Updates and Ideas

Chemring - Defence specialist winning big contracts with USâ€ˆmilitary

December 2019

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.

Chemring is best known as the leading supplier of countermeasures, supplying military jets with flares, decoys and “chaff” to confuse radar and distract missiles. It was a stockmarket darling around the middle of the last decade after it won several lucrative contracts to supply the US Department of Defence (DoD). After riding that wave it reinvested some of the proceeds wisely by expanding into Counter IEDs (improvised Explosive Devices), which protected our armed forces in Afghanistan from roadside bombs. But in its rush to diversify away from Countermeasures it also backed a few ropey businesses in munitions, including certain ammunition lines, which had little technology IP to prevent rivals encroaching and suffered margi ...

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ASOS - Over £600m investment in new capacity will boost eps

TMI Trader Portfolio - December '19

Chemring - Defence firm expects growth from “reverse peace dividend” (August 2022)

Chemring - Forward PE less than 6 but outlook increasingly uncertain (January 2012)

Chemring - Defence business finding new sources of growth (December 2011)

Chemring - Aquisitions driving share price higher (February 2010)

Chemring - Wins huge contract (November 2009)

Chemring - Defence firm exploiting activity in Iraq and Afghanistan (September 2009)

Chemring (November 2008)

Chemring - Eps of 193p forecast for 2009 (August 2008)

Chemring - Order book rises to a record £420m (May 2008)

Chemring - Defence firm set to increase eps 71% over next two years (March 2008)

Chemring - Order book up 50% (January 2008)

Chemring (June 2007)

Chemring - Shares break over Â£20 (May 2007)

Chemring - Eps forecasts raised 10% to 101p (March 2007)

Chemring - Take part profit (January 2007)

Chemring - Order book hits another record (November 2006)

Chemring (August 2006)

Chemring (July 2006)

Chemring - Positive AGM (May 2006)

Chemring - Benefiting from massive US defence contract wins (April 2006)

Chemring - Supplier of countermeasures growing on back of US military spend (February 2006)

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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