$AVON.L – Avon Rubber – Contract Award

Defence-sector company AVON “is engaged in the design, and manufacture of respiratory protection products for defense, first responder and industrial users.”

Today it issued an RNS (http://is.gd/Rsig9R) stating that it was awarded a contract to supply 52,000 if its C50 respirators and the new MILCF 50 filters to a Middle Eastern Customer. It expects to fulfil those orders during FY2014.

This send the shares 3.2% higher to 496p. It was one of the shares I had chosen for 2013 (http://is.gd/iL4C3a). Shares are up 34% YTD, well ahead of the Footsie. I just wish the same could be said for some of the other shares I chose!

AVON was selected as a momentum share, and has delivered on that expectation. It hasn’t be a uniform process, though. You would have had periods of underperformance.

The vital stats that I am currently using for momentum are: PER 15, RS6m 19%, PV50 6.9%. This, coupled with the fact that the market has responded well to the news, suggests to me that there is still momentum left in the company.

No holding.


About mcturra2000

Computer programmer living in Scotland.
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