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.

Keep this one on the radar.

cheers GF.

Started positively this morning.

cheers GF.

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.

Is this a competitor for CUC? They are slipping back and I was tempted until I saw this thread---is AMR a better bet?

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.

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.

Watch out for upgrades on this one.

cheers Gf.

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.

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.

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.

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.

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.

There is further speculation that Armour will announce a further deal with Bentley.

cheers GF.

A nice rise today on a bad day for smallcaps. Things are looking sound very sound.

cheers GF.

Dropped 5 % today for no apparent reason and at this price represent a trading buy.

cheers GF.

starting to break up.......trading statement due end of march.

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!

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.

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!'

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.