Avon Rubber (AVON)

Sector:

Defense and Aeronautics

Index:

FTSE 250

2,664.00p
   
  • Change Today:
    -36.00p
  • 52 Week High: 4,625.00p
  • 52 Week Low: 2,660.18p
  • Currency: UK Pounds
  • Shares Issued: 31.02m
  • Volume: 118,536
  • Market Cap: £826.46m
  • RiskGrade: 186

Avon Rubber secures 10-year mask systems contract with NATO

By Michele Maatouk

Date: Wednesday 19 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Avon Rubber has been awarded a 10-year contract by the NATO Support & Procurement Agency to supply FM50 mask systems, powered and supplied air systems, filters, spare parts and accessories.
The company said it expects to receive the first order under this contract shortly, with initial deliveries contributing to its expected Rest of World Military revenues for the 2021 financial year.

Chief executive officer Paul McDonald said: "I am delighted that Avon Protection's world leading expertise in respiratory protection has been recognised by NATO through this contract award.

"This contract award reflects continued delivery of our strategy to further broaden our customer base and maximise the value from our current portfolio."

Avon Rubber specialises in the engineering and manufacturing of respiratory protection equipment for military, law enforcement and fire personnel, and milking equipment for dairy farmers.

At 0925 BST, the shares were up 3.4% at 3,547.65p.

Broker Peel Hunt said: "This further underpins our expectations for RoW revenues and is a contract that we have been tracking as a possible win, so we are not changing our numbers on the back of the announcement.

"However, we note that not only does it bring all of NATO on to the latest FM50 technology, it also covers a very comprehensive suite of products, including powered air and all associated filters and accessories, which offer good margins and attractive levels of aftermarket and recurring revenue."

The broker reiterated its 'buy' recommendation and 4,200p price target.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Avon Rubber Market Data

Currency UK Pounds
Share Price 2,664.00p
Change Today -36.00p
% Change -1.33 %
52 Week High 4,625.00p
52 Week Low 2,660.18p
Volume 118,536
Shares Issued 31.02m
Market Cap £826.46m
RiskGrade 186

Avon Rubber Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.24% below the market average96.24% below the market average96.24% below the market average96.24% below the market average96.24% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
38.06% below the market average38.06% below the market average38.06% below the market average38.06% below the market average38.06% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
73.99% below the market average73.99% below the market average73.99% below the market average73.99% below the market average73.99% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
33.63% below the market average33.63% below the market average33.63% below the market average33.63% below the market average33.63% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avon Rubber Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Aug-21 11-Feb-21
Paid 03-Sep-21 12-Mar-21
Amount 14.30¢ 18.06p

Trades for 18-Jun-2021

Time Volume / Share Price
16:47 353 @ 2,664.00p
16:35 51,645 @ 2,664.00p
16:30 838 @ 2,670.00p
16:29 1 @ 2,678.00p
16:29 0 @ 2,678.00p

Avon Rubber Key Personnel

CEO Paul McDonald
CFO Nick Keveth
Chair Bruce Thompson

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