goldfinger
- 16 Jan 2004 00:17
What Does It Do.
Basically has three main sales Divisions, but its main business is supplying electronic and fitting solutions for the in car entertainment market, this division dominated by autoleads, which provides a range of cellular leads.
The second division is the Audio Electronics Division, and is dominated by VEBA which is developing a range of in car flat panel monitors and DVD players.
The third sales division is the home hi- fi market, the company produces top of the range interconnects as well as in multi-room systems.
Management
The current CEO George Dexter has put together a fairly new and ambitious management team which includes Bob Morton as non- executive chairman.
Acquisitions
In October the company bought 4 companies involved in the design, manufacture and supply of products to the specialist hi-fi, home theatre and entertainment markets.
The businesse were, Veda, Imi, Goldring and Qed, bought for around 12.5 milion and which should significantly increase growth within the company added to the existing brands.
Veba, is the jewel amongst these and focuses on the in-car audiovisual market and produces plug in and play equipment.
New Legislation.
From the 1st of December last year. it became an offence to use a hand held mobile phone while driving. The autoleads division supply cellular smart leads for linking hands free kits to the audio system, and enables the phone to be powered by the radio thus not invalidating a vehicle warranty and has safety benefits like muting the the radio when the phone rings.
It should all add up to extra sales for the division.
Broker Forecasts.
Forecasts from broker Peel hunt are as follows.
end8/2003 EPS/PER
2.7 20.3 Actual
end8/2004 3.8 14.5 Estimated
end8/2005 4.4 12.5 Estimated.
I really think these figures for 2004 are very conservative indeed, and should be beaten.
Shares in issue 52.6 million.
Medium to long term Buy.
cheers GF.
Please DYOR and you are responsible for the timing and selling of your shares.
goldfinger
- 16 Jan 2004 00:21
- 2 of 46
The latest Results.
Latest results.
Armour Group PLC
16 October 2003
ARMOUR GROUP PLC ('ARMOUR GROUP ')
Preliminary Results for the year ended 31 August 2003
CHAIRMAN'S STATEMENT
RESULTS AND DIVIDEND
I am pleased to report a record set of results for Armour Group plc for the year
ended 31 August 2003. The Group's operating profit after amortisation of
goodwill of 0.1 million rose by 143% to 1.2 million (31 August 2002: 0.5
million). Group sales were up 21% at 16.1 million (31 August 2002: 13.3
million). Basic underlying earnings per share increased by 80% to 2.7p (31
August 2002: 1.5p). Equity shareholders' funds were 9.7 million (31 August
2002: 8.8 million) and the Group's net cash position was 3.4 million (31
August 2002: 5.0 million).
The Board is recommending a dividend for the year of 0.35p (31 August 2002:
0.25p) per ordinary share, which represents a 40% increase over last year. The
dividend is payable on 15 December 2003 to shareholders on the register on 24
October 2003.
AUDIO ELECTRONICS DIVISION
The Audio Electronics Division has once again beaten both its budgeted targets
and last year's results with profitable growth coming from both organic
development and acquisition.
The organic growth has been achieved through the continued development of
Autoleads, the specialist range of connectivity solutions for in-car
entertainment and communications, and our fast growing Veba brand of in-car
audio visual products, which include DVDs, screens and accessories. Profitable
contributions to the Division's results have also been made by RM Audio, the
mid-market brand of car audio products, and Kicker, the high end brand of
specialist speakers and amplifiers.
On 10 March 2003, for a cash consideration of 2.1 million, we acquired
Continental Technologies and Investments Limited ('CTI'), one of the leading
European designers and manufacturers of specialist GSM and GPS aerials and
antennae for the automotive and marine aftermarkets. The operations of CTI have
been integrated into the infrastructure of the Audio Electronics Division and we
are well advanced in exploiting the potential synergies identified at the time
of acquisition in manufacturing, sourcing and channels to market. CTI has
performed well in the six months since the acquisition and it has been earnings
enhancing for the Group.
