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

Trades show heavy buying at 13.75p. However, think I will wait for the sp to hit the 200 DMA before considering my options.

tks Harry, re-entry around 12p?

Certainly worth a look at 12p. Depends on whether the sp bounces or sails on down! On my watch list and as no obvious reason for the drop, am keen to get in, especially as QPP are expanding into the US, though that's no guarantee of success.

Looking oversold @13p

Direct Line Group Major Contract Win

Direct Line Group Major Contract Win Over £150 Million


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 a new 3 year contract with Direct Line Insurance Group plc ("Direct Line Group"), the largest retail general insurer in the UK.

The new 3 year contract with Direct Line Group, for Quindell's market leading technology enabled outsourcing services is significant from day one and is worth over £150 million over a 3 year period.

The areas covered in the contract,will see Direct Line Group use key elements of Quindell's end to end proposition covering technology and integrated supply chain for Motor (mobility) claims technology and outsourcing services. This agreement follows a competitive market evaluation, due diligence and selection process by Direct Line Group.

Through its number of well known brands, Direct Line Group offers a wide range of general insurance products to consumers.

Rob Terry, Founder and Executive Chairman of Quindell, said: "We are very pleased to announce this significant new contract with such a major UK insurance brand as Direct Line Group. This agreement once again validates Quindell's significant market leading model, which we believe will continue to help revolutionise the insurance industry, through a combination of innovative technology and integrated supply chain for Motor insurance, stamping down the cost of claims whilst above all improving the customer experience for the brands who choose to partner with Quindell."

Organic Growth

Organic Growth of £300m+ per annum

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 further to the Group's £50+ million per annum contract win with Direct Line Group announced today, in the last few weeks, the Group has also reached agreement with 10 key brands of varying sizes for over £150 million of revenue per annum.

Of these £200 million additional revenues, circa £150 million per annum is expected to commence in Q4 2013 and circa £50 million is expected to commence as from Q1 2014. This is in addition to the previously announced £100 million of new business that has now commenced in the second half of 2013 and underpins our ability to meet the upper end of current market expectations for 2013.

The Group is now delivering organic growth totaling in excess of £300 million per annum, the vast majority of which is commencing in the current financial year, with volumes being subject to roll out, execution and industry claims frequencies. The Group's performance to date and these announced agreements therefore provide the Board with additional confidence in the Group's ability to provide the necessary visibility to the market of its outsourcing revenues to meet market expectations for 2014 and beyond.

The Group will announce its Q3 trading statement on 21 October 2013, which will provide further detail confirming that Q3 has been a record quarter in terms of revenue, its key measures of profitability and EPS, and that the Group has continued its positive trend of operating cash flow generation during this period.

underpins our ability to meet the upper end of current market expectations for 2013.

says it all imo

Actually it doesn't say it all as it goes on to read

additional confidence in the Group's ability to provide the necessary visibility to the market of its outsourcing revenues to meet market expectations for 2014 and beyond

All shaping nicely..

Well today's news should put paid to any doubts - and should see the share price climb past the previous 17.5p closing high. There's an interview with ceo Rob Terry in tomorrow's edition of Shares magazine, which I imagine will add to the positive mood ahead of the next scheduled figures on October 21st.

I wouldn't expect a Shmag subscriber to reveal the full content of today's article on Quindell - but would anyone care to comment on the gist of it?

Q3 Trading Statement

Highlights
o Gross sales of £98.1 million (H1:2013 £167.3 million)
o Revenue of £92.1 million (H1:2013: £163.3 million)
o Adjusted EPS1 of 0.65 pence (H1:2013: 1.1 pence)
o Basic EPS of 0.58 pence (H1:2013: 0.9 pence)

EBITDA
o Adjusted EBITDA2 of £34.5m (H1:2013: £54.0 million)
o EBITDA £33.3 million (H1:2013: £47.7 million)
o Adjusted EBITDA margin of 37.5% (H1:2013: 33%) based on Revenue
o Adjusted EBITDA margin of 35.2% (H1:2013: 32%) based on Gross Sales

Cash flow and Debtors
o The Group has continued its positive trend of operating cash flow generation
o Adjusted operating cash flow3 for Q3 of £4.5 million
o Operating cash flow (post exceptional costs) of £3.6 million
o Cash collection continues to be ahead of plan without the benefit of block settlements which are anticipated in Q4
o Strong debtor management. Average trade debtor days maintained at improved June 2013 levels of c.4.8 months
o Cash at 30 September 2013 of £23.3 million

Services Division
o Recent wins mean Group is now delivering organic growth for H2 and beyond in excess of £300 million per annum
o Quindell is now active in some element of up to 1 in 4 of claims handled by insurers in the UK
o Momentum growing in Collaboration Model uptake. Expectation of 75% adoption supported by latest negotiations
o Expansion in North America with investment in PT Health, leading provider of rehabilitation services across Canada
o Strategic investment of 25.3% in NARS, the largest dedicated provider of accident repair services in the UK
o Four other significant telematics deals under final contract negotiation

Solutions Division
o Leading position in telematics based insurance technology confirmed
o Agreement reached with IBAO for first major telematics deal in Canada
o ingenie investment allows development of brand in Canada and over 25's in UK

Move to Full List
o Appointment of KPMG as Group Auditors in preparation for full Listing
o Board strengthened with appointments of new independent non-executive directors
o Full Listing and potential Canadian dual Listing targeted for March 2014

Plenty of favourable press comment today. The Canadian listing the company now talks of will be significantly cheaper than a full US listing (and much less onerous to achieve) and makes sense with so much Quindell activity in that region. They can always go for a full US listing at some future date if the company does well with its UK mainmarket listing next Spring and if there is demand for it from US investors.

Yep, all progressing well and looking good!

Quite a tricky chart to read, though it looks as though c17p is the all time high and as it is failing to breach this level, a drop would seem likely. Volume has picked up however. Of course this is just a chart perspective and doesn't take into account the imminent news release. Wouldn't mind having a dabble here myself, but think I will take the risk of waiting for a pullback.

Telematics and Outsourcing Win with CAA and CAA Insurance

· First major North American contract win with insurer and automobile association with circa 1.9 million members in Southern Ontario, with sister organizations across Canada with a combined 5.8 million members
· Contract represents the second of several contracts for Quindell telematics which are expected to be announced by year-end, and largest North American deal for Quindell to-date
· Based on a 10% to 30% telematics take-up in Canada with automobile association members, revenue potential of C$79m to C$237m per annum

LISTEN: Quindell Portfolio (QPP) - Successful equity raising to fund growth opportunities

Click here

Nice radio interview js - thanks for link

The following funds / institutions have increased their share holdings,

Premier Fund Managers Limited
HBOS
Russell investments