Armour Group Share Discussion Threads

[electronica] 28/1/2010 07:07

A pretty positive AGM statement ..............

"I am pleased to report that the Group has made a good start to the new financial year with both sales and operating profits being well up on last year after the first four months to 31 December 2009"

This should help the share price up another 1p or so - despite the logistics problems on shipments.

For a real rerating I guess we will have to wait for the Interims in mid-May.

[maltatrader] 27/1/2010 15:33

single digit profitability ratios; however, this stock is highly undervalued - very low Price to Book....let's hope for a positive statement tomorrow:)

[envirovision] 27/1/2010 13:27

Very crafty, market makers are pushing it up on no volume. I guess they are expecting good news.

[electronica] 27/1/2010 12:31

Callum

Looks like others are expecting a decent AGM statement.

The MMs have just marked the price up by 0.5p after weeks of stasis.

[callumross] 27/1/2010 12:06

Got a lot in this one by my standards as I reckon it is way undervalued so hoping for a good AGM trading statement tomorrow which traditionally they release at 7am in advance of the AGM.

[electronica] 21/1/2010 12:43

AGM is 28th Jan.

Last year AMR put out quite a detailed Trading Statement in an RNS on the morning of the AGM.

Let's look for a kick up then.

[envirovision] 21/1/2010 12:34

AGM soon i expect?

[dnfa1975] 06/1/2010 14:01

R&D - THE CORE OF OUR BUSINESS
At the heart of all our businesses is the absolute belief that our future growth and success will be driven by new product development. In troubled times it is one of the easiest cost categories to cut but to do so is without doubt a false economy....
In fact 2009 will see Armour make the biggest investment in new product development in its entire history. By making efficiencies through other areas of the business we have worked hard to maintain all key new product programmes running in the Group. I believe that this will deliver the results over the next 18 months as and when these new products come to market.
I am aware that we are fortunate enough to have the financial stability to be able to make that choice as there are many companies out there who have had no option but to cut development costs in response to the economic climate. I fear they will struggle as the outlook improves as they will have nothing new to offer customers.
by George Dexter, CEO

[dnfa1975] 06/1/2010 13:49

i think there might be some new in car gizmos to be unveiled in january to do with the google phones and screens

[callumross] 06/1/2010 13:48

why, apart from the fact that it is so lowly valued?

[dnfa1975] 06/1/2010 13:36

ready to surge imho

[essentialinvestor] 03/12/2009 07:48

I have made that point previously.

Bob Morton does have a large personal stake here,
held throgh Southwind his investment vechicle, from memory.

[maltatrader] 02/12/2009 23:24

What worries me is that even though the share price is good value and the statement was upbeat for 2010, we have not seen the directors buying over the last year. (unless I missed the RNS!)

[linhur] 26/11/2009 20:03

Edison and finncap issued notes on day of results, so they would have taken these into account.Concensus eps for 2010 is 2.04 and increasing to 2.48 in 2011 which seem realistic in view of the general uncertainty.

[envirovision] 24/11/2009 20:54

Wonder if edison plan to issue a revised forecast. Got to be looking at 2010 FY EPS 2.8, 2011 3.8 not to mention revised divi imo.

[callumross] 24/11/2009 18:39

From todays Daily Mail

"Despite slightly better-than-expected annual profits and an upbeat accompanying statement, electrical and automotive retailing group Armour lost 1.75p to 14p.

Broker Edison said the share price recognises neither the strength of the underlying business nor the value of its brands."

[petersmith6] 24/11/2009 15:59

well some ones slowly snuffling up stock,lets see how long it how long it takes to get past 20p.

[envirovision] 24/11/2009 13:17

Have not seen any new brokers notes yet, but clearly on a foward looking basis, the current share price is silly.

[petersmith6] 24/11/2009 13:10

slow and steady will do me for a while

[callumross] 24/11/2009 12:39

Lots of buying coming through, including a delayed 124k buy at 16p - has there been a broker's upgrade following yesterday's results - looking ridiculously cheap following them. The divi cut was entirely sensible.

[envirovision] 24/11/2009 10:24

EPS of 1.4p. Divi .3p. profit of 1.1M, debt reduced from 8.9 to 4.9M. Secured over GBP1 million of additional future annual revenue from new
distribution agreements.

Chairman also saying things are getting better to boot:

The economic outlook is becoming brighter, with most economic indicators, both
at home and abroad, showing positive signs of recovery. The Group has positioned
itself well to take advantage of the recovery with new products, new contracts,
new customers and new channels to market. The 2010 financial year has started
well and whilst there will undoubtedly be further turbulence in the wider
economic environment, the Board remains confident with regard to the future
prospects for the Group.

[callumross] 19/11/2009 12:33

72k buy on plus at 16.5p - someone clearly thinks Monday's results are OK.

[callumross] 16/11/2009 12:30

results are next Monday - i've just topped up my already decent holding with a further 15k at 14.5p in anticipation of results and outlook being better than market expectations - will they retain the divi, though?

[envirovision] 19/10/2009 13:20

well theres further proof of market makers ticking up on more buying today, i would expect a upward trend to 20p then a jump to 25p upon results day.