Quindell Portfolio – 11.625p

25th March 2013 – acquisition

Quindell, the fast growing provider of sector leading expertise in software, consulting and technology enabled outsourcing to the Insurance sector has announced the acquisition of cloud based SaaS provider to the medico-legal services industries. This will expand Quindell’s operations into markets that it is not directly servicing. The acquisition is to be financed by a mixture of cash and equity and is expected to be earnings enhancing in the current year. This is a fast growing company in attractive specialist markets. The shares have been weak of late and this looks like a good opportunity to BUY.

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