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

So in a nut shell is this good for QPP or is this a buy for Daniel Stewart or both

Quindell and the shadow of Rob Terry
April 17, 2015
Greets Uncategorized Quindell Echo, Quindell Information, Quob, Rob Terry

Today we have the EGM vote at 10.00am and expect an RNS later in the morning with an announcement that the sale has been agreed.

Rob Terry, who has nothing to do with Quindell, other than owning a few shares, has announced that post the EGM he will state why he believes the Quindell share price should be £2+.

So what’s happening with regard to Rob Terry’s interest in Quindell?

1. RT has stated that he will be voting yes at the EGM. Why would he vote yes when he has also stated that Slater and Gordon are getting a bargain?

It would make sense to vote no if you thought the asset had a greater value. Could it be because RT wants the returned capital to use as part of his ‘overall’ investment strategy?

2. Rob Terry recently rebranded / re-launched his investment vehicle Quob Park Estate. The focus of Quob Park Estate is to invest and work with businesses that benefit from digital disruption.

The Quindell business model is based on digital disruption.

3. Rob Terry according to the shares register only has c1m shares in Quindell. Would he waste his time making a statement after the EGM about Quindell if he only has c1m shares?

How many shares does he actually have control over when you add family, friends, past Directors and Quob holdings?

4. Why is Quob using a variant of the Quindell logo as its logo? Quindell have registered the leaf logo.

5. Rob Terry via Quob Park Estate has acquired 8.994% of Daniel Stewart Securities. Daniel Stewart having previously been the Quindell NOMAD. Is the intention to reverse Quob into Dan to gain an AIM listing?

Why would RT mention that his target is to secure more stock in Daniel Stewart before the sp rises above 4.5p? This is very strange when the sp is currently 1.3p.

Something is going on and those that invested in Daniel Stewart over the last few weeks have made significant returns.

6. Why is Rob Terry tweeting about Quindell?

I’m not the sharpest knife in the box but even I can see Rob Terry has more cards to play with regard to his interest in Quindell.

As the telematics develops I’m sure all will become clear.

Will Quindell with their RNS about the Slater and Gordon vote, pre-empt the post EGM Rob Terry announcement by providing at the same time more information about the remaining businesses potential?

RESULT OF GENERAL MEETING AND DISPOSAL UPDATE

On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions including, inter alia, the approval of the Company's Shareholders of the Disposal at the General Meeting. Words and expressions defined in the Circular to Shareholders dated 30 March 2015 shall, unless the context provides otherwise, have the same meaning in this announcement.

The Board is pleased to announce that at the General Meeting held earlier today, the Resolution to approve the Disposal was duly passed.

Following the passing of the Resolution, the Disposal remains conditional, inter alia, upon:

(a) the approval of the Solicitors Regulation Authority; and

(b) the approval of the Financial Conduct Authority.

Further announcements will be made by the Company in due course.

from the Telegraph >>>>>>>>>

Quindell founder: Share-dealing allegations a 'heap of rubbish'

Rob Terry says he has amassed £50m in funding for new ventures and is confident of FCA approval

The founder of Quindell has claimed he will not face sanctions from regulators over his share-dealings at the firm and called accusations of insider dealing “a heap of rubbish”.

The revelations from Rob Terry, the controversial former chairman at the insurance outsourcer, are likely to spark anger among shareholders who lost money by investing in the company he once led.
Mr Terry, in his first public comments since he left Quindell, told The Telegraph that he had amassed about £50m of funding for new ventures, some of which he has provided himself.

He also said he was confident that he would receive approval from the regulator, the Financial Conduct Authority, for his planned stake-building in stockbroker Daniel Stewart, despite the storm that led to his departure from Quindell last November.

Mr Terry, along with two other directors, were the focus of investor anger when it emerged that they had reduced their shareholdings in Quindell in stock market dealings that were initially portrayed by the company as share purchases.

Quindell gets takeover approach for its telematics arm 17 Apr 2015
What’s the best way to buy a new car? Brought to you by Carwow
He was eventually ousted from the board when Quindell revealed that the trio had carried out the dealings after one of the company’s house brokers had resigned. The wider stock market was only informed of the resignation after the directors had reduced their stakes, prompting heavy falls in Quindell’s share price.

