Avon Technologies Share Discussion Threads

[w1lbur01] 24/9/2021 08:16

Yes I was thinking/hoping that

[someuwin] 24/9/2021 07:09

Great news.

[buywell3] 24/9/2021 06:49

Rubber bullets contract win would be better

Or a special ribbed rubber protection contract for men

[pugugly] 24/9/2021 06:40

bookbroker - U beat me to it - City leakier than a sieve

[bookbroker] 24/9/2021 06:38

News would have leaked y’day judging by move!

[warrenbuffet73] 24/9/2021 06:30

Good news but the contract values are tiny. Reckon share price rising on bottom feeding.

[bigbigdave] 24/9/2021 06:03

Avon Protection plc

U.S. Defense Logistics Agency Body Armor Contract

Avon Protection plc is pleased to confirm the U.S. Defense Logistics Agency ("DLA") has exercised the first of the two one-year extension options under the DLA Enhanced Small Arms Protective Inserts ("ESAPI") body armor contract.

The exercise of this initial option extends the contract to 22 September 2022 and triggers a minimum order value for the option year of $19 million.

The exercise of the option also triggers a further $3 million of contingent consideration payable to 3M under the terms of the acquisition of the Ceradyne ballistic protection business, as announced on 7 August 2019. This brings the total contingent consideration payable to date to $7 million. Additional contingent consideration will become payable on receipt of further orders in excess of the minimum order value of $19 million, with the maximum total contingent consideration payable to 3M being $25 million.

First article testing has progressed in line with the Company's expectations and formal product approval for the DLA ESAPI body armor is expected to be received during the first quarter of our 2022 financial year, with initial shipments expected during the second quarter.

Commenting, Paul McDonald, Chief Executive Officer, said:

"I am pleased with the progress the business has made since December to address the delays experienced in obtaining DLA ESAPI product approval.

This contract extension demonstrates our ongoing position as a leading supplier of body armor to the U.S. armed forces, as well as underpinning our FY22 body armor revenue expectations."

[conwyrebel] 23/9/2021 15:38

I saw it on Stockomendation

[deanowls] 23/9/2021 15:13

Hopefully bowly mcbowl face

[robinnicolson] 23/9/2021 15:12

Perhaps the shares have been tipped somewhere today? I noticed that Avon Protection is currently the No.1 most searched share on SharePad.

[18bt] 23/9/2021 14:19

Well, my small trade helped - I've ridden this for many years from about £1.60 and down before going up and top slicing along the way including some (but not nearly enough) close to the top. £18 felt a good level to top up - under 15x 2022 forecasts if they are to be believed. If they aren't I think PE will take out, so I don't see much downside.

[walkernbudgie] 23/9/2021 13:58

Depends where you are, if you are at the top looking down it's not so pretty.

[mwainw1973] 23/9/2021 13:53

Yes chart looks good

[bigbigdave] 23/9/2021 13:40

Some chunky volume going through today.

[someuwin] 23/9/2021 07:09

Turning upwards.

[bingaxu] 17/9/2021 15:28

The Capital Group Companies, Inc. increased holding to 10% from 5 % yesterday. Building up for the take over bid next?

[bingaxu] 16/9/2021 12:58

New low sub 1700???

[hawaly] 13/9/2021 08:03

GLA

😎

[walkernbudgie] 13/9/2021 07:59

The 3 declared short positions from JP Morgan, Goldmans and WorldQuant have all disappeared (from bloomberg). Goldmans was the last short until this week.

[ch1ck] 13/9/2021 07:10

If Naked is buying then his followers will follow and I'm in.Totally agree it's a great time to buy

[candid investor] 12/9/2021 23:33

This share is on my watch list . Waiting for it to drop lower which I think it will. Let's wait and see.
Good luck all

[mallorca 9] 10/9/2021 12:57

Naked Trader has updated his site.

He was stopped out of this but has now bought back in. He say's the fall is way overdone and expects a rerating soon.

[jeffian] 10/9/2021 09:49

All other things being equal, I think the company would be forgiven for the supply problems as it is now acknowledged that this issue is both worldwide and also not industry-specific. They have now resolved the disputed 'Next Generation Head Protection' contract so the big issue remaining is the body armour tests. If they get the all-clear and can start supplying, I think most of the downside risk is covered, but if the body-armour fails its tests again, all bets are off. Fingers firmly X-ed!