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AVON Avon Protection Plc

1,198.00
-34.00 (-2.76%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avon Protection Plc LSE:AVON London Ordinary Share GB0000667013 ORD #1
  Price Change % Change Share Price Shares Traded Last Trade
  -34.00 -2.76% 1,198.00 93,796 16:35:19
Bid Price Offer Price High Price Low Price Open Price
1,206.00 1,212.00 1,252.00 1,202.00 1,234.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Rubber,plastics Hose & Belts USD 280.5M USD -14.4M USD -0.4642 -26.11 376M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:16:27 O 2,260 1,217.304 GBX

Avon Protection (AVON) Latest News

Avon Protection (AVON) Discussions and Chat

Avon Protection Forums and Chat

Date Time Title Posts
24/4/202418:56AVON RUBBER 20201,135
14/4/202414:36Avon calling - preparing to breakout1,049
13/2/201106:59Avon Rubber - the next Molins - doesn't make tyres stupid!222
20/2/200916:46PE of 8.8 and falling261
30/11/200610:05Update on Avon Rubber188

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Avon Protection (AVON) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:16:281,217.302,26027,511.07O
16:52:481,198.001,99523,900.10O
16:52:471,234.00881,085.92O
16:28:401,213.544625,606.55O
16:15:001,250.0022,800285,000.00O

Avon Protection (AVON) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Avon Protection Daily Update
Avon Protection Plc is listed in the Rubber,plastics Hose & Belts sector of the London Stock Exchange with ticker AVON. The last closing price for Avon Protection was 1,232p.
Avon Protection currently has 31,023,292 shares in issue. The market capitalisation of Avon Protection is £376,002,299.
Avon Protection has a price to earnings ratio (PE ratio) of -26.11.
This morning AVON shares opened at 1,234p
Posted at 17/4/2024 08:24 by bigbigdave
AVON Gets a positive mention at 14.40
Posted at 18/3/2024 06:47 by bigbigdave
*JEFFERIES RAISES AVON PROTECTION PRICE TARGET TO 1295 (1150) PENCE - 'BUY'
Posted at 08/2/2024 15:52 by ihatemms
The simple reason why the share price has dropped is because it’s gone ex div today.
Posted at 05/2/2024 09:19 by ch1ck
Avon smashing today
Posted at 01/2/2024 08:01 by hydrus
New contract 'Avon Protection Ceradyne LLC, Salem, New Hampshire, has been awarded a maximum $39,324,000 modification (P00028) exercising the second one-year option period of a one-year base contract (SPE1C1-22-D-1516) with four one-year option periods for second generation advanced combat helmets. This is a firm-fixed-price, indefinite-delivery/indefinite-quantity contract. The ordering period end date is Feb. 6, 2025. Using military service is Army. Type of appropriation is fiscal 2024 through 2025 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support, Philadelphia, Pennsylvania.'
Posted at 16/1/2024 07:22 by bigbigdave
Times

The tale of the Avon Protection bullet-proof vests that turned out to be only mostly bullet-proof may live long in the minds of investors appraising the listed business that otherwise makes helmets for the US military and gas masks and respiratory equipment for customers worldwide (Robert Lea writes).

The fiasco of Avon’s faulty body armour is told in the company’s share graph, with the stock price nearly quadrupling in the matter of a year to a high of more than £43 in the second half of 2020. Within another year, the company had lost 80 per cent of its value.
However, the technology failure was symptomatic of wider failings in the business and Avon’s management was moved on. For the past year, the Wiltshire-based company has been in turnaround mode under Jos Sclater, its new chief executive, whose recent bona fides include Ultra Electronics, Castrol Lubricants and GKN.

Its latest announcement is of a contract understood to be worth double-figure millions of euros to supply state-of-the-art, ten-years-in-development underwater breathing equipment to allow German naval divers to, among other things, clear mines on missions at 100 metres deep lasting four to six hours. The contract is strategically and financially valuable and may yet be the precursor to a far larger deal with the US navy. More importantly, it is a reminder that Avon has strong proprietary technology and sells to significant customers.
Avon’s stock has been pretty much flat at a time when so many other defence stocks have shot up like a Tomahawk missile during the conflicts of the past two years. Investors who want to hear the story will be reminded at a capital markets day early next month of Avon’s capability and what Sclater has done to shake up the company.

