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Quindell-The Information & News Thread (QPP)     

banjomick - 07 Jan 2015 21:47

quindell-logo-portrait.png


Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.


Chart.aspx?Provider=Intra&Code=qpp&Size=Chart.aspx?Provider=EODIntra&Code=QPP&SiNEWS

02nd Nov 2015 Capital return update
30th Sep 2015 Interim Results Presentation For The Six Months Ended 30 June 2015
30th Sep 2015 Interim Results for the six months ended 30 June 2015
17th Aug 2015 Board appointment/Change of Nominated Adviser
06th Aug 2015 RESTORATION OF TRADING ON AIM
05th Aug 2015 Regulatory update
05th Aug 2015 Results and publication of Report and Accounts for the year ended 31 December 2014

EVENTS

26th Nov 2015 General Meeting
Insurance Telematics Europe 2015(14th-15th April | Park Plaza Victoria London, UK)


WEBSITES
ingenielogo.png 16129731aa_t.gif

DEDICATED & UPDATED POSTS

Ingenie



'Would you kindly' post Views/Speculations on one of the many other QPP threads,cheers.

banjomick - 18 Feb 2015 11:26 - 43 of 180

Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

banjomick - 18 Feb 2015 23:21 - 44 of 180

17:43 Quindell PLC (QPP)--Notification of major interest in shares

Morgan Stanley crossed 5%, 4% and now below 3% therefore from 21,942,446 to a figure below 13,093,410 on 16/02/2015

http://www.moneyam.com/action/news/showArticle?id=4979926


banjomick - 19 Feb 2015 00:31 - 45 of 180

Motor insurers face ‘critical shortfall’ in crash repair capacity
18/02/2015 in News Home

"The latest UK Car Body Repair Market report, by independent research company Trend Tracker, warns that insurance company profits will be hit by a repair capacity deficit.

The number of bodyshops has declined by 32% over the last decade and Trend Tracker predicts a further 9% decline, to just 3,020 by 2020.

This, combined with an expected 2% increase in the number of repairs, will create an 11% shortfall in repair capacity by 2020.

With insurance companies financing around 70% of all accident repairs, bodyshop owners have long bemoaned the lack of profit in insurance-funded repairs. This, coupled with a fall in the number of accident repairs since the 2006 peak, has led to many bodyshop closures, says Trend Tracker."

*****************************************************

"Trend Tracker says if you ignore investment returns, motor insurers as a whole are expected to have been loss-making in 2014, with a combined ratio of 109%. This is partly due to excessive competition and persistently high personal injury claims, although accident damage claims account for two-thirds of all motor insurance claims.

For motor insurance companies, including the listed firms Admiral Group, Direct Line Insurance Group and Esure Group, shrinking repair capacity combined with an increase in repair demand will result in rising accident repair costs and constrained profitability, claims Trend Tracker.

However, it continues, for companies in the accident claims and accident repair market, including the listed firms Innovation Group, NAHL Group, Quindell, Redde (formerly Helphire) and Nationwide Accident Repair Services, growth in the number of motor accident and repair claims will provide a welcome boost to their businesses."

Full article from liunk below:

http://www.fleetnews.co.uk/news/2015/2/18/motor-insurers-face-critical-shortfall-in-crash-repair-capacity/54861/

banjomick - 19 Feb 2015 09:26 - 46 of 180

Press Releases
19th February 2015


Quindell Wins Celent XCelent Award for Claims Administration

Celent report recognises Quindell ICE Claims™ with top honour for Technology

Quindell Plc (AIM: QPP.L) today announced that it has been named the winner of the XCelent Technology Award in Celent’s Claims Systems Vendors: EMEA P&C Insurance 2015 report. Quindell’s ICE Claims™ solution is recognised as the top Technology solution out of 16 vendors within Europe.

The XCelent Technology Award for the best solution in the “Advanced Technology” category is based on several criteria, including the underlying architecture; configurability of the solution; methods to extend or modify the data model; methods of testing changes; the approach to versioning, and how this influences the development, deployment and rollback of change; methods for reuse of definitions and rules; and reference comments.

