I bought more today because I believe the business is specially unique and has already a proven customer base all over the world. These glitches happen for all manufacturers and this is part of the learning curve for improvement following corrective actions. The order book and the cash flow talk for themselves. So I will remain fully invested for at least 2/3 years. |
still expensive if you do not make any adjustment, getting really interesting. Alantra Partners are a very opportunistic, yet long-term investor |
Total mangement incompetence - Fire the lot and bring in some street wise boys -
Maybe some of those running Country lines have more commercial sense!! than this bunch who apparently did not do realistic DD on the product -
Should have been easy enough - If they were that confident one of them should have put it on and allowed the post boy to shoot at him!! |
#604,
Since Avon reinvented themselves from the old tyre-making days and reinstated a dividend after the 2008 crash, I have always complained that they were rather mean with their dividend payouts in the light of eps and cash generation, but I was imagining that they would improve the ratio by increasing the dividend, not cutting the profits! |
Forward PE:2022 17x2023 12xFree cashflow:2022 23.5m2023 26.7mROE:2022 18.8%2023 21.5%According to Marketscreener Estimates. |
Last time the share price was this low was September 2016 |
Net debt was $44m at H1 and $55m now. So they have lost $11m cash in the last period. They can't afford the dividend, it is just a attempt to stop the shares falling further. This is no bargain, in the months ahead that will be proven. Looks expensive to me . Won't be touching it. |
I would add that if they maintain the dividend as it is, the yield is even better than the traditional "dividend only" stocks of the FTSE 100. So one can patiently wait and receive dividends while recovery takes place.
This is also a special sector serving the military and the civilian safety sectors. It will always prosper, with or without wars. |
Bought more. They have to review any business segment that does not work properly and this is a fair and transparent approach. With the dividend policy maintained and possible share buy back as mentioned, there will be recovery. AVON is making money and it is a resilient defensive unique technology business. I am holding for the long run regardless of blips along the way. |
Well that went well huh rampers. |
I'm in! Business can't be that bad. Still got a dividend and increasing it. Basic business on the up. Just went down wrong street with body armour. |
Its hard to believe the body armour business is worthless and being written down. Surely there must be some value in there to an external buyer who can make the necessary investments to get approval? |
IMO this will be under 900p for quite some time. Avon need to prove they can generate cash and grow their business without any further disasters. I traded this the first time from 950 to 1100. But shall not again because I expect no bounce. |
Conflict escalates with Russia very worrying |
I agree if this was a Japanese company there would be flashing of bladesJob done |
uh-oh. management sounds like they are out of their depth. Good luck to all holders. Technicals looking rather bad |
How many Director Buys will we see today?
CEO should resign or be sacked. |
Shockingly poor stewardship. Wealth destruction.Wild West of capitalism. No accountability and no consequences for BOD. Asymmetric risk. Reputational risk not so easily calculated. Very questionable dividend policy.Reactionary short-termism. |
The market just limes to know, now it does, it'll move on |
If we fall I'm buying back in a we are at levels not seen for years with the same business model now nd at a quarter of the peak price |
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