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QQ. Qinetiq Group Plc

368.40
1.80 (0.49%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Qinetiq Group Plc LSE:QQ. London Ordinary Share GB00B0WMWD03 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.80 0.49% 368.40 575,084 16:35:06
Bid Price Offer Price High Price Low Price Open Price
369.80 370.20 374.80 366.00 374.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 1.58B 154.4M 0.2681 13.80 2.13B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:51:25 O 1,634 368.40 GBX

Qinetiq (QQ.) Latest News (1)

Qinetiq (QQ.) Discussions and Chat

Qinetiq Forums and Chat

Date Time Title Posts
09/5/202408:35QinetiQ with Charts & News1,599
18/8/200911:04Bargain?5
04/6/200914:41QinetiQ Group plc - who's arming with them?972
04/6/200618:25QuinetiQ - Diluting the shareholding?7
11/5/200608:30QinetiQ-IPO=$$$ for PI's6

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Qinetiq (QQ.) Most Recent Trades

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Qinetiq (QQ.) Top Chat Posts

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Posted at 12/5/2024 09:20 by Qinetiq Daily Update
Qinetiq Group Plc is listed in the Security Systems Service sector of the London Stock Exchange with ticker QQ.. The last closing price for Qinetiq was 366.60p.
Qinetiq currently has 575,899,530 shares in issue. The market capitalisation of Qinetiq is £2,130,828,261.
Qinetiq has a price to earnings ratio (PE ratio) of 13.80.
This morning QQ. shares opened at 374.80p
Posted at 02/5/2024 09:18 by swiss paul
Higher EPS = Bigger bonus for board. Champagne all round!

Also its a badge of shame as what it tells us is that we have this money and we cant find anything - anything that is, which will give more than a basic return.

Others who make from it are brokers buying them for QQ. They can use back doors , derivatives and other financial ways to get more than their 'commission'.

Give me the money as I can find a good use for it. But that does not suit the self serving interests of the BOD.
Posted at 30/4/2024 16:18 by kibes
Shell and BP have been buying back shares for 25 years and it has never done anything for their share prices, which have gone nowhere over that period. How long term are you thinking?
Posted at 29/4/2024 08:51 by kibes
So. They have bought back their own shares every day since the 8th February, when the price was 360p. And where is the share price now? 344p. They are just blowing the money away.
Posted at 16/4/2024 11:02 by vrman2point9
The US economy has been doing fine, so what are the "difficult market conditions" affecting QQ. Presumably the political standoff stalling gov funding?
Posted at 16/4/2024 09:46 by kibes
Before the share buyback the company had an enterprise value plus cash. After the buyback the enterprise value is exactly the same but the cash has gone. Just disappeared into thin air. Who thinks this a good idea? And did the share price go up?
Posted at 12/4/2024 09:30 by kibes
So much for the continuous share buybacks they are doing nothing for the share price at all. They are just pouring away cash which could have been given to shareholders in dividends or otherwise saved for investment in new products (like Dragonfire - it is ridiculous it won't be ready for 3 years).
Posted at 10/2/2024 15:19 by bedford1976
I would not be surprised if the share price does not reach £4.50 - £5 with the share buyback in progress. Even at £5 the shares are pretty cheap for the sector.
Posted at 06/12/2023 20:30 by someuwin
QinetiQ: £500m acquisition or buyback? This American bank has its say

Published: 14:36 04 Dec 2023 GMT

US investment firm Citi has proposed that QinetiQ Group PLC (LSE:QQ.) could greatly benefit from a share buyback programme.

This suggestion comes in response to the defence contractor's share price underperformance this year.

Citi's analysis indicates that £500 million could potentially be deployed to repurchase stock and could be more financially advantageous than the equivalent expenditure on acquisitions as it would be value accretive, not just earnings enhancing.

Such a strategy, Citi believes, would likely be received positively by the market. This recommendation offers a strategic alternative for QinetiQ in navigating the current financial landscape and enhancing shareholder value amidst market fluctuations.
Posted at 12/10/2023 19:53 by wad collector
Must confess I am a bit disappointed by QQ share price performance over last couple of years. There are obvious reasons why the sector is a vital one that justifies priority spending and that QQ is a leading supplier, but the share price has not performed as well as I expected considering the high profile of defence issues in the West.
At least it has held its price unlike most of my holdings...
Posted at 14/8/2023 10:34 by melody9999
1 I don't accept the crtiticism of Wadey selling. He also sold chunks on 220721, 120820, 010719, 210618 so this is not affecting the current share price. But he is certainly well rewarded ....if anyone has details of the 2017 QinetiQ Group plc Incentive Plan (Bonus Banking Plan) easily available, I would be interested to see

2 I am also not sure about contract issues; any material issues would need to be RNS'd. I note the company's trading update of 200723, just 3 weeks ago which references profit:

We have made a positive start to FY24. Order intake has continued to remain strong and we are pleased with our revenue, profit and cash performance. Our visibility on revenue under contract for FY24 has increased to £1.3bn, up from £1.1bn at April 2023. Consequently, we remain confident of delivering in-line with our expectations.

3 I am thinking the current share price weakness in what is a strong defence market could be due to forced redemptions by some hedge funds that are major holders of QQ. stock.

But if anyone else has any thoughts, then that would be of interest as I am considering adding at these levels.
Qinetiq share price data is direct from the London Stock Exchange

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