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

My worry here at the moment is that it looks likely that QPP may have to raise more cash soon, the big question is - will they be able to, or will prospective investors or lenders get cold feet? I'm pretty sure I would.

Big fall this morning.

Declared short interest increasing. Now 7.13%

Results due Aug 25th?

Harry - from the link in post 1205.

"Quindell's interim results for the six months to 30 June 2014 will be announced on 21 August 2014."

Ah, cheers. Just trying to catch up as have been down in Hampshire (Meon Valley) for a few days.

Nice part of the world!

A new low.

And another new low.

This possibly speaks volumes:-

A spokesman for the firm yesterday said: ‘Quindell has not fallen out with the RAC and continues to have a positive relationship.’
The spokesman insisted the project was not delayed, and added: ‘With regards to the timing of the roll out, we shall update the market when appropriate with the RAC.’
RAC refused to comment.

10p old money sp.
2517

sp has now dropped 30p this morning, yet still sellers outnumber buyers (L2) 5/1

This should help!

Quindell Plc (AIM: QPP.L), a leading provider of software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to provide a trading update ahead of Quindell's interim results for the six months to 30 June 2014 being announced on 21 August 2014.

Trading Update
· The Board reports that the Group has met all its key performance indicators for July (cash conversion, adjusted EBITDA and adjusted EPS)
· Services margins remain particularly strong and continue to track ahead of plan
· Global Connected Car initiatives across the Group have reached record levels with over 600,000 connections supported to date (including c. 200,000 phone-based app downloads)
· All core business relationships remain strong
· A number of major new initiatives are being planned with new and existing clients for H2 2014

Cash Performance
· Operating cash flow has turned positive in July
· Group net funds increased in July
· Prior cash guidance and confidence in market expectations for 2014 and beyond re-affirmed
· Focus remains on cash over growth as previously stated
· Certain contracts being restructured to ensure the optimum return on cash resources but both profit and cash guidance are not dependent on any upside from these initiatives

No specific mention of the RAC.

if anyone has managed to trade this one successfully today, then they're very clever indeed

Not me! :o)

For the shorters -

i've been watching this on L2, and even now the order book is heavily skewed towards sellers ...... very strange goings on

Canaccord Genuity Buy 170.25 170.25 362.00 362.00 Reiterates