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

What have they got left of value to sell off ???? Thats the only way the sp is going to climb with no deals being done now.,.

Price: 130.25 by GrumpyScouser on the LSE site
Posts: 2,219
Off Topic
Opinion: No Opinion
Price: 130.25


Today 13:55THIS IS NOT ADVICE: its my personal opinion and I apologise for the ramble that's coming.

I have invested around £120k and have an average of £1.42: if I have made bad decisions.....this will be devastating (to put it into the context of your own commitments).

My first dip into QPP was a couple of weeks before Gotham. I invested not because of the hype, but the fundamentals, audited numbers, margins, contract wins and above all....then end-to-end technology and services play. I work in the technology field and to me it was a no-brainer business model. I knew nothing of Rob Terry (my fault) and wasnt bothered about the bit parts of scaffolding etc.

Fast forward 12 painful months: my initial investment around £5.40 (today's money)......has been averaged down to £1.42 DESPITE the hammering of the last year (or maybe BECAUSE of it). NONE of the original reasons I invested have changed...........

So now I have a choice: vote NO, try and make the company limp forward, and continue with more manipulation. This is great for traders and those who have the skills/knowledge to trade. I dont. I'm an investor.

Or vote YES. Take the return of capital (lets say £1/share) and hold my shares in a new technology business which has cash in the bank, is debt-free, is profitable, will have future revenues from NIHL cases, has world-classs clients, is opening in the US, has already opened in Canada and had its biggest day of sales in the company's history as this all kicks in..........has no doubt new contracts which have not been announced (a major NA car maker has been named in rumours), is in an industry where the EC has directed that all new cars from Sept (?) must have telematics built-in.......

For me personally.....I think I'm now happier than I was on Wednesday, when I felt sick to my stomach when the shares were suspended and I had a migraine all day.....in fact: I'm absolutely looking forward to this new direction.

Just one simple guy's opinion. Im not an accountant and I dont talk numbers......I hope this helps in some way.

ATB




.

Seven days to go ....."General Meeting of the Company to be held on 17 April 2015".

Board Appointment

On 30 March 2015, Quindell Plc (AIM: QPP.L) announced the proposed sale of its Professional Services Division to Slater and Gordon Limited ("Slater and Gordon") and certain Board changes that would follow completion of that disposal ("Completion"). Completion is conditional on, inter alia, approval from the Company's shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority.

The Company now announces that Mark Williams will become Group Finance Director and will join the Board with effect from Completion. Mr Williams has been working as an integral member of the consultancy team appointed to assist the Board in January 2015.

As part of these changes, the Company confirms that Laurence Moorse, the outgoing Group Finance Director, will step down from the Board at Completion but will remain available to the Board and the finance team to provide an orderly handover.

In addition, the Company has commenced an external and internal search process for the Group Chief Executive Officer role, which will be vacant on Completion because, as previously announced, Robert Fielding will transfer to Slater and Gordon.

Commenting on the forthcoming appointment, Richard Rose, Non-executive Chairman Designate, said: "Mark has been working with the Group for a number of months and has been assisting the Board on a number of work streams. This experience will help him hit the ground running and we are delighted to welcome Mark to this new phase in the Company's history."

Information required under paragraph (g) of Schedule 2 of the AIM Rules will be made at the time of the formal appointment of Mr Williams.

Background information

Mark Williams, aged 50, is a Fellow of the Institute of Chartered Accountants and has nearly 30 years of finance experience. Mark has had a varied career to date, having qualified with what is now Deloitte. His experience ranges from a technology driven entrepreneurial start up through to divisions of major international FTSE businesses and through several business cycles. He has operated at board level for the past 15 years, including roles at AXA, Cofunds, Guardian Royal Exchange, Legal & General, Old Mutual and Skandia.

Quob Park Estate Intends to Vote ‘YES’ At The Quindell EGM

On Friday 17th April 2015, Quindell PLC (QPP.L) will be asking its shareholders to agree to the disposal of its Professional Services division (including related technology assets) to Australian legal firm Slater & Gordon for an initial circa £637 million.

The disposal should see an initial £500 million returned to shareholders, as well as a share of future revenue from its circa 53,000 industrial deafness cases, which we suggest could easily be worth another £150m to Quindell shareholders under the terms of the proposed Slater & Gordon deal. As a core shareholder of Quindell, we at Quob Park Estate intend to vote ‘Yes' to the proposition.

We view the deal as undervalued, based on a circa 7 x PE of the Road Traffic Accident related work of Quindell whilst Slater and Gordon trades on circa 21x PE. Incidentally Quindell itself should have been able to attract a similar multiple and would have meant that those assets being sold alone would have effectively supported the total peak valuation of Quindell of £2.4 billion, even without the upside from Noise Induced Hearing Loss work.

