Avon Technologies Share Discussion Threads

[st3v3m] 25/8/2022 10:03

No announcement yet, hope they’re not promoting within. All the Exec team has played a part in this torrid affair. New CEO must make big changes.

[justiceforthemany] 24/8/2022 19:31

One month left for Macdonald. Why have they not found a new CEO yet - can not be that bad surely?

[ch1ck] 11/8/2022 06:36

There must be new on the new CEO SOONThis should move the price higher.

[ch1ck] 20/7/2022 13:07

Spending three millions more to recover the body armour project after the incident, rather than the ridiculous share buybacks would have been the way to go.I would have donated the old plates to the Ukraine. After all they passed hours of test firings and one failed during the trial with no recourse from the company

[ch1ck] 20/7/2022 13:02

Nine observation PinkI agree the new boss will sink all the news he can but there can't be much left. Maybe a refresh of the board with some industry bigger hitters could turn this roundThe potential is massive and I still think

[st3v3m] 17/7/2022 22:17

Has he gone yet?

[buywell3] 06/7/2022 07:21

Like many others

This shows buybacks do not help PI's

[fuji99] 01/6/2022 10:12

I cannot see the logic in the rise up to almost £12. The news history have shown how management was so unreliable and contradictory that nobody believes anymore any promise until seen delivered in flesh and bones.

[p1nkfish] 31/5/2022 16:44

Look what volume occurred on each bounce off £10 and the height of the bounce. Every chance this falls back, etc. Lack of conviction on the bounce?

[jeffian] 31/5/2022 16:24

I feared it might go on down but it does seem to have stabilised at this level....for the moment. Fingers X-ed there are no more management bloomers but I'm not that confident.

[conwyrebel] 24/5/2022 19:17

I am going to average down as this will be taken over

[danb45] 24/5/2022 18:48

possible takeover target ? that's what I'm praying for !!

[p1nkfish] 24/5/2022 15:11

A new CEO will kitchen-sink this and write-off anything they can and spring clean so they have proper metrics to measure against going forward. Because of that I don't see anything other than more negative news some time hence.

Once cleaned it will be a decent buy but that may be from below the current £10 floor it has bounced off multiple times.

[jeffian] 24/5/2022 15:10

I was very much with you. As shareholders, do we all feel that we have had "value" returned to us? No, nor do I. The reality is that, as so often with buybacks, all that (real) 'surplus' cash which could have been returned via dividend or Return of Capital has now simply disappeared in a puff of smoke. I hate 'em.

[conwyrebel] 24/5/2022 13:50

I got slammed by some on here for criticising the share buy back as a hopelessly wasteful way to allocate the companies resources. No we see why.!

[ch1ck] 24/5/2022 13:34

If and it's a big if, we can land a heavy weight CEO the holes could be plugged and the the ship steered back on courseI'm glad I sold some last week I just wish it was more

[justiceforthemany] 24/5/2022 13:33

Balance sheet metrics have actually improved with debt to equity 0.88 and equity ratio 2.13
Current assets £130M vs current liabilities £48M

[ch1ck] 24/5/2022 13:32

I challenged the board on there decision to implement a share buyback program when they had debt at the last shareholders meeting.Now debt has ballooned, they don't have the cash for inventory and profits tank.The CFO LEFT THE SHIP he help sink and now the CEO has steered it on to the rocksInstitution gave them one last chance and the CEO had no choice, he had to go

[danvandan] 24/5/2022 12:37

I'd been kicking myself for not buying-in here last time it was at £10, but then this terrible set of results comes out and makes me thankful.

What I'm wondering though is when this downward trend ends. Is this the right moment to buy-in? I'm unsure. The fact that the ceo has been given his marching orders without anyone named to takeover shows a business in turmoil.

How have they managed to secure no big new contracts despite all the 'enquiries'? A once profitable business is now reporting losses. Debt is rising, even while the dividend remains the same, further depleting cash - this seems like a mistake. Interest rates are going up. Raw materials are going up. I agree with the posters predicting a 'kitchen-sinking' when a new ceo comes onboard. Ontop of all that, if the war in Ukraine actually ends, this will likely have a strong negative effect on the shareprice.

The wider market appears to be on the cusp of turning downwards due to rising interest rates, energy costs and general inflation and an imminent loss of consumer confidence.

I am tempted to sit on my hands for a few days.

[conwyrebel] 24/5/2022 10:57

Buy pick by peel hunt for Avon. Set a watchlist on stockomendation and you get instant stock pick/tip/recs alerts

[p1nkfish] 24/5/2022 08:54

Tested this level a few times, if it breaks it runs down.

[fuji99] 24/5/2022 07:59

"... we remain confident in a return to growth." - In other words, when there is no war and no demand for their helmets, the only product left on offer ... Any naive investors still left should brace themselves for profit warnings in series.

[fuji99] 24/5/2022 07:38

From bad to worse. Never seen such a disastrous company. Now they are becoming a lossy dog in the middle of a war. What will they be in peace time ? Pleased I was out since I was convinced this is heading to the abyss. Will do the opposite of prosperous companies: To be taken over for peanuts when its share price hits the floor. I won't be surprised to see it priced at £2 - £3 in the next 6 months.

[p1nkfish] 24/5/2022 07:36

Ferrugia, good point.
New CEO will paint a terrible picture on which to improve by hanging out all the dirty laundry of the past.

It's not over yet.

[justiceforthemany] 24/5/2022 07:29

Good riddance! He listened, finally.