Jack Diamonds
07 Jul 2017
RNS - Admin Error on Annual Report QQ might also want to look at why no PDMR RNS was issued for May 17 for Steve Wadley. I thought share purchases under the scheme were a monthly occurrence?Predicted the high of £3.22 but now £2.58 based on what?Good entry point, me thinks.
Jack Diamonds
25 May 2017
Robust set of numbers...... Nice to see some strong results for a change and a pleasure to read through the full year financials. Good organic growth, strong Order book and plenty of opportunities. Capital allocation and progressive dividend policy works well for me. JackCapital allocation Priorities for capital allocation are: 1. Organic investment complemented by bolt-on acquisitions where there is a strong strategic fit;2. The maintenance of balance sheet strength;3. A progressive dividend; and4. The return of excess cash to shareholders. The £50m share repurchase, which was announced in November 2015, was completed by 31 March 2017. Dividend The Board proposes a final dividend of 4.0p (2016: 3.8p) making the full-year dividend 6.0p (2016: 5.7p). Subject to approval at the Annual General Meeting, the final dividend will be paid on 1 September 2017 to shareholders on the register at 4 August 2017. The full year dividend represents an increase of 5% in line with the Group's progressive dividend policy.
Jack Diamonds
05 May 2017
Re: good year. Latife,If you look at the 5 year chart, long term Shareholders have not been disappointed. Clearly the SP doesn't go up in a straight line, and we have been hitting new highs recently, so some traders may cash in now after good gains.However, I think this still has some way to go to find a new range. £3 was a Psychology barrier to break but it should run on from here. Results due 25 May, trading already confirmed as expected, highly cash generative, excellent Order Backlog underpins the next 12 months , acquisition of the Meggitt Division was reported as earnings enhancing, Share buy back has the Total Voting Rights down at 567.2M shares and therefore progressive dividend policy on much fewer shares in issue. I'm sticking..........
latife
28 Apr 2017
good year. Good rise this year, maybe it is time to take some profit?Any views out there would be appreciated on this quiet board.....
LK Hyman
02 Mar 2017
Re: Make your mind up QQ........ Jack,Well spotted, m8!It looks to me as if the CoSec has added the 144,616 shares bought back on 27 February to the total shares in issue (excluding treasury shares) whereas he should have deducted them.It will be interesting to see whether they issue a correction or merely get the number right next time around and hope that no eagle-eyed shareholders spot the co ck-up ... if it was a co ck-up.LKH on the flybridge it was a co ck-up
Jack Diamonds
01 Mar 2017
Make your mind up QQ........ They are buying these shares back so quick, they are even getting confused with their own RNS. Sloppy QQ........please sort this outDon't know if a declaration is required.....or not!!!JackRNS 01 Mar 2017Therefore, the total number of voting rights in the Company as at 28 February 2017 is 570,488,351. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DTRs.RNS 27 Feb 2017Following the above purchase, the Company holds 4,515,868 Shares in treasury and has 570,343,735 Shares in issue (excluding treasury shares). The above figure of 570,343,735 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Jack Diamonds
28 Feb 2017
Meggitt playing its trump card........ Seems like a great acquisition for QQ. Just need them to over perform as expected. JackIt seems Donald Trump has given Meggitt plc (LON:MGGT) something to look forward to as the new US President has pledged to increase defence spending by a record $54bn.Meggitt said it expects between 2-4% of organic revenue growth in 2017 as its military division stands to benefit from the new US administration’s planned injection.The British engineer, which specialises in aerospace, defence and energy markets, reported a 7% drop in statutory pre-tax profit in the year to 31 December 2016 on costs associated with the acquisitions of Cobham and ADAC. In turn the acquisitions contributed to revenues, which rose 21% on a reported basis. Shares were up 12.52% in afternoon trade.
Jack Diamonds
22 Feb 2017
Re: jpm cazenove says..£2.95 Yes Valeite, QQ have little problems buying 480,000 shares yesterday at an average of £2.747 Total £1.318MI think we are seeing QQ move up to another trading range and I would expect that to be £2.90 - £3.20 before they rest for breath. The 5 year chart is pleasing to read.31 March 16 saw EPS at 16.3p and the Dividend at 5.7p on 583.7M shares in issue (Down from 602.6M at 01 Apr 2015).We are now at 571.5M, with a further £11.7M buy back kitty to go. The Meggitt transaction was expected to be EPS accretive in the first year of ownership. Highly cash generative and growing business, 90% of Revenues outside the UK which QQ could springboard from.QQ themselves have secured a number of excellent contract wins over the last 12 months.It's nice to see JPM agreeing with me (although a tad on the low side!!!)
LK Hyman
17 Feb 2017
Re: Praise, praise de lawd! Casa,"The fall in price today may have been influenced by the share price collapse of Cobham in the same sector."I wouldn't have thought so, m8. Cobham made a pig's ear of the Aeroflex acquisition (by overpaying LOL). And then they screwed up the Boeing tanker thingy.QQ seem to be more solid and sensible ... famous last words![link] on the flybridge Mein Fuhrer! I can walk!
casabanker
16 Feb 2017
Re: Praise, praise de lawd! RCP is an excellent choice. It's been on my watch list since I was wearing short trousers. The price keeps rising. It's the same with SMT and CLDN. I have caught up with BGS and FGT though. I have been expecting to pay fees on my trust holdings but none paid so far. Certainly you would pay if entering the funds directly rather than buying them as shares. I have shown an interest in QQ over some years but never bought any shares. I have seen it tipped recently due to its solid cash flow and potentially improving dividend. However, I still don't feel tempted to buy. The fall in price today may have been influenced by the share price collapse of Cobham in the same sector. Casa.
valeite
16 Feb 2017
jpm cazenove says..£2.95 little downside.....plenty of scope on margins/bolt ons .solid hold for me
valeite
16 Feb 2017
cannacord comments... positive view of QQ. but says price is up with events hence now a hold (from buy) .price target £2.85 .
gamesinvestor
16 Feb 2017
Re: Praise, praise de lawd! "Have you two looked into trusts?"casa - I used to m8, but sold every single one.It's all down to my own mistakes now I'm afraid.Games -- ahh but I don't pay fees and I don't suffer from too much expensive churn!
LK Hyman
16 Feb 2017
Re: Praise, praise de lawd! Casa,"Have you two looked into trusts?"I've got some of Jake Rothschild's RIT Capital Partners, which has done me proud over the years. Jake has around a quarter of a BILLION spondoolies of his own chump change invested in it and his daughter Hannah has a few bob in it as well. No-one can ever go too far wrong by clingin' like a demented succubus onto the Rothschild coattails, my humble. RCP gives one access to opportunities that one cannot buy directly, so it should be a nice counterbalance to "normal" FTSE companies.LKH on the flybridge
casabanker
16 Feb 2017
Re: Praise, praise de lawd! Don't mind me barging in I hope but I have bought some Whitbread recently at around 3600. The Costa side of the business might come under pressure over the next year due to the weak gbp and rise in the minimum wage. It also depends on whether the UK economy suffers depression. In spite of that, the business model looks good to me and it beats them Yanky Starbucks into a cocked hat. Other than that, I am steering clear of retail although them supermarkets have recovered somewhat. Currently I am not straining for yield but concentrating on capital protection (hopefully growth, lol).Have you two looked into trusts? I have had some noteworthy success with LWDB, JZCP and RSE. There are stacks of options in this area and it has provided needed stability in my folio.Darest I admit it but I used to watch Bonanza!Casa.
