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.

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).

StockMarketWire.com
Defence technology company QinetiQ Group said it was making no changes to its expectations for the full year after underlying trading in the first quarter progressed as planned.

The company said its Europe, Middle East and North Africa services division grew both revenue and orders organically against the same period last year.

The global products division, which has shorter order cycles than EMEA services, had also continued to grow orders and revenues organically during the period, it added.