Manroy in multiple contract win

Manroy, an AIM-listed defence contractor, has received new contract orders totalling 8.7m pounds from existing customers within Asia, Europe and the UK.

Manroy, an AIM-listed defence contractor, has received new contract orders totalling 8.7m pounds from existing customers within Asia, Europe and the UK.

The biggest of these is a major order for £7.6m from an existing customer in Asia. In addition, the contract involves the placing of an intra-group order to Manroy USA for approximately £5.0m.

The other contracts are export orders worth a total of £1.1m.

These new contracts increase the group's order book to approximately £19m, compared to £11m in early February. This compares with total revenue for the group during the year ended September 30th 2012 of £7.4m. The board anticipates that around half of the group's current order book will be delivered during the current financial year.

Glyn Bottomley, Manroy's Chief Executive, said: "These major orders are the result of high customer confidence in Manroy following successful delivery of previous orders. They are a testament to the hard work of everyone within the Company and they take the Manroy order book to a new record level."

The share price leapt 24.75% to 63p by 09:25.

NR

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Lab-grown meat: the new agricultural revolution
Soft commodities

Lab-grown meat: the new agricultural revolution

Vegan alternatives are taking off, but the future of food technology lies in lab-grown meat – cultivating steaks and burgers from animal cells, says A…
16 Apr 2021