Avon Protection Share Discussion Threads

[cheaky monkey] 13/3/2015 18:37

So glad I held my nerve but didn't have the balls to open a s/b too but nice to see 800 on the brink again. Feeling like a top up here.GLA

[hawaly] 13/3/2015 12:34

A buying opportunity....

[jeffian] 13/3/2015 11:49

So what was that dip all about?

[ayl30] 12/3/2015 16:09

Quite a bounce in past few days, back to the 800's soon I hope

[jeffian] 09/3/2015 11:01

A few years ago this happened to me with James Fisher (FSJ). After a period of steady rise, it suddenly started falling for no apparent reason. After a few days, I panicked and sold to 'lock in my profit' whereupon it recovered and went on to multi-bag from the point I sold it! I never knew what caused that fall and I don't with this one, but I clung on this time.

[cheaky monkey] 09/3/2015 10:13

Looks like the weakness was to try and clear some holders, normal service resumes?

[ayl30] 04/3/2015 18:12

Seems a big drop from the peak in a short time given no news. Guess we will have to wait and see or sell out and then perhaps regret it later.

[doobz] 04/3/2015 13:27

No ideas, I did a search for news, tips, etc but found nothing. Really unfair for anyone stopped out during that day, if prices did this regularly it would make it very hard to trade without considerably more risk. Looks like an attractive support level now so we may see some buyers coming in to benefit from the irrational drop. Maybe a lot of people were ready to take profits at 800 too

D

[cheaky monkey] 02/3/2015 11:58

Sp drifting a little, v low volume and strange intra day dip last week. Is someone wanting to get there hands on large volume of shares?Last update was good with positive outlook so am a bit perplexed by the drop over the week or so, anyone any ideas?GLACM

[jeffian] 27/2/2015 19:10

Well that was a bit strange.

[nehpets81] 27/2/2015 16:26

well it has bounced back somewhat now but the recent price weakness might be a concern - could people be worried about the weak milk price or is the share just retracing back to a more normal rate of increase?

[snowydays] 27/2/2015 14:31

Sudden 10% drop for no apparent reason?

[cockneyrebel] 30/12/2014 09:34

Firm today and hitting new highs - ebola factor?

CR

[mike740] 29/12/2014 10:32

AVON one of the Telegraphs TIPS OF THE YEAR FOR 2015

Avon Rubber
John Ficenec

The Wiltshire-based gas mask maker Avon Rubber is enjoying a strong increase in profits as the US military places big orders for new kit.

Chief executive Peter Slabbert hailed an “excellent year” after strong demand from the US military. The company was placed as the sole US defence supplier, where it is locked midway into a 10-year contract. Avon said orders of its M50 gas mask provided good revenue visibility.

The company said pre-tax profits were up from £13.7m to £16.6m during the year, on revenue flat at £124.8m. The company reported a debt free balance at the year end. Avon also generated plenty of cash during the year, as it comes to the end of a major investment phase in a new facility. The annual dividend is expected to increase by more than 20pc and is covered eight times by earnings. The shares have been on a fantastic run rising more than 28pc in the past year to hit a new record high. However, trading on 16 times forecast earnings they still look good value given the growing profits and solid balance sheet.

[mike740] 29/12/2014 10:29

AVON Trades so far this morning nearly all Buys.......


