Avon Protection Share Discussion Threads

[bluebelle] 09/1/2013 17:39

Up over 10% since then.

[bluebelle] 06/12/2012 17:53

The recent strength is on the back of decent volume.

[18bt] 01/12/2012 08:41

New report out by Edison which may have caused this week's uptick. 2013 forecasts not really changed, but new 2014 forecast figures, which put AVON on 2014 PER of 10.0x. Forecasting 20% divi increase in 2013 and 25% in 2014. Summary is: "The group is well positioned to continue its progress with a stable core DoD business, a growing commercial offering and continued consistent growth from dairy."

Thinks the catalyst for further re-rating may be the visibility of the DoD order book. So target increased to 425p

Forecasts net cash by Sept 2014.

[bluebelle] 27/11/2012 12:31

This will probably stop it dead in its tracks, but this has been showing strength recently !

[18bt] 23/11/2012 12:33

Which has caused a nice break out of the trading range ...

[jeffian] 23/11/2012 11:13

Tipped by Questor in today's Telegraph

[jeffian] 21/11/2012 10:13

It's certainly done well recently after years in the doldrums. I bought 'old' Avon as a yield play which, like so many, was forced to cut or waive the divi when the crunch came and I'm slightly disappointed that they don't feel braver about reinstating it. Yes, it's up year-on-year but it's covered 9x by underlying earnings per share and provides only a measly 1% yield on the share price. I can see that substantial amounts of cash are being reinvested in R&D, so maybe this will result in higher returns in years to come. In the meantime, I'd prefer to see any surplus cash returned to shareholders in the form of dividends rather than share buy-backs, which flatter the NAV and EPS figures but don't necessarily get reflected in the share price.

[18bt] 21/11/2012 07:18

Good results PTP £0.5m above consensus and 20% increase in dividend. Great cash generation which could mean debt free by 2013. Slightly thin details on strategy, but could be more in presentation. Still looks cheap despite run up IMHO.

[jeffian] 08/11/2012 10:12

It's certainly looking quite perky in quite a difficult market.

[18bt] 12/10/2012 18:35

I'm no technical analyst, but doesn't this look like the chart of a share about to break out?

[18bt] 12/10/2012 18:25

This thread has gone v quiet despite the company performing. Here is latest from Edison following update this week:

Avon Rubber's pre-close statement highlighted that H2 had picked up and was
stronger than H1, leaving the group confident to meet expectations for the full year. At a time when many others are facing weakening markets, we feel this highlights the robust nature of the products and the benefits of the visibility afforded by the longterm core contracts the group has in its order book. With strong cashflow performance leaving net debt reduced at £8.7m and allowing investment in R&D and product development, we feel Avon still provides a haven in an uncertain environment that, although providing challenges, is being managed.


Given the great cashflow, I'm hoping for some upside on the year end divi giving the share price some greater yield underpin as well as an undemanding PER of c10x 2013.

[bluebelle] 08/8/2012 07:43

Strictly embargoed until 07:00 Wednesday 8 August 2012
AVON RUBBER p.l.c. ("Avon", the "Group" or the "Company")
INTERIM MANAGEMENT STATEMENT FOR THE PERIOD FROM 1 APRIL 2012 TO 7 AUGUST 2012
Protection & Defence
In Protection & Defencethe full yearorder intake for the Division is expected to be 38% up on the previous year and with a significant element of this for delivery in future years, we have improved visibility of revenues from both the DoD and commercial customers for 2013.
Orders in hand from the US Department of Defense (DoD) will allow us to deliver similar volumes of the M50 respirator in the second half of our 2012 financial year to the first half of the year. As expected we have seen an acceleration in the delivery of spare filters to the DoD since the half year, albeit the overall level of filter orders will be below that of the previous year. We expect filter demand to grow as more mask systems are delivered although customer scheduling of filter deliveries remains difficult to predict.
Project Fusion, our new program to expand and enhance our product range, remains on track to provide further organic growth from 2013/4.
Dairy
In Dairy we have seen further growth in sales of our Milk-Rite brand, in particular the Impulse Mouthpiece Vented Liner. Our sales and distribution centre in China is progressing well, in line with expectations.
Net debt
The Group's balance sheet remains robust. Net debt at 30 June 2012 was GBP10.2m (30 September 2011: GBP11.8m) reflecting the timing of working capital movements and the significant investment made in product development during the year.
Outlook
The business as a whole has progressed further in this period with continued investment in product development and our brands and distribution channels. With improved operational performance from Protection & Defence and the Dairy business performing strongly, we continue to expect that the results for the second half of the year will be stronger than the first half with year on year growth comparable with the level seen during the first half.
For further enquiries, please contact:

[18bt] 11/5/2012 17:08

New report out from Edison.Slight downgrade in 2012 PBT forecast to £11.0m and uprgrade to 2013 £13.3m.Good report of decent length with a positive spin.

[pj 1] 10/5/2012 07:49

Good luck Proj..

[proj] 09/5/2012 22:45

PJ, you're not alone there mate! I hope the rest of the week is kinder to you and everyone else. ATB mate.

[pj 1] 09/5/2012 21:58

None of mine!!!

[proj] 09/5/2012 18:43

Great performance here to be blue for the past few days. How many other stocks have done that?

[phil150] 07/5/2012 08:30

yes extrader so you sold a gasmask at a car boot sale , so what is your point!

[proj] 05/5/2012 18:19

Sorry, extrader, but what's your point?

[proj] 04/5/2012 22:30

3% up today in an absolute bloodbath of red. Very strong sign. Well done, Avon.

[bluebelle] 04/5/2012 11:17

I bought back in recently. Was a core hold for me but I sold because of the concern about US legal action. With that out of the way the fundamental story looks as good as ever.

[pj 1] 04/5/2012 11:11

Good HY results this week.

Also, dyor, but they have a very large order to complete HY2 and into next year. It does not look like the market priced this in, or responded enough when a competitor withdrew their legal threat to the award of the order. Be nice if we break 320.

[cheaky monkey] 04/5/2012 10:56

Nice rise today, any news?