Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Impressive first quarter update.
“ In all of the markets in which we operate globally Governments are seeking to enhance their defence and security stance against the evolving future threats, with rising defence spending in all of our three home countries: UK, US and Australia. “
Hold onto the above statement as we climb towards FTSE 100 status
Jack
Mr. Christopher Harborne ( AML Global Ltd) still harvesting between 23 June to 11 July. Interesting that £3.80 appears to be hard to breach despite 5M buys to 2M sells today, a ratio that has been common of late.
Judging by last year, the First Quarter Trading update is due next Thursday 21st July which will be good to see progress made in current environment.
Date for the 5.0p final FY22 dividend is 29 July (579M shares = £29.5M total Dividend, 3M for AML). Nice graph in the last annuals to see the 6% full year dividend increase to 7.3p and the historical record.
All this stalling at £3.80, when the strategy is there to propel this forward. With a Market Cap of £2,190M, QQ would effectively need to double the SP to be well within the FTSE 100 automatic entry position. Let's see where we are on the next quarterly review of the FTSE on 31 Aug 22.
Before anyone says, it's not wishful thinking as all the basics are there for the taking, and we enjoy a progressive dividend policy whilst we wait.
Jack
Mr. Christopher Harborne ( AML Global Ltd) is not letting up and has increased holding to 9.33% between 01 to 23 June.
Black rock also increased to 7.4%
Current price movement is accommodating!
Jack
Good to see another 6.35M shares purchased with Mr. Christopher Harborne ( AML Global Ltd) moving to 47,350,000 shares or 8.18% between 25 May and 31 May.
£170M in, with a c£2.4M Divi due 29 July.
Deep pockets
Jack
I see that Mr. Christopher Harborne ( AML Global Ltd) has amassed a 7.08% shareholding between 05 May to 26 May.
Didn’t take any of mine but nice to see someone taking up a position at those prices.
Must see value, like me
Jack
Divi increases by 6% to 7.2.
Expected to almost double business again in next 5 years.
Great news
Jack
Recent world events have reinforced the long-term needs of our customers, requiring capabilities utilising differentiated technology, test and training solutions which are directly aligned with our strategy. This defence and security context is heightening the market needs for our six distinctive offerings. Our addressable market is worth more than £20bn per year and we see increased customer demand for our high value solutions in their priority growth segments. The major focus for growth is in our three home countries, the UK, US and Australia, where we are pursuing similar opportunities to support their shared defence and security mission. The formation of the AUKUS alliance, between these nations, reinforces our multi-domestic strategy and makes us increasingly relevant. We are well positioned to deliver strong growth in the UK and more than double our Australian and US businesses in the next five years.
Building on our track record of growing the company by 75% over the last six years, we have increased the scale of our ambition. We will grow by another 75% over the next five years to more than £2.3bn revenue. Within our latest strategic business plan, we see 30% of our future growth coming from the UK and more than 50% coming from Australia and the US. This plan is supported by our strong balance sheet and continued investment in our global strategy, through both organic opportunities and strategic acquisitions.
A rise into the Preliminary Results next Thursday will be welcome.
Even better if we hear upbeat momentum is the order of the day and Jeffries will then be putting a 5 in front of their target.
Jack
@Jack I'm fairly active in the markets so I personally prefer dividends as they pay towards trading costs over the year. What's best for a company, there's many more here who could answer that one much better, you to name one. All eyes on tomorrow, have a good evening.
Shanny80
Alternatively, the 2014 to 2017 £150m share buyback I thought was a good idea.
Dividend, Share buyback or Strategic acquisition?
Jack
@Jack - Agree with everything you say but after a near 50% rise from the February lows I think its time to bank some profits then see where to re-enter. Higher defence spending will be realised here but another catalyst will be a possible hike in the dividend, it's well covered in 2022 and even more so into 2023 (x3) , I've always thought its been a bit on the low side.
Thanks.
Well done on taking profit.
Black rock increase their holding by just under 1% and GLG RNS their have gone above the 5% threshold.
With the Macro outlook stating NATO members should increase their % of GDP allocated to defence, I see no reason that QQ cannot get back to £4 in the short term.
Progressive dividend policy, highly cash generative, order backlog supporting c80% of forward year Revenues, Enhancement of US Management team, in the right place at the right time…….
What’s not to like !
Jack
Sold my holding today for a nice profit, struggling to move above 345-350, that sloping downward trendline from Feb 2020 seems to be proving hard to breakout of. Keeping it on my watchlist as the higher government defence spending around Europe will be realised at some time in the not too distant future, just need to time it right. Good luck, hope you all meet your individual price targets.
Blackrock have upped their holding today. Latest broker target 400. Hope they're right.
UK Govt need to up the level of defence spending so this could be good for QQ.
Great update, with good growth and cash potential in a relevant market.
“Recent world events have reinforced the long-term needs of our customers, including capabilities utilising differentiated technology, test and training solutions which are directly aligned with our strategy. “
Jack
I need to brush up on my 3rd conditionals or Perfect conditionals!!
Jack
It's "would HAVE thought" and I agree with you.
You would of thought that as Europe and the US wake up to defence spending, QQ should benefit in the medium term as they continue to strive for customer excellent and value for money.
Large order book bodes well for incremental activity and new business wins.
Are they up to it ?
Jack
I bought QQ a while back as one of NT's possible takeover targets so am hoping that works out as the sp had been falling in line with every other ***ing stock I buy into!
Well the 25 x tuppence increase in the last 6 weeks is excellent news.
Still a massive takeover target at £3 per share, as this price significantly undervalues Medium term potential.
The Govt golden share is to protect IP and is easily transferred to the right purchaser.
Look forward to results and the next Divi.
Jack
Hello Wyndrum - those targets are based on what chart indicators?
FWIW, Looks ok, its come back to s a support at 298p and starting to move away with a 316p target to begin with and then 332p as the 2nd target. (DYOR etc)
Well it finished up today. That tuppence will make all the difference.
You'd think weapons and defence company would be up not down! Doubt I'll Putin any more lol