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

chart say's south at the mo but I hope your right chames.,.

.

There was manipulation of first class on the order book this afternoon after it went higher on the day, from being strong on the bid side, to suddenly many trades being withdrawn and share price moving south and the MMs following each other on marking their prices also lower.

At the end it was so negative on the bid side that there was no "AT" for the last 15 minutes, though there was in total 1M buys and the normal UT at 16.35 did not appeared either.

Major UK Contract win

Quindell Portfolio 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 the signing of a new five year contract, with on-going maintenance and support, for its market leading ICE Challenger software suite of Policy, Claims, Analytics and Napier rating engine, with one of the top ten UK motor insurers.

The signing of the contract follows a competitive tender and included extensive evaluation and proof of concept.

The initial licenses and maintenance are worth circa £3.5million with multi-million pound service revenues and on-going support during the minimum five year term.

The contract will see Quindell provide the insurer with a complete integrated technology platform for its UK operation. The initial benefits from the implementation of the Challenger ICE Solution Set will be significant indemnity spend savings and increased productivity and these will commence in the latter half of 2013. Challenger ICE Policy will provide the insurer with the ability to design and launch products within days if they so choose.

The Quindell Challenger ICE Solution Set provides a fully web-enabled end-to-end policy and claims administration solution for all lines of general insurance business. The solution enables automation of current manual processes to improve accuracy, faster settlement and more effective customer service together with management information and real-time analytics to assist in managing the client's business.

Quindell's software was recently recognised among the leading European providers of Insurance Claims Systems in Celent Claims Systems Vendors: European General Insurance 2012.

Robert Thomson, Chief Executive Software and Consultancy Solutions Division of Quindell, said: "Quindell's strategy for technology has been planned over a significant period of time and is now having real traction in the marketplace. Our solutions can be implemented quickly, giving control to the business user to manage the system going forward. This contract for all of our technology components with such a large UK insurer validates our strategy. We are delighted to have the insurer as a customer and look forward to a successful implementation, providing them with the platform for the successful development of their business."

Some of the MMs most likley knew something of today's news, by the way they were behaving late yesterday.

Positive news and good reaction on the share price

Quindell Portfolio signs up top ten motor insurer
By Philip Whiterow May 22 2013, 8:13am
Initial licences and maintenance are worth £3.5mln.

Quindell Portfolio (LON:QPP) has signed up another UK insurer for its car accident claims softwarepackage.
The five-year contract, with the unnamed top ten UK motor insurer, is for Quindell’s ICE Challenger software suite of policy, claims, analytics and Napier rating engine products.
Initial licences and maintenance are worth £3.5mln with revenues for service and on-going support expected to be worth “multi-millions”.
Quindell said the contract followed a competitive tender and included extensive evaluation and proof of concept.
It is the second major deal the Fareham-based has signed recently for its ICE Challenger suite after it tied up a five-year deal with the RAC in April.
Since then, however, the group has been forced to defend its financial position after the shares halved, which the company blamed on mis-information and short selling.
Robert Thomson, Quindell’s head of software said today: “Quindell's strategy for technology has been planned over a significant period of time and is now having real traction in the marketplace.”

proact iveinvestors - Quindell Portfolio signs up top ten motor insurer

From this week's IC:
"Rob Terry, chairman & CEO, at insurance claim outsourcer QPP bought 1,000,000 shares along with Laurence Moorse the finance director, who purchased 250,000 shares, both at a price of 8p. The purchase on 14th May came a week before the announcement of a contract win which lifted the sp to 9p.
But the shares are now a long way from the highs of around 17p in january of this year. The outsourcing group has grown rapidly through acquisitions over an 18 month period funded by some £90.9m raised from investors. However, doubts persist in the market over the integration of motor insurance claim handling and car hire group Ai Claims, solicitors Pinto Potts & SilverBeck Rymer, Mobile doctors and a number of smaller technology deals.
We advised taking profits at 13.25p on 2nd Nov 2012 from our original tip, pocketing big gains for investors. Following the release of full year results, we made the shares an outright sell at 12.5p as we felt there was too much risk from rapid expansion. This proved timely as the shares slumped on investor uncertainty around cash collection and funding arrangemnets, combined with short sellers targeting the stock. We retain our sell recommendation."

