Interesting that with this week's sell-off it hasn't revisited the previous intra-day lows. |
Some industrial materials group in Germany wanting to diversify, perhaps. |
I thought that at £13 and averaged down. Like a game of snakes and ladders with this one. They will get taken over soon I wager… |
yesterday was an opportunity to top-up at a bargain price. This company supplies military helmets!! |
CEO spouts the same broken record every time, he knows no shame and has to come to terms that the city have lost all confidence in him. Until new management is appointed there will be little confidence with investors. Has yet to make any tangible successful decisions. |
I'd say "ripe" is a good business at a cheap price... no it's not ripe |
So you mean ripe for takeover |
Today's so-called leaders have no shame. |
Worst management team I've seen in a long time. It's a shame. Should have stuck to the cows. I'll revisit this company when a new board is all settled in |
If the CEO has any shame he will resign NOW.
Email
paul.mcdonald@avon-rubber.com |
No wonder no management bought shares even though the out look was apparently looking much improved I will ask the management to explain how this is once again a surprise announcementPatience has run out |
Appalling The CFO WILL HAVE SEEN THE RUN RATE ON COSTS months ago and this Should have been passed to the boardWeather this was done we will never know as he has jumped ship. Months worth of gains wiped out in a moment |
Buybacks much cheaper today note
1st tranche was for 9.25M pounds worth by 30May also note
Do the maths |
Looks like I put a curse on this by creating a new thread in August 2020!
No position. |
Ukraine should be a positive for Avon but they've managed to turn even that into another self inflicted wound. I mean you couldn't make it up right? They launch a buyback and then deliver a profit warning 2 months later? Just smacks of mgmt incompetence, heads should roll amongst whoever signed off that strategy and did the forecasting. Everybody knows a warning is the action of last resort so somebody seriously messed up their forecasting here. Can you have any confidence that there are no further skeletons waiting to emerge that is the question |
Oh dear, do I add before the bounce back tomorrow or is there more to come ? |
Uninvestable |
"Their ability to shoot themselves in the foot is becoming extraordinary."
If only they had some effective body armour. |
It has a big fat takeover tgt on its back which is why I doubled down |
There is an issue with management here. As a long-term holder, I remember the delays in getting the US factories set up with profits being 'pushed back' period after period. Although we then had a sweet period as production and supply of helmets to the US Army ramped up, they then blew it again with the disastrous acquisition of the body armour business. They were either legged over on that deal, or didn't do their Due Diligence properly. I don't remember any heads rolling for that. Now we have -
"Profitability has however been impacted, in broadly even proportions, by a weaker than expected sales mix in the first half and additional manufacturing costs, notably in the helmets business,due to supply chain and process inefficiencies."
Well doesn't that come down to management again? These guys should be called to account and the main shareholders should push for change. We need someone who can actually run the business better. |
you can't expect these shifts to happen in 6 months. At best the world is entering a new cold war era - if even Germany which army is in a 'sorry' state is re-arming - where does that leave the rest of Europe? My modus operandi in these market conditions is to buy 'cheap' and that's what I've been trying to do. |
i've been buying
what you are missing fuji is that we have entered a new era....
all Nato countries will now be looking into injecting money to moderniza their armies. |
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