Qinetiq Share Discussion Threads

[wad collector] 04/2/2021 09:45

Missed the Q3 TU 13 January 2021 - QinetiQ Group plc ("QinetiQ" or "the Group") today issues a trading update covering its third quarter of trading. Good momentum, maintaining expectations Building on a strong first half to the financial year, the Group has continued to deliver well with continued strong performance through the third quarter. While we remain cautious and alert to the changing COVID-19 environment, we are on-track for our fifth consecutive year of organic growth and we continue to maintain our expectations for the full year, as outlined at our interim results in November 2020.

[salfordimp] 05/1/2021 15:06

More info on EDP hxxps://www.qinetiq.com/en/what-we-do/services-and-products/edp

[wad collector] 05/1/2021 14:22

Like I said , rather mundane.

[salfordimp] 05/1/2021 12:51

EDP is Engineering Design Parnerhip (contract) with the MoD.

[wad collector] 05/1/2021 11:27

Just noticed yesterday's RNS QinetiQ wins GBP127m Typhoon contract through EDP Not to be sniffed at, although there is a bit of double accounting here as they do point out it was included in the £500m forward orders in the November statement. Nevertheless it is a high profile win for the Eurofighter , so deserves some trumpeting. I must confess I misread the EDP as the English Defence Partnership , I wondered if it was some sort of post -Brexit nationalist organisation but pleased to see more mundane explanation.

[philanderer] 11/12/2020 11:31

Qinetiq Group, up 3.2%. UBS raises defence technology company to Buy from Neutral.

[rimau1] 19/11/2020 13:46

Actually Wad the UK accounts for 70% of Qq revenues so the price reaction to todays announcement is a little surprising, perhaps the recent steady rise has something to do with it. I hold this and BAE, expecting an earnings enhancing acquisition from QQ soon with all the cash on the balance sheet.

[wad collector] 19/11/2020 11:16

Yes , surprising that share price has now dropped below opening price. UK is not the biggest customer I suppose. Can't find in this years results the UK percentage of profits but must be somewhere.

[salfordimp] 19/11/2020 07:21

Good news this morning for QQ from the Government https://www.bbc.co.uk/news/uk-54988870 Proposed spending increase in QQ areas of expertise.

[wad collector] 12/11/2020 11:25

Good plan , I was thinking the same.

[ttg100] 12/11/2020 11:01

Encouraging results. Back in black for me and resisting temptation to cash in.

[aaspell] 12/11/2020 09:07

Looks like a good set of results and forecast to me. Taken directly from the RNS "On 30 September 2020 we reinstated guidance for the full year indicating we would deliver results modestly ahead of published consensus. Although there is still uncertainty around how the pandemic may develop and impact customer behaviour and operations over the coming months, with nearly GBP1.2bn of FY21 revenue already delivered or under contract we are again increasing full year guidance." So confirming results for 2020 ahead of consensus and increasing "again" 2021 full year guidance. Coupled with the re-instatement of the final dividend to be paid 16 November

[wad collector] 12/11/2020 08:30

Indeed it is, and a strong statement;(though a bit confusing that they use the 2021 nomenclature ) Interim Results 12 November 2020 Emerging with strength and agility to accelerate our global growth Results for six months to 30 September 2020 ('H1 2021') Statutory results Underlying* results H1 2021 H1 2020 H1 2021 H1 2020 Revenue GBP603.2m GBP486.5m GBP603.2m GBP486.5m Operating profit GBP61.6m GBP68.5m GBP69.0m GBP59.7m Profit after tax GBP74.2m GBP62.2m GBP57.6m GBP52.0m Earnings per share 13.0p 11.0p 10.1p 9.2p Interim dividend per share 2.2p 2.2p 2.2p 2.2p Total funded order backlog GBP3,087.2m GBP3,083.6m Total orders in the period GBP562.9m GBP410.8m Net cash flow from operations GBP91.8m GBP77.0m GBP92.7m GBP77.0m Net cash GBP112.7m GBP173.5m GBP112.7m GBP173.5m

[bozzawozza] 11/11/2020 13:48

I think it's financial statement day tomorrow

[frazboy] 30/10/2020 18:54

Interesting thought hpcg, if ESG investing is biting then perhaps a materially lower PE is the future but I would have thought that their would be plenty of 'dirty' money out there ready to buy in - unlike O and G the market doesn't see the threat as existential.

[hpcg] 30/10/2020 17:31

This drop can only be on an assumption that UK defence spending drops off a cliff. ULE has had a somewhat similar chart in the last few months, though its drops are from highs. Much different business though. I do also wonder if ESG investing is beginning to bite. For me now, having gone long and then stepped out again on the last bounce I think I want to see results and or decent enough forward guidance to get back in. I don't see US defence spending going down no matter what the election result.

[frazboy] 30/10/2020 09:16

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 HTTPS://www.qinetiq.com/en/investors/consensus-estimates 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.

[primarch1] 29/10/2020 21:19

I can only assume this is being battered due to the uncertainty around the us election ie defence contracts etc really can't understand the weekness was a positive recent update even with Covid

[salfordimp] 22/10/2020 15:42

Whats the old adage buy low sell high. I personally think tbe markets are under estimating QQ.

[wad collector] 22/10/2020 13:29

Linton I see what you mean. However he bought 100k shares so is obviously a rich expert ...or fantasist.

[paul8515] 21/10/2020 11:39

Still falling despite the update. When interims come out there'll be no respite because all the good news is already naked into the price. Fundamentals and ability to compete in a global market place still need confirmation

[specialist is the living god] 08/10/2020 08:29

Nice recovery following the 4.4p dividend. Underlying business is fast approaching pre/pandemic levels implying a 30% upside over the next 6 months. GL to all - but you do not need luck. This stock is going up. 😀😀😀👏8079;👏Ԁ79;

[specialist is the living god] 07/10/2020 18:29

Brilliant auction - well done all. Bin 🗑 boy Linton is short here. Has been shouting about it on The BPC board where he has gone bankrupt. Hahahahaha hahahahaha

[specialist is the living god] 07/10/2020 13:50

Great move. 290p is ON by the close.