Considering both the unprecedented shorting attack that the company and shareholders have endured over the past year and the ability of the management and future board structure that is now to be in place to deliver on this underlying value, we consider the proposed agreement to be in the best interests of Quindell shareholders at this juncture.

The question remains however as to what Quindell will be worth following the disposal.
Our founder and Chief Executive, Rob Terry may be better placed than most to shed some light on what the remainder of Quindell is worth and will provide an update on his view in the near future (post the EGM vote) as to why Quindell should currently attract a valuation of £2.00+ per share, assuming the absence of shorters affecting the share price.

Quob Park Estate are working with and investing in a number of companies that are focused on the benefits of Digital Disruption. Whilst remaining private equity focused, in the future we will open our doors to retail investors and will be providing our view on the valuations of a number of our other investments including Daniel Stewart (DAN.L).

If at the EGM the vote goes to YES
Expectations of about £1.13p cash return to shareholders ( company says : " in excess of £1 per share")

EGM a vote to agree to the disposal of its Professional Services division (including related technology assets) to Australian legal firmSlater & Gordon for an initial circa £637 million.

If the sale goes through. £637m for 440m shareholders is £1.44 ignoring any other businesses
-------------------------
30 March 2015
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.

· The Board will take appropriate action to deliver shareholder value from non-core assets.

from the Telegraph tonight >>>>>>>>>>>>>.

Rob Terry, the founder of Quindell who was ousted from its board last year, has weighed in on the £637m deal the insurance outsourcer has struck with Australian law firm Slater & Gordon.

Shareholders are due to vote on the disposal of Quindell’s legal business on Friday. The sale will see £500m returned to beleaguered investors in the Aim-listed company.

In the latest twist in developments at Quindell, Quob Park Estate, a little-known investment vehicle that describes Mr Terry as its founder and chief executive, has claimed that it is a “core shareholder of Quindell”. It added that while it believes the Slater & Gordon deal is “undervalued”, it intended to back the disposal at Friday’s shareholder meeting.
Documents filed with Companies House show that Mr Terry is a director of Quob.
In a blog post published on Quob’s website earlier this week, the firm claimed that Quindell’s shares should be worth more than 200p, much higher than tonight’s closing price of 131½p.

Mr Terry had been Quindell chairman until last November, when he was forced from the board following a share dealing controversy. He sold-down his Quindell stake just weeks later to less than 3pc, which meant he could offload the rest without informing the market.

Quindell has not issued any stock exchange filings indicating that Quob is an investor in the company.

However, Daniel Stewart, the stockbroker in which Mr Terry recently bought shares, on Thursday revealed that he had raised his stake to 8.994pc through Quob. The broker added that Mr Terry was seeking permission from the FinancialConduct Authority to lift his shareholding above 10pc.

Quob, which said it plans to open itself up to retail investors, did not return requests for comment, and a spokesman for Quindell declined to comment.

http://www.telegraph.co.uk/finance/markets/11543541/Rob-Terry-weighs-i

So in a nut shell is this good for QPP or is this a buy for Daniel Stewart or both

Quindell and the shadow of Rob Terry
April 17, 2015
Greets Uncategorized Quindell Echo, Quindell Information, Quob, Rob Terry

Today we have the EGM vote at 10.00am and expect an RNS later in the morning with an announcement that the sale has been agreed.

Rob Terry, who has nothing to do with Quindell, other than owning a few shares, has announced that post the EGM he will state why he believes the Quindell share price should be £2+.

So what’s happening with regard to Rob Terry’s interest in Quindell?

1. RT has stated that he will be voting yes at the EGM. Why would he vote yes when he has also stated that Slater and Gordon are getting a bargain?

It would make sense to vote no if you thought the asset had a greater value. Could it be because RT wants the returned capital to use as part of his ‘overall’ investment strategy?

2. Rob Terry recently rebranded / re-launched his investment vehicle Quob Park Estate. The focus of Quob Park Estate is to invest and work with businesses that benefit from digital disruption.

The Quindell business model is based on digital disruption.

3. Rob Terry according to the shares register only has c1m shares in Quindell. Would he waste his time making a statement after the EGM about Quindell if he only has c1m shares?

How many shares does he actually have control over when you add family, friends, past Directors and Quob holdings?

4. Why is Quob using a variant of the Quindell logo as its logo? Quindell have registered the leaf logo.

5. Rob Terry via Quob Park Estate has acquired 8.994% of Daniel Stewart Securities. Daniel Stewart having previously been the Quindell NOMAD. Is the intention to reverse Quob into Dan to gain an AIM listing?

