Chemring...19 Aug 2012 15:34
Check out Bloomberg site and press releases in States...8th Aug....MOD accepts Roke(a Chemring Company)Manpack electronic warfare system into service as a core capability within the British Army and Royal Marines...CHG will issue trading update on 30th Aug..CHG is expected to do better in the 2nd half..Expecting positive news of deals in India, Saudi Arabia and licence for Middle east. A recent contract award In the States together with the sale of its maritime interests and takeover interests from several companies will keep chg in the spotlight for sometime. Carlyle is known as a Hostile company and CHG is still to ocheap.Intrinsic value is much higher and surly the sp is heading significantly higher and beyond 5.50,even without bids! Note the trouble in Syria, Lebanon, Israel, Iran .CHG is a Strong BUY!