Apologies for longwinded post.



This company does not seem to be on any thread on this board, but I think worth a look.



ALTHOUGH INVOLVED IN ARMS THE PRODUCTS ARE FOR DEFENCE PURPOSES such as decoys

I have bought and sold shares in this company a few times since November 05.

Its rate of growth have be tremendous as has the share price. Approximate rate of growth for last year was 90% p.a.

I paid it another visit after reading the Times article and followed it initially with view to buy as shares bets or shares. The spread is a bit wide and unsuitable for SBs about 0.7%, but as a long term hold may be useful. BUT DO YOUR OWN HOMEWORK.

.
AFX News Feed

CHEMRING 25/4/07

LONDON (Thomson Financial) - Chemring Group PLC said first-half trading was in line with its expectations, adding that full-year prospects are good as its order book continues to grow. The military manufacturer said the first month performance of Italian munitions firm Simmel Difesa SpA, which it acquired on March 30, has been encouraging. Chemring added Simmel's acquisition for 49 mln stg is expected to be accretive to its earnings in the first full financial year post-completion. First-half results are expected to be announced on June 26, Chemring said. TFN.newsdesk@thomson.com ukn/ic COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

Friday, 30/03/07, 16:01


LONDON (AFX) - Military manufacturer Chemring has acquired the entire issued shares of Italian munitions specialist Simmel Difesa SpA for 77 mln eur, as part of its ongoing strategy of expanding its presence in the munition and explosive ordnance disposal markets.
The acquisition was funded by the issue of 373,551 new Chemring shares, and a cash payment of 67 mln eur funded by new bank facilities. newsdesk@afxnews.com bsd/nes COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

22/03/07, 14:58
LONDON (AFX) - Military manufacturer Chemring has acquired the entire issued shares of Italian munitions specialist Simmel Difesa SpA for 77 mln eur, as part of its ongoing strategy of expanding its presence in the munition and explosive ordnance disposal markets.
The acquisition was funded by the issue of 373,551 new Chemring shares, and a cash payment of 67 mln eur funded by new bank facilities. newsdesk@afxnews.com bsd/nes COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited



From The Times
February 16, 2007
US defence giants hunt British takeover targets
Boeing and Lockheed Martin are eyeing British defence companies worth more than 5 billion
David Robertson, Business Correspondent
Boeing and Lockheed Martin are eyeing British defence companies worth more than 5 billion in an attempt to win orders from the Ministry of Defence, The Times has learnt.
The American defence giants are understood already to have independently approached, and been rebuffed by, Ultra Electronics, the 800 million battlefield-IT specialist.
They are also thought to be weighing potential bids for Cobham, Meggitt and Chemring.
The interest being shown by the Americans has put British defence companies on a collision course with the Government over the industrys future.
BACKGROUND
Airbus weighs up factory spin-offs in restructuring
Cargo carrier struggles to stay airborne
Industrialists, including Sir John Rose, chief executive of Rolls-Royce, and Allan Cook, chief executive of Cobham, are concerned that UK plc is being sold off to foreigners.
The crisis of ownership is being particularly felt in the defence sector after the introduction last year of the Governments Defence Industrial Strategy (DIS), which sets out the future for the military-in-dustrial complex in Britain.
Lord Drayson, the Defence Procurement Minister, believes that who owns a defence contractor is less important than where it is based. The DIS states that, as long as the scientists, engineers and technicians that build and maintain Britains military infrastructure remain in the country, it matters less where their employer is from.
American companies wanting to win Ministry of Defence (MoD) orders are therefore having do so through a UK subsidiary.
Both Boeing and Lockheed Martin have set up UK operations and are expanding these organically but they are also looking for acquisitions.
Lockheed Martin, which had operating profits of $4 billion (2 billion) last year, said: We are a growing company and an ambitious company and we will look to move in the direction of acquisitions if it is appropriate to do so.
Boeing, which had profits of $3 billion last year, said: We are mindful of the DIS and the need to keep intellectual property in the UK but we need the capability to do so. We are looking at the option of acquisitions. Last week Sir John Rose gave warning that UK plc was under threat from foreign companies using the country as an aircraft carrier and raiding profits without investing in the future.
Allan Cook, chief executive of Cobham, told The Timesyesterday: This is about national defence and it does matter where the shareholders are.
We have to maintain core skills in aerospace and defence.
The American invasion has already begun with GEs acquisition of Smiths Industries aerospace division last month. Analysts have been speculating for some time that Cobham, Meggitt, Ultra and Chemring could be the next targets.
None of these companies was willing to comment.

