Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.

NEWS

02nd Nov 2015 Capital return update
30th Sep 2015 Interim Results Presentation For The Six Months Ended 30 June 2015
30th Sep 2015 Interim Results for the six months ended 30 June 2015
17th Aug 2015 Board appointment/Change of Nominated Adviser
06th Aug 2015 RESTORATION OF TRADING ON AIM
05th Aug 2015 Regulatory update
05th Aug 2015 Results and publication of Report and Accounts for the year ended 31 December 2014

EVENTS

26th Nov 2015 General Meeting
Insurance Telematics Europe 2015(14th-15th April | Park Plaza Victoria London, UK)


WEBSITES


DEDICATED & UPDATED POSTS

Ingenie



'Would you kindly' post Views/Speculations on one of the many other QPP threads,cheers.

General interest along with highlighting one of the ways ingenie involve/target their customers/potential customers:

Is taking your instructor on your driving test a good idea?

4 reasons to take your instructor along on your driving test

1.Moral support

It's scary, OK? If you suffer with nerves before an exam or interview, it might help you to know the person you learned all this stuff with is sitting right behind you, willing you to do well.

But: you might feel more pressure to do well so you don't let them down.

2.Memory triggers

Your instructor isn't allowed to talk or signal to you during the test but their presence could act as a memory trigger - what did they say EVERY SINGLE TIME you moved off even though you already did it?

I can hear my instructor's voice ringing in my head, asking me if I've checked my bloomin' blind spot.

But: you might be distracted by having someone in the back when you're not used to it.

3.Note taking

You can bet your life that your driving instructor will be making a mental note of every single mistake - not because they're horrible; because they really, really want you to do well.

If you don't pass, your driving instructor will know the exact areas you need some more practice on, so you can target your next few lessons perfectly to help you pass next time.

But: two people watching you instead of just one may increase those performance nerves.

4.After-care

When you finish your driving test, your examiner will give you a de-brief: a run down of how you did. If you didn't pass, they'll probably give you some pointers that you can work on before trying again.

Having your instructor there means that - while you're busy shaking and swearing - someone is actually listening to the advice, and can repeat it to you later.

But: nope, no buts. It's definitely a good idea to have your instructor there for the de-brief.

So, will I take my own advice?

I think so! To be honest, I don't think I'd have the heart to look my driving instructor in the eye and tell him I didn't want him there. Not after everything we've been through together.

'Til pass do us part.

Looks like its a DONE DEAL !!





ASX-listed legal eagle Slater & Gordon is poised to acquire the professional services division of British insurance claims processor Quindell, lending sources told Street Talk.

A deal has been struck at roughly $1.2 billion or seven times earnings before interest, tax, depreciation and amortisation. The purchase will be predominantly funded by an $890 million equity raising, managed by Citigroup and Macquarie Capital.

Sources said an agreement was close to being finalised on Sunday night with the transaction set to be announced as early as Monday morning

Quindell, which is listed on London's Alternative Investment Market, has been in exclusive negotiations with Slater & Gordon since January. As part of the transaction's due diligence, it's understood over 8000 case files were reviewed by a team of 70 lawyers over six weeks.


Analysts said the acquisition, which brings the No.1 and No.3 UK players together, was likely to be more than 30 per cent earnings accretive. It will double Slater & Gordon's UK market share and propel the company into the ASX-100, potentially putting it on the radar of large cap fund managers.

Slater & Gordon shareholders are known to be supportive of the purchase. As part of the deal, the two parties are understood to have agreed to an innovative earn-out agreement around Quindell's troubled noise-induced hearing loss unit.

Since becoming the world's first publicly listed law firm in 2007, Slater & Gordon has grown significantly via acquisitions.

It has grown personal injury claims market share in Australia to 26 per cent from 8 per cent since listing. In the UK, which is five times the size of the Australian market, it has grown to a forecast 5 per cent share this year from nothing in fiscal year 2011.

Sunday, 29 March 2015

Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 15
It sounds like Slater & Gordon's purchase of Quindell's legal services division for £640 million is about to be announced.

