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avon rubber chart outlook? (AVON)     

WOODIE - 16 May 2003 09:49

I NEED A CHART VIEW ON AVON RUBBER SINCE SHARES TIPPED THE STOCK IT HAS GONE SIDEWAYS VIEWS APPERICATED CHEERS

Guscavalier - 17 May 2007 16:41 - 5 of 78

sp up 6p to 184p following interim results anouncement.

WOODIE - 17 May 2007 18:37 - 6 of 78

gus been watching for the last year when the turnaround will come looks like it will be soon.

Guscavalier - 17 May 2007 20:45 - 7 of 78

One lives in hope Woodie. The Board seems to be making the right moves but, events occur that seem to delay things. The latest being the U.S. government order delay on the new masks. However, with a modestly sized Capitalisation compared to the potential future sales of the new advanced masks both to goverments and commercially, the sp could show a marked improvement. Meanwhile a Gross yield of 4.5% is useful. I purchased these around the 170p level as a recovery situation.

Guscavalier - 14 Jun 2007 20:34 - 8 of 78

Avon Rubber PLC
13 June 2007


For Immediate Release 13 June 2007

Avon Rubber p.l.c. ('Avon' or the 'Company')

Employee Share Ownership Trust

Avon Rubber p.l.c. (the 'Company') announces that, the Company has recommended
to Towers Perrin Share Plan Services (Guernsey) Limited (the 'Trustee'), the
Trustee of the Company's Employee Share Ownership Trust (the 'ESOT'), that it
revise the current hedging arrangements in respect of the Company's Performance
Share Plan 2002 (the 'Plan'). The ESOT currently holds 666,190 shares in the
Company which are being held to hedge potential awards under the Plan. Given the
likely vesting profile of these awards the Company has recommended that the
Trustee consider disposing of up to 666,190 ordinary shares of 1 each in the
Company, at such time as the Trustee sees fit.

The original purchase of the shares held by the Trustee was funded by payments
from the Company to the Trustee made for the purposes of establishing the
hedging arrangement relating to the ESOT. To ensure that there is no prejudice
to the beneficiaries of the ESOT, the Trustee will apply the proceeds of any
disposal to subscribe for up to 666,191 new ordinary shares of 1 each in the
Company.

Once the disposal by the Trustee has taken place a formal application for the
listing of up to 666,191 ordinary shares of 1 each in the Company will be made
to the UK Listing Authority and the London Stock Exchange. The shares are being
allotted to trade on the London Stock Exchange and to be admitted to the
Official List upon allotment and will be held by the Trustee in order to satisfy
awards under the Plan.

The total number of ordinary shares subject to awards currently outstanding
under the Plan is 812,765 (representing 2.87% of the Company's issued share
capital).

Guscavalier comment: T/over today 676,000 shs. Maybe some or all of the Trustees' holding included in this figure. Presumably, this will in effect raise additional cash for the Company if new shares are to be issued.

Guscavalier - 18 Jun 2007 20:46 - 9 of 78

Gartmore Investments have announced an increase in its holding from 1,775,000 to 3,241,926 shares representing 11.439%. All the shares are held for various Gartmore named funds, except for 54,550 shares beneficially owned by Strathclyde Pension Fund, managed by Gartmore. This represents some solid support. sp 184p.

Guscavalier - 02 Aug 2007 10:01 - 10 of 78

I decided to exit these for now at 168p. The lack of progress re US Gov mask orders and the probable further weakness of the us$ to my mind may put the dividend at risk. I shall be keeping an eye on these though as they may offer a better opportunity at a lower level. Politics in the US may well be the stumbling block to orders at present. sp 167p.

HARRYCAT - 07 Dec 2007 16:53 - 11 of 78

Looks like the Gas mask contract is a done deal.
Deal value about 1.2b with a 10% profit margin.

WOODIE - 07 Dec 2007 18:24 - 12 of 78

harry are you in this?

HARRYCAT - 07 Dec 2007 22:25 - 13 of 78

No, but am seriously considering it.
This has gone nowhere for quite a while, though divi is good, but with this new contract potential profits are looking encouraging. A number of things could go wrong & I am sure there are penalty clauses if deliveries are not made on time, but it looks to be a solid medium term investment.
It's on my watch list & once the Fed interest rate announcement is out of the way, I will try & free up some cash.