Three year contract with Honda UK

Quindell Portfolio 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 a new agreement with Honda to handle a range of accident management services for the motor manufacturer's UK customers.

The three year contract follows a successful period of cooperation which started in January 2013 and with the opportunity represented with Honda as a major brand, we expect Group revenues to build to a significant level during the three year term, as under the terms of the agreement, Quindell will deliver a range of accident management services to Honda customers.

read my thoughts and research on QPP at

http://www.stockopedia.co.uk/content/quindell-a-great-british-innovator-and-job-creator-73640/

&

http://www.stockopedia.co.uk/content/who-is-the-real-growth-company-in-this-sector-73668/

Major Contract Wins

Quindell Portfolio 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 a significant contract win with another major UK broker.

The outsourcing agreement
Quindell has agreed to enter into an initial outsourcing contract to 31st March 2014 with a large UK broker underpinned by Quindell's market leading software, consultancy and technology enabled outsourcing services. The contract has a run rate of over £25 million per annum and further growth to be generated in line with the broker's business plan and mutually planned initiatives. Outsourcing with Quindell beyond March 2014 will be subject to a further contract.

The broker offers a broad range of products including auto, property and commercial. This significant new agreement will see the broker using Quindell's end to end proposition of a complete technology enabled supply chain offering for Personal Injury claims, Medical Reporting, Multi Disciplined Rehabilitation plus Auto Accident Repair including Vehicle Hire Services supporting the broker's goal of service excellence via every customer communication channel.

Having taken third party references and having worked directly with Quindell in the provision of legal services since January, the broker is more than confident in benefitting from a significant improvement in customer service compared with the levels of performance achieved previously. The Quindell service is offered is operated in an ethical manner and delivers a 20% reduction in the total cost of claims compared to industry norms. This is achievable by addressing the total cost of claims, including the provision of a quality legal and rehabilitation service for customers, rather than simply focusing on recovering and repairing customers' vehicles.

Further contract wins
The contract announced today, and in combination with a further seven significant contracts signed over recent weeks, should together increase the Group's run rate revenues in the region of £100 million per annum from July 2013.

Quindell the BULL versus the BEAR

In the December 2012 year end annual report and accounts for Quindell Portfolio (LON:QPP) on page 14, clearly stated are the words “During the year, the Group made loans to other parties of £15.1 million”


The bears would lead you to think that these loans were suspicious, something to worry about, they look for something to make you and me the BB morons nervous, they want us the private investors to panic and sell.

Bears create concerns over nothing with misinformation and not facts, I am a small private investor that operates on facts I research and check my information very carefully.

The bears rely on the fact that the average private investor won’t check facts for themselves, THEY SCAREMONGER as they have something to gain by driving the share price south and you facilitate it. They will tell you time and time again that they hold no position, and I believe this to be true. However for those writing the negative press do have gains to make, they get press coverage and that attracts a paid following, once these commentators are on the negative side there is a real reluctance to change their stance.

The loan is clearly listed in the Consolidated Cash Flow Statement on page 29 which confirms £15.1 million was lent out.

NOT HIDDEN, Do not listen to the bears read the report if you doubt me.

The loans were loans made during the year this does not mean they remained outstanding at year-end as is being implied by the bears. Remember bears create concerns over nothing with misinformation and rely on your fear.

My source has confirmed my understanding that not all loans remained outstanding at the year-end. FACT

My source then went on to confirm. “Loans outstanding to third parties in June are now less than £3m, all others are now settled, the loans nearly all related to businesses Quindell now own completely” FACT

At £15m or £3m as we stand in June anyone can see the level outstanding is hardly significant, especially when compared to Quindell’s cash and the balance sheet strength of Quindell. FACT

The purpose of these loans was to provide funding assistance to Quindell’s investments when they required additional funds to support their organic growth whilst working with Quindell ahead of completing an outright acquisition.

When you think about it, Quindell identify an acquisition, agree a deal, work with them to identify significant growth opportunities and assist with funding organic growth, safe and sound and secure in the knowledge that they are in fact only loaning the monies to themselves ultimately and clearly there is nothing wrong with this.

If any shareholder asks a question at the AGM on the 28th of June 2013 reference the loans, they will be certain to find out my understanding is correct and there is nothing untoward.

Remember bears create concerns over nothing with misinformation and rely on your fear. Do no repost their articles any longer and don’t comment on them you as that will just encourage them.

