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

At last, one of my better moves.,.

That was out on the 18th Feb Greyhound .

Correct, refreshed with today's date on Bloomberg (for some reason)

Rampers.

You might want to read today's Shares mag, a few small mentions.

Dil, my comment was intended to be factual. Something appears to have changed date wise with Canaccord's update. I'd happily post lower target prices if that were true.

The ramp appears to have tipped the other way and down she goes..... for now.

Quindell Plc

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



Equity goes live with Challenger Claims and Challenger Policy



Quindell 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 Equity Insurance Group (Equity) has gone live with Quindell's Challenger Claims, Challenger Policy and Challenger Intelligence solution, which provides a fully web-enabled end-to-end policy and claims solution for insurance businesses as well as comprehensive business intelligence.



Equity has been providing insurance products for more than 60 years. It is the largest motor syndicate at Lloyds' and is one of the top ten motor insurers in the UK. It offers a diverse range of products, including private car, classic car, van, motorcycle, taxi, minibus, fleet, haulage, agricultural vehicle, motor breakdown, and personal accident. Equity delivers quality insurance solutions with market leading performance based on careful segmentation and targeting



Quindell won the contract to replace Equity's legacy systems following a competitive tender and extensive review of the marketplace. Challenger's rich functionality, cost benefits and ability to be deployed quickly were key factors in the selection.



Challenger Claims was implemented in December 2013 and currently has over 200 users managing their motor claims portfolio, increasing throughout the first half of 2014. Challenger Policy went into production in January 2014 for quotations and new business with further releases planned in the first half of 2014. Challenger Intelligence was deployed at the same time as Challenger Claims, to provide comprehensive business intelligence and management reporting.



Challenger solutions are recognised by Celent analysts as being as one of the most user friendly and comprehensive solutions available on the market today.



Rob Terry, Founder and Executive Chairman of Quindell, said: "I am delighted to report that another implementation of Quindell's Challenger solution, this time for Equity, has already been highly successful and delivered tangible returns for their business. The Challenger technology, a powerful combination of business-managed functionality and a structured approach to technology, is one of the most advanced products in the market. Our work with Equity clearly illustrates the effectiveness of our technology for business critical solutions and we look forward to continuing our work with them to help reduce both their administration costs and their cost of claims."



Tim Yorke, the COO of Equity Insurance Group commented: "We have developed a close working relationship with Quindell and have been impressed with both their people and their software. Our success will be driven by our ability to exploit technology in an agile manner to enhance our value proposition to brokers and customers, manage our costs, and deliver service and technical excellence. The Challenger Solution provides a platform for us to achieve this, and is already proving invaluable to the business.

Wow 3 lots of 22 million seeks after bell. 1st time for a very long time sells outdone buys on this stock !

hope 37p continues to hold......

Explains why today SP stayed low but some short term traders will be worried.

How do you know they are sells ?
Either way the sp held well.

No news about that I can find.,.

Lol . who the feck is plumbum ... where have you turned up from ?

Troll alert , must be that time of year.

... and if they are sells someone bought them and vice versa.

Dil sorry did I misquote any facts from yesterday happy for u to correct me.

And it's Pumben

Thanks

No you just posted half a story.

New Contracts and Results Date

Quindell 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 new contracts for its Services Division and the date of the Group's Preliminary Results announcement.

· Preliminary Results announcement date confirmed as 31 March 2014

· Post fundraise organic growth target of £450 million exceeded by £30 million

· Trading in Q1 2014 ahead of plan for all key performance indicators

Both the Group's Full Premium Listing and its audit by KPMG are progressing to plan. The Group confirms today that it will be announcing its Preliminary Results for the year ended 31 December 2013 on 31 March 2014. This timing has been chosen to coincide with the end of the Group's first quarter of 2014 to enable the Group to provide further guidance on its Q1 trading. At this time, the Group will also outline the significant progress being made in relation to its collaboration models which further improve the operating cash flow of the Group and deliver significant benefits for the industry by driving down the cost of claims. Trading in the year to date has been ahead of plan for all key performance indicators, being profitability, cash generation and EBITDA margin.

The Group has previously reported that the total additional new business confirmed since the start of 2014 is in excess of £350 million. The Group is now pleased to confirm that its target of £450 million per annum to be contracted by the time of announcing its 2013 results has now been exceeded with a final £130 million of new annual run rate revenue now contracted beyond that previously announced, with margins ahead of guidance. These new contracts are expected to reach full run rate during the first half of the current financial year.

Rob Terry, Founder and Executive Chairman of Quindell said: "The Board is pleased to be able to confirm that the Group has now achieved the organic growth potential indicated at the time of its £200 million fundraise in November last year. This growth has been achieved whilst being selective about the type of new business we have contracted to ensure the best quality of work, margin potential and cash performance for the Group whilst maintaining our focus on driving down the cost of claims, protecting consumer rights and ensuring the best possible customer experience.

The mix of business that has now been contracted and that can be generated through our own direct and indirect consumer channels ensures that the Group shall have no reliance on any single segment of the market, type of work or referral partner to deliver on its longer term growth potential. The performance in Q1 to date validates this strategy for growth with current performance trends demonstrating the potential for the Board increasing its longer term margin guidance as we proceed through the first half of this year."