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

Thanks Dil, spot on.
2517

Gotham appear to be thorough, there are 74 pages of detailed analysis to support their view, confess to not reading it.
2517

Stay clear George EK is short.. target is 10p.

Agreed mitzy , damaged goods now similar to BLNX.

Why damaged goods Dil ?? because of a report by someone with an interest in the stock falling ,or does their report show something you didn't know ?
I'm out totally at the moment so will be watching to see if it's worth going back in at some point .

I have to say that Gotham do not appear to be a legitimate bunch. From what I have seen, the information about them on their own website is, at best, very scant. I wouldn't trust them but do I trust Quindell? Not sure yet!

Once the seeds of doubt are sown jimmy b the damage is already done.

I skim read up to page 55 and if correct then there's a lot of smoke and mirrors. Got caught with a few on my hands but dumped then asap for 25p.

Be interesting to see how detailed this weeks rebuttal is from the company.

Cheers Dil ,
i wonder if they get hammered some more like in May last year and we can get back in for another double bagger .

Quindell shares crash 50pc on damning Gotham note

City reeling as disputed US research strikes again

Damaged done on another of those short takers report

bounce on the way today, when was hopping to go further down at the start and then pounce

bought some under 26.75p

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Be interesting to see if this now comes back over the coming weeks or goes the way of BLNX.

always hard to know as it was similarly easy to get caught out when blnx bounced and then slumped anew .... very much a case of watching like a hawk and not being too greedy

Had an average of 18p but paniced yesterday and sold out for small profit, like panto expected a further fall today and have a buying opp, now dithering as to buy back in or wait and see.,.

I sold half of my remaining shares earlier @26p and may well sell the rest today.

AV buying price @8.95p

Is doing the job that is suppose to do, bounce back,

How much will be the case of the company clarifying the situation and howmany of the shorters panicking sooner rather than later

From a poster on another bulletin board:

'The Sting' starring Robert Redford and Paul Newman has always been among my favourite movies. Yesterday the stockmarket equivalent took place for real, when a bogus organization (the joker even used Batman's fictional Gotham City in its title) published a 74-page 'research note' featuring outdated and false information in a fierce attack on the UK company Quindell (QPP).
Thanks to the internet, they were able to circulate it globally within minutes of publishing at noon, causing panic that crashed the share price 50% in less than an hour.
The share price regained some of its dive, and continues to creep back up this morning, but the perpetrators (whose net presence is merely a Wordpress blog) will have pocketed a fortune from downbets, and will likely be out of reach of UK stockmarket regulators.
Like many shareholders who took a hit, I ain't pleased(!), but I am able to grin at their audacity. The fact that it worked so well will doubtless prompt copycat attacks on other companies.

Up and down like a brides nightie !!

the problem with such a heavily documented smear, is that it is well nigh impossible for the target to refute let alone alone demolish the allegations even where the perpetrators admit to being shorters of the stock in question ......

BLNX have had exactly this problem, with the result that no one now actually knows whether or not the smear had real foundation

I disagree cynic in the case of QPP.

Each and every claim should be easily refutable but my best guess is a lot of the claims are correct and therefore can't be refuted.

As I said yesterday it will be interesting to see how detailed the rebuttal is. A 2 page rebuttal of a 74 page document won't be acceptable.

i confess it is not even a stock i knew existed until yesterday, but i'll prob watch out of idle curiosity as i do CONCH and BLNX

as it stands, QPP order books are evenly balanced