QQ.

Qinetiq Group Plc

359.40
-0.60 (-0.17%)
Share Name Share Symbol Market Type Share ISIN Share Description
Qinetiq Group Plc LSE:QQ. London Ordinary Share GB00B0WMWD03 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.60 -0.17% 359.40 4,073,211 16:35:25
Bid Price Offer Price High Price Low Price Open Price
359.60 360.20 365.20 356.00 360.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Security Systems Service 1,320.40 90.00 15.60 23.63 2,080.05
Last Trade Time Trade Type Trade Size Trade Price Currency
18:03:22 O 84,175 359.436 GBX

Qinetiq (QQ.) Latest News

Smart Money!
QQ. is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 BLACKROCK SMALLER COMPANIES TRUST PLC 2.00% 2022-12-31

Qinetiq (QQ.) Discussions and Chat

Qinetiq Forums and Chat

Date Time Title Posts
30/5/202308:32QinetiQ with Charts & News1,370
18/8/200911:04Bargain?5
04/6/200914:41QinetiQ Group plc - who's arming with them?972
04/6/200618:25QuinetiQ - Diluting the shareholding?7
11/5/200608:30QinetiQ-IPO=$$$ for PI's6

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Qinetiq (QQ.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 17:03:23359.4484,175302,555.25O
2023-05-31 17:02:30361.842,3338,441.63O
2023-05-31 17:01:01359.064,46116,017.58O
2023-05-31 16:51:05360.471,0843,907.49O
2023-05-31 16:51:04360.56162584.11O

Qinetiq (QQ.) Top Chat Posts

Top Posts
Posted at 17/4/2023 08:32 by wad collector
Is that upbeat TU going to take QQ to a new high?
Posted at 05/4/2023 07:58 by melody9999
Wad - QQ. PE is lower than BA. on Stockopedia. 12m rolling 12.2 vs 16.4

Nice renewal RNS this am will help underpin future revenues

Posted at 04/4/2023 12:47 by wad collector
With more emphasis on electronic warfare than hardware it is perhaps not a valid comparison , but even with BAe at ATH it still has a higher yield and lower P/E than QQ.
Posted at 26/1/2023 08:27 by ppreston1
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.
Posted at 20/1/2023 19:28 by brain smiley
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.
Posted at 20/1/2023 12:32 by ppreston1
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.
Posted at 16/1/2023 10:03 by stevenlondon3
Order announcement today makes me wonder whether management are a bit concerned about the lack lustre share price performance.
Posted at 18/12/2022 21:06 by someuwin
Barclays Capital has updated its forecasts and repeated its positive stock recommendation for the defence contractor QinetiQ Group PLC (LSE:QQ.).

It cited recent M&A activity and material tax adjustments for the changes to its numbers.

The bank also repeated its "overweight" recommendation on QinetiQ's stock and has set a share price target of 465 pence.

Currently, the company's shares are valued at 350 pence, up 1.7% on the day, giving it a £2bn market capitalisation.

In a research note, Barclays explained that the changes to its forecasts were due to the completion of QinetiQ's acquisitions of Avantus and Air Affairs, as well as the disposal of its Space division...

https://www.proactiveinvestors.co.uk/companies/news/1001378/qinetiq-barclays-capital-updates-forecasts-repeats-upbeat-recommendation-1001378.html

Posted at 10/11/2022 14:44 by bartyb
Why is it dropping after strong results

0/11/2022 7:00am
UK Regulatory (RNS & others)

Qinetiq (LSE:QQ.)
Intraday Stock Chart

Thursday 10 November 2022

Click Here for more Qinetiq Charts.
TIDMQQ.

RNS Number : 9161F

QinetiQ Group plc

10 November 2022

Interim Results

10 November 2022

Contributing to global and national security

Results for six months to 30 September 2022 ('H1 FY23')


Statutory results Underlying* results
H1 FY23 H1 FY22^ H1 FY23 H1 FY22
Revenue GBP673.4m GBP600.1m GBP673.4m GBP600.1m
Operating profit GBP100.1m GBP41.0m GBP74.1m GBP53.4m
Profit after tax GBP112.4m GBP22.3m GBP65.4m GBP46.6m
Earnings per share 19.5p 3.9p 11.4p 8.1p
Interim dividend per share 2.4p 2.3p 2.4p 2.3p

Orders GBP798.8m GBP677.8m
Order backlog GBP2,968.6m GBP3,007.6m

Net cash flow from operations GBP99.5m GBP64.2m GBP106.8m GBP70.2m
Net cash GBP264.0m GBP139.2m GBP264.0m GBP139.2m



* Definitions of the Group's 'Alternative Performance Measures'
can be found in the glossary
^ Prior period comparatives have been restated due to a change
in accounting policy in respect of software implementation costs.
See note 1 to the interim financial statements.

