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

nice increase in the SP today...perhaps word is out that the "significantly ahead of market expectations for the 15 month period ending 31 December 2011" as stated in their recent trading update is better than significant?

It's looking good!

Looks good to me,,,


RNS Number : 0432W

Quindell Portfolio PLC

24 January 2012

24 January 2012

Quindell Portfolio Plc

("Quindell" or the "Group")

Agreement with and potential acquisition of Silverbeck Rymer Solicitors

Quindell Portfolio Plc (AIM: QPP.L), the brand extension company and a leading practice provider of consultancy, software and outsourcing in its key markets, is pleased to announce that it will be partnering Silverbeck Rymer in providing a joint outsourcing offering to the UK insurance claim market, in particular the area of personal injury. In addition, the two firms have reached agreement in principle for the acquisition of Silverbeck Rymer by Quindell ("Acquisition"), subject to final legal agreement and approval from the Solicitors Regulation Authority ("SRA").

Silverbeck Rymer is one of the UK's top five legal services firms, operating primarily in the area of personal injury. During 2011, Quindell worked with Silverbeck Rymer to develop a market leading proposition for both the direct market and as a partner to any major brand, and Silverbeck Rymer is already a provider of a significant volume of business to the Group's insurance outsourcing operations.

The proposed Acquisition, which values Silverbeck Rymer at GBP19.31 million, will be satisfied by the payment of GBP10.25 million in cash and the issue of up to 120.8 million Quindell shares (equating to a value of 7.5p per new Quindell share), which will be subject to lock in arrangements ranging from 12 to 36 months. The Group has recently been offered a number of opportunities to raise additional debt in order to facilitate its expansion plans and the enlarged Group is expected to have sufficient facilities, coupled with internally generated cash, to meet the cash payment.

In the year to 30th April 2010, Silverbeck Rymer reported profits before tax of approximately GBP6 million, with business continuing to trade positively to the current day. As such the Directors expect that the Acquisition will be immediately and significantly earnings enhancing. Its most recently available management accounts show net assets of circa GBP8m million.

The Acquisition will be one of the first instances in the UK of a legal practice being acquired by a quoted plc and will require approval from the SRA. This clearance is expected to take a number of months and the vendors have granted Quindell the exclusive right to acquire Silverbeck Rymer until 31 December 2012, even in the event that a higher valued bid is received, to allow time for the process to complete.

Rob Terry, Chairman and Chief Executive of Quindell said:

"We are delighted to have reached an agreement, which represents a significant opportunity for everyone involved. Quindell will provide Silverbeck Rymer with the opportunity to grow through giving access to the Group's industry contacts and technology expertise, whilst partners and shareholders can share in the benefits of participating as holders of Quindell's equity.

Silverbeck Rymer is a robust business and performs well in its own right, however the combination of Quindell, Silverbeck Rymer and Mobile Doctors together represents a significant opportunity for us to address the issues faced by the insurance industry within one of its three key areas of claims leakage: personal injury. We look forward to continuing to work with the management at Silverbeck Rymer on their brand initiatives, and announcing in due course that we have concluded the formal agreement and obtained the necessary regulatory clearances to complete the acquisition at the earliest opportunity."

Jim Rymer, Chairman of Silverbeck Rymer said:

"We see significant benefits in being part of the enlarged group. Quindell has a rapidly growing presence in the insurance space and we firmly believe in its non-conflict approach to working with insurers. Its positioning as thought leader and belief in improving margins whilst lowering costs for the industry sits well with our philosophies of working alongside insurers to help combat fraud and other areas of cost escalation, whilst being an active promoter of fairness and protector of consumer rights and championing industry change."

nice SP action today...buiding nicely for the future,,anyone else want in ? could be a double/triple bagger from here in the next 12 months (imho, dyor..etc)

SkyH

Yes I looked at these a couple of weeks back. Had my finger over the button and spread put off at that time. Opted for something else but it is still on my watch list.

Looks good to me - Riv

part of a write up from last month's Techinvest...


