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AVON Avon Protection Plc

1,082.00
6.00 (0.56%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 0.56% 1,082.00 1,080.00 1,084.00 1,084.00 1,074.00 1,076.00 33,062 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Rubber,plastics Hose & Belts 280.5M -14.4M -0.4642 -23.35 336.29M
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 1,076p. Over the last year, Avon Protection shares have traded in a share price range of 583.00p to 1,084.00p.

Avon Protection currently has 31,023,292 shares in issue. The market capitalisation of Avon Protection is £336.29 million. Avon Protection has a price to earnings ratio (PE ratio) of -23.35.

Avon Protection Share Discussion Threads

Showing 1001 to 1023 of 2925 messages
Chat Pages: Latest  45  44  43  42  41  40  39  38  37  36  35  34  Older
DateSubjectAuthorDiscuss
02/2/2012
11:16
Ooops! No sooner said......
jeffian
02/2/2012
10:06
I don't know about "nice"; more like the Curate's egg (good in parts). To have the principal profit-driver subject to "contractual protest...which will delay delivery dates for this order" doesn't read well and I'mm slightly surprised the shares haven't been marked down more.
jeffian
02/2/2012
08:48
Not so nice selling! Little dip
ryandj2222
02/2/2012
07:41
Nice IMS this morning.
18bt
27/1/2012
14:02
Hope not, AS - replacing this one in the portfolio wouldn't be easy ! I think it may have suffered temporarily about concerns over US defence cuts, but given the products they supply they're not likely to be adversely effected, as you can see from the terms of the contract announcement a while ago.

Sign of the times that a P/E of 10 is regarded as being high (I actually make it higher than 10) : sign of the times indeed ! What a surprising number of analysts seem to ignore, however, is that P/E is based on current price and historic earnings. A P/E is only high in my opinion if current and future earnings are likely to be equal to or less than historical earnings, if not the P/E is falling as we 'speak' ! If current forecasts are correct, that is happening : a stock like this trading on a PEG of less than 1 is a strong buy in my book.

I actually disagree with the statement about the dividend. First they only started paying a dividend relatively recently following the restructuring. Second, and much more important what are they doing with the money instead ? Answer : investing in R&D, which has trebled. Given my timescale I would rather have a quality stock in a well run company which is investing to generate enhanced future earnings than a much higher dividend : at least they pay something !

bluebelle
26/1/2012
14:13
Interesting. The metrics on this are very impressive under the 'new' regime. I particularly like the increasing EPS and, more important, cash flow ps whilst one must hope that the significant increase in R&D expenditure will generate further growth down the line. They have adopted a progressive dividend policy which I also like to see, have an undemanding p/e and a PEG of less than 1. I still don't think it has had the market recognition which its figures merit.
bluebelle
26/1/2012
14:04
WH Ireland Securities initiates buy on Avon Rubber, target price 370p
angels share
25/1/2012
10:01
Love the chart on this at the moment !
bluebelle
20/1/2012
09:52
Interims Feb2nd
bigtitt
04/1/2012
18:03
sorry to hear that nellie, thanks
jon827
04/1/2012
13:12
some good buying today. IMS last year on 25 Jan.
angels share
03/1/2012
09:08
From above:

Engineer Avon Rubber's development of its dairy business and protection and defence operation – producing gas masks for the US Department of Defense – is paying off despite budget concerns, with improved profit margins and opportunities to expand its range of products. At 315p it could also be a bid target.

Jon, site stopped because of increased server costs and a rapid decline in visitors following last August. Good luck and thanks for the visits over the year:0)

nellie1973
27/12/2011
14:27
nellie1973 can i ask why your website don't work any more?



i found it very useful for what's been tipped and any broker updates, have you moved it to a new address or have you stopped updating it for good :(

sanks

jon

jon827
21/12/2011
18:45
Have now had a chance to review both the analysts presentation produced at the finals and the report and accounts released yesterday.

The analysts presentation is very professional and contains a lot of information for a company of this size. I wish a lot of larger companies would produce e.g. the "bridge" charts for turnover and profits in the way Avon does. Well done the FD and IR people!

What are the things which cught my eye?

- The addtional investment in the year. There's a good slide on this in the presentation which shows the cash R&D rising almost 3x
- Further development of the product range to make it modula (Project Fusion) should provide long term growth opps
- the balance sheet looks in much better shape but a lot of this is the reduction in the pension scheme deficit
- however, the increase in working capital at year end significantly reduced the increase in free cash flow, probably by a good £4m
- the reduction in the tax charge due to the utlisation of UK tax losses which gives a welcome but slighly artificail boost to EPS. That said, there's still an unrecognised UK deferred tax asset of £5.0m just rlating to losses
- the scale of the change in the business and culture which seems to have been achieved in the past 4 years - Richard Needham seems to have been that rare beast: a politician who has taken to being an NED - he should be given a lot of credit along with the new executive team.