The continuing growth in organic development will be driven by our ongoing
programme of internal investment in the operating infrastructure and new product
development. Our product range is now one of the most comprehensive in the
in-car entertainment and communications market and underlines our position as a
market leader in this niche.
PEOPLE
The success, which we have achieved in the year, is a reflection of the quality,
dedication and professionalism of the people that we employ. I would like to
acknowledge the Board's appreciation of their commitment and efforts during the
past year.
OUTLOOK
The Group is financially strong with high quality earning streams. We operate in
growth markets and enjoy market leading positions, supported by strong branded
product ranges, in our niches in the in-car entertainment and communications
market.
Our strategy of profitable growth by both organic development and acquisition
remains unchanged. The Board is confident of the Group's prospects for the
current financial year.
BOB MORTON
Chairman
15 October 2003
cheers GF.
goldfinger
- 16 Jan 2004 00:22
- 3 of 46
Strong looking TA.
cheers GF.
goldfinger
- 16 Jan 2004 00:28
- 4 of 46
Last weeks AGM.
Armour Group PLC
10 December 2003
ARMOUR GROUP PLC (THE 'GROUP')
Annual General Meeting
Armour Group plc, the UK market leader in the design and supply of electronic
interconnects and fitting solutions for in-car entertainment/communications and
home hi-fi and entertainment markets is holding its Annual General Meeting at
11.00 today. Bob Morton, Chairman, will make the following statement:-
'The Group has had an excellent 2003. Our trading performance in the year to 31
August 2003 has demonstrated the underlying strength within the Group, in our
brands, our products and also our ability to successfully grow the Group both
organically and by acquisition.
Audio Electronics Division
The Audio Electronics Division has started the new financial year well with
operating profits in the first quarter to 30 November 2003 comfortably ahead of
our expectations and well ahead of last year.
The Veba brand of in-car DVD's, screens and accessories is making good progress
in the professional fit market place offering solutions to customers such as
Fiat, the Hartwell Group, Scania and Halfords, who have now started selling the
Veba range in over 230 of their stores. The new business pipeline for Veba is
very promising and our expectation is for a much bigger contribution from Veba
in 2004.
As the UK market leader in the design, manufacture and supply of telemute leads
that link mobile phone hands free car kits to the in-car entertainment systems,
we have been preparing ourselves for some months for the introduction of the new
legislation banning the use of mobile phones in cars other than in a hands free
car kit. Our build programme has ensured that we have had sufficient stocks of
telemute leads to meet the increased demand for this range of products, which
since the 1 September 2003 has seen sales increase by in excess 30% over the
comparable period last year. This increase in sales is rising month by month,
with the sales figure for November 2003 being 50% up on last year and 50% higher
than October 2003.
The CTI antenna business continues to perform well and is exceeding our
expectations. Its prospects for the current financial year are encouraging with
the introduction of new products, overseas sourcing and the securing of new
customers. In addition, we currently have under test with one of the major
mobile phone network providers in the UK a number of CTI's GSM vehicle mounted
antennas. We are confident as to the outcome of these tests and the ensuing
potential business, which could be significant in terms of CTI's existing sales.
Home Electronics
The acquisitions on 31 October 2003 of Veda, QED, Goldring and IMI to create the
Home Electronics Division were a key step forward for the Group. It has almost
doubled the size of the Group both in terms of sales and operating profits and
we are confident that these acquisitions will be earnings enhancing in current
financial year.
The home hi-fi and entertainment market is set to grow with the continued demand
for home theatre products and development of the emerging home automation
market, where multi-room systems will be a key component. Having acquired some
of the leading UK companies and brands serving the niches of electronic
interconnects and multi-room systems in the home hi-fi and entertainment market,
the Group, through the Home Electronics Division, is well placed to benefit from
this anticipated growth.
In the month since their acquisition, the companies making up the newly formed
Home Electronics Division have all traded in line with our expectations and
ahead of the comparable figures for last year.
