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Pin to quick picksCohort Share News (CHRT)

Share Price Information for Cohort (CHRT)

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Share Price: 1,452.00
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Cohort earnings ahead in first half

Mon, 12th Dec 2016 14:27

(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 an acquired order book of £23.1m.Its closing order book stood strong at £129.6m , rising from £116.0m a year earlier.Net funds of £9.9m were down on the year end, as previously expected - they were £11.4m at the same time last year and £19.8m at year-end on 30 April.The interim dividend was increased by 16% to 2.20p.Adjusted earnings per share were 16% lower at 5.99p, which the board said reflected a significant proportion of the earnings in the period being derived from the partially owned EID and MCL.Looking forward, Cohort said a stronger second half performance was in prospect, maintaining its expectations for the year, with the historic second half weighting to be repeated.It said £49.5m of the 31 October order book was deliverable in the second half and underpinned nearly 80% of the consensus forecast revenue for the full year.Prospects for further order intake in the second half across the group was said to be "encouraging".The firm would also benefit of a full six months' contribution from EID and the elimination of SCS's losses.And agreement in principle to acquire a further 23% of EID from the Portuguese Government was being made, and the remainder of MCL was expected to be acquired on or before 31 December."The group's first half operating profit increase was driven by the initial contribution from EID and a much better first half at MCL, balanced by adverse market conditions experienced in some other areas of the business," said Cohort's chairman Nick Prest CBE."We are confident of a strong second half performance across the whole group reflecting our normal seasonality, order book visibility, the benefit of a full second half contribution from EID and the elimination of SCS losses."Overall, Cohort's order book and pipeline, market positions, capabilities and strong funding position provide confidence that we will make further progress in 2016/17, and we maintain our expectations for the full year."
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6 May 2025 14:59

CORRECT: Cohort subsidiary wins five-year contract with Thales UK

(Corrects the length of the contract, which is different to that of the 15-year MSET programme.)

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1 May 2025 14:18

IN BRIEF: Cohort subsidiary wins 15-year contract with Thales UK

Cohort PLC - Reading, England-based technology firm - Announces that its subsidiary Systems Engineering Assessment Ltd has secured a 15-year contract with Thales UK as part of the Maritime Sensor Enhancement Team programme. Says SEA will provide waterfront support maintenance, repairs and regulatory inspections on the towed array handling equipment at the Royal Navy's UK dockyards and overseas.

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1 May 2025 11:51

Cohort subsidiary SEA wins 15-year contract with Thales UK

(Sharecast News) - Cohort announced on Thursday that its subsidiary Systems Engineering & Assessment (SEA) has been awarded a 15-year contract worth £8m by Thales UK under the Maritime Sensor Enhancement Team (MSET) programme.

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28 Apr 2025 09:26

LONDON BROKER RATINGS: Berkeley and Advanced Medical Solutions raised

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

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28 Apr 2025 08:30

RBC Capital starts coverage of Cohort, Chemring and Qinetiq

(Sharecast News) - RBC Capital Markets initiated coverage of SMID UK defence companies Cohort, Chemring and Qinetiq on Monday, with a preference for products over services.

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12 Feb 2025 09:56

Cohort subsidiary wins extension to JCSAT contract

(Sharecast News) - Technology group Cohort's MASS Consultants subsidiary has been awarded an extension to its Joint Command and Staff Training contract for UK Strategic Command.

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12 Feb 2025 09:20

IN BRIEF: Cohort wins GBP17.5 million JCAST contract extension

Cohort PLC - Reading, England-based technology firm - Says its subsidiary MASS Consultants Ltd has won an extension to the Joint Command and Staff Training contract for UK Strategic Command. The extension is for a further two years, until 2027 and has a value in excess of GBP17.5 million.

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11 Feb 2025 11:39

UK dividends calendar - next 7 days

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31 Jan 2025 11:33

Cohort completes acquisition of Aussie firm EM Solutions

(Sharecast News) - Cohort announced the completed acquisition of EM Solutions on Friday, following earlier announcements in November and January.

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31 Jan 2025 08:48

IN BRIEF: Cohort completes acquisition of Australia-based EM Solutions

Cohort PLC - Reading, England-based technology firm - Completes its takeover of Brisbane, Australia-based naval communications firm EM Solutions Pty Ltd. It will operate as the seventh stand-alone business within Cohort, reporting through the Communications & Intelligence division. Cohort announced in November it had agreed to buy EM Solutions for AUD144.0 million, about GBP75 million at the time.

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9 Jan 2025 16:56

Cohort subsidiary secures Italian submarine contract extension

(Sharecast News) - Technology company Cohort announced on Thursday that its German subsidiary ELAC Sonar has been awarded a €16.4m contract amendment.

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9 Jan 2025 12:05

IN BRIEF: Cohort subsidiary wins EUR16 million contract amendment

Cohort PLC - Reading, England-based technology firm - Says its German subsidiary, ELAC Sonar GmbH, has received a contract amendment to the value of EUR16.4 million, for the delivery of a sonar system to an additional unit of the Italian Navy's new build submarine programme. The amendment brings the 2021 contract's total value up to EUR100 million, and covers the supply of sonar systems to four submarines.

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2 Jan 2025 12:06

UK dividends calendar - next 7 days

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24 Dec 2024 12:07

IN BRIEF: Cohort says acquisition completion delayed to February

Cohort PLC - Reading, England-based technology firm - Says acquisition of EM Solutions Pty Ltd is now expected to complete by the end of February. It previously announced the acquisition would complete before the end of the calendar year. It expects any change in the net contribution from the acquisition in the year to the end of April to be immaterial. Cohort previously announced it had agreed to buy EM Solutions for AUD144.0 million, about GBP75 million at the time.

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24 Dec 2024 11:11

Cohort acquisition of EM Solutions pushed back to February

(Sharecast News) - Technology specialist Cohort announced a revised timeline for its acquisition of EM Solutions, a subsidiary of Australia's Electro Optic Systems Holdings, on Tuesday.

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