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
  40.00 2.0% 2,040.00 41,779 16:35:15
Bid Price Offer Price High Price Low Price Open Price
2,020.00 2,028.00 2,028.00 1,999.00 2,002.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 168.00 0.50 447.40 4.6 633
Last Trade Time Trade Type Trade Size Trade Price Currency
18:40:16 O 104 2,040.00 GBX

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Date Time Title Posts
15/10/202113:37AVON RUBBER 2020381
05/10/202122:59Avon calling - preparing to breakout1,026
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
2021-10-20 16:28:362,020.924138,346.40O
2021-10-20 16:04:182,015.103456,952.11O
2021-10-20 16:02:592,012.00480.48O
2021-10-20 16:02:142,003.29360.10O
2021-10-20 16:02:092,021.5847950.14O
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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 2,000p.
Avon Protection Plc has a 4 week average price of 1,782p and a 12 week average price of 1,725p.
The 1 year high share price is 4,650p while the 1 year low share price is currently 1,725p.
There are currently 31,023,292 shares in issue and the average daily traded volume is 94,944 shares. The market capitalisation of Avon Protection Plc is £632,875,156.80.
walkernbudgie: Its the direction of the share price that matters to most...
tole: Avon Protection problems are short-termAvon Protection (AVON) has put out two profit warnings this year but BlackRock Smaller Companies (BRSC) manager Roland Arnold believes the issues are short-term.The manager of the £1bn investment trust said the maker of respiratory equipment for the army and fire brigade, formerly known as Avon Rubber, had warned about delayed orders due to 'a combination of Covid-19 and supply chain disruptions'.In August, the company saw more than a quarter of its market value wiped out after announcing supply chain problems and staff shortages had worsened, leading it to issue a revenue warning for the current year.'Disappointingly, [the August warning was] the second warning this year. However, our view is that this is a short-term issue and ultimately these contracts will come through,' said Arnold. Shares in Avon have remained depressed in September and closed down 0.2% or 3p, at £19.79 on Tuesday.
clanger66: Remember this is being kicked out the Ftse250 which I feel has been a consistent weight on the share price recently. The changes become effective on the 20th Sept which is a week on Monday. I would expect that by the middle of next week the supply will dry up. The profit warning back in August driven by supply disruptions should be fixable and the positive order announcement earlier this week hopefully marks a change in fortunes for Avon.
rookieswingtrader2020: According to AVON prices I see on Google: 1,791.00 GBX mid-price at 1229 BST today, which is precisely half of the closing mid-price of 3,582.00 GBX at CoB Fri 16/04/21.
tex101: Seems to be some confusion about the PE ratio. I say USD44mill EBITDA is reduced by USD14mill Depn & Amort, USD3.5mill Finance Costs, and USD6mill taxation to give USD20.5mill net earnings. Using 31mill shares, I get 66c/share for year ending September 21. With cost savings coming through next year on a higher sales revenue (of USD330mill), I get after tax earnings of USD39.0mill (eps USD1.26/share) and with revenues of USD370mill for 2023, I get eps of USD1.71. Clearly, the projected 2022 & 2023 earnings/share (and the underlying revenue growth which is driving these calculations) would support some significant uplift in the current share price. BUT, the CEO got the 2021 H2 drastically wrong in his announcement three months ago and even crowed about how visible the H2 revenue streams were. How much credibility do you now want to place upon his 2022 and 2023 revenue projections? The market is right to be highly sceptical for now.
tex101: This stock could have a lot further to fall yet! The update issued on 13th August guides towards FY21 eps of only 66c/share which is nearly 30% down on previous year and implies that the additional USD38mill of yoy revenue was accompanied by an additional USD47mill of costs – hardly indicative of a stably growing business. The CEO would have us believe that there have simply been some unavoidable delays in delivering circa USD30mill of orders this year. If that was the whole story, next year’s revenues should benefit from those orders slipping over into FY22. But, instead of the CEO advising such (which would have increased consensus revenue guidance approaching USD390mill) a FY22 guidance revenue of between USD320-USD340mill has been offered – some USD50-70mill shy. And remember, this USD330mill revenue guidance is benefitting from that USD30mill slip over – without which revenue FY22 would only be guided at USD300mill. At GBP20/share it is trading on a 40+ PE ratio. With the current considerable uncertainties, it surely cannot sustain that rating – a slip towards GBP15 or even lower looks inevitable. At that level, it is then likely to slip out of the FTSE250 and forced tracker selling could then plunge it lower. I’m with pipeline1 here in believing that the rhetoric used alongside slide 12 in the half year webcast was grossly inappropriate. If the CFO had not already indicated his desire to leave AP, he would most surely now be invited to do so. This may still be a great company but, currently, there are too many uncertainties and, absent a bid development, the share price can only be headed south. Keep well away for now. DYOR.
