Report

Update: I hear with my little ear

Cohort’s announcement that its MCL subsidiary has been awarded an £11.2m MoD contract for tactical hearing protection is a clear signal of the inherent potential in the acquired business as part of the larger Cohort group. With the initial contract scheduled over the next four years and a further three-year option, we are maintaining FY16 forecasts during ramp-up and raising our FY17 EPS forecasts by c 2% to 26.2p. With continued growth potential across the group, our fair value increases to 395p/share.
Underlying
Cohort

Cohort is a holding company. Co. operates through its subsidiaries: Empresa de Investigacao e Desenvolvimento de Electronica, S.A., which is engaged in the fields of electronics, tactical and naval communications, command and control; MASS Consultants Limited, which is an electronic warfare operational support, cyber security, secure ICT networks and support to operations business serving customers primarily in defense and security markets; and Marlborough Communications Limited, which is a supplier of electronic communications, information systems and signals intelligence technology to the defense and security sectors.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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