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.

Trickeling up they need a war somewhere

Defence research group QinetiQ axes 325 jobs as MoD cuts bite

Recent $2Bn NASA contract win encouraging

QQ. Qnietiq

Lovely breakout on the chart. looks
like another leg up. Fundys pretty
solid aswel, on a multiple of just
over 10 to 2013. very cheap.



QinetiQ Group PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Broker Name Withheld 3
07-02-12 BUY 131.02 16.87 2.70 114.72 14.04 2.78
Execution Noble
09-01-12 BUY 109.00 16.21 4.00 100.00 15.09 4.00
Edison Investment Research
06-01-12 None 108.40 13.30 2.50 112.50 13.80 3.00
Investec Securities
07-12-11 HOLD 136.95 16.75 2.70 108.82 13.29 3.50
Evolution Securities Ltd
30-09-11 RED 107.00 12.90 2.60 114.00 13.80 2.90

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 121.99 15.98 3.03 109.10 14.12 3.31
1 Month Change 2.98 0.43 -0.08 0.84 0.02 -0.09
3 Month Change 17.09 2.69 0.24 0.32 0.54 0.19


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS -36.32% 124.24% -11.60%
DPS % % 8.96%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £167.70m £196.71m £181.74m
EBIT £96.30m £141.46m £127.92m
Dividend Yield % 2.13% 2.32%
Dividend Cover x 5.27x 4.27x
PER 19.99x 8.91x 10.08x
PEG -0.55f 0.07f -0.87f
Net Asset Value PS -25.27p p p

Hemscott premium.

Yes tipped by Investors Inteligence today

QinetiQ (QQ/) - broke the 140p range resistance last week. This signalled that the uptrend is about to reassert, especially as this resistance is the major base ceiling (see right). We buy.



Portfolio Update

We open a long in QinetiQ (see above).

IN SUNDAYS FINANCIAL MAIL...today.

QinetiQ starts tests on new Boeing 737
By Tom Mcghie

Last updated at 5:15 PM on 19th February 2012

Britain's top secret QinetiQ defence company will this week start critical tests on the new Boeing 737 at its world-leading wind tunnel in Hampshire.

The success of the multi-billion pound Boeing 737 ‘Max’ project depends on the outcome of four months of tests on its efficiency at take-off and landing speeds.High-speed tests will be done in Seattle.

The aircraft, which is due to come into service in 2017, is expected to be 12 per cent more efficient than the present 737. A new engine and wings with shark-like fins are set to make it significantly more economical to run than its rivals.

In 2004, Boeing agreed a ten-year deal to use QinetiQ’s wind tunnels at Farnborough.

Scientists there have built a global reputation, having successfully tested Boeing’s 777 series and the Dreamliner.

QinetiQ shares neared a 12-month high on Friday, closing at 148p.


http://www.thisismoney.co.uk/money/markets/article-2103384/QinetiQ-starts-tests-new-Boeing-737.html

Mentionned in the National Press
yesterday, please see post above.

IG Index


Client Sentiment

LONG 95% of IG clients with open positions in this market expect the price to rise
5% of IG clients with open positions in this market expect the price to fall

goldy you may well find most IG customers are optimists and are always long

Just using it as a proxy as IG is the biggest of them all.

Changes every 15 minutes anyway and shows on a daily basis how sentiment changes.

We should have a pre-close trading update from aerospace and defence technology specialist QinetiQ on Monday, ahead of interim results due in November And I think engineering and defence companies are well worth a look these days, having suffered during the economic downturn.

Earnings per share figures have slumped over the past three years, and the dividend was stopped in 2011. But forecasts for the year to March 2013 suggest a return to pre-crash levels, with round 15p per share being forecast -- today's price of 174p turns that into a price-to-earnings (P/E) ratio of under 12. The recovery in the dividend is expected to continue this year and next, too, though there's only around 2% on the cards as yet.

Still, it's a recovering industry, and it seems like a good time for investors to give it some scrutiny.

QinetiQ going great guns despite foggy outlook
Mon 24 Sep 2012

QQ. - QinetiQ Group

Latest Prices
Name Price %
QinetiQ Group 180.30p +4.95%

FTSE 250 11,872 -0.66%
FTSE 350 3,104 -0.56%
FTSE All-Share 3,038 -0.56%
techMARK 2,131 -0.35%
techMARK 100 2,420 -0.54%
Aerospace and Defence 3,879 -1.10%

LONDON (SHARECAST) - Defence firm QinetiQ Group's trading has been going great guns, with first half performance stronger than originally expected.

The first half of the group's financial year saw it deliver the majority of two key orders for the Q-Net vehicle survivability product earlier than originally planned. This, together with a higher level of spares sales, more than compensated for lower sales in other major products, the company revealed.

The group is enjoying slightly different fortunes on either side of the Atlantic Ocean. The UK service side has continued to perform well, benefiting from a reduction in the cost base and better project execution, as well as a boost in short-term orders.

In the US, where the federal spending picture is cloudy, to say the least, the group has been doing less well. A large number of submitted bids remain unresolved, and some of these are unlikely to be decided until the issue of sequestration - the raising of the budget debt ceiling - is addressed.

The board touched on the issue of political uncertainty in its outlook statement, saying that - along with the dodgy economic outlook in the UK and US - forward visibility for the next six months is much lower than usual, particularly in the US.

"However, the strong performance in the first half gives the board confidence that the group should at least meet its expectations for the current year, absent any material change in customer requirements," QinetiQ said.

A trading update from defence and aerospace engineer QinetiQ pushed its shares up 10.1p (5.9%). "The Group's performance during the first half of the financial year has been stronger than originally expected", we were told, and the board expects to at least meet its previous guidance for the full year.

Forecasts put the shares on a price-to-earnings (P/E) ratio of 11 for the full year, with a dividend of around 2% expected, so a lot of the expected recovery looks to be already in the price.

Defence firm QinetiQ Group (Other OTC: QNTQF.PK - news) 's trading has been going great guns, with first half performance stronger than originally expected, prompting shares to jump. The first half of the group's financial year saw it deliver the majority of two key orders for the Q-Net (Frankfurt: A0Z22E - news) vehicle survivability product earlier than originally planned. This, together with a higher level of spares sales, more than compensated for lower sales in other major products, the company revealed.

Banked some profit

Well done DC, That's quite a chart isn't it?

Thanks Stan, why are they all not like this. :-))

Indeed.

Sold my holding :-))

have had this one from the start showing profit at last and starting to look ok QinetiQ said the UK Ministry of Defence will pay £998 million for the third five-year term of their long-term partnering agreement (LTPA).

Qinetiq has completed 10 years of the 25-year LTPA, and the just-agreed price for the third five-year term will see it continue to provide test, evaluation and training support services to the MoD.

"As a result of cost savings and some minor changes in scope, MOD will pay £998 million across the third five-year term of this contract," Qinetiq said.