WOODIE - 23 Jan 2008 12:41 - 14 of 78

Avon Rubber PLC
23 January 2008

Embargoed for 10.30 a.m. 23 January 2008

Avon Rubber p.l.c.
('the Group')

AGM Statement

At the Annual General Meeting to be held today the Chairman, The Rt. Hon. Sir
Richard Needham, will make the following statement to shareholders:

'At the time of our preliminary statement at the end of November 2007, we said
that the Group had reached a number of significant milestones. We had announced
that the full rate production decision had been made on our new military
respirator and that we had received NFPA certification for our new
self-contained breathing apparatus product, manufactured at ISI in Georgia.

The growth in our Protection and Defence business has been slower than we
anticipated. However, we are now agreeing the detail of the multi-year contract
for the new military respirator, which will commence with an annual rate of
100,000 units, and expect this order to be confirmed in the very near future. We
anticipate that this will quickly be followed by a requirements order to cover
additional demand for the US military.

We have also received a funded development contract from the US Department of
Homeland Security for the new EH15 emergency hood which we believe has
significant long-term potential.

At Avon-ISI, whilst enquiries have remained at a high level, the conversion of
these to firm orders is taking longer than we anticipated. We are confident that
this is a timing issue and would expect to see growth at this business in the
second quarter continuing into the second half of the year.

Sales of our dairy products in North America continue at a consistently high
level. We expect this to remain the case and we have also seen a continuation of
the growth in sales in our European operations.

Avon Engineered Fabrications is in the process of confirming some long-term
contracts for supply of fluid storage tanks and we believe this will give a
strong base for growth in this business over the next few years.

Overall the Group performance in our first quarter of the financial year has
been below expectations. Net debt increased by 2.3million to 12.7million at 31
December 2007, with increased inventory relating to the delayed deliveries to
the DoD and a seasonal reduction in payables.

We also said in November that we were committed to the sale of our UK Mixing
facility at the earliest opportunity or, if a solution could not be reached, we
would close it. In the absence of any sale of this operation being concluded, we
are now starting the process of closure.

Whilst the growth in our respiratory protection business has been delayed in the
first quarter, the levels of enquiries and expected orders give us confidence
that in the next few months we will see the expected enhanced performance for
the Group. The Board remains confident that the work already carried out,
together with continued investment in new product development, will lead to a
period of sustainable and profitable growth for the Group.'

-Ends

Guscavalier - 23 Jan 2008 18:00 - 15 of 78

Yet more delay with orders, without which, the market must start worrying about dividend maintenance. No doubt the Company has good products but, probably remains too reliant short term on the US government order position. However, at these levels, they could well attract a preditor with more financial muscle.

WOODIE - 23 Jan 2008 19:55 - 16 of 78

seems delay after delay would be surprised if the divi is kept at these levels still on my watch list

Guscavalier - 08 Feb 2008 15:31 - 17 of 78

08 February 2008

Strictly embargoed until 07:00 8 February 2008

AVON RUBBER p.l.c.
( 'the Group' or 'the Company')

Sale of Aerosol Gasket business ('the business')

The Board of Avon Rubber p.l.c. today announces that it has exchanged contracts
for the sale of its Aerosol Gasket business to Crosslinks Limited, based in
South Wales and Corsham, Wiltshire, for a consideration of 1.75 million
payable in cash on completion of the sale.

The business, currently located in Avon's Wiltshire facility, manufactures and
supplies cupseals and stem gaskets for a global customer base. It currently
employs approximately 68 staff and incurred an operating loss of 0.1 million
(before an allocation of 1.1 million of shared service costs from our UK
manufacturing facility) on a turnover of 4.7 million, in the financial year to
30 September 2007. The gross assets of the disposed business were 3.2 million
and the net assets 2.1 million as at that date.

Completion is expected to be in early March 2008 and the proceeds will be
utilised to reduce current borrowings.

Commenting on the sale, Terry Stead, Chief Executive of Avon Rubber p.l.c. said:
'The sale is a further step in the rationalisation of the Group. It allows the
Company and its management to add focus and time on the Protection and Defence
and Dairy businesses which are the cornerstones of the Group's future.'

Guscavalier comment: sp currently around 104p having fallen significantly recently and should reflect some doubt that the dividend will be maintained. Looks like the above sale was made at a discount to net assets & company was probably not in a good bargaining position a current time, particularly with the company sold being loss making & Avon probably happy to reduce its gearing. Still watching for now.

