The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Tipped by Midas in the Mail today
Materially enhance earnings was the phrase used when we got the Royal Navy contract. Let’s hope there are more orders in the pipeline after today from other countries to get this relatively modest capitalised company in the news.
Jy, I've been in since Russia attacked Ukraine. Just can't see any alternative to increased defense spending worldwide.
Share price is just starting reflect the value here.
Only just invested in cohort, and it looks as though its riding the same wave as R.R and B.A.E. and other defence stocks, interesting prospects.
Https://www.cohortplc.com/news/press-release/sea-awarded-gbp135m-maritime-countermeasures-contract
News re Australian investment in nuclear submarine fleet . Is that reason for the perk up in share price today. More submarines = more potential orders for Cohort systems/products?
Be very careful of anything Contrarian says he’s a complete 🔔 end in a clowns 🤡 outfit
What on earth are you on about man. Get it together. He said originally he'd bought QQQ not (QQ.) at 390. I even emailed him about it and he blames his webmaster for getting wrong instead of 390 he should have put in 399.9. He emailed me about it and since he has corrected his entry on the website.
relax no one is blaming your guru and his impeccable timing.....
So then back to invesco QQQ, have a look on 5th Jan it was 390, if you use google chart then you wont see that level of spikes as these are smoothed out
I mean QQ not the 3 Q's as that would be nasdaq
Erm, that's his target price, jeez do you know how to read a table? he bought QQQ at 317 with a 390 target price
Bear rally today was forecast, when top Bollinger band turned down on 28/2/24. Secular downtrend began 5/2/24, and current rally is likely to be stopped by overhead volume, from previous trading at the current rally price of 536.
The aerospace sector, has risen today, and the expression, "a rising tide lifts all boats", can mean that technically bearish equities , can be temporarily lifted , by the sector. Best to stay with the sector leaders.
Naked Trader bought it for 317, 12th Jan. His target is 390. It's on his spreadsheet table. Not a fraud.
Naked trader is a bit of a fraud - claims to have bought QQQ for 390 on 03/01/24 but price never went down to there 08/12/23 is the earliest date it was down there. Having said that CHRT looks good finally.
Its on their website, report looks good!
I don't know if I am missing something but they have said the report should be available in presentations on their website but I don't see any new reports there?
Naked Trader bought in last month https://www.nakedtrader.co.uk/trades.htm
Thinking of buying in here, but looking for some assistance in understanding cash flow statement. Shows a 2.3m outflow and advises that capital inflow will be lower and capex will be higher over coming periods. So increased outflow to come.
Understand that capex is not bad in this case, it is for the new facility, but do have a slight concern about this trend. Have I understood correctly and should I be worried?
Zzzzz the directors are waiting for someone to buy them out. Not even a fake Santa Rally can delivery Equity Developments fair valuation that's been touted for years
Yes the results on the face of it are good, but looking at cash, its dropped by £1.5 million in 6 months, they have term debt on the balance sheet and the dividend yield at 2.5% isnt that attractive.
A good long-term buy
Andy Thomis (Chief Executive) and Simon Walther (Finance Director) of Cohort plc (AIM:CHRT) took investors through highlights of their interim results, and gave views on geopolitical tensions around the globe, as well as explaining why Cohort's order book is so large.
Cohort plc is an independent technology group that comprises six military, electronics and intelligence development operations spread across the UK, Germany, and Portugal.
The full video has been divided into chapters, as below:
0:00:31 Highlights
0:03:30 Financial Review
0:06:10 Divisional Highlights
0:10:08 Outlook (including order book & revenue visibility)
0:27:46 Summary
0:30:09 Questions & Answers
Link to video: https://www.equitydevelopment.co.uk/research/cohort-plc-investor-presentation-half-year-results-december-2023
These results plus the confirmation of even better to come in second half suggests £6.50 is very fair value!
With increased defence spending in UK and EU plus USA developments we are in an attractive sector.
Hopefully the presentations today will amplify that.
For the six months to 31 October 2023 Cohort reported revenue of £94.3m, +22%YoY, EBIT (adj.) of £6.0m, +20%YoY and (adj.) EPS of 10.36p (adj. dil., 10.33p). The closing order book further increased to £353.9m (FY23, £329.1m). With £90m of orders deliverable in H2 the Group reports that 95% of market consensus revenue outlook is covered, whilst the order book has longevity to 2033.
The net cash position was £13.3m compared to £15.6m at year-end FY23 and H1 23 net debt of £0.6m boosted by operating cashflow of £10.3m (H1 23: £7.7m). The Group raised the Interim dividend by 10% to 4.70p/share, maintaining the track record of progressive returns.
Cohort noted revenue growth in each division underpinned by UK MOD demand. Revenue in the Communications & Intelligence (C&I) division (EID, MASS and MCL) increased 32.3%YoY to £43.9m (46.3% of total). Revenue in the Sensors & Effectors (S&E) division (Chess Dynamics, ELAC Sonar and SEA) grew 14.7%YoY to £51.0m (53.7% of total).
Overall, these results confirm the all-important upward trend in orders and contract awards which in turn underpin revenue growth and visibility from operations which span the major theatres of defence operations. These interim results continue the pattern of order-led demand for Cohort’s expertise and services, linking the bigger picture issues that focus on defence to Group prospects.
Our Fair Value remains at 650p/share.
Link to report: https://www.equitydevelopment.co.uk/research/strong-h1-24-results-backed-by-a-record-order-book
Cohort plc (AIM:CHRT) is an independent technology group that comprises six military, electronics and intelligence development operations spread across the UK, Germany, and Portugal. Its senior management will give an Investor Presentation covering Interim results for the six months to 31st October 2023.
The event will take place at 4.15pm on Wednesday 13th December with Andy Thomis (Chief Executive) and Simon Walther (Finance Director) presenting from the company.
The online presentation is open to all existing and potential shareholders. Questions can be submitted during the presentation to be addressed at the end.
You can register at the link: https://www.equitydevelopment.co.uk/news-and-events/cohort-investor-presentation-13december2023