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.

NEWS

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


DEDICATED & UPDATED POSTS

Ingenie



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

Quindell drops after it asks shareholders to be patient with review
Date: Friday 27 Feb 2015

Insurance claims processor Quindell saw shares slip on Friday, after it asked its shareholders to be patient while it completes an independent review.
The London-listed group, whose share lost 90% of its value in 2014, said the review, which is being carried out by PwC, was taking longer than initially expected because of "the high level of corporate activity of the group".

The AIM group added that PwC, along with prospective chairman and executive deputy chairman Richard Rose and Jim Sutcliffe, are expected to work on plans to reduce the group down to two operating arms, the professional services division and the technology division.

Quindell shares jumped last week after the company revealed it had extended talks with law firm Slater & Gordon to sell its legal services division.

In a statement released on Friday, it said that while it had taken into account "the quality of people, operations and prospects of the professional services division", it believed continuing with the deal was in the shareholders' best interest.

Quindell shares were down 3.54% to 95.25p at 09:29 on Friday.

Car insurer Ingenie turns to Epiphany to drive organic traffic growth
27 February 2015 - 12:59pm | posted by Michael Feeley

Ingenie, a car insurance service that uses telematics technology to assess young drivers, has appointed search agency Epiphany to drive growth in organic traffic.

By using telematics to collect and analyse data about how a car is driven – including speed, acceleration, braking and cornering – ingenie assesses customers individually, provides regular feedback on how to improve and rewards good drivers with lower premiums.

Luke Eales, chief marketing officer at ingenie, said: "It is clear when developing a modern natural search strategy that value is found in both the destination and the journey. In partnering with Epiphany we are excited to continue growing the ingenie brand and engaging with young drivers and their parents, while driving incremental business through the SEO channel."

Rob Shaw, group chief executive offider of Epiphany, said:"ingenie's business mirrors Epiphany's in many ways – as well as being a fast-growing challenger brand with a key point of differentiation, ingenie's use of data science for customer benefit is certainly something we at Epiphany can get behind.”

Ingenie insures a target market of 17 to 25-year-old drivers, a group often priced out of insurance due to the perceived high risk.

Further to post 55:

Unica, Independent Broker Resources launch telematics for commercial auto insurance customers
2015-03-03

Unica Insurance Inc. and Independent Broker Resources Inc. (IBRI) announced Tuesday that Unica is endorsing Fleetadvisor, a commercial auto insurance product announced by IBRI in January.

IBRI, a subsidiary of the Association of Insurance Brokers of Ontario (IBAO), announced in 2013 a partnership with Quindell Portfolio Plc to offer insurance based on telematics technology. Telematics lets auto insurers provide usage-based insurance by monitoring driving behaviour such as mileage, speed, sudden acceleration and hard braking.

Fleetadvisor uses telematics technology provided by Quindell in commercial vehicles.

"With the fleet manager's consent, both Unica and brokers will have viewing access to the drivers' data," IBRI and Unica said in a release Tuesday. "With this consent, effective immediately, fleets utilizing fleetadvisor are eligible to receive an additional 5% discount on their insurance premium through Unica's Commercial fleet program."

Mississauga, Ont.-based Unica is a subsidiary of La Capitale General Insurance of Quebec City.

5 March 2015

Quindell Plc

Update and Issue of Equity


On 27 February 2015, Quindell Plc (AIM: QPP.L) announced that the focus of its core business activities going forward would comprise two operating divisions: the Professional Services Division and the Technology Division, and that the Board would take appropriate action to deliver shareholder value from certain non-core assets. Further to this, the Company announces the following corporate actions:


1. The disposal of Quindell's minority investment in Nationwide Accident Repair Services plc ("NARS"). The Company's entire holding of 10,930,423 ordinary shares in NARS was sold on 4 March 2015 at a price of 65 pence per NARS share realising net proceeds of approximately £7.1m. The proceeds of the sale will be applied towards general working capital purposes.



