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Me, not a bad tactic, but would they announce a sudden order from say Israel or indeed any other country in the current atmosphere?
Sold out after good rise for me the director buys we’re made as part of there duty to hold so many and not because company is cheap.Debt will still be high going forward no substantial new orders have been forthcoming regret buying in here not like my holdings in QQ. And CHG which have record growing order books maybe for a long time to come. Good luck all
Some good movement higher of late followed by director buying, results believe nov
They know that they will not make the same mistakes of the past!
Looks like ceo and chair think this is a good investment.
What do they know? Oh yeah, they probably know something.
Evan.. "no" I don't think so. I think the jump is for one or two reasons, i) the situation in the ME [given they are a defence sector stock], ii) a statement affirming Avon isn't about to go out of business [far from it], and iii) as many have pointed out on this board, the SP represents good value
'lacks momentum'.....certainly not the case today....
I have to wonder (given the size of jump) if some other news is leaking today to be confirmed in an RNS soon....
Avon Protection plc issued a trading update for the FY ended 30th September this morning. Full year trading was in line with the Board's expectations, as expected, trading in the second half of 2023 was stronger than in the first half, with order book growth and higher underlying earnings. H2 adjusted operating profit margin is broadly flat versus H1, the Group’s balance sheet is strengthening net debt-EBITDA on a covenant basis at the end of FY 2023 is expected to have reduced to around 2.0 times, compared to 2.6 times at the end of H1 2023. Valuation is decent if unexciting with forward PE ratio at 16.5x. However, share price remains in a longer run correction and lacks momentum. Monitor for now...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/AVON/816
The large spike in volume a month ago was mostly down to a £7M buy. A month later the SP is 15% up.
Guess they were just lucky, or skilful.
Mkt capt and profit not in line ?
Decent update, I've bought in.
Ninespot, on the one hand, I do agree with you as they are a defence sector share - but their product range is quite narrow. That said Bae Systems that makes support combat vehicles, provides ammunition, precision munitions, artillery systems and missile launchers etc etc only made 7.9% whilst Avon = 13%. Avon seems good value to me at the mo.
STILL money to make here
Lucky is the investor who bought in at 582 now sitting on a 13 % profit on less than 5 days....someone always makes money
Previously the mention of WARS would have sent this share upwards .l dont think these Guys have a clue
Looks good value to me.
Is there evidence of this toli....or is it simply a guess on your side?
Institutions are off loading
Someone an awful lot richer and better informed than either of us observed 'The stock market is a device for transferring money from the impatient to the patient.'
> 50 % of the company is in the hands of institutions. They no doubt have patience too....
I share their optimism....
..decent level or SP, not decide level..
Evanescent, on what basis do you say that? I believe it will be a very long haul now to anything like a decide level or SP. I also don't believe Avon will be bought, I sense there's an honest denial of that from this ceo - for once. Sell off is not the startegy IMO
Most definitely not dead ....more than happy to wait for the turn.
Happy days
REally odd dead as a door knob ANY ONE HOme
At £6.35 upwards and onwards from here