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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Qinetiq Group Plc | QQ. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.20 | 0.94% | 344.40 | 16:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 342.60 | 341.80 | 347.20 | 344.40 | 341.20 |
| Industry Sector |
|---|
| AEROSPACE & DEFENCE |
| Top Posts |
|---|
Posted at 28/2/2024 05:51 by johnrxx99 But to my mind a divi would be more appreciated by the small investor. Buy backs are for the board and the Institutions imo, scratching each others backs. |
Posted at 16/1/2024 07:08 by someuwin QinetiQ Group plcThird Quarter Trading Update and Share Buyback Programme 16 January 2024 - QinetiQ Group plc ("QinetiQ" or the "Group") today issues a trading update covering its third quarter and announces its intention to commence a share buyback programme to return up to GBP100 million to shareholders over 12 months. On-track to deliver full year expectations The Group has delivered good operational performance in the third quarter, with continued organic revenue growth and operating profit margin in line with our expectations. Order intake has continued to remain strong, with year-to-date orders at circa GBP1.35bn and revenue under contract for the full year improving to 95%, higher than this time last year. As expected, cash generation has been very strong with cash conversion significantly above 100% in the quarter. We are now back in-line with our normal cash profile and on-track to deliver 90%+ cash conversion for the full year, as previously guided. Overall, the Group is making good progress and we remain on-track to deliver in line with expectations for FY24 [1] . EMEA Services has continued to perform particularly well with strong revenue growth offsetting modestly lower Global Solutions revenue, due to longer than expected continuation of US market uncertainty and budget delays. Reflecting this Avantus revenue growth will be around the lower end of our second half expectations, however the business continues to win significant new business strategically aligned to national defence and security priorities, pleasingly ahead of our plan, with $872m [2] of new contract awards so far this year. Strong orders momentum and good programme execution, demonstrated by the successful transition of the Tethered Aerostat Radar System (TARS) under our operational control ahead of schedule in December, underpins our continued confidence in Avantus delivering our medium and long-term growth expectations. Capital allocation and launch of GBP100m share buyback programme Our strategy to deliver long-term sustainable growth is unchanged and underpinned by our disciplined capital allocation policy. As explained at our Investor Seminar in October 2023, we continuously evaluate the deployment of our capital to maximise value through organic and inorganic investments and to deliver healthy returns for our shareholders, whilst maintaining a prudent balance sheet. During the third quarter we have continued to manage our pipeline of inorganic opportunities, but at this present time no potential acquisitions meet our rigorous strategy-led and financial criteria. Given the strength of the Group's balance sheet, the highly cash generative nature of the business and the Board's view of the current undervaluation of the Group, we have concluded that now represents a compelling time to return excess capital to shareholders. We are therefore pleased to announce the launch of a GBP100m share buyback programme in February 2024, subject to shareholder approval, that we expect to complete over the next 12 months. The proposed share buyback programme represents an attractive use of our capital to drive shareholder value, whilst maintaining leverage less than 1.5x (net debt/EBITDA) and maintaining the financial flexibility to invest in the ongoing execution of our strategy to deliver sustainable growth and attractive returns. Steve Wadey, Group Chief Executive Officer said: "QinetiQ has a critical role in ensuring our customers across our home countries of the UK, US and Australia have the defence and security capabilities they need. Our excellent order intake demonstrates the continuing demand for our high-value, cutting-edge services and products. Our operational performance in the third quarter underlines our confidence in delivering another year of good organic growth at stable margins with strong cash conversion. "Given the Group's high cash generation and confidence in the long-term outlook, we are pleased to announce the launch of a GBP100m share buyback programme to increase returns to shareholders, whilst maintaining the ability to deliver our long-term growth strategy." |