2. Subject to the approval of the Court of Chancery of the State of Delaware USA ("Court"), the settlement of litigation in respect of Navseeker Inc., a subsidiary of Himex Limited (a wholly owned subsidiary of Quindell) ("Navseeker") whose Evogi business remains a core part of the Company's Connected Car business:



· The agreement of terms with the Plaintiffs for the settlement of litigation (Laurence Baker, et al. v. Hassan Sadiq, et al. and NavSeeker, Inc. C.A. No. 9464-VCL, Court of Chancery of the State of Delaware USA)("Litigation") and the associated acquisition of 11.67 per cent. of Navseeker not already held by the Company ("Settlement"). The Settlement, which remains subject to final approval by the Court has been made without admission of liability. The Company has been advised that the Plaintiffs' claims had no merit and the Litigation was being strenuously defended. However, given the alternative of an expensive and protracted continuation of US based litigation, the Board has determined that settlement is the best course of action in the circumstances. Notwithstanding the Board's belief in the strength of its defence to the Litigation, its outcome would still have been subject to the usual uncertainty that is an inherent part of any civil litigation.



· Following Court approval of the Settlement, the Company will acquire the shares in Navseeker held by the Plaintiffs for a consideration of 684,770 new ordinary shares in Quindell of 15p each ("Settlement Shares"). In addition, the Company will make a cash payment US$1 million to the Plaintiffs in the Litigation.



· Application for the Settlement Shares to be admitted to trading on AIM ("Admission") will be made following Court approval of the Settlement an announcement will be made in due course.

3. As part of its wider strategy in respect of non-core assets, the Company is taking steps to consolidate some of its property services interests in order to facilitate future options for disposal. Therefore, application will be made for 3,666,667 new ordinary shares of 15p each in Quindell ("BEI Consideration Shares") to be admitted to trading on AIM ("Admission"). The BEI Consideration Shares will be issued in respect of the acquisition by Brand Extension (UK) Limited, a wholly owned subsidiary of Quindell ("BEL") of:



(1) the 50 per cent. of the entire issued share capital of BE Insulated (UK) Limited ("BEI") not already owned by BEL; and

(2) the entire issued share capital of Carbon Reduction Company (UK) Limited, the installation arm of BEI.



The Company's initial interest in BEI was acquired as part of the acquisition of Quindell Property Services which was first announced on 3 May 2013. The BEI Consideration Shares will be issued to Ben Williams, a director of BEI.



As part of this arrangement and subject to certain conditions being met following an audit of BEI's results for the year ended 31 December 2014, up to a further 200,000 new ordinary shares of 15p each in Quindell will be issued to Mr. Williams.



Admission of the BEI Consideration Shares is expected to occur on 10 March 2015 after which Quindell will have 440,113,677 ordinary shares of 15p each ("Ordinary Shares") in issue. The Company has no Ordinary Shares held in treasury. The total of 440,113,677 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 FCA's Disclosure and Transparency Rules.

-ends-

http://www.moneyam.com/action/news/showArticle?id=4989449

Auto insurance: Technology beckons young drivers with lower premiums

British firm launching digital device that rewards safe driving with insurance rebates

By: Ian Harvey Special to the Star, Published on Thu Mar 05 2015


Like many young men, Andrew Hoy has been dreaming about getting his own wheels since he first got his driver’s license at age 16.


Today at 20, his dream remains a fantasy he can’t afford because — like most of Ontario’s roughly 1.3 million drivers under 25 — he can’t afford the $7,000 annual insurance premium for just a basic car, despite having no tickets on his record.


“I have to be insured under my mom’s policy and drive her car,” says Hoy, shaking his head. “I just want my own car and to pay a reasonable amount for insurance.”


His story is all too familiar because the cost of a car, gas and maintenance pales to the horrendous quotes demanded by insurance companies. It’s a formidable barrier to a key rite of passage into adulthood, your first set of wheels.


