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I agree with you mjolnir1, however, in order for the main market listing to happen, this was always going to happen. find a stock on the fuse 250 at 20p. This resembles forward thinking commitment from qpp, and is integral to the growth of this company. IMO it is at the very least a positive bit of news. The reduction in the number of shares also means levels of demand will have more affect on the sp, as opposed to at the moment. which will in time reflect the real interest in this company

anyone getting a live price> auction>

$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

A joint venture between the RAC and technology group Quindell set up to market “black box”-based car insurance has been valued at as much as £1bn, before it has even signed up its first customer. The new company, Connected Car Solutions (CCS), is initially targeting 2.1m RAC breakdown customers and aims to have 1m of them signed up by the end of next year. They will be offered, at no cost of installation, an electronic black box capable of building up a driving profile that can be used to negotiate a better insurance deal and provide information needed to process accident claims. CCS will build up what it believes will be a considerable revenue stream from handling accident and personal injury claims and black box subscription fees of between $5 (£3) and $15 (£9) a month.