foreverfalling, I think I read somewhere (could have been the Mail Midas article a couple of weeks ago) 0.1p this year and looking towards 0.4p if all goes to plan for next year. I would have thought that this will be announced with the end of year accounts. Of course, I could be waaay out. :)
We know that results are due towards the end of March. Tomorrow is only 7 March.
There is every possibility that QPP will release pre result news, by way of confirmation ofthe date ofthe final year results. I would imagine that there is fear growing amongst those who want in but have not yet got in, that time is running out. I would expect to see strong buying towards the end of the day tomorrow.
I've written you this letter to show you how much I care, and to telI you I do notice all the qualities you have.
You're reliable, always give great trading updates which exceed market expectations on every parameter, notably revenue and profit.
You're successful, proven by the number of contract wins you achieved from the beginning of November, with values that are in excess of £450 million.
You're attractive, shown by an increasing number of big players within the insurance sector that are choosing to adopt you to be their go to outsourcing provider.
You're desirable, why would all these institutional investors which are increasing their stakes by significant amounts if you weren't?
Even the brokers can't resist, the number of broker 'Strong Buy' ratings and increasing target prices, with a conservative view of at least doubling today's price in the mid term.
You're multi lingual, understood around the world by anyone who meets you. A dual listing which now looks very likely to be in the US rather than Canada, due to it's reception in the worlds biggest economy. Let's not forget the stir you're about to cause in Asia too darling.
You're mature, and when you move to the FTSE 250 this will enable new funds to access your shares which they wouldn't have previously been able to whilst on the AIM. This includes tracker funds which usually hold between 6-8% of a company's shares by default. This transfers into a jump in price once a share enters the 250
Your maiden dividend due to significant profit reserves, well what can I say, you always told me you'd reward me if I was patient.
You're growing, recent acquisitions and increased stakes in Himex and Ingenie of which will give us access to wider markets, namely the US, Canada and Asia.
You're accommodating, with a unique vertical proposition that Quindell offer presents them as an irresistible solution for prospective clients to significantly reduce costs.
I know you feel undervalued, especially against you peers in the same sector who don't have half of what you've got. You have got a low P/E and impressively low PEG, but that will all change now. I've opened my eyes.
On Stockopedia the 12m rolling forecasts are:- PE Ratio 10.3, PEG .32. Think estimated revenue etc for 2013 is used so could be better than this (yes I know they could be worse) However a PEG under .5 is deemed excellent and most of the QPP report page is a very nice shade of green
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