Hoy and the other roughly 170,000 16-to 24-year-olds who acquire their licenses in Ontario every year may now find some relief. March 9 brings the Ontario launch of Ingenie, a British insurance broker that in partnership with Aviva is targeting young drivers with offers of substantially lower rates and a rebate for good driving habits.


Ingenie founder Richard King says the entire business model is built around an a black box in the vehicle and an interactive mobile application. The technology provides constant feedback to young drivers and rewards them with further discounts of up to 25 per cent, paid immediately, based on reviews of their driving actions every 90 days.


The system is an extension of what’s called telematics — capturing data in real time, then applying an algorithm to analyze and flag behaviour. This concept of User Based Insurance (UBI) was introduced a couple of years ago to the Ontario general insurance market. But this is the first time a broker and underwriter have specifically targeted young drivers in Canada.


Instead of being rated against a sea of data from all drivers in their class, they are rated on their own performance.




“We’re here because we can see young Canadian drivers are discriminated against and that’s why they continue to have to be on mom and dad’s insurance and can’t get their own vehicles,” King says.


Ingenie is confident that results here, based on existing data and research, will match those in Britain, where the firm has operated since 2011.


Ontario’s status quo means that all drivers younger than 25 are considered high risk if they want to insurance their own vehicles, often regardless of the type or age of vehicle.


Young drivers are burdened with statistics showing auto collisions are the leading cause of death for those aged 15 to 24. The age group accounts for about 12.5 per cent of vehicle fatalities across Canada. Collisions — safety experts don’t use the word accident anymore — are most often caused in this group by distractions such as texting and phone use, particularly if there are other kids in the car. Some 30 per cent of incidents result from alcohol. Also high on the list is collisions from marijuana use.


Speeding, lack of seat belt use, driving at night and fatigue are also common elements.


Britain’s driving data closely mirrors Ontario’s experience; 95 per cent of collisions there were caused by a poor attitude to risk.


What Ingenie seeks to do is monitor, correct and reward behaviour to change those stats. Its box device plugs into the vehicle ODB (On Board Diagnostics) port and synchs with a mobile device. The system tracks acceleration, braking, cornering, speed and other metrics.


King says because tech-savy youths tend to constantly download their driving data and respond by adapting their habits to what they learn.


“It’s not just that data,” says King. “What the system looks for is smoothness in operating a vehicle.” That’s a better measure of driving safety than just accelerating to get onto a highway once or twice or braking to avoid a taxi that is cutting off a vehicle.


“The thing about young people, especially teens, is that the frontal lobe of the brain isn’t fully formed yet,” King notes. Their evaluation of risk and control of impulse isn’t as developed. “But they can learn and we can teach them to be better drivers, unlike an adult of 45 whose driving DNA is locked in.”


King says the system has a good idea after just 65 kilometres as to the attitude and risk the driver exhibits.


“They get a score of 1 to 100 as to how they are doing and it really works,” he says. Those who drive recklessly get email messages with positive tips on lowering their scores. If the poor pattern continues, drivers may end up with a telephone counseling session with a psychologist trained in driving behaviour.


Ingenie is also looking to partner with other underwriting companies in Ontario and is looking at expanding elsewhere in Canada and the United States.


King is confident the system works, based on the 250 million miles of data its amassed. Ingenie claims its system reduces crash risk by 40 per cent and reduces dangerous driving incidents by 21 per cent among the age 16-to-24 group. Ingenie also claims a 50 per cent drop in crash risk after one year of system use.


With average insurance policies of around $3,000 in the U.K., it’s no surprise half of young drivers there are opting for a telematic-driven insurance policy. Roughly 70 per cent of them get a discount in their first year.


“I would definitely look at something like this,” responds Hoy. “My driving habits are so much better since I got my full G license and I would do anything to reduce the cost of insurance. It really sucks right now.”



