Proactiveinvestors United Kingdom Chemring Group https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Chemring Group RSS feed en Sun, 12 Jul 2020 09:50:00 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Chemring downgraded to ‘equal weight’ by Barclays following rally https://www.proactiveinvestors.co.uk/companies/news/921577/chemring-downgraded-to-equal-weight-by-barclays-following-rally-921577.html Wed, 10 Jun 2020 10:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/921577/chemring-downgraded-to-equal-weight-by-barclays-following-rally-921577.html Chemring soars as first half beats expectations https://www.proactiveinvestors.co.uk/companies/news/921035/chemring-soars-as-first-half-beats-expectations-921035.html Wed, 03 Jun 2020 09:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/921035/chemring-soars-as-first-half-beats-expectations-921035.html Chemring commits to dividend as operations remain firing amid coronavirus https://www.proactiveinvestors.co.uk/companies/news/917161/chemring-commits-to-dividend-as-operations-remain-firing-amid-coronavirus-917161.html Tue, 14 Apr 2020 08:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/917161/chemring-commits-to-dividend-as-operations-remain-firing-amid-coronavirus-917161.html Chemring reiterates outlook as order intake rises https://www.proactiveinvestors.co.uk/companies/news/914287/chemring-reiterates-outlook-as-order-intake-rises-914287.html Wed, 04 Mar 2020 08:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/914287/chemring-reiterates-outlook-as-order-intake-rises-914287.html FTSE 100 finishes higher as markets boosted by Boris Johnson effect and China story https://www.proactiveinvestors.co.uk/companies/news/909235/ftse-100-finishes-higher-as-markets-boosted-by-boris-johnson-effect-and-china-story-909235.html Mon, 16 Dec 2019 17:25:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/909235/ftse-100-finishes-higher-as-markets-boosted-by-boris-johnson-effect-and-china-story-909235.html Chemring Group says 2019 was slightly ahead of expectations https://www.proactiveinvestors.co.uk/companies/news/909251/chemring-group-says-2019-was-slightly-ahead-of-expectations-909251.html Mon, 16 Dec 2019 09:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/909251/chemring-group-says-2019-was-slightly-ahead-of-expectations-909251.html Chemring to boost profits with US defence department contract https://www.proactiveinvestors.co.uk/companies/news/906108/chemring-to-boost-profits-with-us-defence-department-contract-906108.html Fri, 01 Nov 2019 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/906108/chemring-to-boost-profits-with-us-defence-department-contract-906108.html Chemring “fairly valued” following recent rally, says Berenberg https://www.proactiveinvestors.co.uk/companies/news/223674/chemring-fairly-valued-following-recent-rally-says-berenberg-223674.html Wed, 10 Jul 2019 10:36:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223674/chemring-fairly-valued-following-recent-rally-says-berenberg-223674.html Chemring celebrates early insurance pay-out and two significant contract wins https://www.proactiveinvestors.co.uk/companies/news/220033/chemring-celebrates-early-insurance-pay-out-and-two-significant-contract-wins-220033.html Fri, 10 May 2019 06:58:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220033/chemring-celebrates-early-insurance-pay-out-and-two-significant-contract-wins-220033.html Chemring gets shot of discontinued Chemring Military Products unit https://www.proactiveinvestors.co.uk/companies/news/218129/chemring-gets-shot-of-discontinued-chemring-military-products-unit-218129.html Mon, 08 Apr 2019 07:21:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218129/chemring-gets-shot-of-discontinued-chemring-military-products-unit-218129.html Chemring now expects to make 85% of its profits in the second half https://www.proactiveinvestors.co.uk/companies/news/216929/chemring-now-expects-to-make-85-of-its-profits-in-the-second-half-216929.html Thu, 21 Mar 2019 09:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216929/chemring-now-expects-to-make-85-of-its-profits-in-the-second-half-216929.html Chemring now sees £15mln hit from Salisbury factory explosion https://www.proactiveinvestors.co.uk/companies/news/204110/chemring-now-sees-15mln-hit-from-salisbury-factory-explosion-204110.html Tue, 04 Sep 2018 07:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/204110/chemring-now-sees-15mln-hit-from-salisbury-factory-explosion-204110.html Chemring expects explosion at Salisbury facility to impact current year profit by up to £20mln https://www.proactiveinvestors.co.uk/companies/news/202720/chemring-expects-explosion-at-salisbury-facility-to-impact-current-year-profit-by-up-to-20mln-202720.html Mon, 13 Aug 2018 14:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/202720/chemring-expects-explosion-at-salisbury-facility-to-impact-current-year-profit-by-up-to-20mln-202720.html Chemring Group shares up as Barclays upgrades rating to ‘overweight’ https://www.proactiveinvestors.co.uk/companies/news/200469/chemring-group-shares-up-as-barclays-upgrades-rating-to-overweight-200469.html Tue, 10 Jul 2018 09:34:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/200469/chemring-group-shares-up-as-barclays-upgrades-rating-to-overweight-200469.html Chemring Group surges on back of improved showing from its Countermeasures division https://www.proactiveinvestors.co.uk/companies/news/199303/chemring-group-surges-on-back-of-improved-showing-from-its-countermeasures-division-199303.html Thu, 21 Jun 2018 07:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/199303/chemring-group-surges-on-back-of-improved-showing-from-its-countermeasures-division-199303.html Chemring continues recovery after tough 2016, with first-half losses reduced as revenues grew strongly https://www.proactiveinvestors.co.uk/companies/news/179664/chemring-continues-recovery-after-tough-2016-with-first-half-losses-reduced-as-revenues-grew-strongly-179664.html Thu, 22 Jun 2017 07:32:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/179664/chemring-continues-recovery-after-tough-2016-with-first-half-losses-reduced-as-revenues-grew-strongly-179664.html Chemring withdraws AGM plan for changes to directors pay, says year has "started positively" https://www.proactiveinvestors.co.uk/companies/news/174975/chemring-withdraws-agm-plan-for-changes-to-directors-pay-says-year-has-started-positively--174975.html Fri, 17 Mar 2017 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/174975/chemring-withdraws-agm-plan-for-changes-to-directors-pay-says-year-has-started-positively--174975.html Investors take cover as Chemring profits nosedive https://www.proactiveinvestors.co.uk/companies/news/121596/investors-take-cover-as-chemring-profits-nosedive-121596.html Thu, 21 Jan 2016 11:25:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/121596/investors-take-cover-as-chemring-profits-nosedive-121596.html Chemring hit by loan warning and rights issue https://www.proactiveinvestors.co.uk/companies/news/116687/chemring-hit-by-loan-warning-and-rights-issue-116687.html Tue, 27 Oct 2015 08:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/116687/chemring-hit-by-loan-warning-and-rights-issue-116687.html Chemring dives into red in H1 but forecasts second half fightback https://www.proactiveinvestors.co.uk/companies/news/108306/chemring-dives-into-red-in-h1-but-forecasts-second-half-fightback-108306.html Tue, 23 Jun 2015 13:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/108306/chemring-dives-into-red-in-h1-but-forecasts-second-half-fightback-108306.html Chemring: de-risked and re-focused for growth https://www.proactiveinvestors.co.uk/companies/news/264703/chemring-de-risked-and-re-focused-for-growth-16271.html Chemring is now a more efficient business with manageable debts and I believe the 25% loss of revenues attributed to the sale of its EU munitions business is more than priced in, while the focus on higher margin work will facilitate growth this year.  


