Cohort Share Discussion Threads

[norbert colon] 01/2/2023 16:56

Enjoyed the presentation thanks for organising it

[wad collector] 03/1/2023 23:07

Tipped as a BUY in IC , thinks the political industrial complex is the new central bank.

[estienne] 15/12/2022 09:44

It has key defence technology and its bound to win a lot more business in the new year

[edmonda] 15/12/2022 07:59

For the six months to 31 October 2022, Cohort plc reported a strong performance: revenue was up 29%YoY to £77.5m; an operating profit (adj.) of £5.0m was achieved (H1 22: £1.7m); and EBITDA (adj.) was £7.1m. Order intake of £88.6m resulted in a record closing order book of £304.2m. The interim dividend is raised 10% to 4.25p/share.

Absorption of working capital meant that H1 net debt was £0.6m; however, Cohort reports that as of 9th December net funds were £7.6m. Added to H1 revenue, over £80m of orders deliverable in the second-half equates to 95% coverage of our revised full year revenue outlook of £165.0m.

A strong interim performance, in particular by MCL, supports an increase in our FY23 revenue outlook of 3%, to £165m, growth of 19.9%YoY; while our EBITDA (adj.) outlook remains at £22.0m (up 13.1%YoY).

We maintain our Fair Value of 650p/share.

[kalai1] 14/12/2022 12:14

Cohort plc posted Interims for the 6 months ended 31st October this morning which reported a much stronger first half for the Group with a record closing order book. Revenues were up 29% to £77.5m, adjusted operating profit was up significantly to £5.0m and adjusted EPS up to 10.12p (2021: 3.04p). The record closing order book reached £304.2m and the interim dividend was increased by 10% to 4.25p. Valuation is relatively attractive with forward PE at 11.6x, the balance sheet is solid. Share price has been drifting sideways or lower for nearly 3 years and lacks momentum. Ongoing solid business performance could act as a catalyst for some renewed share price appreciation, but there is no rush to buy. CHRT is a share to monitor for now...

...from WealthOracle

[estienne] 14/12/2022 10:40

They were above 800p before COVID. The drop in price was purely because of that and its been there ever since

[petomi] 14/12/2022 10:31

Surprised no comemnts after very solid interims and c9-10% rise. These ought to be in 600p+ territory if they can maintain the momentum

GLA

[edmonda] 27/9/2022 07:11

AGM update looks good: Cohort sees performance ahead of last year with order book now over £300m. Effective defence remains crucial; so no change to Equity Development forecasts and Fair Value of 650p/share

New research note out today along with audio audio summary. Free access here:

[terminator101] 25/8/2022 06:35

Pretty decent. Profited up and dividend up 10% ;-)

[edmonda] 12/8/2022 07:02

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 11:22

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 22:24

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 21:54

It might be if you got in early today!

[vlad the impaler] 25/4/2022 08:38

In

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

[vlad the impaler] 23/4/2022 14:34

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