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

ZakMir speaks - 20p target for QPP
ZAK mir say buy

i have a follower on Twitter – salt of the earth – who has been questioning my position on Quindell Portfolio. Hopefully, the following article will clarify the situation.

The big surprise as far as Quindell Portfolio’s price action has been concerned in recent weeks was not the dive below 6p, but really why it took so long for the shares to recover – if the famed equity swap deal is no biggie.

From a charting perspective I identified that salvation here could come from a 2 year uptrend line running at 8p last month, with the only difficulty being the way that we had to believe that there had been an overshoot to the downside of this line before the rebound set in. However, from a technical perspective Quindell Portfolio still had to be classed as a sell into strength while there was no break back above 10p former March support. If the 10p was recovered then the shares would finally be classed as a buy.

Unfortunately, although I am no Shakespeare in the English department this use of the conditional tense means that now Quindell has broken back above 10p and it is a technical buy. Sorry to flip around views, but that is what price action does.

Indeed, it would appear that the break back above former 10p support has been so comprehensive that any fears regarding equity swaps / derivatives have simply been blown away, not only in terms of any amount of potential loss, but also on the basis that Quindell Portfolio is so awash with cash the issue if it arises would be small beer. Now for more conditional tense talk.

If Quindell Portfolio remains above 10p then it could head towards the top of a 2 year price channel drawn on the daily chart as high as 20p on a 3 month timeframe. But IF it falls back below 10p (and only if) then the shares are back in bear mode.

Acquisition Strategy Update

Quindell Portfolio Plc (AIM: QPP.L), a leading provider of software, consultancy and technology enabled outsourcing services to the insurance, telecommunications and other related markets is pleased to provide an update on its acquisition strategy and to announce the acquisition of React and Recover Medical Group Limited ("React and Recover").

Highlights

· Past acquisitions beating performance targets enabling early acceptance of performance warranties
· Acquisition of tactical business to support growth in Quindell Health Services
· Organic growth primary driver in 2013 and 2014

On 18 June 2013, the Group provided its first investor teach-in which covered its Acquisition, Integration and Overall Strategy. At this teach-in, the Group confirmed that acquisitions would represent a smaller part of its growth strategy in 2013 than was the case for 2012, and guided that acquisitions during the current financial year would typically be small relative to the size of the Group and likely to be of a tactical or in-fill nature.

As previously outlined in the Group's annual report and as guided in the recent teach-in, the Company's criteria for acquisitions can be summarised as:

- Only pursuing earnings enhancing opportunities that have already been de-risked by working closely with the business prior to acquisition, and where significant synergistic growth is available
- Typically paying five to seven times profit after tax with a 12 month future warranted profit and cash generation targets, with claw backs if these warranted targets are not met
- Only issuing stock in respect of acquisitions at the greater of a 20% premium to current trading price or 17.5 pence, with the consideration stock locked-in for between 12 and 36 months and subject to orderly market restrictions

As a result of strong trading performance by historic acquisitions, the Board anticipates reviewing and reaching agreement with vendors on the acceptance of post acquisition warranty obligations for certain businesses within Quindell Health Services (part of its Services Division) as it is clear that these businesses have been operating at a run rate that demonstrates that those obligations will be met ahead of expectations. This early agreement will enable further integration and efficiencies to be obtained for the benefit of the Group in the current financial year.

As one of its identified tactical acquisitions, the Group is pleased to announce the acquisition of accident rehabilitation and medical reporting specialists React and Recover on 28 June 2013. The terms of the acquisition were satisfied by the issue of 70,714,286 Quindell shares at an assumed price of 17.5 pence per share and the payment of £625,000 in cash. The shares, representing approximately 1.7% of the Group's issued share capital, will be subject to share lock in of between 12 and 36 months from the date of issue and orderly market restrictions. The companies acquired will warrant profit after tax of £2 million and generated cash flow of £1.5 million over an assessment period of 1 January 2013 to 31 December 2013. The acquisition is immediately earnings enhancing for the Group and will enable the Group to deliver further on the scale of business and opportunities within Quindell Health Services.

Looking ahead to 2014, the Group anticipates that whilst acquisitions would still be considered, management believe that between 10-20% of the Group's growth relative to 2013 would be by acquisition and approximately 80-90% of the year-on-year growth would be generated organically.

Copies of the Group's presentation from the first investor teach-in are available from the investors section of the Company's website www.quindell.com.

Rob Terry, Founder and Executive Chairman of Quindell said: "The Group has already delivered a significant amount of organic growth, and we expect this to continue throughout 2013 and beyond. The acquisition of React and Recover further enhances our ability to service this growth and our ability to deliver our outsource proposition to the UK insurance sector. The fact that our previous acquisitions are delivering on their warranted performance to the extent that we can now agree to accept their warranted performance as completed is very positive news and enables the Group to complete the full integration of these businesses ahead of schedule."

Application has been made for the 70,714,286 new shares to be admitted to trading on AIM. Admission of the shares is expected to occur on 5 July 2013. Following Admission Quindell will have 4,137,568,768 ordinary shares in issue. The Company has no ordinary shares held in treasury. The total of 4,137,568,768 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Appointment of Joint Broker and Financial Advisor

Quindell Portfolio plc (AIM: QPP.L), a leading provider of software, consulting and technology enabled outsourcing services to the insurance, telecommunications and other related markets, is pleased to announce that as part of the Group's process of moving from AIM to the Main Market, the Board has appointed Canaccord Genuity Limited ("Canaccord") as joint broker and financial advisor with immediate effect. Canaccord will work alongside Cenkos Securities plc.

