Avingtrans Share Discussion Threads

[ayl30] 29/6/2021 08:10

Market likes today's news, price continues up, great little company

[brummy_git] 29/6/2021 05:21

Just in case you missed it yesterday.

Marvellous insights from Christopher Mills of Harwood Capital - a world class investor - talking about top quality stocks, such as Avingtrans.

Heaven personified

www.linkedin.com/posts/paul-hill-a5994116_vox-markets-fund-manager-interview-with-chris-activity-6815288599295123456-BgJJ

[tole] 20/6/2021 16:35

https://masterinvestor.co.uk/latest/small-cap-round-up-featuring-amino-tech-anexo-avingtrans-and-more/Avingtrans (LON:AVG) – a good slice of PIEThere should be a full-year trading update issued on Thursday 1 July by this group.The company has a number of business units involved in various sectors. It designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.Richard Hickinbotham, at N+1 Singer, has estimated that for the year to end-May the group saw revenues lower at £98.5m (£113.9m) but with adjusted pre-tax profits up from £6.0m to £7.4m. He sees earnings at 20.0p per share (16.9p), capable of covering a 4.0p dividend (nil).Remember that the strategy of this group is PIE – pinpoint, invest and exit. I like that strategy and consider that the company really works hard at identifying opportunities in which to invest its time and management efforts as they improve before selling off.So, watch out for the subsequent share price boost as disposals are enacted.The shares at 380p are sure to rise a lot further, so hold tight.(Profile 04.11.20 @ 260p set a Target Price of 325p*)

[brummy_git] 19/6/2021 12:31

Avingtrans (15mins 35secs) was also talked about by capital markets expert Jamie Constable of N+1 Singer here yesterday.

www.linkedin.com/posts/paul-hill-a5994116_n1-singer-chief-economist-jamie-constable-activity-6811638461578182656-EjGN

[brummy_git] 07/6/2021 06:10

Tracking what super smart investors do is a marvellous way of unearthing new opportunities.

Specialist engineering products/aftermarket services firm Avingtrans is a case in point. Offering >35% potential upside vs my 507p/share SOTP (including all sector multiples/KPIs).

The business model is to buy such high performance assets cheaply, integrate them, improve results & ultimately sell if the exit price is right. A strategy which has played out perfectly over the past decade – driving the stock up on average 20% pa (excl divs) vs 4% AIM.

www.linkedin.com/posts/paul-hill-a5994116_avingtrans-sotp-valuation-engineering-multiples-activity-6807528410571714560-3O4o

[cockerhoop] 03/6/2021 08:30

I'm not suggesting that a sale is imminent at Booths but think they already have an eye for the exit. Which is what you'd expect - it's the companies investment policy.

[dgwinterbottom] 03/6/2021 07:14

It does indeed look as though Booth Industries with the right action being taken for the future will be an excellent profit generator, therefore it would seem a great shame to lose it to the PIE policy when it may in future generate good and useful profit for the group as a whole!

[cockerhoop] 02/6/2021 12:36

A point to make on the Sellafield contract, I don't think the majority of the original £50m contract has been recognised as yet. The original contract suggested £6-8m in Phase 1 over the 1st 2-3 years. Clear Sellafield have been dragging their feet and we appear to only now to be entering Phase 2.

So possibly now £60m of revenue over the next 6 years.

The structural changes at Booths may suggest they are already positioning it for divestment. The company has certainly been stabilised and now has a secure orderbook.

[cerrito] 02/6/2021 11:59

2 RNS' in 2 days from one of the more taciturn AIM companies.
I had always assumed a Metalcraft/Sellafield contract extension but good to see it confirmed. The Booth industries RNS today to me confirmed what we knew already.
Who knows they may do more shareholder engagement ie do IMC type meetings or even have Edison type reports.
Their shareholder base is not all that concentrated which would suggest not insignificant private shareholder base.
Having topped up in both April and May do not see myself buying more but no intention of selling.

[cockerhoop] 25/4/2021 08:19

Cerrito,

Sounds like Paul is getting to grips with the business. I remember listening to his interview with Chris Mills describing how he saw the business awhile ago.

Couple of points i'd make, Judith Mckenzie basically pulled the plug on funding Booths which allowed it to be bought for buttons out of administration by AVG. So does know the business.

And the marginal deals in Magnetica shares (AVG investing £3.2m to gain an additional 2.1%) suggest internally the entity is valued pretty highly.

[cerrito] 24/4/2021 19:59

I stumbled upon a discussion on AVG minute 21 on
hxxps://audioboom.com/posts/7851416-paul-hill-on-stocks-valuations-russ-mould-on-banks-jamie-constable-macro-outlook

[dgwinterbottom] 19/4/2021 12:32

Indeed, wonder what caused it? pending announcement perhaps!

[ayl30] 19/4/2021 11:56

Nice rise this am

[cerrito] 12/4/2021 17:25

I am going on the basis that JTC as per today's holdings RNS are taking over the RBC role.

[cerrito] 09/4/2021 10:05

Good that RBC have been able to exit more than 6pc of the shares without moving the price given the illiquidity in AVG shares

[strollingmolby] 30/3/2021 12:12

Getting close now - move above 330 and that will be an all time high... just a matter of time!

[ayl30] 29/3/2021 22:51

Hopefully this will give it a bit of needed publicity

[cockerhoop] 29/3/2021 21:40

Simon Thomson



The holding has produced a total return of 60 per cent to date and I see further upside to my upgraded sum-of-the-parts valuation of 400p a share, the equivalent of a 2021-22 cash-adjusted price/earnings (PE) ratio of 15. Buy.

[cockerhoop] 12/3/2021 07:52

Was only looking at the Peter Brotherhood results this week at Companies House.
Pretty decent outcome considering Hayward Tyler bought Peter Brotherhood for approx £10m and then completed a sale and leaseback of the Peterborough site for £7.5m.

[cerrito] 12/3/2021 07:22

The Peter Brotherhood salr seems good news for all concerned.

[18bt] 12/3/2021 07:19

Wow, what a good deal that was only 3 and a half years ago. 4x gross return. ST looks right again on valuing on a sum of the parts. No doubt he will update again on Monday. This is turning into a mini Melrose for its ability to spot the deals.

[cockerhoop] 22/2/2021 10:17

Tipped by Simon Thompson in the IC



On this basis, the shares are rated on a reasonable price/earnings (PE) ratio of 15.5 and offer a prospective dividend yield of 1.3 per cent. However, any asset disposals are likely to command a much higher exit earnings multiple, which is why I am upgrading my sum-of-the-parts valuation to 375p-a-share, the equivalent of a 2021/22 PE ratio of 17. Buy

[cisk] 10/2/2021 18:12

Alter, it's probably just some pullback after a decent recent run.

Fundamentals unchanged for me - it's a bit of a sleeper and one day we'll wake up to them doing a big deal to sell the MRI or metal working business for a great price, just like they did for Aerospace some years back. Or at least that's my hope!