Cohort Share Discussion Threads

[sunbun] 14/11/2017 14:31

Why is this going down?

[fbrj] 04/9/2017 18:23

Also.....on Thurs 7th Sept CHRT has its AGM. Last year they released an AGM statement and 1st Quarter update.

To save you looking it up here is the "Outlook" released with the Final Results on 29 June 2017

"Outlook
The closing order book of £136.5m (2016: £116.0m) provides a solid underpinning for the coming year. Although the UK defence market remains tight, the Cohort businesses have strong and relevant capabilities, established positions on some key long-term UK MOD programmes, and a good pipeline of new opportunities. Export prospects continue to strengthen although their timing is always unpredictable. Outside defence, MASS continues to make progress with its cyber capability as underlined by its recent securing of a contract to deliver the Metropolitan Police's digital forensic service for the next nine years, a service we are working on extending to other police forces both in the UK and overseas. We are also encouraged by the progress in SEA's transport offering which achieved record sales of Roadflow units in the last year. We have already made progress on improving access to the new markets introduced to the Group by EID and expect, in due course, to convert some of these introductions into orders for the rest of the Group.

The political and economic context within which Cohort operates has not changed appreciably since last year. On the one hand the international and domestic security environment calls for greater resources to be devoted to Defence and Counter Terrorism in the UK and many other countries. On the other hand the pressures on public expenditure in the UK are strong and this applies in varying degrees in many other markets, including Portugal.

As regards Brexit, Defence trade has not been part of the single market and, in any case, our business from the UK into EU countries is currently small (£3.1m in 2017; £1.0m in 2016). We do not therefore anticipate any direct effects upon Cohort from the Brexit process. In the longer term there could be indirect effects, resulting from the broad economic and political consequences of Brexit. Whether these will be favourable or unfavourable is not possible to say. The job of the Cohort Board is to manage our affairs so that our businesses prosper whatever the political and economic backdrop.

Our collective experience of Defence business, our size and decentralised management structure, which together enable us to make quick decisions, and our focus on niche product and service offering, for which demand is increasing both domestically and internationally, are the keys to this.

We continue to look for opportunities to augment organic growth through targeted acquisitions. Recent contract wins have given us a positive start to the year, and the Board considers that Cohort's order book and near-term prospects provide a good base for future progress."

I've held CHRT since Nov 2013 (at around 210p) and it is my 5th largest holding. I continue to hold and, subject to any major surprises, expect to do so for the long term. Prospective p/e 13(ish) with a yield of around 2%.

[r ball] 04/9/2017 18:11

Ok. Still reckon £7.50 takeover on the cards.

[shaker44] 04/9/2017 17:23

Nope. Investors chronicle top again today.
Still undervalued

[r ball] 04/9/2017 17:04

War scare?

[bluerunner] 30/6/2017 06:36

Tipped again in IC online.Possibly in the paper edition out today.

[r ball] 28/6/2017 16:48

Results tomorrow

[bluerunner] 05/6/2017 20:36

IC issued another BUY call for CHRT today citing a likely second half revenue boost and the value argument still intact.Giles Hargreaves of Marlborough fund managers stated a couple of years ago that this was one of 3 stocks he would buy and hold for 10 years (can't remember the other two).This is 50% up for me and I'm quite happy to continue holding / adding long term.

[tomps2] 02/6/2017 12:00

'Two contracts by the MOD to supply and support hearing protection systems and communication ancillaries for land, maritime and air applications, worth a combined GBP5.5 million.'

Here, Cohort plc FD Simon R Walther explains the technical hearing protection system.

[r ball] 02/6/2017 06:11

So why the weakness of late? Nervous of re award?

[r ball] 25/5/2017 18:17

Very quiet

[r ball] 09/5/2017 19:11

£7.50 target

[113mike] 07/4/2017 08:37

All quiet here... CHRT steadily going about its business and the share price gradually going in the right direction!

[tomps2] 17/3/2017 09:03

Video: Investor presentation by FD Simon Walthers, February 2017

Hhxxp://www.piworld.co.uk/2017/03/17/cohort-chrt-investor-presentation-february-2017/

An overview of Cohort plc and its four companies, mass, sea, MCL & EID which are primarily in the defence sector, by FD Simon R Walther.

Introduction – 00:18
About Cohort – 00:45
Business model - 01:26
Operating strategy - 03:14
The Cohort companies - 04:48
sea overview - 06:07
sea, maritime defence – 06:52
sea, soldier systems – 08:27
sea, training and simulation systems - 09:47
sea, transport systems – 10:16
sea, subsea engineering - 11:54
sea, military air safety - 12:17
mass, overview - 12:35
mass, electronic warfare operational support – 13:13
mass, cyber defence - 14:00
mass, military exercise design & management - 15:00
MCL, overview - 13:34
MCL, unmanned aerial vehicles – 16:55
MCL, tactical hearing protection - 17:13
EID, overview - 18:55
Cohort main markets & opportunities - 21:28
Financial highlights (results HY December 2016) - 23:28
Outlook 2nd half – 24:24
Order book - 25:26
Outlook & summary - 26:07
Investment summary - 27:24
Q&A – 28:18

[shaker44] 03/3/2017 15:24

So why the 3% pullback today?? Don't see any news, or big sellers??

[r ball] 23/2/2017 21:59

Buy. £7.50

[r ball] 17/2/2017 20:42

Given news flow today are we seeing non defence growth and increased public sector digital led revenue stream! I would think a realistic piece target for this one is £7.50 with a take out price of £10 on founder sale/exit.Conviction buy.

[r ball] 07/2/2017 19:08

Tightly controlled and small volumes. Spread of 5% scares. Target £6

[napoleon 14th] 03/2/2017 12:09

R Ball 274 - sorry, don't know.
In fact I got out of these a while back; could have been a mistake!

[r ball] 01/2/2017 08:01

Steady as it goes

[r ball] 31/1/2017 16:14

Xd today as well. Well 2.5p worth

[tomps2] 30/1/2017 15:36

PI World have arranged a presentation by CHRT (together with Creightons (CRL) and IDOX on the afternoon of Tuesday 21st February. Central London.

If you'd like to attend email [e-mail] (although places are limited).

[113mike] 27/1/2017 20:57

Yep, not exciting but robust and div good for my SIPP

[r ball] 27/1/2017 19:42

Spread scary but solid buy.