The Australian Financial Review is reporting Slater & Gordon is "poised to acquire the professional services division of British claims processor Quindell". Here is a link:

http://www.afr.com/street-talk/slater--gordon-carves-up-in-uk-with-quindell-acquisition-20150329-1ma5qf

Indeed, I have been told by top sources the deal has now been "signed", with Slater & Gordon paying around £640 million in cash for the Quindell unit.

So, keep an eye out for the formal announcements from both companies this evening and tomorrow morning.

Do not sell below £4.90

Tonights offer values Quindell at 490p a share / total value £2.16bn so hold onto your shares:
Prof services £640m +300m from slater and Gordon
Mobile doctors £140m (‘It now makes £14 million of profit before tax,Put it on a reasonable 10-times earnings, that’s £140 million.’ Down the line (assuming Mobile Doctors was sold) ‘we’d use that sort of cash inflow for a mixture of share buybacks and special dividend.)
Telematics £831m (Quartix has 67k boxes and valued at £82.51m, quindell has 675k and is adding at 20k a month at the end of q4 which implies £831m valuation for quindells telematics business alone.) You know the telematics contracts are valuable in the USA as qpp recently bought out the himex minorities therefore they have sight of the potential exponential growth of those USA contacts and ingenie USA launch
Challenger software business £250m
But IMO this might be a merger of prof sev with sgh thereby giving qpp shareholders two shares for each one held - a share in merged legal business and share in remaining tech business. Both of these shares would rerate considerably - prof services under legal co ownership and analyst coverage by analysts that understand legal accruals and deferred cash generation could rerate to 20x as per sgh and then telematics and software could be valued at 25-30x by tech analysts.
Bottom line I would prefer sgh equity listed in London rather than £640+300 cash

Ingenie USA announcements due soon Https://twitter.com/ingenie_richard/status/502870698743046144
USA telematics about to become seriously large opportunity. Quindell supplies 3 of the top 20 personal lines insurers in the US including Liberty Mutual and American Family (pilots with 4 more) and current negotiations for global telematics 3-5 year exclusive contracts represent over 60% of the projected subscriber base already) American Family UBI leader joined Himex following roll-out! = Https://www.linkedin.com/pub/pete-frey/7/4ba/a94 Liberty = http://prezi.com/xffv6tmx44ez/supporting-libertys-road-to-implementation/?utm_source=twitter&utm_medium=landing_share
If sprint/other partner took a stake in Quindell in exchange for jointly developing the USA telematics business towards a Nasdaq listing this share would rocket and the conspiracy theories would be over. I suspect such a deal will be announced very soon. Sprint has been advertising together with HImex in the USA insurance trade press: http://www.insurancejournal.com/services/newswire/2014/10/06/342697.htm

Quindell nears Slater & Gordon deal
March 29, 2015 6:49 pm
Arash Massoudi and Henry Mance — London

Slater & Gordon, the Australia-listed law firm, is close to acquiring the professional services arm of controversial British insurance claims processor Quindell for about £700m, according to people familiar with the situation.

Quindell was expected to return £500m of the proceeds from the sale to shareholders, one of those people said.

The deal marks a recovery for Quindell, which some market participants had suggested was running out of cash late last year when it commissioned PwC to investigate its weaker than expected financial results. Its market capitalisation was £609m on Friday, compared with a peak of more than £2bn a year ago.

Slater & Gordon, one of the world’s first publicly traded law firms, has been expanding aggressively in the UK, mostly handling “no win, no fee” personal injury claims. In its home territory, it has a track record of bringing class actions. The UK accounted for nearly half its A$418m (US$327m) revenues last year and its market capitalisation on Friday was £795m.

The transaction could be unveiled later on Sunday, ahead of the Monday opening of Australian markets, although people familiar with the discussions cautioned that the details were still being finalised.

Under the terms of the deal, the Australian law firm is poised to pay £637m in cash for Quindell’s core road traffic incident unit. It will also include a share of receipts from the settlement of hearing loss cases, which could be worth a further £100m.

Quindell’s professional services division — which mainly handles the legal and other aspects of car insurance claims — accounts for almost 90 per cent of its revenues and profits. Slater & Gordon’s acquisition values the unit at about 7 times its earnings before interest, depreciation, taxation and amortisation.

