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5 February 2024
Avon Protection plc
("Avon" or "the Group")
Next Generation IHPS Delivery Order
Avon Protection plc is pleased to confirm that the Group has received its third delivery order worth $36 million from the U.S. Army under the Next Generation Integrated Head Protection System (NG IHPS) helmet contract, which was previously awarded in September 2021.
Jos Sclater, Chief Executive Officer at Avon Protection plc, commented:
"This order is a testament to the strength of our long-term contract positions, the growing demand in our addressable markets and the trust our customers place in our cutting-edge technologies every single day, all of which further underpin our position as a leader in mission-critical ballistic head protection."
Given the ship has been steadied and 2024 is reportedly setting up as a year for heightened M&A, it’s certainly a possibility.
That being said I’m invested here for longer term and sustained recovery given had to average down after an ill timed purchase in the £20’s……. If someone wants to come in and offer £20 a share right now though then feel free! :)
What are your thoughts on Avon being bought out by a larger defence company(or defense since most likey US based)?
Jos has a long history.....
Ultra Electronics - takeover by Cobham approved https://www.gov.uk/government/news/update-on-the-proposed-acquisition-of-ultra-electronics-holdings-plc-by-cobham-ultra-acquisitions-limited
GKN PLC was taken over by Melrose 2018
ICI was head of legal leading up to their acquisition by Alkzonobel and remained with Alkzonobel for a period after where various mergers and sell offs occurred.
Mergers and acquisitions seems to be a theme to his tenure everywhere....
Recovery continues.
Jos Sclater, Chief Executive Officer, said:
"After a year of strengthening the business, we are now focused on our objectives of creating a competitive advantage through superior execution, growing faster than our markets by delivering new and improved products to our customers, and increasing margins through our transformation programme. While there remain a number of opportunities and risks for us to navigate in the year ahead, I am pleased to see the results start to reflect the strategic and operational progress we are making. We remain focused on the actions required to deliver our medium-term objectives."
Avon will report its half year results for the six months ending 31 March 2024 on 21 May 2024. Prior to this, the Group will host a capital markets day on 8 February 2024.
There was an RNS...
In T212 this message was updated yesterday -
Military equipment manufacturer Avon Protection ($AVON) said Wednesday it bagged another order from the US Defense Logistics Agency.
The order, worth $14.2 million, is under the second-generation advanced combat helmet framework contract signed in February 2022.
Does anyone know about this new update at all? I couldn't find anything online!
Tempting fate, this is going to reclaim £10 again
I just trimmed as the price has now reached my average...if it falls back to the 7's I will average down.... otherwise there are plenty of other stocks I could do with bringing down my average....it was going to be PFC if it fell below 25 but it went up a fair bit today so that just didn't happen 🤣
Stockopedia showing slightly increased forecasts today - must be a new broker note out for the big boys....
It is indeed perky, I don't know or have any theory what's causing this, though plenty of very professional advertising on LinkedIn these days (pushing the current/future products and organic growth). Be interesting to see if it holds > £9
Perky today for sure
Have you considered reading the RNS?
Is this related to the sp hike at the end of the day ?
You mean somebody could be building a stake ? it is impossible to identify who ?
I note that an entity just doubled their holding to 10 %......things are getting interesting
Well I've heard they recently split the business into two P&L's which could point to sell off's/acquisitions, yet on the other hand it could just be a means for more focused control on costs within the two business sectors.....
Seems to have stalled again, but holding £8. ..seriously wonder if any announcement is just around the corner. Does anyone have any credible insight they're able to share?
Thoughts?
..and this evening, now Mrs Sclater has added to the Sclater pot... (or rather reported this evening). Glad I held my holding.
CEO and CFO piling in here. They must smell a takeover bid coming next year. I'm sure AVON would have many bidders who don't care about the p/e - rather interested in the strategic moat AVON has. GLA
Another day another RNS...further acquisition of ~£131K shares by Jos....you dont make an aquision that size without confidence
Try again, Cee Ooh Cee Kay
wont allow ******* on lse
nice piece on avon by richard crow (****ney rebel) https://****neyrebel.substack.com/