Qinetiq Share Discussion Threads

[doobz] 01/8/2024 06:49

Should clear 500 soon, all looking great

[someuwin] 01/8/2024 06:12

QinetiQ wins €284 million Aerial Training Services Contract with Bundeswehr

1 August 2024 - QinetiQ Group plc ("QinetiQ" or the "Company") announces today that it has been awarded the Aerial Training Services (ATS) Contract with the German Armed Forces Procurement Office for the German Armed Forces (Bundeswehr), Air Force, Army, Navy, and Special Forces.

The 10-year contract is worth €284 million with an option for an additional two-year extension. It represents the largest and longest contract award for QinetiQ's Global Threat Representation business, providing long-term visibility and enabling future growth for our German operations.

For more than thirty years, aerial training and related services have been an essential part of the German Armed Forces' operations. Under the ATS contract, QinetiQ will provide a comprehensive range of tailored services including Joint Terminal Attack Controller (JTAC[1]) training, Red Air[2] training, close air support, maritime air operations, ground control intercept training, air traffic control training and target towing for ground based air defence systems. These mission-critical training services will be delivered by the newly enhanced QinetiQ fleet of eleven PC-9 and four PC-12 aircraft.

Steve Wadey, Group Chief Executive Officer of QinetiQ said:

"In the current heightened threat environment, the award of the Aerial Training Services contract demonstrates QinetiQ's commitment to ensuring the German Armed Forces are always operationally ready for their missions. The contract will form a crucial part of our Global Threat Representation offering across all domains. We are very proud of our highly skilled employees who will deliver thousands of flight hours of training per year for our customer."

[suetballs] 23/7/2024 15:04

Nice 20k share purchase by NED.
Suet

[someuwin] 22/7/2024 14:44

QinetiQ's growth outpacing defense budget, says Berenberg in stock rating

Published 07/22/2024, 03:38 AM

On Monday, Berenberg increased its price target on Qinetiq Group (LSE:QQ) (OTC: QNTQY) to £5.50, up from the previous £4.45, while reiterating a Buy rating on the stock.

The firm's confidence in the company's performance has been bolstered following a recent teach-in with Qinetiq's CEO and interim-CFO, which took place after the company's first-quarter trading update on July 18.

The analyst noted that the insights gained from the teach-in have strengthened their belief in Qinetiq's ability to grow faster than the overall defence budget. The company appears to be well-positioned to achieve its mid-term guidance, according to the analyst's observations.

During the session with the company's executives, it was highlighted that Qinetiq is adjusting its capital allocation strategy to prioritize shareholder returns. This shift is seen as a positive move, likely contributing to the analyst's decision to raise the price target.

Qinetiq Group, which operates in the defence sector, has been the subject of analytical focus due to its performance and strategy. The updated price target reflects a more optimistic outlook on the company's future financial prospects and its commitment to delivering value to its shareholders.

In other recent news, Qinetiq Group has caught the attention of Citi, which has increased its price target for the company's shares to GBP5.30, up from the prior GBP4.57.

The change is attributed to Qinetiq Group's strong commitment to shareholder returns, robust growth in its main business, and a favorable defense spending environment. The company's leadership has demonstrated a willingness to distribute capital to shareholders, mitigating concerns about potential high-cost acquisitions.

Analysts have expressed optimism about Qinetiq Group's FY24 free cash flow figures, expecting the company's strong cash generation to persist in the medium term and provide flexibility for additional capital returns.

Qinetiq Group's strategy also involves aiming for high single-digit top-line growth to hit their FY27 sales target of £2.4 billion. Given these recent developments, Citi continues to recommend investors to buy Qinetiq Group's stocks and has raised its price target accordingly.

[johndoe23] 22/7/2024 09:10

Run your winners

[wad collector] 21/7/2024 07:58

xd 5.65p this week.

[martinmc123] 19/7/2024 12:14

QinetiQ Group plc posted a Q1 trading update for the 3 months ended 30 June 2024 yesterday. The business is on track to deliver FY25 expectations, consensus is currently looking for top line growth a little over 7% with statutory profit growth of around 28%. Order intake performance was good with revenue under contract for the full year increasing to 73%, up from 64% at April 2024. Management also expressed confidence in delivering the FY27 target of c.£2.4bn of organic revenue at c.12% margin and compelling value for our shareholders. So more decent top line growth and at healthy and slightly widening margins. Valuation remains attractive with forward PE ratio at 14.4x top quartile for the Aerospace & Defence market. The Group’s balance sheet also remains solid, while the share price is in an uptrend with decent positive momentum. BUY....

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/QQ./843

[indiestu] 18/7/2024 09:19

Thank you. I will do some research. I have a feeling UK tech is waking up. Ocado about to explode.

[gswredland] 18/7/2024 08:46

CHRT and MSI Ind but you may well have those

[indiestu] 18/7/2024 07:56

It appears there are no buyers willing to take it up any higher. I didn't have the balls to wait for my 500 target but a near 100% return over two years will do me. Good luck if you are holding firm. I have a big pile of cash now, does anyone have any interesting plays they would like to share?

[erbullion] 18/7/2024 07:48

QQ recommend as a buy in today’s Times newspaper

[someuwin] 18/7/2024 06:55

Good update.

[melody9999] 18/7/2024 06:13

A couple of contract wins weived into a positive update IMV.

[rimau1] 17/7/2024 10:15

We have rerated and trade at 15x now. Another leg up IMO will require good news from Avantus and the US tomorrow. I have top sliced a few just in case. Harder to find value in defence now albeit the sector deserves a premium rating. Sold out of Cohort this morning after a great 12 months, smaller caps look interesting and i have pivoted into PEN, FTC and CNC. Still hold QQ and Chemring. Just my uneducated snapshot..

[johndoe23] 17/7/2024 09:37

No run up ahead of update is probably a good thing

[someuwin] 11/7/2024 17:34

Q1 TU next Thursday (18th)

[johndoe23] 11/7/2024 14:41

500p incoming

[wad collector] 10/7/2024 16:03

Looks like on next leg up. If the new Government here sticks to its promises the sector remains strong.

[johndoe23] 06/6/2024 07:16

More new highs

[suetballs] 05/6/2024 08:01

Thank you.
Suet

[wsm812] 05/6/2024 07:48

Welcome aboard suetballs - i hope your decision is fruitful, because then we all profit too! Hopefully the rise so far has covered your spread and dealing costs? Very nice.

[suetballs] 05/6/2024 07:28

Finally bought in - should have done so earlier when they were a £1 cheaper!
But that's investing.
Suet

[gswredland] 05/6/2024 06:52

Questor in Telegraph tips these today