Quindell Portfolio – 13.75p

24 April 2013 – contract win

Quindell announced a further contract win today. The contract is to provide a range of business process outsourcing services over, an initial, three years. The contract is expected to generated revenues of approaching £20m, over the  period.   The contract, with one of the UK’s largest Direct Insurers has the potential to grow to be one of the company’s largest. Another positive announcement for Quindell. We retain our BUY rating.

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