Avon Technologies Share Discussion Threads

[ch1ck] 02/12/2022 12:26

No reply from the company but I think we know why the price dropped.Looks like we have break out

[conwyrebel] 01/12/2022 16:17

This fund added 1.5 % to its holding

Alantra EQMC Asset Management SGIIC, S.A.

[ch1ck] 01/12/2022 13:53

Looking at the future arms replenishment program for countries in and joining NATO along with many other countries which recognise Avon as producing some of the best products on the market this is a great opportunity to grab the shares at a discount.I can see the US bidding for the company to bring the technology in house so to speak.

[conwyrebel] 01/12/2022 11:05

Maybe a new fund mgr and changing focus who knows

[terminator101] 01/12/2022 10:06

Dumped their entire holding huh? Makes you wonder why they saw so little value/ no future

[conwyrebel] 01/12/2022 09:23

I would suggest that it looks more like a strategic move by the fund mgr rather than fundamental issue with the company

[se81] 01/12/2022 09:22

Clumsy stuff from Fidelity....question is who took the shares?

[clanger66] 01/12/2022 09:12

So it was Fido who sold down their holding from 6.4% to zero.

[conwyrebel] 01/12/2022 09:12

FMR LLC sold 6% their holding which explains the move I guess

[ch1ck] 30/11/2022 15:31

Waiting for a reply from Avon we may get a release statement

[conwyrebel] 30/11/2022 08:53

Agreed that was mechanical. The company need to make a statement

[18bt] 30/11/2022 08:32

I'm not sure that's right as it was effectively announced in 2020 so it was a purely mechanical announcement of a release of previously announced shares. i.e. I'm not sure that it would have been stopped if they had material new information.

[mcmather] 30/11/2022 08:00

I reckon that they did that - ie no material change here - with that RNS at 14.00hrs yesterday; if there was, they would have had to say something at that time. That was a nothing RNS, so no need to release intraday?

[18bt] 30/11/2022 07:24

Still nothing from the Co this morning.

[jackdaw4243] 29/11/2022 20:26

I didn't top up be added a few to ease my offside position, still offside.

[conwyrebel] 29/11/2022 16:29

Statement from the company would be helpful saying they are no fundamental reasons for the price drop..!

[conwyrebel] 29/11/2022 16:28

Prob someone caught up in crypto issues and needs zee cash.! Over sold!!

[celeritas] 29/11/2022 16:04

Avon Protection was under the cosh on Tuesday after a share placing.

According to traders, JPMorgan placed 1.8m shares for an undisclosed institutional seller at between 1,061p and 1,100p.

At 1110 GMT, the shares were down 12% at 1,036p.

Avon specialises in the engineering and manufacturing of respiratory protection equipment for military, law enforcement and fire personnel.

[michaelfox] 29/11/2022 13:01

Hi Liam - thanks for the info and makes sense. Out of interest how did you find that out? Thx

[topman1966] 29/11/2022 12:19

Just topped up . Cyber Monday prices

[liam1om] 29/11/2022 12:10

Yes, nothing to do with the company. On a bit of support here chartwise, so a decent point to buy.

[conwyrebel] 29/11/2022 12:09

Someone needs the cash it’s a tactical sale then not a fundamental sale

[liam1om] 29/11/2022 11:44

It's a placing from an institutional seller: JPMorgan placed 1.8m shares for an undisclosed institutional seller at between 1,061p and 1,100p.

[ch1ck] 29/11/2022 09:40

It seems to be a tactical move I'll call Avon