“Quindell offers a very strong claims solution utilising an innovative front end that will drive user satisfaction and efficiency amongst its customers,” said Craig Beattie, Senior Research Analyst with Celent’s Insurance practice and author of the report. “Quindell’s solution is well featured and referees particularly valued the flexibility and control built into the solution.”

“Celent expects to see Quindell build on their current momentum with greater growth in the next two years across a diverse set of lines of business, leveraging the capabilities in what is a very flexible and efficient insurance claims solution.”

“We are delighted to receive this recognition from Celent” said Mick Sargeant, Chief Executive Officer, at Quindell Enterprise Technology Solutions. “We believe our ICE product set, including ICE Claims, is a game changer for the industry, given the user configurability and breadth of functionality. We work closely with our customer community to ensure their businesses maximise the benefits available from the ICE product set.”

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banjomick - 19 Feb 2015 09:38 - 47 of 180

EDIT-THE SUB TOTAL HAS NOT BEEN UPDATED

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 19th February 2015:



Major Shareholders Information


Name--------------------------------------- Total Interest------------% Holding
M&G Investments (Prudential)--------------29,166,666---------------6.68%
Fidelity Management and Research---------21,398,267-------------- 4.90%
Toscafund Asset Management LLP----------21,385,903---------------4.90%

Sub Total--------------------------------------93,893,282--------------21.51%

http://www.quindell.com/Major-Shareholders/major-shareholders



banjomick - 19 Feb 2015 10:00 - 48 of 180

ICE Digital Framework


...In today’s digital world the pressures on an organisation can come simultaneously from multiple directions including the need to add customers, increase wallet share, reduce costs and improve customer satisfaction. At Quindell we have the People, the Processes and the Supply Chains, underpinned by our sophisticated ICE Business Process Management Technology Platform and Industry Solutions to help our customers tackle these efficiently and effectively.....

Further details from link below:

http://www.quindell.com/challenger-digital-framework/challenger-digital-framework

banjomick - 20 Feb 2015 10:41 - 49 of 180

The shareholder total figures have now been corrected from the original update yesterday:


Major Shareholders


The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 19th February 2015:



Major Shareholders Information

Name-------------------------------------Total Interest------------------% Holding
M&G Investments (Prudential)----------29,166,666----------------------6.68%
Fidelity Management and Research-----21,398,267----------------------4.90%
Toscafund Asset Management LLP------21,385,903----------------------4.90%

Sub Total----------------------------------71,950,836----------------------16.48%

http://www.quindell.com/Major-Shareholders/major-shareholders


Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

geoffsh - 21 Feb 2015 19:58 - 50 of 180



Betaville latest.

hxxp://betaville123.blogspot.co.uk/2015/02/aussie-lawyers-slater-gordon-in_21.html


Saturday, 21 February 2015




Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 11



I have had a few readers get in touch asking for an update on the Quindell situation, so here it is:

I'm told by excellent sources that talks between Slater & Gordon and Quindell (and also their investment banking advisers at Greenhill and NM Rothschild) about a deal for the Aim-listed company's legal services division are getting hot and heavy i.e very serious.

Don't, though, get too excited because after a period of due diligence, Slater & Gordon has indicated that it may only be willing to pay around £700 million for Quindell's legal services unit, according to well-placed sources. Apparently, the majority of the potential offer will be in cash.

In case you don't recall, Slater & Gordon originally indicated to Quindell back in November 2014 that it could be willing to pay six times sustainable EBITDA (earnings before interest, tax, amortisation and depreciation). Given the legal division was/is generating about £180 million of EBITDA, the original indicative approach from Slater & Gordon valued the unit at around £1billion.

So, the new potential price of £700 million is significantly lower than what was indicated in the original approach (a statement of the obvious, I know). Indeed, one person following the situation described it is a "bit of a cheeky bid".

Quindell's board is scheduled to meet early next week, according to my sources familiar with the matter.

However, it's not clear whether Slater & Gordon will be able to get its act together in time to submit a formal offer for the Quindell board to consider next week.

