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
  +0.00p +0.00% 230.50p 228.00p 233.00p 230.50p 230.50p 230.50p 13,559 07:45:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 22.7 -0.3 -1.3 - 71.58

Avingtrans Share Discussion Threads

Showing 2826 to 2850 of 2850 messages
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older
DateSubjectAuthorDiscuss
22/2/2018
10:13
RR - agreed - especially as I understand the business acquired here is highly regarded and with a skilled workforce.
lignum
22/2/2018
10:09
lignum A bug bear of mine , poor PR again from the company and baffling as to why, an arrogation attitude from both the company and the house brokers that this is not important news to the owners of the business. AVG did not announce the acquisition of Whitely Reade last year. Regardless of the fact these are distressed assets, both were key enhancements to the product offering which would otherwise have required significant capital expenditure in facilities, R&D and marketing.
rogerrail
22/2/2018
08:51
Not sure why this hasn't been announced? hxxps://www.insidermedia.com/insider/yorkshire/heating-specialists-assets-acquired-from-administration
lignum
21/2/2018
19:50
Good news today and pleased to see a share price reaction stronger than I had expected, reflecting that people want tangible signs of progress, Post September orders from Korea more than 10% of HAYT full year revenue over the last two years. Await next Wednesday’s news with interest.
cerrito
02/2/2018
18:52
Even so pr is woefully poor, not even on main group website or provided to news services such as alliance.
rogerrail
02/2/2018
16:47
Roger - once again it may be down to their brokers who the FD said at an AGM were "very picky" about making announcements
dgwinterbottom
02/2/2018
14:36
I don't recall this being announced , how poor are AVG at informing investors on key developments? "MR Resources Inc. and Scientific Magnetics Ltd. are delighted to announce the formation of MR Resources Europe bringing NMR system support servicing and service contracts to European Varian, Agilent and Bruker users. ," hTTp://www.mrr.com/mr-resources-europe-announcement/
rogerrail
15/1/2018
19:49
Well i'm out again. A quick 50p a share for me.
arthur_lame_stocks
15/1/2018
12:19
Spike in share price due to Simon Thompson's ongoing positive coverage, concluding as follows: "After factoring in cost savings, and a restructuring of Hayward Tyler, analyst Jo Reedman at N+1 Singer anticipates Avingtrans’ cash profit rising eightfold to £5.6m on revenue of £79.9m in the 12 months to the end of May 2018, increasing to cash profits of £7.6m on revenue of £95m the year after. On that basis, the company is rated on an enterprise value to cash profit multiple of 9.7 times, a deep discount to the sector average. So, having last advised buying the shares at 210p (‘Engineering gains’, 2 Oct 2017), I maintain my 275p target price. Buy."
hyperboreus
11/1/2018
22:14
Cerrito - check your PM's
dgwinterbottom
11/1/2018
20:41
I have had no response back from the company either for my request that they confirm their understanding of market expectations is £80m revenue and £2.2m pretax profit or for my suggestion that they webcast the results presentation. In terms of the figures themselves I am not focusing on the pretax profit as I assume that there will be impairments and the question is if they are included in this £2.2m number. I do need to say I am surprised that revenue expectations are just £80m. In the Last FY HAYT reported £62.7m along with a year end order book of £49.8m. In the last HAYT AR to 3/17 in calculating Goodwill they assumed a 10% growth rate for both OE and AM. In addition we have AVG’s £22m of revenue for the year to 5/17. Is anyone else surprised as to how low this current FY revenue figure is? PS Incidentally the growth rate that AVG assumed in its Goodwill calculations was a more modest 4% for both Energy and Medical
cerrito
08/1/2018
11:44
At first glance it all looks good and I do hold here and not looking for a re-entry point ( both of these points should be taken into consideration when viewing my posts and those of others). Here's my particular bee buzzing around in my bonnet: The share rise today represents a paper gain of £60k on the recent options grant to the three directors. £60k in three weeks then a rather positive RNS. Come on, they knew what was in the RNS, they wrote it,so they must have been delighted to receive this totally unsolicited gift of 330k options. Especially as they would not be able to buy share when they had insider knowledge. It's good when things work out like that !!
pavey ark
08/1/2018
11:10
Also worth expanding on the situation with the £11m Contract extension for Sellafied: The initial £47m contract will run for ten years. Part of the contract was for the setup of the production facility , the balance circa £40m was for supply of 1000 waste containers i.e. approx £400k each. The £11m extension I assume is for between 250 and 300 additional containers. Though it is scheduled to be over three years I am not sure whether or not it will run in parallel with the original contract. So far as I am aware AVG have announced they have shipped just ONE container for approval out of the 1000 ordered , which was accepted. They are due to start shipping series production this year. The total requirement is for 70,000 containers ( ie representing up to £3 Billion in value) of varying types/applications and there were further supplier days held in November this year on these requirements, no doubt AVG attended, but they do have a number of established competitors in this area.
