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

Didn't have to wait long for contract news (post 42). Acquisitions as well, and forecast to be earnings enhancing especially from 2013. Looking good.
2517

More good news released this morning..story just gets better and better!s






RNS Number : 1515N

Quindell Portfolio PLC

26 September 2012

RNS For release 07.00 26 September 2012

Quindell Portfolio Plc
("Quindell", the "Company" or the "Group")
Acquisition and Increase in Director Shareholding

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 it has completed the acquisition of the
group of companies comprising Overland Health ("Overland
Health"), a full-service, integrated, rehabilitation supplier
to the insurance industry as previously announced on 19
April 2012.

Overland Health is a full-service, integrated rehabilitation
supplier to the insurance industry, employers and occupational
health providers. Overland Health was established in 2009
with a completely new vision for serving the rehabilitation
market, offering clients a unique multi-disciplinary rehabilitation
service through the use of its cloud-based technology,
evidence-based assessment and management tools, and outcome
focused programmes. Its rehabilitation offering includes
physiotherapy, psychological counselling and injury case
management including specialist medical treatments. With
Overland Health as an integrated part of the Group, it
provides the platform for Quindell to acquire selected
rehabilitation and treatment centres, thereby extending
Quindell's reach deeper into the insurance supply chain,
enabling Quindell to drive through service synergies,
change the way in which the industry operates, lower the
cost of claims and improve service for clients.

As a result of its work with Quindell over the past year,
Overland Health has proven that the confrontation that
often exists between the interested parties at the point
rehabilitation services are initially proposed, can be
resolved. Their model, which is to have these services,
wherever possible, agreed by both defendant and claimant
at the earliest possible opportunity, has delivered significant
results and as a consequence the Group's medico legal
reporting subsidiary, Mobile Doctors, has now transitioned
a significant proportion of its rehabilitation work to
this pre-authorised model.

As disclosed on 19 April 2012, the terms of the acquisition
values Overland Health at GBP14 million and has been satisfied
by the issue today of 140,000,000 Quindell shares. This
valuation has been calculated on a multiple of 6.5 times
Overland Health's targeted profit after tax of GBP2.16
million for the twelve-month period ending 31 December
2013 (the "Target Profit"). The shares are subject to
lock in of between 12 and 36 months from the date of issue.
In the event that Overland Health misses its Target Profit,
the Group will receive compensation from the vendors in
the form of cash equal to 6.5x the shortfall. Through
its work with Overland Health over the past year Quindell
has already been working in partnership to deliver volume
to the business, generating significant improvements in
both revenue and profitability. On the basis of the growth
delivered to date and run rate revenues currently being
achieved, the Boards of both Overland Health and Quindell
are confident that 2013 targets will be met or more likely
exceeded.

Increase in Director Shareholding

Associated with the transaction above Ubiquity Capital
LLP, a company connected to Jason Cale, a non-executive
director of the Company, has increased its shareholding
in Quindell Portfolio (AIM: QPP.L) from 61,241,396 to
69,641,396.

The Board of Quindell Portfolio Plc (AIM: QPP.L) has also
been informed that on 25 September 2012 Ubiquity Capital
LLP purchased 1,625,000 ordinary shares of 1 pence each
("Ordinary Shares") at a price of 10 pence per share.

Following this transaction, Mr Cale, together with those
shares held by Ubiquity Capital LLP, is interested in
a total of 71,266,396 Ordinary Shares in the Company,
representing approximately 2.45 per cent. of the total
issued share capital.

Rob Terry, Chairman and Chief Executive of Quindell said:
"Based on the current run rate volumes being achieved
in partnership with Overland and pilots already underway,
the Board and I are confident that Overland will be able
to meet and even exceed the targets agreed. It is some
time since the agreement was originally reached to acquire
Overland, back in April 2012, but we have used the time
to prove that the two businesses can work together effectively
and that the warranted profit target can be delivered
from current volumes. Now is the right time to complete
this acquisition and deliver this key part of the integrated
Quindell model, which we are confident will be earnings
enhancing for the Group from day one."