Quindell’s overall valuation has still fallen since a short selling attack led by Gotham City Research a year ago.

Gotham published a dossier of allegations about its profitability and corporate governance. The Aim-quoted company became a cautionary tale for London’s junior stock market, becoming entangled in various scrapes including a misdescription of a directors’ share sale as a purchase.

Its joint broker Canaccord Genuity and its public relations adviser Redleaf Polhill both resigned last year.

Quindell’s shares have recovered in recent months, after it disclosed in January that it had entered into negotiations with Slater & Gordon over the sale of its legal services division, although they remain sharply lower than a year ago.

The group’s founder Rob Terry is unlikely to benefit greatly from the deal, having reduced his shareholding below the disclosable threshold of 3 per cent following his ousting as chief executive late last year.

Slater & Gordon will finance the purchase with an AS$890m equity raising.

The professional services unit had revenues of £177m in the three months to September 2014.

Quindell’s other division, “digital solutions”, provides black boxes for use by motor insurers.

Quindell and Slater & Gordon did not comment.

Slater & Gordon-Trading halt until 2nd April

PSD Acquisition and Entitlement Offer - Presentation PDF 80 pages 1.6MB

Deals | Sun Mar 29, 2015 6:19pm EDT
Related: Deals

Australia's Slater & Gordon buys Quindell unit

(Reuters) - Australian law firm Slater & Gordon Ltd said on Monday it has agreed to buy a unit of British technology and outsourcing company Quindell Plc for A$1.2 billion ($928.1 million), in a bid to penetrate the highly fragmented UK personal injury market.

Slater & Gordon said it is seeking to raise A$890 million in new equity to fund the acquisition of Quindell's Professional Services Division (PSD).

"The combination of Slater & Gordon and PSD creates the number one personal injury law firm in the UK," Slater & Gordon Managing Director Andrew Grech said. "It further diversifies our sources of legal work, broadening access to claims management companies, insurers and insurance brokers."

Shares in Quindell have slumped since short-seller Gotham City Research questioned the company's revenue model and profit quality last April.

Quindell, which lists Aviva Insurance Plc, British American Tobacco Plc and Royal Mail Plc among its customers, rejected Gotham City's concerns.

Before the Slater & Gordon deal was announced, Quindell said the sale would improve its working capital profile.

The deal is conditional on a majority vote by Quindell shareholders, which is scheduled for April 17. Slater & Gordon said Quindell's board has unanimously recommended shareholders accept the offer and that it has already secured firm commitments representing more than 15 percent of Quindell's issued share capital.


($1 = 1.2930 Australian dollars)


(Reporting by Jane Wardell; Editing by Eric Walsh)

delete

Quindell Professional Services Division UK - Proposed Acquisition

Published on 29 Mar 2015


Today we advised the Australian Securities Exchange of our intention to acquire the Professional Services Division of Quindell, a listed company in the United Kingdom.

Slater and Gordon Group Managing Director Andrew Grech says this is a transformative opportunity for the firm.

Proposed sale of the Professional Services Division

Initial cash consideration and further contingent cash consideration

Substantial return of capital to Shareholders to follow

Following Disposal the Group will focus on insurance related technology businesses

Quindell plc (AIM: QPP.L) announces that it has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division (“PSD”) to Slater and Gordon Limited (“SGH”) for an initial cash consideration of £637 million and further contingent cash consideration payable in respect of the future settlement of its clients’ noise induced hearing loss (“NIHL”) cases (“Disposal”). In addition, the Company will, as soon as practicable, post a Circular relating to the Disposal and a notice convening a General Meeting of the Company to be held on 17 April 2015 to approve the Disposal.

In view of the size of the PSD relative to the Group, the Disposal will result in a fundamental change in the business of the Company for the purpose of Rule 15 of the AIM Rules and it is therefore conditional upon the approval of Shareholders, amongst other matters.

The Board also announces a clear strategy for the Group should the Disposal complete. Quindell will be focused on its range of technology businesses with strong growth potential, disposing of non-core businesses and returning proceeds to Shareholders.

