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

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.,.

If you think it's too good to be true, it probably is. Not sure who first came up with that gem, but still true today! Not a holder, but wish you guys the best of luck!

BB---Take a look at LBB, small co doing the right thing, will grow bigger in time.
2517

QPP held up well today in poor market sentiment..bodes well.. I'll look at LBB - thanks 2517George

skyhigh----- at the time of my post above LBB were mid price 0.72p. I originally bought @ 0.47p and added more @ 0.58p. I believe volume is higher over recent days and steady sp rise is envisaged. Good luck. Sorry for being off thread.
2517

Interim Results

Highlights
· Gross sales increased by 33% to £167.3 million (H2:2012: £126.3m, FY:2012: £171.9m)
· Revenue increased by 78% to £163.3 million (H2:2012: £91.9m, FY:2012: £137.6m)
· Adjusted EPS1 of 1.1 pence (H2:2012: 0.94 pence, FY:2012 1.40 pence), an increase of 17%
· Basic EPS of 0.90 pence (H2:2012: 0.78 pence, FY:2012 1.17 pence), an increase of 15%

EBITDA
· EBITDA increased by 44% to £47.7m (H2:2012: £33.2m, FY:2012: £47.0m)
· Adjusted EBITDA2 increased by 45% to £54.0m (H2:2012: £37.2m, FY:2012: £52.2m)
· Adjusted EBITDA margin of 33% (FY2012: 38%) based on Revenue
· Adjusted EBITDA margin of 32% (FY2012: 30%) based on Gross Sales

Profit Before Tax
· Profit Before Tax increased by 49% to £43.4m (H2:2012: £29.1m, FY:2012: £41.2m)
· Adjusted Profit Before Tax increased by 50% to £52.5m (H2:2012: £35.1m, FY:2012: £49.2m)

Cash flow and Debtors
· 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
· Operating cash outflow (post exceptional costs) of £2.6 million
· Cash collection across the business according to or ahead of plan
· Average Group trade debtor days at June 2013 reduced to circa 4.8 months (December 2012: 6.5 months)
· Cash at 30 June 2013 also significantly ahead of expectations at £35.2 million

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

Solutions Division
· Signed multiple new technology contracts and extensions across key markets and geographies
· Now believed to be clear market leader for European claims technology by substantial margin
· Rapid expansion in North America with acquisition and establishment of Quindell Solutions Inc.

Acquisitions & Strategy
· Focus on strong organic growth underpinned by major contract wins
· Smaller scale acquisition strategy in second half of FY13 following established criteria
· Move to Main Market remains a Board objective, targeted inline with 2013 full year results

Outlook
· Completed H1 with record level licence and subscription pipelines and growing traction in telematics
· H2 trading expected to be positive, accelerating and building on the Group's organic growth potential
· Momentum in cash generation is expected to increase in H2:2013
· Collaboration Model provides opportunity for significant bulk settlements and change to future cash profile
· Board confident of meeting the upper end of market expectations

Issue of Shares for Quindell Property Services

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“One of the pages in Direct Line results was all about our technology,” he said. “If those brands are willing to be associated with us then they’ve done more substantial due diligence than any retail investor or analyst that doesn’t really cover the company.”

That was Quindell's boss Rob Terry in an interview on Aug 20th, countering some of the negative press which dented the QPP share price earlier this year.


It has given rise to speculation that Direct Line might be about to be named as a (very significant) Quindell client. But as discussed on other bulletin boards, his comments might not mean that. Anyone here able to add anything substantive?

Telematics and Outsourcing Contract Win with IBAO

· First of several major contracts for telematics expected to be announced by the end of the year

· Contract win value of over C$6m by end of 2014 based on initial target of 30,000 telematics devices

· Telematics device target implies technology revenue over minimum 5 year term of over C$20m

· Based on 10% to 30% telematics take-up in Canada over next 3 years, revenue potential C$70m to C$210m p.a.

· Minimum 5-year outsourcing contract to stamp down the cost of claims in Canada provides opportunity to export Quindell outsourcing model to more than double the above revenues via IBAO partnership

Further investment into ingenie for rapid expansion

· ingenie to extend its telematics insurance offering to over 25's in the UK

· ingenie to launch its telematics insurance in Canada

· Quindell extends its investment in ingenie from circa 19% to circa 43%, and in addition acquires direct 40% stakes in the two new ingenie businesses being launched

· Investment is accretive and share consideration gives an implied value of 17.5p per share

Time to buy ?

already on board and enjoying the ride...... .,.

Canaccord Genuity Buy 16.75 16.75 41.00 41.00 Reiterates

Investment in Nationwide Accident Repair Services

22.5% Investment in Nationwide Accident Repair Services plc

Quindell Portfolio Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to announce that the Company has acquired 22.5% of Nationwide Accident Repair Services plc (AIM:NARS.L) ("NARS"), the largest dedicated provider of accident repair services in the UK.

9,700,423 shares, representing approximately 22.5%, in aggregate, of the issued share capital of NARS were acquired on 24 September 2013 from the shareholders listed in the table below in exchange for the issue by Quindell of 50,151,187 new Ordinary Shares of 1 penny each in the Company, a ratio of 5.17 new Quindell shares for each NARS share.

Quindell Outsourcing Expansion into North America

· Extends presence in the North American insurance market

· PT Health to be centralised outsourcing platform, lowering cost of claims for insurance industry in Canada
· Opportunities to drive significant volume from existing Quindell partners through PT Health

· Investment and acquisition option highly accretive

Further Investment in NARS

Quindell Portfolio Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to announce that the Company has acquired further shares in Nationwide Accident Repair Services plc (AIM:NARS.L) ("NARS"), the largest dedicated provider of accident repair services in the UK, increasing its shareholding by 2.8% to 25.3%.

1,230,000 shares, representing approximately 2.8% of the issued share capital of NARS were acquired on 27 September 2013 from the shareholder listed in the table below in exchange for the issue by Quindell of 6,359,100 new Ordinary Shares of 1 penny each in the Company, a ratio of 5.17 new Quindell shares for each NARS share.

Change of Auditor and Full Listing Update

Quindell Portfolio Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to announce the appointment of KPMG LLP ("KPMG") as auditor of the Company as a further step in preparation for the Group's proposed full listing. Baker Tilly Audit Limited (formerly known as RSM Tenon Audit Limited) has resigned as auditor of the Company with immediate effect and has confirmed to the Company that there are no circumstances in connection with its resignation which it considers need to be brought to the attention of the Company's shareholders or creditors.


Rob Terry, Founder and Executive Chairman of Quindell said: "As previously stated at the time of announcing our interim results, it remains the Board's intention for the Group to move to the Full List at the appropriate time, which is considered to be at the point of reporting the Full Year results for 2013 in March 2014. We are pleased to be able to announce today the next important step in our company's plan to move to the Full List with the appointment of KPMG as our auditor. KPMG have spent a considerable amount of time with our audit committee and finance teams, having visited a number of key sites and met with local management, as well as attending a number of our teach in events to ensure they were up to speed with the Group, its business model, processes and policies prior to this appointment. The Audit Committee have been impressed with the quality, depth and commitment of Will's team at KPMG to work to our stated timescales and look forward to working together on the next stage of our development.

Our plan remains to not only proceed with a Full Listing early next year, but to also to fully consider alternatives including a North American dual listing, to ensure the Board achieves the optimum valuation for the Company's shareholders."

There are now more than 40 funds and institutions with a shareholding in QPP (42 names listed on another BB yesterday)