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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Chemring - Defence business finding new sources of growth

December 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CHG
  • Price:
  • 516p
When we first met with Chemring's chief executive, Dr. David Price, nearly six years ago the company's prime activity, supplying decoy countermeasures (such as flares and chaff) to protect military assets from missile attacks, was literally flying high after winning the largest contract in its history with the US Department of Defence. However, Price has never been a man to rest on his laurels and acknowledging that Chemring's 50% share of a £400m countermeasures market effectively left it with nowhere to go he immediately embarked on a large acquisition-led program to broaden its product range and enter new markets. As a result, in the five years to 31 October 2010, turnover has quintupl ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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