Qinetiq Share Discussion Threads

[gunter guil] 18/9/2008 19:28

Again I have had exactly the same thought. I sold out of BAE some months ago and have been looking for a good re-entry point. However, I think I will do so without selling any here just yet -although sadly I did slice a few some months ago.

The defence industry (unfortunately) has a increasing role to play in the coming years. BAE are well placed to benefit and imo QQ will be too.

[wad collector] 18/9/2008 17:00

It's tempting to top slice a lump and buy BAE instead , as BAE has dropped back a bit.But maybe I should continue to ride the winner......

[gunter guil] 17/9/2008 22:57

yes absolutely!

[wad collector] 17/9/2008 19:46

OK ,who else wishes they had put their entire portfolio into QQ last year?
QQ seems to be a shock absorber.

[zeppo] 17/9/2008 14:53

mw

You sound like a QQ. boffin.

Are you a robot, coated in nano-material?

z

[mw] 17/9/2008 11:06

spring may be under tension or compression, but wire from which it is made is under torsion

[wad collector] 17/9/2008 10:23

Coiled spring? Trouble with coiled springs is that sometimes they are under tension not compression.

[zeppo] 16/9/2008 14:35

AtFlores

Please stop doodling and whacking - it is having a dire effect on the market.


z

[atflores] 16/9/2008 14:04

Well, whack my doodle, the decline commenced after my posting 211.

I do agree zeppo, worth holding on to.

[zeppo] 16/9/2008 11:08

AtFlores

Don't know about the coiled spring.

Depends on contracts etc.

I am sticking with it hoping for good divi increases - which may be difficult elsewhere in the next two years or so.

z

[atflores] 16/9/2008 10:21

This share price is holding up well. Is there a technical, trading volume explanation for this? Are too few people interested in this share, or is it like a coiled spring and about to burst upwards when the general gloom in the market fades away a bit?

[zeppo] 10/9/2008 09:58

I bought a few yesterday at 2.0575 + costs.


They are still being taken up today.

z

[wad collector] 09/9/2008 19:18

I wonder who bought them! Presumably there is going to be an overhang for a while.

[ccnp] 09/9/2008 08:48

The courts have already ruled that the special share is worthless. But it makes them feel big to keep it.

[wad collector] 09/9/2008 08:36

SO HMG is dummping 127 million shares , hence todays drop.But if th MOD retains its "special share" this presumably blocks any takeover possibility, other than an approved company.Like BAE.Or am I misreading the situation?

[zeppo] 04/9/2008 13:51

BACH IS DEAD

Thank you for the info.

Cause for optimism in these iffy times.

By the way, I thought I saw you in 'BACH TO THE FUTURE'.

z

[wad collector] 04/9/2008 11:37

Thanks.
Sounds convincing.I want 3 quid.

[bach is dead] 04/9/2008 06:55

From The Times*September 4, 2008

QinetiQ's strengths are coming to the fore in a bear marketNick Hasell: Tempus
Nearly three years after its float, QinetiQ shares are finally sitting at the sort of premium to their issue price that was once considered customary for a government privatisation in its first few days in public hands.

Yet in coming to rest at 228¼p, 14 per cent above where they were sold, and a new high, the performance of the erstwhile Defence Evaluation and Research Agency is less notable for yesterday's advance than its progress over the past two months – during which time QinetiQ has outperformed the FTSE all-share index by more than 14 per cent.

Part of that rise can be pinned on enthusiasm for last month's £53 million purchase of the Virginia-based Dominion Technology Resources (DRT), which provides gadgetry, training and advisory services to the US intelligence community. Aside from its strong earnings growth – a compound annual 35 per cent over the past three years – DRT strengthens QinetiQ's position in a notoriously difficult-to-enter niche, where its path has been smoothed by its hiring of George Tenet, the former director of the CIA.

Secondly, QinetiQ is an obvious beneficiary of a strengthening US dollar. Even before DRT, the company, through acquisition, had built its North American operation into a $1 billion-a-year business – or 40 per cent of group sales. The 10 per cent appreciation of the US dollar against sterling over the past few weeks provides an immediate translational benefit to this year's profits. These were already forecast to rise 14 per cent to around £144 million at the operating level.

Thirdly, QinetiQ is a noncyclical company underpinned by long-term contracts whose defensive merits come to the fore in a bear market. Domestic sales are underpinned by its Long-Term Partnering Agreement with the Ministry of Defence (MoD), worth an estimated £4.7 billion over its remaining 20 years, while the pending Defence Training Rationalisation contract should start to generate revenues in the next financial year. Further certainty came with yesterday's securing of a £150 million marine support contract from the MoD – in effect aggregating a collection of short-term contracts into a single 15-year deal.

Fourthly, the more QinetiQ's shares rise, the greater the probability that the cash-strapped Government will seek to offload its residual 19 per cent stake. The removal of that overhang should cause the shares to advance further. At 15 times current-year earnings, QineticQ should be bought on weakness.

BUY

_______________________________________________________________________________

[zeppo] 03/9/2008 10:02

'QinetiQ Group plc

03 September 2008



QinetiQ awarded 15-year £150m maritime facilities contract by Ministry of Defence

QinetiQ today announces it has signed a new contract, the Maritime Strategic Capabilities Agreement (MSCA), with the Ministry of Defence (MOD) securing a revenue stream worth more than £150m over the next 15 years. This award extends QinetiQ's existing contracts with the MOD for these services.

The MSCA gives the MOD, other government and commercial customers access to QinetiQ's maritime facilities and expertise for optimising anything that moves in or on water including ships, divers and tidal turbines.

QinetiQ's existing maritime facilities in Gosport, Hampshire including the ocean basin (the largest freshwater tank in Europe) and ship tank, which are used to assess the design of ships, submarines and tidal turbines, as well as a hyperbaric medicine unit, form part of the contract. The agreement also includes a shock test facility at Rosyth in Scotland.'

z

[wad collector] 02/9/2008 16:30

Good to see QQ start to make some decent gains for a change.Not that I'm tempted to sell.Not unless we see 3 quid this year.

[zeppo] 02/9/2008 11:33

Dizzy heights currently for this share.

z

[cockneyrebel] 01/9/2008 12:13

Very firm - should fly when it goes through therecent high - this week I would think, looking at the firmness.

CR

[cockneyrebel] 28/8/2008 15:21

yep, I'm sure that is part the reason - doesn't want to stay down does it :-)

CR

[carlisle38] 27/8/2008 15:45

QQ rising on GB£ weakness agaist the US$.

Over 40% of QQ income from US.

[cockneyrebel] 27/8/2008 15:09

Impressive in this market - must be something going on imo.

CR