Avon Protection Share Discussion Threads

[jeffian] 19/8/2021 19:06

To be fair, they were generating cash before the sale of the Milkrite business anyway.

"Never heard of the company before." As an Old Codger whose early motoring was largely done on Avon tyres, one of the biggest UK brands, that rather depressed me!

[r2oo] 19/8/2021 17:20

They had net cash from the sale of the milking side of the business then made a rather large acquisition of Team Wendy ballistic helmets.

[12toes] 19/8/2021 16:18

1948p Where is warrant buffet today ? We've just popped in to laugh at him BWAHAHAHA

[elsa7878] 19/8/2021 12:48

Never heard of the company before. Clearly some on here have been holding for years and seen it 20 or 40 x. Wow.
One thing I noted was that in the year ending Sept 2017 they had revenue of £165 million - about $220 odd million and an adjusted operating profit of £26 million.
Today revenues are expected to be around $250 million (so 10% upside from 2017) and adjusted operating profit is about the same as 2017. Interims x2 (as a rough guide).
In 2017 they had net cash of £25 million and now net debt of £30 million.
Begging the question why it is still at twice the price £20 v £10?

[jeffian] 19/8/2021 10:56

Yes, I think the fundamentals are good but the issue was always around the PER. In any share, you are paying today for tomorrow's profits and there is no room for error when the PER is very high. AVON's orders may only have been deferred, not lost, but in DCF terms the timing of cash received is as important as how much. Like r200, I have held for a long time (19 years for the original tranche!) and don't plan to sell, but I think realistically that, whilst profits may recover, the market will be wary of applying such a high rating in future.

[r2oo] 19/8/2021 08:16

Much of these delays and issues are short term, forward order book looks good and it's a well run company manufacturing essential products. I have held for over a decade and have been waiting for another buying opportunity, this is it.Just Need the dust to settle a bit and I'll be topping up.

[buywell3] 18/8/2021 21:57

Because of computer trading and algorithms , chart patterns form and do tend to form repeat shapes if one learns to look for them


Look for example what happened in December last

IMO we are now at the half way point --- similar to that two sage drop



dyor

[13toes] 18/8/2021 16:15

Warren buffer 73 how do you have the nerve to call yourself Warren buffer you loser Warren buffer 73 got bitten by a dead cat bounce LOLZ

[12toes] 18/8/2021 15:34

Now 1982 Warren Buffett 73 was boasting about buying on Friday - and was boasting about it Warren buffer 73 thought we was smart and was boasting about it And this bellend calls himself Warren buffet This is so funny you couldn't make it up BWAHAHAHA

[medieval blacksmith] 18/8/2021 14:19

"How can a loser like that call himself Warren Buffett"

Through the same way people like you are allowed on ADVFN.

[12toes] 18/8/2021 14:15

How can a loser like that call himself Warren Buffett Hilarious

[12toes] 18/8/2021 13:04

Now under 2000Warren buffet 73 boasted about buying in Friday Now sitting in a big loss And he has the nerve to call himself Warren buffet Warren loser more like BWAHAHAHA

[p1nkfish] 18/8/2021 12:24

Probably best to wait to confirm the turn and miss some of the initial profit potential to help de-risk. A bottom is usually only clear in a rear-view, untl then it could be tomorrow, next week, next month.

[walkernbudgie] 18/8/2021 12:00

And on the other side a buy or buys of 1m...

Is the consensus that this is a good company with fairly solid fundamentals, currently having to navigate short term issues not of their making? Can the management turn this ship around? I'd like to think this is a company with a future and that its worth investing in (or at least trading), though I am not sure at what price or when (though definately not today).

Possible relegation from FTSE 250 is a dark cloud on the horizon.
Be interesting to know when/if funds that shorted a couple of months ago exit and at what price.

EPS is a little scary for an investor, past performance and possibly a degree of over selling could be attractive to a trader. I think there will be an eager crowd waiting to reboard though their numbers and enthusiam is yet to be determined.

[bingaxu] 18/8/2021 10:11

Another 1m sell has just gone through.

[buywell3] 17/8/2021 21:41

One support level has just been broken


free stock charts from uk.advfn.com


dyor

[essentialinvestor] 17/8/2021 20:46

Multiple went to an incredible level, mentioned it on the SHA board a few
months back. I looked at this years ago and could not see a buy case, at the time
the share price was under £2 a share!.

Those who bought and held from around Q1 2010 are still up over 2,000% at
today's close, not including dividends. Anyone sensible sitting on large gains
would have had a stop loss triggered long before today. Some extraordinary money
has been made here. Not by me unfortunately.

[p1nkfish] 17/8/2021 20:25

They will be reducing as market cap falls, down to zero if ejected.
Don't know if there are any particular dates on which they reduce or if adjusted daily.

[18bt] 17/8/2021 19:14

Suspect index funds now selling as almost certain to be ejected from FTSE250.

[p1nkfish] 17/8/2021 17:00

rarely is anyone "happy".