Qinetiq Share Discussion Threads

[mw] 20/12/2008 18:28

Agreed. Nothing appears to have changed regarding expectations over the next year or two. Dividends keep increasing, year on year. Acquisition of dollar earning companies still continuing....

Only problem is that share price appears largely driven by actions of smaller shareholders who, like many of us, are looking for a quick rise. This is not one of those companies.

I'd like to know why EMEA COO Clive Richardson left. I just wonder (as a wild guess) if it had anything to do with having to implement further cost cutting measures...

[revoc2] 20/12/2008 09:52

nemesis.........i see uve come out of the woodwork!!!!
u may as wwel say that about every company, as the charts on nearly all stocks look more than auwful at the moment!!
but qq. has won alot of contracts and have beat market expections results after result.......
going forward otlook is more than good.
this will rise once they stop playing games wth the share price...
someone somewhere is lapping up all the shares at this silly level, trust me!!

[yf23_1] 19/12/2008 23:54

chart is now awful

[nemesis toad] 19/12/2008 23:29

This is dead as in horse .. big project is now dead ..chart says under 100 .. sell .. i have

[zeppo] 19/12/2008 20:25

revoc2

This is a very difficult market to be short term in.

I would have expected the two big drops in interest rates would have underpinned 'defensive' shares. There are few safe homes for cash which are paying reasonable interest on deposits. But what do I know?

As I said above:

'Sticking with it long term hoping for further divi growth.'

Bought well above current price - but pick up another Interim divi in Feb 09.

z

[revoc2] 19/12/2008 19:09

zeppo........what level r u in from, mate?
all that i have read in re to qq. has been positive so far!!!
so why the big fall?
shud we be worried in re to the falling share price?
where is support?
year low is 144.5p right?
thnax
im just worried........was gonna sell at a big loss today, but thought id wait instead...
the fall has been well over done
as a lot of "experts" from all over say that qq. is a defensive stock in these turbulent times...
i wud have thought the share price wud be rising and not falling?
ps what level u on from, and what is ur target exit price (if u have one)
it seems that alot of ppl have been in tis for quite a few years-since the stock market debut!!!!
ie just recently bought-but the fall in share price has got me worried already!!!
need this to rise at least to th 160p again for my confidence to return...
any chance of that happenning?
thanx again

[zeppo] 19/12/2008 19:03

wad collector

Thank you for the last two posts

z

[zeppo] 19/12/2008 19:01

revoc2

Did L&G announce a reduction from 4.04% down to 3.99% yesterday. I find these RNSs complex to read through but I think that is the gist of it.

--------
Is this applicaple? (copied from a BT thread today)

'Highlands - 19 Dec'08 - 15:48 - 4635 of 4636

Triple Witching today means the US market will be very volatile.

Triple witching is an event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December. The final trading hour for that Friday is the hour known as triple witching. The markets are quite volatile in this final hour, as traders quickly offset their option/futures orders before the closing bell. If you are a long-term investor, triple witching will have a minimal impact on you.'

----------

Also there may be worries about continued US defence spending after they have bailed out the car companies and the banks?

Sticking with it long term hoping for further div growth.

z

[revoc2] 19/12/2008 18:12

is qinetic finished?
is it all over?
why the massive fall?
will it ever go back up to even 160p or 170p a share?
forget £2!!!!!!!!!!

[revoc2] 19/12/2008 11:45

hello......anyone here?

[revoc2] 18/12/2008 16:51

we really cud do wth this climbing back up!!!
think its fallen far too low......
cmon qq.
any opinions welcome..
thanx guys

[wad collector] 18/12/2008 13:11

Then this :

£12bn base 'still on track'
Dec 12 2008 by Peter Collins, South Wales Echo

THE chairman of a consortium behind the £12bn project to build a defence academy at the former RAF St Athan base last night insisted it was still on track.

Charles Barrington moved to allay fears that it could be in trouble following the withdrawal of a major property company from the scheme.

The Defence Technical Academy is the biggest single investment ever made in Wales and will centralise all non-military technical training for army, navy and air force personnel in one centre in the Vale of Glamorgan.

The Government awarded the contract to build and run the new defence academy to the Metrix consortium, a joint venture between Qinetiq and Land Securities' outsourcing arm, Trillium (LST).

Land Securities has now withdrawn from the consortium, sparking concern about the future of the project.

But Charles Barrington told the Echo: "It is very much business as usual. I don't regard this as a setback. Big projects like this change shape and structure. It is not unheard of."

He said Qinetiq, the defence research group that is the lead contractor on the programme, was already in talks with alternative partners.

"A £1bn construction project is highly attractive and we have a number of companies who have expressed an interest. I'm very confident that we will find one to step into LST's shoes within a month."

He added: "A suite of planning applications for the site, including the Welsh Assembly Government's aerospace business park, will be submitted to the Vale of Glamorgan Council by the middle of next year and a panning decision is expected by the end of next year. Construction work would then start by mid 2010."

