Plenty of news in the uk about MRI scanners, or lack of them compared to other countries and people trained to use them. Perhaps you could ask about progress on Magnetica, although I’m sure they will be keen to update about approval. Out of interest where is the Agm being held? One of the few boards I would really like to meet. I doubt I will be able to make it unfortunately. |
No, it was a typo error from the Preliminary Report |
Interesting their advisers indicated 19th |
I have been advised that the AGM is actually on the 21st Nov and not the 19th Nov. |
I think it is difficult to manufacture without their technology so they should all things being equal land a useful bite of the tender |
I was talking box run rate rather than financial but yes £70m was due to be delivered in 6 years so around £1m a month which at around 70-80k a box would be around 12-14 per month. I was interested in if they were hitting that rate.
Yet to see the Stainless Metalcraft FY24 accounts posted at CH to see if they've kicked on to the full run rate.
It'll be interesting to see who else picks up a share of the £800m contract as I understand it's not without technical difficulties. The previous co-contract winner dropped out. |
DGW,
What's the current monthly runrate on the existing Tranche A 3m3 box contract? |
Just had a look on the tender website. It appears there is a current open engagement for 3m3 boxes - perhaps to find a further supplier. Metalcraft unlikely to be awarded the full £800m.
AVG have picked up this contract. |
Thank you. Would be interested to know if they have any sight on timescales for the £800m 3M3 container tender. I think there may have been an industry wide briefing from Sellafield recently. Would be interested to know if they are happy with the reception of the adaptix product in the market. It would be interested to understand how buoyant the M and A market is for pump and pump related businesses. |
Next week 19th November is the AGM date as I am still intending to go.
Should anyone have any questions to put I will be happy to put them to the Board. |
Is it today or tomorrow. Cant find the date |
I am thinking of going to the AGM this time, anyone else attending! |
Downing upped investment to over 5 percent. Not that you’d notice from the share price in this direst market in the world. At the turn of the century the FTSE stood just shy of 7000 while the Dow was hovering around 12000. The ftse has taken great strides to add another 1000 points over quarter of a century while the Dow has smashed another 30,000 points out of the park |
Fantastic news about aero space industry award. No market reaction tells shows the picture of investing in the Uk. |
More encouraging news wrt Avingtrans' unique 3D X-ray technology.
All the commentary and analysis here |
Cheers Paul. Its very interesting if a little irritating. I suppose it had to be Americanised, which is fair I suppose as much of their business and future lies in America. I can imagine this turning into one of those annoying thirty minute videos where they repeat everything 100 times before telling you who the company are. Honestly I think you do a much better job interviewing the Steves. |
For those interested investors, please find in the below download link an AI generated podcast created by Google's new NotebookLM service wrt Avingtrans' recent results.
Again worth a listen |
Not much change from summer update. Slightly ahead of upgraded expectations. Well managed investment in new acquisitions. Tight control on costs keeping a lid on debt and expenditure. Plenty to look forward to from this well run ship with such a broad range of businesses. No idea how the market will react, not that I am particularly bothered because I think they do a remarkable job. No news as yet on divestments, (possibly 12-18 months away) other than they are always alert to both acquisitions and sale and in a strong position to act accordingly. Should be plenty of excitement to come from the medical side in the coming year which should help reach inflexion point to be firing growth and profit from all sections. |
Quick CEO/CFO interview ( investor note ( wrt Avingtrans’ strong FY24 results & upgraded outlook. |
Historically the share price has tended to kick on primarily on divestments,the timing of which are unfortunately impossible to accurately predict.
Booths does seem ready to go? |
As I understand it, they have some land ‘with potential permanently on sale,but with a few ‘difficulties.’ They have a couple of businesses ready to move on. So a lot of their income comes from trading assets, which could materialise at any time. I think Harwoods last summer of parts was conservatively £5 a share for the business and a speculative £5 a share for the medical side. Over a two year investment there is a clear potential to at least double up here, while the down side is limited |
Excellent answer - thank you.
>>Saying that group EPS and therefore PE is a pretty rubbish way to value AVG as they always have companies in a turnaround status>>
Yes, understood - what I didn't realise on an initial look was that investment in medical imaging was going to be quite so significant.
Will continue digging. |
zho,
The reduction in FY25 profitability relates to the heavy investment required in the medical imaging division as they prepare for volume production at both Adaptix and Magnetica.
So whilst the underlying engineering businesses continue to be profitable the MI business will be loss making in FY25 suppressing the EPS.
Saying that group EPS and therefore PE is a pretty rubbish way to value AVG as they always have companies in a turnaround status. I think it should be valued on a sum of parts basis. |
Has anyone got access to earnings estimates?
AVG made 23.4p in FY23 and 11.7p in H1 24, so I was puzzled by Paul Hill's tweet after the 19/6/ TU – unless his 6p is a typo and he meant 26p?
“Cavendish have ... FY25 adjusted EBITDA and EPS of £14.0m & 6p respectively on revenues of £161m.” |
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