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Share Name Share Symbol Market Type Share ISIN Share Description
Avon Protection Plc LSE:AVON London Ordinary Share GB0000667013 ORD #1
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 0.2% 1,010.00 5,399 09:44:26
Bid Price Offer Price High Price Low Price Open Price
1,005.00 1,011.00 1,039.00 1,006.00 1,038.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 248.30 -35.60 -83.50 313
Last Trade Time Trade Type Trade Size Trade Price Currency
09:31:37 O 100 1,009.424 GBX

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Date Time Title Posts
27/1/202310:19AVON RUBBER 2020946
10/12/202112:40Avon calling - preparing to breakout1,045
13/2/201106:59Avon Rubber - the next Molins - doesn't make tyres stupid!222
20/2/200916:46PE of 8.8 and falling261
30/11/200610:05Update on Avon Rubber188

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Avon Protection (AVON) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:31:381,009.421001,009.42O
09:27:421,010.001021,030.20AT
09:15:091,012.00440.48O
09:12:051,007.0025251.75AT
09:12:051,007.0070704.90AT
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Avon Protection (AVON) Top Chat Posts

Top Posts
Posted at 06/2/2023 08:20 by Avon Protection Daily Update
Avon Protection Plc is listed in the Aerospace & Defence sector of the London Stock Exchange with ticker AVON. The last closing price for Avon Protection was 1,008p.
Avon Protection Plc has a 4 week average price of 980p and a 12 week average price of 979p.
The 1 year high share price is 1,404p while the 1 year low share price is currently 732p.
There are currently 31,023,292 shares in issue and the average daily traded volume is 61,077 shares. The market capitalisation of Avon Protection Plc is £313,335,249.20.
Posted at 26/1/2023 10:09 by ch1ck
Who the hell buys 1 share This is going nowhere at the moment.I'm getting itchy feet to move on which means it will probably pop
Posted at 21/12/2022 08:10 by botuney9
There's been Ancora involvement before.

Avon has a long journey ahead of it to recover.


Good to see the chair putting in £50k though.

Little else from other insiders though....


🙁

Posted at 21/12/2022 07:21 by conwyrebel
Is this the beginning of a takeover approach?

https://www.investegate.co.uk/avon-protection-plc/avon/holding-s--in-company/202212210700053972K/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Avon+Protection+PLC%20Alert

Posted at 08/12/2022 17:10 by conwyrebel
Exec chair picked up 5000 shares at 10.50 ish

https://www.investegate.co.uk/avon-protection-plc/avon/director-pdmr-shareholding/202212081700001250J/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Avon+Protection+PLC%20Alert

Posted at 08/12/2022 13:23 by conwyrebel
Jeffries just tipped Avon a buy. They have a neat new fund manager short positions feature too.::

stockomendation.com/tips/8-dec-22-jefferies-buy-avon-avon-protection

Posted at 07/9/2022 06:59 by conwyrebel
RNS below sounds like some progress finally.!

Avon Protection plc

("Avon Protection" or "the Group")

Order announcement and trading update

Avon Protection today provides the following order announcement and a brief update on trading in the second half of its financial year ending 30 September 2022.

The Group is pleased to announce the receipt of an order for c.380,000 pairs of M61 filters worth $15.1 million from the U.S. Department of Defense. Deliveries under this order are expected to commence in early FY23.

Trading in the second half of FY22 has improved in line with management's expectations as set out at the half year results in May. This is due to a modest improvement in mix in our respiratory portfolio and the commencement of body armor deliveries following achievement of full FAT approval, which partially offset the negative headwinds seen in H1. In addition, cost reduction activities continue to progress as expected. Overall, performance for the year on an excluding armor basis is predicted to be at least in line with market expectations.

Following Paul McDonald's decision to step down as CEO at the end of September, which was announced in May, the Group can confirm that the search for his successor is making good progress.

Posted at 05/9/2022 10:25 by jeffian
I have been a long-term holder of Avon all through the process of transforming from a rubber-products company to the defense-based company they are today. They managed to make a meal of setting up the production of the protective equipment with late factory opening and supply-chain issues but, when it all came on stream eventually, all went well for a few years and the share price soared. Then came the fiasco of the acquisiton of the body-armour unit from 3m which, frankly, looks as if they were sold a pup and must have done so much reputational damage. The failure of life-saving equipment must surely impact on customer confidence across the range. Then, with the headwinds of Covid and consequences of war on components and supplies, headwinds arose again and management just doesn't seem able to adapt and cope.

I still hold my shares (quite a lot!) on the basis that the 'fundamentals' must be right, but whether this is the management to deliver, I have my doubts.

Posted at 09/3/2022 15:03 by lomcovaks
Recent good article in the Chronic Investor -


Could Avon Protection go the way of Ultra Electronics?
A new US contract could provide reassurance over the relationship with the US Department of Defense
Could Avon Protection go the way of Ultra Electronics?
February 10, 2022
By Taking Stock


Midway through 2020, Avon Protection (AVON) hived off its Milkrite InterPuls business to DeLaval Holding for around £180mn on a cash and debt-free basis. Bosses had determined that a move away from the production of artificial ruminant teats would enable the group to become further entrenched in military and first responder markets, aided by an intensified focus on respiratory and ballistic protection. They may have had a point. Military contracts are generally predictable, multi-year affairs, providing greater clarity on sales and cash flows. Higher-tech kit usually generates decent margins and the US military doesn’t usually scrimp on protective gear for its service personnel.

The Wiltshire-based group has been trading for 137 years, ironically coming into existence in the same year that Gottlieb Daimler was granted a German patent for his single-cylinder water-cooled engine design, and King Leopold II of Belgium established the Congo Free State as a personal possession, both of which were highly significant developments for the rubber industry. At various points along the way, Avon has manufactured everything from conveyor belts to diving suits, so the move could be viewed as part of an evolutionary process – companies have always repurposed their manufacturing capabilities to suit end-markets. And you could even say that Avon’s central input over the years had provided a degree of flexibility.

Avon has determined that its growth prospects are best served by the military alone, but in the age of specialisms it’s sometimes worth remembering that having different products can spread risk between markets. At the end of last year, the board took the decision to shut down the body armour business following news that its Vital Torso Protection plates had failed initial US Army tests.

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The closure fed through to a $46.8mn (£35.3mn) impairment in its full-year 2021 accounts, and a consequent net earnings loss, so the shares duly headed south. You can now pick them up at about a third of their 12-month high of 3,660p recorded in April 2021. Nonetheless, it would be dishonest to suggest that the decision to streamline the business model was wholly ill-conceived, especially given that it came on the heels of two new contracts from the US Department of Defense worth in the region of $66mn.

The Milkrite InterPuls arm had generated 28 per cent of sales in the group’s half-year results published shortly before the decision to divest. It also accounted for the entire statutory half-year operating profit of £3m, after the Protection segment was lumbered with increased depreciation and amortisation charges. Perhaps the rationale may become clearer when you consider that the Protection order backlog was 22 times larger than that of the dairy-supply business, although that is largely attributable to the nature of the typical contractual arrangements for both segments.

Whatever the reasoning behind the move, it has been a sobering experience for investors. But respite is at hand – or at least partial respite. Avon Protection has announced the award of a contract to supply the US Defense Logistics Agency with the second-generation Advanced Combat Helmet. It is worth a maximum of $204mn over a five-year period, being a one-year base period with a maximum value of $46mn plus four further one-year extension options. As mentioned, the typical long-dated nature of these deals is certainly a plus point, and analysts at Jefferies believe that it “will also (hopefully) put to bed any concerns that investors will have surrounding Avon's relationship with the US Department of Defense”. The broker does not expect any change to consensus, but the contract “helps to underpin longer-term forecasts”.

If anything, the failure of the Vital Torso Protection plates could highlight the dangers of being a small fish in a very capital-intensive pond. It is not as if the likes of BAE Systems (BA.) and Lockheed Martin (US: LMT) don’t botch defence contracts from time to time. Yet they are better able to wear set-backs simply due to their scale – not too many eggs in one basket, to mix in another unwanted metaphor.

Jefferies may be right about investor perceptions over Avon’s relationship with the Pentagon, but that could open it up to the attentions of bigger pond dwellers. The recent experience of Ultra Electronics (ULE) and, indeed, Cobham before it, show that UK contractors remain on the menu. Avon’s share price cratered once doubts over body armour business emerged, but it closed out FY 2021 with net cash (ex-lease liabilities) of $26.8mn and a residual order book of $117mn. You have got to imagine that it’s in play.

Posted at 16/2/2022 10:28 by ch1ck
This is the reply I received from the CFO today. Which is full of detail and hope is helpsThank you for your follow up questions regarding the share buy-back, which I have attempted to answer as follows. Given our immediate priorities of closing the armor business and reshaping the group around our core respiratory and head protection businesses, we have announced that we do not intend to initiate any major merger and acquisition activity in 2022. Given the strength and cash generative nature of the core business and our strong balance sheet we have concluded that a share buyback is a good use of the cash we expect the business to generate whilst M&A is off the agenda. The principle behind a share buy-back is that it reduces the number of shares in issue increasing the proportion of the business owned by each share thereby resulting in the earnings attributable to each remaining share increasing. All things be equal this increases the value of each share. Of course, on a given day or short period of time, there are many other influences on the share price, such as other news relating to the company, other similar companies, and the economy in general, so it's not possible to disaggregate all those influences. A buy-back also has the secondary benefit of allowing holders who are looking to exit, a liquid market to sell their shares into and thus decrease any "overhang" of stock which would depress the share price in the short term. Based on the current share price, the $25 million share buy-back programme should improve our EPS by c. 4 – 5%, which in theory should convert through into a share price rise of the same level. Given that in will take c.6 months to complete the share buyback the 4-5% increase will be achieved over the same c. 6 month period. As such the SBB will not result in a dramatic discernible move in share price in the short term or on any particular day. I should highlight that U.K. listing rules limit the number of shares we can by to 25% of the daily trading and put a ceiling on the price that can be paid of 105% of the average price over the last 5 days. It is these rules that are determining the level of shares bought on a daily basis and which drive the estimated 6 month period to complete the programme. More generally, the driver for delivering shareholder value is for us to continue to grow the business, with the contract win of the Advanced Combat Helmets for the US military, announced last week, an excellent step forward. As we continue to deliver growth across our portfolio and demonstrate we can deliver on city expectations for the core business, I expect this to be the main driver increasing share price.
Posted at 13/11/2021 22:25 by buywell3
On the 7th Aug 2019 AVON announced buying 3M's armor business

7 August 2019

Avon Rubber p.l.c.

("Avon Rubber", the "Company" or the "Group")

Agreement to acquire 3M's Ballistic-Protection Business


Here is a chart from that date


free stock charts from uk.advfn.com


Other orders followed in March of 2020 and the chart rise took off

25 Mar 2020 7:00 am
RNS Avon Rubber PLC (AVON) U.S. Defense Logistics Agency Body Armor Contract

2nd Mar 2020 7:00 am
RNS Avon Rubber PLC (AVON) U.S. Army Body Armor Contract Award


---------------------------------------------------


The 3rd profit warning should imo come when a revised announcement is made ---- which is expected to be in early December ---- ie in 3 weeks as of now and will it say:

AVON will exit the armor business -- or bite the bullet and carry on spending to get things sorted ?

Has the bounce gone out of AVON rubber and will heads roll if an share price rebound is not forthcoming ?

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