Qinetiq Share Discussion Threads

[melody9999] 28/2/2023 14:36

Hi Brian - what were the reasons given by Jefferies for the downgrade?

[brain smiley] 01/2/2023 14:35

Jefferies downgrades to hold and reduces target price to 390 from 400.

[wad collector] 31/1/2023 20:31

Don't mention the tanks....
I don't suppose that it was this announcement; doesn't seem that signficant

hxxps://www.marketscreener.com/quote/stock/QINETIQ-GROUP-PLC-9590216/news/QinetiQ-leads-advancement-in-human-and-machine-teaming-with-European-first-42856545/

[doobz] 31/1/2023 16:08

Perhaps the recent tank news is helping

[peddlers] 31/1/2023 15:57

I would say there's a catalyst about to become apparent.

P

[brain smiley] 31/1/2023 15:34

Seen no broker tips.Could be the market getting more comfortable with the PE takeover ?

[doobz] 31/1/2023 15:32

Any reasons for the sharp rise? Tipped?

[brain smiley] 31/1/2023 15:25

Spiked yesterday and pulled back and now this rise. It was laggarding so much I thought the next move was down to £3.

[peddlers] 31/1/2023 13:22

Nice rise today

[wad collector] 30/1/2023 13:49

And that is what you said last time too! And your spelling was better the first time.
Moving on...

[salfordimp] 26/1/2023 16:01

@ppreston1, not to me even after reading the latest posts

[salfordimp] 26/1/2023 14:32

If people think that the supply of tanks to Ukraine is good for QinetiQ then they should consider there holdings.
The good for QinetiQ coming out Ukraine is working on technology that will stop such capabilities that will stop hypersonic missiles etc. Such as QinetiQ with Dragon Fire.
hxxps://www.qinetiq.com/en/what-we-do/services-and-products/laser-technologies

[ppreston1] 26/1/2023 08:27

I note that Zelensky is lobbying Nato for additional weaponry, including long-range missiles and artillery. Looks like additional defence spending is a certainty following the supply of tanks yesterday. Has to be a positive for QQ.

[ppreston1] 25/1/2023 09:46

Indeed tournesol. However, there was some scepticism whether the deal would actually go ahead, but now US and Germany have signed up, this might encourage other Western nations to follow their lead. I fully agree with your point that defence spending only looks likely to increase going forward.

[tournesol] 25/1/2023 09:29

That's exactly what I said in 1312

[ppreston1] 25/1/2023 08:12

Increased commitments to defence spending with news that US and Germany are sending tanks to Ukraine has to be good for sentiment here.

[brain smiley] 20/1/2023 19:28

Since the Private Equity(PE) deal - it's down from 380. Just look at the DrMartens share price since Private Equity floated it.Why would PE sell out now at a time like this for defence spending?Another concern must be orders being delayed in the USA from the budget wrangles in their Parliaments.

[ppreston1] 20/1/2023 12:32

Thanks Wad. I thought the Q3 trading update earlier this week was pretty solid and the outlook was confident. Surprised to note the underwhelming response in the share price. Same today with the IC recommendation. Can't work out what holding it back. Bit frustrating.

[wad collector] 20/1/2023 10:01

IC rates as a BUY today, points out it can ramp up it's production faster than big slow capital projects like carriers and aircraft.

[tournesol] 16/1/2023 19:35

Yes, thank you for that. Was responding to comment that GS lowered estimates for defence SECTOR.

[wad collector] 16/1/2023 18:17

If they thought she share price was significantly undervalued, perhaps they would buy more themselves? It has been a year since any significant buys.
Good to see orders rolling in though , even if they aren't for tanks.

[stevenlondon3] 16/1/2023 10:03

Order announcement today makes me wonder whether management are a bit concerned about the lack lustre share price performance.

[salfordimp] 15/1/2023 13:15

It's a shame tournesol, that QQ don't manufacture tanks !

[tournesol] 15/1/2023 08:52

I understand that the UK is to send 14 tanks to Ukraine to set an example to our NATO allies. I read that Ukraine hopes to have 500 tanks by next year. And in addition to the heavy brigade a large number of lighter armoured vehicles are also destined for Ukraine. Possibly aircraft too. Doesn't sound to likely to me that defence manufacturing is entering a downturn.