Why would RT mention that his target is to secure more stock in Daniel Stewart before the sp rises above 4.5p? This is very strange when the sp is currently 1.3p.

Something is going on and those that invested in Daniel Stewart over the last few weeks have made significant returns.

6. Why is Rob Terry tweeting about Quindell?

I’m not the sharpest knife in the box but even I can see Rob Terry has more cards to play with regard to his interest in Quindell.

As the telematics develops I’m sure all will become clear.

Will Quindell with their RNS about the Slater and Gordon vote, pre-empt the post EGM Rob Terry announcement by providing at the same time more information about the remaining businesses potential?

RESULT OF GENERAL MEETING AND DISPOSAL UPDATE

On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions including, inter alia, the approval of the Company's Shareholders of the Disposal at the General Meeting. Words and expressions defined in the Circular to Shareholders dated 30 March 2015 shall, unless the context provides otherwise, have the same meaning in this announcement.

The Board is pleased to announce that at the General Meeting held earlier today, the Resolution to approve the Disposal was duly passed.

Following the passing of the Resolution, the Disposal remains conditional, inter alia, upon:

(a) the approval of the Solicitors Regulation Authority; and

(b) the approval of the Financial Conduct Authority.

Further announcements will be made by the Company in due course.

from the Telegraph >>>>>>>>>

Quindell founder: Share-dealing allegations a 'heap of rubbish'

Rob Terry says he has amassed £50m in funding for new ventures and is confident of FCA approval

The founder of Quindell has claimed he will not face sanctions from regulators over his share-dealings at the firm and called accusations of insider dealing “a heap of rubbish”.

The revelations from Rob Terry, the controversial former chairman at the insurance outsourcer, are likely to spark anger among shareholders who lost money by investing in the company he once led.
Mr Terry, in his first public comments since he left Quindell, told The Telegraph that he had amassed about £50m of funding for new ventures, some of which he has provided himself.

He also said he was confident that he would receive approval from the regulator, the Financial Conduct Authority, for his planned stake-building in stockbroker Daniel Stewart, despite the storm that led to his departure from Quindell last November.

Mr Terry, along with two other directors, were the focus of investor anger when it emerged that they had reduced their shareholdings in Quindell in stock market dealings that were initially portrayed by the company as share purchases.

Quindell gets takeover approach for its telematics arm 17 Apr 2015
What’s the best way to buy a new car? Brought to you by Carwow
He was eventually ousted from the board when Quindell revealed that the trio had carried out the dealings after one of the company’s house brokers had resigned. The wider stock market was only informed of the resignation after the directors had reduced their stakes, prompting heavy falls in Quindell’s share price.

“The transactions that were done at the time were looked at, there was never any question of insider dealing, so it’s just a heap of rubbish,” Mr Terry said on Friday.
He said that there was “no issue” with the Aim team at the London Stock Exchange, which examined the controversial share dealings, and that it was “closed out long long ago, all in a positive manner.”
He added: “There’s never been an issue with the FCA.”

In a move that has raised eyebrows across the City, it emerged on Thursday that Mr Terry was seeking to increase his recently acquired stake in Daniel Stewart to above 10pc, which will require FCA clearance.

“I’m absolutely positive that FCA approval will come through in the normal timescales,” he said.
Daniel Stewart was left with an uncertain future on Friday after it revealed that its nominated adviser, Westhouse Securities, had resigned. If it does not find a replacement by the start of May, its shares will be suspended.
Mr Terry has already amassed a 9.994pc stake in the broker through investment vehicle Quob Park Estate.

The controversial figure said he thought that Daniel Stewart was “undervalued”, adding “there’s also some things I’d like to do in partnership with them to do with the other things I’m doing with Quob Park.
“Ultimately I will be interested in holding anything up to 29pc of [Daniel Stewart]. I won’t make a bid for it, that’s not my intent, but I could see myself building a holding of that type of size.

“We will open up [Quob Park] to retail investors to invest alongside us and for that we will need to work with an FCA regulated firm, and I hope that that firm will be Daniel Stewart.”

He claimed that Quob Park had as much as £50m in firepower behind it.
“Quob is re-name of a company that I’ve had for a whole number of years but it’s been restructured, new investment’s come in, myself and a number of other individuals have put in over five million and we’ve already raised money with a valuation of twenty-five million.

“It in itself is a fund of a value of about twenty-five million, and then it’s sitting alongside about another twenty-five million of investment capital from me. So it has available to it about fifty million of funding.”

On Friday, Quindell shareholders approved the £637m sale of the company’s legal business in a deal that will see £500m returned to investors. Mr Terry said that he and Quob held small stakes in Quindell.

mentor

What do you think is going on ?

