CHEMRING3 Nov 2012 21:22
Something peculiar is happening with this excellent company, or once excellent company..Another profits warning, resignations, licences, licence delays etc...Carlyle are clearly still interested is something positive though. The results of the American elections will play an important role for CHG. Obama cutting defence budgets whilst Romney's first priority is defence. A Romney win and CHG benefits greatly, even without a bid, or gives CHG a better bargaining position for a better offer.The share price recently was as low as it was in 2006..Buyers of Friday still optimistic a bid will materialise in the next few days or another extension..I am tempted to buy again at this level as this is a good company and would be hoping other bidders, perhaps even BAE would be be a suitor, will show merger or takeover interest.. Lets hope it isn't another Lamprell. Weak BUY !