Cohort Share Discussion Threads

[edmonda] 12/8/2022 08:02

As per the title of this thread - Ukraine has prompted a global rethink on the need for defence. Cohort has a record £291m order and Equity Developement initiate coverage today with a Fair Value of 650p/share.

Read full note / hear summary below (free access):

[matthew palmer] 08/5/2022 12:22

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a note.

[vlad the impaler] 25/4/2022 23:24

Around 515

Seems ok for now. If it can keep well above 500 to month end, this might have x1 potential

[wad collector] 25/4/2022 22:54

It might be if you got in early today!

[vlad the impaler] 25/4/2022 09:38

In

Not so sure wisest day to be but is what it is

[vlad the impaler] 23/4/2022 15:34

Order set for 512 for this month (as of today) although above 500 start next month will do me

[brut winky] 25/2/2022 23:34

Think these are worth a punt.

[robertball] 23/2/2022 07:12

Contract win at last. Now we need Chess to deliver. Maybe antidrone warfare may come to the fore given current tensions

[pugugly] 14/2/2022 18:14

personal marker at 473 mid - 1st visit since dec 2010 - Certainly should have bought then but sold a year ago. - Memo - Some of the quietest threads conceal some of the greatest investment opportunities.#

However timing is key.

[km18] 14/2/2022 17:51

...a bit dated, from last summer...

Cohort is a parent company of 6 innovative businesses providing services for British, Portuguese and international customers in the defence industry. Company’s ambition is to unite flourishing SMEs under one roof, where they can benefit from better financial oversight, management and exchange of knowledge and information. The Group provides surveillance, tracking, fire-control, communications, sonar, digital and other systems. The parent company aims to maintain growth prospects through widening market access, via acquisitions or organically, and a strong balance sheet.
Cohort has generated an Operating profit CAGR of 12.8%, and rising capex proving groups ambition to innovate and enhance its products and services. Cash flow has been fluctuating, mainly due to acquisition activities. Latest trading report presents the result of the company’s strategy over the past 5 years. Preliminary results show revenue growth of 9% yoy, with statutory profit before tax 29% above 2020 figures. Future growth of the Group is firmly supported by a 45% increase in order intake at £180.3m and Order book reaching £242.4m (32% above 2020). Better than expected cash performance and expectations of zero net debt on 30 April 2022 are in line with company’s values...from WealthOracleAM

[robertball] 16/12/2021 12:18

Yes. I am a bit surprised. I though if selling at 480 (first loss is the best loss as they say) but price bounced up. Volume is low

[estienne] 16/12/2021 10:47

It seems to be recovering

[petomi] 14/12/2021 10:00

I agree shaker with you 438. We may see some mgt changes as Nick Prest as chair won't be too happy.

I will be holding and may add when I have had a chance to study properly

GLA

[shaker44] 14/12/2021 09:46

Reads as though group board didn't stay close enough to Chess and Eid earlier. Long term this disappointing set of results will get fixed imo and I will add once we have seen the bottom

[wad collector] 14/12/2021 09:19

Ouch. Everything up in results, except ,um , profit.

[robertball] 30/9/2021 08:56

Has somebody woken up?

[shaker44] 22/9/2021 15:22

No bid premium in the price-yet. Happy to tuck away patiently. Not much downside risk

[tole] 22/9/2021 14:28

https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-cohort-kape-technologies-and-strix/Cohort (LON:CHRT) – strong order book and still going for growth this year, with bid possibilitiesMonday's AGM Update from this defence and related markets technology group declared that the group's long-term order book was now up to £242.4m.Of that figure some £100m is for the current year, which already underpins 64% of market expectations for the year to end April 2022.Like so many other businesses across industry generally, there are supply chain and staff hassles, however the company expects the current year to show a trading advance while also leaving itself with zero net debt.I still reckon that the group is on the shopping list of a potential bidder or two.It really does have such a good spread of businesses that are essential to several of the sectors in which it operates.Its various subsidiary companies cover: surveillance, tracking, fire-control systems for the defence and security markets; communications systems for naval and military customers; sonar and underwater communication systems for the naval markets; electronic warfare specialist data technology, digital services and training support for defence and security markets; electronic and surveillance technology for the UK MOD and government agencies; and technology-based products, research and training services for the defence and transport markets.The group would fit into any of the private equity vehicles that are popping up in the UK, the US and in Europe.Current year estimates to end April 2022 suggest that the group could have revenues of £156m and make around £18m pre-tax profits, worth 34.5p in earnings and able to pay just over 12p per share in dividends.Then going into the next year, the order book helps to kick in an extra £12m of estimated sales at £168m, producing profits of nearly £20m, pushing earnings up to 37.5p and paying a 13.5p dividend per share.At just 550p the group's shares, which were up to 722p some 21 months ago, today offer both growth and possible bid upside.

[wad collector] 22/9/2021 10:13

An update acknowledging current poor performance but cautious optimism about the future; as you say , not bad.
I suspect the share price is going to meander for a long time now.

[napoleon 14th] 21/9/2021 01:26

TU not bad under the circumstances.
I used to hold and watching.

[robertball] 17/9/2021 13:08

Trading update Monday

[wad collector] 09/9/2021 10:08

Certainly could do with a bounce. One of my few tech holdings that pay a dividend but priced more on expectation than yield.