Avon Protection Share Discussion Threads

[the patient investor] 17/12/2020 14:19

whoever gave me a thumb down

poor sod

[cashstrapped] 17/12/2020 14:10

The rest of the update looks positive. It's a delay not a cancellation. Always been expensive. One for the long term this will look cheap by next Summer. Famous last words.....

[suetballs] 17/12/2020 11:59

Interested at this level - but will monitor over the xmas period.
Suet

[jeffian] 17/12/2020 11:21

The trouble is, as I've said before, it has been trading at a pretty heady PER for a manufacturing company (around 50x) which is pricing in a lot of growth, so if part of that growth is deferred or lost, you would be paying for nothing. It was bound to fall.

As others have noted, the price movement between the beginning of December and today is "interesting". One might have though it would attract the attention of the FCA, but I won't hold my breath.

[the patient investor] 17/12/2020 11:09

Ask this:

Was the news worth a 20% drop?

No

In at 31.0 with 10k

[netcurtains] 17/12/2020 09:21

i bought a few. Could bounce up a bit. Who knows.
Tipped by fool only a few days ago too.

[clanger66] 17/12/2020 09:10

At 3,000 and below it was a massive over reaction (in my view). With Jefferies suggesting a 20% drop in earnings as suggested earlier in this thread then consensus eps goes to 112.6At current price it moves to a 29x multiple, which while high you have to consider if this is just a temporary setback or something more sinister.

[oa92] 17/12/2020 08:58

Bit of an overreaction. Nothing lost nothing gained, yet.

[clanger66] 17/12/2020 08:49

I agree with you Slogs that clearly someone was aware of the impending announcement and no doubt the regulator will do nothing. I've been a long term holder and so watch the price movement quite carefully and could not understand why it was being so badly punished after the recent results. Clearly I can see why now.

[slogsweep] 17/12/2020 08:27

News was leaking obviously, chart told us something was up too much else going on to take notice happens in turbulent times, that's why the BOTs have such an advantage they can monitor everything in real time. I could do with 10 clones of me to do all the work.

[mattboxy] 17/12/2020 08:13

Now is your chance

[investographer] 17/12/2020 08:12

Apologies, from Daniel Coatedworth who also addsJefferies suggests potential 20% cut to the consensus forecast for Avon Rubber's FY21 pre-tax profit and EBITAAnother company that sees a steady drop in share price prior to poor news being released (same as LOOP.

[manics] 17/12/2020 08:09

Don't just rip his content, at least credit the man imo.

[investographer] 17/12/2020 07:59

Not a good day to be owning Avon Rubber shares - a highly rated stock delivering earnings disappointment normally spells a big drop in the share price.Contract delays will certainly trigger earnings downgrades

[gswredland] 16/12/2020 13:12

Yep looking to add as well

[hoistman] 16/12/2020 12:09

Yea agree
Now looking at getting back in hoping for a long term hold here

[johndoe23] 16/12/2020 11:47

I would say this is a decent ish buying opportunity at this level...

[hoistman] 08/12/2020 19:48

I so want to buy back into Avon,but every time I buy any down they go, I'm the kiss of death for profit lol.
I'll keep an eye on it but its a bit expensive for me above 3780,I can wait there's
plenty of fish in the sea.
ASHSTEAD comes to mind as a replacement plenty to come there.

Happy Fishing

[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