Qinetiq Share Discussion Threads

[kibes] 16/4/2024 09:46

Before the share buyback the company had an enterprise value plus cash. After the buyback the enterprise value is exactly the same but the cash has gone. Just disappeared into thin air. Who thinks this a good idea? And did the share price go up?

[wad collector] 16/4/2024 09:04

I think today's drop is just the whole market .Lot of red on my portfolio.

[dope007] 16/4/2024 08:51

Bought some at a smidge over 340p

[dope007] 16/4/2024 08:48

Good update. Be nice if it dropped more so I can buy in lower but am sorely tempted to add some here with a view to add more if it drops lower

[johndoe23] 16/4/2024 08:43

Crazy drop

[18bt] 16/4/2024 07:31

Decent update - the CFO clearly didn’t get on with Wadey. But at least they issued the update before the announcement of her departure.

[johndoe23] 16/4/2024 07:24

Decent update, positive tone

[rimau1] 15/4/2024 10:16

Should be a good TU Wad, sadly global conflict is good for the stock price too

[wad collector] 15/4/2024 08:55

TU tomorrow ; something good?

[wad collector] 12/4/2024 15:23

Not clear how big a share QQ have of Dragonfire, but all good publicity, providing it works in a real situation.

[kibes] 12/4/2024 09:30

So much for the continuous share buybacks they are doing nothing for the share price at all. They are just pouring away cash which could have been given to shareholders in dividends or otherwise saved for investment in new products (like Dragonfire - it is ridiculous it won't be ready for 3 years).

[someuwin] 12/4/2024 07:38

DragonFire: The new British military laser that shoots down drones
The DragonFire weapon will work by using an intense beam of light to cut through its target. It is now expected to be ready for deployment by 2027 at the latest.

A new British military laser could be used in Ukraine to shoot down Russian drones, the defence secretary has suggested.

The DragonFire weapon, which is expected to be ready for deployment by 2027 at the latest, could have "huge ramifications" for Kyiv's conflict against Russia, Grant Shapps said.

New reforms aimed at speeding up procurement mean the laser, which was originally set to be rolled out in 2032, will now be operational five years earlier than planned, according to the Ministry of Defence.

But Mr Shapps said he would look to see if the pace can be increased further "in order for Ukrainians perhaps to get their hands on it".

"I've come down to speed up the production of the DragonFire laser system because I think given that there's two big conflicts on, one sea-based, one in Europe, this could have huge ramifications to have a weapon capable particularly of taking down drones," Mr Shapps said at the Porton Down military research hub in Salisbury.

"And so what I want to do is speed up what would usually be a very lengthy development procurement process, possibly up to 10 years, based on my conversations this morning, to a much shorter timeframe to get it deployed, potentially on ships, incoming drones, and potentially on land.

"Again, incoming drones, but it doesn't take much imagination to see how that could be helpful in Ukraine for example."

Laser-directed energy weapons (LDEWs) use an intense beam of light to cut through their target.

The MoD hopes the DragonFire system will offer a low-cost alternative to missiles in shooting down attack drones and even mortars.

It has been developed by defence firms MBDA, Leonardy and QinetiQ and the Defence Science and Technology Laboratory.

[brain smiley] 09/4/2024 18:37

Trading statement next Tuesday.Perhaps budget delays in USA holding Qinetiq back?

[faz] 09/4/2024 11:43

THanks for the replies!

[dope007] 09/4/2024 11:13

Across all defense stocks. Crazy if you ask me with the need to completely re-arm Europe after decades of stupidity from moronic politicians

[johndoe23] 09/4/2024 11:13

Defence down not sure why

[faz] 09/4/2024 11:10

Why the big fall today anyone?

[wad collector] 26/3/2024 09:20

I want one!

[chipfire] 26/3/2024 08:30

That’s a Twin Jet Banshee. 400mph+

[wad collector] 25/3/2024 15:15

That looks like an impressive toy plane carrying the Rattler. Bet the Rattler programme is a popular one at QQ.

[johnrxx99] 22/3/2024 07:22

QinetiQ completes flights of new Rattler
Posted 21 March 2024

[bartyb] 14/3/2024 22:26

Foster-Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,029,151 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Three for production, engineering support, and post-production support of the MK 2 Man Transportable Robotic System series systems and Talon systems. The scope includes production of systems, depot level repair parts, initial spares kits, consumables, repair parts and approved accessories. The location of the work to be performed will be determined on individual orders and is expected to be completed by March 2026. No funds are being obligated at the time of modification award.The Naval Surface Warfare Center, Indian Head Division, Indian Head, Maryland, is the contracting activity.*Small Business