Edit

http://www.pressreader.com/canada/toronto-star/20150307/283759902515778/TextView

Maybe of future interest:

Richard King
‏@ingenie_Richard Google launches its long-anticipated comparison website for auto insurance in California http://nyti.ms/18UQNlB via @nytimesbits

https://twitter.com/ingenie_richard

Google Introduces Long-Anticipated Insurance Shopping Site

Designed exclusively for young drivers, ingenie car insurance launches in Ontario
Canada NewsWire
TORONTO, March 9, 2015

- ingenie's approach to auto insurance has a proven track record of reducing collisions and cutting insurance costs -

- Young drivers are given a 10% up-front saving for choosing telematics, with the opportunity to earn up to an extra 25% Good Driving Discount. Online quotes are now available at www.ingenie.ca/

TORONTO, March 9, 2015 /CNW/ - Eighty per cent of young drivers in Ontario say it's unfair that young people pay higher car insurance rates. Now, auto insurance brand ingenie is taking the side of young drivers to help tackle the problem. ingenie is available exclusively to Ontario drivers aged 16 to 24, designed to help them become better, safer drivers and reward them with Good Driving Discounts.

"Traditionally, young drivers have been discriminated against and treated as a high risk by the insurance industry. ingenie is all about providing auto insurance specifically designed for young drivers," says Richard King, ingenie founder and CEO. "We help young drivers develop a good driving style, then reward them for how they actually drive, rather than treating them as a statistic."

In the U.K. where ingenie has been available since 2011, the approach has reduced young drivers' risk of having an accident during the first six-months of driving by 40%. Seventy per cent of ingenie's U.K. drivers earn discounts for safe driving.

Young drivers insured by ingenie install a Smartbox in their car, which builds a picture of their driving style based on indicators such as speed, acceleration, braking and cornering. Customers receive feedback on their driving every 10 days through the ingenie app or online at ingenie.ca. The feedback includes a driving score out of 100, tips on how to improve their driving and the amount they are on track to save through their Good Driving Discount.

Compared to traditional insurance models where drivers would have to wait until the end of the year to see a discount, with ingenie young drivers can earn their Good Driving Discount three times a year – up to 25% off a year in total. This helps to overcome the biggest hurdle between young drivers and car ownership; young drivers in Ontario say the cost of insurance is the biggest barrier to owning a car (60%), even more so than the up-front cost of buying a car (54%).

"This regular feedback and financial incentive can reduce insurance costs and is proven to help young drivers develop safe driving habits. In fact, in the U.K., over 90% of drivers regularly engage with their driving feedback to see how they're driving, find tips to help them improve and check how much they're on track to save. They are safer drivers as a result and proven less likely to be involved in a collision," says King. "We're excited to launch in Ontario as we are confident ingenie can reduce the number of young drivers involved in accidents and help make their auto insurance more affordable."

How ingenie works

ingenie is the first broker to allow young drivers to get an auto insurance quote, see how much they could save by driving well and quickly complete their purchase online. They also have the option to speak to an ingenie advisor if they have any additional questions.

After signing up with ingenie, drivers are sent a Smartbox, a small self-contained unit, which collects data on driving behaviour. Drivers can install the Smartbox easily on their own by plugging it in to their car's OBD (Onboard Diagnostic) port. Soon after beginning to drive with the Smartbox, customers can review their regular feedback, driving score and possible Good Driving Discounts in the ingenie app or online.

Watch our video to see how ingenie works.

About ingenie

ingenie is an innovative young driver insurance brand that uses telematics technology to reward safe driving with savings. ingenie builds a picture of a driver's individual style, awareness and safety on the road, rewarding those who drive well with up to an extra 25% Good Driving Discount and helping those who need improvement become safer.

ingenie was awarded the prestigious Prince Michael International Road Safety Award in 2013, in recognition of its work to help make young drivers safer on the road. Among a number of industry awards, ingenie has won best start-up at the 2014 British Insurance Awards and insurance innovation of the year at the Insurance Times Awards.