“The transactions that were done at the time were looked at, there was never any question of insider dealing, so it’s just a heap of rubbish,” Mr Terry said on Friday.
He said that there was “no issue” with the Aim team at the London Stock Exchange, which examined the controversial share dealings, and that it was “closed out long long ago, all in a positive manner.”
He added: “There’s never been an issue with the FCA.”

In a move that has raised eyebrows across the City, it emerged on Thursday that Mr Terry was seeking to increase his recently acquired stake in Daniel Stewart to above 10pc, which will require FCA clearance.

“I’m absolutely positive that FCA approval will come through in the normal timescales,” he said.
Daniel Stewart was left with an uncertain future on Friday after it revealed that its nominated adviser, Westhouse Securities, had resigned. If it does not find a replacement by the start of May, its shares will be suspended.
Mr Terry has already amassed a 9.994pc stake in the broker through investment vehicle Quob Park Estate.

The controversial figure said he thought that Daniel Stewart was “undervalued”, adding “there’s also some things I’d like to do in partnership with them to do with the other things I’m doing with Quob Park.
“Ultimately I will be interested in holding anything up to 29pc of [Daniel Stewart]. I won’t make a bid for it, that’s not my intent, but I could see myself building a holding of that type of size.

“We will open up [Quob Park] to retail investors to invest alongside us and for that we will need to work with an FCA regulated firm, and I hope that that firm will be Daniel Stewart.”

He claimed that Quob Park had as much as £50m in firepower behind it.
“Quob is re-name of a company that I’ve had for a whole number of years but it’s been restructured, new investment’s come in, myself and a number of other individuals have put in over five million and we’ve already raised money with a valuation of twenty-five million.

“It in itself is a fund of a value of about twenty-five million, and then it’s sitting alongside about another twenty-five million of investment capital from me. So it has available to it about fifty million of funding.”

On Friday, Quindell shareholders approved the £637m sale of the company’s legal business in a deal that will see £500m returned to investors. Mr Terry said that he and Quob held small stakes in Quindell.

mentor

What do you think is going on ?

Plenty is going on but ..................

see what the supper FAT one says: he is going LONG now

The Evil Diaries: “It Would Be Mad Not To Be Involved”
BY EVIL KNIEVIL April 17, 2015, 08:34 AM UTC

You have to hand it to Rob Terry. Here he is facing serious questioning from the FCA over his conduct in and around Quindell (QPP) and he asks the FCA for permission to go over 10% of Daniel Stewart (DAN). I suppose that this is roughly analogous to a condemned man asking for a glass of Wincarnis or whatever it is condemned men fancy. Anyway, the Nomad has had enough and packed it in this morning: could it now be time to call upon Ray Zimmerman?

Incidentally, it has been pointed out to me that Quindell is now worth in excess of 200p. Since I got this one so wrong I lie back, think of England and disclose that I have bought Quindell.

This is what pizzes me off about these people " I got this wrong " . So they hammer a company to death destroy some peoples savings , half destroy a company , then says he got it wrong . I hate these lowlifes , he also shorted GBO , didn't understand what they did ., but hey never mind eh.

re- lowlifes ( FAT one )

You are much better than others, who wish them all sort of good things like ......... one day explode like a volcano..... and spew out on everyone, hope not, some investors had lost more than enough from their "verbal diarrhea psychology" on some shares.

re - explode
is a matter of time maybe! if he carry on eating like there is no tomorrow.

spread 131.00 v 131.50 +3.25p

They did it with plus500. Claimed the company didn't exist or something along those lines. Scum of the earth.

From Greets

When will telematics news be released by Quindell? - April 21, 2015

Many, including myself expected news about telematics contracts to be made after the vote to proceed with the Slater and Gordon deal.

Since the EGM no news has been released and we are therefore left to speculate as to what is happening.

My sources have indicated contracts have been signed with major car manufacturers and American insurance companies.

It remains to be seen if Quindell will provide information on these contracts to their shareholders in the next few weeks or if we will have to wait for the conclusion of the Slater and Gordon deal.

In the meantime I have established the following.

American Insurance Company

United Services Automobile Association (USAA) is one of the States biggest banks with assets of over $212bn. Please refer to Page 28 of Fortune Magazine for more detail (see here)

Himex have a log in page for USAA customers ( see here). Speculating this probably means a contract exists between USAA and Himex. We wait to see the extent of this contract, but based on the size of the USAA customer base you would expect this to be a significant contract.

