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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 - 12 Mar 2015 10:11 - 75 of 180

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

banjomick - 13 Mar 2015 09:19 - 76 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 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

banjomick - 13 Mar 2015 12:08 - 77 of 180

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

geoffsh - 15 Mar 2015 09:29 - 78 of 180

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.

banjomick - 15 Mar 2015 10:46 - 79 of 180

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

banjomick - 16 Mar 2015 09:34 - 80 of 180

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.”

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deltazero - 16 Mar 2015 12:24 - 81 of 180

what a good day - WHAT!?

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

banjomick - 16 Mar 2015 12:40 - 82 of 180

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

banjomick - 16 Mar 2015 20:11 - 83 of 180

Quindell nears law arm sale
By Harriet Mann | Mon, 16th March 2015 - 16:52


Quindell (QPP) has confirmed that it could sell its legal professional services division (PSD) to Australian law firm Slater & Gordon for £640 million in cash plus a share of receipts from the settlement of Noise Induced Hearing Loss cases. That could eventually value the division at £900 million. The news comes amid reports that business secretary Vince Cable has called on the Financial Conduct Authority to reveal more details about its investigation into Gotham City Research and allegations of market abuse last year.

Responding to weekend press speculation, Quindell said Slater & Gordon could pay the bulk of any consideration for PSD upfront, with receipts on top. According to the Sunday Times, those receipts could be worth £100-£300 million over the next three years.

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.

"Quindell confirms that a number of deal structures have been discussed with SGH including one with an up-front value of £640 million and a share of receipts from settlement of Noise Induced Hearing Loss cases," read a brief statement on Monday.

As is usual in these cases, Quindell warned the market that nothing was certain. However, if Slater & Gordon does pay up, the implication is that the Aussies were happy with their own checks into accounting policies at the business. If Quindell has been consistent across the business, investors will become increasingly confident that a review being conducted by accountancy firm PwC will not reveal any nasties.

PwC said a fortnight ago that it needed another "few weeks" to complete its review, over three months after it began digging around. Quindell said it is considering advice about its main accounting policies, particularly on revenue recognition in the professional services division, although no conclusions have been reached.

Quindell shares shot up by a third on Monday to a three-month high at 134p, kissing the 200-day moving average for the first time in almost a year.

Elsewhere, Vince Cable and chairman of the Treasury Select Committee Andrew Tyrie have written to the FCA asking for more information on its response to Quindell's collapse in market value last April, the Independent has reported. The case has already been to court, a hearing Quindell won when Gotham failed to provide evidence.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.


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investor48 - 17 Mar 2015 14:06 - 84 of 180

Off the radar guys same idea telematics.


As foretold now give us the porsche update

Techinvest TIPS FOR 2015 Starcom (#STAR; AIM) Starcom (STAR; AIM) 14.5p

The shares climbed 258% on the day the

Company announced its selection as official

partner to the largest Porsche dealership in

Germany, Porsche Zentrum Baden Baden.

Under the agreement, Starcom’s Helios TT

vehicle tracking system will be offered as a

dealer-fitted extra. Starcom hopes that other

dealerships in Germany will sign similar

agreements.

Avi Hartmann, CEO of Starcom,

commented that “this could be the recognition

Starcom needs to become a major force in the

European telematics market”.

We concur. Speculative add

http://www.techinvest.ie/downloads/sample.pdf

http://www.ryansolutions.eu/en/products/tracking-systems/starcom

banjomick - 18 Mar 2015 09:22 - 85 of 180

T.J. Donnelly ‏@TjDonnelly · 13h13 hours ago
.@StudentLifeNet Free Ride is live. Car & expenses paid. Thanks to our friends @ingenie_ca http://freeride.studentlifenetwork.com

http://freeride.studentlifenetwork.com/

also

https://twitter.com/ingenie_richard

banjomick - 18 Mar 2015 11:44 - 86 of 180

IBAO: Insurance Brokers Association of Ontario
21 hrs

The January/February issue of The Ontario Broker is here! This issue features several amazing articles, including one with a special message from IBAO President, Michael Brattman. http://ow.ly/KoPmp

IBO-S0115-cover-400x535.jpg

banjomick - 18 Mar 2015 12:43 - 87 of 180

Noise-induced hearing loss a disease, High Court rules
17 March 2015By John Hyde

The High Court has ruled that noise-induced hearing loss (NIHL) should be treated as a disease rather than an injury for the purpose of claims – and therefore be subject to higher success fees.