The other uncertainty is that if the Aussies do pitch their bid for Quindell legal services at £700 million, the board may not be able to recommend to shareholders because it is not high enough.

Some analysts reckon £800 million is the minimum Quindell's board would deem acceptable for its legal services unit.

Both Quindell and Slater & Gordon declined to comment.

geoffsh - 22 Feb 2015 22:53 - 51 of 180

http://www.dailymail.co.uk/money/markets/article-2964282/Price-blow-Quindell-arm-Australian-law-firm-Slater-Gordon-reduces-takeover-offer-third.html

banjomick - 22 Feb 2015 23:32 - 52 of 180

Hmmm, I was trying to keep this thread for non speculative posts........but since this story from Ben Harrington has been taken as gospel by the various forms of media it's now going to be a very positive for the QPP SP tomorrow morning.

deltazero - 23 Feb 2015 07:55 - 53 of 180

yeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Quindell PLC
Update regarding discussions with Slater & Gordon
RNS Number : 5649F
Quindell PLC
23 February 2015




23 February 2015

Quindell Plc



("Quindell" or the "Company" or the "Group")



Update regarding discussions with Slater & Gordon



Further to its announcement of 22 January 2015, Quindell Plc (AIM: QPP.L) notes the further press speculation and announces that it has extended Slater & Gordon Limited's ("SGH") exclusivity period relating to the possible disposal of the professional services division ("PSD") of the Group to 31 March 2015.



Discussions are progressing with SGH and the indicative terms being discussed would imply a significant premium to the Company's market capitalisation at the close of trading on 20 February 2015.



There can be no certainty that these discussions will lead to an offer for, or the disposal of, the PSD. Further announcements will be made, as appropriate, in due course.





-ends-



For further information:



Quindell Plc

David Currie, non-Executive Interim Chairman

Robert Fielding, Group Chief Executive

Stephen Joseph, Head of Investor Relations






Tel: 01489 864200

Cenkos Securities plc, Nominated Adviser and broker

Stephen Keys / Mark Connelly






Tel: 020 7397 8900



Tulchan Communications

Susanna Voyle / Victoria Huxster




Tel: 020 7353 4200







This information is provided by RNS
The company news service from the London Stock Exchange

END


deltazero - 23 Feb 2015 10:50 - 54 of 180

onwards and upwards

http://www.cityam.com/210027/quindell-extends-talks-slater-gordon?utm_medium=Email&utm_source=Email&utm_campaign=150223_CMU

banjomick - 25 Feb 2015 08:51 - 55 of 180

VAUXHALL GETS YOUNG DRIVERS ON THE ROAD FOR LESS
2015-02-24

Luton – Following the success of its young driver insurance offer on Corsa, which was taken up by over 1,500 customers, Vauxhall is offering the same great deal to young ADAM drivers to help lower the cost of motoring.

Drivers aged 18-20 can get one year’s insurance cover for a one-off payment of £99, which they can even earn back, and 21-75 year olds can get free insurance on most ADAM models.*

“With young drivers potentially paying upwards of £2,000 for insurance when they are 18, this offer for ADAM drivers is an amazing deal and shows our commitment to lowering the cost of motoring,” said John Hennelly, Vauxhall’s Marketing Programmes Manager.

The £99 insurance offer for drivers aged 18-20 and the free insurance offer for 21-75 year old drivers is available for all eligible orders or registrations up until 6th April 2015 when an ADAM is taken with either a 2.9% PCP contract or a contract hire agreement.

To qualify for the offer, 18-20 year old drivers simply have to allow insurance provider, ingenie, to install a ‘black box’ to monitor driving style, including speed, acceleration, braking and cornering. Under the previous Corsa offer, over 70 per cent of customers received a money back discount.

1423234841020.jpg

deltazero - 25 Feb 2015 12:16 - 56 of 180

onwards & upwards

banjomick - 25 Feb 2015 12:58 - 57 of 180

Quindell rises on rumours of full takeover by Slater Gordon
Wed, 25th Feb 2015 12:14

Shares in insurance outsourcer Quindell advanced further on Wednesday after rumours grew louder that Australian law firm Slater & Gordon (SGH) was contemplating a full takeover.

