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
  5.00 1.69% 300.00 290.00 310.00 300.00 295.00 295.00 58,212 11:00:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 113.9 3.0 4.4 68.2 96

Avingtrans Share Discussion Threads

Showing 2951 to 2972 of 2975 messages
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Tipped by Simon Thompson in the IC hTTps:// On this basis, the shares are rated on a reasonable price/earnings (PE) ratio of 15.5 and offer a prospective dividend yield of 1.3 per cent. However, any asset disposals are likely to command a much higher exit earnings multiple, which is why I am upgrading my sum-of-the-parts valuation to 375p-a-share, the equivalent of a 2021/22 PE ratio of 17. Buy
Alter, it's probably just some pullback after a decent recent run. Fundamentals unchanged for me - it's a bit of a sleeper and one day we'll wake up to them doing a big deal to sell the MRI or metal working business for a great price, just like they did for Aerospace some years back. Or at least that's my hope!
Investor's Champion "...forecast earnings multiple of 14x (share price 301p), which looks quite full for an engineering business like this."
Well I thought these were very respectable results. Somewhat disappointed to see the fall back in share price but I guess the market wants more excitement, not competence and patient management of the business. "Avingtrans continues to make good progress during the pandemic and has proven to be resilient. Following our PIE strategy, both Booth Industries and Energy Steel are continuing to improve since acquisition and the potentially transformational deal with Magnetica (post period end) is an exciting prospect for the medical division. The period result shows improving profits against flat revenues, once more demonstrating our agility, even in adversity."
alter ego
Regards Luton I'm not sure in the interview if CM was talking gross or net after financing a new green field site. £20m doesn't seem massive for a site capable of 1000 homes. Could have a £200m potential total project value. Regards the Medtech JV. Magnetica have developed an extremity MRI scanner (arms, legs, etc). Much smaller than a full body MRI. They had another JV partner who (surprisingly according to Magnetica) pulled out after the product had been developed but prior being marketed etc. AVG have stepped in with that funding and combined the 3 businesses. hTTps://
I have seen figures quoted of between £15m & £30m that seems to confirm the figure quoted by Christopher Mills. Anyone have any thoughts as to what the JV might be about? it seems that Scientific Magnets & Tecmag being wound into the JV gives AVG 60% of the project but yet the Meditech name is the one going forward. That said the Board decisions in the past have always proved to be correct with hindsight therefore I await developments with interest!!
Christopher Mills suggested in November that it was over £20m having bought a fair chunk of Nigel Wrays stake (hinting at CGT planning). There's also been no mention on here of the recent Magnetica JV which looks to complete the circle of the MRI business with a mobile MRI extremity scanner ready to market. The incremental investments AVG making suggest the JV valued around £50m with AVG stake around £30m.
Has anyone got any idea what that Luton site is worth?
Solid group of businesses run by smart people. Some good new shareholders aboard who bought Nigel Wray's shares. I sense a new high for Avingtrans in the year ahead.
So a month on since Nigel Wray waved goodbye and it would appear has done no harm to the share price with a rise of just shy of 10% since then. Slowly but surely we are working our way back to an share price of 300p, not seen since the Covid fall. I wonder if this figure represents being overpriced or future potential built in, my problem being I have never found a formula for calculation of share price from Annual Reports etc. The highest the share price climbed to before the pandemic was 330p perhaps reflecting the niche - nuclear - that the Group operates in. Interesting times!!
I suggest the other trades are some of the buyers of Nigel Wray's stock. I guess we will hear who these are once the trades have settled. Then we csn take a view on the situation.Unlikely to be any issues given the speed at which the stock was placed.
So, Nigel Wray has left Avingtrans after many years, with at one time if I remember correctly about 15% of the company, no doubt he has done well, at one time the shares were as low as 20p. Whilst he has placed his 3.24m shares in a placing there have also been two other large sells, one of 1.07m and the other of 1.73m both within two minutes of the Nigel Wray placing. Therefore a total of 6.04 shares have been placed in the market or approx 18% of issued share, I wonder what may be the reason for these significant sells?
I have held shares in AVG since the Haywatd Tyler takeover. It is a well managed business and I added twice earlier thia year. The Booth acquisition is a winner. A great play on nuclear power servicing and a beneficiary of higher infrastructure spend in UK and US. Glad that there's the prospect of a dividend return next year together with potential deals during a difficult time for potential targets.
Tipped by Simon Thompson in the IC today.
value hound
Avingtrans has secured a multi-year contract worth £36m to supply cross passage doors for the HS2 rail link. Most of the revenues for this contract will be generated when the door manufacturing and installation begins in 2025 with a project completion date of 2030. The assets of Booth were acquired in July 2019 from the administrators for only £1.8m. More on the Investor's Champion website.
Not quite sure why you're getting so het up Mr Macgregor, AVG have committed as part the planning conditions to create a brand new factory in Luton more suitable to their current needs so maintaining jobs. The new commercial part of the housing development is expected to create a further 370 jobs. The previous investment increased the factory by 40% but the remaining 60% was still old and was carried out by somewhat clueless prior management. I assume some of the investment in plant will be transferred to the new premises. AVG's job is to create value for their shareholders -they obviously feel a new more efficient unit with better transport links whilst making some potential windfall property gains takes the company forward. If you're truly worried about government money being spaffed you'd be better off looking at the £5.5bn spent on PPE supplied by companies involved in Pest Control and Financial services!
presumably they'll be able to reestablish this elsewhere, looks as though the present site is handy for the railway, airport and town centre so zoned for residential.
1000 units x £15,000 per plot/unit = £15m. I have no idea but it sounds like PIE. I remember the Royal visit whilst all around HAYT was leaking cash badly.
Any ideas what the site may be worth now they have pp?
If you count remote as 5 minutes walk from Luton Parkway Station. New Redrow development next door.
At first glance good results and indeed there seems to have been a leak given the share price increase yesterday afternoon. I see they mention the £4.8 Korea deal and £2.5m East Kilbride deal and I could see no prior reference to them. I had not seen before they were planning to close the Luton plant-I recalled all the fanfare when Prince William went there a few years ago. Good thinking though from my memory of going to a Hayd AGM some years ago it is in a remote and industrial part of town.
Chat Pages: 119  118  117  116  115  114  113  112  111  110  109  108  Older
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