Chemring Share Discussion Threads

[warranty] 16/5/2013 16:06

Yes yorgi but equally, a bad or negative outlook would plunge us back again but I am quite hopeful things are improving. It is ticking up nicely though so fingers crossed there are no nasty surprises!!

[yorgi] 15/5/2013 12:18

We are still making steady progress share price wise :-)

If interim result are good along with a good statement of the state of play then then 300p should be under our belt !

News of a new contract also would be good news.

[warranty] 11/5/2013 09:02

Interim results 18th June. Last years divi was paid 3rd August so would assume if there is ones it will be around the same time.

[mr_bluesky] 10/5/2013 17:41

Does anyone know when the next statement/results are due please!

The chart is looking very close to a break out and I am trying to see what would be the catalyst for it.

Thanks in advance.

Mr Bluesky

[warranty] 26/4/2013 16:48

Sorry to hear that yorgi but at least you'll have the satsifaction that they put you onto something good. Well hopefully!! My buying price was circa £250p given my 50% MOS on the £5 valuation I put on it so I'll also buy more if it goes below that again and assuming there is no other reason for the drop. I accept the new management isn't fully integrated yet but so far they seem to be doing the right things. Anyway, I'm hopeful we're at or near the bottom already and looking for £6-8 over the next 3-5 years and with a pretty secure dividend I like it a lot.

[yorgi] 26/4/2013 15:40

I agree with all that Warrenty, I'm afraid the person who brought it to my attention is not about to thank now :-(

I don't mind if it stays around this level a bit longer so I can add a few more down here :-)

[warranty] 25/4/2013 20:42

Me too yorgi been watching it for a while before also buying recently and prior to which it has been a cracking business growing earnings and book value steadily every year. I'm hoping the management changes and better focus will now take this world leading company back to the top of the tree. Definately a perfect ISA stock with a good dividend and potential capital growth. I think this is one of those hidden gem value stocks that most will miss because it's not on their wavelength.

[yorgi] 25/4/2013 13:24

Yes I'm quite pleased to see after buying a few for my ISA recently looking for the long term :-)

[warranty] 25/4/2013 13:04

Things starting to look up at last.

[broadwood] 11/4/2013 14:23

Fliying today. Takeover rumours?

[fangorn2] 03/4/2013 21:40

Pete4222 - profile created 03 Apr 2013

Hang on, that's today!!!!!

Filtered. Goodbye

[barlick] 08/3/2013 17:03

Just wondering how you more experienced guys think the US budget problems will impact CHG?? Any guesses?

[broadwood] 27/2/2013 10:51

Investec Chemring Group PLC 27/02/2013
Retains
Buy Buy 0 335.00 335.00 280.30 0

[broadwood] 27/2/2013 08:26

Defence technology group Chemring has said revenue in the three months ended January 31st was hit by weaker performances in Countermeasures and Munitions which offset the improved trading performances in Pyrotechnics and Counter-IED.

Revenue for the period fell to £136.1m, compared to £132.4m in the prior year.

The group said that despite the general decline in current NATO defence spending, its order book is currently £756.7m, marginally lower than the £760.9m order book at October 31st 2012, after a weak order intake in Munitions was compensated by a stronger order intake in Counter-IED.

Divisionally, quarterly revenue from the Counter-IED business rose 33% year-on-year, boosted in part by a pause in demand for HMDS from the US Department of Defense in the corresponding period last year.

Revenue from Pyrotechnics more than doubled (+110%), but this was offset by a 22% decline in revenue from the Munitions business, which the group said reflected "the weighting of our production capacity towards smoke and illumination rounds for Middle East customers, rather than artillery ammunition".

It added that "order intake at our Munitions business continues to be impacted by delays in the placing of major contracts and by the granting of export licences".

The Countermeasures business also suffered a decline, down 30% below the same period last year, primarily as a result of the lower opening order book and production delays at its US Countermeasures businesses, which are expected to be recovered during the course of the year.

Net debt at the end of January was £285.9m, compared to £244.8m at October 31st 2012.

In a statement the group said: "Although budget uncertainties continue to impact wider market confidence across the group's US, UK and European defence markets, Chemring remains focused on driving improvements in its operational performance and restructuring its businesses in order to provide the group with greater resilience."

[broadwood] 27/2/2013 08:18

Steady as you go - out of intensive care.

Now we need another suitor.

[broadwood] 27/2/2013 07:10

Slowly being nursed back to health.

[broadwood] 01/2/2013 13:08

That CE buy doing wonders.

[hvs] 30/1/2013 16:47

lol !!!!

When will they get it RIGHT.

The WRONG GUYS were all clebrated by THE CITY.

Aka FRED and AppleFART.

[thehearse] 30/1/2013 16:34

Perhaps they think the wrongs guys have gone!

[hvs] 30/1/2013 14:51

lol !!!!

lol !!!!!!

Investec highlighted that the company's five-point 24-month recovery plan is now underway, which includes: simplified management structure

Can the CITY get any more simple ???

GRab the money lets have an unearned BONUS and a FREE LUNCH with CHAMPERS off course.