The potential deal was cited by the FT Alphaville team, who said "the story out there is that rather than SGH just buying the legal division or even part of it, it is now looking at a full takeover of Quindell" but reiterated that this was a rumour albeit "a very specific rumour and it is now in the public domain".

On Monday Quindell said discussions were "progressing" with the ASX-listed firm , sending its shares soaring from around 75p to over 100p at one point with the statement that "the indicative terms being discussed would imply a significant premium to the company's market capitalisation".

However, SGH responded that "no offer has yet been put to Quindell and there is no certainty that an offer will be put that is attractive to Quindell, or that a transaction will eventuate".

In January it emerged that the pair were in discussions over SGH's potential purchase of Quindell's legal services division.

As Quindell generates a major proportion of its outsourcing earnings from its legal and health services businesses, it has cited the Australian firm as one of its closest peers.

lseLogo14.png

deltazero - 25 Feb 2015 17:22 - 58 of 180

http://www.digitallook.com/news/aim-bulletin/quindell-rises-on-rumours-of-takeover-by-slater-gordon--655353.html

cynic - 25 Feb 2015 17:25 - 59 of 180

there is certainly a curious comment in the RNS of 23rd as below .....

Feb 23 (Reuters) – Quindell Plc
Update regarding discussions with Slater & Gordon
Notes further press speculation and announces that it has extended Slater & Gordon Ltd's exclusivity period relating to possible disposal of professional services division of group to March 31
Talks are progressing with SGH and indicative terms being discussed would imply a significant premium to company's market capitalisation at close of trading on Feb 20 2015
There can be no certainty that these discussions will lead to an offer for, or disposal of, PSD

banjomick - 25 Feb 2015 21:53 - 60 of 180

Quindell is recognised as No.1 in insurance technology in Europe, a leader within Usage & Behaviour Based Insurance globally and is the largest technology enabled claims outsourcing business for the UK insurance industry and the only organisation ethically addressing the total cost of claims including personal injury and rehabilitation.

http://www.quindell.com/

banjomick - 27 Feb 2015 07:52 - 61 of 180

27 February 2015

Quindell Plc


Update

Quindell Plc (AIM: QPP.L) announces an update on the independent review of the Group's main accounting policies and expectations as to cash generation into 2015 being undertaken by PwC ("Independent Review") and certain strategic decisions.

The Board has now considered an update from PwC and one from the consultants, Richard Rose and Jim Sutcliffe (the Company's prospective Chairman and Executive Deputy Chairman) ("Consultants") who are assisting the Board. The updates covered, inter alia, ongoing strategy, the outlook for the business and appropriate revenue recognition policies. As a result, the Company confirms that:

· The Independent Review is ongoing and has taken longer than originally anticipated given the high level of corporate activity of the Group. Advice in relation to the Company's main accounting policies (in particular revenue recognition in the Professional Services Division) is being further considered and no conclusions have been reached. The Board now expects that the Independent Review will be completed in the next few weeks and shareholders will be updated as appropriate as to its findings;

· The Board has concluded that going forward, the Company will have two operating divisions: the Professional Services Division and the Technology Division (comprising insurance software, telematics and telecoms businesses). There are, therefore, several businesses and assets that are non-core and the Board will take appropriate action to deliver shareholder value from those assets; and

· The Consultants have noted the quality of people, operations and prospects of the Professional Services Division. The Board and the Consultants believe, however, that it is in shareholders' interest to continue to explore the potential disposal of this division to Slater & Gordon Limited and the Company is continuing discussions as announced on 23 February 2015. There can be no certainty that these discussions will lead to an offer for, or the disposal of, the Professional Services Division.



Further announcements will be made, as appropriate, in due course.



-ends-

http://www.moneyam.com/action/news/showArticle?id=4985027

banjomick - 27 Feb 2015 08:04 - 62 of 180

Major Shareholders

The Company has been notified of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 25th February 2015:



Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666-----------------6.68%

Sub Total--------------------------------29,166,666-----------------6.68%

http://www.quindell.com/Major-Shareholders/major-shareholders



Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581
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