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Quindell Portfolio = Extending nicely for the future! (QPP)     

skyhigh - 19 Dec 2011 20:27


Chart.aspx?Provider=EODIntra&Code=QPP&SiChart.aspx?Provider=EODIntra&Code=QPP&Si



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

2517GEORGE - 09 May 2013 09:11 - 236 of 1965

There I was cursing my luck having sold out @ recent low of 10.78p only to see them go to around 14p, doesn't look so bad now, maybe time to buy in again.
2517

halifax - 09 May 2013 09:16 - 237 of 1965

company expanding very fast, too many shares issued (over 3 billion) consolidation possibly coming?

2517GEORGE - 09 May 2013 10:54 - 238 of 1965

Back in @ 7.9p, halifax I think you'll find there are over 4 billion shares in issue. Reminds me albeit on a much smaller scale, of Vodafone years ago where they kept issueing shares to acquire companies. Mind you the sp back then was around the 350-375p mark.

skinny - 09 May 2013 11:11 - 239 of 1965

I bought another half a crowns worth @7.199 - makes my holding worth @4/-

2517GEORGE - 09 May 2013 11:29 - 240 of 1965

I imagine recent acquisitions for paper @ 17.5p have not gone down too well for the acquired.
skinny stop flaunting your wealth, not all of us have that sort of money to throw at co's. ha! ha!

skinny - 09 May 2013 11:36 - 241 of 1965

I wish :-)

HARRYCAT - 09 May 2013 12:13 - 242 of 1965

.

HARRYCAT - 09 May 2013 12:23 - 243 of 1965

FT comment today:
"Aim-traded Quindell, which provides IT platforms for insurers including RAC, recorded a £13.3m derivative contract in its full-year results on Tuesday, linked to a deal to purchase Accident Advice Helpline (AAH) – one of Britain’s biggest no-win no-fee accident compensation specialists – in December.
The equity swap contract allowed the company to finance the acquisition by placing £17m worth of new shares with an unnamed institution, while offering the investor protection against a fall in the share price.
Since the contract was entered into, Quindell’s shares have tumbled more than 40 per cent, leaving the company with potential losses of several million pounds. Rob Terry, Quindell’s chief executive, said that the instrument enables the company to compete the deal without depleting its cash, and insisted that the company had been right to bet on a gain in its share price.
Simon Cawkwell, the London-based shortseller nicknamed Evil Knievel, said that he started shorting Quindell six months ago, after a friend said that he did not understand its operations. “If you can’t understand a business, then there’s something wrong with it,” Mr Cawkwell said.

skinny - 09 May 2013 16:02 - 244 of 1965

Back in auction again!

kimoldfield - 09 May 2013 16:46 - 245 of 1965

This may help!

The Company is aware of recent press speculation regarding the equity swap and an active short position in relation to the Company's ordinary shares. In light of this, the Board wishes to clarify that further to its recently reported record results, the Company has a strong balance sheet and continues to trade profitably with significant traction in the insurance sector.

The Company knows of no valid reason for the recent share price decline. Furthermore, the equity swap asset, which has also been subject to speculation, accounts for a small part of the Group receivables and is not a material contract in relation to the size of the Group. This was issued as part of the funding for the acquisition of Accident Advice Helpline, announced on 3 December 2012 and was deemed to be the least dilutive funding mechanism at this time. It is not currently being exercised, and the Company believes that the counterparty will continue to not make any material transactions in respect of the Company's ordinary shares unless the share price is at substantially higher levels.

skinny - 09 May 2013 16:47 - 246 of 1965

Could be timed to catch EK in the morning! Or maybe not.

kimoldfield - 09 May 2013 16:49 - 247 of 1965

Nerves of steel required! :o)

Balerboy - 09 May 2013 17:10 - 248 of 1965

rightly or wrongly bought a few at 7.25p hope for quick recovery.,.

halifax - 09 May 2013 17:24 - 249 of 1965

all this smells of share manipulation....... beware.

Princess_Zubi - 09 May 2013 18:20 - 250 of 1965

Yes, its very odd...with BUYS far higher than Sells, price is down so heavily !!

skinny - 10 May 2013 08:05 - 251 of 1965

Extended auction - hardly a surprise.

skinny - 10 May 2013 15:07 - 252 of 1965

Auction again!

images?q=tbn:ANd9GcT4xceiMScapfzbbeq3xSG

kimoldfield - 10 May 2013 16:08 - 253 of 1965

I guess that the Board of QPP must be feeling a bit flushed by now! ;o)

mitzy - 10 May 2013 16:15 - 254 of 1965

Stay clear.

HARRYCAT - 12 May 2013 15:30 - 255 of 1965

From IC this week:
"We advised taking profits as the rapid expansion brought too much risk for our liking and we feel expansion overseas brings unwelcome distractions. The shares, at 12.5p, may be on a bargain forward PE ratio of x5, but that is not without good reason."
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