Chemring Share Discussion Threads

[targatarga] 23/11/2012 14:31

always nice to have a share that hardens in the afternoon. Held many solid at start that soften eod.

[salpara111] 23/11/2012 11:15

Just having a look again, I think I would rather wait until the next set of financials before taking a stake.....you know what they say about profit warnings and coming in threes!

[simon gordon] 23/11/2012 09:47

According to the FT:

"Chemring rose 5.6 per cent to 229.2p after a stock overhang cleared."

[bravo1] 23/11/2012 09:29

Some life left in CHG yet , just the market doing its usual stuff , I think these could turn round very quickly and at these prices its up to you to decide whether you want to risk being outside if a bid emerges - or a hoofing contract. The middle East is a hotbed and I dont think CHG will stay where it is pricewise if there is a proper kick off there. All IMHO of course,( avoid like the plague if it makes you feel safer)

[simon gordon] 23/11/2012 06:55

Geoff Foster in the Mail - 22/11/12:

Chemring, the UK defence equipment maker, rose 12.2p to 229.2p amid whispers that another private equity player is sniffing round after Carlyle Group recently decided to walk away. It did not give a reason but it's decision followed two profit warnings from Chemring in less than three months as a result of contract and production delays and technical problems with one of its products.

[bulltradept] 22/11/2012 17:37

Picking up a quality company which has lost it's way, time to buy.

Another research note:

[vizcaya2] 22/11/2012 16:58

Chemring Group plc : Alloy Surfaces announces $4.4 Million Order from U.S. Air Force
11/22/2012| 06:38am US/Eastern
22 November 2012

Chester Township, PA - Alloy Surfaces Company, Inc. ("ASC") of Chester Township, Pennsylvania, a Chemring Group PLC ("Chemring") subsidiary, announces that it has been awarded a $4.4 Million contract for the manufacture of MJU-64/B decoy devices for the United States Air Force. Delivery of these units is scheduled from November 2012 through June of 2013. All work will be performed at Alloy Surfaces' facility in Chester Township, Pa.

ASC's President, Lawrence D'Andrea, stated, "We are very pleased to receive this contract as the United States Air Force continues to express its confidence and trust in Special Material Decoys (SMDs). We are very proud to deliver the highest quality infrared decoys to all the US armed forces. The MJU-64/B decoy protects US military transports, helicopters and fighter aircraft from infrared guided air-to-air and ground-to-air missile threats. We respect our partnership with all the armed forces and are proud that we have products that protect warfighters as well as assets."

Chemring is a market leading manufacturing business supplying high technology electronics and energetic products to over 80 countries around the world. Chemring has a diverse portfolio of products that predominately protect military people and platforms, providing insurance against a constantly changing threat. These range from countermeasures to protect aircraft, to ground penetrating radar to protect troops and vehicles from improvised explosive devices.

ASC is an industry leader in the design, development, and production of Covert Multi-Spectral Special Material Decoys. ASC decoys have unique properties of day and night covertness that are on the leading edge of IR countermeasure technology and are currently being used to protect a wide variety of United States and allied military aircraft in combat.

If you would like more information on this release or Special Material Decoys please contact:

Lawrence D'Andrea John Fleitz,
President VP Sales and Marketing
[e-mail]@AlloySurfaces.com
[phone] [phone]

[cockneyrebel] 22/11/2012 15:37

You to simon :-)

had my eye on these for months - traded them once on the way down but that long straght run in the shares recently said bottom imo, Was just a mater of catching it before it flew imo.

A realy tight bowl? Might be exciting even if it only gets part of this bounce.

[targatarga] 22/11/2012 14:43

I'm in. Get ready for these to tank!

[simon gordon] 22/11/2012 14:37

Good to see you here CR :-)

[cestnous] 22/11/2012 14:37

Gone long here.

[puntersez] 22/11/2012 14:33

If the US defence budget gets agreed this will see some recovery

[vizcaya2] 22/11/2012 13:52

Two "interesting RNS's at 1255 and 1302!

[cockneyrebel] 22/11/2012 12:14

Long here - chart has bottomed imo.

CR

[ards] 21/11/2012 19:58

technically very over sold so may get a bit of a bounce as shorters close in anticipation of 27 nov. if poor or expected dire results then yes may go for a further leg down.

[nofool] 18/11/2012 14:48

buywell2 1 Nov'12 - 11:10 - 768 of 830 0 0


Chartwise this could now hit 180p in the coming weeks



bulltradept 1 Nov'12 - 11:23 - 769 of 830 0 0

buywell2 1 Nov'12 - 11:10 - 768 of 768 (Filtered)





Buywell is very good at this. No good ignoring him and his charts..

[ards] 16/11/2012 08:39

constant short attack by bots to flush out weak hands target looks like 200. I would love the management to bring forward statement to give the shorts a good squeeze. very unusual to have these large dir purchases and the company to go under. at jarvis the directors threw in a couple of quid whereas at mouchel nothing.

[ards] 14/11/2012 17:31

graham

I wrote my note above before learning about the ce and chair purchases. I agree that this is a big vote of confidence. I was not impressed by the 10k purchase reported in morning. Perhaps there is life in old dog after all. As swing trader need confirmation of bottom however before taking punt. Would like a rise to 230 then a retest of 220.

[simon gordon] 14/11/2012 16:23

CHG article on Stockopedia:

The Cheapness of Chemring



The net amount spent on acquisitions over the 7 years was £456m which was almost 3 times the company's free cash flow for the same period. It is hardly surprising then that the company's gearing has been relatively high, at times approaching 100%, with the occasional need to place further shares to fund the cost of the acquisitions. In 2011 however the gearing reduced to 55% given that only part of the proceeds from a share placement was spent on acquiring GD Detection Systems.

[daytraders] 14/11/2012 14:51

seen this a million times before thou in other companys, only to see the share keep falling, maybe different here thou.

[simon gordon] 14/11/2012 14:50

Yes, that's the first positive sign since the new CEO joined.

[graham2405] 14/11/2012 14:44

Look, the new CEO is hardly going to spend over £100k on shares and then on the 27th of this month report another profit warning.....

....is he?


Well thats my 2 cents.