Earwacks,
I presume you meant HS2 cancellation? Whilst it's correct to say all Booths current HS2 orderbook is for the 1st phase of the contract the extension of the line would have in all likelyhood provided further orders to Booths. This would have provided better visibility into the future and enhanced the value of the business on sale (which I thought was perhaps the most likely next business to be sold). |
The problem AVG may encounter regards valuation is that on the surface the financial forecasts have gone backwards because of the increased investment required in Magnetica and Adaptix. So to anyone valuing the business on a PE basis (incorrect way in my view) it looks much more expensive than previously. (adj eps reduced from 21.9p to 2.8p).
I'd suggest it's more sensible to value on a sum of parts valuation of the subsidiaries. |
Thanks for your support and comments here chaps. Not bought back yet. We all seem fairly happy that operationally the company is going up so it’s odd the share price is travelling down. Perhaps AVG is just a victim of the general market selling and drift in UK small caps as MMs try to find buyers lower down. As ever will SPs turn without notice and I guess the AVG share price is just news driven. Still here but not yet if you know what I mean. GLA. |
steve3sandal - Your hope for sub £4 acquisition has been realised for some time now - the latest buy price is £3.60. Might be best to wait a while though as this could fall lower if the current trend continues. |
S3S - further to your enquiry about the boxes for nuclear waste storage, they are as has been said 3m cubed boxes. They are manufactured of double skinned stainless steel with concrete in between they also I believe have a unique way of being sealed. When the Sellafield contract first started a couple of years ago the boxes were priced at approx £35k each and would be stacked to a maximum of 4 high. |
They've appeared to takeover Adaptix on very advantageous terms so also looking forward to the 3D x-ray system which is running ahead in the development cycle compared to the MRI scanner. |
Thank you both. I was hoping they weren’t encasing the whole plant. I’m largely hoping to buyback under £4 as I’m cheap, just have to be patient and keep my fingers crossed. The portable MRI scanner opportunity they have built looks very interesting and very AVG. |
The other contract for £3m appears to be with Magnox to supply the internals for a Concrete Nuclear waste box. |
s3s, welcome back! Today's contract news is an extension of the work that Metalcraft has undertaken for a few years now, making 3m cubed steel containers for nuclear waste. Interestingly, it states that one is a new contract and the other an extension to an existing contract, so Metalcraft is becoming a trusted supplier in the nuclear space for these boxes.
See more here: www.metalcraft.co.uk/what-we-do/nuclear |
Previous holder but the recent results and the waxing lyrical of serial winner Christopher Mills (NAS, ORYX)has brought AVG back on my dashboard. Paul Hill also very keen I see.
Can anyone describe what these new concrete boxes for nuclear plants, announced today, look like? I’m struggling to comprehend what they might be getting into. Also, do we know what happened to the firm who previously did concrete boxes? Many thanks. |
Not sure what the relevance is of uranium stock, but great news of massive six year contract for nuclear waste as flagged up in in presentations if only the market would listen and not react to irrelevant news they are not connected with |
Two terrific new nuclear decommissioning contracts worth £14.5m signed today by specialist engineer Avingtrans.
All the details here. |
Uranium stocks correcting this week |
Don’t tell me it’s dropped because of Hs2 cancelation. The bit we are not even involved in. Tozzers |
Downing LLP in for 3.3%. Surprised that didnt push the price up a bit more |
Great interview Paul. What a great company. They are what makes Britain great. Typical expected bonkers reaction from the markets. Just the one company, Adaptix could be worth more than the whole of avg in two years. Got to love them, head down, foot flat on the accelerator. |
In this fascinating interview, CEO Steve McQuillan & CFO Stephen King of Avingtrans take me through today’s 'in line' FY’23 results and exciting outlook. |
Out from here & going to buy GATC today |
In this fascinating interview, CEO Steve McQuillan & CFO Stephen King of Avingtrans take me through today’s 'in line' FY’23 results and exciting outlook. |
'In line' prelims released today from niche engineering firm Avingtrans.
All the details here. |
Managed another top up today. I do like dual purpose machines. i have another medical diagnostic company Cog, that may find they have a market outside medicine. Busy old week next week, about 4 of my companies reporting |
Next week we get full year results to May 31.
I would have thought they would have been better to issue the results in the first week of October when there v few company announcements. Next week we will have alot of interim results to end June.
Possible that they want to keep their light under a bushel. |
The acquisitions look good. I like the fact it only adds 650,000 shares to an already low number (circa 35million from memory). Assets per share over £2. Peg ratio is a little high at 2.65? Pretty modest target from Singer @ £5.10 . Interesting mix of off the radar traditional engineering stock and some new technology equipment. Good balance. Chairman back next week, hope his family member has made a good recovery. Look forward to interims next week with some enthusiasm. I did do a small top up this morning. First off the block. Some people say should never buy before 9. I think most golden rules are best broken |
Niche engineer #avingtrans completes acquisition of @adaptiximaging
All the details here |
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