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To that dreaded resistance '@ 216-217 area. --- see if we break-out this time --- my av. is 207.0 p. now.--GLA
Nice broker upgrade .
As it turns out ...... here we are 4 weeks later and hitting 187
Keeps dropping, but Chemring keeps topping up.
Looks like bottom was hit at 210 then. 160-180 was a bit hopeful I suppose. I'm still sitting in sidelines for this week at least as all my money is tied up in marl, ami and bmn. Good luck all
Appreciate the updated figures and timeline. Well done on your gains. Personally, I still see this going sub 200 and beyond. That's purely on a bottom line of profit for the year and also the continuing headwinds for the foreseeable future. If it gets to 180 then I probably will have a punt. Will continue to watch with interest in the meantime. Good luck with your stake, I hope it comes good for you. If you get time have a look at bmn...could be an interesting week with a short term bounce back to 7 (possible 100% profit achievable). All the best to all holders
OK now that Iam not in the pub as I was on Friday here are my numbers over past 20 Months. sometimes I left money on the table but you cannot win them all... have traded 7 times from early 2012 to June 13 and have made profits of 15%, 5%, 11.1%, 17.94%, 9.7%, 15.9% and 8.5% - normally I trade in ISA and SIPP at about 7-10K UK£ per time - but missed the run up over £3 since June this year and why I have bought back in on Friday. never sold CHG at a loss to date...
I can offer you no opinion on buy/sell/hold, but go back to the RNS. The £8 million alone isn't why the market has spurned CHG; it's the last paragraph and the negative growth in FY14.
£8M reduction in profit 10% ish and how much did that wipe off the value of the company.....22%...? this is a well overdone massive sell off, the market went bonkers today because of the RMG float, HL seemed to stop working my Halifax Sipp froze up a strange strange day. The last time this was looked at as a take over, the share shot up to over well over £4. Yanks will have to cut back on spending yes, but they cant last more than 6 months before they want to go and bomb someone so our gear is always popular. I used the opportunity today to top up with another 1100 shares thanks to a bit in the pot from postman pat
Wil re-check my figures on this and update this weekend but note jp Morgan have a 260p price on chemring today
You could well be right - it could well bounce back up to 250 or more. Not really sure how you've managed to make +20% gains 4 times in the last 12 months though as that would be calling it perfect every time and then some. I guess time will tell on the price, I just can't see that there's a lot running it its favour at the moe. Do you have any predictions for full year profit for this year? Atb
Personally I have traded this 4 times over past year and made min 20 percent each time. Overreaction this and will be 250 min by end October. Bought bak today at 2.17
I'd be happier to take shares at 160-180! I'll be keeping a close eye on this towards the end of play and throughout the coming weeks. GL
You're braver than me. Don't think I'm gonna touch this till its circa 160-180. It might take a while to get there, if it ever does, but I'm happy to watch from the sidelines.
Whether I get it is a different matter. I thought this would bounce from 220p, but it's dropped. Buys now going through at 216p again. GLA
Not trying to be a miserable s@d, or a deramper, but where do people see this finally levelling off at? If you go back and look at the poor half year, add in the 8mill drop in profit, the ongoing debt talks and that they will actually have to start reducing us budget spending at some point in the next six months...surely we will see new lows. I personally see this going to sub £2. Would be interested in hearing views. Apologies to those holding
Please keep spreading the message in your last sentence
I should have sold last week. Am now hoping there will be a dead cat bounce....
Bought in a year ago around 330. Reckon might breakeven by December as these shares recovering well. Wish I had averaged down a few months ago
Chemring: JP Morgan increases target price from 300p to 325p and maintains an overweight rating.
This is all heading in the right direction now, KWB1 i couldnt agree more
"The Group has made good progress in the first half. The quality of our operations is improving, and while there is still much to do, we are confident that the Group's performance is heading in the right direction. However, visibility generally, and the limited level of detail on the extent and nature of cuts to US defence spending in particular, makes forecasting increasingly difficult. For the current financial year, the Board's outlook is towards the lower end of expectations. Looking ahead, significant progress has been made in our Performance Recovery Programme announced in January 2013. These actions are expected to underpin 2014 profitability, drive improvements in operational performance, and provide greater resilience in current challenging markets."
http://www.investegate.co.uk/chemring-group-plc/rns/contract-awards/201303281405031634B/
the beauty of Chemring’s products is they’re expendable. So Chemring benefits from repeat orders, unlike defence suppliers of larger high-tech equipment. As is normally the case with British defence firms, the US and UK governments are Chemring’s biggest customers The long drawn-out invasions/liberations (call them what you want) of Iraq and Afghanistan have been very lucrative sources of business for Chemring. In the five years between 2006 and 2011, the company’s turnover quadrupled. The shares followed suit, rising from around 150p to over 700p................
Top Director Buys Chemring Group (CHG) Director name: Mr Mark Papworth Amount purchased: 50,000 @ 279.99p Value: 139,995