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

Down 35% on the following news:

LONDON (Thomson Financial) - "ArmorGroup International PLC said its operating profit for the year to end-December will be lower than the 10.6 mln stg reported in the year-ago period, and announced that chief executive David Seaton is stepping down with immediate effect.

The company, which has been hurt by a major commercial deal in Iraq that has not built up significantly, has already started to reorganise and reduce its cost base related to this country, and believes its action will be positive on its operating margins in the first half of 2008.

Further, the security services supplier said continuing issues with administrative and human resource requirements for a US embassy contract in Afghanistan has had a significant impact on profits of its Afghan operations.

However, the London-listed company, which recently restructured its management team involved in the Afghan contract, said it expects this strategic project to be profitable in the early part of 2008.

ArmorGroup also said it will have to write off 2 mln usd if it fails to complete a strategic acquisition it has been holding extensive discussions about for some months."

I sold for around 40% profit at 99p earlier this year. Thought they were looking cheap but this announcement puts a lot of doubt into that. They're having severe trouble getting clients to mobilise contracts (Thats when Armor starts getting paid) so the setbacks are unsuprising.

"LONDON (Thomson Financial) - ArmorGroup Intl PLC confirmed that it is currently in talks with a number of parties regarding possible offers for the company, and said it has noted the recent movement in its share price.

At 1.51 pm GMT, the London-listed company, a security services supplier, saw its shares rise nearly 17 pct to 41 pence."

"ArmorGroup International plc, the leading provider of defensive protective
security services, today announces its unaudited preliminary results for the
twelve months ended 31 December 2007. The Group can also announce that the
Board has reached agreement on the terms of a recommended cash offer of 80p per share for ArmorGroup by G4S (March 2008) Limited (a wholly-owned subsidiary of G4S plc)."