Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

 451.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 458.00
  • 52 Week Low: 297.50
  • Currency: UK Pounds
  • Shares Issued: 272.35m
  • Volume: 0
  • Market Cap: £1,229.66m
  • RiskGrade: 157

Chemring surges as Bain Capital said to have made takeover proposal

By Michele Maatouk

Date: Monday 24 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Chemring surged to the top of the FTSE 250 on Monday following a Sky News report that private equity firm Bain Capital has made an approach to buy the defence group.
One source suggested to Sky that an initial offer may have been tabled at 390p a share. This is a modest premium to the 356p at which the stock was trading on Monday morning.

They also said that a second offer had been under preparation by Bain, although it was unclear whether it had been submitted to the company's board.

Another insider told Sky there was uncertainty about how aggressively Bain was prepared to pursue the company.

Chemring employs roughly 2,700 people, according to its most recent results announcement published in mid-December.

Shares in Chemring slumped on 17 December, despite the firm reporting a record order book amid global political tensions and the war in Ukraine.

The company said at the time that revenues rose 8% to £510m in the year to 31 October. Underlying core earnings were up 6% to £93.7m and the order book surged 13% to £12.03bn.

However, it also reported operational challenges at its Tennessee countermeasures business due to production being disrupted by adverse weather conditions and delays in the ramp up of its automated facility.

"The underlying operating profit margin was also adversely affected by deliveries made on a legacy contract from 2016 for the supply of countermeasures to the US Department of Defence. Having previously been expected to complete in the second half of the financial year, the customer has now exercised an option to extend the duration of this contract, which will now conclude in the first half of FY25," Chemring said.

At 1215 GMT, the shares were up 13.5% at 406.20p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Chemring Group Market Data

Currency UK Pounds
Share Price 451.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 458.00
52 Week Low 297.50
Volume 0
Shares Issued 272.35m
Market Cap £1,229.66m
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.61% below the market average95.61% below the market average95.61% below the market average95.61% below the market average95.61% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Price Trend
84.45% above the market average84.45% above the market average84.45% above the market average84.45% above the market average84.45% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
87.72% below the market average87.72% below the market average87.72% below the market average87.72% below the market average87.72% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Growth
1.80% above the market average1.80% above the market average1.80% above the market average1.80% above the market average1.80% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 2
Sell 1
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Chemring Group Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Mar-25 15-Aug-24
Paid 11-Apr-25 06-Sep-24
Amount 5.20p 2.60p

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

Chemring Group Key Personnel

CFO James Mortensen

Top of Page