Qinetiq Share Price (QQ.)

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!