Posted at 25/10/2023 07:30 by someuwin QinetiQ Group plc25 October 2023 News release QinetiQ Group plc Investor Seminar: Drivers of our sustainable growth 25 October 2023 - QinetiQ Group plc ("QinetiQ" or "the Group") today is hosting a seminar where we will outline our overall strategy and drivers of our sustainable growth. 1. UK Intelligence - a high growth GBP400m revenue business that has delivered 28% CAGR [1] over the last 4 years, well positioned as a critical partner to our UK defence and intelligence customers; 2. United States - a $600m revenue disruptive mid-tier defence and intelligence business following our successful acquisition of Avantus last year, with significant growth momentum and a qualified pipeline of opportunities of over $2bn; and 3. Australia including global threat representation - an A$400m revenue specialist advisory, engineering and threat representation products and services business with significant global growth opportunities. The defence and security context worldwide has heightened the need for our six distinctive offerings giving significant growth potential within our >GBP30bn addressable market. We have delivered 9% organic revenue growth over the last four years, over twice the rate of growth in the defence budgets of our three home countries: the UK, US and Australia. Defence budgets are increasing around the world and we expect to continue delivering growth outpacing those budgets, driven by our structural alignment to high priority market segments that are increasing at faster rates. Based upon our clear strategy and unique set of distinctive offerings, we have a robust plan to grow our company organically to GBP2.4bn revenue [2] at stable margins, with optionality for strategic acquisitions to reach our GBP3bn revenue(2) ambition at 11-12% underlying operating profit margin and ROCE [3] at the upper end of the 15-20% range. We have a clear and robust capital allocation policy and are targeting to maintain a prudent balance sheet with leverage [4] under 1.5x. With capital intensity reducing we expect to see cash flow yields improve over the next few years. The seminar will be presented at 101 Park Avenue in New York. You are invited to join us from 08:15 EDT to see a selection of our capabilities and products, as well as meet our leadership team. The presentation will start at 09:00 EDT (14:00 BST) and there will be an option to view online if you cannot join us in person. Access to the event is via registration on our website: A recording of the seminar will be available at www.QinetiQ.com/inve |
Posted at 16/6/2023 14:29 by blueclyde RNS re Blackrock selling down some of their stake seems to be the reason this did not fly on fantastic guidance. I can see Blackrock sold down across various stocks which is probably due to rebalancing as investors continue to flea Brexit Britain. Hopefully this share can now rise steadily. |
Posted at 10/11/2022 14:44 by bartyb Why is it dropping after strong results0/11/2022 7:00am UK Regulatory (RNS & others) Qinetiq (LSE:QQ.) Intraday Stock Chart Thursday 10 November 2022 Click Here for more Qinetiq Charts. TIDMQQ. RNS Number : 9161F QinetiQ Group plc 10 November 2022 Interim Results 10 November 2022 Contributing to global and national security Results for six months to 30 September 2022 ('H1 FY23') Statutory results Underlying* results H1 FY23 H1 FY22^ H1 FY23 H1 FY22 Revenue GBP673.4m GBP600.1m GBP673.4m GBP600.1m Operating profit GBP100.1m GBP41.0m GBP74.1m GBP53.4m Profit after tax GBP112.4m GBP22.3m GBP65.4m GBP46.6m Earnings per share 19.5p 3.9p 11.4p 8.1p Interim dividend per share 2.4p 2.3p 2.4p 2.3p Orders GBP798.8m GBP677.8m Order backlog GBP2,968.6m GBP3,007.6m Net cash flow from operations GBP99.5m GBP64.2m GBP106.8m GBP70.2m Net cash GBP264.0m GBP139.2m GBP264.0m GBP139.2m * Definitions of the Group's 'Alternative Performance Measures' can be found in the glossary ^ Prior period comparatives have been restated due to a change in accounting policy in respect of software implementation costs. See note 1 to the interim financial statements. Strong and consistent operational performance across the Group - Orders up 18%, revenue up 12% and underlying operating profit up 39% - On an organic constant currency basis, and excluding the impact of the write-down in FY22 half year results: Orders up 11%, revenue up 8% and underlying operating profit up 7% - Consistently strong cash conversion at 106% cash conversion pre-capex - Statutory operating profit GBP100.1m, assisted by FX gain on Avantus acquisition - Underlying EPS up 41%; 2.4p interim dividend declared - one third of FY22 dividend Disciplined execution of multi-domestic growth strategy - Strong programme delivery across all major contracts - Good order intake across the Group at c.GBP800m - Increased investment in people and capabilities for the future - Step-change through strategic acquisitions in the US and Australia On-track to deliver five year strategic growth ambition; GBP2.3bn revenue at stable margins - Increasing revenue guidance and will deliver profit in-line with FY23 expectations - Respond to increased