Updates

Quindell - Â£120m contract win and broker sets 24p share price target

June 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Quindell has begun to deliver on its promises by announcing it has won a contract worth over Â£120m with one of the â€œUK's largest insurance intermediariesâ€ (an unnamed white label insurance brand operator). The contract is to facilitate a broad range of services including legal support, medical reporting, rehabilitation, accident management, credit hire, replacement vehicles and credit repair. In the first year of the contract the margin will not be that high as various parts of Quindell already have contractual relationships in place but when we spoke to chief executive Rob Terry, he anticipated that he can â€œachieve at least 25% margin on Â£30m sales, implying a Â£7.5m uplift next year.â€Daniel Stewart has lifted its f ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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