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

Trading Statement

Highlights
Ø Gross sales for the six months ended 30 June 2013 are expected to be approximately £166 million
Ø Adjusted EPS1 of circa 1.1 pence (H2:2012: 0.94 pence, FY:2012 1.40 pence).
Ø Basic EPS of circa 0.9 pence (H2:2012: 0.78 pence, FY:2012 1.17 pence).

EBITDA
Ø EBITDA of circa £48m (H2:2012: £13.7m, FY:2012: £47.0m)
Ø Adjusted EBITDA2 of circa £54m (H2:2012: £37.2m, FY:2012: £52.2m)
Ø Margin performance has continued to be maintained at or above historic run-rate levels

Profit Before Tax
Ø Profit Before Tax of circa £43.5m (H2:2012: £29.1m, FY:2012: £41.2m)
Ø Adjusted Profit Before Tax of circa £52.5m (H2:2012: £35.1m, FY:2012: £49.2m)

Cash flow
Ø Adjusted operating cash flow3 for the half year significantly ahead of expectations and guidance with £2.3 million inflow compared to guidance of £15-20 million outflow during significant growth in H1
Ø Operating cash outflow (post exceptional costs) of £2.6 million
Ø Cash at 30 June 2013 also significantly ahead at circa £35 million
Ø In anticipated scenarios for H2, the Board guides delivery of significant adjusted operating cash inflow
Ø Most optimistic cash flow scenarios include opportunity to significantly exceed full year expectations

The Services Division
Ø Strong first half achieved with multiple new significant contract wins driven by regulatory changes
Ø Over 50 independent outsourcing and referral partners providing significant volume to the Group
Ø Successful conversion of 100% of pilot programs

The Solutions Division
Ø Signed multiple new technology contracts and extensions across key markets and geographies
Ø Rapid expansion in North America with acquisition and establishment of Quindell Solutions Inc.
Ø Completed H1 with record level licence and subscription pipelines and growing traction in telematics

Strategic Investment
Ø Himex game changing Usage Based Insurance (UBI) technology - 19% strategic investment
Ø Exclusive distribution agreement in the UK, Canada and South America for key Himex technology

Exit of Equity Swap
Ø Quindell exits equity swap by using equity swap shares as part of investment consideration

Notes
1. Adjusted EPS is Profit after tax, excluding exceptional costs and amortisation, divided by the weighted average number of shares in issue
2. Adjusted EBITDA is Profit before interest, tax, depreciation, amortisation and exceptional costs
3. Adjusted operating cash flow is cash generated by the operation before exceptional costs, tax and interest

topped up after yesterday's good trading update.. onwards and upwards (soon imho)

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In bear mode as Zakmir said in RNS 296.

The thing is that it could suddenly turn into bull mode very quickly and I wouldn't want to be out of this when it does.. can't see it going much lower than this (imho) but will buy more if it does or around these levels.

Is Quindell planning a listing in the US? This notice issued yesterday appears to clear the way for them to do so:

http://www.dtcc.com/downloads/legal/imp_notices/2013/nscc/otc/OTC-143.pdf

Clearance is effective from yesterday, and a ticker - QUPPF - has been allocated. (That 'F' I think stands for foreign - I'm not sure it forms part of the actual ticker when trading). Perhaps a US listing will coincide with the intended move from AIM to a full London listing which is expected soon.

Canaccord this week published its own note on Quindell, with a target price of 41p (30p higher than now). Other brokers had already reiterated their 34p and 40p targets.

Exits from lock-ins are doubtless accounting for some of the daily sell, but I still expect the share price to climb.

If enough investors email the company about this DTCC notice, asking if it means they have plans to list on the US stockmarket, maybe they'll feel obliged to issue some sort of clarification statement. The email address is info@quindell.com

This is consolidating nicely ... won't be long before it starts going up again (imho)

Investor Teach-In and Trading Update

".. but in short, average trade debtor days have been slashed, easing one of the major concerns of sceptical market watchers.."