Strong and consistent operational performance across the Group


- Orders up 18%, revenue up 12% and underlying operating profit
up 39%
- On an organic constant currency basis, and excluding the impact
of the write-down in FY22 half year results: Orders up 11%,
revenue up 8% and underlying operating profit up 7%
- Consistently strong cash conversion at 106% cash conversion
pre-capex
- Statutory operating profit GBP100.1m, assisted by FX gain on
Avantus acquisition
- Underlying EPS up 41%; 2.4p interim dividend declared - one
third of FY22 dividend

Disciplined execution of multi-domestic growth strategy


- Strong programme delivery across all major contracts
- Good order intake across the Group at c.GBP800m
- Increased investment in people and capabilities for the future
- Step-change through strategic acquisitions in the US and Australia

On-track to deliver five year strategic growth ambition; GBP2.3bn revenue at stable margins


- Increasing revenue guidance and will deliver profit in-line
with FY23 expectations
- Respond to increased demand for our distinctive offerings driven
by threat environment
- Close Avantus and Air Affairs deals and execute integration
plans
- Drive sustainable growth in our >GBP20bn addressable market


Steve Wadey, Group Chief Executive Officer of QinetiQ said:

"World events continue to reinforce the vital importance of a technologically advanced defence industry to society and the needs of our customers for differentiated solutions, aligned with our strategy. I am immensely proud of how our people have supported our customers at this time of need: we are fulfilling our company purpose and contributing to global and national security.

Our first half results demonstrate the strong demand we continue to see from our customers for our distinctive offerings. We have delivered good programme execution and delivery across all our major contracts. Our home countries of UK, US and Australia have all achieved significant organic growth and the US has performed particularly well, delivering improved and consistent performance.

We have also secured two strategically significant acquisitions in the US and Australia, Avantus and Air Affairs respectively, which demonstrate the disciplined execution of our growth strategy and capital allocation policy. We have increased our investment in our people and capability for the future to enable our long-term growth, as we continue to build an integrated global defence and security company. We are on-track to deliver our 5 year strategic growth ambition and enhanced shareholder returns."

Interim results presentation:

We will be hosting an in-person results presentation at 09:30 GMT at the London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS. Registration to join in-person or via the live webcast is available here:

https://www.qinetiq.com/en/investors/results-reports-and-presentations/interim-results-webcast-2022

Posted at 15/10/2021 19:21 by tole
https://www.fool.co.uk/2021/10/15/why-did-the-qinetiq-share-price-crash-on-thursday/Why did the QinetiQ share price crash on Thursday?Alan Oscroft | Friday, 15th October, 2021 | More on: QQArrow descending on a graph portraying stock market crash Image source: Getty Images.The QinetiQ (LSE: QQ) share price crashed 43p on Thursday, losing 13% of its value. That made it by far the FTSE 250's biggest loser on the day. It comes on the back of the defence group's Q2 trading update, ahead of interim results due on 11 November.The news release spoke of a "strong underlying operating performance," and an "excellent order intake at £700m, 25% higher than the first half of FY21." But that didn't protect the shares from the latest curse of supply chain problems.The company said: "We are experiencing technical and supply chain issues on a large complex programme, which, if unmitigated, could result in the need for a one-off write down to our short-term guidance." QinetiQ went on to say that it's working towards "mitigating this risk to less than £15m."For a company with turnover last year of £1,278m, and a pre-tax profit of £124.7m, that doesn't seem like too big a horror story to me. But these days, any mention of supply chain issues seems almost certain to send shareholders rushing for the exit. So has the reaction been overdone, and does it give me a buying opportunity for my Stocks and Shares ISA?QinetiQ share price performanceWell, firstly, I need to put the QinetiQ share price fall into perspective. Essentially, what's happened is that Thursday's drop has wiped out the stock's progress over the previous year. We're now looking at a 12-month rise of just 4%, from the 20% gain the shares were at the day before.Over five years, QinetiQ shares have gained 27%, a bit ahead of the FTSE 250's 22%. Oh, and the FTSE 100 has managed just 2.8% in the same timescale. So we're looking at a higher growth index, and a stock that's above the index average. And that's after Thursday's surprise one-day slump.But back to the trading update. To illustrate how it doesn't seem to be too worried about the current problem, the company told us it's maintaining its medium- to long-term guidance. QinetiQ is still targeting "mid-single digit percentage compound annual organic revenue growth over the next 5 years." And maybe some extra growth should strategic acquisition opportunities come up.Healthy cash situationOperating cash flow was said to be good. And at 30 September, the balance sheet boasted approximately £140m in net cash. Never mind companies struggling to recover from the pandemic crisis under increased debt loads, this is what I like to see.What's the risk? Well, how often have we heard one warning like this and then been hit by further bad news later? Perhaps there are more supply chain problems hiding round the corner, ready to pounce on us as soon as we let down our guard.I think suspicions like that could well explain the scale of Thursday's QinetiQ share price drop. But isn't this a good time to buy, when pessimism is high and shares are low? I think so.
Qinetiq share price data is direct from the London Stock Exchange
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