09:11:00 760.00 1,500 O 752.50 765.00 Buy 16,688 814
10:08:03 764.38 77 O 752.50 765.00 Buy 15,188 814
10:00:35 764.38 130 O 752.50 765.00 Buy 15,111 814
09:51:19 763.24 845 O 751.50 765.00 Buy 14,981 814
09:49:59 760.00 33 AT 750.50 765.00 Buy 14,136 814
09:44:51 761.25 368 O 760.00 765.00 Sell 14,103 814
09:33:18 765.00 443 AT 760.00 765.00 Buy 14,103 446
09:33:11 765.00 261 AT 751.50 765.00 Buy 13,660 446
09:21:28 765.00 261 O 751.50 765.00 Buy 13,399 446
09:18:49 764.33 63 O 751.50 765.00 Buy 13,138 446
09:12:02 762.00 500 AT 751.50 763.00 Buy 13,075 446
09:11:50 762.00 500 O 751.50 762.00 Buy 12,575 446
09:10:03 757.00 500 AT 750.50 760.00 Buy 12,075 446
09:09:06 757.00 261 O 750.50 757.00 Buy 11,575 446
08:56:18 756.53 128 O 747.50 757.00 Buy 11,314 446
08:56:09 756.50 212 AT 745.50 757.00 Buy 11,186 446
08:56:09 756.50 1 AT 745.50 756.50 Buy 10,974 446
08:55:59 756.50 656 O 745.50 756.50 Buy 10,973 446
08:48:00 755.95 23 O 745.50 756.50 Buy 10,317 446
08:46:30 755.95 66 O 745.50 756.50 Buy 10,294 446
08:40:58 755.95 132 O 745.50 756.50 Buy 10,228 446
08:37:37 755.95 66 O 745.50 756.50 Buy 10,096 446
08:34:47 750.00 2,500 AT 740.50 756.50 Buy 10,030 446
08:34:37 750.00 250 O 740.50 750.00 Buy 7,530 446
08:33:02 748.00 2,500 AT 740.50 750.00 Buy 7,280 446
08:33:02 747.50 330 AT 740.50 748.00 Buy 4,780 446
08:26:19 747.15 239 O 740.50 747.50 Buy 4,450 446
08:24:51 747.28 401 O 736.50 747.50 Buy 4,211 446
08:20:27 746.95 133 O 736.50 747.50 Buy 3,810 446
08:15:24 746.95 135 O 736.50 747.50 Buy 3,677 446
08:12:38 747.28 321 O 736.50 747.50 Buy 3,542 446
08:05:45 736.50 200 AT 736.50 747.50 Sell 3,221 446
08:02:30 738.50 246 O 735.50 747.50 Sell 3,221 246
08:01:55 744.81 666 O 735.50 747.50 Buy 3,221 0
08:01:12 743.50 500 AT 735.50 745.00 Buy 2,555 0
08:01:12 743.00 256 AT 735.50 743.50 Buy 2,055 0
08:00:43 741.50 248 AT 730.50 743.00 Buy 1,799 0
08:00:39 743.00 740 AT 730.50 743.50 Buy 1,551 0
08:00:39 743.00 273 AT 730.50 743.00 Buy 811 0
08:00:32 742.75 538 O 730.50 743.00 Buy 538 0

WEEKLY TRADES VOLUME HISTORY

Date Buy Vol Sell Vol Total Vol
24/12/2014 765 2,150 2,915
23/12/2014 6,489 2,668 9,157
22/12/2014 19,911 28,652 48,563

PERIODIC TRADES VOLUME SUMMARY

Date Low Vol High Vol Avg Vol
1 week 2,915 48,563 16,639
1 month 2,915 649,433 45,412
3 months 1,670 649,433 34,516
1 year 496 649,433 31,990

LATEST BROKER VIEWS

Date Broker New target Recomm.
19 Nov WH Ireland... 825.00 Buy
19 Nov Investec 800.00 Buy
19 Nov N+1 Singer 760.00 Buy
7 Oct N+1 Singer 750.00 Buy
3 Oct Investec 720.00 Buy
3 Oct N+1 Singer 720.00 Buy
6 Aug Investec 700.00 Add
10 Jun Investec 680.00 Add
6 Jun N+1 Singer 720.00 Buy
6 May N+1 Singer 720.00 Buy
Broker Recommendations for Avon Rubber

[mike740] 29/12/2014 09:56

AVON Avon Rubber breaking out from a 6 week range formation. As been tipped several times over the XMAS period. New Products new customers.

