Wonder if there will be more of the same today! |
There is some massive funds who took short positions of several % of stock of Avon. Worldquant/citadel/GSA capital. They will winding these down |
Ignore that rubbish |
Not trading but wick way? |
Prob Short squeeze with the funds covering their short positions which is always good to see as an indicator |
A notable 33 percent increase was nice today although zoom out to a 3yr chart and it's a mere blip that barely registers. Long way to go yet.Will be interesting to see if the positive momentum continues tomorrow and Friday! |
The fact they did not rush to announce an insider could be good news but let's see |
I asked last week for an update to trading and the search for a new director I would love to think it triggered this RNS but am not that daft.The market was ripe for good news from a military provider that had been beaten down. It could continue to rise as news of Paul's replacement could be near |
Maybe there is more contracts in the pipe. |
Bit of an extreme jump for a trading update quite thin on detail. The 'filters' order starts the following year and should extend over a number of years one would expect, given the 5yr shelf life. |
If they replicate this for a few times, they are on the right direction. Pleased for all long term holders. |
your daily top riser post. Welcome |
The shorts will re load |
Excellent indeed about time |
Shorters bums on fire today. |
Bit of a short squeeze here this morning, nice one to trade :) |
Yes that's betterHopefully we should see a steady climb from here. |
 RNS below sounds like some progress finally.!
Avon Protection plc
("Avon Protection" or "the Group")
Order announcement and trading update
Avon Protection today provides the following order announcement and a brief update on trading in the second half of its financial year ending 30 September 2022.
The Group is pleased to announce the receipt of an order for c.380,000 pairs of M61 filters worth $15.1 million from the U.S. Department of Defense. Deliveries under this order are expected to commence in early FY23.
Trading in the second half of FY22 has improved in line with management's expectations as set out at the half year results in May. This is due to a modest improvement in mix in our respiratory portfolio and the commencement of body armor deliveries following achievement of full FAT approval, which partially offset the negative headwinds seen in H1. In addition, cost reduction activities continue to progress as expected. Overall, performance for the year on an excluding armor basis is predicted to be at least in line with market expectations.
Following Paul McDonald's decision to step down as CEO at the end of September, which was announced in May, the Group can confirm that the search for his successor is making good progress. |
That should provide a measure of comfort and hopefully arrest the fall, but I can't see much progress in the shares until the new CEO is announced or possibly until they are in place. |
Cheers Lomcovaks. Very informative post. |
All zelensky will only undertake a ceasefire if west don’t support the war anymore. He won’t get Russia to give up territory he will have to cede |
PM Truss will certainly create a stimulus.! |
You are right ConwyRebel: If a ceasefire - with a lasting peace - is achieved between Russia and Ukraine, the markets will recover sharply. However, understanding a bit the mentality of putin, which is similar to any dictator on the planet, the probability for peace is very low. I say this because the common denominator of ALL dictators is that they are ALWAYS right regardless of their action or opinion of their "advisers". They only listen to their inner soul. Thus why they are unable to understanding what democracy or other ideas and point of view mean. We saw the result of saddam, gaddafi, the rocket man in Korea, etc. When any country is held ransom by bandits, sadists and mentally unstable people nobody can predict anything. Nothing exists around them except themselves. So Russia/Ukraine conflict is a psychological problem of personality. Nobody can tell putin he is wrong. He is the one man holding hostage a nation regardless if it goes to a disaster or not. The only scenario left is if he is not in good health and cannot govern or rather dictate. Then his replacement may use the opportunity to put all the blame on him and seek peace with the rest of the world. Otherwise to survive, a dictator needs enemies, real or fake. Without enemies, thus conflict, he has nothing to do, so cannot govern. |
Good post fuji99,
Agree that the future is looking very murky but there are optimistic voices out there. This (apologies for length) from Investors Chronicle 19th August -
'But though there is widespread consensus that the economic outlook has darkened, there is a chance things might not be quite as bad as the BoE’s forecasts suggest.
According to the August projections, the UK economy will contract in the fourth quarter and continue to shrink over the course of 2023. This sharp drop in economic activity will be driven by “the significant adverse impact of the sharp rises in global energy and tradable goods prices on UK household real incomes”. As the chart shows, the Bank expects the recession to be relatively deep, with a peak-to-trough contraction of 2.25 per cent. Soberingly, it is also expected to last for five successive quarters – as long as the 2008 recession.
But not all forecasts are so bearish. Economists at Panmure Gordon predict a shorter, two-quarter contraction, and Capital Economics also foresees a shallower recession. Samuel Tombs, chief UK economist at Pantheon Macro, even argues that recession could be avoided. So why is the BoE so pessimistic?
Firstly, because it is bound by a number of forecasting conventions – and this is more interesting than it sounds. In 2019, the BoE set out a method for modelling energy prices which assumes that they first follow their futures curves, then remain constant after six months. This statistical quirk was designed to make forecasting simpler, but now has significant impacts: under the BoE’s projections, energy prices are assumed to stay at high levels over the forecast period. When the BoE adapts its model to allow energy prices to follow their (downward sloping) futures curve instead, the picture looks a little brighter: GDP contracts by 1.5 per cent instead of 2.1 per cent by the third quarter of next year.
What’s more, the BoE’s models only take current (or pre-announced) government policies into account. In normal times, this makes sense – there is usually a similar chance of fiscal policy becoming tighter or looser as the forecast period evolves. But with a new prime minister taking office in September, some level of fiscal stimulus looks almost certain. Further government action on energy prices could easily double the £37bn in help announced earlier this year. Under these conditions, the recession would be significantly milder: Panmure Gordon projects a two-quarter contraction, before a return to growth in Q2 2023. Pantheon Macro’s Tombs also argues that “with extra government support likely to be announced shortly after the new PM takes office, and households still holding considerable savings, a recession is not inevitable”.' |
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