Latest results are for the nine months to June
30. Total revenues were £1.82m compared
with £0.15m for the comparative period. The
Software and Consulting division recorded
revenues of £0.86m and the Business Process
Outsourcing division, £0.97m. Adjusted
EBITDA totalled £0.85m compared to an
adjusted loss of £0.39m. Pre-tax profit was
£0.02m against a loss of £0.05m last time and
the cash balance ended the period at £1.12m.
Since the summer the Company announced
two further acquisitions. Main Finance, a
financial advisory business, was acquired for
£2.1m in shares. Mobile Doctors, an insurance
claims processor, was another all-share
purchase for £2.8m. Mobile Doctors has runrate
revenues of £30.0m and EBITDA of
£2.5m. However, management believe there
is scope to rationalise the cost base and drive
the top line by winning market share.
House broker Daniel Stewart forecasts pretax
profit of £4.7m for 2011, rising to £18.1m
in 2012. Corresponding earnings per share
figures are 0.5p and 0.7p respectively. That
looks excellent value for a business with
strong prospects for organic and acquisitionled
growth.

Buy the shares before the benefits
of Quindell’s innovative business model
become better understood.

QUINDELL PORTFOLIO PLC (QPP.LN), an outsourcing company, said Thursday it expects to announce a series of contracts with some of the biggest U.K. insurance companies in the coming months.

Chairman and Chief Executive Rob Terry told Dow Jones Newswires that the company was in talks to provide outsourced services to several of the "top 10" U.K. general insurers, adding that final agreements were likely in the next three to six months.


The good news keeps coming...will top up on Monday...results March due 19th

Building nicely.. this'll be alot higher in 12months (imho)

Excellent news released this morning! and more to come! SP should be alot higher (imvho)

"Daniel Stewart reiterated its "buy" recommendation for Quindell Portfolio (QPP) with an increased target price of 24p, from 21p. With the consulting and software developer securing a contract worth 120 million pounds over the next three years from an unnamed UK insurance intermediary, the broker increased its full year earnings forecasts for 2012 to 1p, from 0.9p, putting the shares on a prospective multiple of 6.9 times, falling to 3.8 times in 2013. Daniel Stewart also noted ongoing acquisition activity in the group's sector, and views Quindell as a potential target. The shares were unchanged 6.875p."


Bought some more this morning...rude not to as they say....bought at 6.81p showing as a sell! but it's onwards and upwards..great story developing here (imvho)

Motor insurance costs have been rising fast over the past few years and most of us know why. Personal injury claims have been soaring. Whiplash claims alone cost more than £2 billion last year, adding almost £100 to the cost of a typical policy.

Overall, personal injury claims cost the insurance industry about £3.5 billion a year and claims have been rising so fast that the Government is introducing legislation designed to cut the number of fraudulent claims and bring down premiums.

The changes could make life difficult for some of Britain’s less scrupulous ambulance-chasers. But one company, Quindell Portfolio, should benefit and its shares should rise too.

Connected: Quindell's package of businesses make it an attractive partner for large insurance groups
Lawyers currently pay insurers about £1,000 a time for referring injury claims to them.

The average claim yields about £10,000, so there is plenty of cash for the lawyers and the driver or passenger making the claim. But the practice has been widely criticised for encouraging the compensation culture and the Government intends to ban it from next April.

Quindell owns a string of companies that help insurers to process claims more effectively, driving down their costs and delivering a better service to consumers.
The company is run by Rob Terry, who has spent most of his career in the industry. He founded claims handling company The Innovation Group, floated it in 2000 and drove sales from nothing to more than £100 million in three years. He left in 2003, but intends to deliver even more rapid growth at Quindell.

The group joined the Alternative Investment Market last April and Terry has been buying companies since. He has now built a portfolio of complementary businesses. Ai

Claims manages areas such as car repair and car hire after a crash. Mobile Doctors arranges independent medicals when people claim they have been injured in a crash.

And Silverbeck Rymer is a personal injury law firm.

About half Britain’s insurers manage claims in-house, but there is a growing trend to outsource this type of business.