FINAL RESULTS (Chemring)





TIDMCHG

RNS Number : 9076L
Chemring Group PLC
20 January 2009

?
+---------------------------------------+---------------------------------------+
| FOR IMMEDIATE RELEASE | 20 January 2009 |
+---------------------------------------+---------------------------------------+


CHEMRING GROUP PLC


PRELIMINARY RESULTS
FOR THE YEAR ENDED 31 OCTOBER 2008



Revenue from continuing operations up 39% to GBP354.2 million (2007: GBP254.7
million)
Record current order book of GBP585 million, up 43% since the end of October
2008; year end order book up 38% at GBP409 million (2007: GBP297 million)
Record operating cash flow up 38% to GBP83.7 million (2007: GBP60.6 million),
representing 99% conversion from underlying operating profit* of GBP84.9 million
(2007: GBP61.2 million)
Underlying profit before tax from continuing operations* up 39% to GBP74.2
million (2007: GBP53.2 million)
Profit before tax from continuing operations up 16% to GBP57.7 million (2007:
GBP49.8 million)
Underlying earnings per share from continuing operations* up 43% at 160p
(2007: 112p)
Basic earnings per share from continuing operations up 17% at 123p (2007:
105p)
Dividend per ordinary share up 40% at 35p (2007: 25p)


Divisional Highlights
Both Energetics and Countermeasures performed strongly and achieved record years
Energetics
Year end order book of GBP281 million, up 58% on 2007
Revenue of GBP197 million, up 54% on 2007
Simmel achieved an excellent second half performance with record sales and
profits
Strong contribution from acquisitions made in 2008
Divisional operating profits of GBP46 million in line with those of
Countermeasures
Countermeasures
Revenue of GBP157 million, up 25% on 2007
Chemring Countermeasures and Kilgore achieved record sales and profits
Alloy Surfaces achieved record production volumes of decoys
A$160 million contract for Chemring Australia


Ken Scobie, Chemring Group Chairman, commented:


"Once again I have the pleasure to announce another year of excellent
performance, with a 39% increase in underlying profit before tax* to GBP74.2
million and a 43% increase in underlying earnings per share* to 160p.


We enter 2009 with an excellent order book, an Energetics division growing
rapidly but still in its youth, and several newly-acquired businesses determined
to show the Group what they can achieve. The Countermeasures division will
continue to produce solid earnings and cash flow.


As a leading defence business, the issues associated with the current military
operations around the world make many judgments difficult but looking to the
future of the Group, these international tensions do not make the world look a
safer place. In rapidly changing economic circumstances there are many
imponderables which could affect the outcome for the next year. However, once
again I believe we will experience another year of above average growth, with
all-round solid financial performance."


* Before goodwill adjustment arising from recognition of tax losses, intangible
amortisation arising from business combinations and loss on fair value movements
on derivatives of GBP16.5 million (2007: GBP3.4 million)




For further information:


+--------------------+------------------------------------+-----------------+
| Ken Scobie | Chairman, Chemring Group PLC | 0207 930 0777 |
+--------------------+------------------------------------+-----------------+
| Dr David Price | Chief Executive, Chemring Group | 0207 930 0777 |
| | PLC | |
+--------------------+------------------------------------+-----------------+
| Paul Rayner | Finance Director, Chemring Group | 0207 930 0777 |
| | PLC | |
+--------------------+------------------------------------+-----------------+
| Rupert Pittman | Cardew Group | 0207 930 0777 |
+--------------------+------------------------------------+-----------------+




Results
Total revenue was GBP354.2 million (2007: GBP254.7 million), an increase of 39%.
Total underlying operating profit* was GBP84.9 million (2007: GBP61.2 million),
an increase of 39%.


Revenue, excluding acquisitions, increased 31% to GBP334.6 million (2007:
GBP254.7 million). Underlying operating profit*, excluding acquisitions,
increased 30% to GBP79.6 million (2007: GBP61.2 million). Net underlying
operating margins*, excluding acquisitions, were 24% (2007: 24%).


Revenue from businesses acquired in the year was GBP19.6 million and GBP5.3
million of underlying operating profit* was generated at a margin of 27%.


