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
  +3.50p +1.52% 234.00p 230.00p 238.00p 234.00p 229.50p 229.50p 18,712 12:09:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 22.7 -0.3 -1.3 - 71.85

Avingtrans Share Discussion Threads

Showing 2776 to 2797 of 2800 messages
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
DateSubjectAuthorDiscuss
10/10/2017
11:26
Should be good news for P Brotherhood as I expect they will get the order for the STG's: hTTp://crweworld.com/article/news/40663/building-to-start-on-new-nuclear-submarines-as-government-announces-13-billion-investment
rogerrail
06/10/2017
14:42
Podcast by simon thompson on avingtrans. Start at 27 minutes in htTps://www.investorschronicle.co.uk/shares/2017/10/06/companies-markets-show-tiles-flooring-dogs-kettles-simon-thompson/ Key takes are that brokers forecasts for may 2019 use a 5% profit margin for HAYT's contribution. But as recently as 2016 they hit 9%. So, if avg can turn it around, then there is potential for re-rating.
glawsiain
04/10/2017
09:59
The pro-forma statement of financial position (P157 of Admission Document) shows zero net debt when putting the 2 businesses together with net assets of £68m (approx = current market value). Net assets include 14m of freehold land. The statement is hypothetical but a reasonable indicator of what the combined balance sheet will look like. I don't understand the operating profit contributions for HAYT mentioned above of 3m in 2019. In the years to March 15 and March 16 HAYT had pre-exceptional operating profit of £5.4m and £5.8m. The operating loss of 2.5m in FY17 must have been an aberration due to customers deferring orders and other factors contributing to the perfect storm that AVG refer to. Since 2016 sterling has weakened which must help their exports (which are the majority of the business). There are also cost savings (at least 0.6m for directors pay). With normality resumed, focusing on business instead of keeping banks on side and customers placing orders that were deferred in 2017 why shouldn't HAYT itself be contributing north of £6m in 2019?
lignum
02/10/2017
15:09
I think Thompson has made a fair evaluation of the situation and while I have been holding back on the last third of my planned investment I think I'll jump in with the CEO and add to my holdings.
ugandalad
02/10/2017
14:31
Simon Thompson positive in IC hTTps://www.investorschronicle.co.uk/comment/2017/10/02/engineering-gains/?utm_campaign=Copy+of+ICDailyEmail_new2016&;utm_source=emailCampaign&utm_medium=email&utm_content= Snippet An immediate objective for the management team is to restore Hayward Tyler’s profitability by taking out costs from the business, improving the supply chain management and removing duplicated overheads. Jo Reedman at N+1 Singer believes that £3.2m of costs can be taken out in the financial year to end-May 2018, doubling to £6.6m the year after, and is conservatively assuming that Hayward Tyler will make a nine-month operating profit contribution of £1.6m in 2018, rising to £3m on £61.6m sales in the 2019 financial year. There’s scope for upside as Hayward Tyler’s reported operating profit margins were as high as 9.4 per cent in 2016 prior to getting into difficulty, and finance director Stephen King has only assumed flat sales from Hayward Tyler. The point being that although analysts expect Avingtrans's pre-tax profits to increase sevenfold to £2.1m on revenues of almost £80m in the 12 months to end-May 2018, around 85 per cent of which is already supported by contracts in place, rising to profits of £3.4m on revenues of £95m the year after, I can see potential for outperformance given the conservative assumptions on which the estimates are based. Furthermore, with the backing of Avingtrans’ solid balance sheet, there are no financial constraints impeding progress at Hayward Tyler, another reason behind its recent underperformance.
cockerhoop
02/10/2017
08:36
CEO Steve Mcquillan who prides himself on not overpaying has dipped his hand in his pocket along with his 'Punk Rocker' wife. hTTps://uk.advfn.com/stock-market/london/avingtrans-AVG/share-news/Avingtrans-PLC-Directors-Dealing/75763744
cockerhoop
29/9/2017
15:33
From the finals On 31 August 2017 the Group acquired 100 percent of the issued share capital of the Hayward Tyler Group plc for GBP29.4m through a share placing. On the same date GBP11.5m of its facilities were repaid, a further GBP10.0m of debt assumed and GBP5m of associated transaction costs incurred.
cockerhoop
29/9/2017
15:19
If I remember rightly net debt at HAYT FY end was £22m, but dont know how it stood at t/o.
rogerrail
29/9/2017
12:00
teela brown - I think you will find most of the cash will have gone to pay off HYAT borrowings or if not paid off needs netting off against HYAT debt. Has anyone goe a net cash figure for the company post t/o of HYAT?
