Jack Diamonds
21 Dec 2016
Re: Nice one, Steve! LKHI jest !!Excellent acquisition IMO. "Acquisition of a highly cash generative and growing businessExpected to be EPS accretive in the first full year of ownershipReturns exceed QinetiQ's cost of capital within three yearsFinanced from existing cash resources"Steady as she goes, I guess. Slightly surprised QQ have not moved up more in SP.Maybe Management need to generate more excitement. Cash generation is king, as is progressive returns to Shareholders. Quite pleased at the moment.
LK Hyman
21 Dec 2016
Re: Nice one, Steve! Jack,"Get off the flight bridge"In the middle of the Bay of Bengal? I think not, m8!LKH remaining resolutely on the flybridge ... never get off the boat ....
Jack Diamonds
21 Dec 2016
Re: Nice one, Steve! LKH......Let's hope this is the start of some well overdue action.....Get off the flight bridge......and give us a fly past!!!
LK Hyman
21 Dec 2016
Nice one, Steve! The acquisition of Meggitt Target Systems has gone down well with Mr Market.Truly QQ is now even more of a target rich environment .... and my biggest single holding by some way, soLKH on the flybridge is as happy as a sand bo
Blanketstacker
02 Dec 2016
Re: Nice £1Bn Contract Amendment Totally agree, LK. I don't hold, but have done work for their 'competitors'. I am keeping an eye, and looking for entry c225. Isn't the yield a bit miserly for you? (It is also home to t The George, as I recall. Shabby and definitely not chic!)
LK Hyman
02 Dec 2016
Re: Nice £1Bn Contract Amendment Blanket,"Any potential competitors are simply squeezed out"If QQ has a nice monopoly, ain't that a good thing for hard working QQ shareholders? In that sense I wouldn't agree with you that this is a non-announcement (if you see what I mean).At least the MOD hasn't completely thrown in the towel and turned Boscombe Down (the second longest runway in Blighty) into an executive jet airport for Philip Green's Gulfstream G650 and such like.I'm comfortable having QQ as the biggest single component in my shrunken wad at 7.5%. The new bloke seems a pretty safe pair of hands thus far. I just wish I could sense more of a commercial drive at the company. The impression is slightly of a bunch of madcap whitecoated scientists who have little concept about the only thing that matters, namelyLKH on the flybridge's divis
Blanketstacker
02 Dec 2016
Re: Nice £1Bn Contract Amendment In a way this is a bit of a non-announcement. No other provider has access to the facilities, expertise and staff to carry out these contracts. Any potential competitors are simply squeezed out by QQ.
Jack Diamonds
02 Dec 2016
Nice £1Bn Contract Amendment Great to have this news.......Another building block for solid success. JackRNS Number : 7651QQinetiQ Group plc02 December 2016 QinetiQ secures £1bn contract amendment to deliver modern air ranges and test aircrew training, enabling military capability for the future2 December 2016 - QinetiQ announced this morning that it has been awarded a £1bn contract amendment to the Long Term Partnering Agreement (LTPA) from the UK Ministry of Defence (MOD), under which Test & Evaluation (T&E) services have been delivered since 2003, committing approximately half the core LTPA revenues until 31 March 2028. Under the amendment QinetiQ will modernise and operate the air ranges at MOD Aberporth and MOD Hebrides, and test aircrew training through the Empire Test Pilots' School at MOD Boscombe Down. Importantly, efficiencies delivered through this programme enable future MOD and QinetiQ investment in developing further world-class T&E. In today's world of rapidly evolving and sophisticated threats it is crucial that the UK Armed Forces develop and deploy advanced military capability quickly and flexibly to protect national interests. Modernising the delivery of T&E is a critical enabler to the success of this outcome. Working alongside the MOD, QinetiQ has established this programme to ensure that the UK is at the forefront of world-class competitive air ranges and test aircrew training, relevant to the current and future needs of the UK Armed Forces as well as government and industry customers around the world. The MOD and QinetiQ have agreed to invest approximately £180m in modernising facilities, equipment and developing new ways of working as part of QinetiQ's wider strategy to lead and modernise T&E across the lifecycle, from experimentation and research of new capabilities through to training and rehearsal of current capabilities. This new approach will be delivered by working in collaboration across the defence enterprise, including Small Medium Enterprises (SMEs), to foster innovation and develop