Avesco Share Discussion Threads

[michaelmouse] 17/4/2014 10:16

"A CT first - projection mapping technology onto the USS Intrepid at the Air & Space Museum, on the Hudson River in New York City, for Land Rover's unveiling of its new Discovery Vision Concept. hxxp://youtu.be/CEIc9qABXaA"

Michael.

[hazl] 11/4/2014 12:04

well done AVS in a negative market holding up at least!

[michaelmouse] 27/3/2014 20:23

Presteigne Charter have become very active on twitter in recent weeks. Most recent tweet is news of a contract win with BBC Sport to provide its on-location technical resources for its coverage of Formula One motorsport.



Cheers.
Michael.

[hazl] 25/3/2014 11:14

apologises!

24th don't know where I got that date from....in previous post?

Anyway dividend certainly is correct and coming up hopefully!

[hazl] 21/3/2014 11:12

always a good sign when directors get shares; finance directors in particular, in my book,which they have done over recent months.
We have rns due on 24th....Q1 announcement?
Dividend around April so quite a bit on the horizon to keep us interested

imof

[grantk] 17/3/2014 08:20

Thank you for the goodwill, and thank you particularly to Michael for this bb.

Might see you some time Michael

A glass of wine always ready for visitors

[papy02] 16/3/2014 22:08

Grantk,

there was an interesting recent thread relevant to PSA tests on T M F:



(replace the xx in the above link by oo)

[hazl] 16/3/2014 21:52

sorry to hear Grantk.

Good luck.

[grantk] 16/3/2014 19:25

It is. Been a glorious day spoiled by news of the loss of a dear friend to prostate cancer.

Having high PSA readings on my tests last week it came as a double dose of life.

I do not intend donating time to ADVFN.

[hazl] 16/3/2014 15:10

lucky you....great place!

[grantk] 16/3/2014 11:14

Such good dividend prospects. Avesco were filming at Saint-Cyprien Golf Resort just a few miles away from my home.

Glorious weather at 68deg. today. No longer play golf but I will try to find if Avesco were doing an advertising video for the club or whether its some other filming.

[hazl] 14/3/2014 16:49

well done AVS!

with 18 % gainers and 41% losers over the market today

nice to be in the former category.....just!

[hazl] 13/3/2014 14:58

there will always be those that just go for the dividend.....
I prefer to keep longer term for the growth.

imo

[hazl] 12/3/2014 11:38

just for reference

Ex Date 12th March Record Date 14th March 7th April Payment Date

[hazl] 12/3/2014 08:13

interesting post QP

[quepassa] 11/3/2014 09:24

Ami Giniger's former investment in Avesco through Taya was at the time no bad thing for shareholders.

His interests in DCD Media are known.

He appears to have plans to invest his Avesco pay-out monies further. Whether this may bein a listed or private vehicle, who knows.

Any suggestion as to where?

By studying one company very closely, you can sometimes learn a lot. Avesco lead me to buy Walt Disney Stock in 2010 and Barco stock ( maker of ginormous screens) also in 2010 .

The following article in TBI Vision headed "Israel's United Studios preps UK prodco acquisition" makes fascinating reading





ALL IMO. DYOR.
QP

[hazl] 05/3/2014 15:55

div soon as well of course...

well record date ...not long

[rogash] 04/3/2014 14:23

A.G.M. Tursday

[hazl] 01/3/2014 15:15

thanks Michael....interesting...

[michaelmouse] 01/3/2014 14:27

hazl - My first thought was Murray picking up some more, he tends to buy in lots of 100,000. However, I think that would take him to just over 30%?

Michael.

[eeza] 01/3/2014 13:28

Lol !!!!


"remains buy at up to 120p" - the offer is already 120p.

[sasannach] 01/3/2014 13:09

"Following a 110p per share return of capital to shareholders last month, shares in broadcasting and entertainment equipment and services group Avesco (AVS) have recovered from dropping 129p to 105.5p – to currently trade at 116p. With the company having reported that "the first quarter of the current financial year has started in line with the board's expectations" after a self-declared "poor underlying trading performance" in its year ended 30th September 2013, is there scope for further share price upside here?

For last year an adjusted post-tax loss of £0.45 million was recorded on revenue down 13.5% at £124.03 million, though the company this year "anticipates a return to profitability with the benefits of a reduced cost base and an expected increase in demand over 2013 for its services, with a number of major 'even year' sporting events being held, including the Winter Olympics in Russia, the Commonwealth Games in Scotland and the FIFA World Cup in Brazil".

Researcher Edison is, after also factoring in a recent buying-back of most of the shareholding of the formerly largest shareholder in the company, forecasting underlying earnings per share of 12.6p (pre-tax profit: £3.8 million on revenue of £135 million) for the current year and 9p of earnings earning per share for next year, "allowing for a dip in profit as is normal for an 'odd' year". It anticipates net debt at the current year-end of £22 million - whilst noting that "headroom and gearing levels remain comfortable and the underlying rental business is cash generative" - and is forecasting a year-end net asset value of 166p per share, "which is underpinned by high-quality rental assets".

The 2013 results statement saw Avesco emphasise that it "remains committed to its strategy of cash generation and dividend growth" and the full-year dividend has been increased to 4p per share – to be paid on 7th April to shareholders on the register at the close of 14th March – taking the total dividend for the year to 5p per share, up from 4p.

The business recovery potential in relation to the current rating, tangible balance sheet backing and attractive dividend yield saw the shares added to the Income portfolio of the Nifty Fifty at a 220p offer price in October (an effective 110p following the recent return of capital). Our stance there remains buy at up to 120p and I note that earlier this month Avesco's Chairman, Richard Murray, purchased a further £108,370 of shares at 108.37p each – taking his shareholding to 5,608,211 shares (29.74%).

We would suggest following his lead."

[hazl] 26/2/2014 18:16

largish later trades?

[hazl] 26/2/2014 12:11

29 01 2014 'Outlook'


'As we look further into 2014 the group anticipates a return to profitability with the benefits of a reduced cost base and an expected increase in demand'

[grantk] 25/2/2014 10:16

Removing Taya as a major holder you would expect to have been an opportunity to achieve at least cost.

With the dividend/capital payment made fair value must be £1.30 without addition from above.

If you feel Taya matter was resolved at a comparative weak point for the share, allowing a cheaper buy back the situation looks even better.

With Chinese market liable to inject profits at some stage on an already high dividend payer it looks likely dividends will increase year on year where the yield is already impressive without even the opportunity value of a bid which is more likely surface without Taya.