Updates

Cohort - Shares up 170p in ‘24 after huge contract win

May 2024

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.

The shares are now up 170p in 2024 following Cohort subsidiary SEA’s new contract worth £135m, awarded by the UK MOD to provide a Trainable Decoy Launcher to improve the Royal Navy surface ships’ defensive capabilities. SEA’s Ancilia system, a highly modular and flexible maritime countermeasures solution, has been selected to provide Electronic Warfare Countermeasures to the Royal Navy. Ancilia delivers effective protection against anti-ship threats such as ballistic missiles as well as other sophisticated systems and will be installed across the Royal Navy’s surface ships. This is comfortably Cohort’s largest single order ever and will take its orderbook to over £500m. Earlier, Cohort was awarded a £15.7m contract by BAE System ...

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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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