An analysis of total revenue and underlying operating profit* by business
segment is set out below:


+-----------------+----------------+------------+-----------+----------+------------+----------+
| Segment | 2008 | 2007
|
+
+-----------------------------------------+----------------------------------+
| | Revenue | Underlying | Margin | Revenue | Underlying | Margin
|
| | GBPm | operating | | GBPm | operating |
|
| | | profit* | | | profit* |
|
| | | GBPm | | | GBPm |
|
+-----------------+----------------+------------+-----------+----------+------------+----------+
| | | | | | |
|
+-----------------+----------------+------------+-----------+----------+------------+----------+
| Energetics | 196.7 | 45.7 | 23% | 128.2 | 27.9 | 22%
|
+-----------------+----------------+------------+-----------+----------+------------+----------+
| Countermeasures | 157.5 | 45.5 | 29% | 126.5 | 38.6 | 30%
|
+-----------------+----------------+------------+-----------+----------+------------+----------+
| Share-based | - | (1.7) | | - | (2.4) |
|
| payments | | | | | |
|
+-----------------+----------------+------------+-----------+----------+------------+----------+
| Unallocated | | (4.6) | | | (2.9) |
|
| head | - | | | - | |
|
| office costs | | | | | |
|
+-----------------+----------------+------------+-----------+----------+------------+----------+
| Total | 354.2 | 84.9 | 24% | 254.7 | 61.2 | 24%
|
+-----------------+----------------+------------+-----------+----------+------------+----------+


The revenue of the Energetics division grew 54%, and the operating profit grew
64%. The revenue of the Countermeasures division grew 25% and the operating
profit grew 18%.


Interest income in the year was GBP1.8 million (2007: GBP0.6 million). The
interest charge for the year was GBP12.6 million (2007: GBP8.7 million).
Included within interest is GBP0.7 million (2007: GBP0.6 million) for retirement
benefit obligations. Net interest was covered 7.9 times (2007: 7.6 times) by
underlying operating profit*.


Underlying profit before tax* was GBP74.2 million (2007: GBP53.2 million), an
increase of 39%.


Tax on the underlying profit before tax* was GBP20.7 million (2007: GBP17.1
million), representing a rate of 28% (2007: 32%).


Underlying profit after tax* on continuing operations was GBP53.5 million (2007:
GBP36.1 million), an increase of 48%.

this is a terrific company though i have not followed it for a while.

Excellent Co, good divi payable towards end of march, with strong order book.
Not immune to a downturn, but has suffered much less than other large companies & recovering steadily.

Broken through the 200 DMA for the first time in 4 months. Would expect to see some profit taking & a slide back, but looking a very good investment so far.
I believe they have been talking to institutional investors today, trying to promote the company, so hopefully some solid investors on the books soon.

Will be interesting to see where the sp goes now. Have taken profit, but need a pull back now as a little bit too expensive. Back to the 200 DMA would be ideal.

These are down along with some other Aerospace today, anyone got any news out there why?

markets are soggy

great figures followed by big jump in sp ..... would be pretty tempted were it not for the converging dmas lurking only a smidge higher

Goes ex-divi on the 25th march '09.

Interims due next week.
The results and outlook should be very good.

Very impressive interims:

Financial Highlights

Revenue from continuing operations up 55% to 233.5 million (2008: 150.2 million)

Record order book of 603 million, up 42% since June 2008

Underlying operating profit from continuing operations* up 64% to 46.1 million (2008: 28.2 million)

Underlying profit before tax from continuing operations* up 67% to 39.5 million (2008: 23.6 million)

Underlying earnings per share* up 56% at 81p (2008: 52p)

Profit before tax up 44% to 29.9 million (2008: 20.7 million)

Basic earnings per share up 36% at 61p (2008: 45p)

Interim dividend per ordinary share up 40% at 14p (2008: 10p)

this really is an excellent company, though it is a bit illiquid.
looks like sp is breaking upwards yet again, and this in a soggy market

results next week !

CHG goes ex-divi next wed, 17th March '10, 36p.

this is a very good company indeed although from a trading point of view it's a bit illiquid and certainly a bit volatile - but then it is a 30+ stock

has it gone ex divi already? - i suspect so, but if not, perhaps worth buying in the morning after a 40/50p drop today and with divi to come next week

=======

just checked - it goes xd of 35p nett next week (17th)

Down 61p at the mo (has been a lot lower today) on ex.divi day (36p). on 3 times av.volume so far.

Is it the market not liking the Interim Man. Statement? or just a bit of profit taking?

Why did I ever get out of this stock?

Wait a week or two and it will probably sing the Marseillaise.

a very interesting company that is truly well run and lots of other good things too - except perhaps its sector and weight ..... shares mag has always liked this stock, and they are certainly not alone, but apart from the cost, i do find it of some concern that sp has struggled to break back north of the 200 dma (black)

Goes ex-divi 13th July '11 (4p)