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

Might be an April Fool! ;o)
Other BB's coming up with a lot of conspiracy theories, including investigation into dubious trading of closing/opening spreads.
Lets hope S & G haven't pulled the plug.

Related

Cheers for that midknight, which shows that the rumours are loosely based on fact.
Gotham City seem to want to drive this down again.

This seems to be the answer:
http://www.telegraph.co.uk/finance/markets/11508613/Quindell-shares-suspended-after-error-found-in-deal-announcement.html

must be more serious than an omitted comma, and though probably not hugely significant, it really does show gross incompetence by someone somewhere along the line

It does, I agree and I will be glad when I can execute my exit strategy from this company as management seem less than competent, imo. Might see the sp take a temporary dip when trading recommences.

Maybe it is management being competent and acting quickly

Retrospectively!

http://www.telegraph.co.uk/finance/markets/11508613/Quindell-shares-suspended-after-error-found-in-deal-announcement.html

What a pig in a poke (again)!

The delay in clarification and the the resumption of trading just adds weight to the conspiracy mongers.

Must of been listening!

SHAREHOLDER CIRCULAR CORRECTION

from the transcript :-

"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.""

Wed, 1st Apr 2015 14:41
** 3 of the 4 hedge funds holding significant short positions (>0.5%) on Quindell cut their shorts on the stock to less than 0.3% after co agreed to sell its Professional Services Division (PSD)on March 30


** FCA data as of the close on Mar 30 shows Ennismore Fund Management's net short on Quindell at 0.04% vs 1.73% at its previous filing, Coatue Management at 0.2% pct vs 0.76%, TT International at 0.28% vs 0.58%

** Roble SL, with a 2.72% net short, is the only entity still above the 0.5 pct threshold which requires regulatory disclosure.

** Quindell's shares rose as much as 30 pct to 180 pence on Mar 30, when the deal with Australian law firm Slater & Gordon Ltd was announced. They are currently suspended from trading at 140 pence, pending an announcement

** The Telegraph writes the suspension is due to an error found in the deal announcement (http://bit.ly/1C7u1NC) (RM: francesco.canepa.thomsonreuters.com@reuters.net)

I really can't see the point in duplicating the same post on both
the QPP threads and don't understand the relevance of the other
thread. I think Cynic's comments about its relevance or irrelevance
some time ago were spot on.

More

The shares are not longer suspended but I noticed MAM stockwatch are not moving the price but the trades are showing alright

They've pinched my post! :-)

Yes, your post is timed earlier, Skinny, Copyright?

Here we go again - extended auction!

is there any trading life left in this one?
i think probably not

There might be after Easter. Presumably people will want to tidy up before the break.