Land Securities has spent about £20m so far and is reluctant to keep funding the project in the face of significantly increased costs over the next 18 months.

A Land Securities spokesman said its Trillium arm was withdrawing "in the light of the significantly increased bid costs, carried at risk by the bidders, required as the project moves into detailed design work".

The construction programme is valued at an estimated £1bn and will create 1,500 jobs.

Land Securities remains in talks to sell Trillium to a rival outsourcing company, Tele-real, although the continuing discussions are not thought to have prompted its withdrawal from the training programme.

Trillium was providing land acquisition, management and development advice to the Metrix consortium.

John Smith, MP for the Vale of Glamorgan, said: "The Defence Technical Academy at St Athan has not been knocked off course by this development. It is still very much on track.

"In the light of the current economic slowdown, Metrix's problem won't be finding a replacement but stemming the flood of developers expressing an interest in taking part in the single biggest investment ever to come to Wales. We have the skilled workforce, the facilities and the project team to make this a great success and the envy of technical training throughout the world."

[wad collector] 18/12/2008 13:06

Curiously there was no RNS about this last week , I noticed only by chance.





Contractor quits defence academy deal
By Daniel Thomas and Sylvia Pfeifer

Published: December 10 2008 22:46 | Last updated: December 10 2008 22:46

The £12bn plan to centralise the UK military's training programme has suffered another setback following the withdrawal of the property company Land Securities from the consortium picked to take forward the project at the beginning of last year.

The Defence Training Review (DTR), the UK's largest private finance initiative, will centralise all non-military technical training for army, navy and air force personnel in one academy at St Athan, Vale of Glamorgan.

EDITOR'S CHOICE
Review to tackle military kit costs - Dec-11Defence industry ends strategy plea - Nov-18Naval industries change tack as work shrinks - Nov-17Britons against troop surge in Afghanistan - Nov-14Hutton affirms Afghanistan role - Nov-12Watchdog warns on cost of replacing subs - Nov-05The government awarded the contract to build and run the new defence academy to the Metrix consortium, a joint venture between Qinetiq and Land Securities' outsourcing arm, Trillium.

On Wednesday, Qinetiq told the government that Land Securities had withdrawn from the process. Land Securities has spent about £20m so far and is reluctant to keep funding the project in the face of significantly increased costs over the next 18 months.

Qinetiq, the defence research group that is the lead contractor on the programme, is already in talks with alternative partners, although the move comes at a difficult time for the property market. There may also be reluctance to take on additional short-term costs just as property and construction companies struggle with a sharp fall in asset values over the past year.

The news is the latest blow to the controversial programme. There have already been concerns about the viability of the 25-year project after it emerged costs had risen by nearly 10 per cent since the beginning of last year.

The consortium had also been forced abandon its original plan to raise up to £1bn through a bond issue because of the difficulties in the financial markets.

On Wednesday night, Charles Barrington, the chairman of Metrix, said the consortium and the Ministry of Defence had been able to cut costs. That had been achieved in part by reducing the number of courses that will be offered.

He added that changes in a consortium's structure were not unusual as "circumstances and priorities change".

"Land Securities Trillium has taken this decision for strategic reasons and not because the DTR proposition is flawed," he added.

A Land Securities spokesman said its Trillium arm was withdrawing "in the light of the significantly increased bid costs, carried at risk by the bidders, required as the project moves into detailed design work".

The construction programme is valued at an estimated £1bn and will create 1500 jobs. Financial close on the deal is now expected in 2010.

Land Securities remains in talks to sell Trillium to a rival outsourcing company, Telereal, although the continuing discussions are not thought to have prompted its withdrawal from the training programme.

Trillium was providing land acquisition, management and development advice to the consortium.

[mw] 17/12/2008 10:21

nt,

As far as I am aware QQ has no direct involvement with the main carrier contract. Please anyone, correct me if I am wrong.

[nemesis toad] 11/12/2008 22:50

omg down again. Now I hear they are delayed by two years on the aircarrier program. Does anyone know anthing about this please. Does it mean loss of income and loss of jobs to them?

[nemesis toad] 09/12/2008 23:23

I hear fro m,ates that the CEO of their em operation has been bombed, Chris Richardson I think he was. He thougt they should make more peple redundant. Couldnt see how to make the numbres in a year when key sharehollders can bail out.

mw are you on the DT team?

[zeppo] 05/12/2008 12:20

fizzbangwhallop

Thank you for that.

z

[fizzbangwhallop] 05/12/2008 11:46

Questor column in today's DT has this as a buy

[ttg100] 04/12/2008 14:34

any ideas re sudden drop
can't find any news?

[mw] 28/11/2008 10:20

nt

I think there is a mechanism for re-imbursing pro rata costs with MoD preferred bidder contractors, whilst contract details are being clarified. This was alluded to in the last full year results, I believe. The research contracts I hear are now 100% competed, but qq. say they still have 70-80% of business, so I'd have thought that it is a manageable rather than a catastrophic decline. Offset by increase in QNA and MoD support business, as results show. They knew this was coming for years and have planned for it.