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.

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.

Half-yearly report

QinetiQ, the defence, security and aerospace company, announces its interim results for the half year ended 30 September which saw:

• Encouraging increase in order intake in EMEA Services with growing international customer base
• US Services stabilising post restructuring but visibility remains limited
• Decrease in US conflict-related product sales and profits against record first half of last year
• Balance sheet strength achieved by on-going high cash conversion
• Increase in interim dividend reflecting re-basing of last year's final dividend and confidence in strategy

Interim Management Statement

http://www.telegraph.co.uk/finance/newsbysector/industry/defence/12005247/New-security-threats-give-defence-group-QinetiQ-a-boost.html

Having a great week, watching. Reluctant to go long at these levels. Never traded this one before. See what happens when it pulls back a bit.

bought at float still hold, its been a long time, 300p on next results , decide then
in the meantime a takeover, ? BB

On watch list for Monday, since July 2015 has bounced on solid support line 220p(ish). Looking for a trade long on the spreads, initial target 260p with tight stop. Interim result next Thursday 16th.


LATEST BROKER VIEWS

Date Broker New target Recomm.
2 Oct JP Morgan... 290.00 Overweight
29 Sep Liberum Capital 270.00 Hold
25 Sep Barclays... 285.00 Overweight
17 Aug Barclays... 285.00 Overweight
24 Jul JP Morgan... 290.00 Neutral
20 Jul Goldman Sachs 253.00 Sell
20 Jul JP Morgan... 290.00 Neutral
19 Jul Liberum Capital 270.00 Hold
5 Jul JP Morgan... 295.00 Neutral
31 May Goldman Sachs 255.00 Sell

Liberum Capital today reaffirms its hold investment rating on QinetiQ Group PLC (LON:QQ.) and raised its price target to 270p (from 230p).

Berenberg today downgrades its investment rating on QinetiQ Group PLC (LON:QQ.) to hold (from buy).