i dont know if anyone knows or reads Chelford Thread...But results are going to be excellent!

keith , have a look at what happened to rtd, bprg, nsb and others who all posted excellent results , new deals , and still had price drops on the day all this was announced. no idea why but thats what happened.it hurt me so look out . i have held these from way way back and am happy that they are now being viewed as a good investment and the price is moving upwards. i will continue to hold as the price is still some way off what i bounght in at . ever hopeful....

The fat lady should be singing in tune tomorrow!

excellent results .. the mm's are ready for those wishing to off- load today pre-market bid 2.5 - 3.0 .. good luck to all

CHELFORD GROUP PLC

PRELIMINARY RESULTS FOR 2003


Chelford Group plc ("Chelford"), the IT supply chain software and services
company, announces its audited results for the year to 31 December 2003.


KEY POINTS:

* Results show solid turn-round to profitability in the second half year
before goodwill amortisation.

* Total turnover increased 35% to #9.9m (2002: #7.3m) and included a
full year's contribution from the SAP business acquired in December 2002.

* Profit before tax, goodwill and reorganisation costs was #434,000
(2002: loss of #245,000). After goodwill and reorganisation costs, the loss
before tax was #373,000 (2002: loss of #1.0m).

* Cash generation in the second half year resulted in year-end net cash
of #1.4m (2002: #1.1m).

* The SSI Division (supply chain software) achieved an operating profit
of #556,000 (2002: #13,000) before reorganisation costs of #9,000 (2002:
#113,000).

* The SAP Division (value added reseller of SAP software) moved into
EBTA profit during the second half but incurred a loss for the year of
#191,000 (2002: n/a) before reorganisation costs of #73,000.

* New business wins in 2003 included Kettle Produce, Ian Macleod
Distillers, Petrochem Carless, Oncura (a joint venture between Amersham and
Galil) and Primafruit. Significant new contracts in 2004 include Fox's
Confectionery and Cotton Traders.


On outlook, William Birkett, Chelford's Chairman, stated :


"In 2004, we expect markets to continue to be demanding, although decision
cycles are shortening and confidence is improving. There are good opportunities
within our customer base and the Group is strongly positioned to win new
business in our target markets.


"We started 2004 with a stronger order book and expanded customer base.
Performance in Q1 is encouraging, with both Divisions trading profitably and
ahead of Q1 2003. Contracted revenues at the end of Q1 already cover over 81% of
our costs for the current year with recurring revenues expected to account for
over 40% of total revenue in 2004. Accordingly, the Board anticipates a
satisfactory outcome for the full year in line with market expectations."



About Chelford


Chelford Group plc is based in Basingstoke, Hampshire, and its shares are quoted
on AIM (stock code: CHR). Chelford has two principal operating divisions. SSI is
a developer and vendor of supply chain solutions based on its Tropos product
suite which is sold mainly to mid-sized corporate customers. Chelford SAP
Solutions is a SAP product value-added reseller to mid-size organisations.



For further information, please contact:

Trevor Lewis, Chief Executive 01256-685400
Steve Liebmann, Bankside 020-7444-4163 or 07802-888159



CHAIRMAN'S STATEMENT


Introduction


The results for 2003 mark an important turning point for Chelford Group plc. For
much of the year, market conditions continued to be difficult although there
were some signs of an improvement in the latter stages. The Group moved into
profit at EBTA level during the second half of the year and performance improved
steadily as the year progressed.


SSI Limited ("the SSI Division", supply chain software and services) was
profitable at EBTA level throughout the year. Chelford SAP Solutions ("the SAP
Division", a value-added reseller of SAP products and services) was acquired at
the end of 2002 and has been integrated into the Group successfully. Although
loss-making in the first half of the year, this business has been turned round
and made a positive contribution in the second half of the year.

here we go . here comes the price drop . if it ends the day above 2.5 i will be surprised

Good results pirce falls - so if the results were c*ap would the price have risen? Following the trend, Doing a RTD would seem.:o((

i know i said to myself i will not monitor the price fluctuations today ..couldn't resist .. on L2 so far just 16 trades total shares traded around 500,000, the buy and sells so far evenly matched .. read into it what u like .. winterfolds have been the ones driving the price down they are currently 2.1 -.2.6 at the moment 2 mm at 2.1-2.6 and other two 2.3-.2.6 only a matter of time before the bid drops to 2.1 ..

