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Pin to quick picksCohort Share News (CHRT)

Share Price Information for Cohort (CHRT)

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AIM WINNERS & LOSERS: Revolution drops after GBP21 million fundraise

Wed, 26th May 2021 10:19

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Norman Broadbent PLC, up 17% at 9.98 pence, 12-month range 4p-9.98p. Extends gains after closing up 31% on Tuesday. The recruitment and professional services firm on Tuesday posted a pretax loss of GBP193,000 in 2020, swung from a GBP84,000 profit in 2019, as annual revenue dropped 32% to GBP7.8 million. However, it remained profitable on an earnings before interest, tax, depreciation and amortisation basis, which fell to GBP69,000 from GBP238,000.

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Alien Metals Ltd, up 8.5% at 1.25p, 12-month range 0.08p-3.19p. The minerals exploration and development company says initial results from six samples at Elizabeth Hills silver tailings project subjected to test leaching by ALS Perth are "very encouraging" and return high levels of silver recovery. Adds it has extended exclusivity period with the project owner for further 45 days to factor in backlog of work from laboratories in Perth. "This extension will allow Alien to undertaken further assessment over the potential retreatment and recovery of the silver tailings as discussions continue regarding the potential acquisition of the project," company says.

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AIM - LOSERS

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Revolution Bars, down 29% at 23.35p, 12-month range 8p-41.95p. The bar operator raises GBP21 million in fundraise priced at 20p each. Price represented 40% discount to 33.1p closing price on Tuesday. "Thanks to the support of our shareholders and new investors, this successful fundraising will allow Revolution Bars to emerge from this period of disruption in a strong position with a fit-for-purpose balance sheet which provides us with ongoing financial flexibility and an excellent platform from which to deliver for all our shareholders," says Chief Executive Rob Pitcher, adding that firm has traded "outstandingly" since initial lifting of UK lockdown restrictions.

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Cohort PLC, down 8.2% at 615.40p, 12-month range 507.1p-690.93p. Says that despite strong closing order book, delays in the placing of some orders with subsidiary EID, representing around a third of EID's revenue, is likely to hit EID's trading performance in 2022 financial year. EID designs and manufactures advanced communications systems for naval and military customers. Cohort says that while overall revenue expectations for year ahead are unchanged, the mix of revenue is expected to result in reduction of group's overall profit margin and, accordingly, a lower rate of profit growth.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 Oct 2018 09:26

Cohort wins £50m MoD contract

(Sharecast News) - Technology group Cohort said on Thursday that its subsidiary, MASS Consultants, has been selected as preferred bidder for an eight-year contract worth more than £50m.

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4 Oct 2018 10:57

Cohort subsidiary wins EUR4.8m contract with Portuguese army

(Sharecast News) - AIM-listed technology group Cohort said on Thursday that its subsidiary EID has been awarded a €4.8m contract to provide communication equipment for the Portuguese army

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11 Sep 2018 13:37

Cohort Delivers Record Profit As Order Book Grows In First Quarter

LONDON (Alliance News) - Cohort PLC on Tuesday said that despite a "tight" UK defence market its order book continued to grow in the first quarter of its financial year 2019.The a

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4 Sep 2018 15:59

UK Shareholder Meetings Calendar - Next 7 Days

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3 Jul 2018 11:16

Cohort Profit Up Significantly Following SCS Business Reorganisation

LONDON (Alliance News) - Cohort PLC on Tuesday posted significantly increased annual profit due to the reorganisation and elimination of losses from its SCS business.In its financial year a

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1 Feb 2017 08:31

Cohort snaps up 100% of surveillance subsidiary for £14m

(ShareCast News) - AIM-listed Cohort has bought 100% ownership of electronic communications and surveillance technology supplier Marlborough Communications for further payments of £7.1m, which is expected to be earnings enhancing in the current year. Cohort bought the remaining 49.99% stake of subsi

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6 Jan 2017 12:57

Cohort on track to achieve full year guidance

(ShareCast News) - Cohort, an independent technology group, reported a rise in revenue for the first half putting it on track to achieve its full year expectations. The group's revenue rose to £50m in the six months ended 31 October 2016 from £49.7m in the first half of 2015. Adjusted operating p

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13 Dec 2016 11:51

CORRECT (12 Dec): Cohort Expects Strong Second Half After Interim Loss

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12 Dec 2016 14:27

Cohort earnings ahead in first half

(ShareCast News) - Cohort announced its final results for the six months to 31 October on Monday, including adjusted operating profit up 11% at £3.9m, off revenue up to £50.0m from £49.7m at the same time last year. The AIM-traded company reported an order intake of £63.6m, up from £55.7m, including

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7 Nov 2016 08:07

Cohort wins £7m Transport for London contracts

(ShareCast News) - AIM-listed technology company Cohort has won contracts from Transport for London to develop and provide support for its digital traffic enforcement system and to develop a parking enforcement mobile app, which together will be worth £7m. Cohort's subsidiary SEA originally develope

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17 Oct 2016 07:58

Cohort secures nine-year contract extension worth £12m

(ShareCast News) - AIM-listed technology group Cohort said on Monday that its subsidiary, MASS, has been awarded a nine-year extension to its managed IT service contract for the Sentry Whole Life Support Programme (WLSP) at RAF Waddington worth around £12m. Cohort said the scope of the support contr

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25 Jul 2016 08:25

Cohort Subsidiary Wins UK Ministry Of Defence Communications Contract

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28 Jun 2016 11:59

Cohort Reports Profit Slip As It Completes EID Stake Buy In Portugal

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21 Jun 2016 15:02

UK Earnings, Trading Statements Calendar - Next 7 Days

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31 Mar 2016 08:03

Cohort Wins GBP17 Million Royal Navy Contract With BAE Systems

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