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QDG Quadnetics Grp

290.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Quadnetics Grp QDG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 290.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
290.50 290.50
more quote information »

Quadnetics QDG Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 03/5/2012 23:05 by varies
Is it my imagination or did i see somewhere that QDG was changing its name to Synectics ?
Posted at 02/4/2012 16:12 by immokalee
MTG, be interested to know do you hold QDG?
I have been playing around with some indicators this afternoon and QDG has been flagged up.
Posted at 01/3/2012 10:33 by safarinorman
The results and the news of new business should move the share price upwards, the market prices what it thinks the company will do in the future, i am sure the share holders of QDG will see the target price raised by the analysts, and 20% above the 300p target is very easily achieved in the short term, and the dividend is good, so i expect good reviews and a higher re-rating on the share price.

Good to see a company with its directors showing that good quality companies can expand and grow the business, this will be one company to invest in this year.
Posted at 04/3/2011 09:46 by davebowler
For Immediate Release 4 March 2011


Quadnetics Group plc

Preliminary Results for the 18 months ended 30 November 2010

Quadnetics Group plc, a leader in advanced surveillance technology and security networks, reports its preliminary results for the 18 months ended 30 November 2010.

Financial highlights


-- Underlying profit* before tax up 77% to GBP2.6 million
(2009: GBP1.5 million)
-- Underlying EPS* up 92% to 12.5p (2009: 6.5p)
-- Recommended final dividend 4.5p per share making 7.0p
for the 12 month period to 30 November 2010 (2009:
7.0p)
-- Profit before tax for the 18 month period ended 30
November 2010: GBP1.2 million (12 months ended 31
May 2009: GBP0.5 million)
-- Basic earnings per share for the 18 month period ended
30 November 2010: 5.5p (12 months ended 31 May 2009:
1.7p)
-- Net cash at 30 November 2010: GBP3.3 million (2009:
GBP3.4 million)
-- Order book up 24% to GBP27.3 million (2009: GBP22.1
million)


Operational highlights


-- Operational restructuring completed and benefits starting
to flow
-- 3 major new Synectics product launches
-- Significant contract wins in banking, prisons and
oil & gas sectors
-- Acquisition of defence joint venture partner brings
new surveillance product and technology team


Figures quoted are unaudited figures for the 12 month periods to 30 November 2010 and 30 November 2009 unless otherwise stated.

* Underlying profit represents profit before tax, exceptional costs and share-based payments charge. Underlying earnings per ordinary share is based on profit after tax but before exceptional costs and share-based payments charge.

John Shepherd, Chief Executive, commented:

"It is pleasing to see the results of integrating and refocusing the business starting to bear fruit. The significant profit improvement compared to the prior year has been delivered in spite of a 5% reduction in sales. This is in line with our stated aims of striving to increase both absolute profit and return on sales. As we continue to focus on selling higher margin integrated systems in our chosen niche markets, we expect this profit trend to continue. The significantly reduced overhead cost means that we will be able to take advantage of improving global market conditions to deliver higher profit margins.

"In our July statement I promised that we would increase our pace of innovation and this has resulted in the launch of three new market leading product families. The establishment of the Synectics Group Technology Centre at our Sheffield facility will enable us to develop more common-core hardware and software products which we can exploit in many different market opportunities. The higher order book gives confidence for further improved performance in 2011."
Posted at 06/12/2010 11:15 by yoyoy
"Three Key Delay Issues – QDG cited three key reasons for the shortfall against forecasts: a supply-chain issue affecting the fulfilment of large orders for the US casino market; a new UK banking customer whose rollout slipped beyond November 2010; and a large anticipated Synectics order, for November delivery to a UK local authority customer, which has been delayed until next year. "


a) How do you have a supply-chain issue these days?

b)UK Banking - likely to be fewer branches and fewer offices etc

c)UK local authority customer slippage - not surprising. Presumably until budgets allow. Earliest will be April 11, but wont be surprised at further slippage
Posted at 06/12/2010 10:28 by davebowler
Brewins;