The Group remains financially strong, the new financial year has started well
and a good potential new business pipeline further underlines the Board's
confidence with regard to the prospects for the Group'
Further Details:
George Dexter Armour Group PLC Tel: 01892 502700
Trevor Bass Fleet Financial Tel: 020 70670743
This information is provided by RNS
The company news service from the London Stock Exchange
cheers GF.
goldfinger
- 16 Jan 2004 11:38
- 5 of 46
Up 4p already and looking good, hope you got a few.
Cheers GF.
Dil
- 16 Jan 2004 18:43
- 6 of 46
A SCSW nap for 2004 in their January edition after making them the main write up in December.
Forecasts were upgraded three times in the last year and its suggested that current forecasts will have to be upgraded again soon.
Got myself a few Monday.
Good luck.
Dil
goldfinger
- 17 Jan 2004 03:00
- 7 of 46
Well done Dill, will have to put Tenby in these aswell, nudge nudge, wink wink.
Good luck and cheers GF.
Dil
- 18 Jan 2004 20:35
- 8 of 46
I left him a message :-)
goldfinger
- 19 Jan 2004 01:43
- 9 of 46
Says shes got some. Wise person. think we will get a good week out of these.
cheers Gf.
goldfinger
- 20 Jan 2004 00:16
- 10 of 46
Profit taking today,so should be up in the morning. Wishfull thinking.
cheers GF
dorothyperkins
- 20 Jan 2004 08:01
- 11 of 46
good article in Dec and Jan scsw -
www.scsw.co.uk
anyone have a new forecast yet?
goldfinger
- 21 Jan 2004 00:15
- 12 of 46
Havent seen one dorothy, but I beleive the company to be way undervalued, especially with the new legilation in force from xmas on driving and mobile phones.
cheers GF
goldfinger
- 21 Jan 2004 10:34
- 13 of 46
Buys coming in now for this one. Fingers crossed for a good afternoon when it usualy takes off.
cheers GF.
goldfinger
- 21 Jan 2004 12:19
- 14 of 46
TA looking strong.
Positive Candidate (Medium term) - Jan 20, 2004
Has risen 386% since the bottom on 2 Jul 2002 at 16.50. Is within a rising trend. Continued positive development within the trend channel is indicated. The volume balance is positive and strengthens the stock further in the short term. The stock has support at p 18.00.
Period Vol.bal. Volatility Liquidity +/- %
1 day - 1.32% 7.65 -1.19%
5 days 65.41 4.92% 24.76 +8.08%
22 days 33.80 15.38% 17.81 +22.20%
66 days 21.49 42.53% 23.04 +72.58%
cheers GF.
goldfinger
- 21 Jan 2004 16:03
- 15 of 46
Still in positive territory despite the poor day for small caps.
cheers Gf.
goldfinger
- 22 Jan 2004 00:15
- 16 of 46
Come on armour we want a good day out of you.
cheers Gf.
goldfinger
- 22 Jan 2004 16:01
- 17 of 46
A small rise today but nothing much yet. Cant understand it. People just not aware of the potential of this one.
cheers GF.
hawick
- 22 Jan 2004 16:16
- 18 of 46
Patience GF! Tends to pause for breath every 20p or so! 20p 40p 60p 80p! A week or two and 100p+ I hope!
goldfinger
- 27 Jan 2004 01:47
- 19 of 46
Well that means its up for 100p in the morning Hawick, good stuff.
cheers GF.
goldfinger
- 28 Jan 2004 01:03
- 20 of 46
Well it didnt rise that much Hawick but it did go north, plenty wednesday.
cheers GF.
goldfinger
- 12 Feb 2004 23:41
- 21 of 46
Nice to see it on the Institutions map..................
Armour Group PLC
12 February 2004
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1) Name of company - Armour Group plc
2) Name of shareholder having a major interest - Fleming Mercantile Investment
Trust Plc (Chase Nominees Limited)
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18 - as in 2 above
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them - Chase Nominees Limited
5) Number of shares/amount of stock acquired - 1,500,000
6) Percentage of issued class - 2.85%
7) Number of shares/amount of stock disposed
8) Percentage of issued class
9) Class of security - ordinary shares
10) Date of transaction - not known
11) Date company informed - 9 February 2004
12) Total holding following this notification - 3,001,832 shares
13) Total percentage holding of issued class following this notification - 5.7%
14) Any additional information
15) Name of contact and telephone number for queries - David Wright 01892 502700
16) Name and signature of authorised company official responsible for
making this notification - David Wright, Company Secretary
Date of notification 12 February 2004
This information is provided by RNS
The company news service from the London Stock Exchange
cheers GF.