Update on mandatory cash offer with share alternative
for AI Claims Solutions Plc ("Ai Claims")

Quindell is also pleased to confirm that it has now concluded
its purchase of Ai Claims shares under the Sell-out Right
process previously outlined in the Group's announcement
on 14 June 2012 with the issue of 882,146 new Quindell
shares and cash of c.GBP38,000 to acquire 432,895 Ai Claims
shares, representing c.0.7 per cent., in Ai Claims that
were not already owned by Quindell. Following the acquisition
of these shares, the Group now owns c.98.4 per cent. of
Ai Claims.

Application has been made for the 140,882,146 New Shares
to be admitted to trading on AIM. Admission of the shares
is expected to occur on 28 September 2012. Following Admission
Quindell will have 2,906,009,122 ordinary shares in issue.
The Company has no ordinary shares held in treasury. The
total of 2,906,009,122 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 FSA's Disclosure and Transparency Rules.


For further information:Quindell Portfolio Plc
Rob Terry, Chairman & Chief Executive Tel: 01329 830 501
terryr@quindell.com
Laurence Moorse, Group Finance Director Tel: 01329 830 543
moorsel@quindell.com
Cenkos Securities plc
(Nominated adviser and broker) Tel: 020 7397 8900
Stephen Keys /Adrian Hargrave (Corporate
Finance)
Alex Aylen / Andy Roberts (Sales)
Media Enquiries
Redleaf Polhill Limited
Rebecca Sanders-Hewett Tel: 020 7566 6720
Jenny Bahr quindell@redleafpolhill.com


Notes to Editors:

About Quindell Portfolio Plc
Quindell Portfolio Plc is a provider of sector leading
expertise in Software, Consulting and Technology Enabled
Outsourcing in its key markets being Insurance, Telecommunications
and their Related Sectors.

Quindell joined the market through Mission Capital Plc,
now renamed Quindell Portfolio Plc. The Company was readmitted
to the market on 17 May 2011 following the acquisition
of Quindell Limited prior to the immediate acquisition
of Quindell's technology and outsourcing partners. In
December 2011, Mobile Doctors Group Plc was acquired increasing
2012 run-rate revenue to over GBP50 million. On the 1
April 2012, Ai Claims Solutions Plc became a subsidiary
of Quindell, increasing run rate revenue to over GBP150
million.

Our Industry Sectors
In today's digital world the line between traditional
industry sectors continues to blur, however the focus
on tight service management is common to them all. We
believe that excellent customer service, tight cost control
and integrated supply chain management is not the prerogative
of any single industry sector and with our solutions in
multiple industry sectors savings of over 20% against
industry norms are being delivered to the bottom line.

Our Solutions
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
Champion and Challenger Business Process Management Technology
Platform and Industry Solutions to help our customers
tackle these efficiently and effectively.

With a clear understanding that having the best products
and services on offer is not always enough and that getting
your customers to use or adopt them is key, effective
conversion lies at the core of our unique Champion and
Challenger tools and techniques. Using these solutions
Quindell has helped its customers achieve sales and service
conversion rates ranging from 75% to 90%, way above industry
norms. But life does not stand still, and complacency
can kill any business, so the embedded Champion and Challenger
continual improvement focus of our Learning Solutions
is at the heart of all we offer. Using our industry insight
and expertise, Quindell takes the holistic view of our
client's challenges.

For example, when considering the Insurance industry today
where 50% of the cost of an auto claim is associated with
Personal Injury, including legal services, medical reporting
and rehabilitation, it is clear that an organisation will
not be able to achieve the levels of savings and customer
satisfaction desired without addressing the injury to
the driver as well as the repair of the vehicle. This
is why at Quindell we have designed our insurance solutions
and supply chains to address the full end to end cycle,
with the ability and expertise to treat an injured party
as well as repairing their vehicle. This makes Quindell
a truly unique and ethically based proposition for the
insurance industry today.