L2 showing upward trend now few buys coming in .. 2 mm on 2.3 -2.6 .. well ..well winterfolds were clearly trying to get some cheap stock as they are now 2.4-2.9 what a turn around in space of two minutes .. hold tight today everyone

Kanyona - Thanx for the info, cheered me up to tad, in for the long haul, become an investor again, scalping knife back in the draw for now!

b4 i go out ..the current l2 is two mm's on 2.6 - 3.1 one 2.5- 2.7 one on 2.2-2.5 some largish delayed buys coming in ..another mm ploy where they delay significant buys and drop price to lure in sellers .. or that's what's my understanding .. going out now ..in it for another 6 months for better or worse ..

What happened to 4-4.5p guys??

i take u have not been reading the previous messages for the past few days ..

unfortunately it's the mm who decide the share price us minians could only offer our views ..this is something we should all understand .. i think the thread above is has been sensibly contributed to and since the Madrid bombings .. the market taking a negative turn the previous expectations had to be re-adjusted by all and in fairness to everyone have done this ..

this share has now become more of an investment co than one for trading ..although if people played it correctly then gains were there for the takings eother way..

i too was expecting fireworks when i first got into them ..but adjusted my thoughts in line with market expectations.. the share price has done well today .. it did fall as i predicted yesterday but since recovered and held's it's ground ..which to me is positive and bodes well for the future and it now has platform to build upon .. i am personally holding out for next few few months at the very least in order to give the company time to develop before realising my investment ..

i believe that's the best way forward

good luck

I sold out beginning of the week at 2.97p. I'm glad I did now.

Thanks for your comments Kantona. Like you I will hold but when do you think they will reach the 'dizzy heights' of 4-5p?

no probs .. keith .. i know it's bit frustrating sometimes when all goes well but u don't actually see it being reflected in the price ..

personally i expected as much .. because there has been alot of coverage on various bb's re this over the past few months .. unfortunately the mm's do themselves catch onto this and they in turn try to out think the punters and to extent they have done it well..

i am now looking over the next few weeks for a period of stability .. i expect some form of positive coverage on this maybe as soon as the weekend in the press (but not holding breath ) .. i'll be looking over the weeks at the actions of directors for them to give there backing by maybe buying some themselves .. i would expect form of broker coverage in light of the new results .. there vll be the agm (not sure when)..

i am not saying all this vll happen .. but thats my way at looking at the positive's .. i will be extremely disappointed if nothing happens from here on in ..but that's the risk i am prepared to take.

as for the price .. i am not going to put any targets or time scales ..but i do see value in holding for next 6 months .. which sounds alot but in investment terms it's not a long time at all..

in view of the company's profitabilty i also see the sector as being very saturated.. so you cannot discount any form of consolidation or even an offer from elsewhere.. i must stress though this is me just thinking aloud .. certainly there is no evidence at all out there of this happening.

i have still not answered your question .. for my own benefit i would like to think the companys has potential to come closer to the 5p mark in time for the interims .. so i am looking for 50-60% increase in my ivestment over 6 months .. but no gurantee this vll happen and that's the beauty of trading ..we all live on dreams ..but when you wake up to reality it does not always live up to it's expectations..

P.S keith have a look at Ringprop on a 6 month view .. to me this could be the hot one for summer ..

Has anybody seen any press coverage over the weekend on the results??

I looked but didn't find..

Anyone know why the significant drop this morning? I have not bought in to these but considering at the moment.

Fun's over, i sold before results as most shares currently falling on results even if good, the thing is these were expected to do significantly better i think - see previous posts of mine and they could now drop for weeks as have rtd and lots of others. For a bit of spec short term fun try DES then look at chr again in a month

was there any press coverage of these in the weekend papers?