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Some good news at long last
Should reverse the current downward trend and hopefully see us getting back to £10
Possibly.... similar to DARK whats happening here
Down in low volume. BAe will swoop soon at around 12 to 15 Pounds - small change!
Without news of contract wins this will continue to slide down, lots of promises made for second half of financial year but unfortunately I feel any positive news will only get this back to £10 and not to £15 and beyond
Rising costs eat profits. Applies to all stocks. Many down this year.
Maybe time to BUY AVON but SP performance since the body armour disaster has not impressed anyone.
SP could be a long hold to get to 1100p. A long way from where it was in 2020, unlikely to see 4650p again.
i sold all of my shares on the 10th January and have been watching with interest since.
looks to me as if its well oversold and have today bought back in ( just stuck a little toe in) showing as a sell
DYOR GLA
Energy cost. Not sure its been run well as a compan
30% down in a month but can't see any particular reason for such a crash what's going on
Looking more attractive each day.
A nice video analysis of AVON Protection : https://www.youtube.com/watch?v=TeLzRXbk5GQ
#armour
What were the actual reasons that the armor failed? Due to the proximate climate could these be sold on to different markets or even Other NATO countries that will all be rearming. Did anyone see any figures in relation to the margin/cost per unit at scale?
We may need to brace ourselves at the US opening, hopefully back from the US cash flow impact
Thanks grippa,
Having listened it make clear to me that the CEO is strong on outlining the problems and weak on offering solutions . The new CFO speaks well and did offer some positive views on going forward, and he does have a background in the defence business, which neither the CFO or Chairman have, so perhaps the only positive from a very poor day.
Sounds quite positive from the podcast, and just noticed that Peel Hunt has given a buy rating today.
But I did get a better understanding of why watching podcast here bellow.
https://webcasting.brrmedia.co.uk/broadcast/623b00125929033805715060/628cb7a97432d566a424a43d
worth a watch!! New CFO comes across well and explains how errors can be corrected!!
Well said Hola ... I honestly thought the SP would tank this morning and there would be a big sell-off, but so far it seems there is quite a bit of buying, hopefully nothing but decent news from now on.
Relief the CEO is going, Chairman needs to do the same. He has sat by and watched disaster after disaster and done nothing, so we may well find the new CEO he appoints is just another disaster.
I am afraid the CEO got carried away with some early success, then started to over reach and we are now where we are. How the hell did the CEO get agreement to spend probably around £75000/100000 putting AVON PROTECTION on the back of Bath rugby shirts, the US DOD officials & Generals never used to watch English rugby, !! Most people think it is an advert for condoms, it shows the action of a CEO over reaching and not understanding his business.
Chairman please let The idiot go as fast as you can get a new CEO, then go yourself.
Fingers crossed Damian, hopefully this is as bad as it gets. One thing we do know is that there will be increased spending in defence globally, so this should bear well going forward. A change to the CEO (Board) is no doubt a positive and maybe there will be chatter of take-over. The dividend has also been maintained.
All to play for the next Quarter, if they start winning the contracts they are alluding to then today will be long forgotten and this share will go above recent highs
Really disappointing results. Regrettably I didn’t sell at £13+ worth about £7 a share now. Hope management doesn’t raise capital and take private.
Thank heavens that idiot has gone but we are left with his carnage. I wonder what his leaving package is worth? Note to chairman, it should be nil. I wonder where mactwit will turn up next to weave his magic. Knowing my luck it will be Cohort. Another one for me to tuck way and forget for a few years.
The Net Debt increase is impressive at least on the back of falling revenue and inflation headwinds. It will take years to dig out of this hole. A poster child for the recent past and run-up in prices brought low as the environment changes combined with their own specific problems. Stear well clear until the dust settles.
Agree- terrible
Worth shorting this unfortunately
Disastrous results only bright spot is ceo leaving having wasted millions on failed body armour business he has messed up profitablity on other parts. good riddance.