Qinetiq Share Discussion Threads

[halfpenny] 23/5/2025 09:37:39

As expected above 450p now will we get profit taking to test lows at 400p ?

Does Analyst target 420p ??

Looking to add of lower lows soon, interesting times ahead....waiting!!

[martinmc123] 22/5/2025 11:53:22

wealthoracle.co.uk/detailed-result-full/QQ./1432

[estienne] 22/5/2025 09:58:15

The LTPA marks them out as being an MoD consultancy. As a result most of their resources are focused on customer support for whom they have to be seen to provide impartial advice. This rules them out as a supplier and they have little reason or resources available for product development

[cfro] 22/5/2025 09:26:11

No mention whatsoever of their previous target of revenue of £2.4bn and margins of 12% by fy27. That seems to have gone out of the window..

[wad collector] 22/5/2025 08:48:08

The best thing about the prelims is the outlook.
Time this started matching the rest of the sector in share price performance.

[someuwin] 22/5/2025 07:14:42

RNS Number : 6880J
QinetiQ Group plc
22 May 2025

News release

QinetiQ Group plc

LTPA extension worth £1.54 billion to modernise test & evaluation for future warfare

22 May 2025 - QinetiQ Group plc ("QinetiQ") today announces a five-year, £1.54 billion extension to its Long Term Partnering Agreement (LTPA) with the UK's Ministry of Defence (MOD) that will transform the provision of mission critical test and evaluation capabilities and services that help to enhance operational readiness of the UK and allied nations.

Alongside the contract amendment extending the LTPA to 2033, the Company is also recognising an incremental order of £166 million relating to current investments in test and evaluation.

Through the LTPA, QinetiQ delivers vital Test, Trials, Training and Evaluation (T3E) capabilities that ensure armed forces personnel are equipped and prepared for mission success. Over the next eight years, QinetiQ and the MOD will continue to invest to deliver T3E for next generation defence technologies such as uncrewed systems, hypersonics and directed energy weapons. Digitalisation will increase the pace at which new concepts and solutions are tested and then delivered into service. QinetiQ and the MOD have committed to improve access for agile and innovative small and medium sized enterprises (SMEs) to use the LTPA's services.

Defence Secretary John Healey MP said: "Rigorously tested equipment and the trialling of emerging technologies are key to ensuring our armed forces are using combat-ready capabilities on the frontline.

"The contract will help keep Britain secure at home and strong abroad, as we drive forward innovation to bolster our national security and support skilled jobs across the UK.

"With hundreds of British businesses supported by this investment through QinetiQ's supply chain, we are demonstrating how defence is an engine for growth across the UK, and delivering on our Plan for Change."

Steve Wadey, Group Chief Executive Officer at QinetiQ, said: "Through the LTPA, we play a vital role helping to protect and enhance the UK's defence and security. The extension of our partnership with MOD enables us to continue investing to deliver the transformational change in test and evaluation that's required to ensure our armed forces have operational advantage over disruptive technologies.

"We're seeing increased demand for our services from NATO countries and this LTPA extension positions the UK as a leading centre for T3E and facilitates the delivery of major equipment platforms as well as future upgrade programmes."

The extension to the LTPA will sustain more than 1,200 highly skilled jobs at 16 MOD sites across England, Scotland and Wales and support an increasingly diverse supply chain of more than 825 companies across the UK, 590 of which are SMEs.

Earlier this month, QinetiQ hosted Formidable Shield, a NATO joint strike exercise, at the MOD Hebrides range - one of 16 sovereign sites managed under the LTPA.

Since the signing of the original 25-year contract in 2003, QinetiQ, in partnership with MOD, has delivered T3E services which have supported crucial moments in UK defence. These include the first launch of a ballistic rocket into space from the UK, the UK's first firing of a high-power laser directed energy weapon against aerial targets and Europe's first successful demonstration of teaming a piloted aircraft with an autonomous air vehicle. The extension will support the delivery of a range of future defence capability including the Global Combat Air Programme (GCAP), Dreadnought nuclear submarines as well as drones.

[davius] 21/5/2025 10:56:36

Jefferies cuts Qinetiq price target to 420 (520) pence - 'hold'

I disagree.

[halfpenny] 21/5/2025 08:55:14

Mega Deal expected as Success grows with Higher Highs ...

Future gets brighter every day...

[halfpenny] 20/5/2025 10:56:27

Breakout next level 450p plus more

[oggyrocks] 16/5/2025 10:22:57

Agree - it’s not the most exciting thing, but longer term it really works. I’m new to this share having bought in last week.

