of sellers drying up
if sp falls far enough, then i'll buy back again

i made a mess up of my trailing stop , and got stopped out @154 when i got back home

what's so terrible about that?
you can already buy back cheaper

Posting of Circular and Notice of EGM


Quindell plc (AIM: QPP.L) announces that it has today posted to shareholders a Circular and Notice of General Meeting together with a form of proxy, relating to the disposal of its Professional Services Division ("Disposal"). Electronic Copies of the Circular and Notice of General Meeting are available to view on the Company's website at www.quindell.com. The General Meeting of the Company to approve the Disposal will be held at 10.00 a.m. on 17 April 2015 at Botleigh Grange Hotel, Grange Road, Hedge End, Southampton SO30 2FL.

cynic

If i could buy them back cheaper then that means the share price is going down , also you have the IG index spread . I bought them @120p , so i made a quick profit

ig cfd spread is 2p or less and as it's live, you can set your price where you wish, so the spread is indicative only

yum yum being walked down atm

It certainly is. What's the trader's re-entry point (long)?
I hold stock so not trading it, but interested to know where the bottom line is. 120p?

Not trading this one Harry, good chance if it doesn't bounce now and support goes @ 120p below 200DMA could retest 100p. You feeling lucky? :0)

NOTICE

01/04/2015 9:40am

TEMPORARY SUSPENSION OF TRADING ON AIM

QUINDELL PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 01/04/2015 9:40am, pending an announcement and publication of an document.