Cohort Share Discussion Threads

[napoleon 14th] 13/12/2017 13:41

EDISON ........
Cohort continues to make progress in a tough UK defence trading environment. Our earnings forecasts remain largely unchanged as performances at MASS and EID continue ahead of expectations, compensating for pressures at MCL and SEA. Our fair value calculation currently stands at 483p implying significant unrecognised potential. The recent share price fall seems unwarranted given the maintained outlook.

[mammyoko] 13/12/2017 08:10

H2 weighting looks too big an ask - GBP77m of sales and GBP10m of profit to hit FY consensus. Announced contract only to start in April 2018 will only generate around GB1.3m of sales

[bluerunner] 13/12/2017 07:50

Decent results, dividend and prospects of a re-rating back towards 400p.The decrease was seemingly down to sector rather than stock-specific issues.Worth adding at these levels.IMHO DYOR

[danboris2] 29/11/2017 14:34

I made a top up earlier today. Have been on the sidelines for months but now think this represents outstanding value and a quick recovery plan. strong buy IMO

[mammyoko] 27/11/2017 15:14

yes, this should be back up to 350p - 400p just to recover position pre-unwarranted slide

[shaker44] 27/11/2017 09:13

Agree. Markets apparent expectation of a warning has not materialised and results 13/12 said to be on track.
Looking cheap now

[bluerunner] 27/11/2017 08:03

Decent update.Progress, growth, dividend and a very nice buy-in price.

[r ball] 16/11/2017 23:01

Sector specific but as this is thinlyTraded the result is severe.

[bluerunner] 16/11/2017 14:30

It's been a bloodbath here these past few days. Sector rather than stock specific. May top-up when the dust settles.

[r ball] 15/11/2017 20:52

Closed period too

[shaker44] 15/11/2017 15:19

Hmm. Not an indicator I would ever base an.investment decision upon

[r ball] 15/11/2017 13:45

It's an indicator of how the company is doing....

[shaker44] 15/11/2017 13:08

Why?? You need a job? Maybe writing cryptic crosswords. Very short ones

[shaker44] 15/11/2017 13:08

Why?? You need a job? Maybe writing cryptic crosswords. Very short ones

[r ball] 15/11/2017 09:05

Look at job vacancies

[tudes100] 15/11/2017 00:49

ULE talked about MOD delaying orders

[snadgey] 14/11/2017 16:10

Ultra Electronics in the news yesterday. Struggling orders. May be reading across to CHRT?

[shaker44] 14/11/2017 14:47

It's a puzzle. Can't find any news. Maybe yet more insider trading with bad news tomorrow. And FCA will do nothing

[shaker44] 14/11/2017 14:47

It's a puzzle. Can't find any news. Maybe yet more insider trading with bad news tomorrow. And FCA will do nothing

[sunbun] 14/11/2017 14:31

Why is this going down?

[fbrj] 04/9/2017 19:23

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 19:11

Ok. Still reckon £7.50 takeover on the cards.

[shaker44] 04/9/2017 18:23

Nope. Investors chronicle top again today.
Still undervalued

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

War scare?

[bluerunner] 30/6/2017 07:36

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