gamesinvestor
25 Jul 2016
QQ Business Just started looking at this again after a long break, and having sold at a lower than today's price. What was it they say about doing nothing?Anyway, having kicked my self up the A, I'm looking at the breakdown again of their bus. Don't know if anybody has considered this comparison, but on the products side, the revenue is approx £200K per head (139M divided by 693 employees).The service comparison is £616M / 5514 employees or £111K.The service part of this looks very vulnerable, as I assume most of these employees are on the books and are running at a relatively high cost. Miss a few contracts and bingo?Need to analyse this a lot more but it's a tad worrying that the CFO has just offloaded a chunk of his shares, as he did last year :-Traded Action Notifier Price Amount Value28-Jun-16 Sell David Mellors 226.09p 74,143 £167,627.6811-Aug-15 Sell David Mellors 235.07p 65,860 £154,817.10Games
LK Hyman
18 Jul 2016
In for more I piled in for some more of this puppy this morning. It's now 5.2% of the wad.Good to see that QQ is going in to bat for Textron's Scorpion kit car jet with Thales and Textron themselves. That has to make sense in a world where value for money is gonnae be ever more important.And with the towelheads getting more and more aggressive there will surely be a call for more and more Talon Black Robots ... all paid for in dollars with luck.LKH at Rancho
Jack Diamonds
06 Jul 2016
Re: Good to see....... Hawk Eye..........Not too sure about your buy back comments. Another 450k turned to dust today and ML keep up the buyback pressure at 2.17I can see the progressive dividend policy is a tad easier, with less shares in issue. Might take a while, but we will get there.
Hawk Eye32
26 Jun 2016
Re: Good to see....... Jack, don't all together agree with share buy back especially in these troubled markets. What does say is the board have little thought or idea of growing the company, sad they to see them go down this route.
Jack Diamonds
25 Jun 2016
Good to see....... That amongst the madness QQ buy back 364k at an average of 2.26. Nothing has changed other than the SP. As a long term Shareholder I'm glad that these are being scooped up in an artificial market. All good for Shareholders. Jack.
Jack Diamonds
26 May 2016
Awesome performance........ QQ remaining Agile, with good profits and cash generation. Great to see their collaboration with key Customers, to deliver excellence. Good news for Shareholders.......JackCapital allocation A key part of building for the future will be capital discipline. We intend to maintain our priorities for capital allocation with a focus on investment in creating the conditions for growth: 1.Invest in our organic capabilities, complemented by bolt-on acquisitions where there is a strong strategic fit; 2.Maintain the necessary balance sheet strength;3.Provide a progressive dividend to shareholders;4.Return excess cash to shareholders.Earnings per share Underlying basic earnings per share* for the continuing Group were 16.3p (2015: 15.2p) benefiting from the higher profit before tax and the reduced share count, as a result of the Group buying back shares. Basic earnings per share for the total Group were 18.1p (2015: 16.6p per share). The average number of shares in issue during the year, as used in the basic earnings per share calculations, was 587.0m (2015: 630.9m) net of Treasury shares, and there were 586.7m shares in issue at the year end. Dividend The Board proposes a final dividend of 3.8p (2015: 3.6p) making the full year dividend 5.7p (2015: 5.4p). Subject to approval at the Annual General Meeting, the final dividend will be paid on 2 September 2016 to shareholders on the register at 5 August 2016. The full year dividend represents an increase of 6% reflecting the Group's progressive dividend policy. Cash flow, net cash and liquidity The Group's cash flow from operations before cash flows in respect of specific adjusting items but after capital expenditure was £103.6m (2015: £114.9m). Underlying operating cash conversion* remained strong at 96% (2015: 103%). At 31 March 2016 net cash was £274.5m (2015: £195.5m), reflecting continued strong operating cash performance, £22m Cyveillance disposal proceeds and non-recurring net tax receipts totalling £28m relating to the impact of the regime change to R&D tax credits and the associated surrender of UK trading losses. Total committed facilities available to the Group at year end, consisting solely of a revolving credit facility which is currently undrawn, amounted to £235.6m (2015: £233.3m). A £150m share buyback was initiated on 28 May 2014 following the US Services disposal and completed by 30 September 2015 with 72.5m shares purchased in total. An additional £50m share repurchase was announced in November 2015 to be executed over 12 months, of which £47m remains to be completed.
Jack Diamonds
18 Mar 2016
Re: £50M Share Buy Back......... The steady 100k per day continues...........Looks like a good run into the Year End.
Jack Diamonds
04 Mar 2016
£50M Share Buy Back......... ..........started......well this week QQ repurchased 500k shares at a steady rate of £100k per day. As we head towards year end on 31 Mar, will this rate continue at £1.2M per week or will they pick up the pace. Progressive dividend policy, on ever decreasing shares in issue. Can someone also light the touch paper on exciting news for extra Capital appreciation?Guidance already confirmed for this year, so over to you QQ
Jack Diamonds
10 Feb 2016
Q3 Trading Update Performance for 2016 reaffirmed and a couple of excellent contract wins. 2000kms of Optasense bodes well for winning similar deals. SP off its high by 50p+ (how do these Markets work?)Divi paid on Friday and we continue to buy @ £2.25pRecommend downloading QQ App (QinetiQ investor relations app in IStore). Some good info.
LK Hyman
09 Feb 2016
Re: At these prices......... Jack,Fingers crossed it wasn't this noddy little buyback (as you say) which caused today's nice rise!LKH on the flybridge, lights of Suez in sight
Jack Diamonds
09 Feb 2016
Re: At these prices......... Well the buy back appears to have started again. 1,024 shares @ an average of £2.20. What a lame amount of shares to buy back from ML. Still it's a start............
Slamming Sammy
21 Jan 2016
Re: At these prices......... Agreed, nothing has changed about this company so keep the faith!
Jack Diamonds
21 Jan 2016
At these prices......... After knocking off 14% of the SP in the last few weeks I guess consideration might be given to commence the £50M buy back. Nothing has happened since the announcement on 19 Nov. Last time around they were happy to purchase at these levels. No rush, what with global markets going as they are. Small compensation, that the Divi is in the bag, but disappointed that our flight to £3+ is delayed by events out side of our control. JackThe £150m share buyback, which commenced on 28 May 2014, was completed by 30 September 2015 with 72.5m shares purchased in total. A further £50m share repurchase was initiated today in line with the Group's capital allocation policy. It will be executed over the next 12 months provided there are no other significant and better opportunities for investment within the business during this period.
Ripley94
20 Jan 2016
Re: Re: Was thinking of getting back in .Saw Berenberg broker tipped sell today so put off.
Jack Diamonds
14 Dec 2015
"Buyers can't get enough"....... .......and here's a few reasons why. With the sale of Cyveillance for $35M and £50M share buy back waiting in the wings it's easy to see why in this Market "Cash generation" gets Good Value. Let's leave the Takeover premium for another day. JackBuyers can't get enough of cyber expert QinetiQ (QQ.). Interim results last month kick-started the latest rally, which has now stretched to over 18%. Qinetiq sold its troublesome US services division last year; now finance costs have fallen sharply and the half-year dividend is up 6%."We see a strong investment case for QQ right now: it is not exposed to the global GDP growth slowdown, it is highly cash generative, and it is clearly committed to return cash to shareholders," said JP Morgan's David Perry. There's a likely takeover premium here, too.
