Avon Protection Share Discussion Threads

[hoistman] 08/12/2020 18:40

A buying opportunity that's dropped 4.5% today alone?

[esther1975] 08/12/2020 13:19

So it looks good then, a buying opportunity esp as profits have increased by 27%

[discodave45] 08/12/2020 13:10

EstherThey have restated the 2019 numbers to reflect the divestment of Milkrite, adopting IFRS16 and the impact of pension equalisation adjustment.

[esther1975] 08/12/2020 13:00

I got the stats from this year's final results on advfn. They are supposed to be accurate, and they state last year's revenue was 128m

[jeffian] 08/12/2020 12:44

I make it a rule to never, ever rely on stats published on websites or in newspapers. They just don't have the time or resources to look behind the figures to take account of things like new share issues, acquisitions/disposals etc. The only verifiable sources of information are the published accounts or RNS. The figures reflect the sale of the Milkrite business. You're not comparing like with like.

[esther1975] 08/12/2020 12:43

Yes I see fuji99. Revenue for 2019 is 179.3 and this year it's 168, so can see that although profits are higher there may be short term squeeze. However when you read this year's results then they have revenue for 2019 as 128m. I think that's a tad naughty, but is a quality company

[slogsweep] 08/12/2020 12:43

Yes I couldn't understand them either were has the 10 fold increase in EPS come from or is it due to a disposal of milking business?

[discodave45] 08/12/2020 12:41

Restated Rev has increased. My concern is there appears to be no organic growth.

[fuji99] 08/12/2020 12:16

Esther1975 - Visit this on Advfn and skroll down to the 4 year results: - - -

[esther1975] 08/12/2020 11:37

Fuji99. I've checked the revenue and pre tax profits in their final results page and it has2020 rev 168m and pre tax profit of 28.2m2019 rev 128.4m and profit 22.2m.Therefore pre-tax profit increase of 27%.Where are you getting your figures from

[fuji99] 08/12/2020 10:23

I think the growth has stagnated a bit if one compares this and last year results. So IMO the share price will keep creeping down until its numbers start to show progress. I am sure this will happen with its rich portfolio of products and new companies.

[doc60] 04/12/2020 22:33

Nor me. Been on my watchlist for over 6 months but have not bought any because I keep thinking it can't go any higher!

[the patient investor] 03/12/2020 14:54

i bet in a week it will be back where it was. it always does it, i missed the rebound boat so many times



not a holder yet

[jeffian] 03/12/2020 14:13

Given it's more than doubled in a year and now trades on over 50x adjusted earnings, it's probably taking a breather! There's quite a lot of growth priced in at this level.

[the patient investor] 03/12/2020 13:47

why this constant drop? such a solid business with a great outlook?

confused

thanks

[slogsweep] 03/12/2020 08:38

Thanks Wildshot your search engine must be better than mine.

[robow] 03/12/2020 08:20

from Citywire this morning

Avon Rubber is transformed, says Peel Hunt

Avon Rubber (AVON), which specialises in respiratory protection equipment, has had a ‘genuinely transformationalR17; year, says Peel Hunt.

Analyst Henry Carver reiterated his ‘buy’ recommendation and target price of £50 on the stock, after preliminary results came in ‘bang in line with expectations’. The shares were down 3.9% at £44.45 yesterday at the time of writing.

‘The business is arguably now the global market leader in military and first responder critical personal protection products from the waist up,’ he said.

‘The scope for continued growth and margin improvement from the existing product base, new product launches, expansion into new territories and more value-enhancing mergers and acquisitions is huge.’

Two sizeable acquisitions and the disposal of the dairy equipment business ‘leaves the group streamlined and focused, with excellent prospects’, Carver added.

[wildshot] 02/12/2020 12:17

Slogsweep I found this with a quick search on the internet:

What is AQSE?
The AQSE is a recognised investment exchange, and currently operates two primary markets: the AQSE Main Market and the AQSE Growth Market. The Main Market. The AQSE Main Market is designed for larger, more established companies and is an EU regulated market.

[slogsweep] 02/12/2020 08:58

I see a lot of trades are AQSE what does that mean anyone?

[firtashia] 02/12/2020 08:52

Yep, sold out of these completely today as I couldn't fathom the results. Good luck to those who continue to hold.

[fuji99] 02/12/2020 08:34

The 2019 final results were 179.3 million with a profit of 14.7 million. They look higher than this year.

[18bt] 02/12/2020 07:31

Complex set of results which will need close looking at. But the dividend increase is spot on market forecasts and the tone strong.

[luderitz] 18/11/2020 20:56

What’s that Black Rock taking some profits on the 11th?

[robow] 18/11/2020 09:09

ah I see. Thanks

[18bt] 18/11/2020 09:04

I thought so as well but I see they revised the date to 2/12. See announcement on 6/11.