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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/7/2016 19:11 | Thanks guys, so I haven't 100% missed something, we're still waiting for more clarification?Exciti | 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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