Avon Protection Share Discussion Threads

[conwyrebel] 06/4/2022 22:02

So you mean ripe for takeover

[chachacha] 06/4/2022 20:30

Today's so-called leaders have no shame.

[dixienormas] 06/4/2022 20:00

Worst management team I've seen in a long time. It's a shame. Should have stuck to the cows. I'll revisit this company when a new board is all settled in

[justiceforthemany] 06/4/2022 15:06

If the CEO has any shame he will resign NOW.

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[ch1ck] 06/4/2022 15:02

No wonder no management bought shares even though the out look was apparently looking much improved I will ask the management to explain how this is once again a surprise announcementPatience has run out

[ch1ck] 06/4/2022 14:57

Appalling The CFO WILL HAVE SEEN THE RUN RATE ON COSTS months ago and this Should have been passed to the boardWeather this was done we will never know as he has jumped ship. Months worth of gains wiped out in a moment

[buywell3] 06/4/2022 13:44

Buybacks much cheaper today note

1st tranche was for 9.25M pounds worth by 30May also note

Do the maths

[bigbigdave] 06/4/2022 12:17

Looks like I put a curse on this by creating a new thread in August 2020!
No position.

[davidro77] 06/4/2022 12:15

Ukraine should be a positive for Avon but they've managed to turn even that into another self inflicted wound. I mean you couldn't make it up right? They launch a buyback and then deliver a profit warning 2 months later? Just smacks of mgmt incompetence, heads should roll amongst whoever signed off that strategy and did the forecasting. Everybody knows a warning is the action of last resort so somebody seriously messed up their forecasting here. Can you have any confidence that there are no further skeletons waiting to emerge that is the question

[jackdaw4243] 06/4/2022 12:09

Oh dear, do I add before the bounce back tomorrow or is there more to come ?

[terminator101] 06/4/2022 12:06

Uninvestable

[kemche] 06/4/2022 11:50

"Their ability to shoot themselves in the foot is becoming extraordinary."

If only they had some effective body armour.

[conwyrebel] 06/4/2022 11:08

It has a big fat takeover tgt on its back which is why I doubled down

[jeffian] 06/4/2022 10:55

There is an issue with management here. As a long-term holder, I remember the delays in getting the US factories set up with profits being 'pushed back' period after period. Although we then had a sweet period as production and supply of helmets to the US Army ramped up, they then blew it again with the disastrous acquisition of the body armour business. They were either legged over on that deal, or didn't do their Due Diligence properly. I don't remember any heads rolling for that. Now we have -

"Profitability has however been impacted, in broadly even proportions, by a weaker than expected sales mix in the first half and additional manufacturing costs, notably in the helmets business,due to supply chain and process inefficiencies."

Well doesn't that come down to management again? These guys should be called to account and the main shareholders should push for change. We need someone who can actually run the business better.

[farrugia] 06/4/2022 10:51

you can't expect these shifts to happen in 6 months. At best the world is entering a new cold war era - if even Germany which army is in a 'sorry' state is re-arming - where does that leave the rest of Europe? My modus operandi in these market conditions is to buy 'cheap' and that's what I've been trying to do.

[farrugia] 06/4/2022 09:45

i've been buying

what you are missing fuji is that we have entered a new era....

all Nato countries will now be looking into injecting money to moderniza their armies.

[fuji99] 06/4/2022 09:45

Avon Protection shares tumble after profit warning

Wed, 6th Apr 2022 08:11

(Alliance News) - Avon Protection on Wednesday warned of lower-than-expected annual earnings after a soft start to its financial year.

Trading in the six months to the end of March saw a continuation of some of the challenges seen last year, it said, but with performance accelerating through the second quarter.

"Order intake was, as expected, lower than the comparable period last year reflecting a very strong first half in 2021, but, following the events in Ukraine, enquiries remain robust giving us confidence in order intake for the second half and beyond," said Avon.

However, the personal protection company said half-year profit was hit by a weaker than expected sales mix and additional manufacturing costs, particularly in the helmets business, due to "supply chain and process inefficiencies."

Profitability is expected to improve in the second half versus the first but still not offset the weakness seen in the first six months of its financial year - and, as a result, full-year underlying earnings will be below previous expectations.

"The board expects Ebitda margins to recover progressively through the second half of the financial year and beyond, with the extent of this improvement in part dependent on the quantum and timing of incremental orders. Looking forward into FY23, the group's profitability will benefit from the improved FY22 exit run-rate and the full year effect of the cost savings," the firm said.

Shares were down 18% in early trading and have fallen 67% over the past 12 months.

[fuji99] 06/4/2022 09:34

Very disappointing indeed. Took a few pennies of profit and got out. If they cannot make money in the midst of a war when will they ? This is my question. I think they are probably in some sort of turmoil.

[p1nkfish] 06/4/2022 09:21

What did you expect?

There is nothing in there that should have been much of a surprise.

Forward look is good, be a contraband, its a buy for the results 18 months + down the line.

Note the low vs previous lows. Not as bad currently.

[18bt] 06/4/2022 08:41

Their ability to shoot themselves in the foot is becoming extraordinary.

[undervaluedassets] 06/4/2022 08:41

Brut, I agree.

Everything about the outlook statement read like a buy to me.

And that is not taking into account the inevitable building of military inventory by NATO members in the wake of this dreadful war.

[brut winky] 06/4/2022 08:29

Picked a few up for the long-term, all the bad news looks in the price.

[justiceforthemany] 06/4/2022 08:26

WHAT DID I SAY JUST THE OTHER DAY?
DID NOT EXPECT THIS TO RING TRUE WITHIN A COUPLE OF DAYS THOUGH.

[jurgenklopp] 06/4/2022 08:24

Hopeless BOD !!!