Buy Avon Technologies (AVON) by Malcolm Stacey in ShareProphets CLOSED

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  • Performance

    -39.56%

  • Price at start

    2,200.00p

    (ask)

  • Price at close

    1,270.00p

    (bid)

  • Tip made

    16/08/2021

  • Tip Status

    Closed

    19/08/2024

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Tip Notes

"...You can’t change your opinion of a good company into an also-ran if it suffers from changed circumstances outside its control. The investment bank Jefferies agrees with me. It finds that the fundamentals are still strong and it’s happy with the balance sheet. It has a target price of 4180p. Avon Protection has supplied protective gear to the UK Ministry of Defence and other allies for nearly 100 years. Its other customers include NATO, American Army, Navy, Marines, Air Force and Special Operations Forces. Super reliable A-list clients like this are often a sign of real strength in a company." - Malcolm Stacey, The Motley Fool

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