Avingtrans Share Discussion Threads

[dgwinterbottom] 21/6/2017 09:12

Does anyone feel this Friday could be make or break?
Would they be granted a third extension?

[rogerrail] 19/6/2017 21:40

DG, I meant alternatives to HAYT

[dgwinterbottom] 19/6/2017 14:39

Roger - you feel there could be more than one acquisition?

[toffeeman] 19/6/2017 12:45

Well if that tick up is maintained I shall fell extremely smug :)

[rogerrail] 19/6/2017 12:25

There is nothing to suggest AVG are looking at more than one target, but this could be one reason why due diligence is protracted.

[dgwinterbottom] 19/6/2017 11:36

Given there is no news either way, each side must have reason to maintain the status quo. Looks as though it may go to the wire.......or yet a further extension!!

[puffintickler] 16/6/2017 12:19

DGW

I agree, the BoD knows that patience is a virtue and no sensible shareholder is going to complain if they do not go through with a purchase if the price is not right. They make most of their money by buying assets that fit at a good price. Many companies are guilty of overpaying for assets they want, AVG is (so far) an honourable exception.

[dgwinterbottom] 16/6/2017 11:50

Toffeeman - Having met the BOD on many occasions over the years I can honestly say that they are both shrewd and self disciplined in any action they take. I would be very surprised if they were guilty under these circumstances.

[toffeeman] 16/6/2017 10:47

After a few years of watching - I made my first purchase today. I think it is risky because the BoD might want the acquisition glory and I hope they consider shareholder value first.

[arthur_lame_stocks] 16/6/2017 10:00

I've also bought back in as the company is now trading at about the level of its net assets and net current assets and there is still the possibility that they may be able to get HAYT for a steal as they appear to be in financial difficulty.

Arthur

[puffintickler] 15/6/2017 16:40

I have taken the opportunity to buy back in today sub 200p, I had sold most of my holding at 220+ as I felt the price would fall back, it duly did but the recent tip scuppered that plan, until now.

[steve3sandal] 15/6/2017 16:28

Also took the opportunity to top up this afternoon....sale 20% off....be rude not to!

[dgwinterbottom] 15/6/2017 16:12

Perhaps there may be significance in the fact that Interim Dividend will be paid tomorrow!

[glawsiain] 15/6/2017 15:35

One thing though; the cash pile is £27.8m, worth 145p a share not 200p

[glawsiain] 15/6/2017 15:31

Agree 5chipper. Have topped up today.

[5chipper] 15/6/2017 15:28

Well, i didn't expect another opportunity to buy these again at £2... thankyou Mr Market.. m.cap less than cash balance + same price as tipped by ST at turn of year in his bargain shares portfolio...

[dgwinterbottom] 15/6/2017 13:58

looks to have ben down as low as 194p but recovered to 202p at the present time, could this mean mutter in the gutter they are going to walk away I wonder?

[llwyd] 15/6/2017 13:16

Bailed out first thing @2.10. Fall too steep for my liking especially on no news.

[dgwinterbottom] 14/6/2017 16:22

Cisk - my thoughts exactly!!

[cisk] 14/6/2017 16:00

Let's hope they find support around 200p. This has gone on far too long, either go hostile or walk away, I hope they don't overpay. I hope it hasn't been too much of a distraction for them.

[dgwinterbottom] 14/6/2017 14:23

Now down 11p, are they walking away?

[dgwinterbottom] 14/6/2017 09:21

Another 3.5p drop this morning one assumes on little or no news, however at least there is not a 17.5% spread as there is on HAYT shares!

[dgwinterbottom] 06/6/2017 09:21

Whilst I may not have been in the investing world for as long as many I have never known a case like this that has been as prolonged. I have total confidence in the AVG Board in terms of what they are looking for but the suspense is building.

[cockerhoop] 01/6/2017 13:42

If I was HAYT management and looking to avoid takeover or obtain the maximum takeout price I would clear the overdue £2.4m debt and get within banking covenents as early as possible.

The fact that HAYT are continuing to roll over debt from month to month suggests they are currently not cash flow positive to the extent that would allow repayment.

[dgwinterbottom] 01/6/2017 13:35

Thanks Rhomboid - you think HAYT are "under the cosh"?