Plenty is going on but ..................

see what the supper FAT one says: he is going LONG now

The Evil Diaries: “It Would Be Mad Not To Be Involved”
BY EVIL KNIEVIL April 17, 2015, 08:34 AM UTC

You have to hand it to Rob Terry. Here he is facing serious questioning from the FCA over his conduct in and around Quindell (QPP) and he asks the FCA for permission to go over 10% of Daniel Stewart (DAN). I suppose that this is roughly analogous to a condemned man asking for a glass of Wincarnis or whatever it is condemned men fancy. Anyway, the Nomad has had enough and packed it in this morning: could it now be time to call upon Ray Zimmerman?

Incidentally, it has been pointed out to me that Quindell is now worth in excess of 200p. Since I got this one so wrong I lie back, think of England and disclose that I have bought Quindell.

This is what pizzes me off about these people " I got this wrong " . So they hammer a company to death destroy some peoples savings , half destroy a company , then says he got it wrong . I hate these lowlifes , he also shorted GBO , didn't understand what they did ., but hey never mind eh.

re- lowlifes ( FAT one )

You are much better than others, who wish them all sort of good things like ......... one day explode like a volcano..... and spew out on everyone, hope not, some investors had lost more than enough from their "verbal diarrhea psychology" on some shares.

re - explode
is a matter of time maybe! if he carry on eating like there is no tomorrow.

spread 131.00 v 131.50 +3.25p

They did it with plus500. Claimed the company didn't exist or something along those lines. Scum of the earth.

From Greets

When will telematics news be released by Quindell? - April 21, 2015

Many, including myself expected news about telematics contracts to be made after the vote to proceed with the Slater and Gordon deal.

Since the EGM no news has been released and we are therefore left to speculate as to what is happening.

My sources have indicated contracts have been signed with major car manufacturers and American insurance companies.

It remains to be seen if Quindell will provide information on these contracts to their shareholders in the next few weeks or if we will have to wait for the conclusion of the Slater and Gordon deal.

In the meantime I have established the following.

American Insurance Company

United Services Automobile Association (USAA) is one of the States biggest banks with assets of over $212bn. Please refer to Page 28 of Fortune Magazine for more detail (see here)

Himex have a log in page for USAA customers ( see here). Speculating this probably means a contract exists between USAA and Himex. We wait to see the extent of this contract, but based on the size of the USAA customer base you would expect this to be a significant contract.

Car Manufacturers

Will Quindell be making announcements about the contracts they have with major car manufacturers such as BMW?

The news will come, but when is the question.

Quindell negative news and the implications. Posted on the Word on the street ,website
Posted on April 22, 2015 | Leave a comment
Anybody investing in Quindell at the current share price of 126p, is, when you take into account the returns from the sale of part of the business to Slater and Gordon, buying into a technology based business.

This business will be composed of Quintica, Ingenie, Connected Car Solutions, Himex, Inter8, Evoji, Road Angel, Fleet Daddy, Global360net etc.

All of these business any new investor is acquiring for less than 0p.

Implications for Shareholders

Share price calculation: Slater and Gordon deal (sp £1.45) – debt (sp £0.11) + NIHL upside (sp £0.34p) + PT Health, assuming not a core business (sp £0.11) = £1.79 share price. This doesn’t factor in the value of the parts of the businesses listed above.

Shares bought today for £1.26p based on what we know now will be in the future be worth £1.79 + value of the parts of the businesses listed above.

The Negatives

The only issue is if any negatives exist that shareholders don’t know about.

If negatives are known about the Quindell board are legally bound to inform the market as soon as they become aware of these. It would therefore be logical to assume they know of no negative news.

In the worse case scenario if we have negative news, the impact of this news should easily be offset by the share price being undervalued (£1.79p – £1.26p = 53p buffer) plus value of the parts of the businesses listed above.

If any negative information materializes, provided it doesn’t have more than a 29% ( 53p buffer) impact on the share price the upside for shareholders is still the value of the parts of the businesses listed above.

Conclusion

As this is Quindell, based on past events, it would be logical to expect some negative news.

The above calculations however would indicate that any negative news would have to be significant and result in a 29%+ share price fall from today’s levels for shareholders to experience a loss based on a share price of £1.26p

Quindel Short Position 24th April.
Posted on April 24, 2015 | Leave a comment
Many of those that have been shorting Quindell have closed or are closing their short positions.

Robel S.L. are the last major player to hold a Quindell short position. Their last report to the FCA indicated they have reduced their declared position by 0.20%.

Roble had a declared short of 1.94% on Thursday 23rd April, that’s 8.5m shares required to close.

This reduced to 1.89%. Declared latest short position as per FCA register on Friday 24th April.

News