Avon Protection Share Discussion Threads

[valuehustle] 07/6/2018 17:00

Very nice day

[monions01] 03/5/2018 09:44

Walbrock - report dated "2th May"??

[walbrock82] 03/5/2018 09:35

Avon Rubber has been a good business for shareholders in the past decade. Over that period, the share price must have risen close to 3,000%! And the company appears to be fairly valued.

Avon’s dividend yield is below 1% and due to rising valuation and management adopting a cautious dividend policy. Management is building up their cash reserves which will support the valuation.
However, earnings growth, especially EPS will grow by less than 5% p.a. and this means on Avon’s PE multiple of 20 times value on the high side.

Avon shares could rise further if the sector rises.

Realistically, in the medium term, investors should wait for a lower valuation of around £330m-£360m or £10 per share because it compensates for the risk of zero earnings growth.

For more on Avon, Accsys and Sage, click:

[jeffian] 02/5/2018 17:59

RE previous comments on the divi, (see #645-651), nice uplift but still very modest in relation to eps, meanwhile the cash pile builds up in the bank. C'mon AVON, give us a Special Divi (or increase the payout rate).

[slopsjon2] 02/5/2018 09:15

Two notes out today

Edison
Avon Rubber’s H118 report demonstrates the strength of the group’s new
strategy in action. Success is evident in the enhanced product portfolio
and order progression is building visibility and supporting medium-term
growth. Given the group’s exposure to the US, the FX headwind was
visible in H118. Management maintained its guidance for FY18
underpinned by end market opportunities and new product deliveries.

Avon Rubber’s H118 report demonstrates the strength of the group’s new
strategy in action. Success is evident in the enhanced product portfolio
and order progression is building visibility and supporting medium-term
growth. Given the group’s exposure to the US, the FX headwind was
visible in H118. Management maintained its guidance for FY18
underpinned by end market opportunities and new product deliveries.

N+1 Singer HOLD
Do not anticipate making significant changes to their forecasts except for the recent disposal of AEF.

[mammyoko] 02/5/2018 07:59

ok results

[startshare] 09/4/2018 15:29

Look at the trades. Very good volume.

[robow] 04/4/2018 08:46

from Citywire

Avon Rubber sale gives M&A firepower, says Jefferies

Avon Rubber (AVON) has sold its subsidiary Avon Engineering Fabrications, which Jefferies says strategically ‘makes a lot of sense’ and increases the scope for mergers and acquisitions (M&A).

Analyst Andy Douglas reiterated his ‘buy’ recommendation and target price of £14.05 on the stock, which rose 2.4% to £13 yesterday.

‘Avon Rubber has announced the disposal of its Avon Engineering Fabrications business for $9.3 million,’ he said. ‘The future of this business has been up for debate for a while and strategically, makes a lot of sense. The disposal further increases management’s balance sheet firepower, which we expect to drive M&A over time.’

Douglas added that the sale was ‘a sensible tidying of the group’s portfolio’.

[9degrees] 03/4/2018 15:46

jimmy better buy a gas mask then !! Help the sales push

[jimmygee2] 03/4/2018 14:48

It's so close, I can smell the breakout

[jeffian] 16/3/2018 09:01

Aye, when Armageddon comes we can burn our share certificates to keep warm in the nuclear winter!

[9degrees] 16/3/2018 08:58

avon could do well supplying gas masks in the upcoming Cold war

[jeffian] 13/3/2018 08:59

Thank you, Jo Moore.

[18bt] 13/3/2018 08:03

Good background to a capital markets event today and the subject matter to be covered.

[tdog1975] 09/3/2018 12:34

Will it break out today, it's trying and a plus 13 finish is on the cards

[9degrees] 08/3/2018 09:26

are those Avon masks being used in Salisbury for the nerve agent attack on the Russians ?

[grecian1] 16/2/2018 11:23

Mm probably have a big order to fill trying to rattle people. Saw a similar things last time what big us defence contract awarded. Soon crept up to 1300p

[martinthebrave] 16/2/2018 09:38

Almost back towards the early January lows. I would expect it to bounce from there but any close below 1160p would be a concern. Fundamentals seem strong.

[startshare] 16/2/2018 09:08

Don't understand the recent drop!

[grecian1] 05/2/2018 10:33

What's going on here? Big drop in price, do we think they are filling a ii order?

[invincibles] 18/1/2018 18:50

We are the Invincibles, and we are here to serve you better, we are pro in all form of hacks and available for hire, we help in securing company websites, hack any form of social media, we are available for any special project but all hack must come with a reasonable proposal as we don't just accept any hack without a legit or legal reason. You can reach our website to read more and hire us. We are invincibles, we keep our words.

[jeffian] 18/1/2018 17:52

But the key word there is "translational" (that is, the effect of converting $ earnings to £ for statutory reporting purposes). As long as both costs and revenues are incurred in the same currency and cash profits are not actually converted to £ and returned to UK, then profitability is unaffected.

[mammyoko] 18/1/2018 17:17

Would be careful of the currency impact here. The latest annual accounts state 'The Group has translational exposure arising on the consolidation of overseas company results into Sterling. Based on the current mix of currency denominated profit, a five cents appreciation of the US Dollar increases revenue by approximately £5.0m and operating profit by approximately £0.7m. A five cents appreciation of the Euro increases revenue by approximately £0.5m and operating profit by approximately £0.1m.' The dollar has fallen by about 5c since the end of the previous financial year implying a £5m revenue headwind and a £0.7m hit to the bottom line.

[valuehustle] 14/12/2017 19:56

Hi All, Long time viewer, firat time caller. Aiming to be a long yerm holder here. Have calculated fair value at to £14.04 to £19.14. Excellent looking company. hTTps://twitter.com/valuehustle/status/937741294264299520