Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Commissioned researcher Edison has published a post results note on Fully Listed Qinetiq (QQ.) flagging up its massive cash backing and strong cashflows. It argues that the shares, now at 196.5p, are worth 230p.
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