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

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)."