I have long since given up trying to make head or tail of AIM-listed, (mainly) insurance-focused business process services player Quindell Portfolio, but it behoves us to note that the company has reported its half-time results which appear to be in line with whatever line it is management had previously drawn.
Founder and (now) executive chairman Rob Terry restated the Board’s intent to upgrade to a full listing on the LSE when it reports FY13 results, which could be as late as May 2014 if as last year. Not wanting US investors to miss out on any opportunity, Terry also mooted a dual listing in North America.
Investors have had an ‘interesting’ ride with Quindell, after its shares took a hiding in May when the company revelaed an 'innovative' equity swap arrangement (see here); this is now fully unwound. The shares have since recovered, though still sit a little under 20% down since the beginning of the year.