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

that doesn't read too well

I assume the special dividend is safe and hope the "investigation" concentrates on Rob Terry - now a longer term hold!

Statement from the Financial Conduct Authority on Quindell PLC

The Financial Conduct Authority (FCA) notes the statements issued this morning by Quindell PLC. The FCA can confirm that it has commenced an investigation into Quindell PLC under the Financial Services and Markets Act 2000 in relation to public statements made regarding Quindell's financial accounts during 2013 and 2014.

The FCA will liaise with other agencies regarding these matters as appropriate.

Given the existence of an investigation, we will not be providing further comment.

STATEMENT RE. TEMPORARY SUSPENSION AND UPDATE

On 24 June 2015, Quindell Plc (AIM: QPP.L) announced that it had requested for its shares to be temporarily suspended. The Company announces today that whilst the work in preparing its audited report and accounts for the year ended 31 December 2014 ("Accounts") is in its final stages, due to the complexity of this process, they will now not be published by 30 June 2015.

The Company is working through the outstanding points and will publish the Accounts as soon as possible. The Accounts will be posted to shareholders along with details of the Annual General Meeting, the timing of which is dependent on the publication of the Accounts. Further statements will be made in due course.

The Company's shares will continue to be suspended until the publication of the Accounts.

Statement from AIM Regulation on Quindell PLC

Statement from AIM Regulation on Quindell PLC

AIM Regulation supports and welcomes today's statement from the Financial Reporting Council regarding its review of Quindell plc's (QPP.L) annual reports and accounts, and also notes the company's own restatement of certain historic audited accounts and financial statements, corrections of previous disclosures including the clarification of details about certain of its historical acquisitions. AIM Regulation has actively engaged with Quindell to ensure that the new management team address the company's recent issues. AIM Regulation has also worked closely with the Financial Conduct Authority (FCA) in respect of Quindell, and supports the FCA's ongoing investigation.

AIM REGULATION

Review Panel Finding

From the above :-

The company has today published its annual report and accounts for the year ended 31 December 2014. These contain substantial restatements of prior year revenues, profits and net assets, including corrections and adjustments in response to the issues raised by the Committee. In this respect, note 3 to the company's accounts explains that the company has:

· revised its accounting policy for claims management revenue recognition and certain related costs reducing 2013 revenue by £109 million and profit after tax by £130 million.

· corrected the accounting for the acquisition of Quindell Limited by Mission Capital to treat it as a reverse acquisition, reducing goodwill and net assets at 31 December 2012 and 2013 by £25 million.

· corrected the accounting for certain transactions entered into with TMC in 2011, which would have reduced revenue and profit for that year by £4 million. This has had the effect of reducing net assets at 31 December 2012 and 2013 by £2 million.

The FRC notes that, in the light of market concerns and certain of the Committee's questions, the company reviewed certain other aspects of its financial reporting for the periods prior to 31 December 2013 which resulted in additional adjustments that are also reflected in the annual report and accounts published today.

The effect of all the restatements has been to turn the 2013 profit after tax of £83 million to a loss of £68 million and reduce reported net assets from £668 million to £446 million at 31 December 2013.

The Committee notes that the directors and auditor have reported that it has not been possible, so far, for them to determine that all material errors and omissions arising from historic transactions have been identified. The directors have provided the Committee with an undertaking to keep it informed and make such corrections as may be necessary.

In light of the positive actions taken by the directors in correcting the identified errors, amending accounting policies and providing their undertakings, the Committee is closing its review of the 2011 and 2012 report and accounts.

Investigation under the Accountancy Scheme

We will report as appropriate in due course on the outcome of the investigation under the Accountancy Scheme referred to in the opening paragraph.

2014 Results Announcement - Part 1

2014 Results Announcement - Part 2

Suspension to be lifted tomorrow.
Good luck to all holders!

Harry - where did you see that suspension being lifted tomorrow?

not sure if that is good, bad or indifferent to the share price

Me neither - but it will definitely be one of them!

2014 Results Announcement - Part 1

5 August 2015

The Company has requested that its shares be restored to trading and expects the suspension to be lifted at 7.30am on 6 August 2015 and for trading to resume at 8.00am on that day.

Prepare for the worst. Anything else would be a pleasant surprise! 😀

Thanks Kim - I did scan all of the releases - obviously not well enough!

Specsavers skinny! ;o)

Restoration - Quindell plc

BOARD APPOINTMENT/CHANGE OF NOMINATED ADVISER

The Board of Quindell (AIM: QPP.L) is delighted to announce the appointment of its new Group Chief Executive, Indro Mukerjee, who will join the Board on 7 September 2015. Indro brings strong experience from Board level leadership positions in multinational, start-up and private equity backed technology and industrial companies.

Appointment of Nominated Adviser and Broker

Quindell is pleased to announce the appointment of Peel Hunt LLP as the Company's Nominated Adviser and Broker with immediate effect.

Regulatory update


Quindell Plc (AIM: QPP.L) announces that it has been informed by the Financial Conduct Authority ("FCA") that, in light of the investigation by the SFO into past business and accounting practices at the Company, the FCA has decided to discontinue its own investigation with immediate effect.

Uncrossed at a quid.

BOARD APPOINTMENT

Further to its announcement dated 17 August 2015, Quindell (AIM: QPP.L) confirms the appointment today of its new Group Chief Executive, Indro Mukerjee, who will join the Board with immediate effect.