Our Customers
Quindell Portfolio's companies have worked with over 2000
brands from Small to Medium Enterprises and Blue-chip
organisations around the globe. Today we count a number
of the world's top Insurance and Telecommunications blue
chip companies within our client base, as well as hundreds
of customer centric organisations working in both the
distribution and supply of their services.

Our award winning Business Transformational, Software,
Consulting and Outsourcing Solutions are recognised as
delivering significant savings and additional sales to
our customers every year.

Shame that the news is released on a bad market day but the SP should resume it's slow gradual rise soon methinks! imho of course!

http://www.gecr.co.uk/file_download/366/Quindell_Initiation_26092012.pdf

above link shows target sp of 25p....interesting to see the financial numbers behind it all! particularly for 2012E 2013E !

Good mention in Shares mag today, also GDP and LBB.
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Another acquisition, Metaskil. Like the recent acquisition the board state---

The acquisition of Metaskil is expected to be slightly Earnings Per Share ("EPS") enhancing in the remaining period to December 2012, however the Board believes it to be significantly EPS enhancing during 2013.

Looking forward to the Q3 update in a week or so.
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Continuing to look good!

An exceptional Q3.........Good times for sp heading further North!

Embargoed for release 7.01 am 15 October 2012



Quindell Portfolio Plc

("Quindell" or the "Group")



Q3 Trading Statement and Advisory Board Appointment





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 report that turnover for the nine months ended 30 September 2012 is circa £95.7 million, with Adjusted EBITDA (1) of circa £29 million.



Highlights



· The Group has had an exceptionally strong third quarter of 2012, continuing the positive developments achieved in the first half of 2012, setting a record for profit, cash and EPS



· Results for the nine month period to 30 September 2012 are significantly above market expectations with adjusted EPS (2) of circa 0.86 pence



· Operating cash flow to EBITDA ratio in region of 65%, remaining ahead of market expectations, and cash at the end of the period of circa £18.5 million (30 June 2012: £21.4 million), after circa £7 million of acquisition costs



· The software and consultancy Solutions Division

o Division delivered circa £16.4 million (circa 17%) of revenue year to date

o Finished Q3 2012 with new record level license pipelines

o Agreed multiple new contracts in key markets and geographies

o Technology recognised as market leading by industry bodies and publications



· The technology enabled outsourcing Services Division

o Signing new contracts at a record rate to due regulatory change

o Major new contract valued at circa £120 million over next three years underway and volumes growing

o Silverbeck Rymer agreement contributing to P&L from 1st July 2012

o Significant new volume of business from initial agreements and pilots during Q3

o Verbal agreements reached on more 'major contracts' with final terms under negotiation



· Corporate

o Headroom in working capital to support growth plan for 2p EPS

o Progress on debt reorganisation to support growth above plan

o Strategy and Integration Advisory Board strengthened with appointment of Steve Broughton, Alternate Chairman of Tesco Underwriting Limited and Non-Executive Director of Ageas UK



· The Board is extremely confident that expectations should be exceeded for the full year and at the upper end of guidance for 2013



Notes:

1. Adjusted EBITDA is Profit before interest, tax, depreciation, amortisation and exceptional costs relating to acquisitions and their integration

2. Adjusted EPS is Profit after tax, excluding exceptional costs and amortisation, divided by the weighted average number of shares in issue



Q3 2012 Trading Statement





The first nine months of 2012 have continued to be a period of significant progress for the Group.



During Q3 the Group's softwareand consulting Solutions Division has continued to build a strong pipeline of opportunities for the full range of its software offerings. Building on the pipeline generated during the first half, the Division has agreed multiple new contracts, and extensions to existing client contracts, across our key markets and geographies. This includes the signing of a major new contract in South Africa, in conjunction with its recent acquisition Quintica, with a leading multi-national telecoms group, for Quindell's Challenger OSS technology.