]]>
Sat, 24 May 2014 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/264703/chemring-de-risked-and-re-focused-for-growth-16271.html
Chemring flares from disposals https://www.proactiveinvestors.co.uk/companies/news/263223/chemring-flares-from-disposals-14774.html The shares have fallen almost 40% in the past two months, pricing in much of the bad news. Given trading conditions appear to be stabilising and debt will be reduced following the disposal plan, it could be a good time to buy the shares ahead of a possible turnaround. 

]]>
Sat, 30 Nov 2013 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/263223/chemring-flares-from-disposals-14774.html
Chemring slumps on profit warning https://www.proactiveinvestors.co.uk/companies/news/52234/chemring-slumps-on-profit-warning-62058.html Fri, 11 Oct 2013 08:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/52234/chemring-slumps-on-profit-warning-62058.html Chemring on road to recovery https://www.proactiveinvestors.co.uk/companies/news/44282/chemring-on-road-to-recovery-52831.html Thu, 24 Jan 2013 10:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/44282/chemring-on-road-to-recovery-52831.html Investec repeats 'buy' recommendation on Chemring despite drop in profits https://www.proactiveinvestors.co.uk/companies/news/37095/investec-repeats-buy-recommendation-on-chemring-despite-drop-in-profits-44366.html Tue, 19 Jun 2012 17:26:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/37095/investec-repeats-buy-recommendation-on-chemring-despite-drop-in-profits-44366.html Chemring Group falls as order delays in US hit profits https://www.proactiveinvestors.co.uk/companies/news/37079/chemring-group-falls-as-order-delays-in-us-hit-profits-44339.html Tue, 19 Jun 2012 10:21:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/37079/chemring-group-falls-as-order-delays-in-us-hit-profits-44339.html Chemring wary over defence spending https://www.proactiveinvestors.co.uk/companies/news/32004/chemring-wary-over-defence-spending-38158.html Tue, 24 Jan 2012 07:46:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/32004/chemring-wary-over-defence-spending-38158.html Chemring - UBS reiterates "buy" rating for global defence firm https://www.proactiveinvestors.co.uk/companies/news/24944/chemring-ubs-reiterates-buy-rating-for-global-defence-firm-29800.html Fri, 24 Jun 2011 11:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/24944/chemring-ubs-reiterates-buy-rating-for-global-defence-firm-29800.html Chemring to buy Siemens’ UK defence electronics unit Roke for £55 mln https://www.proactiveinvestors.co.uk/companies/news/16475/chemring-to-buy-siemens-uk-defence-electronics-unit-roke-for-55-mln-19844.html Tue, 10 Aug 2010 06:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/16475/chemring-to-buy-siemens-uk-defence-electronics-unit-roke-for-55-mln-19844.html The Allied Defense Group to sell assets to Chemring in restructured deal https://www.proactiveinvestors.co.uk/companies/news/14923/the-allied-defense-group-to-sell-assets-to-chemring-in-restructured-deal-18105.html Thu, 24 Jun 2010 15:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/14923/the-allied-defense-group-to-sell-assets-to-chemring-in-restructured-deal-18105.html Chemring H1 revenues climb 10% as US Army contracts boost order book to record £751m https://www.proactiveinvestors.co.uk/companies/news/14832/chemring-h1-revenues-climb-10-as-us-army-contracts-boost-order-book-to-record-751m-17993.html Tue, 22 Jun 2010 11:27:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/14832/chemring-h1-revenues-climb-10-as-us-army-contracts-boost-order-book-to-record-751m-17993.html Chemring to buy Allied Defense Group for US$59 million, full-year pretax up 66% https://www.proactiveinvestors.co.uk/companies/news/9900/chemring-to-buy-allied-defense-group-for-us59-million-full-year-pretax-up-66-12369.html Tue, 19 Jan 2010 09:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/9900/chemring-to-buy-allied-defense-group-for-us59-million-full-year-pretax-up-66-12369.html Chemring wins up to US$34 mln mine search technology deal from Canadian military https://www.proactiveinvestors.co.uk/companies/news/8991/chemring-wins-up-to-us34-mln-mine-search-technology-deal-from-canadian-military-11302.html Mon, 14 Dec 2009 08:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/8991/chemring-wins-up-to-us34-mln-mine-search-technology-deal-from-canadian-military-11302.html Chemring raises US$280 million to repay debts and fund Hi-Shear acquisition https://www.proactiveinvestors.co.uk/companies/news/8220/chemring-raises-us280-million-to-repay-debts-and-fund-hi-shear-acquisition-10411.html Fri, 20 Nov 2009 08:13:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/8220/chemring-raises-us280-million-to-repay-debts-and-fund-hi-shear-acquisition-10411.html Chemring subsidiary nails decoy flares contract worth up to US$804 million https://www.proactiveinvestors.co.uk/companies/news/6744/chemring-subsidiary-nails-decoy-flares-contract-worth-up-to-us804-million-8751.html Mon, 05 Oct 2009 02:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/6744/chemring-subsidiary-nails-decoy-flares-contract-worth-up-to-us804-million-8751.html Chemring says FY outlook in line with expectations, revenues up 40% https://www.proactiveinvestors.co.uk/companies/news/6299/chemring-says-fy-outlook-in-line-with-expectations-revenues-up-40-8272.html Fri, 18 Sep 2009 08:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/6299/chemring-says-fy-outlook-in-line-with-expectations-revenues-up-40-8272.html Chemring to buy Hi-Shear Tech of US for £80 million in cash https://www.proactiveinvestors.co.uk/companies/news/6210/chemring-to-buy-hi-shear-tech-of-us-for-80-million-in-cash-8180.html Wed, 16 Sep 2009 07:53:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/6210/chemring-to-buy-hi-shear-tech-of-us-for-80-million-in-cash-8180.html Chemring Group: solid, well managed and plenty of growth potential https://www.proactiveinvestors.co.uk/companies/news/5048/chemring-group-solid-well-managed-and-plenty-of-growth-potential-6833.html The market leading Chemring occupies two market segments of the defence sector: that of energetics (battlefield simulation, vehicle-mounted mine detection etc.) and that of countermeasures (flares, decoys etc).

