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AVG Avingtrans Plc

390.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 390.00 380.00 400.00 390.00 390.00 390.00 13,615 07:45:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 116.95M 5.19M 0.1579 24.70 128.3M
Avingtrans Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker AVG. The last closing price for Avingtrans was 390p. Over the last year, Avingtrans shares have traded in a share price range of 330.00p to 450.00p.

Avingtrans currently has 32,897,522 shares in issue. The market capitalisation of Avingtrans is £128.30 million. Avingtrans has a price to earnings ratio (PE ratio) of 24.70.

Avingtrans Share Discussion Threads

Showing 2476 to 2498 of 3150 messages
Chat Pages: Latest  102  101  100  99  98  97  96  95  94  93  92  91  Older
DateSubjectAuthorDiscuss
01/7/2016
19:11
Thanks guys, so I haven't 100% missed something, we're still waiting for more clarification?Exciting times, especially in this sector where the residual 19(ish)M could go a long way in bolt on acquisitions for growth. That could easily be two or three decent acquisitions which are earnings enhancing. I really am excited about this over the next year or so. Just got confused about this tender offer.
sammarcwhite
01/7/2016
18:04
I cannot see how they can do that and ensure that a shareholder gets £1.00 per share, no more no less.
However, I got rid of my holding this pm for a very satisfying return in the belief they are now fully valued, so this is my final visit to this board unless they pull a rabbit out of the hat at some future time. Good luck all.

dozey3
01/7/2016
13:24
given it's called a tender, in previous shares I remember that they ask you how many shares you want to sell and the price, and basically there is a limit. If you want to keep the shares (which I probably will), you can tender zero. And maybe you can specific more than your allotment in case others don't take up their full amount.

So I'm under the assumption that because it's a tender, you don't have to get the cash back.

cisk
01/7/2016
13:08
Not so Dozey! :)
toffeeman
01/7/2016
11:49
I don't think they will work it that way. More likely they will issue each holder with one 'B' share for every share held. Then these untradeable shares will be purchased by the company for £1.00, or exchanged for one unit of loan stock of £1 which may be cashed in at some future date. This latter is to enable cgt tax to be spread over two or more years.
Now I am guessing all this, because AVG hasn't had the common sense to tell shareholders their intentions.

dozey3
01/7/2016
10:27
Toffee
The purchase price will be at a premium to the current price ie 200p+ to attract shareholders to accept the offer

It is the number of shares tendered that will vary if necessary - presumably the assumption was 1 for 2 in the initial RNS but that might have to change slightly or more likely they will return slightly more cash.

SJ

sailing john
01/7/2016
10:23
That's not what they say. "As the Company announced on 27 May 2016, following the disposal of the Aerospace Division, the Company had net cash in excess of £47 million. The Board is now pleased to announce that it intends to return almost £28 million to shareholders by way of a Tender Offer ("the Offer"), representing 100p for each ordinary share in issue."

They haven't yet announced the price at which they will tender for shares.

eezymunny
01/7/2016
10:19
If I may defer:

It's bonkers as it stands.... "we will buy your shares for £1.00, we know at the current price you won't sell them to us, so in fact nothing will happen"

They don't have a very good nomad!

toffeeman
01/7/2016
08:40
Go and look at BQE if you want to see how a tender works. It's pretty straightforward.
eezymunny
01/7/2016
08:28
That's great question - I'm thinking same thing...not really sure how a tender offer works
sammarcwhite
30/6/2016
14:24
Given I have never experienced such a situation before could someone please advise how this return to shareholders works?
dgwinterbottom
30/6/2016
11:07
Simon Thompson (Investors Chronicle) has initiated coverage today with a Strong Buy recommendation; TP 230p

Engineering a profitable free ride - [subscription required]

speedsgh
30/6/2016
10:06
Thanks Toffeeman, we wait and see then !
leadingladies
30/6/2016
09:01
It depends

a) what they do with the balance of the cash
b) how they rub he businesses

It is the correct way to deal with surplus shareholder funds - if we can't invest it effectively then give it back to shareholders and let them reinvest where they see fit.

toffeeman
30/6/2016
08:19
In view of today's announcement to hand back to shareholders £1 per share anyone any idea how this is likely to affect the co.s share price ?
leadingladies
28/6/2016
16:24
okay just wondering
spob
28/6/2016
16:10
The announcement said ...
"after adjustment for debt and working capital and associated transaction costs, will result in the Company receiving proceeds of approximately £52 million (before escrow arrangements)"

So I guess it is sterling, and no doubt most of the aviation division earnings would be dollars. On 4 May AVG announced that the sale had completed, so presumably they have the cash.

dozey3
28/6/2016
13:22
Is the money from the sale of the Aerospace Division in Sterling ?
spob
27/6/2016
15:37
"When was it 156p?"

First thing Friday morning when the market opened post Brexit!!

dgwinterbottom
27/6/2016
09:02
When was it 156p?
anresu
26/6/2016
16:54
A little silly trading below net cash and that doesn't even count the remaining business that is there for absolutely nothing!
cfro
25/6/2016
08:47
FinnCap on Friday have tipped it again.

AVG Avingtrans trades below its cash pile.
Finncap; Also we point out that Avingtrans at 156p (down 10%) is now at a 17p discount to its net cash of 173p per share – clearly an anomaly and we remain buyers!
Analyst David Buxton

davebowler
11/6/2016
13:50
Puffintickler - Quite correct and as one who have net the Board on many occasions, am confident that they are working to the shareholders best interests. Their conduct is nothing but honourable.
dgwinterbottom
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