sliced. CHG… In hinsight Steve More wrong with his call August 13th above. It climed back to 236p
sliced. CHG… XXXXX Sad news of fatal incident ,production at the “flare†making site suspended . investigation. I see i sliced towards a peak in April 2018 @ 210p it dipped a little after, before a clime to 235 ( an increase of 12 % ) before this news . It fell this morning to 199p breaking through the lower bollinger bands of course.
All gone from ( S ) ord. Sold some @ 210p had it as a target for a month or so.Touched first thing yesterday before falling back .Might break through that now.
Re: sliced. Went above 210p first thing but dropped back to -0.5% by lunch time. 204 to 205
NEW ARTICLE: Stockwatch: A steady turnaround play "Is defence technology group LSE:CHG:Chemring returning to useful profits if not revenue growth, and able to re-energise shareholder returns?Its latest prelims to end-October 2017 are bolstered by margin improvements and lumpy revenue from ..."[link]
Dividend Rise and SFO Great rise in dividend but in same day serious fraud office opens investigations!
Advanced payment Good news on the advanced payment. Will now feed in throughout 2017/18 and improve revenues, expect share price to rise.
Closing Price Some strange trades and volatility at the close.
Why the rise today ??
Why the rise today ??
Why the rise today ??
Liberum From Citywire;"Chemrings attractiveness has a long range, says Liberum Liberum believes there is headroom in the Chemring (CHG) rating as the maker of military flares and missile decoys will continue to benefit from tensions in the Middle East and progress in US defence.Analyst Ben Bourne retained his buy recommendation and target price of 210p on the stock, after first half results showed profit before tax of £11 million, a swing from the £4 million loss in the same period last year. He said the good first half results meant there was a smaller mountain to climb in the second half of the year. The shares are trading on a current year 2017 enterprise value / earnings ratio of 11 times, falling to 10 times next year and free cashflow yield of 4%, rising to 7% next year, he said. Defence markets continue to improve [and] Chemrings recovery appears on track and long term prospects remain attractive. "
Interim Results Improving numbers and restatement of interim dividend all positive. Market likes it with the rise and on target to deliver end of year which is all positive.
NEW ARTICLE: Chemring’s dividend muddle "These are more encouraging times for LSE:CHG:Chemring, even if it appears the defence products firm is out of practice when it comes to paying a dividend.Having passed on the full-year dividend last year and again in 2016 half-year results, ..."[link]
Re: sliced. Did I read the FD's wife has been buying share in CHG ?