All in all, this looks a very strong hold at least as we go in to 2012

18bt
20/12/2011
10:27
Clears the doubts raised last year about how secure the DoD business is. No minimum delivery specified but that's quite normal - unmitigated good news IMHO !
bluebelle
20/12/2011
10:23
Excellent value contract securing more revenue for many years to come, this following good recent results should push us past recent highs again.
nellie1973
20/12/2011
09:49
Avon is pleased to announce that it has received a 5 year contract from the Department of Defense (DoD) for the supply of spare filters for its M50 respirator. Like previous contracts for spare filters, the contract is an Indefinite Delivery Indefinite Quantity ("IDIQ") contract and has a maximum order quantity of 2.4m filter pairs per year and 12m filter pairs over the contract term. The contract also allows the DoD to extend the term by 2 further option years, potentially extending the duration to 7 years. An initial order has been placed by the DoD with a value of $2.5m for immediate delivery.

This new contract is in addition to the existing sole source $38m, 3 year IDIQ contract announced in August. Avon has also received a further delivery order against this contact with a value of $6.1m for delivery by 1 April 2012.

As expected, the DoD has chosen to dual source the procurement of spare filters and another source has also been selected for a 5 year contract award. The Directors believe that it will take up to 2 years for a comparable product to be developed and approved, after which orders for filters for the M50 mask will be competitively bid. The supply of filters with M50 mask systems will remain sole sourced to Avon.

Commenting on the news, Peter Slabbert, Chief Executive said: "We are delighted to have been awarded this new contract which confirms Avon's position as a supplier of consumable filters to the DoD for a further 5 to 7 years. The procurement of the filter for the M50 mask from another supplier was expected and we believe that our state of the art manufacturing capability, our existing technology advantage and the continuation of the sole source window for up to another 2 years will allow Avon to retain its competitive advantage. We are also committed to widening our capability and product range in the area of filtration to enable us to continue to grow this repeat revenue stream."

bluebelle
13/12/2011
07:46
Just had reason to review the new Edison research note post the finals. Their forecasts were upgraded slightly. Points out good rowth prospects for non DoD sales. Shares lok to be con solidating around 300p. May look to breakout of that in January.
18bt
30/11/2011
17:30
Profit taking probably!
gswredland
30/11/2011
16:49
Ouch! Well the market doesn't seem to agree today! What was that all about?
jeffian
29/11/2011
18:20
You're being a bit over-sensitive, Bluebelle. Nobody calls tyres 'rubber products' and all their expertise is in developing a variety of products from rubber, so the description seems fair enough! Happily, they've now focused on products with growing demand and reasonable margins and, although I've criticised management in the past for failures of timing and execution, we can now look forward to several years of profitable growth.
jeffian
29/11/2011
17:20
Very positive. A bugbear of mine but I wish they would drop that lazy journalistic shorthand 'rubber products manufacturer'. They haven't made tyres for best part of 20 years and although most of their products have a rubber element to them, the key similarity is that they are the product of high tech research and development allied to a clear product development and marketing strategy. On the other hand, in current market conditions maybe it's no bad thing to be seen as dull and boring as long as you're performing as this has ! I certainly like the dividend announcement. Other metrics very positive also e.g.low PEG, good cash flow, and good to see them increasing R&D also : it's paid off handsomely for them in the past.
bluebelle
29/11/2011
17:04
write up on tips.com.....

Richard Gill of the AIM & PLUS Newsletter writes: Rubber products manufacturer Avon recently reported a strong result for the year to September 2011, with pre-tax profits up by 44% at £10.2 million, earnings up by 66% and a doubling of the dividend. At the current 319p the shares trade at their highest level for more than 10 years! The outlook for the next twelve months is positive, underpinned by a 10 year contract with the US Department of Defence, and a 4% share of the US dairy vented liners market. On consensus forecasts for 28p of earnings in 2012 the shares trade on a multiple of 11.4 times, which I believe looks good value for a company which is expected to report a a circa 16% increase in earnings this financial year. BUY.


Zak writes: While until this week it has been a rather painful autumn to date for the stock market as a whole, the daily chart of Avon Rubber shows a quite steady performance. Indeed, the expectation for the rest of the year is that while there is no end of day close back below the floor of the 2011 rising trend channel / 50 day moving average at 297p the upside at Avon is expected to be as high as 380p price at the 2011 resistance line as soon as a 1-2 month timeframe.

angels share
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