Highlights

£637 million to be paid in cash at completion;
Deferred cash consideration of 50 per cent share of net fees from the settlement of NIHL cases transferred on completion (as at 29 March 2015, the Company was acting for clients in respect of approximately 53,000 NIHL cases);
Majority of cash proceeds from the Disposal to fund substantial return of capital to Shareholders, expected in the second half of 2015 - precise amount of any distribution to Shareholders has not yet been determined but the Directors expect that, in aggregate, the initial tranche will be up to £500 million (representing in excess of £1 per share); further cash distributions dependent on the deferred cash consideration, business disposals of non-core businesses and underlying performance;
Following the Disposal (if completed), Quindell will comprise a range of insurance related technology businesses with strong growth potential; and
The Board will take appropriate action to deliver shareholder value from non-core assets.



David Currie, Interim Non-executive Chairman, said:

“We are pleased to announce the conditional disposal of the Professional Services Division. This is an important landmark for Quindell, delivering significant value for investors from part of our business. Should the Disposal complete, we are committed to a significant return of capital to our Shareholders and to return future cash proceeds over time as NIHL cases settle. We are confident that this transaction, our clear strategy and the actions we are taking will enable us to move forward with renewed purpose.”

Robert Fielding, Group Chief Executive, said:

“We are pleased that Slater and Gordon has recognised the strength of our business and quality of our people and the team will continue to look after all our customers to the same high standards that we always have both before and after completion of the transaction. I would personally like to thank the team that has worked so hard to deliver such quality services to our customers and this deal for our Shareholders. Should the transaction complete, I will feel proud to leave behind an exciting technology business set for substantial growth and success in the coming years and I will miss the many friends and colleagues I have in the business.”

Richard Rose, Non-executive Chairman Designate, said:

“Looking ahead, the Board of Quindell will work to deliver further value for investors from the technology businesses within the Group following the disposal of the Professional Services Division. The Group will be restructured to prudently incubate, develop and grow insurance related technology businesses based around telematics and software solutions. We will take appropriate action with the non-core businesses. As we reshape the Board and executive structures, we are committed to ensuring Quindell works to the highest standards of corporate governance.”

more from link below:

UPDATE - Quindell sells no-win no-fee operation to Aussie firm for £637mln
By Andrew Neil
March 30 2015, 11:18am

--adds detail, broker comment, updates share price--

Troubled outsourcing firm Quindell (LON:QPP) has concluded the sale of its professional services arm to Australian law firm Slater & Gordon for £637mln.

The move will create the largest personal injury law group in the UK and see Quindell shareholders receive around £500mln of the consideration returned to them.

“This is an important landmark for Quindell, delivering significant value for investors from part of our business,” said David Currie, Quindell’s interim non-executive chairman.

Quindell is effectively selling most of itself, as the professional services division - which mainly handles the legal and other aspects of car insurance claims - accounts for almost 90% of its revenues and profits.

But the AIM-listed firm has had a torrid year since a short selling attack by Gotham City Research and controversy over directors’ share dealings.

Its joint broker Canaccord Genuity and its public relations firm Redleaf Polhill both resigned last year. Its market capitalisation was £609mln on Friday, compared with a peak of more than £2bn a year ago.

Richard Rose, who has been acting as a consultant, will take over as chairman if the sales goes through.

Today, he said the group will be restructured to “prudently incubate, develop and grow insurance” related technology businesses based around telematics and software solutions.

In particular, it will become focused on gathering telematics data through black boxes in cars and using that data to sell car insurance through its Ingenie brand.

Currie, brought in as interim chairman in January, will become the company’s sole non-executive director and said the deal would bring “real certainty after a period of considerable turmoil”.

Commenting on the sale, Augustin Eden at Accendo Markets, said: "Quindell is due to become an insurance technology business, ditching all arms that don’t fit that description.

"Although Quindell's share price is still down following last year’s short selling attack led by Gotham City Research, investors who got in in December will already be 378% better off.

"The potential for further gains to come amid confidence that a clear strategy and renewed purpose will take the newly streamlined company forward in 2015."

For ASX-listed Slater & Gordon, it marks a further expansion in the “no win, no fee” personal injury claims space in the UK.

“The acquisition is a transformational opportunity, and will allow Slater & Gordon to further penetrate the highly fragmented £2.5bn UK personal injury market,” said Andrew Grech, Slater & Gordon’s managing director.

