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Avingtrans Share Discussion Threads
Showing 2626 to 2650 of 2650 messages
|Simon Thompson, in the IC, has updated his bargain shares...weekly magazine out today. Nothing that we don't already know...seeking to deploy cash. I haven't looked but perhaps one or 2 people have bought a handful of shares?
|Anyone know the reason behind the 9p share price jump today?|
|What sort of price per share are we hearing/expecting for hayt ?|
|No doubt clearing the hAYT debt will be assisted by the cash they bring in once the 3M3 boxes start to roll of the line very soon now.......at 47k a pop!!!|
|When I attended the AGM in November the Board stated they were very open minded as to what they may or may not do towards an acquisition. It was stated that whilst they had just completed the tender offer they would not be averse, or think twice if a rights issue was needed to complete a targeted acquisition|
|I think and hope an all share merger is on the cards, but oddly enough I would support a rights issue as HAYT is a high quality business with great potential if set free from debt.|
I was thinking about that - I can't believe HAYT was a business that they thought they had any chance of securing when they decided to return capital to shareholders in the unsupported tender offer. Events have given them a window of opportunity to have a go so I think a 'unexpected chance to takeover a quality business has arisen' line would be supported by shareholders.
It also depends on price, in an ideal world for AVG holders they'd buy HAYT for £20m, reduce HAYT debt by £8m and sail happily into the future :-)|
|They have just done a tender offer so not sure they would want to start issuing shares again but I could be wrong, I usually am!|
|They could do a part cash, part paper deal which would both reduce debt at HAYT and not dilute AVG holders too much. HAYT are in a short term spot so don't appear to have too many cards to play. Risk of other perhaps overseas bidders emerging though. HAYT products are respected.
Potential great deal if pulled off at a reasonable price.|
|Talking very rough numbers hayt have 50m shares out according to stocko which at 50p is £25m. AVG had 27m in cash but the hayt debt is approx £18-20m (?).
Would AVG be happy taking on that level of debt or are they going to "steal" the equity.|
|As an AVG holder I'm delighted, I think they could end up getting a great deal and they've certainly proved adept at buying & building before. I'm keeping my fingers crossed that they get it done|
|I'm not sure they're looking for synergies, I think they see a quality business undergoing temporary cash flow/funding issues which they may be able to poach at price that will appear a bargain in the long term. Been masses of investment recently at HAYT.|
|I think it may be the access to their Energy/Nuclear markets, to have approval from Nuclear authorities is a significant niche market|
|Interesting nothing from AVG so far following HAYT RNS which suggests it is early days.
I have more in HAYT than AVG and at first glance not convinced of the industrial logic for AVG|
|Ah.... thanks for that, never heard it referred to in that way :-)|
|Dg, the outline of a head and shoulders or top 1/3 of a person, turn that outline upside down and overlay it onto the graph. "Inverted h&s"|
|Toffee man I second that opinion, perhaps some of our short trading friends have missed a potential break out in exchange for a quick profit. Still a good time to top up imo|
|"inverse H&S" ?|
|If I had the cojones I would suggest an inverse H&S with a target price of 250 bwtfdik.|
|Todays drop would appear to be shaking out profit takers, the result, hopefully being diehard investors in AVG !!|
|Interesting indeed, if this keeps momentum it could easily reach 260-270 Worth 300 imo|
|Interesting recovery over the last ten days!!|
Could see an uptick for the oil & gas side of the business!|
|Steve3sandal - many thanks much appreciated|
|A few snippets from ST. Mostly this is a repetition of results, contracts, acquisitions.....the intention is to invest wisely of course. The attraction for me here is their track record, and I am hoping for more of the same.
I had an interesting results call with the directors of Avingtrans (AVG:215p), a maker of critical components and services to energy, medical and industrial sectors, and a constituent of my 2017 Bargain Shares Portfolio.....
The small acquisition of Abingdon-based Scientific Magnetics, announced alongside last week's half-year results, is a good start as it brings in expertise in superconducting magnets and cryogenics, and broadens the capability in the supply of vacuum vessels and cryostats for Big Science, space and astronomy projects. For example, Scientific Magnetics has recently developed a number of technologies, including a helium-free magnet system for pre-clinical MRI and ultra-high vacuum applications. Bearing this in mind, Mr McQuillan believes that the acquisition offers "genuinely exciting opportunities across a number of key markets", adding that "the business had previously been constrained by a lack of investment". Including debt to be repaid on completion, the £815,000 purchase price seems fair for a business that made an operating profit of £55,000 last year. I understand that there are several other potential acquisitions being considered at the moment, albeit these are at an early stage.
Importantly, the company is bang on track to deliver on analysts' expectations that suggest a small pre-tax profit of £200,000 on revenue of £24.3m in the 12 months to the end of May 2017, implying a profit of £0.5m on revenue of £14.7m in the second half. Furthermore, contracts already in place account for the vast majority of the 33 per cent ramp-up in revenue to £32.8m forecast for May 18......
Analyst Jo Reedman at housebroker N+1 Singer has an intrinsic valuation of 247p a share, but notes that if the company can successfully deploy £15m of the cash pile in a buy-and-build growth scenario, then a valuation nearer 292p a share is more appropriate. I wholeheartedly agree.|