Re: QPP Stream Log - $5 (£3) and $15 (£9)...

$5 (£3) and $15 (£9) a month........ The partners have invested £30m in a tie-up that has paved the way for them to sign the world’s biggest insurance-linked telematics contract Britain is one of the fastest growing markets after Italy for telematics services linked to motoring and insurance. Quindell has been one of the pioneers, and after taking the RAC deal into account, analysts at Cenkos believe, long term, the group will be worth £15bn. The heady valuations of both Quindell and CCS are based on meeting optimistic growth targets and initially relying on the sales ability of RAC breakdown crews. They will have the task of persuading motorists it will be worthwhile installing a black box when they attend breakdowns or handle service repairs. CCS will roll out its service in July, with the aim of installing 50,000 boxes a month this year and doubling the number next year. Cenkos expects CCS to make a profit of £58m before interest, tax and depreciation next year and rapidly build up earnings from its long-term target of 15m subscribers. Rob Terry, founder and executive chairman, said the Quindell model would “revolutionise the insurance industry” and cut the cost of claims. In a trading update on Monday, Aim-listed Quindell said telematics growth was exceeding all market expectations