Chemring Share Discussion Threads

[liam1om] 07/11/2012 18:12

Sorry about my errors, typing on an iPhone is tricky,

[liam1om] 07/11/2012 18:11

I beg to differ, the only thing holding this up has been the vid situation. If you look at where it was trading before for offer period (220/240) and consider they've has two major profit warnings, it logical to consider this should be trading somewhere around 200p the next few days,I certainly can't see the rush to buy in here at the moment. I'm not tempted unless it goes under 200.

[ards] 07/11/2012 17:39

will certainly be volatile and may hit 220 but I think most bad news in price. based on numbers, which may be lowered, it is somewhere between 5-7pe. I think a good opportunity to add on a 1 year basis. would not take big position however as clearly defence not in favour but hay, not all things are bad there is going to be an arms race in asia and in middle east with a war with iran and china. good for business.

[pugugly] 07/11/2012 16:30

Obama won - Lower useage of munitions V bad news for CHG - Numbers need to re re-crunched on a cutback in military budgets (imo)- Personally would not touch even after the fall.

[liam1om] 07/11/2012 16:28

Yes, bad news. After the recent trading statement I think this could head under 200p soon.

[bigbertie] 07/11/2012 16:15

That's it then - Carlyle is not bidding

[barter10] 07/11/2012 14:03

hvs
why would you call them mis managers when for the last 5 years the profit,turnover,cash and net assets have all risen per annum

[hvs] 07/11/2012 13:36

Cause the mismanagers want a sell out.

[ards] 07/11/2012 13:09

checkers2

chg is not in dire straits and has good free cash flow and lots of strategic assets. why should they sell at a low ball price. if carlyle wants it they need to put up top dollar.

[checkers2] 07/11/2012 09:58

I don't agree with you Tom. Carlyle are playing a waiting game, to offer the lowest price possible. Could be wrong, but I'm betting on the deal going through at the lower end of price range - 340 p.

[tom111] 06/11/2012 18:29

If obama wins,which is likely all bets are off

[zcaprd7] 06/11/2012 18:00

On my radar...

[tom111] 06/11/2012 13:38

Guess this t/o all depends on the election,watching from the side lines

[kiwihope] 05/11/2012 08:52

I can't believe you're still around hvs. You must have been spouting nonsense for years and years...

[hvs] 03/11/2012 19:20

PILE IN , cause its going DOWN.

[a0148009] 02/11/2012 10:39

Digital Look Consensus eps to year end 31.10.12 is 47p adjusting for 13p drop equals 34p - consensus annual div 16.97p an increase of 11.47% over 2011
this would be covered twice by earnings, however they may just repeat last final of 10.8 plus 5.3p interim, equals 16.1 which gives a yield
of 5.9% at 273p.

Just speculating, and assuming no T/O.

AO

[jodi17qad] 02/11/2012 09:32

Thanks Varies.

I hold quite a few purchased before the T/O talks were announced and increased susequently.

In the mid term, I would expect these shares to recover, particularly with the arrival of the new CEO.

It looks to me as though the Board are not expecting the T/O to go ahead but were conscious of their shortcomings.

Hopefully, after an initial blip if the T/O does not go ahead, the share price will recover since the world does not seem to be becoming a safer place. DYOR

[kiwihope] 02/11/2012 08:36

I bought a few months before the bid was announced, as a long-term hold. But couldn't resist selling into the spike for a quick profit. Just bought back in yesterday on this latest news. If a bid does materialise I reckon it will be at a higher level than the current price and if it doesn't, well then I've got them cheaper than my original buy, and made a nice profit as well. Win-win I think, as long as you are prepared to hold for a few years...

[varies] 01/11/2012 23:34

Jodi17
I must confess that I cannot remember where I plucked my EPS figure of 65p from that has now to be reduced by 13p; I will have a look over the week-end.
In the meantime I apologise if I was wrong but I did buy a few shares today at 262.68p.

[dodge meister] 01/11/2012 20:41

Yeah,just come up on my register... what the highlights from the bulls on the quality of its products? Middle east isnt getting safer anytime soon;-)

[wllmherk] 01/11/2012 20:15

I'm new to this share but looks tempting at these levels for a recovery play, takeover or not. Around 700p a pop in April last year, thats a mighty fall, is it merited and will it fall further. To buy or not to buy ?

wllm

[hvs] 01/11/2012 17:25

OTW MELTDOWNJ.

tHE bOARD SHOuLD BE sacked,

bUT nO THEY WILL GET A bonus AND MORE FrEE SHARES

[edcrane] 01/11/2012 16:37

That spike just before the close was probably due to this piece on Bloomberg

Carlyle Said to Keep Circling Chemring After Repeat Profit Miss
By Aaron Kirchfeld and Robert Wall

Nov. 1 (Bloomberg) -- Carlyle Group LP, the U.S. private equity firm, is still in pursuit of Chemring Group Plc even after the U.K. maker of aircraft protection equipment repeatedly cut earnings targets, two people familiar with the talks said.
Negotiations that were first made public on August 17 continue ahead of a November 9 deadline set by the U.K. Takeover Panel, said the people, who asked not to be named because the negotiations are private. The date to submit a more comprehensive takeover document has already been extended twice.
The private-equity firm is still interested even after the surprise departure of the Chemring chief executive officer last month and a lowered profit target, one person said. Carlyle has yet to decide if it will bid or work with Chemring to seek another extension, said the people. Chemring's new CEO, Mark Papworth, takes office on Nov. 5 after the ouster of David Price.
Oliver Sleath, a London-based analyst at Credit Suisse, said the renewed revision "reduces any remaining likelihood of a successful bid" by Carlyle.
Chemring fell as much as 61.1 pence, or 19 percent, to 252.6 pence in London today, the most in more than a decade. The company, based in Fareham, England, cut its target for earnings per share for the 12 months through October by 13 pence, the second reduction since Carlyle said it's exploring a takeover. The stock traded at at 259.8 pence at 3:53 p.m. in London, valuing Chemring at 462 million pounds ($745.6 million).
Chemring blamed today's revision in part on development snags with a countermeasure systems, which needs re-testing before it's accepted by the customer. The company also said several Middle East contract bookings were delayed. Spokesmen at Chemring and Carlyle declined to comment.