Peel Hunt are pretty UK institutional centric and corporate advisory centric. Joint brokers are often appointed because they offer complementary skills/markets/clients. In this case there maybe a banking relationship with Barclays and/or management want to tap Barclays bigger representation into the US institutions. Or maybe they are working on something like an acquisition in the US |
Joint broker why 2 fairly simple format? I wonder |
interesting move up today after the gentle fall of recent weeks. Positive TU coming? |
Article in today's DT about Russia's use of chemical gas in Ukraine. It concludes: "Britain is uniquely placed to solve this problem for the Ukraine military, as it did for the Peshmerga. The UK is the largest and best manufacturer of respirators on the planet, serving the full needs of the US DoD, the UK MoD and most Nato countries. This non-lethal aid should be much easier and quicker to sanction than some of the lethal targeting permissions President Zelensky is requesting so urgently. There is no time to waste."
AVON calling. |
Name has change from 1st August. It's now Avon Technologies plc. |
Hopfully will stop the gentle fall in the share price |
Nice upgrade |
Rns, order and marginal upgrade |
*BARCLAYS STARTS AVON PROTECTION WITH 'EQUAL WEIGHT' - PRICE TARGET 1400 PENCE |
hxxps://euro-sd.com/2024/06/major-news/38793/avon-protection-at-eurosatory/
More good news - new multi year contract with New Zealand navy and other product updates |
Looks like Schroders has increased their holding. |
DEUTSCHE BANK RESEARCH RAISES AVON PROTECTION TARGET TO 1470 (1200) P - 'HOLD' |
Glad that this is my largest holding. In the interim today they mention the word 'strong' and 'excellent' more than 20 times. CEO paragraph:"More broadly Iam very pleased that we now have a much stronger business that is delivering on major programs and is improving fast". This sounds to me like a prelude for "ahead of expectations " announcements coming in the next few months.I would imagine broker upgrades will follow in the next few days. GL to all. |
potential dear boy, potential. |
This looks hideously expensive- still loss making at a stat level and why the slowdown in growth in H2? Suspect takeover is the end game, can't see how those numbers support the current share price on a public exchange |
My second largest holding, that rns reads fine to me with improved guidance to cap it all |
Upbeat report - looking forward to the presentation |
Doing well today. Results tomorrow? |
Half year results 21st May |
AVON doesn't talk much but recently, when it does, the news is positive. I like that.
I wish some of ADVFN's boards were like that, LOL |
More positive momentum |
 9th May 2024
Avon Protection plc
("Avon")
Avon awarded UK Ministry of Defence General Service Respirator contract worth up to £38m
CBRN respirators for all branches of the UK's armed forces to be supplied from Avon's Melksham facility, boosting UK's sovereign CBRN protection capability.
We are pleased to announce that Avon Protection has won the tender for the continued supply of the General Service Respirator ("GSR") and associated in service support for the UK Ministry of Defence ("MoD").
Avon has been supplying the MoD with GSR masks since 2018 and this new contract award will enable Avon to continue to help protect the lives of people serving in the UK Armed Forces, sustaining the UK's domestic CBRN protection production capability.
The contract, over four years, with five further 12-month option periods is valued at up to £38 million.
Jos Sclater, Chief Executive Officer at Avon Protection plc, commented:
"We are very proud to have won this competitive tender with the UK MoD and to continue supporting the UK's objectives of providing the highest quality, most reliable and trusted protection equipment for the UK's service men and women.
As we have seen with the reported deployment of chemical agents in Ukraine and in other recent conflicts, the highest grade CBRN protection is critical to operational capability for warfighters in the evolving reality of near-peer, hybrid warfare.
This award is strategically important for Avon. It demonstrates our continued technological leadership in CBRN respiratory protection and provides a strong foundation for our UK business over the medium and long term. We look forward to continuing to provide the UK with a world-leading sovereign capability in CBRN protection from our facility in Melksham and developing new technologies which will provide unparalleled protection for those who defend our nation." |
Interesting |
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