Steamy

http://www.stockopedia.co.uk/content/quindell-a-great-british-innovator-and-job-creator-now-with-fy13-forecasts-73640/?comment=58#58

Teach-ins and Preparation for Full Listing

Quindell Portfolio 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 confirm details regarding the previously announced teach-ins, to provide a deeper understanding of the business and confirm key appointments as part of its continuous corporate governance improvement programme in preparation for the Group's plan to move to full listing.

Last Friday it finished with a spread of 9.30 to 9.50 offer but the UT was @ 9.98p for 3M shares.

earlier on, many trades being withdrawn from the bid side and share price moving south ( manipulation? )

Is it going to break the 10p tomorrow?

New updates on forecast

I see Cenkos now go for 2.22p EPS this year - with a maiden 0.1p dividend to get the income funds in - and 2.85p EPS next year, doubling the divi to 0.2p.

Slightly less than GECR's 2.47p EPS and 3.07p EPS respectively, but in the same ballpark.

AGM Statement

Current Trading

The Group are pleased to report a continuation in the positive momentum enjoyed during the first three months of the financial year, with multiple significant new contract wins being achieved by both the Group's two divisions, with particularly strong growth in Legal Services.

Second quarter EBITDA is expected to be at least that of the first quarter, which was in excess of £25 million. Despite changes that came into effect on 1 April 2013 in relation to LASPO and the subsequent reduction in portal fees for legal services, Group margins are still ahead of Management's longer term guidance. Through a focussed approach to trade debtor management, cash collection continues to be according to plan.

The Management team is pleased to update that overall performance in relation to the key performance indicators - cash conversion, adjusted EBITDA and adjusted EPS - continues to remain in line with market expectations.

The Board anticipates providing a more detailed trading update prior to the Group's next investor teach-in regarding its Solutions Division, which takes place on 17 July 2013. The Group intends to announce its interim results for the six months to 30 June 2013 on 19 August 2013, this follows the third and final investor Services Division teach-in, which is scheduled for 14 August 2013.

ZakMir speaks - 20p target for QPP
ZAK mir say buy

i have a follower on Twitter – salt of the earth – who has been questioning my position on Quindell Portfolio. Hopefully, the following article will clarify the situation.

The big surprise as far as Quindell Portfolio’s price action has been concerned in recent weeks was not the dive below 6p, but really why it took so long for the shares to recover – if the famed equity swap deal is no biggie.

From a charting perspective I identified that salvation here could come from a 2 year uptrend line running at 8p last month, with the only difficulty being the way that we had to believe that there had been an overshoot to the downside of this line before the rebound set in. However, from a technical perspective Quindell Portfolio still had to be classed as a sell into strength while there was no break back above 10p former March support. If the 10p was recovered then the shares would finally be classed as a buy.

Unfortunately, although I am no Shakespeare in the English department this use of the conditional tense means that now Quindell has broken back above 10p and it is a technical buy. Sorry to flip around views, but that is what price action does.

Indeed, it would appear that the break back above former 10p support has been so comprehensive that any fears regarding equity swaps / derivatives have simply been blown away, not only in terms of any amount of potential loss, but also on the basis that Quindell Portfolio is so awash with cash the issue if it arises would be small beer. Now for more conditional tense talk.

If Quindell Portfolio remains above 10p then it could head towards the top of a 2 year price channel drawn on the daily chart as high as 20p on a 3 month timeframe. But IF it falls back below 10p (and only if) then the shares are back in bear mode.

Acquisition Strategy Update

Quindell Portfolio Plc (AIM: QPP.L), a leading provider of software, consultancy and technology enabled outsourcing services to the insurance, telecommunications and other related markets is pleased to provide an update on its acquisition strategy and to announce the acquisition of React and Recover Medical Group Limited ("React and Recover").

Highlights

· Past acquisitions beating performance targets enabling early acceptance of performance warranties
· Acquisition of tactical business to support growth in Quindell Health Services
· Organic growth primary driver in 2013 and 2014

On 18 June 2013, the Group provided its first investor teach-in which covered its Acquisition, Integration and Overall Strategy. At this teach-in, the Group confirmed that acquisitions would represent a smaller part of its growth strategy in 2013 than was the case for 2012, and guided that acquisitions during the current financial year would typically be small relative to the size of the Group and likely to be of a tactical or in-fill nature.

