Scanning the RNS only. Is kitchen sinking now complete? Lots of transformation taking place, but no real positives its working yet. Perhaps should have cut the dividend completely? New order announcements are desperately needed. Keep the faith in the new management or not??? |
You are correct. They look like good recovery ahead here. The past was known. No shocks there. |
No very encouraging to say the least |
Maybe I’m reading it wrongly but the adjuster EPS looks a lot better than forecast? Order book looking better. Recovery underway with the results backward looking? |
Maybe I'm just reading it wrong but even the "adjusted" profit is down and they made a stonking loss. But that's "excellent strategic progress" huh. Massively overvalued imo. |
Was lucky to more or less catch the bottom (for once). Not a big holding but added and will add more.
Lot's of positives. |
Quite a nice rise from the lows, nice to see directors buying also. Staying long here |
I see that the naked trader is back in here . He was a big investor in here years ago . Hopefully a good omen |
I'd like to see the UN place a 3m+ order for helmets for the Palestinians given all that unsafe concrete rubble from all those buildings. |
Amazing snap bounce back fuelled by multiple director buys Can make quick money in this game with some luck (not that anyone saw the Israel disaster coming) |
It's been strong for a few days now unbelievable |
Yes, CEO and chairman both putting their hands in their pockets. |
Fairplay Jos - not pocket change |
Avon Protection plc issued a trading update for the FY ended 30th September this morning. Full year trading was in line with the Board's expectations, as expected, trading in the second half of 2023 was stronger than in the first half, with order book growth and higher underlying earnings. H2 adjusted operating profit margin is broadly flat versus H1, the Group’s balance sheet is strengthening net debt-EBITDA on a covenant basis at the end of FY 2023 is expected to have reduced to around 2.0 times, compared to 2.6 times at the end of H1 2023. Valuation is decent if unexciting with forward PE ratio at 16.5x. However, share price remains in a longer run correction and lacks momentum. Monitor for now....
...from WealthOracle |
"... to expand cash-backed margins,..."
cash-backed margins - very inventive |
So pleased that the share price is beginning to show signs of strengthening. Decent update. |
Certainly a decent update. |
Think that update is best could have realistically hoped for at this time |
That's made me giggle ? |
Do they make rubber johnnies? |
Well chart at least indeed now looking better |
Seems a big gap up potentially technically IF can get up through this 650p level. Know that is just the chart and likely wishful thinking by me. |
Defence stocks all being bid up for obvious reasons - when is the next update due ? |
You can find their helmets on ebay. |
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