Qinetiq Share Discussion Threads

[bigbertie] 02/10/2019 20:23

Bright spot on a bad day! Unfortunately it is one of my smaller holdings!

[wad collector] 02/10/2019 09:48

Sp leaping up towards a 2 year high with this news

QinetiQ Group plc

QinetiQ more than doubles size of US operations with acquisition of MTEQ

2 October 2019. QinetiQ announces that it has entered into an agreement to acquire Manufacturing Techniques Inc. (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion and an earn-out of up to $20 million payable in cash and shares dependent on delivering stretching financial targets over three years.

MTEQ is a leading US provider of advanced sensing solutions with a strong reputation for mission-led innovation, rapidly developing and fielding operationally relevant solutions to deliver information advantage to the warfighter. In the 12 months to 31 August 2019, MTEQ generated $167.4 million of revenue, $11.4 million of EBITDA, and $11.0m of EBITA on an unaudited basis.

MTEQ employs 360 people in Virginia and has strong customer relationships, particularly with the US Army, supporting a number of its modernisation priority programmes. The business develops next generation sensing solutions, including integrating outputs from multiple sensors, to provide information that enables operational advantage in the modern battlespace. MTEQ is renowned for disruptive and agile innovation across the full cycle of sensor solutions development and use, including design, development, integration, low-volume production, deployment and analytics. Following completion, the business will continue to be led by its existing management team.

[wad collector] 12/9/2019 09:59

Looks like £3 is about to be crossed again. A largely Brexit unaffected company benefiting from Forex ?

[wad collector] 30/7/2019 17:12

Xd on Thursday , but as only fourpence halfpenny , not exactly going to rock the share price

[wad collector] 29/7/2019 09:41

Q1 update last week;

24 July 2019 - QinetiQ Group plc (QinetiQ or the Group) today issues a trading update covering its first quarter of trading.

Maintaining full year expectations

We have made a good start to the new financial year with strong operational performance across the Group. Revenue under contract is now 85%, up from 74% in April 2019 and we are on track to deliver mid-single digit revenue growth this year. Overall, we are reiterating expectations for Group performance in FY20 as set out in our FY19 results statement, with revenue growth at stable margins delivering continued operating profit progression excluding non-recurring trading items.

[wad collector] 03/6/2019 15:50

Just suspected this BB might be hitting a resistance value ...

[wad collector] 29/5/2019 17:51

Non-exec just bought 50k shares ; perhaps the recent weakness is tempting them.

[wad collector] 23/5/2019 17:02

Might be a good exit point but I have given up trading ; too many burned fingers.

[ttg100] 23/5/2019 13:56

looks ok to me wad but am tempted to sell again for decent profit - just can't help myself !!

[wad collector] 23/5/2019 13:15

Looking in more detail there are a lot of positives about future orders and overseas income, only disappointment is the bottom line. The Eps is flat. Lots of turnover is good but only if the margins make it profitable.

[wad collector] 23/5/2019 08:31

Prelims seem well received this am.

[wad collector] 03/5/2019 15:06

There are some very big Qs that the World needs to ask itself about potentially autonomous weapon systems. Those companies and countries leading the race will not want to ask them. As drone based IEDs drop out of the skies in the Middle East already, maybe the genie is already out of the bottle, especially when non-proliferation treaties don't have a great history.
Imagine the threat of a few robotic snipers hiding in the undergrowth , or the patience of an autonomous IED that can crawl under a parked car. Good to protect our troops but where this logically heads is scary....

[budevenwiser] 03/5/2019 07:53

Not a holder but here you go.



tim

[wad collector] 23/4/2019 13:21

Thanks for that. Downhill all the way now then :-)

[dendria] 17/4/2019 19:12

Tipped in this week's IC:

IC View - 'The quality of the underlying business is essential to our thesis – QinetiQ’s balance sheet gives it an array of options that allows it to grow, adapt and reward its backers. Buy'

[newtothisgame3] 17/4/2019 05:05

#QQ. #Qinetiq winning market share on front line

[ttg100] 12/4/2019 09:56

back in at 289.3

GL all

[wad collector] 11/4/2019 10:33

Added at 293. Not the bargain it was , but I didn't buy enough then.

[wad collector] 09/4/2019 10:21

True . I was recalling the irony that PIs were not initially allowed to buy shares in QQ as it was too "complicated" for us.

[grahamburn] 08/4/2019 20:01

Governments can change, wad, which can lead to a significant change in defence spending priorities or even dramatic spending cuts.

A real possibility in the UK right now.

The other side of the coin is that QinetiQ now benefits to a much greater extent on international contracts which will provide a cushion.

[wad collector] 08/4/2019 19:30

A ten year £1.3 Billion MOD contract ; how much more secure can you get?

[philanderer] 26/3/2019 00:16

Questor: countries are unlikely to scrimp on fighting terror, so QinetiQ’s future looks bright

[wad collector] 24/3/2019 22:30

Another large robotic contract last week, and looks like they had to release an RNS a day early as there was a leak.

15 March 2019 - QinetiQ North America (QNA) today announces that it has won the competition for the U.S. Army's Common Robotic System-Individual (CRS(I)) program. The seven-year Indefinite Delivery Indefinite Quantity (IDIQ) contract, valued up to $164m is for the delivery of small ground robots. It includes a Low Rate Initial Production (LRIP) phase worth approximately $20m over one-to-two years, followed by a series of annual production releases. QNA has been awarded a $4m initial order as part of the LRIP phase

[northernhills] 20/2/2019 08:57

Nice recovery over the last year though!

[wad collector] 19/2/2019 13:06

Just noticed another sizeable contract without an rns.
hxxps://ukdefencejournal.org.uk/qinetiq-awarded-90m-contract-to-support-talon-robotic-systems/