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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Chemring - Forward PE less than 6 but outlook increasingly uncertain

January 2012

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:
  • 374p
Coming just 29 days after our seemingly upbeat meeting with its chief executive, Chemring's trading update was clearly disappointing. The bug-bears were unexpected delays within the Counter IED and countermeasures divisions, which meant that product manufactured in September and October slipped into November. As a result £37m of high margin sales have been shunted into its new financial year starting 1 November. While analysts have trimmed back 2011 forecasts they have unfortunately not upgraded the new year, largely because the US (its largest market) has seen a re ...

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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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