Share Name Share Symbol Market Type Share ISIN Share Description
Chemring Group Plc LSE:CHG London Ordinary Share GB00B45C9X44 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  9.00 2.87% 323.00 269,117 14:03:28
Bid Price Offer Price High Price Low Price Open Price
322.50 323.50 323.00 300.50 300.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 393.30 41.50 14.70 22.0 915
Last Trade Time Trade Type Trade Size Trade Price Currency
14:07:45 O 75 323.00 GBX

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Chemring Daily Update: Chemring Group Plc is listed in the Aerospace & Defence sector of the London Stock Exchange with ticker CHG. The last closing price for Chemring was 314p.
Chemring Group Plc has a 4 week average price of 300.50p and a 12 week average price of 300p.
The 1 year high share price is 383.50p while the 1 year low share price is currently 252.50p.
There are currently 283,172,165 shares in issue and the average daily traded volume is 1,228,019 shares. The market capitalisation of Chemring Group Plc is £914,646,092.95.
km18: ...a bit dated... For more than 100 years, Chemring is an innovative solutions supplier for the aerospace, defence and security sectors. The company operates in over 50 countries, working with military, agencies, and businesses, with the ambition of making the world a safer and better place. CHG provides sensors, electronic systems, technology solutions, countermeasures, and other services. The issue here is history. After prosperous years during the Gulf War it went through 10 tough years marked by bad debt-fuelled acquisition spree destroying the financial position. However. The company turned towards its shareholders, sold off operations and adopted a whole new strategy. Moreover, they have a golden fish under their umbrella in the face of Roke - the cyber security arm. Roke is generating £80m of turnover, compare that to the good assets in the sector EV/Sales average ratio of 5, means it could potentially be half of Chemring’s value, or even more. The prospects of it are also very good as it works with the UK Government and a solid entrance in the big game of US, with contract signed last year.   Half year trading update presented company’s progress in recent years with performance ahead of expectations. Strong cash conversion and EBITDA 10% above last year interim results show improving quality of earnings. Cash flow was negative for the interim, driven by retirement of debt, which was not outbalanced by the significant decrease in CapEx. This trend in CapEx is expected to reverse as we go through H2. The boost in DPS of 23% is expected to decrease medium-term earning cover. Consensus for FY21 is revised upwards, based on the good performance in H1 and a strong order book of £450m at the end of April....from WealthOracleAM
rimau1: Thanks Oilplays and here it is: “Jefferies stated the appealing growth story at Chemring was driven by its Roke units exposure to the cyber-security and AI/Machine Learning market that will improve the overall quality of earnings and positions the group at the leading edge of modern-day security and defence. The analysts, which also hit the stock with a 370.0p target price, pointed out that Chemring had undergone "a significant restructuring", which had taken the best part of a decade to complete. However, Jefferies stated the resultant portfolio of countermeasures, sensors, and cyber technology exposed the group to select growth and niche markets, which, in its view, greatly improved its quality of earnings. Jefferies said: "Based on JEFe (which sit above consensus), the shares trade on an ann. FY22F PER of 16.0x and EV/EBITA of 13.1x, which look cheap vs. UK & overseas peers. We value the group on a SOTP basis (using ann. FY22F forecasts), which is in line with our approach across the sector, with a discrete valuation for Roke (39% of our EV)”
tomps2: Stuart Widdowson mentions CHG at 36:48 in the latest PIWORLD interview Watch the video here: Https:// Or listen to the podcast here: Https://
gargoyle2: I've always thought that CHG would be a tempting morsel for a larger defence player too. johnrxx99, what makes you think that being specialised and very good at what they do makes it unlikely? Thanks in advance!
stevenlondon3: Suspect CHG will be taken out....a meaningful bite for someone.
gonjon: Nice article from Forbes today "I think CHG is a particularly great buy ahead of FY"
davr0s: It's just a formal notification of a change to number of shares in issue - like looks like it's related to staff share options. Low importance RNS as far as I'm concerned
davr0s: No they were trades below mid price. That doesn't mean they are sells. Every trade has an opposing trade anyway. Price up strongly means buying pressure greater than selling pressure
our haven: It did Gargoyle2 but through the day there was a lot of large sells. Just shows how resilient the share price is currently which is why I continue to hold.
our haven: Could not be better EssentialInvestor.Lots of tipsters out there but many of them would not be tipsters if they really knew what was going on, like us they would be making more money.Annoying sometimes to see a downgrade from someone who has a track record in getting it completely wrong moving the share price. Still, always good to see them tipping something you are in as it is usually time to get out.
Chemring share price data is direct from the London Stock Exchange
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