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??

thanks for this, im sticking with it as well!!

Wakey Wakey...Excellent day and a confirmed Breakout on the cards as it assaults through 300p. Results in a fortnight, looks likethere might be plenty of upside.

Remember Charles Stanley have a buy recommendation and a 450p target here.

Chelford,14-Mar,CharlesStanley,Buy,(price)276.00p,(target)450.00p,Reiteration.

http://www.growthcompany.co.uk/recommendations/25209/chelford.thtml

http://www.thebusinessonline.com/Stories.aspx?StoryId=3EA10661-AF0A-4CC9-B9F6-4D2B76925CA6&page=0

http://www.thisismoney.co.uk/news/columnists/article.html?in_page_id=19&in_article_id=408206&in_author_id=9

Charles-Stanley April2006

CHELFORD GROUP (CHR.L) (*AIM) Strong Buy

The supplier of supply chain and enterprise software produced results to end December broadly in line with our expectations. Revenue advanced by 22% to 14.5m and operating profit by 50% to 1.44m. Earnings per share on a normalised
tax basis came 46% higher at 15.5p; the effective tax rate was a low 10% because of losses released from the holding company. During 2005 Chelford acquired Agility and Shian, which increase the scale and range of services that
the group can provide. Helped by a full years contribution from these two acquisitions, we expect earnings per share growth of 55% in 2006. We continue to recommend the shares as a Strong Buy

Been insignificant volume to push the fall from over 260 - so I can see it moving back to that level as first stop.

Looking at the last available trades history 18k sells to 9k buys - so it wont take much to push this one back up. Especially since we seem to have broken free of that sharp downtrend channel of the last 6 weeks.

Also AGM is due in about 4 weeks time going by their website - and wonder that because it is late this year whether we will see a Trading Update prior to that.

Last years Trading update was 21st July - so maybe they will coincide it with their AGM statement - but reckon that it is likely they will release one early - so it could be due within the matter of a few weeks.

At current price of 240p puts these trading on a prospective PER based on Charles Stanley figures put these on FY06E of 10x and FY07E of 7.9x

Time to buy back in?