There is more information about how ingenie has improved young drivers' driving habits in the U.K. in the ingenie Young Driver Report.

About ingenie's research on Ontario young drivers

Results for the ingenie study are based on an online survey conducted by Environics Research Group between February 9 and 17, 2015. A total of 500 interviews were conducted with licensed young drivers aged 16 to 24, living in Ontario.

SOURCE ingenie

Image with caption: "ingenie auto insurance is now available exclusively to Ontario drivers aged 16 to 24. To help them become better, safer drivers, young drivers insured by ingenie install a Smartbox in their car and receive feedback on their driving every 10 days with the opportunity to earn a Good Driving Discount three times a year. ingenie’s approach to auto insurance has a proven track record of reducing collisions and cutting insurance costs. Online quotes are now available at www.ingenie.ca (CNW Group/ingenie)". Image available at: http://photos.newswire.ca/images/download/20150309_C6266_PHOTO_EN_12909.jpg

Canada

New: Get your quote and buy online with ingenie
09th March 2015

We’re pleased to announce that young drivers can now buy insurance direct from ingenie.ca.

We're the first broker to let young drivers get a quote and see how much they could save by driving well, then pay online in just a few minutes. They also have the option of speaking to an advisor over the phone if they need more help.

ingenie is all about young drivers

We designed our insurance specifically for young drivers, allowing them to be treated as individuals and have more control over their insurance costs.

Using the ingenie Smartbox, we build up a picture of their driving style, giving feedback to help them improve and Good Driving Discounts of up to an extra 25% over the year. It's simple: drive well, pay less.

Why ingenie came to Canada

Road safety:

According to the latest Ontario Road Safety Annual Report, 22% of vehicle collisions involve a driver aged 16 to 20. Having proved in the UK that our Smartbox lowers the risk of having an accident by 40%, we're now bringing ingenie's road safety benefits to young Canadians.

Affordable insurance:

Ontario has also seen very high insurance costs for young drivers and 60% said this was the biggest reason for not buying a car, so we wanted to give under-24s here a way of getting on the road more affordably.


Traditionally, young drivers have been discriminated against and treated as a high risk by the insurance industry. ingenie is all about providing auto insurance specifically designed for young drivers.

We help young drivers develop a good driving style, then reward them for how they actually drive, rather than treating them as a statistic.


Richard King
ingenie founder

Canada

A unique proposal for young drivers
March 11, 2015

Founded in 2011, ingenie is ready to try and repeat its U.K. success in Canada.



Hey young drivers and parents - how about a break on your auto insurance?

Coming to Canada in March is ingenie, which is a U.K.-based insurance company that specializes in backing drivers aged 16-24.

Founded in 2011, ingenie is ready to try and repeat its U.K. success in Canada.

Underwritten by Aviva Insurance, the company uses new technology that sees drivers plug an Internet-connected device into their vehicle. While far from the first company to offer discounted insurance rates based on your driving style, they're the first to target young drivers.

I sit down with the company's founder and CEO, Richard King, to learn more.

Plug the Smartbox into a port in your vehicle, install the accompanying app onto your iPhone or Android mobile device, and let the tracking begin. That's the key here - you're trading your driving information for lower rates.

Like ingenie's tagline says: "drive well, pay less."

Drivers get 10% off by signing up, and save up to 25% during the year by proving they're driving safely. If they're not, though, then the prices increase.

The Smartbox tracks your start and end points, but more, it monitors the driving style you used to get there, charting things like speed, braking, accelerating, and cornering. Your style will be ranked on a 100-point scale, in addition to feedback that arrives every 10 days, and that is displayed within the app.

It's possible to earn a dangerous driver reputation, which shoots you to the top of ingenie's watch list. If that happens, your phone will ring and a psychologist will be on the other end, who will talk to you about why you're driving like a jerk and endangering others.