rogerrail
08/1/2018
09:59
The Sweden and S Korea orders are also for HTG, only £1m relates to legacy AVG businesses These order announcements have to be put in context that the majority of PB and HTG work is AM, and AVG were very successful in winning a number of multiyear, repeat or extended contracts in the prior year and in the preceding years.
rogerrail
08/1/2018
09:52
puffintickler: As mentioned to Roger above the Board have done themselves no favours - the rns stated "pleased to provide an update for the six months ended 30 November 2017" and none of the contracts above were included. AVG is a relativly small company and will not be on many II's radar so a quick glance at the trading update could produce an immidiate negative as it did for me. Thanks for clarifying. Will have another look in depth including timeing of the two you mention - You say 8 months Just had a look The Sellafield one was announcd on 26 May but was over 3 years so say £4M p/a nice but outside the 6 month reference - Cummins was announce on 16th August and the omission from the 6 month trading update did the Board no favours (imo) Now to try and crunch financial implicatiosn but not as bad as initial take
pugugly
08/1/2018
09:44
Thanks RogerRail for that clarification...does anyone have a handle on what market forecasts for the full year are? Digital Look says revenue of £80m and pretax profit of £2.2m ...does anyone else have any figures?
cerrito
08/1/2018
09:43
Puffinticker, I suspect that the £1m Steam Turbine refurb project would be a Peter Brotherhood job.
cockerhoop
08/1/2018
09:29
Hi Pugugly The £7M contracts does not include those already RNSd in the period June Sellafield £11M August Cummins £3.6M They appear to have ignored HAYT so these contract gains should only be compared to the AVG turnover of £23M so major new contracts gained in 8 months almost equal to annual turnover looks good to me.
puffintickler
08/1/2018
09:19
Roger - Thanks for pointing out the Cummings order - The Board have done themselves no favours by omitting any reference in the trading update - £21.2M annualised run rate sounds better.
pugugly
08/1/2018
09:15
Unless I am missing something £7m of contracts in a 6 month period for a group with a market cap of £60 million is NOT GOOD -(IMO) anualised run rate of £14 million or some 25% of market cap.(unless there are a significant number of small contracts that have been omitted and the £7M is only part of the new contracts obtained It did say notable - in which case the rns might be deemed misleading by omission) Also Rose tinted glasses re HYAT and all in the future - Apparently no new contracts there - or have I missed something? An ex HYAT holder who is grateful for the Board for saving my bacon but glad I took cash and got out of the potential (short term at least) frying pan. Was looking for a re entry point but still waiting. Will have to wait for the final accounts and hope all becomes clearer.
pugugly
08/1/2018
09:12
Cerrito You need to consider only three months contribution from HTG and the £3.6m order extension from Cummings was also won in this period but was announced with the end of year results so not included in this announcement .
rogerrail
08/1/2018
08:19
I agree the comments were reassuring but I was hoping for contract wins of more than £7m over a six month period for the combined group.
cerrito
08/1/2018
07:13
Very positive and reassuring RNS: Https://www.investegate.co.uk/avingtrans-plc--avg-/rns/pre-close-trading-update-and-notice-of-results/201801080700031378B/
hyperboreus
05/1/2018
10:07
"My issue was with you suggesting that a share option scheme gifting 12.7% to the execs was a beacon of corporate governance." The above quote is my reason for being equally disinterested in continuing this "debate" ?? For information only: the award of option in May was before the fund raising and the additional shares issued, the 12.7% also included older options that were not cancelled but the May 2017 options award covered 5.5% of shares now in issue. For the information of all AVG shareholders: I've just checked and AVG has c. 32% institutional holders, TPG has 64% institutional holders. It could be that the institutional holders at TPG actually did what they are supposed to do (for once)and stiffened up the option terms. If AVG directors feel that they can get these options without any opposition then I suspect that they may think that this is their company.
pavey ark
05/1/2018
08:49
I was going by the TPG RNS which stated: Following the share option cancellations and new option grants outlined above, new option grants to key senior management and including existing options, the total number of ordinary shares under option is 53,611,735, which represents approximately 12.7 per cent. of the Company's existing issued share capital. Anyway I've no interest in debating TPG on this board and I should know better than to enter into discussion with yourself after my experiences elsewhere.
cockerhoop
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older
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