future skills, with the QinetiQ investment being recovered from the MOD over the life of the contract. Minister for Defence Procurement, Harriett Baldwin said: "This new deal will ensure our Armed Forces get world-class training and testing facilities and services while making substantial efficiencies, ensuring excellent value for money for the taxpayer."Backed by a rising Defence budget and our £178 billion equipment plan, all three sites will continue to have a major role in supporting our defence capability. This investment will help secure their futures for the longer term." Steve Wadey, QinetiQ CEO, said: "This contract amendment represents a huge step forward in the modernisation of UK Defence T&E to enable the safety and operational advantage of our Armed Forces in the 21st century. Our investment demonstrates that we are committed to transforming our ways of working with both UK MOD and wider industry, to deliver air ranges and test aircrew training that are relevant and competitive for the UK Armed Forces as well as government and industry customers around the world. I am particularly excited that this programme also enables us to plan and begin implementation of further enhancements to the UK's T&E capabilities to address current and emerging threats through the next decade and beyond." There will be a conference call for QinetiQ analysts and investors at 0745 hours UK time on 2 December 2016.Dial in details: +44 (0) 20 3003 2666 Password: QinetiQ. This announcement contains inside information and the person responsible for making this announcement is Jon Messent, Company Secretary. ENDSNotes for Editors: The Long Term Partnering Agreement (LTPA) is a 25 year contract between the MOD and QinetiQ. The LTPA is valued at around £5.6 billion and came into effect in April 2003. The company operates 17 core MOD sites and ranges delivering: test, evaluation,
Jack Diamonds
10 Nov 2016
Gain of 2.5%...... Happy to continue to buy QQ, as they are rock solid in difficult times. The buy back is still in operation and we are told will be completed in 2016. Excellent cash generation and progressive dividend policy, so what's not to like. They need to get their heads together to come up with an alternative to the Russian T-14 ArmataTank. Maybe the US will sling them a few orders......Anyone know why the Buy back shares are being held in treasury, rather than cancelled?
Jack Diamonds
04 Oct 2016
£109M contract win....... Good to see a new contract win.......And the annual numbers still on track.......And £21M left on the share buyback. At c£2.40 that's another 8.75M shares, taking us down to c565M by end 2016. Hopefully dividends will bounce on the reduced number of shares, set against the stated progressive dividend policy. I think the best indicator was the "rising defence budget"Harriett Baldwin, Minister for Defence Procurement, said:"This contract with QinetiQ is great news for the Royal Navy and for jobs in the region. Our commitment to Portsmouth is demonstrated by the Ministry of Defence's £100 million investment over the next six years*. With a rising defence budget we are ensuring that our armed forces have the equipment and support they need to keep the UK safe and secure."Should all be good for QQ
Jack Diamonds
14 Sep 2016
21k shares repurchased today......,,, It looks like JP Morgan were active 3 times today, for a pityful 21k shares. This buy back is driving me nuts and QQ remain range bound at £2.30. FFS get the buy back sorted and announce a strategy for growth. ...........Div was appreciated, but that's about it!
latife
12 Aug 2016
7 Why does someone buy 7 shares????
LK Hyman
04 Aug 2016
Buyback I notice that yesterday QQ bought back some 208,000 shares for cancellation, the day before the shares went ex div today.Fingers crossed that they didn't actually cancel 'em yesterday, because it was a racing certainty yesterday that the shares would fall by the amount of the divi today. LKH at the LK Wash & Valet
gamesinvestor
31 Jul 2016
Re: QQ Business Jack, Good point on the tax coverage, I should have checked.On the vulnerability of the lower revenue per head on the service side and fixed costs, does this not concern you much?Or are you, like LK, rather convinced the little Talon robots are going to become very important in today's mad world?Games
Jack Diamonds
26 Jul 2016
Re: QQ Business Games...........You need to read the RNS.....your sale of 74k shares"Number of Shares sold on 28 June 2016 by operation of the DAB rules to cover Tax Liability"Very common that Shares are purchased under DAB schemes and some are sold in the mix to cover tax. Net purchase 84k...........Nothing to worry about
