That could happen and a good post.
Or and most likely Russia and Ukraine create a ceasefire and markets rise.
The worst thing would be china going into Taiwan. Who knows what they are thinking right now…!
Either way rearmament is firmly underway across the globe. |
 The only saviour for the long term suffering holders will be a takeover bid. Otherwise, the downturn has already started a while ago and this will hurt every sector. The only unknown is the extend of the deterioration especially if the Ukraine/Russia conflict is still on-going and out of the blue, China puts an embargo on Taiwan (holding 61% of the world semi conductor production - used almost everywhere) - or even invading it, that will be a second conflict between the 3 most powerful military powers in the world. The recessions we used to have were not linked to geopolitical issues. They were part of an economic cycle and resolve with time. Today we are in another dimension and IMO it is a bit difficult to extrapolate any future outcome from what happened before. As a result, I feel next Christmas will be one of the worst we ever had as people will buy less and many retailers will go under the floor. This alone, will hurt the markets further. Then comes 2023 unknowns and possibly severe market corrections. A long bear market is shaping up. |
I have been a long-term holder of Avon all through the process of transforming from a rubber-products company to the defense-based company they are today. They managed to make a meal of setting up the production of the protective equipment with late factory opening and supply-chain issues but, when it all came on stream eventually, all went well for a few years and the share price soared. Then came the fiasco of the acquisiton of the body-armour unit from 3m which, frankly, looks as if they were sold a pup and must have done so much reputational damage. The failure of life-saving equipment must surely impact on customer confidence across the range. Then, with the headwinds of Covid and consequences of war on components and supplies, headwinds arose again and management just doesn't seem able to adapt and cope.
I still hold my shares (quite a lot!) on the basis that the 'fundamentals' must be right, but whether this is the management to deliver, I have my doubts. |
Jeffian: I was convinced that if they cannot make money during a lasting conflict something is wrong somewhere. As you say, I agree management is the doubt and to me this is total shambles. I just see disorientated headless chickens. I wonder if R & D activity and feedback is totally disconnected with management. Unless they are having testing issues again ... All will be revealed in their next update. |
Nobody doubts that current conditions should favour Avon's products, CR. What is in doubt is the management's ability to deliver on basic issues such as supply chain management, cost control, product performance etc. |
As an innovative capability provider, Avon Protection understand the unique requirements of the modern warfighter and tactical operator. This depth of specialisation and understanding has ensured products are designed to protect users in the most extreme of environments.
Avon Protection are proud to have supplied protection solutions to the UK Ministry of Defence and other allies since the 1920’s and remain the primary supplier of integrated protective equipment to NATO and the United States Department of Defense Army, Navy, Marines, Air Force and Special Operations Forces. |
Article in times saying U.K. older helmets stocks given to Ukraine. Avon would benefit from this I would expect with new orders for helmets.
Also new entrants to nato need to begin the process of homogenising equipment across nato. Gotta to be a hold for now |
If they cannot manage a turnaround and a profit in the midst of a war and conflicts, I cannot see when they will. IMO they are a total disaster. Could halve from here. |
One certainly isn't confident that this management has a grip on the problems. |
Another profit warning will take it below £5 in a few months. |
No announcement yet, hope they’re not promoting within. All the Exec team has played a part in this torrid affair. New CEO must make big changes. |
One month left for Macdonald. Why have they not found a new CEO yet - can not be that bad surely? |
There must be new on the new CEO SOONThis should move the price higher. |
Spending three millions more to recover the body armour project after the incident, rather than the ridiculous share buybacks would have been the way to go.I would have donated the old plates to the Ukraine. After all they passed hours of test firings and one failed during the trial with no recourse from the company |
Nine observation PinkI agree the new boss will sink all the news he can but there can't be much left. Maybe a refresh of the board with some industry bigger hitters could turn this roundThe potential is massive and I still think |
Has he gone yet? |
Like many others
This shows buybacks do not help PI's |
I cannot see the logic in the rise up to almost £12. The news history have shown how management was so unreliable and contradictory that nobody believes anymore any promise until seen delivered in flesh and bones. |
Look what volume occurred on each bounce off £10 and the height of the bounce. Every chance this falls back, etc. Lack of conviction on the bounce? |
I feared it might go on down but it does seem to have stabilised at this level....for the moment. Fingers X-ed there are no more management bloomers but I'm not that confident. |
I am going to average down as this will be taken over |
possible takeover target ? that's what I'm praying for !! |
A new CEO will kitchen-sink this and write-off anything they can and spring clean so they have proper metrics to measure against going forward. Because of that I don't see anything other than more negative news some time hence.
Once cleaned it will be a decent buy but that may be from below the current £10 floor it has bounced off multiple times. |
I was very much with you. As shareholders, do we all feel that we have had "value" returned to us? No, nor do I. The reality is that, as so often with buybacks, all that (real) 'surplus' cash which could have been returned via dividend or Return of Capital has now simply disappeared in a puff of smoke. I hate 'em. |
I got slammed by some on here for criticising the share buy back as a hopelessly wasteful way to allocate the companies resources. No we see why.! |
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