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AVG Avingtrans Plc

390.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avingtrans Plc LSE:AVG London Ordinary Share GB0009188797 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 390.00 380.00 400.00 390.00 390.00 390.00 13,615 07:45:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 116.95M 5.19M 0.1579 24.70 128.3M
Avingtrans Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker AVG. The last closing price for Avingtrans was 390p. Over the last year, Avingtrans shares have traded in a share price range of 330.00p to 450.00p.

Avingtrans currently has 32,897,522 shares in issue. The market capitalisation of Avingtrans is £128.30 million. Avingtrans has a price to earnings ratio (PE ratio) of 24.70.

Avingtrans Share Discussion Threads

Showing 2551 to 2575 of 3150 messages
Chat Pages: Latest  114  113  112  111  110  109  108  107  106  105  104  103  Older
DateSubjectAuthorDiscuss
09/12/2016
12:24
I'd very much welcome them taking over Pressure Technologies, reasonable fit and some useful diversification, also PRES could benefit from being part of a larger better capitalised business.
rhomboid
09/12/2016
11:20
Roger - During my visit to the AGM I distinctly gained the impression the BOD were not sitting on their hands, however they hinted they have been examining many companies with a view to a possible acquisition but these are proving hard to find given their tough criteria that they apply.

In respect of the SMRs you raise, they may well be involved with RR but as regards mentioning any possible involvement they are being advised to withhold any information by their brokers, perhaps until there is something definite to announce in an RNS.

dgwinterbottom
09/12/2016
11:11
Ah I have just noticed "small modular reactor"
dgwinterbottom
09/12/2016
11:05
Roger - good to see you once more, forgive my ignorance could you clarify "SMR's" please?
dgwinterbottom
09/12/2016
10:49
For me , I would like to see the directors are earning their keep, they give the impression they are sitting on their hands even though that may not be the case.

Also no mention of SMR's in their presentation , I do hope they are involved and included in the winning bid to take this technology forward and even better if the winner was the RR consortium, Metalcraft have had a history of supplying RR so there is a good chance they will be inolved somewhere along line.

rogerrail
09/12/2016
09:04
The next step will likely be an RNS about an acquisition by AVG of a related company in terms of end markets. That'll possibly be combined with a trading update or maybe news of further orders. Until then I'm relaxing and letting a proven mgt get on with it. If your bored there's a very good presentation on their investor site detailing the scale of the opportunity
rhomboid
09/12/2016
08:57
Bit fuzzy on what the next steps are for this share tbh.

Any ideas?

affemoose
01/12/2016
20:45
3m3 box plant
cockerhoop
28/11/2016
11:50
DOH! Thanks, missed that small but rather significant fact!!

Thanks

affemoose
25/11/2016
20:10
que?
They have been!

pldazzle
25/11/2016
09:26
I take it that nobody knos when the shares will be cancelled??
affemoose
23/11/2016
15:36
I've received my cash for my tendered shares yesterday via AJ Bell. I took 100% off the table and good luck all on this board for the future. Regards
blueeyes13
23/11/2016
09:51
They did state that the divi is payable on the tendered shares.

Brokers should be receiving the tender funds about now, so transactions will appear in accounts soon (I hope).

greasynut
23/11/2016
09:46
Anyone know when these tendered shares will be cancelled?
affemoose
21/11/2016
10:18
That's my understanding, I don't see how they can do anything else, especially as the offer price was calculated relative to the market price which included the forthcoming dividend.

They should really have specified it for clarity given how close the dates are.

