Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

363.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 365.50
  • 52 Week Low: 255.50
  • Currency: UK Pounds
  • Shares Issued: 272.85m
  • Volume: 1,130,699
  • Market Cap: £990.46m
  • RiskGrade: 157

Chemring gets early insurance payout, secures two new contracts

By Michele Maatouk

Date: Friday 10 May 2019

LONDON (ShareCast) - (Sharecast News) - Defence contractor Chemring said on Friday that its 2019 results will now be less weighted towards the second half following an early insurance payout, as it announced two contract wins.
In a pre-close statement for the six months to 30 April, the company said its full-year expectations for 2019 are unchanged.

However, as a result of insurance recoveries in respect of the incident at the UK Countermeasures site in August last year being received earlier than previously expected, the H1/H2 weighting of continuing underlying operating profit for 2019 is now expected to be around 30%:70% versus previous guidance of 15%:85.

Chemring also said that its Australian subsidiary has been awarded two "significant" contracts from the US Department of Defence to supply countermeasures to the Royal Australian Air Force, US Navy and Foreign Military Sales in support of the F-35 Joint Strike Fighter and other platforms.

At 0850 BST, the shares were up 0.2% at 151.45p.

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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 363.00p
Change Today 3.50p
% Change 0.97 %
52 Week High 365.50
52 Week Low 255.50
Volume 1,130,699
Shares Issued 272.85m
Market Cap £990.46m
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
86.06% above the market average86.06% above the market average86.06% above the market average86.06% above the market average86.06% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income
65.95% below the market average65.95% below the market average65.95% below the market average65.95% below the market average65.95% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
48.12% below the market average48.12% below the market average48.12% below the market average48.12% below the market average48.12% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 0
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 21-Mar-24 17-Aug-23
Paid 12-Apr-24 08-Sep-23
Amount 4.60p 2.30p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 120,129 @ 363.00p
16:35 1,005 @ 363.00p
16:35 1,524 @ 363.00p
16:35 124 @ 363.00p
16:35 1,121 @ 363.00p

Chemring Group Key Personnel

CFO James Mortensen

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