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

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.