Quindell is an attractive partner for large insurers because it offers a comprehensive range of claims management services. And having Ai Claims, Mobile Doctors and Silverbeck under one umbrella will drive down costs, so Quindell will not need to rely on referral fees and can charge insurers less than most rivals.

The strategy is working and Quindell has already picked up business from Royal & SunAlliance and Ageas (formerly Fortis). Terry is in talks with other leading insurers and a number of contracts are expected to be signed before the end of the year.

Last week, Quindell bought IT-Freedom. It works in telematics, where small electronic devices are installed in cars to show insurers exactly how people are driving. Insurers are starting to use the technology and many more are expected to adopt it. Criticised in some quarters for being invasive, it can help to push down premiums if drivers can prove they are safe at the wheel.

Quindell delivered sales of £13.7 million last year and profits of £6.7 million. This year, brokers expect sales of £80 million and profits of £28 million, while in 2013, sales are forecast at nearly £300 million with profits rising to more than £40 million. Upwards revision of these figures is likely.

Midas verdict: Quindell shares are 5.63p and the company is valued at £145 million.

But Terry is determined to move the group to the main market over the next year and take it into the FTSE 100 within a few years. Brokers believe he can do it.

Encouragingly, he has invested more than £12 million of his own money in the business. Buy.



Read more: http://www.thisismoney.co.uk/money/experts/article-2150388/MIDAS-Quindell-Portfolio-ethical-edge.html#ixzz1w6Ax5HiE

thanks for the above posting doodlebug....good time to buy more i think,,,this has to be a bargain at these levels..can only go one way..and that is up. one/two years time this is a multi bagger! (imho)

Shares magazine article this week:



Rob Terry promising to strike gold a second time

This is a great time to buy Quindell Portfolio (QPP) at 5.63p. The £148m cap has largely completed its acquisition spree to become a fully integrated insurance claims technology and business process supplier. Presuming a conservative re-rating the counter could hit 15p.

Hampshire based Quindell has spent four years in buy-and-build mode and today its several specialist businesses leave it perfectly placed to help insurance companies slash costs. The insurance industry has seen its expenses soar largely thanks to personal injury claims stemming from motor accidents.

Estimates suggest that personal injury claims cost the insurance industry about £3.5 billion a year. Escalating costs have been exacerbated by the emergence of the less scrupulous ambulance-chasing, no-win no-fee law firms. This is becoming such a problem that the Government is passing new legislation to cut the compensation culture by banning the cosy practice of lawyers paying personal injury referral fees.

Tried and Tested

Quindell is run by Rob Terry, the man who founded industry peer The Innovation Group (TIG) and floated it in 2000. He left in 2003 but not before driving sales from nothing to over £100 million after pursuing a string of acquisitions. He has followed a similar path with Quindell, scooping up several businesses to serve the needs of insurance companies, and help them cut costs.

Mobile Doctors provides local medical referral services to car-crash victims, which then passes on claimants to overland health, which supplies fast access to medical care, such as MRI scans. AI Claims provides the same sort of end-to-end service for the damaged motor vehicle, collecting, repairing and supplying an interim replacement car. Silverbeck Rymer squares the circle, an ethically run law firm with an excellent reputation in the industry for weeding out fraudulent claims. This in-house integrated approach means Quindell can drive-down costs for insurance companies and meet a growing desire to outsource the claims management process.

The tactic is working, the company has already won business with Royal Sun Alliance, part of RSA Insurance (RSA) , and Ageas (the old Fortis). Terry is confident that many more deals are on the way. The chief executive officer says its recently won three-year deal with an insurance intermediary is running ahead of initial projections that it would earn around £40 million a year for Quindell. He also confirms the company is bidding on over £500 million-worth of contracts as it stands, and while he won’t win them all, this does underpin analysts’ revenue growth estimates.