According to ingenie, it's working. In the U.K., one out of every eight young drivers enrolled with ingenie is averaging a crash, compared to the national average of one out of every five. King attributes this to the performance-based financial rewards as much as the constant feedback on their driving, saying the typical user checks their account 14 times per month.

I tell King that “that's a lot of data you now have on me. What are you doing with it and how is it protected?"

I'm assured the data will only be accessed by the underwriters, will not be shared with any third parties, will remain on a server farm located within our Canadian borders, and won't be given to the police.

Eyes still narrowed, I tell King my idea (which I'm not sharing here) on how to defraud the system, and he smiles. They've thought of it, and have in place a few more ways to know if you're trying to cheat the system.

The Canadian arm of ingenie launches first in Ontario, and says it expects to launch in other provinces, but needs to work through some red tape before anything can be confirmed.

I'll have the chance to test the Smartbox in the coming weeks, so watch for an upcoming column about that.

Relates to the interview in the post above:


Richard King @ingenie_Richard
· 12 mins 12 minutes ago
Great to talk cars with @Autonet_ca's @KeriBlog recently – oh and we may have touched on ingenie’s Canada launch too http://www.autonet.ca/en/2015/03/11/insurance-for-the-young---ingenie-arrives-in-canada …

https://twitter.com/ingenie_richard

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 12th March 2015:



Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.63%

Sub Total--------------------------------29,166,666-----------------6.63%

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

13 March 2015

Quindell Plc

Issue of equity

On 5 March 2015, Quindell Plc (AIM: QPP.L) announced the settlement of litigation (Laurence Baker, et al. v. Hassan Sadiq, et al. and NavSeeker, Inc. C.A. No. 9464-VCL, Court of Chancery of the State of Delaware USA) and the associated acquisition of 11.67 per cent. of Navseeker, Inc ("Navseeker"), not already held by the Company (which includes shares held by non-litigants to whom Quindell is required to extend the Navseeker purchase offer)("Settlement"). As part of the process to achieve full ownership of Navseeker, the Company further announces that it has today issued 832,946 new ordinary shares of 15p each in the Company ("Ordinary Shares"), in respect of the acquisition of a further 8.33 per cent. of Navseeker not already held by the Company.



Navseeker is a subsidiary of Himex Limited (a wholly owned subsidiary of Quindell) and following completion of this acquisition and the Settlement, Navseeker will be a wholly-owned subsidiary of Himex.



Application will be made for the 832,946 new Ordinary Shares to be admitted to trading on AIM "Admission"), with Admission expected to occur on 20 March 2015. Following Admission, Quindell will have 440,946,623 Ordinary Shares in issue. The Company has no Ordinary Shares held in treasury. The total of 440,946,623 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 FCA's Disclosure and Transparency Rules.

-ends-

http://www.moneyam.com/action/news/showArticle?id=4995221

Sunday Times today:

http://www.thesundaytimes.co.uk/sto/bus ... 531148.ece

Aussies close in on Quindell deal

Ben Harrington Published: 15 March 2015

AUSTRALIA’S largest law firm is on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.

City sources said Quindell’s board is on the verge of recommending a £640m cash offer from Slater & Gordon, which is listed on the Australian stock market.

Quindell’s legal services division provides solicitors and barristers to insurance companies when they receive claims from motor accidents.

In addition to the £640m up-front price, Slater & Gordon is expected to pay Quindell 50% of receipts from noise-induced hearing loss cases.

The receipts are expected to pay Quindell between £100m and £300m over the next three years, said one source. Slater & Gordon is understood to have completed due diligence on Quindell and both companies could announce a deal by March 23, when the Australian group’s “exclusivity” agreement runs out. Quindell and Slater & Gordon declined to comment.

If Slater & Gordon completes the takeover bid, it would mark a remarkable turnaround in fortunes for AIM-listed Quindell, whose travails have gripped the City over the past 18 months.

