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% 221.50p 220.00p 223.00p 221.50p 221.50p 221.50p 6,652 07:38:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 21.2 0.2 112.3 2.0 42.46

Avingtrans Share Discussion Threads

Showing 2726 to 2749 of 2750 messages
Chat Pages: 110  109  108  107  106  105  104  103  102  101  100  99  Older
DateSubjectAuthorDiscuss
20/7/2017
16:20
Good spot Roger, agree with you that it probably was valued at zero, but know, like you, I think there is definitely value there. Still think we're undervalued at current levels, happy to sit in and wait for the re-rate to happen!
cisk
03/7/2017
09:20
The good new is that 70% of sales last year where aftermarket - the key is to manage the peaks in OE build without carrying excessive overheads. This was achieved at Maloney by closing the factory, not that I am suggesting they close Peterborough.
rogerrail
03/7/2017
07:41
Roger - I fully agree that once control of HAYT passes to AVG the BOD will hit the ground running in terms of reorganisation as I have no doubt that plans have been under way for some time already as to how things will be programmed. Historically AVG has generally produce items for which there is constant on going demand ie: pipes and tubes for RR and in the near future 3m3 boxes for Sellafield, thereby avoiding the nightmare of holes in the order book. My concern is that taking on PB that manufactures such large capital equipment this is one problem they could start to experience, as you highlight in your above comment.
dgwinterbottom
30/6/2017
12:35
DG Bearing in mind I have not had a chance to fully digest today's results, IMO I think HAYWARD has a strong well invested business with a good order pipeline and concerns on oil are overdone - just needs a strong balance sheet to underpin confidence with suppliers , preferably with ELB in place as MD of the business if he accepts which seems unlikely as he is due to take a non-exec position. I think Austen Adams will take charge of PB. Though not so dependent on oil it has won work with Oil refineries and has some synergies with Maloney. Historically it has a very lumpy OE order book though aftermarket is good and has been building up well. Factory overheads need to be trimmed to avoid the big losses sustained last year, and this may be possible by outsourcing some work to Chatteris which is located close by, until more consistent workload work is achieved - I am not sure if they are in the running for the 4 boat Trident submarine contract for STG's but this may be a crucial and lucrative opportunity, they should have a good chance of winning this as they have previously supplied the Astute programme.
rogerrail
30/6/2017
11:35
Roger - given your accurate insight in the past with AVG what are your thoughts re the way AVG Board will set about reorganisation of HAYT?
dgwinterbottom
30/6/2017
10:19
Outcome as I predicted 45p-50p on my post 2523 on 23rd/june though I did expect some cash as a sweetener. I have always maintained that preserving cash is essential for supporting growth of the individual businesses and hence an all share merger is the best outcome for long term shareholders of both companies. The directors of both groups clearly understand this. Some HAYT shareholders more interested in a quick buck may quibble , but the market reaction has confirmed the deal is in the right ballpark.
rogerrail
30/6/2017
10:12
"Avingtrans intends to perform a full review of the executive management function of the Enlarged Group. Although, where feasible, Avingtrans may seek to redeploy the members of HTG's executive management team within the business, it makes no guarantees in this regard. This review process may result in expanded roles for certain members of the Avingtrans existing executive management team." It would appear that AVG will take over at operational management level.
dgwinterbottom
30/6/2017
09:56
I am not sure about the "strange comments" Pavey but what it boils down to is how distressed HAYT really was. I reckon AVG are paying about £27m for the equity and taking on £22m of debt so a valuation of circa £50m? An all share deal means AVG can presumably either use their cash to pay off the debt or refinance on better terms and keep the cash for further deals. I do not think it is a steal but think it is a good long term deal which is why I will probably wait until buying back in. It will be interesting to see what Maurice Critchley, who has a decent holding and does not appear to have recommended the deal, does next although presumably he has had a while to find an alternative deal.