pugugly
29/9/2017
11:41
Simon Thompson the small companies specialist from the Investors Chronicle is a frequent support of Avingtrans. A standard measure he frequently uses for Avingtrans (and other cash rich companies) is to produce a "cash adjusted PE ratio". He does this by removing cash from a company's net asset value then calculating what this rump is as a multiple of earnings. Applying wilmdav's EPS figure of 19.8p from 28/9/17 to yesterday's closing mid price of 211p we can see: a market cap of £65m, cash of £26.4m (40.6%of the market cap): this gives a "working" value of 125p and cash of 85.6p. The 125 bit is 6.3x the EPS figure. If an EPS multiplier of 10 is applied and work backwards, 10 X 19.8 =198 then add back the cash of 85.6 a value of 283.6 emerges. Is a PE of 10 too generous? Personally, I think not. Teela
teela brown
28/9/2017
10:45
Very optimistic. Nothing from Canaccord but FinnCap and N+1 Singer are virtually identical. Consensus below from Sharepad. . 5/18 5/19Turnover 80 95.5Profit 2.1 3.4eps 3.5 6.5Dividend 3.6 3.8
wilmdav
28/9/2017
00:25
HAYT made £5.15m pre-tax profit in 2016 and £4.55m after tax. AVG'S current number of shares is 30.7m Assume HAYT recovers sufficiently under AVG's management to produce the same amount of profit in their year to 31/03/19 without issuing any more shares. This would result in an eps of 14.8p Add Cannacord's forecast for the existing business in that year of 5p, which gives a total eps of 19.8p. At todays share price of 216.5p, the P/E for 2018-19 would be 10.9. In view of the tone of today's results and the necessary 'heavy lifting' this might well be over-optimistic but presumably we will soon receive an update from the broker.
wilmdav
27/9/2017
21:08
I don't see it as a 'long haul' or particular challenge. I see AVG as it has always been - as a punt on management ability to add value. They took the aerospace division which in 2011 made £0.96m profit and even in 2015 only £2.75m of profit and they sold it for £52m. They had previously sold Jenatec for £12.4m. Now they have bought Hayward Tyler at a knock down price. Several of us used to have shares in it. It is in principle a very good business but it was weighed down by debt. Thus the results of the energy/medical division which reported today are almost irrelevant. I have the results of that division for the last seven years. In that time it has made a profit three years and a loss four years. On average it has made a small loss. But the turnover has grown by 50% in seven years so it is making some progress. The excitement will lie elsewhere. You are paying for the potential, and the lack of debt to boot.
westcountryboy
27/9/2017
14:41
Pug Yes, having a daft moment as been reinvesting my cape proceeds today which was an all cash offer and got confused. Apologies!
tiswas
27/9/2017
14:12
tiswas - I think you will find they were issued to purchase HYAT -- Westcountryboy - All dependent on a turnround at HYAT - Feels to me like a very long haul with porential/probable "heffalump" traps on the way to cause further falls when/if they materialise .
pugugly
27/9/2017
14:05
Pug - the energy and medical divisions have never been very profitable, so no surprise in the figures.
westcountryboy
27/9/2017
11:17
Bought these on the basis management would continue to do what they do with the then current Businesses and would successfully takeover HYAT without over paying. The second part of my planned investment went in recently I'm now patiently awaiting to see how matters turn out. Given the achievements of the past 6 months in returning Capital, Sellafield product acceptance new contracts and maintained cash pile the market, with low volume, playing around with the share price is of little concern in fact if they shake the tree further my third part of my hoped for investment may come in quicker.
ugandalad
27/9/2017
10:49
tiswaas: but report before purchase (rescue) of HYAT From web site "As at 26 September 2017, the Company’s issued ordinary share capital based on Total Voting Rights of 30,704,636 shares:" Mr Market seems very unhappy and walking share price down but on relativly low volume.
pugugly
27/9/2017
08:57
PugUgly - Yes fully agree with your points that would imply that both sectors - energy & medical - in their current form have not been especially profitable on current sales. Great reliance being placed on reorganisation of HAYT and 3M3 boxes going into production.
dgwinterbottom
27/9/2017
08:37
Accounts out this morning - OK an improvement BUT Adjusted Profit Before Tax improved to GBP0.3m (2016: GBP0.1m) Adjusted Diluted earnings per share from continuing operations 1.1p (2016: 1.0p) Not very clever for a company with a market cap of £70 million - and a share price of some 230p - p/e any one -- OK Sellafield nice but HYAT to be turned round - Looks like long hard work (imo) Certainly marked down significantly first thing this morning.
pugugly
06/9/2017
15:30
You've put it more succinctly though Rhomboid!
cockerhoop
06/9/2017
14:16
I failed to explain! If some investors were sitting on a declining asset and were given the opportunity to exit at a reasonable price then some (many?) will especially if they are less sophisticated than Rhomboid. So will they hold back any re-rating for some time to come?
toffeeman
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
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