Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Only someone without any real knowledge of the company would suggest it is a takeover target. This is the former RSRE Malvern, and it still carries out a great deal of highly confidential and contentious work. Additionally the pension scheme wold be a massive impediment, as would legacy issues regarding chemical and explosive contamination. However it is ona PER of 12, a PEG of 0.9, has forecast EPS growth of 14%, and pays a 2.8% dividend. Those factors alone make it a "buy". It may not be a bargain, but it remains cheap.
NT listed this some time back as a possible takeover target and so I'm hoping he is right. Of course it might not happen any time soon or at all.
Resistance levels near term......
300p
310p
325p
Bigger market forces and economy will take this with it of course. BAE also ticking up, I hold, 600p resistance there. Think it'll struggle to break through and hold, not much volume.
Been a great day here, good hold this for a steady rise over the coming months/years. Would like the divi upped at some point, seems a bit low at present in my opinion.
I know what you mean but I think only another UK company could take over, I know a lot about this one, I can't give info because I have a connection, but here I'm only interested in the share price and I think it's undervalued, I'm not a 'ramper' like on AIM's I just think this will steadily tick up a bit for a decent profit, it's not going to double in price anytime soon, but a hold for now
The industry in General are looking to buy each other, money talks at the end of the day sensitive projects can be safeguarded.
Almost certainly not, some highly technological military stuff goes on. EMALS, Radar, cyber, drones, missile detection, missile testing etc https://www.qinetiq.com/en/what-we-do/services-and-products/advanced-red-team-exercising in my humble opinion growth industries.
Surely Government would not allow a take over?
Wish I'd waited to around this level rather than buying last year.
Does anyone think this could be a bid target?
Spreadbet closed…….Buy order around 240 - 245p ish. Anyone else looking at an entry?
Happy all the chaps in the city got in sub 240p before the Citi upgrade. Short term target 270p for my spreadbet. Could test 240p again so be ready, the chaps in the city may want to check for any supply prior to any moves up.
My top up of 8101 showing as a sell so not an accurate buy/sell info. Bought in fairly big for me as i believe that this Co is undervalued at present and should have a re-rate regardless of recent broker downgrade. Heres hoping...
Yeah 100% retracement of the prior move, I like the look of the chart, the setups I use are showing selling pressure declining. I do think many more games will be played here, whether that's the institutions hoovering up any shares from those that don't have the stomach for this rollercoaster or broker downgrades, not that I pay any attention to them, they're usually way off the mark. Results a while away, May I think, so will get played in-between news. "In investing, what is comfortable is rarely profitable." — Robert Arnott
Given the nature of the work at QQ. is a takeover really likely? Don't forget this used to be RSRE Malvern. Having said that, seems oversold to me at this level. PER 12, yield 2.5%, £139m in bank. As stated below, decrease in profit largely due to two overruns. Price is now lower than Covid impacted price last year.
@Shanny80: Nearly spot on with price drop. Had a top up myself after broker downgrade. Has to be high on the takeover list at these prices so will keep holding out. Perhaps broker rating is to create panic selling so ii can buy in even cheaper. Will be confirmed in RNS in a few days if this is the case.
Very strong buy down here I would say, 30% for a £15m right off, way over done!
I bought more today, smack on an extremely long term trend line at the moment so could be bottoming out. 235p a possibility but as I'm already 15% down I'm happy to hold. Took a nibble on a spreadbet too. Divi in January may get a few buyers interested up to then but then May for full year results, as already said here, an RNS could come any time, news of a takeover would be most welcome.
I bought QQ on the hope of a takeover, rather naively following NT. Stupidly I've watched the sp decline every day and am now 25% down. Of course I could sell now, but a news item would then emerge tomorrow. This has happened so many times in the past that I think the market revolves around what I do!
There seems to be more buys than sells today but I'm not at all sure whether the accounting is a reliable indicator. Wouldn't it be nice if the buyer/seller were added as a column to the trade tables!
Not much movement since directors buy and watching paint dry seems to spring to mind. Need some positive news to get moving, possibly a takeover rumour by a British Company like B.A.E. or maybe Bab****/Chemring. Least the dips are getting bought into so its an hold for the foreseable.
Is it possible that it's bottoming out?
..
Woops, just seen RNS. It`s a start.
Directors buys now would be great. Thought it would recover a bit more on contract wins as all bad news now priced in regarding write down of un-named contracts. Not sure what else can get price moving back North so just holding for now.
Thanks Fat for the explanation.
I have to weight down 2.63 seems reasonable however during Dec the market is generally bear and it may be dragged down with it. Tough decision to figure out when the bottom will be in the next 3 months.
Any thoughts on it?
The shares sold were to cover tax liability under vested share options.
they all retained shares in those transactions, it's all in the respective RNS's.
Now let's see will any of the BOD buy the dip - they were precluded from doing
so post the October update as QQ was already in a close period.
Possibly good judgement on the situ.....Covid hanging about, long bull run near an end (?), company issues. They can come back in at the bottom of the cycle.....no rules broken.