Avon is a business that has annual sales of about $250 million and it plans to nearly double margins to up to 16 per cent. If it can be forgiven for past failings, then it may be worth donning the tin hat once more.

Advice: Buy

Why? A turnaround situation in good markets with good product.
Posted at 15/1/2024 19:17 by jeffian
value king,

Sorry, only just seen your #1072. I suppose I may be unfairly jaundiced. I've held Avon since April 2002 through its period of transformation from principally rubber products through to the 'protection' business we have today. It was acquired as a 'Low PER/High yield' stock principally for income. Management didn't handle the transformation that well and everything from introducing new products to setting up new production facilities in the US always seemed to be behind the curve with delays and problems. They got there in the end, of course and the share price got up to over £40 (so with 10,000 shares acquired in 2002 I suppose I shouldn't complain!) but then came the disaster of the acquisition of the bulletproof vests from 3M - one of the greatest destructions of value I've seen (though Hewlett Packard may beg to differ!). Yes, we have now had a change of all the senior management involved at that time, but with nobody taking responsibility and no great sense of urgency. Let's hope that the new incumbents herald a change of management culture, not just new faces.
Posted at 15/1/2024 07:06 by bigbigdave
Avon Protection plc is pleased to confirm that the Group has been selected by the German Navy to supply its Multi-Role Rebreather for military diving operations.
The multi-million Euro order includes the supply of Avon's market-leading rebreather and ongoing technical support.
Posted at 13/10/2023 11:42 by kalai1
Avon Protection plc issued a trading update for the FY ended 30th September this morning. Full year trading was in line with the Board's expectations, as expected, trading in the second half of 2023 was stronger than in the first half, with order book growth and higher underlying earnings. H2 adjusted operating profit margin is broadly flat versus H1, the Group’s balance sheet is strengthening net debt-EBITDA on a covenant basis at the end of FY 2023 is expected to have reduced to around 2.0 times, compared to 2.6 times at the end of H1 2023. Valuation is decent if unexciting with forward PE ratio at 16.5x. However, share price remains in a longer run correction and lacks momentum. Monitor for now....

...from WealthOracle
Posted at 16/2/2022 10:28 by ch1ck
This is the reply I received from the CFO today. Which is full of detail and hope is helpsThank you for your follow up questions regarding the share buy-back, which I have attempted to answer as follows. Given our immediate priorities of closing the armor business and reshaping the group around our core respiratory and head protection businesses, we have announced that we do not intend to initiate any major merger and acquisition activity in 2022. Given the strength and cash generative nature of the core business and our strong balance sheet we have concluded that a share buyback is a good use of the cash we expect the business to generate whilst M&A is off the agenda. The principle behind a share buy-back is that it reduces the number of shares in issue increasing the proportion of the business owned by each share thereby resulting in the earnings attributable to each remaining share increasing. All things be equal this increases the value of each share. Of course, on a given day or short period of time, there are many other influences on the share price, such as other news relating to the company, other similar companies, and the economy in general, so it's not possible to disaggregate all those influences. A buy-back also has the secondary benefit of allowing holders who are looking to exit, a liquid market to sell their shares into and thus decrease any "overhang" of stock which would depress the share price in the short term. Based on the current share price, the $25 million share buy-back programme should improve our EPS by c. 4 – 5%, which in theory should convert through into a share price rise of the same level. Given that in will take c.6 months to complete the share buyback the 4-5% increase will be achieved over the same c. 6 month period. As such the SBB will not result in a dramatic discernible move in share price in the short term or on any particular day. I should highlight that U.K. listing rules limit the number of shares we can by to 25% of the daily trading and put a ceiling on the price that can be paid of 105% of the average price over the last 5 days. It is these rules that are determining the level of shares bought on a daily basis and which drive the estimated 6 month period to complete the programme. More generally, the driver for delivering shareholder value is for us to continue to grow the business, with the contract win of the Advanced Combat Helmets for the US military, announced last week, an excellent step forward. As we continue to deliver growth across our portfolio and demonstrate we can deliver on city expectations for the core business, I expect this to be the main driver increasing share price.
Avon Protection share price data is direct from the London Stock Exchange

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