Huge Profits Potential

House broker Cenkos Securities expects revenues to hit £156 million this year to end December, rising to over £266 million in 2013, equating to taxable profits of £35.4 million and £61.6 million respectively. Earning per share (EPS) works out at 1p this year, rising to 1.52p in 2013, implying a price/earning (PE) multiple of 5.6, falling to just 3.7, a ludicrous discount to the 14 PE Innovation trades on for 2013. Narrowing that gap to a forward PE of just 10 would imply a 15p share price by the end of this year, for a rough 170% profit, and puts the seemingly steep bid/offer spread of 8.7% into perspective. In the meantime Terry is mulling several items of house keeping that could also help sell the shares to investors. Ditching the AIM quotation for a full London listing looks likely next year, a possible share consolidation aimed at ending any penny share perception that may exist is on the cards, even changing the company’s name to something more suitable is being considered. The company also plans to pay a maiden dividend in 2013. Cenkos reckons the shares are worth 18p and we tend to agree. BUY

SHARES SUMMARY

-Uniquely integrated service

-Insurance cost cutting

-Ridiculously discounted valuation






Time to top up me thinks. It's gonna be an interesting and profitable 12 months! (IMHO)

Hi Guy's, I hope you don't mind me joining your thread. I do like this stock, bought into them 3 months ago. I also read the report in this weeks "Share Mag".

Rob Terry is certainly an ambitious individual, wants to have his company with the top FTSE 100's, now that is what I call ambitious ........He has been successful once, why not twice. I too will be topping up very soon.

This stock is far and away out of my normal stocks; normally Oil and Gas Explorations. There is nothing like diversifying? I have even bought into "Try Star", this stock also in the Share Mag.

Hi G18,
welcome aboard..as they say! no certainty that the sp will increase..some stocks never get noticed etc,etc but it all shaping up pretty good so should do well (imho)

More good news released this morning....just keeps coming!

RNS Number : 8479G

Quindell Portfolio PLC

04 July 2012

RNS For release 7.00 am 4 July 2012

Quindell Portfolio Plc

("Quindell", the "Company")

Update on Software and Consulting Division's Significant Progress
-- Software and Consulting division finished H1 2012 with new record level license pipelines
-- Agreed multiple new contracts and extensions across key markets and a range of geographies
-- Software and Consulting business delivered over GBP8m revenue in Q2
-- Shortlisted for Technology Award at British Insurance Awards
Quindell Portfolio Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their Related Sectors, is pleased to announce significant progress within its Software and Consultancy division in terms of development of its strategy and industry recognition as well as significant increases in both revenue and profitability for the first half year and particularly in the Second Quarter of 2012.

The Company's Software and Consulting division finished the first half of 2012 with licence pipelines at new record levels. During the quarter we agreed multiple new contracts and extensions to existing client contracts across our key markets, being Insurance and Telecoms, and a broad range of geographies including the UK, South Africa, North America, Australia and in Continental Europe. Our clients now include blue chip insurance or telecoms brands in each of these major markets with a mixture of "on premise" and "software as a service hosted applications", demonstrating the viability and global applicability of our industry technology solutions.

Second Quarter revenues including initial licence fees, other success or milestone based fees and other software and consulting revenues in combination exceeded GBP8m in a quarter for the first time. This has resulted in the Software and Consulting business delivering over GBP11m revenue in total for the first half of 2012. These new contracts, together with our new business pipelines, helps to further underpin market expectations for this division for the full year 2012 and beyond.

In addition we have continued to move forward the industry recognition of our insurance technology solutions with inclusion in independent market research by Celent in their insurance industry technology reports and with our 'Challenger ICE' insurance claims solution being shortlisted for the Technology Award in our joint submission with insurethebox for the 2012 British Insurance Awards.

A full pre-close trading statement for the half-year results will be announced on Monday 9 July 2012.

Rob Terry, Chairman and Group Chief Executive of Quindell said: "I am delighted with the progress in our software and consulting division during the first half of this year and particularly in the second quarter. We look forward to building on this positive momentum in the second half of 2012 and beyond."

Good news for sure........Let’s hope this is the beginning of a momentum in the sp.

I bought a few QPP yesterday, certainly looks promising.
2517

I thought these were superglued to 5.40p, certainly took some shifting.
2517

Looks as though that "Superglue" has been removed...........Let’s hope this is the start of a long trip northbound?

Would be good G18, is the volume today normal or higher than normal, not long followed these so just curious.
2517