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Started: MaryBr190, 21 May 2024 07:11
Last post: MaryBr190, 21 May 2024 07:11
21 May 2024
WE ARE MAKING EXCELLENT PROGRESS TOWARDS OUR MEDIUM-TERM GOALS AND ARE INCREASINGLY EXCITED BY THE GROWING MOMENTUM IN OUR TRANSFORMATION PROGRAMME.
This morning we announced our half year results for 2024 which confirmed we have delivered a strong first half and our transformation is gaining momentum.
Jos Sclater, Chief Executive Officer, commented:
“We are making excellent progress towards our medium-term goals and are increasingly excited by the growing momentum in our transformation programme. The results in H1 demonstrate that our strategy is working and pace is increasing, though we still have a lot to do. The work we have done so far to drive improvement has revealed further opportunities for operational improvement; this reinforces our confidence that we will deliver our medium-term goals.
“We are seeing a growing awareness of the importance of high-quality protection against chemical warfare and head injury. In particular, Russia’s deployment of chemical weapons in Ukraine has highlighted the need for effective respiratory protection. As the leading supplier of mission-critical head and respiratory protection to the US Department of Defence and other NATO countries, we are well positioned to help protect the people who are protecting us.
“More broadly, I am very pleased that we now have a much stronger business that is delivering on major programmes and is improving fast. We have moved quickly into execution phase of our STAR strategic plan and are already seeing productivity improvement, new contract wins and further innovation to revolutionise our world leading product portfolio.”
I'm totally in and think 10 percent up tomorrow ; you can tell me I'm a idiot tomorrow
Started: Markyb311, 20 May 2024 17:40
Last post: Markyb311, 20 May 2024 17:40
Hi Ripley, looks like we have had a similar - and sometimes difficult journey with Avon. I bought at the beginning of September 2021 and sold at the end of that month at a very modest profit. Bought in again a few days later (thought I acted hastily in selling - as I felt it had M&A written all over it) and have bought dips, and dips, and dips ever since. Jos and Rich have been a God send and I sense they are turning it around. However, the market is fickle and I suspect tomorrow will be a serious test. Have talked myself out of profit taking all week in search of bigger gains - due to the current conflicts and the decent contracts they are winning. This afternoon's drop was very dissapointing and I'm hoping it was just a bit of profit-taking. I'm looking at reducing, don't want to be out fully until I feel the time is right. Did you cash out completely? Fingers crossed for tomorrow (for anybody left in), as it should be a good year if the numbers are decent.
Started: ripley94, 20 May 2024 16:03
Last post: ripley94, 20 May 2024 16:03
Sold today for 1300p not sure if they paid divs
Aprox 23% on buy over 2 years 7 months .
12/11/21 BUY 1050
10/11/21 1900p
30/11/20 4625p 5 year high.
Started: 5percent, 20 May 2024 12:36
Last post: JUSI, 20 May 2024 13:32
I agree with your statement: 18-May 07.34
Do you mean that my comment regarding chemicals is misleading ? Or do you mean that you agree that the chemicals are pushing the price up ?
Why would investors suddenly realise day before ?
Just because something is illegal is no problem. As my old headmaster used to tell us, it is ok as long as you are not caught...still I am no expert and you may well be right. I just can't help being a cynic about the markets, especially when money involved. Anyway, it is tomorrow that counts... figures crossed.
SirT, I agree, I also think the comment made earlier that the Russians are planning/could be using chemical weapons (disappointingly) [though not verified] is buoying the SP
That would be illegal. Much more likely that buyers are speculating on good results/forecasts tomorrow.
Last post: SirTradealot, 20 May 2024 13:17
Nice. Me too, I bought on 18th March so have seen a 33% rise already. Usually my buys go the other way ("come second" as we say in the legal world!). 😂
Anyways, I am happy bunny as up 40 percent in about 6 months , not a bad return
Started: 5percent, 20 May 2024 12:55
Last post: 5percent, 20 May 2024 12:55
Actually a easy call... wars... talk of nuclear...now chemicals...sp somewhat down historically...perfect and obvious
Started: 5percent, 20 May 2024 12:43
Last post: 5percent, 20 May 2024 12:43
Suppose the prime minister demand for crash helmets and body armour must be taking off
Last post: 5percent, 18 May 2024 07:34
Reports Russians using chemicals in ukraine. Surely a positive for avon, if true
Started: Markyb311, 15 May 2024 15:58
Last post: Evanescent, 17 May 2024 08:09
Realised the results are due next Tuesday not today... apologies for the error
I have long expected a takeover.... would be brilliant if it was for £30/share....
If the results tomorrow cause a drop I may top up (only if it falls below my average)
I am gearing up for a £30 takeover now the company is cleaning up it's act.
Looks like everybody is gearing up for a cracking set of interim results on the 21st
Started: Markyb311, 16 May 2024 14:43
Last post: Markyb311, 16 May 2024 14:43
Fingers crossed
Started: 5percent, 9 May 2024 14:27
Last post: Dixon1, 9 May 2024 18:25
Possibly towards earnings announced later this month.