jeffian: What eps are you guys using for calculating PER? I haven't seen any analysts' forecasts but the figures put out by Avon in their profit warning (sorry, 'Trading Update'!) suggest current year revenues of $252.5m (mid), $44.2m EBITDA and, say, $32m net profit = $1.03/share = 75p/share. That's around 25.75 PER. That should recover to £1-£1.25/share in 2022 (depending on whether they can get the profit margin back from 17.5% to the previous 22%) giving a 2022 PER of 15-18 presumably falling again in 2023 (I don't know what their 'previous guidance' for that year was). Given the uncertainties around solving the armour failure, supply chain issues and costs (if they are struggling to recruit staff), the market is unlikely to be forgiving in the short term and look too far ahead, but I would have thought the above (if I've got it right!) is a reasonably sound basis to support the share price around the current level and if they do recover to forecast figures by 2023, the share price should start to recover in due course. The other thing about this company, it has no debt and is cash-generative - a rarity in my experience.
essentialinvestor: 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.
bingaxu: Sharecast News) - Analysts at Berenberg slashed their target price on personal protection systems manufactureer Avon Rubber from 3,335.0p to 2,955.0p on Thursday, stating the group was now entering "a testing period".While Berenberg said it maintains its view that Avon Rubber is "a high-quality business with attractive medium-term opportunities", it also added that the company's interim results provided it with "few reasons" to change its "more cautious stance", with Avon remaining one of its "least preferred names for 2021".The German bank pointed out that a 65% second-half underlying earnings weighting was required to deliver full-year guidance, meaning that any further issues with the group's body armour contract could "meaningfully affect" 2022 estimates."The next major test for Avon will be in the coming months as it embarks on the next testing phase of its body armour contract. We are encouraged by the comments that a thorough review has been conducted following the testing failures announced last December with revised product designs to address the issue now finalised; however, we seek certainty that the upcoming tests are successful," said Berenberg."Any further challenges could result in a 10-15% cut to our 2022 estimates, which would likely also culminate in a derating of the stock."Berenberg also highlighted that a change of chief financial officer and deputy CFO had already disrupted the usual continuity."Shares have fallen 33% from highs to better reflect the near-term risks, but we require greater confidence in earnings before we can turn more positive," said the analysts, who reiterated their 'hold' rating on the stock.
bigbigdave: Avon Rubber (LSE:AVON) Intraday Stock Chart Wednesday 9 September 2020 Click Here for more Avon Rubber Charts. TIDMAVON RNS Number : 4021Y Avon Rubber PLC 09 September 2020 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION For Immediate Release AVON RUBBER P.L.C. PROPOSED ACQUISITION OF TEAM WY, LLC 9 September 2020 Avon Rubber p.l.c. ("Avon Rubber" or the "Company") is pleased to announce the signing of an agreement to acquire Team Wendy, LLC ("Team Wendy" or the "Business"), a leading supplier of helmets and helmet liner and retention systems for military and first responder markets, for US$130 million (approximately GBP100 million[1]) on a cash-free and debt-free basis, subject to a normalised level of working capital (the "Acquisition"). Strategic Highlights -- The Board believes that the Acquisition will be an important step in the strategic development of Avon Rubber as a leading provider of life critical personal protection systems to military and first responder markets. o Combining Team Wendy with Avon Protection's existing Helmets & Armor business will create a global leader in Military and First Responder helmets with a broader product portfolio and stronger capabilities and routes to market. o Team Wendy adds leading helmet liner and retention systems used by the U.S. Department of Defense (the "DoD") and established positions in Rest of World Military and First Responder helmet markets to Helmets & Armor which is focussed on next generation ballistic helmets and body armor for the DoD. o The enlarged helmet business will be better positioned for investment in next generation products.
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