Updates

Avon Rubber - 123p price target

June 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.

In light of interims, which were ahead of expectations, brokers have upgraded forecasts by 30% both for this year and next.Overall, revenue was up by 17% (23% at constant currency) to £56.5m and pretax profit doubled from £1.4m to £2.9m. Earnings per share were 126% ahead at 6.1p. Net debt increased to £14.4m, largely due to foreign exchange movements.Both sides of the business performed very well. The Protection & Defence side generated an operating profit up 50% to £3m on revenues up 21% to £43.3m. The US operation grew strongly with 134,000 new generation M50 masks supplied to the US Department of Defense (DOD). The contract is in year three of five and is now starting to grow sale ...

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

Subscribe now

Already a subscriber? Login

Entertainment One - Move to Full List in July

Statpro

Avon Rubber (June 2015)

Avon Rubber (March 2014)

Avon Rubber (September 2013)

Avon Rubber - Shares rocket after results; gain 20% (December 2012)

Avon Rubber (November 2012)

Avon Rubber (September 2012)

Avon Rubber - Homeland and export orders for M50 grow (January 2012)

Avon - Shares go higher (November 2011)

Avon Rubber (February 2011)

Avon Rubber (November 2010)

Avon Rubber - 52-week high for shares after positive statement (September 2010)

Avon Rubber (May 2010)

Avon Rubber (February 2010)

Avon Rubber - Turnaround from losses to a Â£3.5m profit (December 2009)

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