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AVON Avon Protection Plc

0.00 (0.0%)
06 Dec 2023 - Closed
Delayed by 15 minutes
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
  0.00 0.0% 790.00 46,787 16:35:18
Bid Price Offer Price High Price Low Price Open Price
790.00 798.00 803.00 788.00 789.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Rubber,plastics Hose & Belts USD 280.5M USD -14.4M USD -0.4759 -16.68 240.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:11:00 O 791 789.994 GBX

Avon Protection (AVON) Latest News

Avon Protection (AVON) Discussions and Chat

Avon Protection Forums and Chat

Date Time Title Posts
24/11/202310:09AVON RUBBER 20201,061
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
2023-12-06 17:11:13789.997916,248.85O
2023-12-06 16:45:08791.001,50011,865.00O
2023-12-06 16:45:08791.001781,407.98O
2023-12-06 16:38:27790.881,1198,849.92O
2023-12-06 16:38:26791.682982,359.21O

Avon Protection (AVON) Top Chat Posts

Top Posts
Posted at 06/12/2023 08:20 by Avon Protection Daily Update
Avon Protection Plc is listed in the Rubber,plastics Hose & Belts sector of the London Stock Exchange with ticker AVON. The last closing price for Avon Protection was 790p.
Avon Protection currently has 30,258,190 shares in issue. The market capitalisation of Avon Protection is £240,250,029.
Avon Protection has a price to earnings ratio (PE ratio) of -16.68.
This morning AVON shares opened at 789p
Posted at 24/11/2023 10:09 by simon gordon
IC Show - 24/11/23

Avon Protection, the Autumn Statement and quality US shares | The Companies and Markets Show

This week’s episode begins with a dive into Avon Protection’s recent figures with our deputy news editor Michael Fahy. To say the numbers were positive might be a stretch, but things could certainly be worse for the respiratory protection equipment specialist. As there have been many changes at the company in recent years and now activist investors are agitating for a sale, how should investors see the business?
Posted at 23/11/2023 10:05 by ch1ck
Very interesting that the price was marked as low as 719p yesterday but slowly climbed to be positive bay day end.I could not see any real,positives in the results, debt has doubled and they are unable to make a profit at a time when there products are in demand.The stupid mission statement sums up the management approach to turning the business around, lots of spin and no substance. The city is done with the underperformance and at the moment there is nothing to recommend the company
Posted at 13/10/2023 10:42 by kalai1
Avon Protection plc issued a trading update for the FY ended 30th September this morning. Full year trading was in line with the Board's expectations, as expected, trading in the second half of 2023 was stronger than in the first half, with order book growth and higher underlying earnings. H2 adjusted operating profit margin is broadly flat versus H1, the Group’s balance sheet is strengthening net debt-EBITDA on a covenant basis at the end of FY 2023 is expected to have reduced to around 2.0 times, compared to 2.6 times at the end of H1 2023. Valuation is decent if unexciting with forward PE ratio at 16.5x. However, share price remains in a longer run correction and lacks momentum. Monitor for now....

...from WealthOracle
Posted at 14/9/2023 14:32 by casholaa
Wake up Avon lady
Posted at 09/8/2023 08:19 by ch1ck
This is at its lowest point since October 22 with no positive action to drive the share price up. This so-called STAR STRATEGY. Is in my opinion just clever marketing with no substance and lacks time driven goals. It's just wishful thinking. 'Oh let's wish everything improves?' has not been bought by the city and why should they.ACTIONS SPEAK LOUDER THAN WORDS.
Posted at 30/7/2023 18:49 by ch1ck
The price of Avons shares have been in decline for some months and I think this week could be the time to buy. A buyer or buyer's has entered the market three times now around the 8 pound mark pushing the price higher.A number of defence companies announce results this week and I believe this will lift the sector
Posted at 17/7/2023 07:27 by ch1ck
Jeffian Just started to turn blue when this response from Avon arrived;Apologies for the delay in response to both your below email and to your question submitted via our website. We acknowledge and appreciate the concerns raised by Ancora in their letter, as well as any concerns by yourself and other all shareholders.However, I would like to reassure yourself that the organisation is fully engaged with the new STAR strategy announced at the half year results, and this combined with the new leadership team and organisation structure recently put in place, stands us in good stead to deliver on the improvements and potential that we see for Avon. Whilst we are more than happy to look into any suggestions you have regarding companies you feel would be a good fit for Avon, given the vast number of initiatives and priorities we are focussing on at the moment you will appreciate that any M&A is low on said priority list. Hopefully that answers some of your questions, and please do let me know if I can be of any further assistance.
Posted at 04/7/2023 13:53 by ch1ck
Jefian I sent the board a letter asking for an explanation of the share price collapse and still nothing
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.
Avon Protection share price data is direct from the London Stock Exchange

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