Avon Protection Share Discussion Threads

[hopeful holder] 01/7/2016 17:03

I got caught on the drop here but taking comfort that this share is one of quality and taking an overall view that quality is already shining

[tomps2] 28/6/2016 10:36

I believe the statement on fx in the H1 results means the strong $ we have now is an issue for them, and will cost them £1.82m (quote below). Although as exporters earning in $s - they should be better off?

Can anyone clarify?

"The impact of foreign exchange translation was a slight tailwind of £0.4m as the $/£ average rate of $1.46 was lower than the $1.54 prevailing in the same period last year. This translation benefit has, for the most part, been offset by transactional losses, where Euro and US dollar transactions, covered by forward contracts at rates higher than the period rate, have given rise to mark to market foreign exchange losses of £0.3m at the period end.

If the currently stronger US dollar were to prevail throughout the remainder of the financial year, it would create further translation tailwinds for the full year. Our sensitivity analysis on the full year 2015 results showed that a 5c movement in the $/£ exchange rate would result in a £0.7m impact on annual operating profit."

Many thanks

[thomasthetank1] 09/5/2016 13:21

Read Edison's note on AVON RUBBER PLC (AVON), out this morning, by visiting hxxps://www.research-tree.com/company/GB0000667013
"Avon Rubber’s interim results show the group is able to deliver a robust performance even in a more challenging market environment. Despite the absence of an impact order in Protection & Defence and Dairy markets being cyclically weak, the group has managed to progress on all fronts, gaining market share, and is well positioned to accelerate growth once again as markets normalise..."

[thomasthetank1] 09/5/2016 13:19

Read Edison's note on AVON RUBBER PLC (AVON), out this morning, by visiting hxxps://www.research-tree.com/company/GB0000667013
"Avon Rubber’s interim results show the group is able to deliver a robust performance even in a more challenging market environment. Despite the absence of an impact order in Protection & Defence and Dairy markets being cyclically weak, the group has managed to progress on all fronts, gaining market share, and is well positioned to accelerate growth once again as markets normalise..."

[gswredland] 09/5/2016 12:34

Thank robow

[robow] 08/5/2016 13:11

tipped in IC/FT

[battyliveson] 06/5/2016 10:01

Noticed Robbie Burns mentioned he has bought back in after results targeting £10+.

I remain a holder although would be happy to see £9 this year. Good cash-flow is reassuring in volatile markets.

B

[thomasthetank1] 04/5/2016 13:21

Read Arden Partners's note on AVON RUBBER PLC (AVON), out this morning, by visiting hxxps://www.research-tree.com/company/GB0000667013
"Avon’s interims showed a resilient performance in the face of significant trading headwinds, with revenues and adjusted PBT both up 5% to £66.3m and £8.8m respectively. The results benefitted from the acquisitions of InterPuls and Argus and also an FX tailwind, but these factors were largely offset by weaker trading in AEF and Dairy. The highlight of the results was the very strong cash generation, with net debt falling from £13.2m at the year end to £8.4m, despite the £3.5m acquisition of Argus. Adjusted EPS increased 29% to 28.7p, helped by one off tax adjustments. The interim dividend was increased 30% to 3.16p..."

[wjccghcc] 04/5/2016 08:22

Better than I expected. Back in here.

[petethehippy] 04/5/2016 08:20

Great set of results might see a little jump. Statement says trading is weighted to second half and was bullish on second half but I believe the share price going forward will reflect confidence in second half trading. Who knows?!

[18bt] 04/5/2016 08:10

Interims - need to have a longer look at why the adjusted EPS growth looks so much better than adjusted EBITA, but the dividend increase is pleasing and hope that these should settle some nerves.Fwd PER now only seems to be c13x, which is a long way from where it was and quite reasonable for a lowly geared growth company in a defensive sector.

[breaktwister] 29/4/2016 17:28

I wouldnt call this a long period of downtrending, it has been moving sideways with peaks/troughs according to general market sentiment. The big drop was due to dairy uncertainty but was way oversold imo. What percentage is dairy of overall profit, 25%? I have been buying as much as I can, trading within the spread.

[ch1ck] 29/4/2016 16:54

Not sure why the sell off but may be people are looking for another product or more sales to drive this forward.I'm watching to see if it breakers lower than this

[doobz] 29/4/2016 14:32

I've held these before and have been trying to work out why such a long period of downtrending happened. I couldn't see anything negative in the news minus the dairy uncertainty, is this just people selling off in anticipation of a warning in the next report??

any thoughts most welcome

[mayers] 26/4/2016 14:55

I wonder if AVON will be "end of the queue" if there is BREXIT. I suspect not.

[ch1ck] 22/4/2016 14:27

The share price hit an automatic trigger point today and I sold my full holding.I will watch and wait and see what happens to the share price.

[cheaky monkey] 14/4/2016 11:43

Back down to the recent lows, very frustrating!

[ch1ck] 07/4/2016 18:47

I'm happy Avon looks resilient in a wobbly market. It should offer a bit of town turn insurance. If it does turn I have a bit of profit to sacrifice before I would sell.

[grosvenor] 01/4/2016 11:17

Oops - as Chick said they (RNS) are a bit confusing - apologies

[jeffian] 01/4/2016 09:59

"Looks like someone was shaking the tree yesterday to make way for Blackrock"

Errrr....the RNS on 31/3 showed that they had reduced their holding from 11% (see RNS 21/1) to 10.98%

[ch1ck] 01/4/2016 08:07

I an always confused by these does it mean Black Rock bought shares to achieve A holding of 10.9% or sold.Why cant they be more clear?

[gswredland] 31/3/2016 19:00

Thanks Grosvenor

[grosvenor] 31/3/2016 13:56

Looks like someone was shaking the tree yesterday to make way for Blackrock

RNS Number : 6826T
Avon Rubber PLC
31 March 2016

For filings with the FCA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer Avon Rubber PLC
of existing shares to which voting rights are
attached:ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights S
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached S
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments ¨
An event changing the breakdown of voting rights ¨
Other (please specify): ¨
3. Full name of person(s) subject to the BlackRock, Inc.
notification obligation:iii
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on 29 March, 2016
which the threshold is crossed or
reached:v
6. Date on which issuer notified: 30 March, 2016
7. Threshold(s) that is/are crossed or Total holding for BlackRock, Inc. has gone below 11%
reached: vi, vii



8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
if possible using transaction
the ISIN CODE
Number Number Number Number of voting % of voting rights x
of of of shares rights
Shares Voting
Rights
Direct Direct xi Indirect xii Direct Indirect
GB0000667013 3,329,634 3,329,634 N/A N/A 3,299,749 N/A 10.63%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.
Securities Lending 107,462 0.34%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx
instrument Conversion period xviii
Nominal Delta


Total (A+B+C)
Number of voting rights Percentage of voting rights
3,407,211 10.98%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
See Annex

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information: BlackRock Regulatory Threshold Reporting Team
14. Contact name: Gareth Slade
15. Contact telephone number: 020 7743 3650



Name % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Group Limited
BlackRock Investment Management (UK) Limited 9.69% 9.69%

BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Group Limited
BlackRock Advisors (UK) Limited



This information is provided by RNS
The company news service from the London Stock Exchange