ArmorGroup International plc

For over 25 years ArmorGroup has been recognised as a leading provider of
defensive, protective security services to national governments, multinational
corporations and international peace and security agencies operating in
hazardous environments. ArmorGroup provides protective security services,
security consultancy, security training and mine action services. It has 9,000
highly trained and experienced employees and operations in 38 countries. Over
the past two years it has supported its clients in over 160 countries across the
Middle East, Africa, North and South America, the CIS and central Asia.


http://www.armorgroup.com

43.5 m us of new contracts annouced in last 3 months. Not bad going.

I have a feeling we could see alot more soon, and all only annouced after work has started.

Yes exactly Spitfire - Could be a good 07.

I think a good sign of strength is the fact that the S.P. is continuing to move fowards even after the pre-close statement said earnings would be below estimates/

Agreed a good sign. Shoud think the shares will remain subdued for some time after profit warning. But sure confidence will return after some more positive news flow.

the only blue in my portfolio at the moment

Haven't brought in yet, just waiting for the right time. As you may have noticed have invested elsewhere, so in need of some new funds (hopefully arriving soon) to make purchase. Activity still subdued with Armor at the moment, so should be a good opportunity for me soon.

ABN AMRO have updated there hold position, and revised earnings slightly downwards as expected. See below.

Broker Date Rec Pre-tax () EPS(p) Pre-tax() EPS(p)
ABN AMRO[W] 05-02-07 HOLD 4.73 6.34 6.36 8.38

That's a shame - Though I hope after the commencing of new contracts positions will be updated to 'BUY'.

The bush speech advising a defence spending increase should add weight to Armor's position.
Do you really think the S.P. will go much lower than this Spitfire? I waited at the beginning but thought that it was too good an opportunity, even at the current S.P. to pass up.
As you say though you've bought some GTL! Ive got my fair share too and they are giving me a headache at the moment.

It may just hold the price back for a month or so, but the revised figures are only inline with the profit warning and only slightly down on previous one. As you say a few more contract wins and I'm sure 2007 will be a very good year. Apart from some profit slippage in Iraq, which thay are now steering away from, I think they will come out this year alot stronger.

looks like the start of a solid trend to me.

Gaining nicely now up 2p today at 78p, wish I had brought these rather than GTL. Will keep Armour on watch list with a view of buying at the right time.

Yes I am wondering why I took such a relatively small punt in comparison to GTL - Spitfire I think ARG is still cheap and it looks like the market believes that too - nice graph developing I think. If you can Id bet on them to carry on moving north - but its your decision.

Need to raise some cash for a worthwhile holding before I can buy.

Armor what a warrior - managing blue when everything's red!

Yes it's held up well, have managed to sell some stock in Redstone this morning. So will be looking for some bargains now, could be a few about after yesterday. But I won't rush in just yet.

Looks like the opportunity here may have passed Spitfire - 12% + Gain today is fantastic especially in such a poor market conditions.

good gains today, could be breaking highs soon!

It does seem to be heading away from me, but you never know, I will still follow Armor and could still buy in on updates/results hopefully.

Solider on Armor!

Armor goes marching on, must admit I'm kicking myself now.