Dil
- 14 Feb 2004 01:01
- 22 of 46
Patience is a virtue ... whatever that means.
Dil
- 18 Feb 2004 12:14
- 23 of 46
New high ?
hawick
- 18 Feb 2004 12:18
- 24 of 46
Lovely!
Armour Group plc's ('Armour') Auto Electronics Division has secured its largest
ever order following an agreement with Hyundai Car (UK) Limited ('Hyundai') to
supply its VEBA in-car entertainment equipment for four Hyundai models, the
Terracan, the Matrix, the Santa Fe and the Trajet. The integrated solutions have
been designed on a model specific basis for the United Kingdom market and
include DVD players, infra-red headphones and TFT screens which are either
headrest or roof mounted. The new systems will be launched by Hyundai at the
beginning of May 2004 and will be on display at the Birmingham Motor Show. The
initial order received from Hyundai is in excess of 400,000 and it is expected
that it will be fully delivered in the current financial year.
George Dexter, Armour's Chief Executive, commented:
'This is a significant order for the Group and our Auto Electronics Division. It
follows five months of working closely with Hyundai in developing the right
product solutions and represents another important step forward in consolidating
the position of the Group's VEBA brand as one of the market leaders in the
professional fit end of the in-car entertainment market.'
goldfinger
- 18 Feb 2004 15:01
- 25 of 46
Fantastic deal, I expect Broker updates now and financial press coversge.
cheers GF.
goldfinger
- 19 Feb 2004 00:19
- 26 of 46
Keep this one on the radar.
cheers GF.
goldfinger
- 19 Feb 2004 10:26
- 27 of 46
Started positively this morning.
cheers GF.
bishopjeremy
- 22 Feb 2004 12:54
- 28 of 46
Armour Group are the featured Stockwatch share in Saturday's Times."well placed to take advantage of the ban on using mobile phones while driving....the shares have been rising steadily since June of last year, when it put out a trading statement predicting takings well ahead of expectations". Good bit of coverage for a good share.
moneyplus
- 22 Feb 2004 15:35
- 29 of 46
Is this a competitor for CUC? They are slipping back and I was tempted until I saw this thread---is AMR a better bet?
goldfinger
- 22 Feb 2004 20:18
- 30 of 46
At the moment I would say yes moneyplus. Not that Centurion is a really a bad one, ist just that the financial press seem to be giving centurion an hard time since the unfortunate death of the ceo.
Armour have a few more specialist areas aswell. I may go back into centurion but armour is the one I favour at the moment.
cheers GF.
goldfinger
- 24 Feb 2004 23:59
- 31 of 46
Well these didnt get hammered today like most so I suppose you can say thats a positive even though they didnt go up in price.
cheers Gf.
goldfinger
- 02 Mar 2004 01:20
- 32 of 46
Watch out for upgrades on this one.
cheers Gf.
goldfinger
- 04 Mar 2004 11:14
- 33 of 46
Right on cue...... dont ask.
Armour Group PLC
04 March 2004
Armour Group plc ('Armour')
Trading Statement
Armour is pleased to report that the Group has traded comfortably above
expectations in the six months to 29 February 2004. The trading performance in
the first six months benefited from improved gross margins through better
product mix, strong sales growth from in-car cellular products and lower than
expected operating costs.
On a divisional basis, the Auto Electronics Division has continued to outperform
its targets and the new Home Electronics Division has made a significant
contribution in its first four months in the Group.
The Board anticipates securing further significant new business and looks
forward to the second half of the year with confidence.
04 March 2004
Further Details:
George Dexter Armour Group PLC Tel: 01892 502700
John Harris
Trevor Bass WSSM Tel: 020 7067 0743
cheers GF.
ps, starting to move north nicely.
goldfinger
- 05 Mar 2004 01:01
- 34 of 46
And further speculation...........
