Avingtrans Share Discussion Threads

[cockerhoop] 08/5/2017 12:27

The only guidance on price i'm aware of is this from HAYT on 31st March:

It should be noted however that discussions are at a very early stage. This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the Code (as defined above) and there can be no certainty that an offer will be made, nor as to the terms of any offer, including whether any offer would be at a significant premium to the current share price .

This was drafted when the share price of HAYT was probably in the range of 41-45p so I wouldn't expect a massive premium to that.

[dgwinterbottom] 08/5/2017 11:51

Given the fact talks have now been ongoing for about 6 weeks, incl the extension to date and things are very quiet re the talks with HAYT it would perhaps indicate that there is an agreement on the cards, the question is......on what price basis??

[dgwinterbottom] 04/5/2017 11:07

For a price of course.........

[cockerhoop] 04/5/2017 10:46

Could be good news for AVG and 3m3 boxes?

[steve3sandal] 07/4/2017 17:46

Simon Thompson, in the IC, has updated his bargain shares...weekly magazine out today. Nothing that we don't already know...seeking to deploy cash. I haven't looked but perhaps one or 2 people have bought a handful of shares?
Regards

[dgwinterbottom] 07/4/2017 15:22

Anyone know the reason behind the 9p share price jump today?

[mattboxy] 02/4/2017 19:15

What sort of price per share are we hearing/expecting for hayt ?

[dgwinterbottom] 02/4/2017 14:46

No doubt clearing the hAYT debt will be assisted by the cash they bring in once the 3M3 boxes start to roll of the line very soon now.......at 47k a pop!!!

[dgwinterbottom] 01/4/2017 18:09

When I attended the AGM in November the Board stated they were very open minded as to what they may or may not do towards an acquisition. It was stated that whilst they had just completed the tender offer they would not be averse, or think twice if a rights issue was needed to complete a targeted acquisition

[rogerrail] 31/3/2017 17:43

I think and hope an all share merger is on the cards, but oddly enough I would support a rights issue as HAYT is a high quality business with great potential if set free from debt.

[cockerhoop] 31/3/2017 14:14

tiswas,

I was thinking about that - I can't believe HAYT was a business that they thought they had any chance of securing when they decided to return capital to shareholders in the unsupported tender offer. Events have given them a window of opportunity to have a go so I think a 'unexpected chance to takeover a quality business has arisen' line would be supported by shareholders.

It also depends on price, in an ideal world for AVG holders they'd buy HAYT for £20m, reduce HAYT debt by £8m and sail happily into the future :-)

[tiswas] 31/3/2017 13:52

They have just done a tender offer so not sure they would want to start issuing shares again but I could be wrong, I usually am!

[cockerhoop] 31/3/2017 13:43

They could do a part cash, part paper deal which would both reduce debt at HAYT and not dilute AVG holders too much. HAYT are in a short term spot so don't appear to have too many cards to play. Risk of other perhaps overseas bidders emerging though. HAYT products are respected.

Potential great deal if pulled off at a reasonable price.

[tiswas] 31/3/2017 13:37

Talking very rough numbers hayt have 50m shares out according to stocko which at 50p is £25m. AVG had 27m in cash but the hayt debt is approx £18-20m (?).

Would AVG be happy taking on that level of debt or are they going to "steal" the equity.

[rhomboid] 31/3/2017 12:44

As an AVG holder I'm delighted, I think they could end up getting a great deal and they've certainly proved adept at buying & building before. I'm keeping my fingers crossed that they get it done

[cockerhoop] 31/3/2017 12:29

I'm not sure they're looking for synergies, I think they see a quality business undergoing temporary cash flow/funding issues which they may be able to poach at price that will appear a bargain in the long term. Been masses of investment recently at HAYT.

[dgwinterbottom] 31/3/2017 12:25

I think it may be the access to their Energy/Nuclear markets, to have approval from Nuclear authorities is a significant niche market

[cerrito] 31/3/2017 11:28

Interesting nothing from AVG so far following HAYT RNS which suggests it is early days.
I have more in HAYT than AVG and at first glance not convinced of the industrial logic for AVG

[dgwinterbottom] 14/3/2017 16:14

Ah.... thanks for that, never heard it referred to in that way :-)

[the pr0f] 14/3/2017 14:38

Dg, the outline of a head and shoulders or top 1/3 of a person, turn that outline upside down and overlay it onto the graph. "Inverted h&s"

[the pr0f] 14/3/2017 14:29

Toffee man I second that opinion, perhaps some of our short trading friends have missed a potential break out in exchange for a quick profit. Still a good time to top up imo

[dgwinterbottom] 14/3/2017 14:12

"inverse H&S" ?

[toffeeman] 14/3/2017 12:52

If I had the cojones I would suggest an inverse H&S with a target price of 250 bwtfdik.

[dgwinterbottom] 14/3/2017 11:13

Todays drop would appear to be shaking out profit takers, the result, hopefully being diehard investors in AVG !!

[the pr0f] 14/3/2017 09:13

Interesting indeed, if this keeps momentum it could easily reach 260-270 Worth 300 imo