12 percent up in last month. If anything, gains are accelerating !
Started: MaryBr190, 9 May 2024 07:11
Last post: crawshaw, 9 May 2024 11:17
Sold half of these this morning, will hold the rest long-term
crawshaw
Posts: 3,422
Price: 702.00
No Opinion
TU13 Oct 2023 08:49
Decent update, I've bought in.
Pleased I didn't sell my 'buy' from sometime ago. Still think this SP has got legs to go further north given the difficult world situation we find ourselves in. Hats off to Jos Scalter for steadying the ship
Avon awarded UK Ministry of Defence General Service Respirator contract worth up to £38m
CBRN respirators for all branches of the UK's armed forces to be supplied from Avon's Melksham facility, boosting UK's sovereign CBRN protection capability.
We are pleased to announce that Avon Protection has won the tender for the continued supply of the General Service Respirator ("GSR") and associated in service support for the UK Ministry of Defence ("MoD").
Avon has been supplying the MoD with GSR masks since 2018 and this new contract award will enable Avon to continue to help protect the lives of people serving in the UK Armed Forces, sustaining the UK's domestic CBRN protection production capability.
The contract, over four years, with five further 12-month option periods is valued at up to £38 million.
Actually the sp has not increased much after 95bn approval, and even after rishni announcement. I am only guessing but maybe the market had the US thing already built into sp. As for Rishni, it is ok making grandiose declarations of future spend, but he probably won't be the one who has to actually carry it out!
Started: 5percent, 21 Apr 2024 14:52
Last post: 5percent, 21 Apr 2024 14:52
Yes defence should be up Monday and the woman in congress won't love me anymore
Started: Uttom, 18 Apr 2024 21:54
Last post: JUSI, 21 Apr 2024 02:25
..Avons prospects undoubtedly now helped, either indirectly or directly, by the US house approval of a $61bn aid package for the Ukraine war effort. Be interesting to see how the markets react on Monday (defence sector stocks that is)
From Edison research -
Global geopolitical tensions have sparked higher defence spending by the US DoD
and NATO countries. The need for military protection is critical, with ballistic military
helmet and respirator demand expected by Avon to experience a CAGR of c 4%
from 2024–28, representing a significant boost to Avon’s growth prospects. This is
reflected in its order backlog of over $180m (a decade high), partially attributable to
a rise in head protection orders with c $60m of orders for NG IHPS and over $20m
for ACH GEN II. Delivery ramp-ups combined with inventory turnover improvement
and anticipated $10m annualised cost savings from the Irvine site closure should
help boost operating margins to the targeted c 15% level.
Started: Evanescent, 5 Apr 2024 07:39
Last post: Evanescent, 10 Apr 2024 15:15
Sold my ISA holding yesterday for a >20 % return after a year (more if you add the dividend).....still holding in my trading account will trim if it falls and average down further if the opportunity arises.
I first bought this at around £20 and averaged down as the price fell.....average now at £9.25 so am happy to watch and wait...
I still think a takeover is likely but have thought this since the current CEO joined
I am a recent convert to this share. I took the opportunity to invest the proceeds of a dividend from a FTSE high yielder. Have so far not regretted it. Can only see upside in the current global problems.
..I'm surprised more investors haven't cottoned on to this share, + 37% YTD. I guess a combination of company stability, securing new orders, higher revenue forecasts year on year, improved broker ratings.. Any more for any more. Glad I didn't divest some months ago
Alantra have now crossed the 15 % threshold.....time to declare your intent....RNS will have to be issued soon
Last post: 5percent, 22 Mar 2024 14:13
Happily it seems to have got into a positive mode. I don't really know why. I suppose defence , Russians, etc. Tho that is an old story
Last post: 5percent, 18 Mar 2024 15:22
I starting to think it is more linked to nasdaq than ftse. Is it viewed as us tech sort of, as sell a over there I think. Nasdaq well up today
Last post: 5percent, 18 Mar 2024 15:18
Well if it stays there till close ( fingers crossed the way this thing moves ) not bad at all. Can afford a second latte tonight
Started: Evanescent, 18 Mar 2024 14:55
Last post: dubzy, 18 Mar 2024 14:59
Broker upgrade to £13
Finally broke £10 for the first time since May 2023.....on a day when FTSE is down too.....
Is some news about to break?
Maybe it is leveraged on ftse250 which has also gone up a lot the last hour
Last post: 5percent, 1 Mar 2024 16:19
Yes I think so. But in the last hour the price has gone from 960 to 990. Circa. I just don't understand it.
Started: Markyb311, 1 Mar 2024 16:16
Last post: Markyb311, 1 Mar 2024 16:16
Hate to say - but I think the worse is now over. Onwards and upwards
Slightly different question. If you were selling, would you put a limit order, given the wide fluctuation well 2 percent in a day in price ? 2 percent may not sound much but still