Qinetiq Share Discussion Threads

[wad collector] 14/2/2020 13:51

Just noticed that buried in last weeks "In Line" Q3 TU was -- Today, we announce that we have acquired Newman & Spurr Consultancy Limited (NSC) on a cash-free, debt-free basis for GBP14m. In the 12 months to 31 July 2019, NSC generated GBP5.9 million of revenue and GBP1.3 million of EBITDA. NSC offers a range of attractive training and simulation solutions, primarily in land and joint training areas. NSC represents another strategy-led acquisition, enhancing our capability in areas such as modelling and simulation, synthetic environments and operational analysis. The acquisition will support our global training and mission rehearsal campaign driving future sustainable growth. -- In January, our Space business secured a EUR75m new contract with the European Space Agency (ESA) to extend Europe's capabilities in operational Earth Observation. As prime contractor, we will lead a consortium of companies to build the ALTIUS satellite, with final assembly at our new state-of-the-art cleanroom facilities in Kruibeke in Belgium.

[wad collector] 20/1/2020 12:49

New high to start the week flirting with 370 , I assume from BAe latest acquisition news fuelling the sector.

[wad collector] 20/12/2019 18:36

Irrational exuberance or not, cracking end to the week here breaching 360.

[wad collector] 13/12/2019 15:29

I frequently question most of my holdings. I also don't post like I am the expert .

[scanjet17] 13/12/2019 12:25

You clearly aren't sure of your position or you wouldn't need question your holding.

[wad collector] 13/12/2019 11:57

Most of us learn if we aren't too arrogant .

[scanjet17] 13/12/2019 10:41

You're learning wad.

[wad collector] 13/12/2019 10:15

Thought the Forex effect might be a headwind here but share price moving to new heights. Hold and prosper?

[wad collector] 06/12/2019 14:40

Bit of a spectrum on the broker views , FWIW Date Broker Recomm. Current Price Price when issued Old price New price 22 Nov 19 Goldman Sachs Sell 339.60 339.40 269.00 289.00 Notes Reiterates 19 Nov 19 UBS Sell 339.60 338.00 260.00 - 19 Nov 19 Credit Suisse Neutral 339.60 338.00 325.00 350.00 18 Nov 19 UBS Sell 339.60 338.80 240.00 260.00 15 Nov 19 Barclays Capital Overweight 339.60 351.60 325.00 360.00 03 Oct 19 UBS Sell 339.60 308.00 240.00 - 12 Sep 19 UBS Sell 339.60 295.80 240.00 - 09 Sep 19 Barclays Capital Overweight 339.60 287.60 325.00 - 30 Jul 19 Berenberg Buy 339.60 299.60 320.00 340.00 MARKET DATA

[dendria] 15/11/2019 10:20

IC Tips Update - summary: 'With the balance sheet remaining in a net cash position, giving the business the necessary firepower to make further acquisitions and diversify its footprint, we retain our rating in anticipation of further earnings growth. Buy. Last IC View: Buy, 307p, 3 Oct 2019'.

[hawaly] 14/11/2019 16:15

Someone mention "irrational exuberance"? 😎 GLA

[wad collector] 14/11/2019 08:54

Interims are taking the share price to a new place.Hold and prosper? A quick look at them suggests these are pretty stunning. I am surprised that we are only up a few pence so far.

[wad collector] 31/10/2019 14:00

That's a new 2 yr high and close to an ATH. Funny market at the moment, can't decide whether it is about to fall off a cliff or soar upwards.

[bigbertie] 02/10/2019 20:23

Bright spot on a bad day! Unfortunately it is one of my smaller holdings!

[wad collector] 02/10/2019 09:48

Sp leaping up towards a 2 year high with this news QinetiQ Group plc QinetiQ more than doubles size of US operations with acquisition of MTEQ 2 October 2019. QinetiQ announces that it has entered into an agreement to acquire Manufacturing Techniques Inc. (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion and an earn-out of up to $20 million payable in cash and shares dependent on delivering stretching financial targets over three years. MTEQ is a leading US provider of advanced sensing solutions with a strong reputation for mission-led innovation, rapidly developing and fielding operationally relevant solutions to deliver information advantage to the warfighter. In the 12 months to 31 August 2019, MTEQ generated $167.4 million of revenue, $11.4 million of EBITDA, and $11.0m of EBITA on an unaudited basis. MTEQ employs 360 people in Virginia and has strong customer relationships, particularly with the US Army, supporting a number of its modernisation priority programmes. The business develops next generation sensing solutions, including integrating outputs from multiple sensors, to provide information that enables operational advantage in the modern battlespace. MTEQ is renowned for disruptive and agile innovation across the full cycle of sensor solutions development and use, including design, development, integration, low-volume production, deployment and analytics. Following completion, the business will continue to be led by its existing management team.

[wad collector] 12/9/2019 09:59

Looks like £3 is about to be crossed again. A largely Brexit unaffected company benefiting from Forex ?

[wad collector] 30/7/2019 17:12

Xd on Thursday , but as only fourpence halfpenny , not exactly going to rock the share price

[wad collector] 29/7/2019 09:41

Q1 update last week; 24 July 2019 - QinetiQ Group plc (QinetiQ or the Group) today issues a trading update covering its first quarter of trading. Maintaining full year expectations We have made a good start to the new financial year with strong operational performance across the Group. Revenue under contract is now 85%, up from 74% in April 2019 and we are on track to deliver mid-single digit revenue growth this year. Overall, we are reiterating expectations for Group performance in FY20 as set out in our FY19 results statement, with revenue growth at stable margins delivering continued operating profit progression excluding non-recurring trading items.

[wad collector] 03/6/2019 15:50

Just suspected this BB might be hitting a resistance value ...

[wad collector] 29/5/2019 17:51

Non-exec just bought 50k shares ; perhaps the recent weakness is tempting them.

[wad collector] 23/5/2019 17:02

Might be a good exit point but I have given up trading ; too many burned fingers.

[ttg100] 23/5/2019 13:56

looks ok to me wad but am tempted to sell again for decent profit - just can't help myself !!

[wad collector] 23/5/2019 13:15

Looking in more detail there are a lot of positives about future orders and overseas income, only disappointment is the bottom line. The Eps is flat. Lots of turnover is good but only if the margins make it profitable.

[wad collector] 23/5/2019 08:31

Prelims seem well received this am.