Updates

ArmorGroup - Wins major US weapons contract

June 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

ArmorGroup has been selected by the US Department of State as one of three prime contractors qualified to bid on de-mining and weapons work worth up to $500m over five years (if all options are exercised). Under the terms of the award, ArmorGroup will compete for specific projects with the other contractors to provide mine clearance as well as the destruction of small arms/light weapons in areas of recent conflict worldwide. The contract doesn't specify timescales for delivery and quantity and each sub-project will be bid for separately. As a result, the timing of revenues is hard to predict. ABN Amro has increased its sales forecast for the year to 31 December by US$5m to US$225m but due to mobilisation costs, the pr ...

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Armorgroup (December 2007)

ArmorGroup (August 2007)

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ArmorGroup - Profit forecasts downgraded (December 2005)

ArmorGroup (August 2005)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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