tiswas
30/6/2017
09:22
Strange comments here but then as we have seen (above) there is usually an other motive/agenda in play. This looks a done deal and it looks a great deal for AVG. It is not often that I make 27%-35% in a couple of months and find myself disappointed but I certainly felt that HAYT would go for more or stay independent and prosper. (different percentage as price changes but that will settle down and due mainly the fact that those quick of the mark could sell their AVG shares and buy them back through HAYT for less) Anyway, we are where we are and my AVG shares cost me 183p so we will see where we go from here. I suspect that this is such a good deal for AVG that the price will rise to give me the silly profit I was expecting but it will take a bit longer. EDIT: I see that the market has sorted itself out. Not a lot to do with this being anything but a good deal for AVG it is just that if you sell AVG now you can't profit from immediately buying them back via HAYT. Until the deal is done these shares are liked in this way.
pavey ark
30/6/2017
08:53
Well, in at 200 out this morning at 240 so nice short term trade.
toffeeman
30/6/2017
08:51
The AVG Board have an experienced oil man no doubt he will have the deep inside industry knowledge and what the future is in this respect. I think the real benefit is on the Nuclear business
dgwinterbottom
30/6/2017
08:39
Seems like the market thinks AVG has swallowed something that might prove to be hard to digest HAYT was getting more exposure to the OIL sector I believe (over 30% of turnover) If OIL continues to stay under $50 for another 2 years or so This might prove to be a tad costly
buywell3
30/6/2017
08:07
I wonder what Maurice Critchley will do now, he holds a few shares from memory. Not a great deal, short term at least, with all that debt to be taken on.
tiswas
30/6/2017
07:31
Nope agreed bid just announced: paying at the top end?
toffeeman
30/6/2017
07:19
Is this a technicality or should we expect yet another delay? 30 June 2017 Hayward Tyler Group plc ("Hayward Tyler", the "Company" or "Group") Update on banking facilities Further to the announcement of 1 June 2017 Hayward Tyler Group plc, the specialist engineering Company comprising the operating companies of Hayward Tyler and Peter Brotherhood, is pleased to announce that the repayment of GBP2.4 million of short term banking facilities and the annualised measurement of the financial covenants, have both been extended from 30 June to 28 July 2017
toffeeman
29/6/2017
13:35
Well done tiswas. Trouble is that long term irrespective of the HAYT deal these shares still look very cheap. I did sell out at 226 on its way up last time, bought back at 205 but I'm hanging on this time.
puffintickler
29/6/2017
11:37
I hate trading, it is a habit I am trying to get out of, but having been lucky enough to buy a week or so ago sub 200p it is too hard to resist at 245p bid. As toffeeman says above, too low volume to indicate anyone really in the know. What price will they pay, debt/equity mix, how much debt would the enlarged group run with? Hopefully, if it is a steal, I will have time to get back in as the group would have a very promising long term future, who knows?
tiswas
29/6/2017
10:31
BBT dark surely:) Anyhow - given that we should know the outcome tomorrow - the market seems to think that any deal will be advantageous to AVG and I hope that is the case......
toffeeman
29/6/2017
10:10
IC BBTL :))
puffintickler
28/6/2017
08:55
Looks like Mr market thinks they have a deal with Hayt at the right price although sweet f. a. volume to support such an assertion.
toffeeman
27/6/2017
12:08
IC = KoD :)
toffeeman
27/6/2017
12:07
Just been tipped by Simon Thompson Http://www.investorschronicle.co.uk/2017/06/27/comment/simon-thompson/a-trio-of-small-cap-buys-vm0JCqzudsx5Owe4QWle9H/article.html
x54v
26/6/2017
13:48
Hi puffintickler (🤔) I've bought more in the mid day dip as I'm certain there's a v good chance of a HAYT bargain deal/merger this week, today's RNS is well timed & like you I'm expecting a long term nuclear growth story so this RNS further derisks AVG whilst we wait.
rhomboid
26/6/2017
09:27
Nuclear contract extensions were always on the cards (in fact the main reason I am heavily into AVG) but this one is particularly well timed. That said, the HAYT guillotine could have fallen twice already in which case the timing would have been useless so I can't read too much into it.
puffintickler
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