Qinetiq Share Discussion Threads

[ttg100] 14/4/2021 13:21

>> wad - yes used to be in and out across a month or so which was long term for me !!
Am trying to stop day trading but finding very difficult but these are now my 2nd biggest holding after LLOY and trying to hold on to them !!!!!

[wad collector] 14/4/2021 10:21

The takeover possibility is always going to be a thorny issue with the Defence sector , partly because of the MOD still holding a veto (less than in did following the 2012 changes) but also the possible conflict of interest about another Defence contractor .
I think that valuing it on the basis of potential takeovers is a bit optimistic ,hope I am wrong.

TTG didn't you used to trade these quite a bit ? I stopped as longer term investing seemed to work better for me.

[tresham] 14/4/2021 10:04

These shares should be on a PE of 25 to 30

[ttg100] 14/4/2021 09:09

" QinetiQ upgrading its annual guidance, citing stronger orders and margins in the fourth quarter. QinetiQ said it now expected to post an underlying operating profit for the year through March of at least £147 million."

More News in link above

Am still holding and now just going to put in bottom drawer for longer term as convinced some one will buy.

GL all

[wad collector] 14/4/2021 08:36

We retain our medium to long-term guidance: we are targeting mid-single digit percentage compound annual organic revenue growth over the next 5 years

Hold and prosper I reckon.

[terminator101] 14/4/2021 07:21

we expect our results for the full year to 31 March 2021 to be above our previous guidance and above market consensus expectations.Nice :-)

[wad collector] 17/3/2021 12:58

I can sniff a one year high coming...

Someuwin I agree it is a hot sector , but my experience with hot sectors is that it is very easy to get burned....prefer this warm sector instead. Battery technology has massive potential , but only if you back a winner...

[someuwin] 16/3/2021 09:24

Worth looking at AMTE Power. LSE:AMTE

This newly listed battery tech co is effectively a QQ spin out.

Huge potential in this super hot sector,

[dendria] 09/3/2021 10:23

Solid results from ULE this morning pushing the sector.

[wad collector] 09/3/2021 10:19

Haven't seen any broker views for a while but noticed this one from last week

BARCLAYS RAISES QINETIQ PRICE TARGET TO 406 (380) PENCE - 'OVERWEIGHT'

Chart looking promising recently . 406 seems a long way off , but the market is a bit buoyant in some sectors.

[wad collector] 04/2/2021 09:45

Missed the Q3 TU
13 January 2021 - QinetiQ Group plc ("QinetiQ" or "the Group") today issues a trading update covering its third quarter of trading.

Good momentum, maintaining expectations

Building on a strong first half to the financial year, the Group has continued to deliver well with continued strong performance through the third quarter. While we remain cautious and alert to the changing COVID-19 environment, we are on-track for our fifth consecutive year of organic growth and we continue to maintain our expectations for the full year, as outlined at our interim results in November 2020.

[salfordimp] 05/1/2021 15:06

More info on EDP
hxxps://www.qinetiq.com/en/what-we-do/services-and-products/edp

[wad collector] 05/1/2021 14:22

Like I said , rather mundane.

[salfordimp] 05/1/2021 12:51

EDP is Engineering Design Parnerhip (contract) with the MoD.

[wad collector] 05/1/2021 11:27

Just noticed yesterday's RNS

QinetiQ wins GBP127m Typhoon contract through EDP

Not to be sniffed at, although there is a bit of double accounting here as they do point out it was included in the £500m forward orders in the November statement. Nevertheless it is a high profile win for the Eurofighter , so deserves some trumpeting.
I must confess I misread the EDP as the English Defence Partnership , I wondered if it was some sort of post -Brexit nationalist organisation but pleased to see more mundane explanation.

[philanderer] 11/12/2020 11:31

Qinetiq Group, up 3.2%. UBS raises defence technology company to Buy from Neutral.

[rimau1] 19/11/2020 13:46

Actually Wad the UK accounts for 70% of Qq revenues so the price reaction to todays announcement is a little surprising, perhaps the recent steady rise has something to do with it. I hold this and BAE, expecting an earnings enhancing acquisition from QQ soon with all the cash on the balance sheet.

[wad collector] 19/11/2020 11:16

Yes , surprising that share price has now dropped below opening price. UK is not the biggest customer I suppose.
Can't find in this years results the UK percentage of profits but must be somewhere.

[salfordimp] 19/11/2020 07:21

Good news this morning for QQ from the Government



Proposed spending increase in QQ areas of expertise.

[wad collector] 12/11/2020 11:25

Good plan , I was thinking the same.

[ttg100] 12/11/2020 11:01

Encouraging results. Back in black for me and resisting temptation to cash in.

[aaspell] 12/11/2020 09:07

Looks like a good set of results and forecast to me. Taken directly from the RNS

"On 30 September 2020 we reinstated guidance for the full year indicating we would deliver results modestly ahead of published consensus. Although there is still uncertainty around how the pandemic may develop and impact customer behaviour and operations over the coming months, with nearly GBP1.2bn of FY21 revenue already delivered or under contract we are again increasing full year guidance."

So confirming results for 2020 ahead of consensus and increasing "again" 2021 full year guidance. Coupled with the re-instatement of the final dividend to be paid 16 November

[wad collector] 12/11/2020 08:30

Indeed it is, and a strong statement;(though a bit confusing that they use the 2021 nomenclature )
Interim Results

12 November 2020

Emerging with strength and agility to accelerate our global growth

Results for six months to 30 September 2020 ('H1 2021')


Statutory results Underlying* results
H1 2021 H1 2020 H1 2021 H1 2020
Revenue GBP603.2m GBP486.5m GBP603.2m GBP486.5m
Operating profit GBP61.6m GBP68.5m GBP69.0m GBP59.7m
Profit after tax GBP74.2m GBP62.2m GBP57.6m GBP52.0m
Earnings per share 13.0p 11.0p 10.1p 9.2p
Interim dividend per share 2.2p 2.2p 2.2p 2.2p

Total funded order backlog GBP3,087.2m GBP3,083.6m
Total orders in the period GBP562.9m GBP410.8m

Net cash flow from operations GBP91.8m GBP77.0m GBP92.7m GBP77.0m
Net cash GBP112.7m GBP173.5m GBP112.7m GBP173.5m

[bozzawozza] 11/11/2020 13:48

I think it's financial statement day tomorrow

[frazboy] 30/10/2020 18:54

Interesting thought hpcg, if ESG investing is biting then perhaps a materially lower PE is the future but I would have thought that their would be plenty of 'dirty' money out there ready to buy in - unlike O and G the market doesn't see the threat as existential.