Qinetiq Share Discussion Threads

[spooky] 08/12/2023 11:56

Defence spending fears do not appear to be affecting CHRT, so its probably not that. Strange.

[ttg100] 08/12/2023 11:42

Time to get back in ?

[dope007] 07/12/2023 21:45

I know, my lad works for them. Arming is more than just hardware though

[elsa7878] 07/12/2023 19:07

These guys are not in the arming business. They do more consultancy and technology based work. That would probably accelerate if arms shipments reduce / stop.

[dope007] 07/12/2023 18:39

Spending on Ukraine should not be a negative. The west needs to spend billions re-arming properly no matter what

[johndoe23] 07/12/2023 12:17

Share price performance since results has been a disgrace

[srichardson8] 07/12/2023 11:52

from the Schroder Income Growth Fund report
'QinetiQ gave a strong trading update in the quarter and announced a number of contract wins yet sentiment suffered from a share sale by the CEO and some scepticism around their M&A strategy. We continue to closely monitor M&A activity and believe the market is overly discounting both the share sale and M&A risk so have added to the position on this weakness.'
My own view is that there are two big reasons for the weakness
1) the major shareholder is a big Boris backer and contributor. This won't help when Labour are elected next year
2) The imminent squeeze on UK defence spending is going to affect everybody PLUS noises from the US on Republican opposition to prioritising funding for Ukraine is of no help

But honestly I think the M&A strategy is very important and very helpful and the stock price is silly

[someuwin] 06/12/2023 20:30

QinetiQ: £500m acquisition or buyback? This American bank has its say

Published: 14:36 04 Dec 2023 GMT

US investment firm Citi has proposed that QinetiQ Group PLC (LSE:QQ.) could greatly benefit from a share buyback programme.

This suggestion comes in response to the defence contractor's share price underperformance this year.

Citi's analysis indicates that £500 million could potentially be deployed to repurchase stock and could be more financially advantageous than the equivalent expenditure on acquisitions as it would be value accretive, not just earnings enhancing.

Such a strategy, Citi believes, would likely be received positively by the market. This recommendation offers a strategic alternative for QinetiQ in navigating the current financial landscape and enhancing shareholder value amidst market fluctuations.

[rimau1] 06/12/2023 12:00

It these levels Its competing to be bottom of my worry list alongside RNWH Wad!!

[wad collector] 06/12/2023 10:48

Certainly a disappointing last year or so on the share price front, but this is a blue chip company in a deep niche with a secure order book. Not at the top of my worry list...

[dondee] 06/12/2023 09:23

Now 301p-302p. Hmmm.

[melody9999] 01/12/2023 21:34

Forced redemptions by a major shareholder??

[elsa7878] 01/12/2023 17:35

JP Morgan downgraded to 390 from 420 on the 20th. Been pretty much straight down since. Clearly a seller but how much do they have to sell?
I too have been looking and while it is not a BAE or Chemring (it's more of a consultancy that a manufacturer) a PE of 11 v 15-20 seems mean.

[brain smiley] 01/12/2023 15:45

Directors don't buy but give a bullish outlook.

[spooky] 01/12/2023 15:34

I am not a holder but i have taken a preliminary look and i'm a little mystified too. The price suggests we are missing something, i will have to take a closer look.

[doobz] 01/12/2023 13:25

Just went back over the results and contract win and really can’t fathom as to why this is so heavily discounted? Any thoughts? Even more frustrating that others such as CHG are performing pretty well in terms of share price Chart doesn’t look encouraging but expect support around 300

[johndoe23] 01/12/2023 09:04

Clearly company specific as MSI, CHEM and CHRT are all up. Debt maybe spooked some?

[brain smiley] 30/11/2023 16:02

It will get back on the basis soon and things will look up to ever.

[tempted] 30/11/2023 15:55

usually wait for it to level but downside risk now making this worth a punt.

[johndoe23] 30/11/2023 09:31

May as well just invest in a ?? index fund. 10-12% return no stress

[dope007] 29/11/2023 16:03

UK mkt is utterly pointless. Total lack of serious interest. Stock used as gambling chips to move up and down due to a complete lack of serious investment

[johndoe23] 29/11/2023 15:59

Crazy drop

[wad collector] 22/11/2023 12:26

For reasons previously discussed, hard to imagine that an American stakebuilding is very significant; they are not going to put in a takeover.

[someuwin] 22/11/2023 09:03

Christopher Harborne (Klear Kite) increases holding from 10.01% to 11.45%