Avon Protection Share Price (AVON)

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

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.

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.

I agree with your statement: 18-May 07.34