One where it’s worked is with aviva. I also hold Aviva and have for several years. They have actively bought back shares, and now dividend is a chunky amount and share price has risen. So it can work with a bit of patience and good management.

[someuwin] 16/5/2025 10:04:05

Been doing some analysis of the share buybacks.

From today's buyback RNS we can see that the total number of shares in issue is 548,108,551.

Go back a year (16/05/24) and that number was 570,606,961.

570,606,961 - 548,108,551 = 22,498,410. i.e 22.49 million shares have been cancelled in the year.

1 / (570,606,961 / 22,498,410) * 100 = 3.94%.

Therefore we can see that this year's earnings per share will be almost 4% higher than last year's, even if the actual numbers were to be flat.

And that 4% gain will apply every year going forward (unlike a special dividend which is a one-off).

Plus, that 4% is just for one year's worth of buybacks - the longer they keep it going, the larger the benefit.

So, although on a daily basis the buybacks may seem irrelevant, over the longer term the increase in earnings can be meaningful.

[davius] 14/5/2025 11:03:20

Hardly halfpenny. Qinetiq US own Foster-Miller and a batch of other companies.

I'm surprised that the US push for defence sales hasn't increased the Qinetiq share price further, it still has some catching up to do.

[halfpenny] 14/5/2025 08:54:15

JPM review not looking good!!

Will we see below 400 testing recent lows.

Are there headwinds ahead as its America First and QQ in UK !!

[davius] 12/5/2025 12:19:03

JPMorgan cuts Qinetiq price target to 515 (570) pence - 'overweight'

[oggyrocks] 08/5/2025 16:28:06

Bought in this morning. Future looks good, and hopefully more opportunities in USA now.

[davius] 01/5/2025 08:18:23

16 EU countries have requested exemptions from the bloc's public debt rules so they can ramp up defence spending, the EU said Wednesday. In an easing of its once strict rule on budget deficits, Brussels will now let states splash out up to 1.5% of national output on defence for four years without fear of breaching its strict public debt limits. Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Greece, Croatia, Latvia, Lithuania, Hungary, Poland, Portugal, Slovenia, Slovakia and Finland have decided to trigger the budget exemption clause, an EU statement said.

[halfpenny] 29/4/2025 08:10:10

Breakout as news flow. Next level Higher Highs

Get on the Train

Happy Days Ahead as Orders flow

[davius] 28/4/2025 09:08:12

Worldwide military expenditure saw its steepest rise in 2024 since the end of the Cold War, reaching USD2.7 trillion as wars and rising tensions drove up spending. Military spending rose worldwide with particularly large increases in Europe and the Middle East, according to a new report by the Stockholm International Peace Research Institute. In real terms, spending rose by 9.4% globally compared to 2023, with 2024 marking the 10th year of consecutive spending increases. More than 100 countries, including all of the 15 largest spenders, increased their military budgets last year, the report said. The main contributor to the rise in expenditure was the European region, including Russia, where spending rose by 17% to USD693 billion. The world's largest spender, the US, increased expenditure by 5.7%, reaching USD997 billion. That alone accounts for 37% of worldwide spending and 66% of the military spending among Nato countries. Total military spending by the 32 members of the US-led alliance rose to USD1.5 trillion as all members increased their spending. The world's second-largest spender, China, increased its military budget by 7.0% to an estimated USD314 billion, "marking three decades of consecutive growth".

[wad collector] 25/4/2025 21:08:01

No mention of that contract as an RNS though it is on the company website which seems odd. The potential share for QQ is not defined , so perhaps they don't feel it is something that would affect the share price Indefinite Delivery Indefinite Quantity sounds like a recipe for uncertainty, which sounds like a description of Trump.

Prelims are out in a month, and I see the consensus expectations are an EPS of 31.5p, increasing by 2p a year beyond that.

[halfpenny] 25/4/2025 09:50:31

UK deal with USA will Transform Revenues.
Army’s $4 billion

RNS expected Soon. Get On The Train..

[halfpenny] 24/4/2025 10:24:28

Breaking with Mega Deals in the pipeline. Army’s $4 billion
QinetiQ US has secured a place on the U.S. MATOC.

Future Brighter every day, the only way is UP !!
Higher Highs breaking soon

Happy Days Ahead...Army’s $4 billion

[rongetsrich] 20/4/2025 08:53:22

Halfpenny, or halfwit. No credit to any post at all.

[halfpenny] 14/4/2025 15:23:42

Breaking Out as stated...

Breaking upside as Strong target at these levels hence interest grows as demand for their Products and Services Increase.

Future Brighter every day

[wad collector] 14/4/2025 14:20:47

That's what you said 2 weeks ago, almost like a generic posting....