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Avon Rubber

September 2013

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:
  • 482p
Avon made it to new highs after it secured an important development contract for M53 masks for use in the US fixed wing aircraft fleet worth $6.7m over the next two years with follow on production orders potentially worth up to $74m. The latter being hugely significant to the size of the existing business.Separately, the company also issued a trading update ahead of results on 20 November. On the protection and defence side, H2 mask volumes have been similar to those seen in H1 whilst sales outside the DoD have grown materially year-on-year. The dairy side however has slowed with falling milk prices leading to lower demand for Avon's consumables.Investec forecast 29.7p for the year ending this month with 32.2p next year. Tippe ...

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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

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