Quadnetics (B)(A) – Greig Aitken (0845 213 4206)

Trading Update – BUY (Unchanged since 04/02/09) – Current 12m Price Target: 220p – Current Price: 178.5p – Market Cap: £31.4m

· FY10 to fall short of expectations – Today's trading update contains disappointing news of an expected shortfall against FY10 forecasts, though the fact that this shortfall is largely attributable to contract slippages which will soon be resolved reassures us that Quadnetics' post-restructuring recovery story remains on track. This assertion is further supported by an increasing order book and some significant new contract wins.

· Three Key Delay Issues – QDG cited three key reasons for the shortfall against forecasts: a supply-chain issue affecting the fulfilment of large orders for the US casino market; a new UK banking customer whose rollout slipped beyond November 2010; and a large anticipated Synectics order, for November delivery to a UK local authority customer, which has been delayed until next year.

· FY10 forecasts downgraded – With the delays impacting some particularly high margin areas of business we expect there will be a leveraged impact on bottom line earnings in FY10, therefore we are reducing FY10e sales forecast by 9% to £61.9m (£67.6m) and EPS adj. forecast by 21% to 12.0p (15.3p). We highlight however that this would still result in strong earnings progression against FY09 (FY09 EPS Adj.: 6.6p). With uncertainties in the market, particularly surrounding local authorities' spending cycles, we are leaving FY11 forecasts unchanged at present, though clearly the year will get off to a strong start through the delivery of the delayed FY10 contracts. The increase in order book to £28m (Nov 2009: £22m) lends further confidence to our expectations of strong growth into FY11.

· PT unchanged – Our current target price of 220p is 13.0x FY11e earnings, which is a 21% discount to peers who currently trade on 16.6x FY11e therefore we leave it unchanged. We maintain our BUY recommendation.
Posted at 26/7/2010 13:22 by yump
I'm not very familiar with IND - remember looking at it back in 2007 when it had already flown to a quite a toppy p/e if I remember correctly and that scared me off. Perhaps they've reached that critical size of company where it becomes quite difficult to grow and the share price goes into a period of adjusting to that with a cycle of new hope for growth and then disillusionment.

Those vertical jumps with smallish companies when they start posting high growth often seems to make a mess of the share price for a few years - I guess after the heights, nobody can really work out what its worth or how it should be rated.

Hoping that QDG can grow reliably at some point from a much smaller base and that the growth doesn't all come in one burst !

Plus IND seems to have had a big following over the years, which may have contributed to the big changes in rating.

QDG pretty quiet so far.
Posted at 22/7/2010 20:10 by the analyst
I agree with you on that one, yump

On a different note, I'm finding it interesting to see the disparity in performance between QDG and IND so far during 2010 - any thoughts on that?
Posted at 03/3/2010 14:26 by davebowler
Cheap shares are scarce

Richard Beddard from
03.03.10 12:01 Money Observer article




There are a number of reasons I was choosier at the end of last year with additions to the Thrifty 30 portfolio. First, many companies choose the end of the calendar year as their financial year end, which means there was a dearth of reports to refer to as the rush of annual reports happens in the first four months of the new year. So with fewer companies to choose from, perhaps the quality suffers, but by the time you read this that shouldn't be a problem.

Second, cheap shares are scarcer. The FTSE All-Share index closed the year about 50% higher than its March lows, which makes me yearn for those days of panic again.

Currently, the average long-term price/earnings ratio of UK shares is about 14. That's not expensive. Two years ago the p/e was more like 20 (in March, it was just eight), but it means there are many companies that are too pricey for a thrifty portfolio.