]]>
Mon, 27 Jul 2009 08:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/5048/chemring-group-solid-well-managed-and-plenty-of-growth-potential-6833.html
Chemring’s US unit Alloy Surfaces wins US$82.8 mln decoy orders https://www.proactiveinvestors.co.uk/companies/news/4548/chemrings-us-unit-alloy-surfaces-wins-us828-mln-decoy-orders-6238.html Fri, 19 Jun 2009 10:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/4548/chemrings-us-unit-alloy-surfaces-wins-us828-mln-decoy-orders-6238.html Chemring upbeat for 2009 in reassuring trading update https://www.proactiveinvestors.co.uk/companies/news/3420/chemring-upbeat-for-2009-in-reassuring-trading-update-4845.html Wed, 18 Mar 2009 11:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/3420/chemring-upbeat-for-2009-in-reassuring-trading-update-4845.html Chemring offers a rare combination of defensive growth https://www.proactiveinvestors.co.uk/companies/news/3176/chemring-offers-a-rare-combination-of-defensive-growth-4560.html Thu, 26 Feb 2009 06:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/3176/chemring-offers-a-rare-combination-of-defensive-growth-4560.html Chemring Australia wins A$160 mln armed forces contract, to create 40 jobs https://www.proactiveinvestors.co.uk/companies/news/2355/chemring-australia-wins-a160-mln-armed-forces-contract-to-create-40-jobs-3526.html Fri, 21 Nov 2008 10:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/2355/chemring-australia-wins-a160-mln-armed-forces-contract-to-create-40-jobs-3526.html Chemring acquires Richmond Electronics https://www.proactiveinvestors.co.uk/companies/news/1021/chemring-acquires-richmond-electronics-1573.html Richmond Electronics & Engineering Limited for £11 million in cash and shares.

Richmond Electronics is a manufacturer of equipment for the neutralisation of Improvised Explosive Devices ("IEDs") and unexploded ordinance. The company has patented a recoilless disrupter that fires a projectile or water into the circuits of an IED to neutralise it.

In the year ended 30 September 2007, Richmond posted a profit
before tax of £1.5 million on turnover of £5.8 million.

Chemring said the acquisition fitted its strategy of building a strong presence in the IED markets.

Chemring will pay £10 million in cash and approximately 50,000 shares.
]]>
Mon, 05 Nov 2007 09:24:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/1021/chemring-acquires-richmond-electronics-1573.html
Chemring firing on all fronts https://www.proactiveinvestors.co.uk/companies/news/653/chemring-firing-on-all-fronts-1052.html
The group gave an encouraging trading update ahead of the end of the first half later this month. The order book continues to grow and prospects are encouraging. The March acquisition of Italian group Simmel Difesa, which supplies rockets and mortar rounds, is bedding in well and will make a positive contribution this year. Chemring has profited from hostilities in Afghanistan and the Middle East selling countermeasures used by the UK and US military against guided missiles.

It also produces chaff, flares, decoys and other specialist devices. Last year's profits came in at £31.8 million, up 55%, allowing a thumping 52% hike in the dividend to 16p. The shares have risen from £5 at the start of 2006 to over £20.
]]>
Fri, 27 Apr 2007 09:07:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/653/chemring-firing-on-all-fronts-1052.html
Chemring Delivers the goods again. https://www.proactiveinvestors.co.uk/companies/news/202/chemring-delivers-the-goods-again-0221.html Mon, 22 Jan 2007 23:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/202/chemring-delivers-the-goods-again-0221.html