Armour Group Share Discussion Threads

[callumross] 26/1/2009 12:36

AGM on Thursday and we traditionally get an RNS trading statement. Will be watched with particular interest. Obviously going to be cautious/downbeat but is trading really so poor to justify the current shre price? AMR is after all the number one supplier in the UK in it's chosen sectors.

[tompion] 10/12/2008 21:18

Some buying today for a change.

[iroll] 22/11/2008 14:20

Another slant on the UK High Court decision, this time by the losers - Leisuretech Electronics Pty Ltd

[jeff h] 22/11/2008 13:05

Here's another one for you callum:-

Australian home automation group Leisuretech has lost an A-Bus patent case in the UK High Court in a move that could seriously impact sales of the automation technology in Europe and result in them having to pay out millions to a UK automation company.

[callumross] 21/11/2008 09:25

thanks for that, Jeff H - I had amost forgotten about it!

[jeff h] 21/11/2008 08:54

Armour wins In 'A-Bus' Patent dispute in UK High Court (20/11/2008)

Armour Group Plc ("Armour") is pleased to announce it has won its long running UK legal dispute with Leisuretech Electronics Pty Ltd ("LTE") in respect of LTE's A-Bus patent. The High Court judgment handed down today concludes that LTE's United Kingdom patent is invalid and must be revoked.

For many years, Armour has been in dispute with LTE, an Australian company, generally known for its A-Bus brand. The dispute related to a patent owned by LTE, which specified a particular method of sending DC power and stereo audio signals down a single CAT-5 cable in the context of a multi-room system.

Armour's Systemline brand has been using a similar method of power and audio transmission over CAT-5 for its Systemline Modular system since the outset, albeit with significant enhancements in the form of balanced line audio and a special DC-to-DC conversion circuit, which guarantees greater energy efficiency, and consistency of performance.

Armour have always taken the view that the LTE patent as filed, lacked substance and was indeed an obvious solution using standard audio integrated circuits and industry standard CAT-5 cable, for which nobody in Armour's view could claim a monopoly.

Despite many attempts on Armour's part to resolve this matter out-of-court, Armour found itself in a position whereby it had no alternative but to seek to have the UK and European patent revoked in separate actions.

The UK High Court judgment handed down on 14 November 2008 ruled that LTE's UK patent was invalid and must be revoked. This judgment completely vindicates Armour's position and, at a hearing later this year, will most likely result in substantial costs being awarded against LTE in favour of Armour.

Armour's legal action at the European Patent Office to have the patent revoked across Europe is ongoing. Armour expects this action to be concluded within the next 18 months and is confident of a favourable outcome.

On learning of the judgement, George Dexter, Armour's Chief Executive commented: "I am delighted with the result and whilst I have been quietly confident about the outcome, it is nice to have the judgment. We have always believed this to be an unnecessary dispute and have gone to great lengths over the past two or so years to negotiate with LeisureTech to avoid the expense and distraction of a full court hearing. However, these efforts failed, we ended up in Court and have now won."

Mr Dexter continued: "The matter is not quite over yet as we will continue with our revocation action at the European Patent Office. This is a much more drawn out procedure than in the UK, although we remain extremely confident as to a similar outcome to that received today from the High Court."

[callumross] 20/11/2008 13:21

well, that 50k at 7.5p was my buy (the first time I have been in this share for years since I initially bought at 16p around 4 years ago and subsequently sold out in the mid-thirties. Given it's market leading positions and cashflow, this is a crazy price, even in these depressed times and I wouldn't be surprised if Southwind buys out the remainder of the equity at these levels.

[tompion] 31/10/2008 11:00

Has someone tipped Armour today?

[tompion] 29/10/2008 13:09

I imagine it must be - more trading activity today - share price not responding though.

[iroll] 28/10/2008 12:48

Is this the Simon Knott who has topped up by 250,000 shares to 2,250,000?

[alexacj] 06/9/2008 11:55

Dont the fsa have rules on this!!!!!!! If so looks like they have been well and truly breached!!

[rally] 09/8/2008 02:00

nice chart looks like the north west face of Everest.

[rally] 09/8/2008 01:59

somebody dumped a stack today...

[tompion] 08/8/2008 15:26

going down again

[callumross] 07/7/2008 16:45

new forecasts post profits warning issued by Peel Hunt together with a "buy" recommendation
2008 2009
£3.18m 3.44EPS 0.65p Div £3.34m 3.49EPS 0.70p Div

[rally] 06/7/2008 22:22

A good buy, your having a laugh.

Their key market on Home Automation systems is developers...

We all know how well they are doing...

Question is how long before they ask for cash....

[callumross] 03/7/2008 11:45

this has got to be a bid target at this price given their dominant position in their sector. Am surprised the price has fallen so much today as this profits warning was surely flagged up weeks ago and the price has fallen 50% in the last few months. Wonder if Southwind will bid and take this private. The new distribution agreement announced today is also a big deal for Armour - just overshadowed by the profits warning. Still a fundamentally sound company which is well managed - just the victim of the retail environment. Could be a good buy at this price.

[shr2] 06/6/2008 09:44

Thanks. Thats very reassuring. I'll take it as a buying opportunity.

[jeff h] 06/6/2008 08:17

A kerfuffle over nothing? ...from The Guardian:-

Dented Armour

Armour Group, which specialises in home entertainment and in-car systems, dropped 4.75p to 27p yesterday. Halfords, one of Armour's biggest customers, reported full-year like-for-like sales up 4.3%, but investors were concerned because this figure was down on last year's 6%. Analyst David Buxton of Armour's broker FinnCap said the market had overreacted. "Clearly we are alert to the possible impact of a consumer slowdown on sales of car audio equipment, but [Halford's] results appear to signal growth is continuing. A meltdown in consumer expenditure is not evident here, and we would argue that Armour's rating already deeply discounts the risk while not factoring the incremental growth from its new IO product range."

[callumross] 05/6/2008 16:40

well, no sign of a delayed sale yet so hard to tell - if it's a profits warning then I guess we'll see it tomorrow morning, prompted by today's move. If none first thing I guess I may be looking at averaging down.

[shr2] 05/6/2008 16:18

I hope there's nothing behind it, and I would buy more if I was more confident. Unfortunately it reminds me of the situation a few years ago when the shareprice drifted down and down with no news, and finally it came out that the sales team had left en masse after collecting their bonuses...and then the price plummeted.

[callumross] 05/6/2008 12:27

SHR2 - I suspect a similar thing has happened today as what happened a couple of days ago to NBI, namely a sharp fall for no apparent reason but subsequently at the end of the day a sale went through by presumably a distressed institution. Once cleared, through there has been a decent bounce in NBI. Hopefully, the same here as that large 185k trade at 26.75p is a buy and you can still buy at less than mid price in size. Could be a buying opportunity.