Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks Jay this could really boost the price per barrel by a few dollars, every man and his dog going politically green why should opec play to America when all America want to do is hard the price of oil, oils necessary for another 30 years so they must squeeze every penny profit they can and look after there own interests
You are right you can not tar everyone with the same brush but there has been errors within Avon management for equipment to fail the tests by American MOD, labour shortages and material shortages, do not bode well. I think we can all see the potential but its not a clear cut success, I think a overall loss on the full year due to fixed overheads is possible and would be the time to buy. As hard as I have tried accountancy is so complex and easy to fool people things are ok until final figures are published.
Thanks Mary, , got badly burned on Premier oil last year was in constant contact with investor relations and was told blatant lies, My brother was a VP for a drilling company that recently filed for chapter 11 he said the directors would be absolutely paling themselves about the state of the company then release a RNS painting a nice rose picture............ I don't trust Avon or any company to tell the truth as all companies tell lies. The thing with Avon is they could fully recover BUT its a single point failure that if the mess up the American military contract there screwed, would like to think its unlikely but it is possible!!
I do feel it will go lower but thats my opinion and could be wrong.
I wish you well with your investment and long term your right!!
Thanks for post have a nice weekend!!
Thanks Mary keep me right!!! Appreciate this info it helps I only have a small holding here, can see potential but also can see that it like all companies have risk involved, and as I found out in the past all companies are very selective when giving info to public about problems they have, hopefully I m over thinking here and management are trustworthy!!
https://www.thetimes.co.uk/article/body-armour-hold-ups-put-avon-protection-in-the-line-of-fire-bdl5wnb0n
Haven't paid so can not read full article but wasn't aware that one if its bulletproof vests had failed one of the US Department of Defense’s initial tests.
Personally I think its a guessing game ATM and think were far from out the woods, but hopefully I would like to think in 6 - 10 months time we be on the recovery, in the mean time there will be a lot of turbulence. Makes it an interesting one to watch!!
I was looking at the buys outweighing sellers by quite a bit this morning, then looked on an hour later and there had been a massive amount of sells which were now outweighing buys, would of thought price would of dropped buy rose higher.... LOL I never understand it but I think there will be many days where common logic dose not seem to make sense. I think a few months of uncertainty before the company gives clarity on whether the have addressed and improved there recent issues or not
(Sharecast News) - Analysts at Berenberg slashed their target price on safety equipment supplier Avon Protection from 2,955.0p to 1,740.0p on Thursday after the group cut its full-year guidance by roughly 40%.
Berenberg stated that if 2020 was "a year to remember" for Avon Protection, then the 2021 trading year had certainly been "a year to forget".
With several challenges coming to the fore, Avon "materially downgraded" its full-year 2021 and full-year 2022 guidance and while Berenberg noted that if its full-year 2023 numbers can be achieved, the stock still trades at "an undemanding" 16.5x price-to-earnings ratio for a 4.0% free cash flow yield.
However, the German bank said it was still seeking greater clarity that these earnings will be delivered before turning more positive.
"As a result, we maintain our 'hold' rating with Avon remaining a least preferred name for 2021," said Berenberg.
I m not looking for a fight but can comment as I like. Everything I ve said has been factual and my predictions right. I believe in a few years it could well come good again but not short term if you don't like it I m sorry but this board is for discussion and right now is not a good time for Avon wether your a share holder or not!!