Avon Protection Share Discussion Threads

[johndoe23] 30/10/2020 08:46

Not yet. Lower highs and lows at the moment, next support 3650p

[davidosh] 16/10/2020 11:16

The #MelloMonday BASH will feature Avon this month on the 19th October and I think shareholders and potential investors will appreciate the analysis.

The Mello Monday event starts at 6pm
The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets.



All investors welcome and if you use the code MMV5 you will get a half price ticket. Great investor content and entertainment. We had 329 investors attend last month so these are very popular.

[discodave45] 10/9/2020 11:03

Thanks for that.

[robinnicolson] 10/9/2020 10:05

Edison piece on the deal:

[gswredland] 10/9/2020 09:38

Agreed nchanning.
Am I right in assuming there is a strong over reliance on USA? Just a concern that if Democrats get in there maybe a cut on military spending.

[nchanning] 09/9/2020 12:03

Wonderful corporate activity here, have exchanged a low quality business at a high multiple for a high quality business at a lower multiple. Clearly more likely to find synergies and cross selling opportunities in this complementary business too than in Milkrite. Management have made all the right moves to turn Avon into a hidden champion over the last couple of years

[ramridge] 09/9/2020 08:34

This deal will add 56% to AVON's 2019 FY revenue. That's big.

[18bt] 09/9/2020 08:28

Suspect that there's some cost savings to be had. Not a very form commitment to keep jobs in Cleveland. It will continue to "operate from" its Clevland base. Sounds like non-operations may be integrated generating cost savings.

[ramridge] 09/9/2020 08:05

Seems a good deal all round. they are buying it for a 9.7 multiple of EBITDA, while AVON's current multiple is 28.
EBITDA margin of 30% versus AVON's 20%
Nothing said about NAV or target's profitability though.

[18bt] 09/9/2020 07:22

Looks a very sensible deal. Recycling the Milrite proceeds very quickly into an attractively priced complementary acquisition. It does however become evermore US focussed. I would expect share price to rise possibly sharply on this deal, but WDIK.

[bigbigdave] 09/9/2020 07:11

Avon Rubber (LSE:AVON)
Intraday Stock Chart

Wednesday 9 September 2020
Click Here for more Avon Rubber Charts.
TIDMAVON

RNS Number : 4021Y

Avon Rubber PLC

09 September 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION

For Immediate Release

AVON RUBBER P.L.C.

PROPOSED ACQUISITION OF TEAM WY, LLC

9 September 2020

Avon Rubber p.l.c. ("Avon Rubber" or the "Company") is pleased to announce the signing of an agreement to acquire Team Wendy, LLC ("Team Wendy" or the "Business"), a leading supplier of helmets and helmet liner and retention systems for military and first responder markets, for US$130 million (approximately GBP100 million[1]) on a cash-free and debt-free basis, subject to a normalised level of working capital (the "Acquisition").

Strategic Highlights

-- The Board believes that the Acquisition will be an important step in the strategic development of Avon Rubber as a leading provider of life critical personal protection systems to military and first responder markets.

o Combining Team Wendy with Avon Protection's existing Helmets & Armor business will create a global leader in Military and First Responder helmets with a broader product portfolio and stronger capabilities and routes to market.

o Team Wendy adds leading helmet liner and retention systems used by the U.S. Department of Defense (the "DoD") and established positions in Rest of World Military and First Responder helmet markets to Helmets & Armor which is focussed on next generation ballistic helmets and body armor for the DoD.

o The enlarged helmet business will be better positioned for investment in next generation products.

[lasata] 28/8/2020 07:38

How bullish is this news for share price?

[bigbigdave] 28/8/2020 07:36

28 August 2020

Avon Rubber p.l.c.

U.S. Department of Defense M61 filter contract

Avon Rubber p.l.c. is pleased to confirm the U.S. Department of Defense ("DoD") has announced the award of a dual source contract to supply replacement M61 filters for the M50 mask system.

Avon Protection will compete for each order of the $127 million contract over a duration of up to seven years, being a five-year base period plus two further one-year extension periods.

The contract and first order are expected shortly, with deliveries expected to commence in our 2021 financial year.

Commenting, Paul McDonald, Chief Executive Officer, said:

"We look forward to continuing to deliver the highest performing and highest quality respiratory protection to the U.S. DoD.

This award together with the M50 mask system sustainment contract announced in June, will further underpin our ongoing sustainable revenues from the U.S. DoD's installed base of over two million M50 mask systems

[gswredland] 26/8/2020 20:20

Yep looking really strong now

[discodave45] 26/8/2020 18:15

New 52 week high.

[babycheeky] 25/8/2020 12:32

Well done bigbigdave the problem is will discodave4 now posting as discodave45 stay away ?

[bigbigdave] 25/8/2020 12:29

Created a new thread free of bickering juveniles

[bigbigdave] 25/8/2020 12:28

!FOLLOWFEED

[babycheeky] 25/8/2020 10:27

Try to be a man dave.

[babycheeky] 25/8/2020 10:26

Tell us dave why do want to hide your past.

[babycheeky] 25/8/2020 10:26

Only the bad hide their past.

[babycheeky] 24/8/2020 23:23

I think you even believe your own tripe dave.

You are discodave4 so stop lying. Everyone knows who you are.

[discodave45] 24/8/2020 22:22

Sorry upfront for off topic.BC is one of the handles used by this premium poster that lost (and still losing) a fortune on CNA.A poster by the name DiscoDave4 (not me) shorted CNA and the premium/BC have decided to take it out on someone.

[babycheeky] 24/8/2020 22:11

dave was it your mum who told you to try and hide your past and then behave ?

dave your behaviour on CNA was disgraceful lad.