[18bt] 18/12/2014 18:13

Buy Rec in IC tomorrow

[cockneyrebel] 15/12/2014 10:08

Been some good broker upgrades recently - consensus eps raised 3.27p in the last month to 46.75p eps in 2015. 2.86p rise for 2016 to 51.32p.

That's a PE of 15.7 for a co that has doubled eps in two years and quadrupled them nearly over 4 years.

Very low PEG for that growth imo.

All imo/dyor etc

CR

[cockneyrebel] 10/12/2014 12:31

Cheers jeffian - testing the highs again here today.

I think these will have a good Jan in their run up to the early Feb trading update.

CR

[jeffian] 23/11/2014 16:25

#365/366,

CR, looks like you were right and I was wrong!

[mike740] 20/11/2014 12:56

On a clip now. Next leg up developing after the breakout yesterday.

[mike740] 20/11/2014 10:12

Avon Rubber jumps as profits beat expectations
Avon Rubber's rising profits have come in just as expected, says Questor


Avon Rubber makes products used in milking cows

By John Ficenec, Questor Editor6:00AM GMT 20 Nov 2014

Avon Rubber
702½p+43p
Questor says BUY
MANUFACTURING group Avon Rubber reported a strong rise in profits for the year, leading brokers to upgrade expectations, which helped to send the shares up more than 5pc yesterday.
The Wiltshire-headquartered group said adjusted pre-tax profits were up from £13.7m to £16.6m during the period, with revenue flat at £124.8m.
Chief executive Peter Slabbert hailed an “excellent year” during which Avon was steadily taking control of its distribution network, allowing it to charge retail prices rather than wholesale prices for its goods. The difference between the wholesale and retail price can be as much as 33pc.
Avon Rubber manufactures gas masks for the military and rubber items used by dairy farmers in the milking process; and the majority of the profit comes from the provision of those gas masks to defence clients.
Although defence budgets are under pressure worldwide, Avon said a strong order intake in Protection & Defence put the company in a good position for next year. It said it was well placed as the sole US defence supplier, where it is locked midway into a 10-year contract. Avon said orders of its M50 gas mask provided good revenue visibility.

The company now has a much stronger balance sheet position after it eliminated its £10.9m debt and turned it round to a £2.9m cash balance by the year end at September 30. Avon took charges of £2.3m during the year, the majority of which related to closing down old manufacturing facilities in the US. The company expects to make savings of £1m a year from next year following the closure.
Avon also generated plenty of cash during the year, the amount from operations almost doubling and investment spending falling sharply.
Meanwhile, the annual dividend was increased by 30pc to 5.61p, with the shares going ex-dividend on February 18 and payable on March 20. Although the dividend only offers a forecast yield of 0.9pc, it is expected to increase by more than 20pc and is covered eight times by earnings.
Questor recommended buying the shares as we flagged the possibility of upgrades (Buy, 627p, May 1), and we stick with this position for the long term. Buy.

[mike740] 20/11/2014 10:02

Market Buzz

WH Ireland says buy Avon Rubber on positive FY results

Wed, 19 November 2014


WH Ireland says buy Avon Rubber on positive FY results



Avon Rubber
Price: 702.50

Chg: 43.00

Chg %: 6.52%


Broker WH Ireland is advising investors to inflate their portfolios with Avon Rubber after the maker of gas masks and milking equipment lifted its annual profits by 21.2% to £16.6m.


Avon said orders in its protection and defence division, which makes masks and other equipment for emergency services, the military and industrial and energy customers around the world, had risen 26% to £93m, while 2015 orders were already at £33m.

WH Ireland said the outlook for Avon was highly encouraging and raised its two-year fully diluted earnings per share expectations by 5.9% for both years.

"We maintain our 'buy' recommendation and raise our share price target to 825p from 800p," the broker said.

Shares rose 23.5p or 3.6% to 683p at 13:07 in London

[vanston] 20/11/2014 06:15

Yyhhhhhhhh