Avon Protection Share Price (AVON)

Apology for political digression. I should stick to price earnings ratios.

Peace not likely, since ukraine only speaks to its chums. Strange to hold a peace conference with people who agree with you, whilst refusing to speak to your enemy, which is the only person with whom a deal can be done . Apparently in a few months the result of the conference will be given to russia for consideration. I think if they gave zelensky a rifle and told him to get to the front there would be talks with putin the next day. As it is, he had his backpack ready

I would just hold while ukraine war continues, and sell if negotiations start. Is that too simplistic ? Maybe

Over the past 10 years or so whenever I've invested in AVON it has ended in tears. Now, owing to a senior moment, I've done it again. I really should know better. You have been warned.

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.”