Avon Technologies Share Discussion Threads

[justiceforthemany] 04/4/2022 19:00

It's a show of faith and confidence in the company you work for or lead. Very important actually. No or little skin in the game is always concerning. Have a look at the stakes Musk, Zuckerberg, Bezos hold. Tens of millions of $.

[justiceforthemany] 04/4/2022 19:00

It's a show of faith and confidence in the company you work for or lead. Very important actually. No or little skin in the game is always concerning. Have a look at the stakes Musk, Zuckerberg, Bezos hold. Tens of millions of $.

[justiceforthemany] 04/4/2022 19:00

It's a show of faith and confidence in the company you work for or lead. Very important actually. No or little skin in the game is always concerning. Have a look at the stakes Musk, Zuckerberg, Bezos hold. Tens of millions of $.

[jeffian] 04/4/2022 18:22

Directors' share buying is fluff. They're paid to do a job.

[justiceforthemany] 04/4/2022 16:46

Don't think a single director bought shares even when they hit £9. Now 50% up. Surprising but also a little concerning.

[rimau1] 04/4/2022 09:28

Nice start to the week. Sunday Telegraph highlighted Avon Protection as a likely beneficiary of Nato’s increased defence spending on Respiratory/Helmets.

[rimau1] 03/4/2022 06:14

We should get a HY Trading update this week and given the war and wider geopolitical backdrop it should be bullish in terms of demonstrating organic growth and hopefully managing the supply chain and costs. I am particularly interested in an update on The 10-year framework with NATO Support and Procurement Agency (NSPA) which enables NATO and NATO affiliated countries to purchase from the respiratory protection portfolio given the worry about chemical weapons. During FY21 Avon Protection received orders worth up to $48 million to supply FM50 mask systems to six NATO members and associates including Norway, Finland, Belgium, Lithuania, Denmark and the Netherlands and are in active dialogue with three other NATO members with a view to them joining the programme.

[conwyrebel] 01/4/2022 16:12

The European Union is stockpiling medicines and protective gear to protect against any potential chemical, nuclear and biological incidents amid escalations in the Ukraine war.

The hoarding, agreed on Friday and expected to last weeks or months, is designed to expand reserves available to the EU population and partner countries, including Ukraine.

Supplies will also include decontamination equipment, gloves, masks and other material for chemical, biological, radiological and nuclear defence, officials said.

[p1nkfish] 01/4/2022 09:06

Avon have been backstopping the price as buyer of last resort if needed.

If this reaches £18+ the return on shares bought back sub £13 will be very useful and treasury shares can always be re-issued at a higher price to help fund acquisitions or raise cash. They sit there increasing in value as results and sentiment improve.

The big holders are happy with it, the plebs go along for the ride. I'm a pleb.

[ch1ck] 01/4/2022 07:02

The share buyback is having no real effect on the rise in the share price which I due to market sentiment and global changesI suspect management will view this this differently but check out ll the other companies doing share buyback program such as Unilever, they have all under performed

[conwyrebel] 30/3/2022 15:24

Lol Ch1ck meant £20 per share

[jeffian] 30/3/2022 15:08

"I expect these to recover above 200 pence in due course"

That's quite a fall!!

[conwyrebel] 30/3/2022 14:19

Yup me too I pound cost averaged my holding. Has to be a takeover tgt

[conwyrebel] 30/3/2022 14:19

Yup me too I pound cost averaged my holding. Has to be a takeover tgt

[ch1ck] 30/3/2022 13:45

I have used the fall today to top up as I expect these to recover above 200 pence in due course

[ch1ck] 30/3/2022 13:43

I recommend any posters here take the time to attend the AGM's either in person or on line.The insight you gain is worth the time, you can tell from the comments and body language if the board are effective and believe in the company.I won't repeat my comments but I'm happy in the direction of the company now and feel the failure of the new body armour was was a mystery with no failures during testing but one failure was enough to make additional testing and spending impractical The company know another failure to delive will be catastrophic

[p1nkfish] 30/3/2022 11:07

Buyback shares are held in treasury.
They are not cancelled down.
Not impossible for re-issue towards future acquisition and share price may then be higher.

[c0cky] 29/3/2022 19:17

Points taken. But their buy backs have been at a price lower than today's price. Hence, satisfied so far.

[jeffian] 29/3/2022 18:27

That's what they said about GEC before Weinstock was ousted and replaced with Simpson who 'invested' the lot in Marconi..........

[conwyrebel] 29/3/2022 18:21

They failed their dd when they bought the armour division. Strategically decent idea v badly executed. Plenty of other growth acquisition opportunities out there for them so learn from the mess they made with armour and don’t repeat it. Just cause they screwed up once doesn’t mean they will do that again. I respect your opinion and wanting to get your cash out. I personally think the company is a takeover tgt so am keeping my holding and don’t want cash redistributed it to shareholders I want it invested for growth.

[jeffian] 29/3/2022 17:49

I agree that share buybacks are a waste of time but the reason they have 'surplus cash' is that, since re-inventing themselves as a protection equipment company they have been generating cash and can't find anything else to do with it. Initially, they invested heavily in getting the supply chain right including establishing manufacturing facilities in the Americas, but debts have been repaid and cash was building up on the balance sheet. Their attempts to do what you suggest and 'invest for growth' have been a disaster in the case of the body armour business, with £m's being written off within only a year or two of purchase and the decision to sell Milkrite - which may have looked right strategically to focus purely on defence items - may have been a mistake financially as farm-related businesses are getting a boost from the realisation that food security is an issue.

So I agree that the share buyback programme is a waste of resources but I do not trust this management to 'invest' my money better than I can, so if they have 'surplus cash' I would like it back as increased dividends, a Special Dividend or a Return of Capital, please, and I'll decide what to do with for myself.