Its shares soared — at one stage it was on course to join the FTSE 250 — then slumped after an attack by a short-seller. A series of gaffes then led to the departure of chief executive Rob Terry in November. On Friday, Quindell’s shares closed at 98½p, giving the company a market value of £433m.

Cheers geoffsh.

Ben Harrington also owns/edits the 'Betaville' blog which in the past has reported on QPP and pretty accurately too. Time will tell but should be a positive lively morning tomorrow.

22 January 2015-Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 3

22 January 2015-Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 2

21 January 2015-Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division

Edit-Link to Sunday Times article

MPs question FCA over insurance outsourcer Quindell's share dive
Oscar Williams-Grut
Associate business editor
Monday 16 March 2015

Britain’s financial regulator is facing mounting pressure to reveal details of its investigation into a “deeply worrying” allegation of market abuse that left hundreds of retail investors with huge losses.

Vince Cable, the Business Secretary, and Andrew Tyrie, chairman of the Treasury Select Committee, have written to the Financial Conduct Authority (FCA) calling for information on its response to the share price collapse of the insurance outsourcer Quindell last April. A number of other MPs and hundreds of investors have also petitioned the watchdog.

In a letter seen by The Independent, Mr Cable said allegations of “potential market abuse” raised by a constituent were “deeply worrying” and posed questions to the regulator about its response to the incident.

The value of Quindell, listed on the Alternative Investment Market, plummeted by £1bn last year after a US short-seller published allegations about the business online. The company denied the claims and won a court case in the UK against the short seller, which failed to provide a defence. But the shares have not recovered, and Quindell’s investors, most of them individuals rather than institutions, have been left with hundreds of thousands of pounds worth of losses.

The Quindell Shareholder Action Group (QSAG), which represents more than 1,000 investors, believes the company could have been a victim of market abuse and has been calling for the FCA to investigate. But the group claims to have been stonewalled by the watchdog, which will not even confirm whether it has looked at the incident.

A spokesperson for the QSAG said: “We raised 15 questions with the FCA and they’re refusing to answer any of them. This is tantamount to a burglar robbing your house and the police saying, ‘We might investigate this or we might not, but if we do, we can’t tell you the outcome.’ That’s ridiculous. This is an organisation that’s supposed to protect investors.”

The FCA only reveals details of investigations if wrongdoing is uncovered and once they are concluded, so as not to unduly affect a company’s share prices.

Mr Tyrie has written to the FCA’s chief executive, Martin Wheatley, asking him to explain why the regulator did not impose a temporary ban on short-selling despite the fall triggering alarm bells.

The former secretary of state Peter Hain has also written to the regulator, and this week submitted two questions to the Treasury on the matter. He told The Independent: “It is scandalous that thousands of Britons who invested in Quindell, many of whom put their life savings into this company, have seen the value of their shares plummet. The FCA has failed these investors abysmally and continues to duck its responsibilities, with the Chancellor unwilling to intervene.”

An FCA spokesperson said: “We take all allegations of market abuse very seriously. Every allegation notified to us is reviewed by our market monitoring department. However, we do not comment on individual cases.”

what a good day - WHAT!?

looks like a classic buy on rumour sell on news so far ;

Quindell confirms discussions with Slater & Gordon

StockMarketWire.com

Quindell (AIM: QPP.L) has commented on an article in yesterday's Sunday Times and confirmed that it remains in discussion with Slater & Gordon ("SGH") regarding the possible disposal of the professional services division ("PSD") of the Group.

The company said that a number of deal structures have been discussed with SGH including one with an up front value of £640m and a share of receipts from settlement of noise induced hearing loss cases.

However, there can be no certainty that these discussions will lead to any offer, or the disposal of the PSD division.

At 11:52am: (LON:QPP) Quindell Plc share price was +26p at 125.5p

http://www.moneyam.com/action/news/showArticle?id=4995964