Avesco Share Discussion Threads

[larva] 22/11/2016 07:19

PS likes VCP and I like VCP results

Profit up 92%
Good home for Avesco dosh

[davidosh] 20/11/2016 22:33

Just to let you all know...Paul Scott will be looking back and celebrating the Avesco deal tomorrow at our Mello on Monday event and will cover what to look for in companies that have quality stockranks and may indicate future bid targets . We will be covering at least five possible targets.



www.mellomeeting.co.uk

[alphabeta4] 20/11/2016 12:34

OT - Hi Pratt, not a family business as such but Str has a CEO who has a great track record of building up businesses and then selling them to 888. They announced revenue above expectations back in September but are currently hovering around a 240p support line. Finals were 16th November last year so should be any day now.
All IMHO of course and DYOR.

[pratt2] 19/11/2016 11:50

Very interesting post Que regarding the family owned angle.I am trying to research more listed companies with families having invested their lives into it, similar to Avesco. Any leads from your end would be much appreciated.RegardsPratt

[weatherman] 18/11/2016 19:23

I first bought Avesco in the early 1990s before they floated off videologic. I made a packet, but sold too soon. I bought again a couple of years ago and saw the share price rise from 100p to 650p.

[michaelmouse] 18/11/2016 13:30

Thanks russ505. We've all had a few "if only..." situations. Mine was Ashtead early in my investing life. Poised over the buy button when it was on the brink and the shares could be bought for around 2p. Even a £2000 flutter would be worth around £1.4m now. That's why my mantra remains buy, hold and be patient when you think you're on to a winner. Hence why I stuck with Avesco.

I know we share at least one other investment in common. Imo it could be another multi/multi bagger given time.

[russ505] 18/11/2016 12:56

Well done michaelmouse. After you highlighting Avesco @ 22p approx i put on my watch list. bought in @ 48p 13,000 shares 7 April 2010 and sold in two transactions 5000 @ 63p & 8000 @ 55p a nice short term profit in less than a month. If only i had held long term like you. Anyway WELL DONE absolutley brilliant.

[beazer2] 18/11/2016 12:47

I too sold at 635p but for a different reason. The price of 635p is way beyond anything I could have expected and is a realised figure. The 650p whilst perhaps 98-99% certain is subject to the bidder`s capacity to deliver, a collapse in the markets in the intervening period, the discovery of undisclosed matters at AVS etc etc. At this very small discount it seemed sensible to close out any risk, however remote. It does of course, as others have pointed out, also release funds for other investment.

[interceptor2] 18/11/2016 09:34

Also sold mine at 635p ,like others I think I can put the money to use elsewhere for some worthwhile gains rather than wait for an additional 2%. There is of course a chance that a counter bid might arrive which would be great for investors still holding. And if investors can achieve further gains I would be more than happy to offer my congratulations.

So far I have reinvested some of the proceeds in adding to my holdings in SPE and PEL.

[blueeyes13] 18/11/2016 09:11

Thank you Alphabeta, much appreciated and good luck in your future investing endeavours! :-)

[alphabeta4] 18/11/2016 09:01

Hi Dom

Nothing is guaranteed but at over 55% acceptance already it makes it look pretty strong here. From how I read it the docs go out later this month and they need to get to 75% to make it unconditional?

Personally I've sold at £6.365, my thinking is at roughly 2% off the offer I can make that elsewhere within the 2-3 months and it saves me wading through paperwork / looking for risks etc.

If you do want to weigh it up and get a feel for the process you may want to look at the boards of other recent takeover examples. POWR is one I happened to hold but managed to miss recently, that's a pretty good one as they have just gone unconditional on the offer.

This will probably be my last post here so all the best to all holders and good luck to those who have made life changing sums. Sadly I don't fall into the later category so I'm off to find my next deal!

[blueeyes13] 18/11/2016 08:39

I've just posted the below on Paul's Stockopedia blog and posting here for any constructive feedback....is the general consensus here that it's a done deal and a competitor bid is unlikely? I'm considering selling into the market now but would appreciate comments either way. I'm a 'bird in the hand type of guy' by the way. I've never been in a takeover situation so this is all new to me.approx when would we likely see the payment if all goes through ok and one holds unti lthe end? Thanks in advance for any assitance here.RegardsDom

[qs99] 18/11/2016 08:19

yup well done management! and Shares for tipping this just after Brexit where I picked it up due to £$ benefit....have sold all now and ploughed into DTG which IMO is worth a look, not sure it will do an AVS, but oversold and trading update yesterday provided comfort....DYOR and on to the next one

[martinthebrave] 18/11/2016 08:14

Sold the lot for 635p. Should be able to make up the 2.3% during the Xmas rally & no risk of the deal collapsing. Good luck to all & thanks to management.

[qs99] 18/11/2016 08:11

whey hey hey....this is awesome...well done all holders!!

[shauney2] 18/11/2016 06:43

Thinking of champagne at 6 am Dean.I like your style.

[gersemi] 18/11/2016 06:30

It's heart warming to see so many good people do well just before Christmas. It is why the stock-market, when used correctly, can deliver up our dreams

Congratulations

[deanowls] 18/11/2016 06:21

Just picked up the news. Champers has just gone in the fridge, five years of continuously buying has paid off.

[stocknoob] 17/11/2016 23:51

I'm fairly new to stocks and came across Avesco when looking at today's risers. .

Would just like to congratulate all the long term holders. It's nice to see a good result for once amidst all the usual pump and dump misery. Well done and enjoy

[shauney2] 17/11/2016 22:26

Maybe ZYT Big Fella or G4M

[fozzie] 17/11/2016 22:21

I hope so Big Fella, I topped up on Sprue last week. I've got a few I hope to see some mna on. Still pinching myself at this one though. Might be interesting to remember the buyer here and look to invest if they ever decide to float again.

[shauney2] 17/11/2016 22:08

Just seen the news.Fantastic.
My largest holding.I added after the recent update at 330p.I even looked today at 3pm and i thought of adding aggain but was busy putting blinds up.Couldn't believe they went below 280 recently.

Paul Scott..i think i owe you a pint.Sure i nicked the idea off your blog some time ago.

[the big fella] 17/11/2016 22:02

Who's next ? Sprue? Americans come knocking

[the big fella] 17/11/2016 21:47

Just left the pub. Gonna have a chicken kebab on the way home to celebrate. Just unbelievable really. Thought to take profits on many occasions over the years but have only added. All in the ISA bar 23k so I might even get my leg over tonight!