Shares Magazine today

"... Quindell has become a growth story that investors ignore at their peril. In less than two years it has emerged from the ashes of an Aim-listed cash shell and grown in to a multi-million pound business. It is destined for promotion to the main market perhaps later this year, a move that will almost certainly catapult this half a billion pound business into the FTSE 250..."

A close above the 200ma would be positive.

classic example of bullshit baffles brains!

Looking good though isn't it? :-)

They say don't invest in anything you do not understand, this co. may be the exception, it's certainly going great guns atm, I've traded these a few times and made money each time albeit I got out too early.
BB are you still in?
Skinny your half crown is approaching 10 bob now, hang on for the quid.
2517

Still in 2571 and in profit (for first time) am considering a few more might be nice at this sp. It took a big knock from the market a while back but it only dropped a few pence and is now telling them they were wrong. 33% rise in profits....another asos....I hope so.,.

If you think it's too good to be true, it probably is. Not sure who first came up with that gem, but still true today! Not a holder, but wish you guys the best of luck!

BB---Take a look at LBB, small co doing the right thing, will grow bigger in time.
2517

QPP held up well today in poor market sentiment..bodes well.. I'll look at LBB - thanks 2517George

skyhigh----- at the time of my post above LBB were mid price 0.72p. I originally bought @ 0.47p and added more @ 0.58p. I believe volume is higher over recent days and steady sp rise is envisaged. Good luck. Sorry for being off thread.
2517

Interim Results

Highlights
· Gross sales increased by 33% to £167.3 million (H2:2012: £126.3m, FY:2012: £171.9m)
· Revenue increased by 78% to £163.3 million (H2:2012: £91.9m, FY:2012: £137.6m)
· Adjusted EPS1 of 1.1 pence (H2:2012: 0.94 pence, FY:2012 1.40 pence), an increase of 17%
· Basic EPS of 0.90 pence (H2:2012: 0.78 pence, FY:2012 1.17 pence), an increase of 15%

EBITDA
· EBITDA increased by 44% to £47.7m (H2:2012: £33.2m, FY:2012: £47.0m)
· Adjusted EBITDA2 increased by 45% to £54.0m (H2:2012: £37.2m, FY:2012: £52.2m)
· Adjusted EBITDA margin of 33% (FY2012: 38%) based on Revenue
· Adjusted EBITDA margin of 32% (FY2012: 30%) based on Gross Sales

Profit Before Tax
· Profit Before Tax increased by 49% to £43.4m (H2:2012: £29.1m, FY:2012: £41.2m)
· Adjusted Profit Before Tax increased by 50% to £52.5m (H2:2012: £35.1m, FY:2012: £49.2m)

Cash flow and Debtors
· Adjusted operating cash flow3 for the half year significantly ahead of expectations and guidance with
£2.3 million inflow compared to guidance of £15-20 million outflow during significant growth in H1
· Operating cash outflow (post exceptional costs) of £2.6 million
· Cash collection across the business according to or ahead of plan
· Average Group trade debtor days at June 2013 reduced to circa 4.8 months (December 2012: 6.5 months)
· Cash at 30 June 2013 also significantly ahead of expectations at £35.2 million

Services Division
· Successful conversion of 100% of pilot programs
· Strong first half achieved with multiple new significant contract wins driven by regulatory changes
· Over 50 independent outsourcing and referral partners providing significant volume to the Group

Solutions Division
· Signed multiple new technology contracts and extensions across key markets and geographies
· Now believed to be clear market leader for European claims technology by substantial margin
· Rapid expansion in North America with acquisition and establishment of Quindell Solutions Inc.

Acquisitions & Strategy
· Focus on strong organic growth underpinned by major contract wins
· Smaller scale acquisition strategy in second half of FY13 following established criteria
· Move to Main Market remains a Board objective, targeted inline with 2013 full year results

Outlook
· Completed H1 with record level licence and subscription pipelines and growing traction in telematics
· H2 trading expected to be positive, accelerating and building on the Group's organic growth potential
· Momentum in cash generation is expected to increase in H2:2013
· Collaboration Model provides opportunity for significant bulk settlements and change to future cash profile
· Board confident of meeting the upper end of market expectations