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

StockMarketWire.com
Avon Rubber has won an order for 166,623 M50 mask systems worth USD42m under its 10 year sole source contract with the US Department of Defense. This order secures the anticipated volume of M50 mask system sales to the DOD for our 2016 financial year.

Chief executive Rob Rennie said: "The continued fielding of our M50 mask to all US service personnel pursuant to the JSGPM contract vehicle continues in line with our expectations. The M50 provides US troops with state of the art protection against CBRN threats."

Ex-divi Thurs 6th Aug (3.16p)

StockMarketWire.com
Avon Rubber expects full-year pre-tax profits to be in line with current market forecasts.

The group's trading update for the five months ended 31 August says: "In Protection & Defence, we are pleased to announce that our unique CBRN/CO Escape Hood has received NIOSH approval and we have received an order worth $9m from a major US city police department for this new product, the majority of which will be delivered this financial year.

"Mask systems production has, as planned, been focused on fulfilling deliveries to the US Department of Defense under our 10 year sole source contract for the JSGPM M50 mask systems. We continue to see a number of higher margin export opportunities for military masks although, as always, the timing of order receipt is unpredictable; these opportunities remain live and are being progressed, albeit more slowly than previously expected, with the result that we now expect to receive and deliver these orders in our 2017 financial year."

Dairy:

It says: "General market conditions for dairy farmers have been weak for the majority of the period, as milk prices have been low. This cyclical market dynamic has, as expected, reduced demand for our consumable products as farmers overuse product to extend its life. This has been more noticeable in the InterPuls business where the nature of the product is more capital/semi-consumable than consumable.

"Milk prices in our major markets do, however, appear to have bottomed-out and have started to improve in the final quarter.

"The programme for the roll out of InterPuls products through existing Milkrite distribution in the US has commenced with the first revenues seen in the final quarter of the financial year.

"This, together with our expectation that the recent improvement in milk price will continue and positively impact demand for our products, leaves the Board confident of the ability of the Dairy business to make progress in 2017."

Chief executive Rob Rennie said: "The 2016 result demonstrates the robustness of our business and we exit the year as a stronger business looking forward to the many opportunities available to us in 2017."

Full year results for the year ended 30 September will be announced on 16 November.

Excellent set of interim results this morning.

An unexpected 30% hike in the interim divi too.

StockMarketWire.com
Avon Rubber has won contract to supply approximately 37,000 of its FM50 respirators together with a range of related spares and accessories to an unnamed customer.

Avon said it expected to fulfil the order during the first half of its 2018 financial year.

Chief executive Paul McDonald said "I am pleased to announce this contract award, which reflects our further expansion into foreign military markets.

"This will strengthen our year end order book and gives us continued confidence heading into our 2018 financial year."

anyone in the know re avon drop today?

StockMarketWire.com
Avon Rubber has received confirmation from the US Department of Defense of the group's participation under the joint enterprise - research, development, acquisition and production/procurement contract vehicle.

The JE-RDAP is an $8.2bn, 10-year multiple award framework contract which establishes a group of qualified contractors to compete for orders in relation to chemical, biological, radiological, nuclear and enhanced conventional weapons defence systems, equipment and material.

Avon said the JE-RDAP framework was important to the group as it was the procurement structure under which two CBRNe programmes, the M53A1 respirator and the M69 aircrew mask system would be purchased.

It added: 'These programmes are potentially significant to the group in the medium term and, having secured participation under JE-RDAP, initial task orders are expected to be received during the course of 2018.'

Jefferies International today initiates coverage of Avon Rubber PLC (LON:AVON) with a buy investment rating and price target of 1230p.

Avon calling!! (Had a S/L on at 900-glad it did not go that low)

StockMarketWire.com
Avon Rubber has received an order for 53,000 M50 mask systems worth $14.3m from the US Department of Defense.

The company said this order together with the closing order book of 49,000 mask systems as at 30 Sep, secures the anticipated sales of M50 mask systems to the DoD for its 2018 financial year.

Berenberg today initiates coverage of Avon Rubber PLC (LON:AVON) with a buy investment rating and price target of 1715p.

US Department of Defense M50 Mask Systems Order
Avon Rubber p.l.c. is pleased to announce the receipt of an order for 93,000 M50 mask systems worth $25.0 million from the US Department of Defense ("DoD").

This order further contributes towards building the order book for our 2019 financial year and we continue to pursue a number of identified opportunities with the DoD and Rest of World Military customers to build the order book further.

StockMarketWire.com
Avon Rubber hiked its dividend Wednesday after reporting a rise in annual profits even as revenue growth was limited by a stronger pound.

For the 12 months ended 30 September, profit before tax grew to £21.6m from £18.9m a year earlier and revenue increased by 4.0% to £165.5m.

The stronger pound hurt performance as the company's US businesses accounted for over 70% of the group.

The closing order book of £37.8m was 23.4% higher than at the end of 2017, while the opening order book for 2019 provided 'good visibility heading into the new financial year,' the company said.

The company increased the final dividend by 30% to 10.68p

'The revenue opportunities from new products and customers is expected to offset the impact of the anticipated reduction in M50 mask system volumes,' Avon Rubber said.