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Does anyone know the next results date?
Spoke to a friend of mine who works at Qinetiq only seems like good news coming along with repayment of furlough money and working from home is working overall. Personally I will add to my holding if I can, nothing game changing but I feel they are a good steady bet at this time that I am happy to be invested in. IMOHO DYOR etc....
Dividend decision
The Board has decided to pay an additional dividend of 4.4p per share, representing the deferred final dividend from FY20.
Is the dividend only 2p as this is only 1%?
Be interesting to see whether a more positive reaction to the news occurs tomorrow now that there has been no move towards a National lockdown announced by the PM today
Very good update
Looks like FY21 Operating Profit will be similar to last year…….
Delivering this guidance will result in the Group's FY21 results being modestly ahead of current average consensus expectations (Average (mean) consensus for FY21 as at 30 September 2020: Revenue £1,133m (Prior Year £1,073M), Operating Profit £128m (Prior Year £133.2M)
excellent news in current environment but the SP is c£1.10 off its high
And reinstating the Divi………..
The Board has decided to pay an additional dividend of 4.4p per share
....is welcomed
Jack
Rather subdued market response to a profitable company, paying a dividend in the current climate. Regularly read all RNS published each morning and set a mental short term target of 317 based on the results. Dare say this will be achieved in the lead up to dividend date
Looks good to me taking things into consideration.
Quietest board on LSE but not complaining
Very good
Views on todays results?
Hi Jack. The UK Press Core wouldn't be slow to produce headlines about UK Gov handing huge contracts to any business which is paying that cash out as dividends or enormous salaries. Give they guys a break.
We might get the delayed dividend in the form of a special divi or it may be spread over a period. Half term results are coming up soon. A wee bit of divi would be nice but not if it means that the business looses a contract.
£4 ?
Well £3.94 to £2.62, is quite a drop for an aspiring FTSE 100 stock.
We will have to see what impact COVID has had on the business, but it does not give confidence that the Directors drop their salaries and the Dividend is delayed. Confidence to the Market = zero rather than confidently driving on the existing strategy.
I think the action taken at the start of COVID pandered to the "Civil Service mindset", and we will not see the full impact until H1 results come out.
In the meantime, we are adding on weakness.
Jack
Read the article and they are all excited about this demonstration, well done qinetiq.
Well just found this on an obscure site and it seems to have been well overlooked by British Investors/traders.
QinetiQ QQ. Defensive .......... science and engineering company operating in the defense, security and aerospace markets.
Now just look at this............
Major Ben (name withheld for security reasons), a British Army pilot working with Dstl said:
'We've been following QinetiQ's progress as it prepared the system and seeing it in action, we believe this could be a game-changer for us. The ability to use a manned/unmanned with any manned helicopter in the UK fleet has huge potential. We can't wait to get our hands on the system and put it through its paces during AWE19'. if thats not a game changer I dont know what is.
https://www.marketscreener.com/QINETIQ-GROUP-PLC-9590216/news/QinetiQ-Achieves-UK-s-First-Airborne-Manned-Unmanned-Team-Demonstration-30970940/
Ive bought in immediately trades on a forward P/E of just over 16. A game changer in defence and Military. SP is down today which offers you a chance to get in on the cheap.......a real steal imo.
Charts not up to much now but watch this one go.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^QQ.&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
That is a big deal, this could pass its 52 week high.
Confusing why this isn't £4+?
Great deal in us defence
annual financial results out. looks good. share price up
A nice deep dive into Qinetiq as a Defensive Stock: https://www.youtube.com/watch?v=QIl0wt7rVt8
They are overall in my opinion a solid defensive stock with little debt and a good management team. Their are some significant risks including Joe Biden getting elected in the US elections in November and government austerity effecting MOD budgets, but the medium and long term potential for Qinetiq seem very impressive. The share price seems very sensible compared against their increased revenues, assets and equity profile over the same period. Net income is narrowing and thats a critical indicator for the future.
IC says BUY
Disruption from Covid-19 has been limited and weighted towards the shorter-cycle products division. Looking ahead, global defence spending could come under pressure as countries prioritise investment elsewhere. Yet the same geopolitical threats will exist post-pandemic, perhaps even more so given rising US-China tensions. QinetiQ believes budget constraints could shift defence procurement to the more mission-led projects it serves. As the group increases exposure to international defence markets, in particular the US, the outlook remains promising.
“Getting ready to be milked”
Well COVID-19 has dropped us 25% but I can’t help think that this would be an excellent recovery play once COVID-19 panic is sorted.
Unlike other shares that have dropped a similar %,if not more, QQ are riding into their year end off the back of Q3 results. That means that this year is nailed on.
I also think QQ have a top quartile %age of orders already won for FY20/21. Yes delivery maybe slower against these orders but it’s good to know we are not scratching around trying to win new business against the current Market pause/drop back.
LTHs with no near term cash requirements should sit on their hands or update at these levels based on long term performance
Jack
Agreed, moving on up, up, up keep it moving. but can't help but feel the cash cow is ready to be milked.......
bigbaldy1980
"Smiles all around"
That's good news !! QQ must be pleased with current performance. Continuing on the present trajectory is fine with me.
Jack
I work for QQ smiles all around!