Third Quarter revenues including initial licence fees, other success or milestone based fees and other software and consulting revenues in combination exceeded £5.4 million, resulting in the Software and Consulting business delivering circa £16.4 million (circa 17%) revenue year to date. These new contracts, together with our new business pipelines help to further underpin market expectations for this division for the full year 2012 and beyond.



In May 2012 we announced that we had won a contract worth circa £120 million over a three year period that uses a combination of one or more of our insurance outsourcing service offerings. This is now well underway and has contributed to our strong performance in the third quarter. In addition our legal services, accident management and credit hire outsourcing businesses have continued to sign significant new business, increasing run rate volumes that will further strengthen their performance going forward. The pipeline of contracts has strengthened further with a number of new pilot projects progressing successfully and active contract discussions underway with a number of top tier insurers. We are at verbal stages with a number of major contracts with final terms under negotiation, at a similar scale or larger than the previous £120 million contract announced.



Following the completion of the agreement with Silverbeck Rymer on 27th June 2012, our revenues and profits have benefitted considerably from 1st July 2012, however the acquisition and full integration into our balance sheet is awaiting ABS approval from the Solicitors Regulation Authority.



Overall, the Group benefited from a combination of organic growth, growth from the newly acquired businesses, cross selling across the Group's subsidiaries and further integration savings. Year to date, Adjusted EBITDA1 is circa £29 million, an EBITDA margin of approximately 30%.



The Group has continued to generate good levels of cash from its operations during the three months to 30 September 2012, with an operating cash flow to EBITDA conversion ratio in the region of 65% and with the Group's cash balance at the end of the period being approximately £18.5 million (30 June 2012: £21.4 million) together with drawn down working capital facilities relating to acquisitions of circa £31 million, which have ample headroom for the potential growth to 2p EPS.



We have continued working with our existing and other major banks on potential debt reorganisation both as part of our integration process and due to the size of the overall market opportunity currently presenting itself to us to support growth above plan. Even in the current economic environment, we have seen plenty of appetite from current and alternative banking providers to give this level of support.



The Board is extremely confident that expectations should be exceeded for the full year and at the upper end of guidance for 2013.





Advisory Board Appointment



We are pleased to announce that Quindell has appointed Stephen Broughton (Steve) to its Strategy and Integration Advisory Board. Steve has over 30 years experience within the insurance industry and is Alternate Chairman of Tesco Underwriting Limited and a Non-Executive Director of Ageas UK. Steve is also Chairman of ingenie, the leading telematics digital brand for young drivers.



Steve was formerly Managing Director of Royal & Sun Alliance Insurance UK (RSA) where he served as the Chairman of the Board of Polaris UK Ltd and was previously RSA's representative Director on the Board of the Motor Insurers Bureau (MIB). Steve was also appointed by RSA as Chairman of Swinton Insurance Ltd. Steve's expertise will supplement the skills of the other leading insurance industry experts who are members of Quindell's Strategy and Integration Advisory Board.



Rob Terry, Chairman and Group Chief Executive of Quindell, said: "As we continue to approach April next year and the banning of referral fees with respect to Personal Injury, our combined offerings are generating a great deal of interest in the insurance market, which continues to surpass even our own expectations.

The team and I are looking forward with confidence to the remainder of 2012 and the opportunity of continuing to help our existing and prospective clients maintain or improve historic income levels whilst operating in a manner which is both ethical and drives down the cost of claims for the industry as a whole.

As a result, the Board is extremely confident of exceeding market expectations for the full year and beyond and believe the Group's ability to do so is clearly demonstrated by the 0.4 pence EPS achieved in Q3.

In addition to the financial results we have achieved in the last quarter, we judge our success through the recruitment and retention of core technology and industry talent as the knowledge of our people in combination with that of our Advisory Board allows us to deliver unique and compelling solutions to the industry. We plan to launch our Company share option scheme in the final quarter of the year and in combination with other various targets, the exercise of options will be tied to achieving 2p EPS in 2013.