Quindell shares added 12p, or 9%, to 154p.

30 March 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Posting of Circular and Notice of EGM


Quindell plc (AIM: QPP.L) announces that it has today posted to shareholders a Circular and Notice of General Meeting together with a form of proxy, relating to the disposal of its Professional Services Division ("Disposal"). Electronic Copies of the Circular and Notice of General Meeting are available to view on the Company's website at www.quindell.com. The General Meeting of the Company to approve the Disposal will be held at 10.00 a.m. on 17 April 2015 at Botleigh Grange Hotel, Grange Road, Hedge End, Southampton SO30 2FL.

http://www.moneyam.com/action/news/showArticle?id=5005891

Richard King
‏@ingenie_Richard Record day for @ingenie yesterday, beating our personal best for sales in one day

https://twitter.com/ingenie_Richard/status/582906310045351936

NOTICE

01/04/2015 9:40am

TEMPORARY SUSPENSION OF TRADING ON AIM

QUINDELL PLC



At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 01/04/2015 9:40am, pending an announcement and publication of an document.


ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)



If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5008021

banjo why post the same info on another thread ,why not use the QPP thread ????

It would take up to much space , between posters chatting

Morning jimmy,

Trying to keep this QPP thread for 'Information & News' rather than speculative posts and waffle.

I will try an keep the header up to date which was another reason for starting this thread.

I'll no doubt have to start another if there is a name change so please don't be concerned.

Updated 16:00

15:45 AIM Restoration - Quindell Plc

15:15 Quindell PLC (QPP) Shareholder Circular Correction

10:52 Stock Exch Notice N05/15 - Cancellation of trades

10:08 Stock Exch Notice Decision with Regard to Trade Cancellation

09:40 AIM Suspension - Quindell Plc

1 April 2015

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

Shareholder Circular Correction

On 30 March 2015, the Board of Quindell wrote to Shareholders advising them that the Company had entered into a conditional sale and purchase agreement to dispose of the Professional Services Division ("PSD") to Slater and Gordon Limited ("SGH") for an initial cash consideration of £637 million and further contingent cash consideration payable in respect of the future settlement of its clients' noise induced hearing loss ("NIHL") cases ("Disposal"). Words and expressions where defined in that Circular shall, unless the context provides otherwise, have the same meaning in this announcement.

It is noted on page 6 of the Circular that the profits attributable to the Professional Services Division were stated as follows:

"During the financial year ended 31 December 2013, the profits before tax generated by the Professional Services Division contributed in aggregate £82,500,0001 to the Group. During the six months ended 30 June 2014, the profits before tax generated by the Professional Services Division contributed in aggregate £113,400,0002."


The Board has noted that there was a failure to fully transcribe profits related to entities forming part of the Disposal as disclosed in the Circular (predominantly in respect of iSaaS Technology Limited and Intelligent Claims Management Limited, entities previously included within the Company's "Digital Solutions" division in historic financial information). As a result, the corrected total profits attributable to the Professional Services Division are as follows:

"During the financial year ended 31 December 2013, the profits before tax generated by the Professional Services Division contributed in aggregate £96,000,0001 to the Group. During the six months ended 30 June 2014, the profits before tax generated by the Professional Services Division contributed in aggregate £130,700,000 2."


The Company also confirms that during the financial year ended 31 December 2013, the adjusted profits before tax generated by the retained businesses (all save for those detailed as within the Professional Services Division) contributed in aggregate £6,800,000 to the Group (excluding the net gain on re-measurement of investments on becoming associates and associates on acquisition of control in the 12 months ended 31 December 2013 of £4,200,000 as announced in Note 9 of the 2013 Annual Report). Subject to audit, during the six months ended 30 June 2014, the adjusted profits before tax generated by the retained businesses contributed in aggregate £8,500,000 to the Group (excluding the provisional estimate of the gain on re-measurement of acquisitions/investments in relation to the Himex group in the six months ended 30 June 2014 of £14,500,000 as announced in Note 5 of the Interim Statement of 21 August 2014).


The Board also confirms the following:

http://www.moneyam.com/action/news/showArticle?id=5008696