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

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

The share price seems to respond to sellers more readily than buyers. A bit unfair I think.

Another strange day for QPP.
2517

maybe its peaked.

That's always a possibility halifax, perhaps just some consolidation as skinny touched on, however with 2p EPS for 2013 the PE is miserly at current sp. It's probably a pause for breath after the strong run, again as suggested by skinny. IMO this is still cheap.
2517

Won't hurt to wait and see before jumping in.,.
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def not peaked...tons of good news /profits still to come! (imho)

Quindell recognised in Celent Claims report

QUINDELL RECOGNISED AMONG THE LEADING EUROPEAN PROVIDERS OF INSURANCE CLAIMS SYSTEMS IN CELENT CLAIMS SYSTEMS VENDORS: EUROPEAN GENERAL INSURANCE 2012

Good news but everybody selling.