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Chemring - Order book rises to a record £420m

May 2008

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:
  • 2433p
At its AGM on 20 March, Chemring stated that it continued to perform well with the order book now standing at a record £420m, 63% higher than at this time last year. In its countermeasures division the recent contract win with the US government has yielded its first order for 200,500 flares at a value of almost US$15m for delivery next year, while a separate flares contract worth US$20m has also been granted. Strong trading momentum is also being seen in the energetics division with the number of new orders almost treble that of last year. The shares have again challenged their all-time high and look poised to go higher. Keep buying.   ...

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