Previously writing on technology company to defence and related markets Cohort (CHRT), in September with the shares lower to 568p I concluded including also noted is that some delays have persisted – with the company noting some extended negotiations, restrictions impact and supply chain challenges… at this juncture, just on the watchlist. The shares last closed at 600p, but are currently lower towards 500p on the back of half-year results. So what’s the story now?...
Technology company to defence and related markets Cohort (CHRT) has updated on trading including that it “entered the new financial year with a substantial long-term order book of £242.4m, underpinning nearly £100m (2020: £84m) of current financial year revenue, representing 64% of expected consensus revenue for the year… the order book stood at just under £300m as at 16 September 2021, with revenue cover now standing at 82%”. So what of a currently lower share price of 568p?...
Defence and related markets products and services company Cohort (CHRT) has announced a trading update including “Net funds stronger than expected at c.£2m (30 April 2020: net debt of £4.7m; 31 October 2020: net debt of £6.1m)… order book of c.£240m (30 April 2020: £183.3m)… we see good prospects for further significant new orders”. Why then are the shares currently, at 636p, more than 5% lower in response?...
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