1111111111 - 2 - watch

Mel, on the back of your post on the strong automotive sector, here are some others which might be worth a quick look in my opinion...as always DYOR.
amr mid 69.5p (bounced off support at 65p)
cuc mid 101.5p (just broke £1 psychological barrier - watch to see if it stays above)
emh mid 214p (appears to have broken from the downtrend)
vdy mid 516p (appears to have broke out from a 5 mnth sym triangle)



fundamentals:
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(AMR...pe 19.86,roe 13.51%,peg 0.5, eps/g 40%,increasing dividend/profit)

Armour Group PLC
26 October 2004
ARMOUR GROUP PLC ('ARMOUR GROUP ')

Preliminary Results for the year ended 31 August 2004


FINANCIAL HIGHLIGHTS


• Sales of £31.1 million (2003: £16.1 million) up 94%

• Profit before interest, taxation and amortisation of goodwill of £3.7
million (2003: £1.3 million) up 173%

• Profit before taxation of £2.9 million (2003: £1.4 million) up 105%

• Cash inflow from operating activities of £2.5 million (2003: £1.3
million) up 94%

• Recommended dividend of 0.45p (2003: 0.35p) up 29%

• Underlying earnings per share of 4.7p (2003: 2.7p) up 74%

CHAIRMAN'S STATEMENT

RESULTS AND DIVIDEND

I am pleased to report another record set of results for Armour Group plc for
the year ended 31 August 2004. The Group's operating profit after amortisation
of goodwill rose by 149% to £3.1 million (31 August 2003: £1.2 million). Group
sales were up 94% at £31.1 million (31 August 2003: £16.1 million). Basic
underlying earnings per share increased by 74% to 4.7p (31 August 2003: 2.7p).
Equity shareholders' funds were £16.4 million (31 August 2003: £9.5 million
restated) and the Group's net debt position was £2.6 million (31 August 2003:
Net funds £3.4 million).

The Board is recommending a dividend for the year of 0.45p (31 August 2003:
0.35p) per ordinary share, which represents a 29% increase over last year. The
dividend is payable on 7 January 2005 to shareholders on the register on 10
December 2004.

ARMOUR AUTOMOTIVE

The Auto Electronics Division, which has changed its name to Armour Automotive,
has delivered another year of excellent results with good organic growth in our
proprietary brands and a full year's contribution from the acquisition of
Continental Technologies and Investments Ltd ('CTI') made in March 2003.

Our proprietary brands of Autoleads, the specialist range of connectivity
solutions for in-car entertainment and communications, CTI, the specialist range
of GSM and GPS aerials and antennae for the automotive and marine aftermarkets,
RM Audio, the range of in-vehicle customer branded speakers and head units, and
Veba, the range of in-car audio-visual entertainment systems, generate 91% of
the Division's sales.
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(CUC...pe 14.52,roe 29.53%,peg 0.25, eps/g 57.08% increasing dividend/profit)

LONDON (AFX) - Centurion Electronics PLC, a maker of in-car audio visual
entertainment, reported a jump of 97 pct in pretax profits, driven by increased
sales across the company.
Sales to the OEM market increased tenfold while retail sales increased by 60
pct.
Pretax profit for the year to Sept 30 was 2.32 mln stg against 1.17 mln a
year earlier on a turnover of 15.74 mln stg, up 6.25 mln.
The dividend per share was 1.1 pence against 0.8 pence the year before with
the basic earning per share 6.99 pence against 4.45.
In its outlook, the group said the current year had started well and it
remained confident for 2005.
The group said its relationship with current customers "remains robust" and
it expects to win further contracts with UK and European based car manufacturers
in the year ahead.
The group supplies Kia, Hyundai, Peugeot and Citroen.
The group is continuing to develop its testing facilities with a view
expanding further.
Sales in Europe exceed the boards expectations, following the completion of
a strategic review and a further marketing campaign is planned for 2005.
The group chairman, Barry Hendon, said: "Our strategic focus is to build a
global business and to develop Centurion into an international brand through our
multi-channel sales strategy. To this end we shall continue our investment in
infrastructure and personnel in order to achieve our strategic objectives."
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(EMH...pe 9.22,roe 20.22%,peg 0.34, eps/g 13.33% increasing dividend/profit)

LONDON (AFX) - Car dealership group European Motor Holdings PLC said it is
raising its interim dividend 9 pct to 3.7 pence a share as it unveiled a 23 pct
increase in underlying pretax profits for the six months to Aug 31.
Pretax profit before exceptionals and goodwill amortisation rose 23 pct to
8.2 mln stg while after these items it shot up to 21.4 mln stg from 6.7 mln,
mainly due to a VAT refund and some asset sales.
"EMH has had its best ever first half year performance; our franchise
portfolio has once again outperformed the market and demand for our products
remains strong," said chief executive Richard Palmer.
"Our trading performance has been excellent, with operating profits rising
from 6.5 mln stg last year to 7.9 mln stg, an increase of 21 pct."
On current trading, Palmer said: "We have started the second half strongly,
ahead of last year's record levels.
"We are confident about the outcome for the full year and look forward to
the remainder of the period with optimism."
He added that the group has plenty of cash to fund expansion, possibly via
acquisitions in the second half.
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(VDY...pe 8.94,roe 17.96%,peg 0.54, eps/g 16.57% increasing dividend/profit)

Sir Peter Vardy, Chief Executive, said: "The Group has delivered a good profit
in the first half of the financial year, and at the same time continued to
expand through acquisition. Whilst the total United Kingdom new vehicle market
for 2004 will reach near record levels, purchases by private buyers have
declined during this reported period. The prospects for the Group are strong
based on its excellent market position. The proven growth strategy has been one
of acquiring, for little to no goodwill, asset backed, under performing
dealerships, which are turned round using the proven Reg Vardy model. Indeed,
more than a third of the current portfolio has been acquired in the last two
years and enhanced returns will be generated as these businesses are developed
to produce margins experienced in the core business. This, combined with the
record strength of the Reg Vardy balance sheet, means the Board is confident of
continuing to deliver significant shareholder value.
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Anyone else like any of these shares...comments welcomed/appreciated.....cheers maxi.