Avesco Share Discussion Threads

[jimmygee2] 26/9/2015 08:56

QP interesting point about Chelverton and AVS.Their track record is very good. Looking at their list of holdings, they seem to favour the low price to sales and high relative strength approach as made famous by James o shaughnessy. AVS is a stand-out on both indicators.

[deanowls] 26/9/2015 07:46

Year end is next week I believe, would imagine the accounts will be a lot simpler this year so may not have to wait until December hopefully.

[noiseboy] 21/9/2015 20:56

I work in this industry , Involved in 2012, Sochi and Baku earlier this year. Not involved directly in Rugby Cup but never heard of Projection Artwork. CT turn up on most of the big gigs we get involved in. There's only a small handful of companies in the UK with the infrastructure to do the O2 projection.

[quepassa] 21/9/2015 14:30

Not a great fan of asset managers generally but one specialist boutique which I rate highly is Chelverton. They run a highly focused specialist fund called Small Companies Dividend Trust. Their performance over 5 years has been stonking.

They have steadily been building up a position from a low base in Avesco to a significant 3.27% portfolio holding as at 31st. July 2015.

This holding in Avesco is now as of that date their largest position in the fund.

Good to see such institutional support -especially from a specialist firm in smaller cap stocks.

ALL IMO. DYOR.
QP

[sailing john] 18/9/2015 11:03

Correct bantam but a search of Projection Artwork's accounts suggests they don't have sufficient assets to have supplied the projection equipment. (Tangible assets 31/12/14 were just 174k)

So could be Avesco or AN Other or perhaps the O2 have put in a permanent installation given the number of events they hold.

SJ

[thebantamboy] 18/9/2015 10:07

Unfortunately interceptor2 it was done by projection artworks and not Avesco.

[interceptor2] 17/9/2015 10:21

Rugby world cup about to start,

The lnk below shows the impressive projection on the O2 arena, can't be sure but I would think that CT had a hand in this?

[interceptor2] 17/9/2015 10:07

Worth remembering that in 2011, 2012 and 2013 they did issue a 3rd quarter results RNS in the second week of September, so there is a possibility that they will release a trading update earlier this year, especially if they are performing as strongly as we suspect.

[sailing john] 17/9/2015 08:43

Rogash - that is what I thought until I looked back at previous years.

Even though they were trading ahead of expectations they didn't issue a TS until Nov or Dec in 3 out of 4 previous years. Given the summer workload and current YE forecasts I'm expecting them to be significantly ahead so perhaps that will force them to issue an earlier statement this year?

YE Trading Statement history
Nov 2011 - "will be comfortably ahead of the current market expectations."
Dec 2012 - "will be ahead of the current market expectations."
2013 - no TS - busy with return of £31m cash to shareholders + 30% buyback
Dec 2014 - "will be ahead of current expectations"

[rogash] 17/9/2015 08:07

I would have thought their may be a trading statement at the end of this month?

[quepassa] 15/9/2015 09:41

Whilst the USA Hoover Dam record-breaking projection is certainly attention-grabbing, Creative Technologies recorded a further massive success in delivering the Inaugural European Games in Baku this summer, the importance of which is not to be underestimated.

This was one of CT's largest ever projects requiring 120 personnel and thirteen truck-loads of equipment. Very much building on the great success of the UK 2012 Olympics.





Looks like 2015 will be an awesome year for Avesco. If Baku and the Hoover Dam weren't enough, here are just a few of the other projects that the Avesco Group have carried out this year as well.....!






ALL IMO. DYOR.
QP.


ps. an awesome web-site. money well spent.

[terrys trousers] 07/9/2015 09:59

Should be more volume this week, kids back at school and dads back at the traders desk. Looking forward to a good week.

[michaelmouse] 06/9/2015 09:10

I think the option to ban certain users is only available to those who subscribe to Advfn's full service? Otherwise I would have used it without hesitation, although to be honest most multi-handled users are pretty transparent and easily ignored.

Michael.

[quepassa] 05/9/2015 19:34

There are several posters who actively use multiple handles and who carry out make-believe dialogue with their other persona/alter-egos.

It is quite easy to track them as, by clicking on their user-name, you can just look at their posts and see the uncanny frequency where both or more posters occur on the same boards.

It's a shame really because individually some of the posters have useful things to say but in the end spoil their own credibility when they start using their multiple other names.

I can think of one poster in particular who I formally thought highly of until I discovered they were using these similar tactics. Now I discount what they say.

On very thinly traded shares like certain AIM companies these tactics are usually intended to affect the price.

If you click on the user's name, it also gives the original author of the thread the ability to ban certain users from that thread.

ALL IMO> DYOR.
QP

[cockneyrebel] 05/9/2015 17:09

terry tousers is mike740. Having been oh so negative here he's now bought in and is bullish - as you'd expect.

Have a look, the handle was registered yesterday - classic.

Enough material there for a psychiatric convention imo.

Another of his handles now filtered.

CR

[terrys trousers] 05/9/2015 16:52

Lost a little ground friday but expect to gain it back by mid week next michael.

[michaelmouse] 05/9/2015 16:47

Interesting article by Merryn Somerset Webb in the FT Money section this weekend about Value Investing. The two key paragraphs say this:-

"James P. O'Shaughnessy gave us even more stunning numbers on What Works On Wall Street. If you had put $10,000 into high P/E stocks at the beginning of the 52years leading up to 2003 it would have grown to $793,558. That's nice. But had you put the money into low P/E stocks your returns would have been way more than nice: you'd have had $8,189,182.
You'd have done even better had you looked at some other measures of value, perhaps price-to-book. Buying shares on a low price to book ratio would have seen you end 2003 with $22m plus change in the bank. Really nice"

The incredible thing about seeking value is that from time to time you find companies that have low p/e ratios and low price to book ratios but they are also growth companies.

Anybody know a company that fits that criteria? ;)

Even more amazing (as the article points out) is that despite all the evidence in favour of value investing (and the fact that Ben Graham, Warren Buffett et al. have been successfully exploiting this for years) most investors choose to ignore it. Or perhaps many investors simply "don't get it"!

Michael.

[cfro] 03/9/2015 13:14

Ex-div day today - 2p to be payed on Oct 1st.

[brummy_git] 31/8/2015 11:23

If you are right Deanowls and there is a profit upgrade coming, then there should be more upside for investors. Little reason to sell these levels iMO

[deanowls] 31/8/2015 03:52

Brummy, problem is they did 5.5m in the first half with the second half seemingly busy, business ahead and 1million to be released back into the accounts.

Noticed this weekend that the UK also has the world athletics championships in 2017, will continue to help iron out the odd year effect, wonder if they are doing anything wit the rugby world cup also?

[brummy_git] 29/8/2015 13:37

IMO it is better to value equipment hire businesses using EV/EBIT multiples, rather than historical NTA.

Here the CY sector average is 10-13x, which would translate to a 235p-345p price range for Avesco; assuming FY15 operating profits of £7m (Edison) and £25m of reported net debt at as March 2015.