Armour rumours
MEANWHILE, Bob Morton can also look forward to some increasing benefits from another of his investment vehicles, Armour Group, the car and home audio equipment provider.
In a trading statement, chief executive George Dexter says the company has 'traded comfortably above expectations in the six months to February 29 and the board anticipates securing further significant new business and looks forward to the second half of the year with confidence.'
Word has it that the group has nailed a major contract with a major German vehicle maker, believed to be BMW, although nobody from the company will confirm this.
cheers GF.
goldfinger
- 05 Mar 2004 01:16
- 35 of 46
And some more news today.......
Times today :-
'Armour, which is listed on the Alternative Investment Market, eased 2p to 81.5p, despite word that strong trading at its auto electronics division may prompt KBC Peel Hunt, house broker, to raise forecasts. It expects 3.5p of earnings for the year to August 31. However, after last month's 400,000 Hyundai contract win, Armour is said to have secured large orders from BMW and Bentley.'
cheers GF.
If and when these contracts are reported we could see this one really well marked up.
vasey
- 05 Mar 2004 11:55
- 36 of 46
Text from IC:
Like rival Armour Trust, Centurion is booming, thanks to the craze for in-car DVD players, which keep kids and in-laws entertained during car journeys. But the company's spectacular 2002-03 results and this year's bumper expectations have been clouded by the sudden death in late January of founder, chairman, chief executive and 46 per cent shareholder Steven Cunningham, aged 36, in a road crash.
Up until now, some 80 per cent of Centurion's turnover has come from its 'Plug & Play' boxed kits, which have velcrose or suction-backed screens. In the 12 months to end-July 2003, the number of in-car vision units sold via retail outlets such as Halfords, Argos and over 400 car dealerships, almost doubled. Since September, Centurion has introduced a cheaper Plug & Play product and a thin roof-mounted screen. So, not surprisingly, motor manufacturers are now starting to fit DVD screens as optional extras.
By far the most significant customer to date for such products is Toyota, which signed a pan-European deal that could see in-car vision units fitted in eight new models over the next three years. The first contract for the Toyota Avensis consists of a twin-screen system (with screens in both headrests), a DVD player in the car boot and games-compatible sockets for a PlayStation.
Last April, Centurion signed a contract to supply the 2003 Nissan Micra with an in-car DVD system available via its 229 UK dealerships. Similar agreements have been signed with Mazda, Kia and Fiat. Not surprisingly, Centurion believes that original equipment sales could rise from 20 to 30 per cent this year. As a result, its share price has been climbing.
Company broker Charles Stanley reckons that turnover this year will more than double to 12.92m as profits jump to 2.08m and earnings to 6.3p. A dividend of 1.1p is also forecast.
goldfinger
- 10 Mar 2004 00:39
- 37 of 46
An excelent contract win. Have to say this company of late as been very strong
Armour Group PLC
09 March 2004
ARMOUR GROUP PLC SIGNS
CONTRACT WITH BMW AG
Armour Group plc's ('Armour') subsidiary Autoleads Limited, part of Armour's
Auto Electronics Division, has signed an agreement with Bayerische Motoren Werke
Aktiengesellschaft ('BMW AG') to supply the in-car multimedia system for a new
BMW model. This innovative solution, which will be a dealer fitted option, is
unique to BMW and was designed by Armour's VEBA development team working in
conjunction with BMW Group. The new systems will be assembled at the Autoleads
production facilities in Hampshire and supplied direct to BMW Group in Munich
for distribution through their worldwide dealer network. The value of the
initial order received from BMW Group is in excess of US$850,000 and the first
deliveries are scheduled for later this year.
George Dexter, Armour's Chief Executive, commented:
'This is a significant contract win for the Group and another important step
forward in the development of the Group's VEBA in-car multimedia brand. In the
past month the Group, through the VEBA brand, has secured two of its largest
ever orders confirming our position as one of the market leaders in Europe in
the fast developing in-car AV market.'
