Chemring Group Forum

Panmure published a note this morning on research tree.... "The management have left themselves with a big ask in H2/16 to deliver on FY16 expectations even after the c3% downgrade yesterday. To meet the revised FY16 expectation, H2/16 revenues needs to grow by 48% sequentially while operating margins are expected to grow nearly 8-fold to 16%. While the first task looks more attainable, the second relies on everything going to plan. Recent history suggests caution, extreme caution."

which Mideast country finally honoured the arms contract?

Re the profit warning announcement in October/November which re-stated the likely outturn, which mid-East country or countries stalled on the ammunition deal? Not clear in the statement.

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When will these shares increase.Sure they are dumping munitions but what will fill the void and when do the markets anticipate increase in value?