Avon Technologies Share Discussion Threads

[bingaxu] 08/3/2021 23:12

So Avon is down again due to big tech is down in the US? Nasdaq hits correction, Dow advances as stimulus bill nears finish line https://reut.rs/3bsuK8L

[jeffian] 02/3/2021 12:35

It doesn't really matter as both costs of most manufacturing and sales are all in $ so any exchange rate "loss" is only on translation from $ to £ for the purpose of the report. As long as the cash is kept in US, no problem. From this year they are going to be reporting in $ anyway -

"CURRENCY EFFECT AND CHANGE OF REPORTING CURRENCY
The Group has translational exposure arising on the consolidation of overseas company results into Sterling. Based on the current mix of currency denominated profit, a one cent appreciation of the U.S. dollar increases revenue by approximately £0.9m and operating profit by approximately £0.2m.
Subsequent to the acquisition of Team Wendy, and following the completion of the divestment of
milkrite | InterPuls, the Group’s activities will be predominantly conducted in U.S. dollars, with approximately 90% of revenues and the majority of Group’s net cash and net assets denominated in U.S. dollars. As such, from 1 October 2020 the Group will change its reporting currency to U.S. dollars for our 2021 financial year. Following the change in reporting currency, dividends for the 2021 financial year and beyond will be set in U.S. dollars and converted into pounds sterling for payment at the prevailing exchange rate immediately prior to payment."

[charlie9038] 28/2/2021 16:53

Not looking good for this as the £ strong

[bingaxu] 24/2/2021 17:26

Think the share price managed to go down under £30 support, we are going to see the price going down further until May the result is out. - that's if it's good result.

[18bt] 23/2/2021 17:16

Lots of other lockdown favourites down quite a lot including food, supermarkets and gaming companies.

[bingaxu] 23/2/2021 16:19

Slide in growth stocks pummel Nasdaq, Powell testimony underway https://reut.rs/3sfl8ni

[fuji99] 23/2/2021 14:20

Nothing specific to AVON. But the techs are hammered due to increase in US yield and general unease on the US markets - too high. Possible correction on the way.

[bingaxu] 23/2/2021 12:49

Any idea of the share price drops so much today as there is no negative news?

[volvo] 23/2/2021 12:11

Looking more and more like a 2nd profit warning on the horizon

[volvo] 19/2/2021 09:58

...guess the stops will be pinging all day today

[volvo] 18/2/2021 16:10

Watched the 50k (£1.55m) buy this morning and knew this was ok.

Straight back to 3500p on anything positive.

Orders are in

[volvo] 17/2/2021 17:37

Getting to a low on this 2nd wave down.....if the company has any worth, which it does the equity funds will start to circle

[thetwentiestrader] 16/2/2021 21:11

Hi All,

A new article on Avon Rubber added to my website - Analysis of recent updates and financials: hxxps://www.thetwentiestrader.com/post/unmasking-avon-rubber

[volvo] 16/2/2021 16:32

Hi.
Listen, I not really interested in the fool.uk.....i just see a bounce here on any decent news, which I believe is coming.

[clanger66] 16/2/2021 16:25

Hi Volvo, just read the article you link to and while I think the stock at current levels is good value, I can't see where the author of your article gets her EPS number from. It looks way to high to me.

[volvo] 16/2/2021 16:00

Bought here today at 3085....recon a ride back to 3500 on anything positive.

[johndoe23] 13/2/2021 13:05

When the seller exits here could move up to 3500p quite easily. Plenty of support at 3000p.I don't hold but keeping a close eye on developments...

[suetballs] 13/2/2021 10:31

Probably - I usually do! Maybe used the Beddard update as a poor excuse - as I had no spare cash for ent.
Suet

[mallorca 9] 13/2/2021 10:05

suet,

you've sold at exactly the wrong time.
I added this week - quite significantly

[suetballs] 12/2/2021 14:11

Sold this am at a small loss.
I followed Beddard who "sold" recently.
Added the funds to my holding in ent which I believe will continue to do very well this year.
Good luck to remaining holders.
Suet

[miss womble] 12/2/2021 11:15

Luderitz Thankyou for this I mught very well try Barclays

[luderitz] 11/2/2021 23:09

Miss Womble, Ive been using Barclays for about 10 years now having tried most of the others, I find them very good on limit orders and everything else.

As far as dealing when we want them to I think that can be a common thing to most brokers if they just can't get stock, that's why setting a limit order can be the next best option.

[suetballs] 11/2/2021 17:45

OK - but I don't use stop losses for that very reason.
Suet

[miss womble] 11/2/2021 17:21

Suet balls. They often can’t or won’t deal when you want them to and often deal above the instructed Loss limit when the price will is climbing