Avon Rubber Dividends - AVON

Avon Rubber Dividends - AVON

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Avon Rubber Plc AVON London Ordinary Share GB0000667013 ORD #1
  Price Change Price Change % Stock Price Last Trade
-15.00 -0.37% 4,070.00 12:47:03
Close Price Low Price High Price Open Price Previous Close
4,070.00 4,120.00 4,095.00 4,085.00
more quote information »
Industry Sector

Avon Rubber AVON Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

davidosh: The #MelloMonday BASH will feature Avon this month on the 19th October and I think shareholders and potential investors will appreciate the analysis. The Mello Monday event starts at 6pm The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets. Https://melloevents.com All investors welcome and if you use the code MMV5 you will get a half price ticket. Great investor content and entertainment. We had 329 investors attend last month so these are very popular.
robinnicolson: Edison piece on the deal: hTTps://www.edisongroup.com/wp-content/uploads/2020/09/Avon-Rubber-Reinvesting-milk-money-in-head-protection.pdf
nchanning: Wonderful corporate activity here, have exchanged a low quality business at a high multiple for a high quality business at a lower multiple. Clearly more likely to find synergies and cross selling opportunities in this complementary business too than in Milkrite. Management have made all the right moves to turn Avon into a hidden champion over the last couple of years
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.
bigbigdave: 28 August 2020 Avon Rubber p.l.c. U.S. Department of Defense M61 filter contract Avon Rubber p.l.c. is pleased to confirm the U.S. Department of Defense ("DoD") has announced the award of a dual source contract to supply replacement M61 filters for the M50 mask system. Avon Protection will compete for each order of the $127 million contract over a duration of up to seven years, being a five-year base period plus two further one-year extension periods. The contract and first order are expected shortly, with deliveries expected to commence in our 2021 financial year. Commenting, Paul McDonald, Chief Executive Officer, said: "We look forward to continuing to deliver the highest performing and highest quality respiratory protection to the U.S. DoD. This award together with the M50 mask system sustainment contract announced in June, will further underpin our ongoing sustainable revenues from the U.S. DoD's installed base of over two million M50 mask systems
hawaly: The Armed Forces are "Sticky" - in a past life I was an NBC (Nuclear, Biological and Chemical) Instructor. The forces won't change horses with this type of kit. Avon once used to make the road wheels for APCs and MBTs - probably the trackpads too. Happy days..... GLA 😎 (Armoured Personnel Carriers and Main Battle Tanks ....)
bigbigdave: Nice 10 year contract......... Avon Rubber is pleased to announce that Avon Protection has been awarded a 10-year contract by the NATO Support & Procurement Agency to supply FM50 mask systems, powered and supplied air systems, filters, spare parts and accessories. Avon Protection anticipates receiving the first order under this contract shortly, with initial deliveries contributing to our expected Rest of World Military revenues for the 2021 financial year. Commenting, Paul McDonald, Chief Executive Officer, said: "I am delighted that Avon Protection's world leading expertise in respiratory protection has been recognised by NATO through this contract award. This contract award reflects continued delivery of our strategy to further broaden our customer base and maximise the value from our current portfolio. We are looking forward to partnering closely with this valued customer and supporting the wider NATO alliance." Https://www.londonstockexchange.com/news-article/tidm/headline/14658363
clanger66: Fuji the numbers you cite there are for the year ending Sept 2019. Since then the company has completed on its acquisition of 3M's ballistic protection business which delivered $85.4 mill revenue and $10.8 mill of EBITDA in the year ending Dec 2018 so you have to add your expectations for this business in. Plus you need to take into account the divestment of Avons milk business so there are a lot of moving parts. I don't think Avon is expensive at the moment considering its quality.
jeffian: I am pleased that they have based their dividend decision purely on financial performance. One of the unfortunate side-effects of the current pandemic is that dividends have been 'politicised', with many companies who are willing and able to pay deciding to defer or cancel dividends for political reasons. It may be understandable in the case of those companies which are using taxpayer support (e.g. furloughed staff) but there are other cases - e.g. the supermarkets - where they just seem a bit embarrassed about doing well when others aren't. I hope things revert to normal when the pandemic is over, but it sets a rather worrying precedent. In the meantime, well done Avon!
jgunnsm2: Just looking at Goldman Sachs forecast of 15% unemployment in the US. That is going to a huge federal budget bill. In 2018 (I have not got 2019) social security budget $982 Bn. Assuming 5% unemployment if this is to rise to 15% then the unemployment cost is an extra $2Tn. The Defence spending described as discretionary was $623Bn and about 25% of that was procurement. One would think the defence procurement budget would likely to be cut deep for 2021 and beyond. Some military equipment and hardware might have a lifespan so have to be replaced. If I was able to speak to Avon Rubber I would like to know how much of the equipment they supply has a shelf life and to what date. Looks to me the US Peace Dividend is going to be large and how much that will affect Avon and the timeline is beyond my intel but I would want to know more details to help make a detailed investment judgement. What I do know from various presentations is that 90% of the new ballistics division is to the US military and Masks is about 65% but for my purposes will assume all markets will have a peace dividend. Current medium term outlook for revenue per annum for the masks piece is around $85M to $120M. New ballistics is $85M. Milk is about $50M. If military procurement is cut by 50% and all lines equally affected medium term revenue could be between $135M to $170M assuming milk is a constant. Sharecast has revenue £266M and profit £45M for year ending Sep 2021. If revenue was to be $170M for 2022 as a result of the peace dividend we are looking at a forward PE of roughly 30 at today's market cap and above 40 for revenue at lower estimates. Anyone have more information on Avon Rubber or share thoughts?
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