As previously outlined in the Group's annual report and as guided in the recent teach-in, the Company's criteria for acquisitions can be summarised as:

- Only pursuing earnings enhancing opportunities that have already been de-risked by working closely with the business prior to acquisition, and where significant synergistic growth is available
- Typically paying five to seven times profit after tax with a 12 month future warranted profit and cash generation targets, with claw backs if these warranted targets are not met
- Only issuing stock in respect of acquisitions at the greater of a 20% premium to current trading price or 17.5 pence, with the consideration stock locked-in for between 12 and 36 months and subject to orderly market restrictions

As a result of strong trading performance by historic acquisitions, the Board anticipates reviewing and reaching agreement with vendors on the acceptance of post acquisition warranty obligations for certain businesses within Quindell Health Services (part of its Services Division) as it is clear that these businesses have been operating at a run rate that demonstrates that those obligations will be met ahead of expectations. This early agreement will enable further integration and efficiencies to be obtained for the benefit of the Group in the current financial year.

As one of its identified tactical acquisitions, the Group is pleased to announce the acquisition of accident rehabilitation and medical reporting specialists React and Recover on 28 June 2013. The terms of the acquisition were satisfied by the issue of 70,714,286 Quindell shares at an assumed price of 17.5 pence per share and the payment of £625,000 in cash. The shares, representing approximately 1.7% of the Group's issued share capital, will be subject to share lock in of between 12 and 36 months from the date of issue and orderly market restrictions. The companies acquired will warrant profit after tax of £2 million and generated cash flow of £1.5 million over an assessment period of 1 January 2013 to 31 December 2013. The acquisition is immediately earnings enhancing for the Group and will enable the Group to deliver further on the scale of business and opportunities within Quindell Health Services.

Looking ahead to 2014, the Group anticipates that whilst acquisitions would still be considered, management believe that between 10-20% of the Group's growth relative to 2013 would be by acquisition and approximately 80-90% of the year-on-year growth would be generated organically.

Copies of the Group's presentation from the first investor teach-in are available from the investors section of the Company's website www.quindell.com.

Rob Terry, Founder and Executive Chairman of Quindell said: "The Group has already delivered a significant amount of organic growth, and we expect this to continue throughout 2013 and beyond. The acquisition of React and Recover further enhances our ability to service this growth and our ability to deliver our outsource proposition to the UK insurance sector. The fact that our previous acquisitions are delivering on their warranted performance to the extent that we can now agree to accept their warranted performance as completed is very positive news and enables the Group to complete the full integration of these businesses ahead of schedule."

Application has been made for the 70,714,286 new shares to be admitted to trading on AIM. Admission of the shares is expected to occur on 5 July 2013. Following Admission Quindell will have 4,137,568,768 ordinary shares in issue. The Company has no ordinary shares held in treasury. The total of 4,137,568,768 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.

Appointment of Joint Broker and Financial Advisor

Quindell Portfolio plc (AIM: QPP.L), a leading provider of software, consulting and technology enabled outsourcing services to the insurance, telecommunications and other related markets, is pleased to announce that as part of the Group's process of moving from AIM to the Main Market, the Board has appointed Canaccord Genuity Limited ("Canaccord") as joint broker and financial advisor with immediate effect. Canaccord will work alongside Cenkos Securities plc.

Quindell's Technology Goes Live at Ageas

Quindell signs new agreement with Renault UK

Quindell signs new agreement with Renault UK

Quindell Portfolio plc (AIM: QPP.L), a leading provider of software, consulting and technology enabled outsourcing services to the insurance, telecommunications and other related markets, is pleased to announce the signing of a new contract with Renault UK to provide accident management services across the whole of Great Britain.

The new multi-year contract will see Quindell working with Renault UK across all their brands, for drivers of both new and used Renault UK vehicles. This new contract will expand the existing relationship the Group has with Renault UK and provide significant uplift from current revenue levels.

Quindell will provide first notification of loss, credit hire, repair and personal injury elements of the claims process as well as process all the management information that will deliver significant value to Renault UK, enabling the manufacturer to better meet customer needs. Quindell will also provide a more comprehensive approach to 'fault' Renault UK customers, to ensure a seamless and fully branded Renault UK experience following an accident.