Avon Protection Share Discussion Threads

[18bt] 09/4/2021 07:26

Good trading update, justifying the recovery in its share price. 20-30% increases in EPS for 2021 and 2022 begin to bring the PE down to levels where the shares will not look so expensive. Should also be 20-30% annual increases in the divid for a few years.

[jeffian] 04/4/2021 22:46

Well the divi increased by 30%! Not much?

But, yes, it was a one-off event; a £139m gain on the sale of the milkrite/InterPuls business. Best look at the 'adjusted' figures in the accounts, not the headline figures. If you're getting your financial info from websites or similar sources, suggest you make a habit of always going to the published accounts as the only source which is complete and verifiable.

[arja] 04/4/2021 19:26

I have not followed this one but can anyone tell me why the massive profit increase in last financial year ? presumably a one off item as divi not increased much ?

[arja] 04/4/2021 19:21

well, 3500 or 3600 anyway - first things first !

[mallorca 9] 02/4/2021 09:30

The chart looks to be heading back towards the old level of £40 to £45

[charlie9038] 01/4/2021 09:59

nice extra order today from us $28 million should raise the sp

[charlie9038] 22/3/2021 17:56

Wondering if the defence secretary announcement today will affect the SP?

[volvo] 18/3/2021 17:32

looking more positive


VOLVO Feb '21 - 16:00 - 134 of 154 Edit

Bought here today at 3085....recon a ride back to 3500 on anything positive.

[charlie9038] 17/3/2021 10:11

Lets hope so, still -5% for me bought 24 dec, RMG performing better +25% did both same day, still thats the game we are in.

[mallorca 9] 16/3/2021 09:08

Beginning to regain strength.

[ch1ck] 10/3/2021 10:55

I understand the weakness but I'm a buyer at these levels it could be a good opportunity to bag a discount

[farnesbarnes] 09/3/2021 18:25

AVON has become more reliant on acquisitive growth rather than organic. Phil Oakley highlighted this back in December too.

[bingaxu] 08/3/2021 23:12

So Avon is down again due to big tech is down in the US? Nasdaq hits correction, Dow advances as stimulus bill nears finish line https://reut.rs/3bsuK8L

[jeffian] 02/3/2021 12:35

It doesn't really matter as both costs of most manufacturing and sales are all in $ so any exchange rate "loss" is only on translation from $ to £ for the purpose of the report. As long as the cash is kept in US, no problem. From this year they are going to be reporting in $ anyway -

"CURRENCY EFFECT AND CHANGE OF REPORTING CURRENCY
The Group has translational exposure arising on the consolidation of overseas company results into Sterling. Based on the current mix of currency denominated profit, a one cent appreciation of the U.S. dollar increases revenue by approximately £0.9m and operating profit by approximately £0.2m.
Subsequent to the acquisition of Team Wendy, and following the completion of the divestment of
milkrite | InterPuls, the Group’s activities will be predominantly conducted in U.S. dollars, with approximately 90% of revenues and the majority of Group’s net cash and net assets denominated in U.S. dollars. As such, from 1 October 2020 the Group will change its reporting currency to U.S. dollars for our 2021 financial year. Following the change in reporting currency, dividends for the 2021 financial year and beyond will be set in U.S. dollars and converted into pounds sterling for payment at the prevailing exchange rate immediately prior to payment."

[charlie9038] 28/2/2021 16:53

Not looking good for this as the £ strong

[bingaxu] 24/2/2021 17:26

Think the share price managed to go down under £30 support, we are going to see the price going down further until May the result is out. - that's if it's good result.

[18bt] 23/2/2021 17:16

Lots of other lockdown favourites down quite a lot including food, supermarkets and gaming companies.

[bingaxu] 23/2/2021 16:19

Slide in growth stocks pummel Nasdaq, Powell testimony underway https://reut.rs/3sfl8ni

[fuji99] 23/2/2021 14:20

Nothing specific to AVON. But the techs are hammered due to increase in US yield and general unease on the US markets - too high. Possible correction on the way.

[bingaxu] 23/2/2021 12:49

Any idea of the share price drops so much today as there is no negative news?

[volvo] 23/2/2021 12:11

Looking more and more like a 2nd profit warning on the horizon

[volvo] 19/2/2021 09:58

...guess the stops will be pinging all day today

[volvo] 18/2/2021 16:10

Watched the 50k (£1.55m) buy this morning and knew this was ok.

Straight back to 3500p on anything positive.

Orders are in

[volvo] 17/2/2021 17:37

Getting to a low on this 2nd wave down.....if the company has any worth, which it does the equity funds will start to circle

[thetwentiestrader] 16/2/2021 21:11

Hi All,

A new article on Avon Rubber added to my website - Analysis of recent updates and financials: hxxps://www.thetwentiestrader.com/post/unmasking-avon-rubber