Car Manufacturers

Will Quindell be making announcements about the contracts they have with major car manufacturers such as BMW?

The news will come, but when is the question.

Quindell negative news and the implications. Posted on the Word on the street ,website
Posted on April 22, 2015 | Leave a comment
Anybody investing in Quindell at the current share price of 126p, is, when you take into account the returns from the sale of part of the business to Slater and Gordon, buying into a technology based business.

This business will be composed of Quintica, Ingenie, Connected Car Solutions, Himex, Inter8, Evoji, Road Angel, Fleet Daddy, Global360net etc.

All of these business any new investor is acquiring for less than 0p.

Implications for Shareholders

Share price calculation: Slater and Gordon deal (sp £1.45) – debt (sp £0.11) + NIHL upside (sp £0.34p) + PT Health, assuming not a core business (sp £0.11) = £1.79 share price. This doesn’t factor in the value of the parts of the businesses listed above.

Shares bought today for £1.26p based on what we know now will be in the future be worth £1.79 + value of the parts of the businesses listed above.

The Negatives

The only issue is if any negatives exist that shareholders don’t know about.

If negatives are known about the Quindell board are legally bound to inform the market as soon as they become aware of these. It would therefore be logical to assume they know of no negative news.

In the worse case scenario if we have negative news, the impact of this news should easily be offset by the share price being undervalued (£1.79p – £1.26p = 53p buffer) plus value of the parts of the businesses listed above.

If any negative information materializes, provided it doesn’t have more than a 29% ( 53p buffer) impact on the share price the upside for shareholders is still the value of the parts of the businesses listed above.

Conclusion

As this is Quindell, based on past events, it would be logical to expect some negative news.

The above calculations however would indicate that any negative news would have to be significant and result in a 29%+ share price fall from today’s levels for shareholders to experience a loss based on a share price of £1.26p

Quindel Short Position 24th April.
Posted on April 24, 2015 | Leave a comment
Many of those that have been shorting Quindell have closed or are closing their short positions.

Robel S.L. are the last major player to hold a Quindell short position. Their last report to the FCA indicated they have reduced their declared position by 0.20%.

Roble had a declared short of 1.94% on Thursday 23rd April, that’s 8.5m shares required to close.

This reduced to 1.89%. Declared latest short position as per FCA register on Friday 24th April.

News

Disposal Update
On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions.

The Board is pleased to announce that the approval of the Solicitors Regulation Authority was received today and the Disposal remains conditional upon the approval of the Financial Conduct Authority.

Further announcements will be made by the Company in due course.

the stock is on the bounce today as we reach the end of the month with good CANDLESTICK close yesterday.
slowly they have let the stock drift everyday for the last week

Disposal Update

On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions.

The Board is pleased to announce that the approval of the Financial Conduct Authority has been granted and the Disposal is now unconditional. Completion will take place in due course and a further announcement will be made by the Company upon Completion.

Completion of the disposal of the Professional Services Division
Board Appointments
Completion of the Independent Review and other matters
"On 8 December 2014, the Company announced that PricewaterhouseCoopers LLP ("PwC") was being engaged to carry out an independent review into, inter alia, certain Group accounting policies and expectations as to cash generation into 2015.

PwC's review is now complete and as previously detailed on 30 March 2015, it has identified that certain of the accounting policies historically adopted by the Company, in respect of recognising revenue and deferring case acquisition costs in a number of the Group's disposed of businesses, were largely acceptable but were at the aggressive end of acceptable practice. PwC also identified that some policies were not appropriate, principally the noise induced hearing loss cases revenue and related balances that became significant during 2014.

Having undertaken its own review and considered the findings of PwC, the Company has concluded that it will adopt a more conservative approach to accounting for revenue and profit in respect of the now disposed of Professional Services Division. The Company will provide a definitive view of the historical results on a more conservative approach and the changes will result in a reduction of revenue and profit. The Company is in discussions with its auditors as to the financial effect on its historical results, and the conclusions of such discussions will be included in the audited results for the year ended 31 December 2014 which are expected to be published prior to the end of June 2015."

Whole RNS here: http://www.moneyam.com/action/news/showArticle?id=5046447

Major Board changes at Quindell following disposal

still no easier to judge the company's worth ..... certainly not comfortable that they admit to o'stating profits for at least several years

surely one to AVOID FOR NOW

Yes, I dumped my stock a few days ago at a small profit and am very glad to be out!