Qinetiq Share Price (QQ.)

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

https://www.proactiveinvestors.co.uk/companies/news/981602/qinetiq-still-preferred-to-chemring-by-jefferies-981602.html

@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