Quindell's Technology Goes Live at Ageas

Quindell signs new agreement with Renault UK

Quindell signs new agreement with Renault UK

Quindell Portfolio plc (AIM: QPP.L), a leading provider of software, consulting and technology enabled outsourcing services to the insurance, telecommunications and other related markets, is pleased to announce the signing of a new contract with Renault UK to provide accident management services across the whole of Great Britain.

The new multi-year contract will see Quindell working with Renault UK across all their brands, for drivers of both new and used Renault UK vehicles. This new contract will expand the existing relationship the Group has with Renault UK and provide significant uplift from current revenue levels.

Quindell will provide first notification of loss, credit hire, repair and personal injury elements of the claims process as well as process all the management information that will deliver significant value to Renault UK, enabling the manufacturer to better meet customer needs. Quindell will also provide a more comprehensive approach to 'fault' Renault UK customers, to ensure a seamless and fully branded Renault UK experience following an accident.

Trading Statement

Highlights
Ø Gross sales for the six months ended 30 June 2013 are expected to be approximately £166 million
Ø Adjusted EPS1 of circa 1.1 pence (H2:2012: 0.94 pence, FY:2012 1.40 pence).
Ø Basic EPS of circa 0.9 pence (H2:2012: 0.78 pence, FY:2012 1.17 pence).

EBITDA
Ø EBITDA of circa £48m (H2:2012: £13.7m, FY:2012: £47.0m)
Ø Adjusted EBITDA2 of circa £54m (H2:2012: £37.2m, FY:2012: £52.2m)
Ø Margin performance has continued to be maintained at or above historic run-rate levels

Profit Before Tax
Ø Profit Before Tax of circa £43.5m (H2:2012: £29.1m, FY:2012: £41.2m)
Ø Adjusted Profit Before Tax of circa £52.5m (H2:2012: £35.1m, FY:2012: £49.2m)

Cash flow
Ø Adjusted operating cash flow3 for the half year significantly ahead of expectations and guidance with £2.3 million inflow compared to guidance of £15-20 million outflow during significant growth in H1
Ø Operating cash outflow (post exceptional costs) of £2.6 million
Ø Cash at 30 June 2013 also significantly ahead at circa £35 million
Ø In anticipated scenarios for H2, the Board guides delivery of significant adjusted operating cash inflow
Ø Most optimistic cash flow scenarios include opportunity to significantly exceed full year expectations

The Services Division
Ø Strong first half achieved with multiple new significant contract wins driven by regulatory changes
Ø Over 50 independent outsourcing and referral partners providing significant volume to the Group
Ø Successful conversion of 100% of pilot programs

The Solutions Division
Ø Signed multiple new technology contracts and extensions across key markets and geographies
Ø Rapid expansion in North America with acquisition and establishment of Quindell Solutions Inc.
Ø Completed H1 with record level licence and subscription pipelines and growing traction in telematics

Strategic Investment
Ø Himex game changing Usage Based Insurance (UBI) technology - 19% strategic investment
Ø Exclusive distribution agreement in the UK, Canada and South America for key Himex technology

Exit of Equity Swap
Ø Quindell exits equity swap by using equity swap shares as part of investment consideration

Notes
1. Adjusted EPS is Profit after tax, excluding exceptional costs and amortisation, divided by the weighted average number of shares in issue
2. Adjusted EBITDA is Profit before interest, tax, depreciation, amortisation and exceptional costs
3. Adjusted operating cash flow is cash generated by the operation before exceptional costs, tax and interest

topped up after yesterday's good trading update.. onwards and upwards (soon imho)

.

In bear mode as Zakmir said in RNS 296.

The thing is that it could suddenly turn into bull mode very quickly and I wouldn't want to be out of this when it does.. can't see it going much lower than this (imho) but will buy more if it does or around these levels.

Is Quindell planning a listing in the US? This notice issued yesterday appears to clear the way for them to do so:

http://www.dtcc.com/downloads/legal/imp_notices/2013/nscc/otc/OTC-143.pdf

Clearance is effective from yesterday, and a ticker - QUPPF - has been allocated. (That 'F' I think stands for foreign - I'm not sure it forms part of the actual ticker when trading). Perhaps a US listing will coincide with the intended move from AIM to a full London listing which is expected soon.

Canaccord this week published its own note on Quindell, with a target price of 41p (30p higher than now). Other brokers had already reiterated their 34p and 40p targets.

Exits from lock-ins are doubtless accounting for some of the daily sell, but I still expect the share price to climb.

If enough investors email the company about this DTCC notice, asking if it means they have plans to list on the US stockmarket, maybe they'll feel obliged to issue some sort of clarification statement. The email address is info@quindell.com

This is consolidating nicely ... won't be long before it starts going up again (imho)

Investor Teach-In and Trading Update

".. but in short, average trade debtor days have been slashed, easing one of the major concerns of sceptical market watchers.."

Shares Magazine today

"... Quindell has become a growth story that investors ignore at their peril. In less than two years it has emerged from the ashes of an Aim-listed cash shell and grown in to a multi-million pound business. It is destined for promotion to the main market perhaps later this year, a move that will almost certainly catapult this half a billion pound business into the FTSE 250..."

A close above the 200ma would be positive.

classic example of bullshit baffles brains!

Looking good though isn't it? :-)

They say don't invest in anything you do not understand, this co. may be the exception, it's certainly going great guns atm, I've traded these a few times and made money each time albeit I got out too early.
BB are you still in?
Skinny your half crown is approaching 10 bob now, hang on for the quid.
2517

Still in 2571 and in profit (for first time) am considering a few more might be nice at this sp. It took a big knock from the market a while back but it only dropped a few pence and is now telling them they were wrong. 33% rise in profits....another asos....I hope so.,.