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

Nice! I do like a half pint of Deanston 17 year single malt! :o)

ok i'll bring a zimmer frame to hold you up after.....

Lol!

Pre-Close Statement and Trading Update

Quindell 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, subject to audit, the Group expects to meet the upper end of market expectations(1) for all key performance measures of profitability including Adjusted EBITDA(2), Profit before tax(3) and EPS(4). The Group's year end cash balance of circa £200 million, and overall balance sheet is the strongest in the Group's history.

Highlights
· The Group expects to meet the upper end of market expectations(1) for all key performance measures of profitability being adjusted EBITDA(2), adjusted Profit before tax(3), and adjusted EPS(4) of £131 million, £128.8 million, and 2.4 pence respectively
· The Group also expects to meet the upper end of market expectations(1) on the key unadjusted measures of profitability being Profit before tax of £115 million and EPS of 2.17 pence
· The Group is also pleased to report that operating cash inflow for the final quarter for 2013 was ahead of market expectations(1) and it finished the year with cash on balance sheet of circa £200 million
· The Solutions Division contributed approximately one-third of the Group's profit in the year, with a particularly strong cash generation profile. The Board believes the scale of the opportunity of this Division is not fully reflected in current market expectations, particularly with regard to telematics contracts. The full scale of this opportunity, including profiling typical contracts, opportunity to increase our investment in Himex and the expansion of ingenie into North America, will be explored in today's Investor Teach-In
· Earnings enhancing infill acquisition completed to support organic growth within legal services operations issuing consideration shares representing only 2% of issued capital

sp reaction to RNS suggests market is underwhelmed by this news.

Sp holding well at 21.88 only down a third of a penny, onwards and upwards hali.

It's a bad day for many stocks, so it may just be the trend for today and no reflection on QPP performance.

Harry performance seems fine probably the usual "sell on the news".

They did rise @10% yesterday and are @+20% YTD.....I can live with that.

Bullish article........

http://www.directorstalk.com/city-broker-daniel-stewart-buy-recommendation-on-outsourcing-group-quindell-portfolio/

Im in this GF ,they are moving to the main market in March .
Said in the Times on Sunday ,Terry will be making a presentation to institutional investors on Thursday ahead of a move to the main market.

Thinking of going long jimmy.

Could be a good one to run for a few months ,i like the fact they are going to main market .Nice tight spread as well.

Just bought another 20000 at 22.50

This is a great share with lots of news flow and a main market listing to come.
Total holding 40000 average @ 19.50p

Canaccord Genuity Buy 22.88 22.25 41.00 45.00 Reiterates

Well based on figures for year just finished it gotta be worth 36p.

This is a no brainer , bought some more.

.

sp stuck atm decided to take 30% profit, may re-visit when the dust has settled.

I'm 170% in profit here but I'm not getting out yet as there is more profits ahead.
Might buy more on a good drop in SP.

75% up and doing just the same parrisf.,.