Avon Rubber Share Discussion Threads

[clanger66] 05/8/2020 08:58

Biggish print gone through this morning, would be nice if its this persistent seller cleared.

[bigbigdave] 04/8/2020 18:40

Nice recovery, hopefully the bottom in.

[clanger66] 04/8/2020 15:01

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] 04/8/2020 14:44

Aye, that's what I thought when it was £4.50! 8-( (Luckily, I kept half)

[fuji99] 04/8/2020 14:13

An excellent company but it is really too expensive. In the midst of a pandemic where money is tight and economies in tatters, it is very difficult to justify a market cap of almost 1 billion for a turnover of just 170 million and a profit 13.7 million - Turnover almost a tenth of its market cap. This is considered a faultless growth stock which means that any hick up in expectations will trigger a ruthless correction. So IMO it does not justify its share price as it is. I am patiently waiting for it to correct at decent levels.

[johndoe23] 04/8/2020 12:23

Support 1 at around 3000p

[gswredland] 04/8/2020 11:15

Long term holder as well If it can drop near 3000 I’ll add to

[bigbigdave] 04/8/2020 09:54

Annoying fall, suspect recent seller still at large, added a few more.

[mrbriteside] 13/7/2020 18:43

Think NATO. Think Finnish gov. Think Norwegian gov Think 100m euro contract. Think re-rate.

[robow] 13/7/2020 18:26

Peel Hunt's new target price of 4400p from 3300p

[discodave45] 09/7/2020 21:54

Will say it again.....no stopping this.Had mixed feelings about offloading Milkrite, had decent margins and provided diversity, but hey!.

[discodave45] 06/7/2020 18:41

No stopping this!

[ayl30] 02/7/2020 19:42

Buy tip in this weeks IC

[jeffian] 02/7/2020 09:58

Aye, it seems to be well received. Although it is an entirely understandable strategy to focus on one speciality - protection equipment - part of me regrets the loss of diversity. As a one-trick-pony they are now heavily reliant on Government spending (particularly US) and, therefore, politics. Anyway, WDIK?

[18bt] 02/7/2020 09:49

Looks an excellent price and the market seems to like it - all time high.

[ayl30] 29/6/2020 07:18

Rns, good news again today

[discodave4] 27/6/2020 17:17

Yep, and more to come no doubt.

[ayl30] 24/6/2020 07:16

Good slug of business confirmed for next 5 years in today's rns

[discodave4] 20/6/2020 12:07

Was this tipped yesterday somewhere?

[discodave4] 17/6/2020 18:56

Do need to average up at some point, so a dip below 30 would do me.

[discodave4] 09/6/2020 18:46

Perfect timing!

[discodave4] 04/6/2020 14:44

Do they supply the US justice/police departments?

[discodave4] 29/5/2020 18:54

It is getting frothy but have seen some cyclical stocks virtually recovered back to their 52 week highs even when they have forecast reduced earnings for their current FY and with not so positive outlooks.Guess at the moment people are happy to pay top dollar for what this offers during the current climate.......perhaps even more so than they were before and this traded on a PE of 33.5 last year so who knows!.

[fuji99] 29/5/2020 14:18

Hi DiscoDave4 - Agree with you. AVON is an excellent company with a niche market. It is just odd to see it making new highs while the markets are holding by a thread. I was wrong to have sold at £22.5 when it tanked around £21. I never believed it would cross £25, let alone £30. But it did ! This is a stock I would like to keep for the long term if it retraces again.

[discodave4] 29/5/2020 12:16

Hi fuji99Their interims were IMO excellent. C19 is not having an impact.A rarity:- "Board remains confident of achieving its expectations for the current financial year". The PE is 29 not 70 and H1 eps growth was +64% (organic and constant currency it was +37.5%).