Qinetiq Share Price (QQ.)

That a Non Exec, picks up 50,000 shares @ 293 for £146.6k

We are also buyers at this extraordinary price!

Jack

Defence technology company Qinetiq posted better-than-expected full-year results on Thursday as it backed its expectations for 2020.

In the year to the end of March 2019, underlying pre-tax profit increased 2% to £124.0m on revenue of £911.1m, up from £833m the year before, with orders 32% higher. Analysts had been expecting profit of £115.1m and revenue of £877.5m.

The full-year dividend per share was lifted to 6.6p from 6.3p a year earlier.

During the period, the company secured a £1.3bn amendment to a long-term partnering agreement (LTPA) with the UK Ministry of Defence, won five competitive long-term programmes and completed one acquisition and one strategic investment to grow its training offering.

Chief executive officer Steve Wadey said: "This has been an excellent year with strong operational performance. By improving our customer focus and competitiveness, we have delivered a third successive year of revenue growth, increased our international revenue share from 21% to 30% over the last three years, offset the UK single source profit headwind and delivered organic profit growth.

"Securing the LTPA amendment and winning five major competitive, long-term programmes demonstrates that our strategy is working, providing a platform for sustainable profitable growth."

For FY20, the group maintained its expectations, excluding non-recurring trading items, "with revenue growth at stable margins resulting in continued operating profit progression".

At 0940 BST, the shares were up 3.8% at 308.20p.

Yes. The market is responding to excellent results.

Revenue up £80M to £911M

Orders up 32% with an Order Backlog of £3.1 BN

5% increase in year end Dividend. 4.5p paid on 30 Aug 19, to Shareholders as at 02 Aug 19.

£191M cash on Balance Sheet.

Plenty of decent Order wins

A good read for the bank holiday weekend. Steve Wady is definitely driving the Growth phase

Jack

Judging by last year, results are due next Thursday.

We have been hovering around £3 for some time now but I expect an upbeat results announcement showing plenty of growth. Progressive Dividend policy, so 4.8p could be on the cards for Aug payout.

No one else interested it appears.

Jack

I didn’t get the dip under 3 quid when the Penson buy in was announced ?

Sorts out the risk and no cash parted with, although there was a write down on the Balance Sheet. Don’t know to much about pension buy-ins but they look good news to me

https://www.mercer.com/content/dam/mercer/attachments/north-america/us/pensionrisk/13304-MG_BuyIn_SEC.pdf

I think Investors should be concentrating on QQ growth prospects. After Leo’s cost reduction program we are now in the Steve W growth phase.

Watch this space, as IMO all current indicators look good.

Jack

Excellent trading update today, with upbeat view on performance and Order Backlog. Global Products looks interesting with underlying operating profit improving during Q3.

Preliminary Results due 23 May 19.

Solid Balance Sheet, Cash generative and progressive dividend policy.......

Needs a spurt over 3 quid to stay there or some cracking news to get SP momentum

Jack