Further details:
George Dexter, Armour Group plc Tel: 01892 502 700
John Harris
Trevor Bass WSSM Tel: 020 7067 0743
This information is provided by RNS
The company news service from the London Stock Exchange
cheers GF.
goldfinger
- 13 Mar 2004 00:14
- 38 of 46
There is further speculation that Armour will announce a further deal with Bentley.
cheers GF.
goldfinger
- 15 Mar 2004 23:34
- 39 of 46
A nice rise today on a bad day for smallcaps. Things are looking sound very sound.
cheers GF.
goldfinger
- 19 Apr 2004 23:57
- 40 of 46
Dropped 5 % today for no apparent reason and at this price represent a trading buy.
cheers GF.
petralva
- 14 Feb 2005 10:35
- 41 of 46
starting to break up.......trading statement due end of march.
petralva
- 16 May 2005 08:19
- 42 of 46
does anyone have an idea of the nav?........i'm sure it was around the 30p mark,with no support lines it's a bit hard to know when to top up!
petralva
- 24 May 2005 19:23
- 43 of 46
i see a sar3 has been issued after the bell....i wonder who's stalking us?
i think we can safely say a rise will be on the cards wednesday.
hawick
- 06 Oct 2005 10:22
- 44 of 46
Too cheap now. Back in.
Trading statement forecasting 5.5p eps, a 20%+ year on year growth, and debt is small for this type of business. A single figure p/e is too low for a company of this sort given growth and positive outlook. Worth buying.
Trading Statement
'Armour is pleased to report that basic underlying earnings per share for the
Group for the year ended 31 August 2005 will be in line with the current market
expectations of 5.5p per share. The operating profit for the Group is expected
to be in excess of 10% up on the prior year.
The preliminary announcement of the results for the year ended 31 August 2005
will be made on 2 November 2005.
New Distribution Agreements
Armour Automotive, the Group's in-car communications and entertainment division,
has recently entered into an agreement with Mio Technology Limited to distribute
into the automotive market the Mio range of in-car and portable satellite
navigation products. Satellite navigation is currently the fastest growing part
of the automotive accessories market and the Mio range extends the product
portfolio of Armour Automotive into this exciting growth sector.
Armour Home Electronics, the Group's home theatre and entertainment division,
has entered into an exclusive distribution agreement with Universal Electronics
BV for the distribution of its Nevo SL touch screen remote control device. The
Nevo SL is a universal controller that intuitively delivers complete audio
visual and digital media control for the networked home. It has received
outstanding reviews in the trade press and further enhances the division's
leading position in the specialist home theatre, hi-fi and entertainment market
in the United Kingdom.'
At 49.5p that seems very fair given that represents 20% y-on-y growth. Debt is relatively small for a company of this sort too.
Would have bought more if the marlets were perkier!'
hlyeo98
- 11 Jul 2008 16:58
- 45 of 46
Full-year profit warning from Armour Group - MoneyAM
Armour Group warned it expects its full-year results will be 20% to 30% below current market forecasts.
The company blamed 'challenging market conditions' in the third quarter that led to lower-than-expected sales volumes across operations.
'It is expected that the difficult trading environment that now exists in the group's core UK market will continue for the remainder of the reporting year and into 2009,' the consumer electronics company added.
Armour also said its unit has been named exclusive distributor for Directed Electronics, part of DEI Holdings Inc. Armour Automotive Ltd. will distribute the automotive brands in the United Kingdom, Sweden and Ireland from August 1st.
And as part of the continued investment in and development of the group, Armour Home's Alphason operations near Manchester are being moved into a new facility in Atherton.
The move will consolidate six operating locations in the home division into a single facility that will have over 100,000 sq. ft. of warehousing, offices, product showroom and training facilities. This new facility is scheduled to be operational by the end of the financial year.
HARRYCAT
- 04 Feb 2015 10:07
- 46 of 46
StockMarketWire.com
Hawk Investment's mandatory cash offer for Armour Group is now wholly unconditional and will be extended by 14 days from the first closing date of 6 February to 20 February.