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
  -0.50p -0.26% 190.00p 188.00p 192.00p 190.50p 190.00p 190.50p 9,231.00 15:14:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 21.2 0.2 112.3 1.7 34.80

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Date Time Title Posts
06/1/201714:51The Crown and Glory is AVG2,391.00
06/6/201611:06AVINGTRANS.......Buy 68.5p cash for 50p9.00
07/1/200521:31Avingtrans - an easy 25% ?149.00
16/12/200408:21Avingtrans Profiting From Speed Cameras13.00
30/6/200309:41Paving the way to pay dividends3.00

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Avingtrans (AVG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
20/01/2017 16:16:28188.445,0009,422.00O
20/01/2017 15:14:42188.713,0005,661.30O
20/01/2017 12:43:05188.717161,351.16O
20/01/2017 10:36:04192.90515993.44O
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Avingtrans Daily Update: Avingtrans Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker AVG. The last closing price for Avingtrans was 190.50p.
Avingtrans Plc has a 4 week average price of 190.68p and a 12 week average price of 191.71p.
The 1 year high share price is 202.50p while the 1 year low share price is currently 103.50p.
There are currently 18,317,888 shares in issue and the average daily traded volume is 22,090 shares. The market capitalisation of Avingtrans Plc is £34,803,987.20.
cowlid: I'm a little confused by the tender document in that I can't understand why anyone would opt in....If I understand correctly, we have the option to sell half our shares for roughly the current share price. Am I correct in thinking that The net result if his happens is that the number of shares in circulation will drop by 50% and therefore the share price should increase??If so, why on earth would one choose to take up the offer? If the majority reach the same verdict then there won't be enough interest for the tender to take effect and the company don't pay out the money....... If I'm missing something obvious, please enlighten me!!D
cisk: Hi DGW, Unfortunately I won't be able to attend as will be out of the country - typically the one that's geographically easier is when I'm not here! But the news was good this morning with the tender at 200p, however I've no plans to tender any. Indeed with the market cap getting smaller post-tender, any good contract news etc is bound to have more of an impact on the share price. All bodes well for the future and I'll be adding on any weakness. If you don't know them, check out Melrose. I really think this is what the guys are modelling themselves on, and a great strategy in their business area I think. Just curious: what happens if not enough people tender their shares to achieve the buyback target?
leadingladies: In view of today's announcement to hand back to shareholders £1 per share anyone any idea how this is likely to affect the co.s share price ?
cisk: very interesting news this morning: Avingtrans (AIM:AVG) announces that it has entered into an agreement to sell (the "Transaction") its Aerospace Division (Sigma Components) to Anthony Bidco Limited (the "Purchaser") a company controlled by funds managed by Silverfleet Capital Partners LLP ("Silverfleet Capital") for an enterprise value of GBP65 million which, after adjustment for debt and working capital and associated transaction costs, will result in the Company receiving proceeds of approximately GBP52 million (before escrow arrangements). I haven't looked at the numbers post-disposal (and note the composites business is kept) but suspect, given the value realised from this sale, the share price looks materially undervalued. Ok so I invested in the company originally because of the aerospace division, but the remaining parts look to have a great future, the Sellafield contract in particular looks to have great potential. The management look to have done a great job at realising value, indeed this company looks more like a mini-Melrose, buying businesses, building them and selling them.
bookbroker: I don't think the recent pull-back too much to concern, profit taking in part against a good rise this year! The important thing to remember is that much of the news released about orders this year is that it is the future year's growth trajectory will be higher, these will take a while to hit the bottom line, but the market always looks forward, that is the key, and it is up to the co. to keep costs in check in the meantime! The contracts awarded suggest a consistent and growing revenue outlook, especially the deal with BNFL, so I think it's steady as she goes, we have seen some gap ups in the share price, and the pull-back may reflect a little of that, but current trading performance should nonetheless not be disregarded despite this stock being tomorrow's story!
dgwinterbottom: I noticed on my Sharescope data page last night that the forecast turnover for y/e may 2014 is £62m, that, when divided by the 27.58m shares in issue gives a sales per share figure of 225p. If then divide current share price say 140p by 225p gives a PSR of .62. Given there is also 12 month relative strength on the share price that indicates a potent signal I believe........ Could anyone comment on my thought please!
cisk: DGW, if memory serves AVG won the rolls royce contract from TCN, was it last year? so interesting to see that they have bought that business from them. I know that TCN (belatedly) set up an operation in China - not sure whether that was manufacturing similar tubing / pipe assemblies. I wonder if they are limited on capacity, hence the reason for the acquisition, or whether TCN came to them effectively throwing in the towel in that area of competition. All questions for AVG management... The share price reaction to this morning's RNS is a little severe IMO - they say results will be broadly in line with expections (i.e. slightly lower) and the order pipeline is good. Customers switching product mix is a strange statement given the long lead times that many products produced by AVG have - after all, designs for precision components in aircraft aren't done overnight. So it must be some other parts of the business... Any of the regulars fancy a trip to meet the management, so we can ask the questions in person? As for currency weakness, I'm always perplexed when the city marks the share price down of a company when they state this - it's not rocket science to realise that a company that exports a lot and operates in industries not natively denominated in GBP will have currency fluctuations... Regards Cisk
rogerrail: relevent also to energy/medical division - you only need to make comparisons with Pressure Technologies, its investment in setting up Chesterfield Biogas was a calculated risk which has transformed the share price if not the business!
dgwinterbottom: CR - I take your point re GKN v AVG but I would point out it took GKN just under 18 months to go from peak to low point, whereas AVG went between the two ion a much smaller space of time, hemnce my comment that there was not much foundation to the high share price unlike now. I doubt they would fall as rapidly now given simialr circumstances!
nw1234: I agree with RR comments re production risk - the major risks of the new facility should now be historic and there is a lot to come from volume growth with existing cutomers. My estimate for current year is £62m / £2.9m pre-tax based on as much science as I can muster. I was not expecting the recent share price move so soon and am happily settled in for the next two years I think (looking for 250p medium - term ?) NW
Avingtrans share price data is direct from the London Stock Exchange
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