Some good news this morning from them, it looks like 2004 will be a excellent year for them and the shares increased by 13%
Is this the start of another upward trend for them??

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Breakout! Up 11% so far today. Last chance to get in before excellent interims 7am tomorrow.

got a little mention in Times today. said they turned around a 300000 loss to 500000 profit. hope it doesn't hit the skids like it did after results were out in April

Chelford Group plc ('Chelford'), the IT supply chain software, SAP reseller and
services company, announces its unaudited results for the six months to 30 June
2004.


Key points:


Results show that the strong performance achieved in the second half
of last year has continued during 2004 with both operating divisions trading
profitably.

Total turnover increased 29% to 5.6m (H1 2003: 4.3m).

Profit before tax and goodwill amortisation was 501,000 (H1 2003:
loss of 257,000). After providing for goodwill, the profit before tax was
135,000 (H1 2003: loss of 623,000).

Positive cash flow resulted in net cash at 30 June 2004 of 1.7m (31
December 2003: 1.4m; 30 June 2003: 0.7m).

The SSI Division (supply chain software) achieved an operating profit
of 290,000 (H1 2003: 51,000).

The SAP Division (value added reseller of SAP software) achieved an
operating profit (before goodwill) of 193,000 (H1 2003: loss of 324,000).

Significant new business wins in the first half year included
Hamworthy KSE, Fox's Confectionery, H & A Prestige Packaging, Firth Rixson,
Petrochem Carless, Shell Global Solutions, Cotton Traders and Weston EU.

1-for-100 share consolidation and capital reorganisation is proposed.


is this 1 for 100 shares consolidation a good thing?

I hold 87.000 what should i do weather the storm ??

that depends on what you paid for them and how long you can leave the money in. are you going to need this money for Christmas? if not stay in to Arpil for finals and should see another increase in sp prior to results

with such a positive result i cant understand why the price hasnt moed upwards,,it actaully fell!!!

Am i being a simpleton in my reasononing here:
when the consolidation takes place the price will be around 1.6-2. in my mind this means that they will appear on the radar screens and may attract demand from the institutions thus leading to price rises.

Any comments??

Keith
What does consolidation mean to current holdings. Do 100 shares become 1
Frodo

yes every 100 shares you now have will be changed to 1 new share, with a corresponding change in the share value

Up 20%. Is this due to news on consolidation?

Up 20%. Is this due to news on consolidation?

any thoughts on this one?

any thoughts on this share??

got a little mention in Shares - said it looks promising

does anyone think that the proposed consolidation will lead to the shares being noticed on the radar of the institutions and lead to greater demand and hence price rise?

i bought this at 2.8p in february.
should i cut my losses and sell or hold for another 6 months?