Chieftain Share Discussion Threads

[penpont] 04/9/2008 09:23

The bottom line eps increase is excellent and if carried through to the FY should surely lead to eps of over 20p? Any comments on the slower turnover growth - am assuming the big contract announced in April will show in the 2nd half?

[robhammers] 04/9/2008 09:22

They have less cash than at full year though

[philjeans] 04/9/2008 08:45

Solid and reliable metal bashing!

Still bringing home the bacon and the yield just went up another 32% for the H/Y!

A very long standing part of my portfolio and the part I have no thoughts of changing.

O/T try 600 Group for another gem in the same sector.

[davidosh] 04/9/2008 08:33

... Bill Taylor, Chief Executive of Chieftain, said: "Another cracking set of results! During
the period we have won an exciting pipework
fabrication and erection contract, the largest ever for the Group, and are hopeful of winning
a second similar contract before the year end.



Highlights

* Operating profit before exceptional items £984,000 (2007: £760,000) - up 29%

* Earnings per share before exceptional items to 8.68p (2007: 6.38p) - up 36%

* Turnover up at £22.8 million (2007: £21.6 million) - up 6%

* Interim dividend per share raised to 3.3p (2007: 2.5p) - up 32%

* Strong cash position maintained - £4.3 million at period end

* Malcolm Oliver appointed as Deputy Chief Executive

Engineering

* Largest pipework contract ever secured by the Group for a major oil and gas project -
additional
contract anticipated before year end

Outfitting

* Long term contract for Royal Navy's Astute submarines continues


Mr Taylor says...


The markets in which we operate, oil and gas and marine, have ensured that we are unaffected
by uncertainties in the wider economy and
continue to witness strong demand from this sector. Long term contracts and a strong order
book mean we remain confident for the Group's
prospects."



All sounds very positive to me

[veryniceperson] 04/9/2008 08:10

Its reassuring set of results in these difficult times, looks good for the future to. Is this a company that won't be affected by the down turn.

[bigbigdave] 04/9/2008 08:05

In the words of the CEO "Another cracking set of results!"

[veryniceperson] 01/9/2008 13:18

Interim Announcement - September 2008

Ex Dividend Date - TBA

Record Date - TBS

Dividend Payment - TBA

I Wonder when?

[veryniceperson] 18/8/2008 17:14

Sure there is no problems, if there results would have been this month as stated above. Best time would be towards the end of September when all the schools are back, then all will be back at there desks.

[davidosh] 18/8/2008 15:00

If you have bad news then a company is likely to try and hide it on a Friday afternoon before the bank holiday Monday...ie at the end of this week or during the following week when all the commentators and investors are on their holidays.

Good news should be released when they are back at their desks. I remain positive so expect a morning announcement in the week beginning Monday 1st September.

[simso] 18/8/2008 14:50

i am sure that i have heard,albeit indirectly, that they are keen to make sure their statement reaches the wides and best audience. August is a month when so many in teh City are away.I take it as a positive that they want to move to September, when more will be around to hear their message.

[santangello] 12/8/2008 08:09

I spotted that too Jeff.

[jeff h] 12/8/2008 00:22

...just noticed the website has moved the Interims date to "September 2008"
.......it was August over the weekend.

[davidosh] 10/8/2008 19:42

I do not think a date has been set but probably late August early September.

[jeff h] 10/8/2008 16:34

Thanks david...when are the results by the way?....fairly soon I'd expect

[davidosh] 10/8/2008 13:02

Looking good...lots of jobs headed IMMEDIATE and long term contracts



Will try to find out if this is another new one

[veryniceperson] 03/7/2008 11:52

Lets hope a good slice goes to cft.

[davidosh] 03/7/2008 10:52

Further news signed and sealed



About £1.7bn of work to go for as being sub contracted outside the BVT partnership

[jeff h] 30/6/2008 20:02

mr eels - well I hope the shares clean up for you!

[davidosh] 30/6/2008 13:07

just announced ....

[felix99] 30/6/2008 08:18

yes saw that - and the shares trade down lol :-)

[davidosh] 29/6/2008 11:47

It all happens this week with the pen at least !!

[mr eels] 28/6/2008 07:08

Jeff H - are you who I think you are? If so, thanks for the recommendation years ago - have kept hold of this stock for good reason........and will continue to - STREETS ahead of others I can think of!!

[felix99] 28/6/2008 06:43

looks like someone dumped 5k at death at 180. MM's screwed em rotten. Hope for some more next week and I'll have a few if I can get them under 180 !

[davidosh] 27/6/2008 18:01

With the strong newsflow to come and interims due in five weeks which should be significantly ahead of a year ago I am not surprised there is a buyer. The company have been recruiting heavily and are doing business in the right sectors so little to worry about and a drop on low volume in this market is to be expected. The results will do the talking IMO.