If we don't get the dividend on the tendered shares I'll be shouting about it, but I am sure we will.

puffintickler
21/11/2016
09:59
One other point of clarification regarding the 2.2p final dividend payable on 9 December.
The ex Div date is 28 October and the effective date for tendering shares was 3 November , so tenderers should get the dividend?

ganthorpe
10/11/2016
07:30
Thanks for the clarification Brian, good to meet up once again.
dgwinterbottom
09/11/2016
23:47
DGW, thanks for the write-up.
One point I checked when I got home was that they had previously intended to return £28m, leaving £20m in the business. Demand for cash was low, so they returned just under £20m, leaving £28m. They clarified at the meeting that they did not intend to return further cash.

briangeeee
09/11/2016
18:01
Tks from me too DG and impressed they gave you and the one other shareholder so much time
cerrito
09/11/2016
16:05
Again, thank you DG.
steve3sandal
09/11/2016
15:07
Thank you very much for the review DG.
nw1234
09/11/2016
13:53
Thank you DG very interesting reading, I'm fascinated to see what they've got lined up as their first newco deal
rhomboid
09/11/2016
13:06
Thanks DG - very useful summary. Thanks for taking the time to attend and post.
jestercat2
09/11/2016
12:58
Sincere apologies for the delayed report on yesterdays AGM due to lap top problems now resolved!

There were just two shareholders – myself and Brian Gee – along with the Board to hear a somewhat muted report compared to previous years due to things now being in a state of “flux” following the sale of the Aerospace division and the progressive build up of the Energy &Medical unit.

The Chairman as usual quickly despatched the official part of the event stating as he did so the results of the take up of the share buy back declaring that not all of the available amount had been tendered. The share holding of himself and Nigel Wray had been reduced to reflect the result pro rata. In respect of what use the monies available for the outstanding shares not taken up would be put was not mentioned.

Steve McQuillan – CEO – then took over, to give a run down of the current state of play with regard to the Energy & Medical divisions and their current status.
The progress of the 3M3 boxes for Sellafield is ongoing with the pre production examples now having been constructed and passed inspection by the Sellafield authority and they are now working towards the production examples that will take just about most of the next Calendar before manufacture in volume rapms up in the beginning of 2018. The manufacturing site has the capacity to expand to possibly two or three times current anticipated production should this be required principally because there are other such requirements in Europe that whilst not the same as the Sellafield design, the ability to manufacture the alternative structures is well within the Metalcraft capability. In regard to this European possibility the Board feel that given the Brexit situation they may well obtain a company in Europe in order to access this market but time will dictate the steps required.

The Board themselves are currently looking to search out possible acquisitions that may be able to enhance the Company prospects for the future and stress there is nothing on the horizon as yet and they have no preconceived ideas at the size of any possible acquisition, indeed if the intended acquisition is big enough to warrant it in the future they would not be averse to a fund raising by the issue of shares – he stressed if this becomes the situation not wishing to be seen as strange talking of more shares to be issued whilst buying back at the current time! As previously stated they are not in any hurry and will not overpay. Metalcraft recently won a top industry award with the Nuclear Decommissioning Authority that pleased the Board immensely explaining that whilst there was no cash involved the raising of the Company profile within the industry pointed to the fact they were the Company to be contacted in certain areas of expertise. They are looking to tender for work that will arise once Hinckley C gets into its stride but that is probably more than 2-3 years away whilst the concrete is poured and set! They are also busy with items previously supplied from the Maloney inventory such as the Nuclear valves required by various EDF sites as well as other equipment.

In respect of the MRI scanner manufacture there are now three companies in China for whom they are manufacturing equipment albeit on a small scale at the present time but see good opportunities following the Rapiscan order that is also involving the composite division, most major airports will be required to have the capability to rapidly scan hold baggage in order to maintain the efficiency of baggage handling in various forms.

The Future Engineering Technology project is ongoing this is being undertaken by Crown and there is a possibility of further projects based on the equipment thus developed That may have alternative applications within the carbon capture environment.

To conclude, very much a case of “wait and see”one has to say it was very much a reduced agenda given half of the Company – aerospace – is no longer included but I did get the sense that the Board feels there are significant opportunities within the fields in which they operate and to that end will make acquisitions they feel could enhance their capability in any niche market they serve. It was also the final meeting of the longest serving NED Jeremy Hamer who was with the company in its previous form before it became a cash shell from which Avingtrans evolved. I have known him for many years having met up in a previous company and I was sad to see him retire from the Board.

dgwinterbottom
08/11/2016
21:19
Be interested to hear from anyone who made the AGM...I see the RNS with the outcome was issued at 1245 but on the website there was no news of when it started.
cerrito
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