WOODIE - 18 Feb 2008 16:40 - 18 of 78

LONDON (Thomson Financial) - Avon Rubber PLC said chairman Richard Needham bought 15,000 shares at 100 pence each, and now holds 41,246, or a 0.14 pct stake

Guscavalier - 18 Feb 2008 18:52 - 19 of 78

Good spot WOODIE. Other Director holdings:

S. Stone 59,655 T.Stead 57,608 L.Richards 39,534 B.Duckworth 31,000
Stella Pierce 21,000

Be interesting to see if any of these Directors buy as well. Still just the sort of guide we are looking for. sp100p

Guscavalier - 21 Apr 2008 08:36 - 20 of 78

21 April 2008
AVON RUBBER p.l.c.

('Avon', the 'Group' or the 'Company')

TRADING UPDATE AND BOARD CHANGES

The Company is issuing the following update in respect of the half year ended on
31 March 2008.

In our AGM statement we noted that growth in our Protection and Defence business
had been slower than we anticipated and that the Company was expecting
confirmation of the multi-year contract for the new M50 US military respirator
in the very near future. The regulatory and administrative processes undertaken
by the US Government for contracts of this value and duration have taken much
longer than previously projected. We are however now in final contract
negotiations with the Department of Defense for this 5 year contract worth in
excess of US$100million. A follow-on requirements option to cover significant
additional demand over a period of up to 10 years will be executed at the same
time. In the interim, government funding has already been committed for long
lead items to allow us to commence production immediately under this programme.

The effect has been to delay sales on the main production contract into the
second half of the year. This will mean that the Group will incur a loss for the
half year. Once the multi-year contract is received however, it will provide the
basis for increased turnover and a return to profitability in the second half of
the year making a profit for the year as a whole. The 2009 financial year should
reflect the full benefit of this new business.

At the same time, Terry Stead has decided to stand down as Chief Executive with
immediate effect and will be succeeded by Peter Slabbert, Finance Director.

The Chairman, Sir Richard Needham, commented:

'Although the market and shareholders will be disappointed with our first half
Protection results, the Board is confident that the Company is very close to
receiving the multi-year order for the Joint Service General Purpose Mask from
the US Government. It is not unusual for there to be teething problems with new
and advanced programmes of this nature and we have experienced further
unexpected delays. The order should deliver a long-term growing and profitable
revenue stream for our Protection operation to complement the already successful
Dairy business. To win the world's largest contract for the world's most
advanced respirator represents an enormous achievement for the Company.'

'We have now reached the point of restructuring where Avon Rubber is a high
value-added, defence and dairy focused company. Terry Stead has therefore stood
down as CEO. His successor is Peter Slabbert our Finance Director. I am certain
that his experience and expertise make him the ideal candidate to take the
Company forward.'

Terry Stead said:

'Having completed the major reorganisation from a mainly automotive business,
and with the imminence of the multi-year order for the Joint Services General
Purpose Mask, I feel now is the right time for the Group to move forward under
new leadership. I wish Peter and his team every success in delivering the
benefits from these substantial opportunities.'

Commenting, Peter Slabbert said:

'I would like to pay tribute to Terry Stead's contribution to the company over
10 years as Finance Director and then CEO. During that time he has overseen the
repositioning of the company from a predominantly automotive business to one
focused on international defence and dairy markets.'

< END >

Mr Stead imho has tried to put a positive outlook on things,however, did he decide to go or was he pushed. Avon needs to get this US defense contract and these delays have given the market the jitters. However, if the contract comes through, the Company's return to profit over coming years ill propel the sp alot higher from the current 86p level. Moreover, if the outlook does now look more positive, a bid may emerge with a view to splitting the business up. With the shares totally unloved, this may be the appropriate time to take a modest interest.

hlyeo98 - 27 Nov 2008 19:58 - 21 of 78

Avon tumbles to loss - MoneyAM


Avon Rubber today reported a full-year loss of 19.5m, compared to a profit of 1.1m last time.

Group revenue grew to 54.6m in the year to September 30th 2008, up from 48.7m in 2007.

The company will pay no dividend.

Peter Slabbert, CEO, commented: 'Our Dairy business remains successful, while the 10 year US Government M50 respirator programme, awarded in 2008, will provide strong and consistent future sales volumes contributing to a return to profitability in our Protection & Defence business.

In the current difficult credit markets the agreement of facilities with our bankers to 30th June 2010 gives the Group a stable platform from which to capitalise on the opportunities available to it in its chosen markets.'


halifax - 08 May 2009 16:00 - 22 of 78

Now on the road to recovery with contracts from the ministries of defence in the US and UK. Results due in a couple of weeks.

halifax - 15 May 2009 12:47 - 23 of 78

Results out on 21st may, buy recommendation in Shares mag up 11% today.

halifax - 20 May 2009 15:32 - 24 of 78

sp up a further 7% today results due tomorrow.
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