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Trading update that Cohortp has further built its order book to £370m, giving 93% revenue cover. Our positive outlook remains unchanged, as does a Fair Value of 650p/share.
Read new note/hear summary:
https://www.equitydevelopment.co.uk/research/agm-update-on-growing-momentum-in-orders
RNS all positive and figures for year ahead confirmed as achievable. Directors normally say at AGMs when asked ‘we have no control over the share price’. So if someone attends today could they see if there is a different response!
These two jokers both CEO and CFO are waiting for a payday. For someone to buy them out.
Comment that Chief Exec paid too much and share price not moving in line with EPS. May be true and with AGM next week? would do no harm asking some pertinent questions.Or move to Wall Street to the dismay of UK new defence minister!
Don't shout lest you might awaken the CEO and CFO
Exactly with a nearly 20p spread there is no way any PI with their head screwed on will get into this. Had a buy order for 4.83, trading view showed that it had dropped to 460p but my order never filled. Absolutely ridiculous.
............not with that spread though.
Good size at £17.5m and nice to see more UK client activity
As CEO says 'This is another significant win for SEA... and further underpins our order book' ✔️
Our recent research note sees fair value/share at 650p:
https://www.equitydevelopment.co.uk/research/record-results-in-fy23-and-positive-outlook
Contrarian123, I'm not invested here but having just read your posts I was reminded of Waldo & Statler.
As predicted. Unless there is a takeover and the CEO & CFO that have at least the dynamism of a pair of slugs this co isn't going anywhere but plodding along. Downward trajectory until we break the trend line I mentioned in my previous posts
Nearly 5% down intraday - Nothing to see here - the downtrend line is strong 7th time now it is observed
THE DOWNTREND CHANNEL you mention only has a couple of touches. The one I refer to has about 6 it is much stronger.
The downtrend channel actually dates back to the middle of 2021. We have punctured the upper line but only by 10p and have fallen back to rest on the line. However we have crossed above the 200 day ma. This is hopeful. Since the last bottom on the lower trend line we have had 3 higher lows giving an ascending triangle. My only concern is we had no follow through leading to a likely false break
There is a downtrending line dating back to Feb 2022. CHRT are just making a series of lower highs since over a year ago. This dog and the sleepers that run it has hit the trend line today and selling has ensued evident by the above average vol today.
All other defence companies are motoring ahead this one is just plodding along with a couple of geriatrics (CEO & CFO) at the helm, I suspect waiting for a payday. Perhaps time for the EQ guys to tell us again the fair value they have been on about for years.
Perfect material to fall asleep with. These 2 could put to sleep an battalion of overactive babies
Andy Thomis (Chief Executive) and Simon Walther (Finance Director) of Cohort plc (AIM:CHRT) - the independent technology group comprising six military, electronics and intelligence development operations spread across the UK, Germany, and Portugal - conducted an Investor Presentation covering preliminary results for the financial year ended 30 April 2023.
The management team discussed highlights of the period, including record operating profit, revenue and order book. They touched on the new reporting divisions, provided a full Financial Review and a detailed look at the encouraging outlook for growth. Management also answered a range of audience questions submitted by investors.
The full video is available below, divided into chapters as below:
0:00:03 Introduction
0:00:48 Highlights & new reporting divisions
0:06:04 Financial Review
0:11:21 Outlook
0:20:48 Summary
0:23:17 Questions & Answers
Link to video: https://www.equitydevelopment.co.uk/research/cohort-plc-investor-presentation-fy-results-july-2023
Let me guess fair value at 650 - copy paste last year's one and the one before - money for old rope
After record results and a 10% dividend increase, Equity Dev raises FY24 forecasts. With a strategically firm defence outlook, fair value is seen at 650p/share.
As you can read in a detailed new rsearch note, free access here:
https://www.equitydevelopment.co.uk/research/record-results-in-fy23-and-positive-outlook
3 ½ years now of slow grind to the bottom. Check a chart
Cue equity development to tell us about a fair value they've been on about for years which never materialises. This board is half asleep but due to the protracted situation in Ukraine they have some scraps coming over to them
Well , market woken up a bit following results. Still some way to far value though.
Strong prelims announced with record levels of both adj operating profit of £19.1m and revs of £182.7m. The Board's outlook is 'encouraging'
You can see the CEO and FD explain in more detail at a webinar THIS Friday, 21st at 11am, just register here : https://www.equitydevelopment.co.uk/news-and-events/cohort-plc-investor-presentation-21july2023
What is a fair value worth if it is not realised? The markets are full of companies below fair value. Your metric is absolutely useless especially in light of the fact that you've been saying it for years yet it never materialises. It took me a 1 ½ of investing to realise that studies like yours are worthless. Only thing that matters is price action in front of you and liquidity.
Another win for group as subsidiary SEA gets a £7m contract for anti-sub warfare from a SE Asian Navy.
As CEO says 'this further underpins our order book.' It also underpins ED's 650p/share fair value set out in last week's detailed note, with free access here:
https://www.equitydevelopment.co.uk/research/fy-23-trading-update-ahead-and-unified
With tensions in SE Asia mounting the contract could lead to new business in the region.