I can afford to be choosy too. Having added 16 companies, the majority of berths in the Thrifty 30 are full. I'd only want to fill them all if the market was very cheap and that opportunity has gone for now. Keeping some cash will reduce losses if share prices crash again and give me the firepower to buy cheap companies. It means sacrificing some profit if the market goes up from here, but in the long term the Thrifty 30 will do better if I behave contra-cyclically - buying on the lows, in other words.

Our trio joining the in-crowd

Quadnetics (QDG) makes and markets surveillance equipment such as CCTV cameras, video recorders and the software and hardware that controls and links them to other systems such as alarms. In the 1990s it was a struggling conglomerate, but it shed its aerospace and engineering interests. However, after a promising couple of years, growth has stalled, which is something its new chief executive hopes to put right.

Alumasc (ALU) is a collection of companies that make building materials for big developments and housebuilders. It has a wide product range, from solar shields and 'green roofs' made from growing plants, to mundane manhole covers and toilet cubicles. Not surprisingly, scaffolding sales and other premium building products have been hit by recession, but its more exotic sustainable energy management category grew. Diversity seems to be its strength.

Civil engineer Waterman (WTM) helped rebuild post-war Britain and develop the City of London. More recently, it has clung on to the coat-tails of globalisation, going wherever there's a construction project to manage, design or plan. As much as it's grown through these building booms, it's also cut back sharply during the contractions that followed. This time is no different and Waterman, to a greater extent than Alumasc and Quadnetics, has cut staff and restructured in the recession.

All three companies look cheap. The priciest is Quadnetics, which costs 12 times earnings averaged over 10 years. The other two are outright bargains with Waterman, for example, costing just four times earnings. However, it is, perhaps, the riskiest because of its debt; a black mark it shares with most of the companies I rejected. It also expects to write off some of the money it's owed or has invested in deferred or cancelled building projects.

Although I'll keep adding shares during 2010, I'll be even more judicious about it.

The market p/e

Just as we can compare the price of a company's shares to its profits or earnings (per share), we can compare the price of a stock market index to the profits of all the companies represented by it to establish whether shares are cheap or expensive.

Since the 10-year average smooths out temporary declines in profits during recessions, and temporarily enhanced earnings during booms, the resulting price/earnings ratio is a more dependable measure than a p/e ratio based on a single year's profits.

Robert Shiller, an American professor, pioneered the "cyclically adjusted price/earnings ratio" for the US stockmarket going back as far as 1880.

My more modest attempt to chart the cyclically adjusted p/e ratio for UK shares starts in 2007. Read more about it in the blog I wrote on the subject.

This article was taken from the February 2010 edition of Money Observer.
Posted at 04/2/2010 09:14 by yump
Yes, here's that article in full for any newcomers who want to read beyond the attention grabbing headline:

Surveillance systems specialist Quadnetics Group turned a £527,000 profit into a £189,000 loss in the first half year.

Turnover at the Warwickshire-based company fell 16 per cent to £29.8 million in the six months to November, partly as a result of delayed orders in the North American gaming surveillance market and the Middle East. Chairman David Coghlan says this was offset by the success of AIM-quoted Quadnetics' new suite of 'Synectics' network and mobile surveillance products and a restructuring set in train by chief executive John Shepherd, who was appointed towards the end of 2008.

Restructuring costs contributed to a halving of cash to £3.4 million at the end of November, but the company is maintaining its interim dividend of 2.56p a share. Quadnetics won £3.7 million of new business with the Stagecoach transport group, £2.1 million with UK Prisons, £1.6 million with Kashagan oilfield and £1.1 million with Nexus Rail during the first half, which the company ended with firm orders down 15 per cent to £22 million, though its prospective order 'pipeline' was up 70 per cent at £52.5 million.

By the end of December firm orders had risen to nearly £29 million, says Coghlan. He argues Quadnetics should now gain from the restructuring programme's cost reduction measures and upturns in the Middle East and North America.

Quadnetics shares, which were as high as 350p over the past two years, now trade at 150p, up from a year's low of 93p. They could rally further if the company's programme succeeds.

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