Mr Justice Phillips said four claims by former employees of BT should attract a solicitor’s success fee of 62.5% as their condition was regarded as a disease.

The claims, which had been settled, dated back to before the Jackson reforms and so success fees were recoverable by the claimants’ representatives from Cardiff firm Hugh James.

BT’s in-house team argued the noise-induced hearing loss claims should be treated as an injury according to the Civil Procedure Rules and subject to a 25% success fee.

Phillips said both claimants and defendants had accepted NIHL as a disease following an industry ‘settlement’ in 2005.

But the defendants’ stance changed from October 2012 when a ruling on non-freezing cold injury found it was classified as an ‘injury’ for the purposes of the success fees recoverable.

BT argued that the same principles involved in that case could be applied to NIHL as the condition was caused by immediate physical trauma, rather than a disease in any natural or ordinary sense.

But Phillips rejected that assertion and pointed out that occupational deafness has been ‘expressly defined’ as a disease through subordinate legislation since 1975.

He added: ‘[The] defendant’s insurers’ attempt to re-open (if not renege on) the industry agreement made in 2005 does them little credit. The large number of NIHL claims in which the argument about the success fee has been raised will have been funded by conditional fee agreements which were entered on the basis that a 62.5% success fee would be recovered.

‘To seek to limit such success fees to 25% is an opportunistic attempt to avoid part of the overall bargain.’

A spokesman for Hugh James said had the challenge been successful it would have resulted in uncertainty for many noise-induced hearing loss claimants.

‘The risk involved in conducting such a complex claim would mean that many could no longer be fought on the basis of risk, severely hampering access to justice for thousands.’

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banjomick - 19 Mar 2015 16:15 - 88 of 180

This offer for the Vauxhall ADAM was announced last month but just highlighting this advert which is dated today:

Young Drivers On The Road For Less
Article by luke.mezzone@cmsk.co.uk
March 19th, 2015

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 6 th 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.

They will receive a score from ingenie every ten days or so (depending on mileage) via a smartphone app. If they drive well, they will be rewarded with up to £33 per quarter – meaning they could recoup the cost within 12 months.

“We’ve made it our mission to help get young drivers on the road without breaking the bank, and most importantly to keep them safe while they’re there,” said Richard King, founder and CEO of ingenie.

The offer is available on JAM, GLAM, SLAM, ROCKS and ROCKS AIR models in the ADAM range, with only the ADAM GRAND SLAM excluded. However, Vauxhall is making the GRAND SLAM as affordable as possible with a 2.9% flexible PCP contract offer, so drivers can get behind the wheel for just £199 per month with a deposit of £2,572.35.


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banjomick - 20 Mar 2015 08:14 - 89 of 180

Possible future interest:

Pete Karageorgos @PKarageorgos
· 15 hrs 15 hours ago
Good meeting with @ingenie_Richard of @ingenie_ca today! Innovative product for young drivers.

(Pete Karageorgos

@PKarageorgos

Director, Consumer & Industry Relations - ON, Insurance Bureau of Canada. Father, Husband, Youth soccer coach, Comm. & Ins. professional. Opinions are my own.

