Chemring Group - Re: CHG Stream Log - Panmure published a note this...

Live Discuss Polls Ratings Documents
View
Page
10:08 22/06/2016

Panmure published a note this morning on research tree.... "The management have left themselves with a big ask in H2/16 to deliver on FY16 expectations even after the c3% downgrade yesterday. To meet the revised FY16 expectation, H2/16 revenues needs to grow by 48% sequentially while operating margins are expected to grow nearly 8-fold to 16%. While the first task looks more attainable, the second relies on everything going to plan. Recent history suggests caution, extreme caution."

Page