Finally, I am delighted to welcome Steve Broughton to our Advisory Board. Steve has been invaluable in helping create Quindell's vision and philosophy and I am sure his skills, contacts and influence in the marketplace will continue to prove invaluable as an advisory board member in the future."



Steve Broughton, Alternate Chairman of Tesco Underwriting, commented: "Having contributed to Quindell's Advisory Board for the previous two meetings and working alongside the Quindell team over many years, it is clear that Quindell's proposition for the market is unique and market leading in technology, consultancy and outsourcing. I look forward to working more closely with the team over the next year as the Company goes through an exciting phase of growth and continues to demonstrate that services can be provided profitably but also cost effectively and ethically for the benefit of the industry as a whole."

Looking good!

Updated GECR Note Out

October 17th 2012

Quindell Portfolio, the leading supplier of software, consulting and outsourcing services within the insurance and telecoms sectors, announced a Q3 trading update and new partnership agreement on 15th October 2012. The group confirmed exceptionally strong performance in the 9 months to 30th September 2012, generating revenues of £95.7 million, adjusted EBITDA of c.£29.0 million and adjusted EPS of c.0.86p. Further, the software & consultancy and the technology enabled outsourcing divisions have significant contracts under negotiation, totalling c.£500 million.

Recent Developments

Quindell’s operating cash flow to EBITDA ratio was c.65% in Q3, while the cash balance at the period end was £18.5 million. The Software and Consulting division delivered revenues of c.£16.4 million in 2012 to-date. It has a strong new business pipeline, and as we have commented on previously, it has won numerous contracts this year. The group’s legal services, accident management and credit hire outsourcing businesses have signed new contracts and conducted a number of pilot schemes with major insurers. The £120 million contract won in May 2012 is now active and contributing to results. Quindell is now at verbal negotiation stages with major contracts that are a similar size or larger than the existing £120 million contract. Lastly, Stephen Broughton, the Chairman of Ingenie with over 30 years experience in the insurance industry, has been appointed to Quindell’s Strategy and Integration Advisory Board.

Agreement/Acquisition of Pinto Potts Solicitors

Quindell has entered a partnering agreement with Pinto Potts Solicitors to provide joint outsourcing services to the UK insurance claim market, principally within personal injury – Pinto Potts are litigation specialist in this area. Quindell has agreed to acquire Pinto Potts, subject to regulatory approval. It will then work alongside Silverbeck Rymer within Quindell’s Legal Services division.

Valuation

We feel the Q3 update underpins our forecasts and valuation, and we take comfort in the fact that the board is “extremely confident that expectations should be exceeded for the full year”. We upgraded our 2013E revenues, however EPS has remained flat. We believe our peer-based valuation still stands – indicating value per share of 31p – although our target price remains below this as our model is based on 2012E numbers. Our stance remains buy at 13.375p with a 25p target price.


Just wait until their target price is based on 2013E....what TP then?

I don't hold any of these, but thought this link might be of interest;

http://www.telegraph.co.uk/finance/markets/questor/9610020/Questor-share-tip-Time-for-investors-to-grab-a-slice-of-Quindells-cost-cutting-expertise.html

Taking some shifting again.
2517

Took profits at 13 and got back in at 13.
Also looking for a good rise to 25p?

A bit of consolidation after the recent rise would be useful.

Thats it. Get rid of the sellers.

What both of them?
2517

I think you're right George. More buys than sells but the share dose not move.

parrisf---There may be more earlier (delayed time) sells to come, a couple of 250,000 have gone through so possible more to come which would explain the static sp.
I believe QPP will be a good deal higher over the coming months, just pleased I got in nice and early. Good luck.
2517

I would have thought with 12mil+ buys and only 1mil+ sells the share price should have gone up.

I wouldn't give much credence to the alleged buy/sell ratio.

skinny----That's something I have banged on about at various times, delayed trades can distort the true picture, however with QPP today the ratio 12 to 1 is not too far wrong imo.
2517