 Toronto, Ontario
)

https://twitter.com/PKarageorgos

banjomick - 20 Mar 2015 08:31 - 90 of 180

ingenie Canada Inc. chooses Keal Technology as its Broker Management System Provider

Toronto, ON (Mar. 19, 2015) – Keal Technology, innovators in broker solutions, have announced that ingenie Canada Inc., an insurance telematics brand for young drivers, has selected Keal's SIG solution to support its newly launched online quote and buy system.

ingenie allows young drivers to be treated as individuals by use of its Smartbox telematics technology, which builds a picture of how they really drive. Customers are given a 10% up-front saving when they buy insurance with ingenie, and the opportunity to earn up to an extra 25% Good Driving Discount. Billing is reviewed three times each year, which means customers can start saving after just three months. Additionally, they receive regular driving feedback online or via their mobile app to help them improve.

Keal's SIG solution was chosen by ingenie as their Broker Management System. Working with ingenie's real time quote and buy website, SIG works behind the scenes to allow customers to gain a quote and then bind the policy online, capturing all of the customer information for the brokerage records. Payment can be taken via a number of methods, including credit card. SIG then integrates with Aviva's systems to send the policy information to them, which returns a policy number in real time into SIG.

Lorie Phair, CEO of ingenie Canada Inc., speaks to their decision to choose Keal, "The new ingenie quote system is the first to give young drivers the flexibility to get an insurance quote, check how much they could save by driving well, and then complete their purchase online. We chose Keal because they are the only vendor that would be able to quickly create the integration between prospects to insurer with the support and control of the brokerage."

Pat Durepos, President of Keal, states: "This solution is a great example of what e-brokers require in 2015. Consumers want to transact electronically from any device, 24/7 and 365 days a year. They also want to do this under the comfort of their trusted advisor Broker. This solution makes this a reality."

Keal's ability to respond to their Broker-Partners' changing needs opens the door to future development projects and innovations that will allow their clients to remain relevant in an ever-changing marketplace.

About Keal

Keal Technology is the expert in Canadian broker innovation and a leader in the BMS (Broker Management Systems) and CMS (Commercial Management Systems) marketplace for insurance and financial services brokers. They offer an integrated suite of products designed to increase revenue through efficient use of technology. For more information, visit www.keal.com.

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.

SOURCE: Keal Technology

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banjomick - 20 Mar 2015 08:39 - 91 of 180

Young driver conference fully subscribed
Thursday 19th March 2015

YDF-LOGO-new.jpg

A conference devoted to the challenge of reducing collisions involving young drivers, to be held in London next month, is now fully subscribed.

Young Driver Focus, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April. The event is sponsored by ingenie and the venue provided courtesy of the RAC Foundation.

The capacity for the venue is 150 delegates which was exceeded more than a month prior to the event taking place.

The conference comprises four sessions looking at young driver research and interventions, the use of telematics to influence driving behaviour, and the driver training process – plus an expert panel discussion.

The conference will open with an address by HRH Prince Michael of Kent GCVO and the speaker line up includes: Professor Stephen Stradling (Edinburgh Napier University), Michael McDonnell (Road Safety Scotland), Richard King (ingenie), Ian Edwards (eDriving Solutions) and Dr Shaun Helman (TRL).

The inaugural FirstCar Young Driver Road Safety Awards 2015, sponsored by ingenie, will also be presented at the conference. The awards have received a total of more than 50 entries across the three categories.

James Evans, FirstCar’s founder, said: “We are delighted with the level of interest in the conference and the commitment from within the road safety profession to reduce the number of collisions and casualties among young drivers.

“We are also surprised and delighted with the number and quality of entries we’ve received for the FirstCar Young Driver Road Safety Awards. The interest has far exceeded our expectations. The judges face a challenging task in selecting the winning entries from such a high quality field.”

Although the event is fully subscribed, anyone who would like to attend can complete the booking form and will be offered a place in the event of a cancellation.
- See more at:
http://www.roadsafetygb.org.uk/news/4260.html#sthash.KCiuOy4k.dpuf

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http://www.roadsafetygb.org.uk/news/4260.html

aldwickk - 20 Mar 2015 16:40 - 92 of 180

https://www.youtube.com/watch?v=ADL5qPxFehM

banjomick - 20 Mar 2015 17:46 - 93 of 180

Cheers aldwickk, pretty balanced view.
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