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Quindell Portfolio

November 2013

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.

  • Epic Code:
  • QPP
  • Price:
  • 17.5p
Quindell continues to play a blinder with a Q3 statement confirming that it expects to achieve 2013 expectations and to exceed the top end of market expectations for FY14. This follows news earlier in the month that its Services division had won a contract with Direct Line worth £50m+ pa plus other agreements with 10 key brands for over £150m annual revenue which will begin to ramp up next year. The Software arm also continues to go great guns.Cash collection remains ahead of plan, resulting in operating cash inflow of £4.5m and it has made good progress in rolling out its “collaboration model†which shortens the working capital gap from 6 months+ to 60 days.   Cannacord's eps forecast is now 2.6p for the cu ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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