image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Avon - Another forecast upgrade

December 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AVON
  • Price:
  • 212p
A strong set of full year results from Avon, sending the shares up past £2. Overall, revenue was up by 17% to £117m and pretax profit rocketed from £4.4m to £7.1m. Eps was 51% ahead at 21.9p.  Both sides of the business performed very well. The protection & defence side generated an operating profit up 44% to £6.5m on sales up 18% to £90.2m. The US operation grew strongly, helped by continuing supplies of the new generation M50 masks supplied to the Department of Defense (DOD), which represented 74% of divisional sales. The contract has two more years to run and chief executive Peter Slabbert notes that there are now probably some 500,000 masks delivered to the DoD, which is driving sales of spares, as well as filte ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW