Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
FINALLY .....
See
https://www.londonstockexchange.com/news-article/CHG/funding-awards/16381061
Approx £ 90 m awarded by EU/Norway to fund additional production at CHG's factories, equivalent to almost 20% of last year's revenues. This year revs will be >£600m , PBT >£100m, and with patience the SP could still rise significantly from here.
Https://www.thisismoney.co.uk/money/markets/article-13119357/Chemring-hails-increasingly-robust-outlook-defence-industry-conflicts-rage-world.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.66460838.907302281.1708810938-829466088.1679172563&_gl=1*c30zjw*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTcwODgxMDkzOC43MS4xLjE3MDg4MTA5NDEuMC4wLjA.
Agreed. MSI (I hold both) also issued great interims this morning including breaking into the US naval gun market. I'm going to give QQ. another look this morning too. I used to hold but the SP was going backwards. I think they are undervalued though.
It is a shame why these companies are doing well but it is the state of the world.
Today's RNS looks very positive, both current and future, To quote the song "War, what is it good for...." sadly it is good for companies that provide offensive or defensive products of which CHG is one. I don't expect a huge bounce today as most of the news is already in the price, but I do foresee a steady rise from here over the next few years, the end of the conflict in Ukraine and Gaza would be an entirely good thing but it has awakened the world to the continuing risks. Holders here will benefit.
I bought in her recently, in the 250's on the (somewhat unfortunate) basis that global conflict is good for this Co.s bottom line even though it is self-evidently bad. It seems obvious that military spending is bound to rise and stay high for some years, even if as surely we all hope, peace breaks out in Ukraine, Gaza...
Today's trading update for CHG looks very positive, they are understandably restructuring to meet the pace with which military priorities change but are forecasting an OP of £67 mill , which is ~40% higher than before, and I suspect will be exceeded in the coming years. I will hold/ add, if as sometimes happens stellar results are met with a short-term SP fall.
As I said, do your own research and do not be swayed by anyone on here - who let's face it are all amatuers who might win some but also lose some - and that includes me. Just remember that I said they intend investing money in new manufacturing facilities so in the medium/short term they might have less cash to dish out either as buybacks or as dividend.
Incidentally, you do not need to start a new thread to reply to a post or to add to one of your own - easier to follow the thread of thought. Anyway good luck whatever you do.
After i sold yesterday i watched the book for most of the day . IMO there was a leak as first thing it hit 2.80 odd then settled down . i lost 20 pounds so no worries however what you have just said is very interesting about orders coming in etc . I see some very big buys 1 million pounds plus . SO MAYBE THIS MIGHT RIDE UP TO 3.10P soon so will decide to try again . KIND thanks
Scoredagainsteps - I agree you should always DYOR and then follow your own instincts. The share price has been held back waiting for todays announcement but also, as announced, because some investment is necessary to expand the manufacturing facilities. Personally I am sticking with CHG mainly because the war in Ukraine and conflict elsewhere has seen record demand for their products that isn't going to change soon. As NATO and US stockpiles are diminished, orders for shell and rocket propellants are already flooding in so - and I say this tinged with regret - CHG has entered a growth phase in its business cycle. So I'll be hanging in there.
Since the buybacks the share has dropped from 2.90 now what would the share price be if no buy backs ? Had a good study over weekend about chem and i decided to cut my trade win lose or draw . JUST think after studying for hours its not for me . Good luck all hope it gets to 4 pounds a share for you . i FEEL QQ has more upside
Tiny mention .. Great article
FOR a trade hopefully on right side gla
WONDER if this is dropping waiting on yes or no for the usa contract news . THIS is a good play imo .Not a lover of share buy backs but its there choice
*update thread 🙄
I best go to bed 😂
Fatprofits has nailed it in the results thread…..
That makes sense 👍
I would imagine also that until this transaction goes through there is some uncertainty over expected revenues. Let’s hope it’s a formality……..
https://www.lse.co.uk/news/chemring-annual-target-depends-on-us-department-of-defense-approval-zj3266ecb1khtpg.html
It's the delay on the countermeasures order because of quality checking
that the market took fright at - it appears there is subcontracting
and it's not within their direct control.
Given what happened at Avon Protection recently perhaps the market
is in no mood to give CHG the benefit of any doubt.
This ATM looks a much less significant issue that is hopefully rapidly resolved
and confined to the details provided today.
We just seem to be in a silly market where whatever the update says, the sp goes down. I thought it was a good update - whenever a company is taking in more in orders than they are making, it means the business is growing. Assuming they've got their pricing right & the clients pay, that means profits go up.
We're in a world where every nation is increasing its defence spend CHG will benefit from that.
I expect the update merely said results will be inline with expectations and not better. Crazy eh ? Let the buybacks mop any sellers. Nothing to be concerned about IMHO.
Looked great to me yet sp down?
Tempted to buy what am I missing?
Some sustained buying in the last half hour of trading today getting us to around the £3 mark. Fingers crossed we can hold this level and move upwards.
Good results yesterday. No doubt they’ll drift back down again sadly. Dividend yield is low I guess but 2nd half results should be excellent.
Wise decision, wish I had sold out at -20% on a few of my share choices!
I suspect that Chemring will benefit from orders from the MOD later this year as the UK has chucked a deal of ammunition, rockets and flares at Ukraine recently and stocks will need to be filled back up.