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#Gold #SP500 It seems some folk have woken up to QinetiQ, a UK company who are one of the worlds foremost in producing weapons which can kill people somewhere else on the world. Rockets and Missiles seem to be their specialist subject, probably rather more capable than the Pound Shop rockets and drones\u00a0 being flung around with abandon in the Middle East. There was a Tom Clancy book, “Red Storm Rising” I think, which has proven fairly prescient, detailing how GPS co-ordinates can make it easy for munitions to reach their target. However, in the best Tom Clancy tradition, the US Government controls the satellites which issue GPS data, capable of substantially widening the error range of each co-ordinate or just turning the system off entirely.<\/p>\n
But nowadays, the real terror for the security services must be the possibility of someone with a Smartphone posing for a snapshot beside the Thames Barrier, the hidden data behind the photograph holding the exact location reference. Such a photograph, sent to a “chum” in a distant country, would provide fairly exact target location data which could be used for anything. QinetiQ on the other hand probably make missiles which broadly ignore GPS data, instead relying on a vast library of actual waypoints and targets. To be blunt, it’s pretty horrible but there can be little doubt current world affairs for a company like QinetiQ must suggest it’s raining soup and they are the folk who’ve invented the soupbowl.<\/p>\n
All of this is a bit of a puzzle, the company share price being pretty rangebound over the last couple of years.\u00a0 Currently at 476p, the share needs a 10% rise to even begin to alert us something has changed. Movements above 525p currently look capable of a lift to an initial 550p with our secondary, if bettered, at a confident looking 602p. A nudge such as this would be extremely significant, suggesting a third level future target of 674p should become possible.<\/p>\n
However, the lackadaisical attitude over the last year bothers us – a lot.\u00a0 Sometimes, it feels the market punishes QQ just because they’re not a household name like Rolls Royce or Lockheed Martin, thus condemned to spend their life as a “Me Too” share rather than an actual driver for the sector.<\/p>\n
This being the case, the immediate suggestion is of weakness below 458 triggering reversal to an initial 438p with our secondary, if broken, a less likely bottom at 402p. From QinetiQ’s viewpoint,\u00a0 hopefully peace doesn’t rear its ugly head in the Middle East as they probably supply goods to the good guys. Or we can hope this is the case.<\/p>\n
On the bright side, we’re slowly approaching another Grand Prix weekend.<\/p>\n
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