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

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(the joker even used Batman's fictional Gotham City in its title) published a 74-page 'research note' featuring outdated and false information in a fierce attack on the UK company Quindell (QPP).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

QPP?

I agree Dil it will be interesting to see the response , in the meantime i expect fear and greed to swing the price up and down , i did well out of these but not for me at the moment.

He must be getting old skinny :))

getting confused with QPR no doubt :-)

I've done over a dozen trades since sept 2012 and come out with reasonable profits yesterday. I agree with jb and will stay out to see what happens. I still assume the fundies have not changed or have they? i.e. no smoke without fire as has already been said. I like shares with 3% to 6% growing divi. 8 of my 13 shares are in profit.

order book has switched about a bit with quite a lot more buyers than sellers (26.75 - 27.00) ...... it's just possible that there'll be some hefty bear closing within the next 30 minutes

if you're brave enough ......

In auction..

Marked down this morning.

clunk and still relatively few buyers

Detailed Response to Speculation

Further to the Company's announcement on 22 April 2014, the Board continues to consider the publication earlier this week by Gotham City Research LLC ("GCR") to be highly defamatory, deliberately misrepresentative and entirely rejects the conclusions that are made. The Board notes the short positions that were taken in the Company's shares prior to the publication by GCR and also the reference in the GCR report admitting to readers that they should "assume that, as of the publication date of the report, Gotham City Research LLC stands to profit in the event the issuer's stock declines". Legal action has already been initiated by the Company against those responsible for what it believes to be a coordinated shorting attack and reports are also being made on this activity to the appropriate regulatory authorities.

On 22 April 2014, the Company stated that it would prepare a detailed response to the GCR publication, which contained some 74 pages. The Company continues to work with its advisers and expects to post its response later today. A further announcement will be made at that time.

Lively day ahead. Good to see concerted efforts by QPP being taken.

it should certainly be interesting to watch
had rather expected a strong start, but that has not materialised

Still over 4% declared short interest. I wonder who Roble S.L. are? They seem to be the main holders of short positions and have been since late march.

Harry - how old are those short figures?

On edit - don't worry.

I assume still current as the institutions involved would have to declare a change, either increasing or decreasing?