Morning all, it's Paul & Roland here, with the SCVR for Monday. Welcome back Roland!

Explanatory notes -

A quick reminder that we don’t recommend any stocks. We aim to cover trading updates & results of the day and offer our opinions on them as possible candidates for further research if they interest you. Our opinions will sometimes turn out to be right, and sometimes wrong, because it's anybody's guess what direction market sentiment will take & nobody can predict the future with certainty.

We stick to companies that have issued news on the day, with market caps up to about £700m. We avoid the smallest, and most speculative companies, and also avoid a few specialist sectors (e.g. natural resources, pharma/biotech).

A key assumption is that readers DYOR (do your own research), and make your own investment decisions. Reader comments are welcomed - please be civil, rational, and include the company name/ticker, otherwise people won't necessarily know what company you are referring to.

Agenda -

Paul's Section:

Avon Protection (LON:AVON) - profit warning from Friday seems temporary/fixable supply problems, rather than a lack of demand. So might be worth a closer look? Probably priced about right.

Roland's Section:

Mti Wireless Edge (LON:MWE) - this radio technology group has reported a strong set of figures today. It’s an overseas AIM stock, but it’s ticking quite a few boxes for me.

Tekcapital (LON:TEK) - This Oxford-based intellectual property specialist has released record results today. There’s a history of dilution, but profitability appears to be impressive.


Paul’s section

Avon Protection (LON:AVON)

2132p (down 28% on Friday) - mkt cap £661m

Shareholders here have had a rough time since AVON shares peaked at about 4635p in Dec 2020, having more than halved since then - opposite to the general market, which has done well over that period. It’s dropped back into our under £700m market cap territory here at the SCVR. As there’s not much news today, this profit warning from last Friday looks more interesting to cover.

Trading Update

Avon Protection plc ("Avon") today provides the following trading update for its current financial year ending 30 September 2021 ("FY21").

Positives -

  • “Good commercial progress” in H2
  • Order intake over 10 months to 31 July 2021 up 13%, at $221m
  • Order book currently up 21% on LY, at…

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