Cohort in multiple contract win
15th Apr 2014 09:33
Independent technology group Cohort has won several contracts through its subsidiaries, MASS and SCS, worth a total of six million pounds. MASS has landed two contracts worth £3m to supply an Electronic Warfare (EW) database to customers in the Middle East and Far East, with first delivery due wit
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreSector movers: QinetiQ leads defence stocks higher on M&A reports
21st Oct 2013 15:44
Aerospace and defence stocks were gaining ground on Monday as deal speculation, trading updates and upbeat broker commentary lifted the sector higher. QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. Hopes
Read moreCohort slips after mixed quarterly update
18th Sep 2013 09:17
Shares in technology group Cohort took a hit on Wednesday after the group's Chairman, Nick Prest, revealed the group's performance is likely to be more biased to the second half than in recent years. In an otherwise upbeat quarterly statement, the Chairman said that the pattern of deliveries and a
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreCohort unit wins contract with BAE Systems
20th Aug 2013 09:50
Cohort said its subsidiary SEA had won a 11m pound contract with BAE Systems to provide two external communications systems for the Royal Navy's nuclear-power Astute submarine programme. The communication systems relay everything from family messages for the crew to critical mission orders. It is
Read moreMonday broker round-up UPDATE
24th Jun 2013 07:36
Andor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreCohort posts modest growth in operating profit
13th Dec 2012 14:36
AIM-listed independent technology company Cohort posted modest growth in operating profit for the six months to October 31st, according to its interim results published on Thursday. The group, which has a market capitalisation of £49.89m and operates through three subsidiaries; MASS, SCS and SEA, s
Read moreCohort confident about annual performance
11th Sep 2012 10:19
Technology group Cohort said it was looking to build on record profits last year after a strong first quarter. In a speech to the company's annual general meeting, Chairman Nick Prest said a combination of a good order book, strong net funds and businesses with operational momentum provided a solid
Read moreCohort wins AWACs contract, while profits grow
25th Jun 2012 09:48
Defence electronics firm Cohort saw its shares rocket on Monday morning after announcing strong profits and a big contract extension. In the 12 months to the end of April pre-tax profits climbed 51% to £6.5m compared to £4.4m in 2010/2011. Revenues were up 16% at £75.4m while the total dividend pe
Read moreCohort half year profits double
15th Dec 2011 12:59
Shares in defence technology supplier Cohort rose more than 6% after the firm reported a doubling of profits for the six months ended 31 October. Continuing its recovery, the group's revenue rose 14% from £32.7m to £37.4m, boosting pre-tax profits which soared from £0.7m to £1.8m. Earnings per sh
Read moreThursday broker round-up - UPDATE
15th Dec 2011 08:48
Hays: Barclays initiates at outperform. Morgan Crucible: Goldman Sachs upgrades to buy from neutral. Hargreaves Lansdown: Citi cuts to neutral from buy. Cairn Energy: Investec keeps hold, target cut from 333p to 291p. Betfair: UBS raises target from 620p to 625p, sell rating unchanged. Logica:
Read moreTuesday tips round-up: Wolfson, Cohort, British Land
28th Jun 2011 06:28
Chip group Wolfson Microelectronics said, ahead of the interim figures on July 25, that second-quarter revenues would be at the bottom end of forecasts of $37m (£23m) to $39m and that revenues would grow during 2011 by 10% to 20%, against earlier market forecasts of about 30%. Various unnamed custom
Read moreLondon midday: Stocks edge higher despite Ocado slump
27th Jun 2011 12:14
Stocks are clinging onto gains overall on a quiet start to the week, but Ocado, the grocery deliverer, has slumped following negative broker coverage after its half year results. Ocado said the only limit on its growth is capacity as it moved into profit in the half year to 15 May and announced a
Read moreCohort profits rise, wins UK defence contract
27th Jun 2011 09:54
A rise in profits and a contract win helped Cohort narrow what its chief executive sees as the unjustified gap between the share price and the real value of the defence technology group. Pre-tax profits excluding exceptional items in the year to 30 April climbed to £4.9m from £4m the previous year
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