Chemring Share Discussion Threads

[salpara111] 11/10/2013 12:13

If you are a trader there could well be a technical bounce from 220 but I have a couple of other trades in mind which I feel are less risky so I am moving on.
My target had always bee the long term support line at 220 it just took a while longer to get there than I had anticipated!
I much prefer to take long positions but I just felt so strongly that this one was overvalued that I took a short position. I don't know how much the management is to blame but what was clear to see was that with the wind down in the Afghan conflict there was going to be less need for the type of consumables that CHG are involved in.

[philanderer] 11/10/2013 12:09

JP Morgan updated ..... retains 'neutral' drops target from 310p to 260p


hxxp://www.ig.com/content/dam/publicsites/igcom/shared/Broker%20ratings/ukratings_111013.pdf

[philanderer] 11/10/2013 12:04

Top trading Salpara.

Must say I`m tempted at 220p

[salpara111] 11/10/2013 11:53

Every turkey has its day.....I was beginning to wonder if I had called this one wrong.....I refer to my post 932 when I opened a short....closed it today for 220.....apparently I will be going skiing twice this winter after all!
Given that they have effectively said that 2014 is going to be a turkey as well, why would you buy now?
There may be a bounce off the technical support line which is pretty close now but there is no point in a buy and hold strategy.
I always find it curious when people say " management recently bought at £3 so it must be ok" actually what it means is that management is alarmingly clueless!

[bookbroker] 11/10/2013 11:29

And a cut in the dividend to reflect current events!

[bookbroker] 11/10/2013 11:26

Rights issue on the cards to prop up the balance sheet will be inevitable sooner rather than later, a good business but wind down of Many of Mid-Eastern operations no doubt having some effect, military cutbacks in US and other incidental issues as stated this morning.

[ddahj] 11/10/2013 10:44

I bought 5000 at 230p.
One of the Directors bought 50,000 at £3 recently and no doubt will buy more.
It looks as if 2-3% of the company will be traded today.

[kiwihope] 11/10/2013 10:25

I always remember one of Buffett's comments that you have to be prepared for a share price to drop 20% or more after you've bought it. If you buy at the bottom it's just plain luck. I bought at around 230p and it's still dropping. But it will probably come back one day (but nothing's certain).

[ddahj] 11/10/2013 10:16

Agree with 1036 post absolutely nothing has changed in the long run. Good opportunity

[fangorn2] 11/10/2013 09:58

Invesco playing the long term game - it's Woodford's fund right?
Short term US debt crisis/debt ceiling will cause problems - long term Chemring is a decent company. Just have to tuck them away and forget about them imo.

[philanderer] 11/10/2013 09:56

Invesco adding 250k last Tuesday , holding 27% now....:-S


And only 3 weeks ago Espirito Santo reiterating their 'buy' and 360p target ???

[philanderer] 11/10/2013 09:53

Chart support around 228p which seems to be holding at present , then down to 217p for the next.

[bigbertie] 11/10/2013 09:36

damn damn damn......I marked it to "review" 2 days ago but didn't get round to doing it. grrrrr

[kiwihope] 11/10/2013 09:01

Well I have bought more as a medium term trade. I think many of the issues are temporary and the share price could bounce back in a year or so.

[bravo1] 11/10/2013 09:01

OUCH that is a kick in the goolies- held on to these for a long time hoping to get my money back -or near as damn it- just lost another pile today.

[philanderer] 11/10/2013 08:56

Best call was Prime Markets on 18th june with 'sell' and target 213p.

[philanderer] 11/10/2013 08:53

Yep, under 200p rather than over 250p.... a disaster area at the moment.

And many knew it and got out looking at the share price graph - very lucky ;-)

[bookbroker] 11/10/2013 08:40

Dangerous debts levels relative to mkt. cap., and likely to creep up with quality issues at Kilgore, one to avoid, could see some covenant issues emerge!

[bookbroker] 11/10/2013 08:40

Dangerous debts levels relative to mkt. cap., and likely to creep up with quality issues at Kilgore, one to avoid, could see some covenant issues emerge!

[philanderer] 11/10/2013 08:35

JP Morgan - 'neutral' tp 310p


reiterates.

[philanderer] 11/10/2013 08:26

it`ll go very quiet over there - wait for the downgrades now to knock the shares under 200p before the takeover rumours start.

Looking like this company is going out with a whimper. Doubt it`ll ever see 300p again.

[targatarga] 11/10/2013 08:16

wonder if barclays are still saying overweight....

[philanderer] 11/10/2013 08:12

Plenty of people knew that was coming.

Too early to get back in to this pile of sh*te.

[liam1om] 11/10/2013 07:32

And get ready for another one...