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Chemring - Wins huge contract

November 2009

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, which makes countermeasures and ordnance for the military, has won one of its largest ever contracts in its history, worth up to US$804m over five years, to supply the US department of Defence with infrared decoy flares through its US subsidiary, Kilgore. The flares will protect combat jets, such as F15 and F16s as well as helicopters, with the first delivery now already placed. Our decision to re-initiate coverage in the September issue looks well-timed with the shares responding to the win by leaping Â£2 to a new high of Â£26.10 and they look set for further gains. Keep holding. ...

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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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Chemring - Wins huge contract

November 2009

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