demand for our distinctive offerings driven by threat environment - Close Avantus and Air Affairs deals and execute integration plans - Drive sustainable growth in our >GBP20bn addressable market Steve Wadey, Group Chief Executive Officer of QinetiQ said: "World events continue to reinforce the vital importance of a technologically advanced defence industry to society and the needs of our customers for differentiated solutions, aligned with our strategy. I am immensely proud of how our people have supported our customers at this time of need: we are fulfilling our company purpose and contributing to global and national security. Our first half results demonstrate the strong demand we continue to see from our customers for our distinctive offerings. We have delivered good programme execution and delivery across all our major contracts. Our home countries of UK, US and Australia have all achieved significant organic growth and the US has performed particularly well, delivering improved and consistent performance. We have also secured two strategically significant acquisitions in the US and Australia, Avantus and Air Affairs respectively, which demonstrate the disciplined execution of our growth strategy and capital allocation policy. We have increased our investment in our people and capability for the future to enable our long-term growth, as we continue to build an integrated global defence and security company. We are on-track to deliver our 5 year strategic growth ambition and enhanced shareholder returns." Interim results presentation: We will be hosting an in-person results presentation at 09:30 GMT at the London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS. Registration to join in-person or via the live webcast is available here: |
Posted at 04/11/2021 09:55 by unctuous rimau1, We’re down more than 20% now. That’s equivalent to the market saying that we’ll never make another cent in the US market. Which is nonsense. The panic is because when UK investors see unquantified contract problems, margin pressures etc. they think it’s another Carillion. It isn’t. It’s a huge buying opportunity. |
Posted at 04/11/2021 09:10 by volvo rimau I agree with initial thoughts re the US, but in the phone in with investors following the TS the CEO and CFO continually talk of a short term problem with a max £15m price tag, hopefully much less, all working hard to mitigate problem and come up with solutions.Also states hopefully further more positive update with results which are in line with expectations. |
Posted at 04/11/2021 07:56 by rimau1 The problem here was well flagged by QQ in the TU. Although there is a big issue with one specific contract the market is more concerned about the wider US market where QQ have flagged supply chain disruption, ongoing impacts from Covid, impact of a new US administration (a slow down in bidding pipeline) and the withdrawal from Afghanistan. Compare this with Chemrings TU this week where they stated that although there are supply chain problems they are being managed and there are no impacts, its US business is trading in line. This IMO is the reason for the continued derate and it becomes a binary bet on results next week. High risk high reward but a new investor is trying to catch a falling knife here until results. I hold from many years ago but would not add until results. |
Posted at 30/10/2020 09:16 by frazboy Only 30% of T/O is from overseas, but I guess much of that is the US of A?Meanwhile, the share price is approaching 12x this year (2020/2021) earnings At what point is this a buy? If we take a dividend yield of approaching 4% (arbitrary choice but I'd buy for yield at that point) as being supportive, then it's got some way to go. I have a few but don't want to double down until that chart improves or it becomes a yield stock. |
Posted at 23/7/2020 15:53 by 3rd eye Well just found this on an obscure site and it seems to have been well overlooked by British Investors/traders.QinetiQ QQ. Defensive .......... science and engineering company operating in the defense, security and aerospace markets. Now just look at this............ Major Ben (name withheld for security reasons), a British Army pilot working with Dstl said: 'We've been following QinetiQ's progress as it prepared the system and seeing it in action, we believe this could be a game-changer for us. The ability to use a manned/unmanned with any manned helicopter in the UK fleet has huge potential. We can't wait to get our hands on the system and put it through its paces during AWE19'. if thats not a game changer I dont know what is. hxxps://www.marketsc Ive bought in immediately trades on a forward P/E of just over 16. A game changer in defence and Military. share price is down today which offers you a chance to get in on the cheap.......a real steal imo. Charts not up to much now but watch this one go. |
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