Congratulations to Qinetiq. A solid bet. Excellent products. Management only as good as staff. Staff very competent so will make management look good. management should not squander opportunity. Looks a good future.

stateside:

They translate at about the same rate as for the 40 options mentioned earlier, I understand.

mw

Thank you.

stateside

stateside/ mw:
I believe that there is some confusion around the convoluted mathematical equations ( not suprising being qq! ) that took the original 40 "gift" shares/options plus the 500 investment offered to all employees in 2003 and converted these into 40 unvested plus 1702.4 vested plus 250 shares. I guess someone will produce an old fashioned nomogram to demystify the conversion!!

I agree - the company should be left to do what it does best and build up an effective organisation

stateside:
thanks for pointing to Dail Mail. A little bit of old investigative news but interesting.

http://www.dailymail.co.uk/pages/live/articles/news/newscomment.html?in_article_id=377208&in_page_id=1787 will pull the article up.

Whilst all should be wary of the presence of politicians( particularly that group) they do gravitate to the gravy boat. As always caveat emptor.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/10/29/cnqinet29.xml


Qinetiq set to beat BAE to 10bn MoD deal

By Sylvia Pfeifer and Robert Watts
Last Updated: 12:12am BST 29/10/2006

A consortium led by Qinetiq, the former government-owned defence agency floated in February, is poised to pip BAE Systems to win a 10bn-plus contract for the Ministry of Defence.

The private finance contract, dubbed the Defence Training Rationalisation programme, is to train Britain's Armed Forces for the next 25 years. It has already proved highly political, pitting Wales against the West Midlands to secure the main base for the contract.

Two consortia have been vying for the deal. One, Metrix, is a joint venture between Qinetiq, in which the Government retains a 19.3 per cent stake, and Land Securities. It also includes a group of other defence and support services companies such as Serco and Raytheon. The other, MC3, is a joint venture between BAE Systems, VT Group and Carillion.
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MC3 plans to maintain and expand an existing training base at RAF Cosford in Shropshire, where more than 3,000 servicemen are employed. It has received the backing of Advantage West Midlands, the regional development agency.

But the Welsh Assembly is backing Metrix. It wants to use RAF St Athan in the Vale of Glamorgan as its base, and is promising to create about 5,000 jobs there if it wins.

Although the Ministry of Defence has yet to make a final decision, sources close to the bidders say that early indications are that the Metrix consortium has emerged as the leading contender to win the contract. If Metrix does emerge victorious, it is likely to prove controversial, especially given the government's stake in Qinetiq. It would be a significant boost to the company whose share price has remained below its original offer price.

Mark Pritchard, Tory MP for The Wrekin, said: "I believe Cosford should win if this decision is based on the provision of quality defence training and best value for the Treasury rather than it being made for political reasons to save marginal Labour seats in Wales."

Chris Bryant, Labour MP for Rhondda in South Wales, said: "I don't think it's been decided yet but I feel hopeful... What should be brought into consideration is the skills base locally, the quality of the bid itself and the cost to the MoD."

A spokesman for the Metrix consortium said: "Our teams have worked hard and now await the outcome."

Meanwhile, it has emerged that the PCS, one of the trade unions which represents employees, is to ballot its staff on industrial action within the next two weeks. "We are very concerned that this PFI deal will lead to job losses," said the official. "This is work of national security and should certainly not be put into the hands of a foreign contractor."

The PCS said that it initially planned to ballot its members after the contract had been awarded, but may bring a ballot forward.

Any thoughts/ will this materialise or has it already been handed to BAE (Considering that BAE do have strong contacts and probably could win this contract if they really wanted too.

How can the S.P. not respond to such a contract coup for QinetiQ? beating the likes of BAE for such valuable contracts surely must positively impact the S.P.

Be patient. QQ have a long way to run yet and there is a lot of good work in progress.

Good set of results

Labour to sell-off (almost all) remaining holding.
This company is really the Government research business (IMHO) and has a special position not enjoyed by other companies - so it's surprising the sp hasn't rocketed!

However, we must not forget the (US),Carlile debacle - wen't they sold a big chunk of this Brisith company at a price anyone would bite your hand off for? Why this wasn't offered to the Public I don't know - it was a done deal with Directors becomming very rich on paper almost overnight.

Am I wrong? - Answers please.

The Government is trying to raise money to pay for the Stamp-Duty fiasco ( that halted house-sales for a few months - Doh!). , , , and the 10p Tax grab ( aimed at the worst-off ).....and ( long-list here)!

It will be interesting to see if the Public gets a look-in. . . . . . . . . . don't be silly, this stock will go to party-backers, or maybe some trades union that's reasonably friendly towards Gordon . . . . can't be a long list, eh?

i don't know about all of the above but buying at 2.05 and already seeing a profit is happy days...

This hasn't really joined in the market rally over the summer.

Looks pretty good value having done a bit of research.

If defence budget is not cut and they gain new contracts, or another war starts it should fly up.

A tip by EK and a chart: http://uk-analyst.com/shop/page-article/action-article.show/id-130002538

QinetiQ upgraded to buy from neutral at BA-Merrill Lynch

This would affect QQ. adversely...


British efforts to tackle terrorism and radicalisation in Pakistan have been slashed by 110million due to a Foreign Office budget shortfall.

In an embarrassing admission, the Government yesterday revealed the vital cutbacks blaming the falling value of the pound for the decision.

It comes as Prime Minister Gordon Brown told MPs in the Commons that the crucible of terrorism on the Afghan-Pakistan border remained the number one security threat to the West.

Foreign Office minister Baroness Kinnock told peers at Lords question time last night: As a result of exchange rate movements, the FCO faces a shortfall in 2009-10 of an estimated 110 million; we estimate this shortfall will increase slightly in 2010-11.

'Programmes in Afghanistan in counter-narcotics have been cut, capacity building to prevent conflicts in Africa, counter-terrorism and radicalisation in Pakistan, the list goes on.

test

Test What ?

Good price now, get in before the septics invade Iran

Any views on these? They are obviously vulnerable to any defence cuts etc, but have recently agreed with unions the start of staff/pay rationisation.

Commenting on the union ballot on 28th June, CEO CEO Leo Quinn said, "This result is a credit to our
people in understanding the increasingly competitive nature of our markets.
Whilst this is only one step in a two-year journey, and it is too early to
quantify the impact, this agreement was integral to our plans announced last
month and will enable us to strengthen our UK business. Our priority is to
ensure that we retain the right expertise, flexibly deployed, to help customers
to derive value for money from their defence and security programmes."