Avingtrans Share Discussion Threads

[dgwinterbottom] 18/11/2022 07:40

Sadly I could not make it this year, given I was the only one last year perhaps it was just the Board!

[cerrito] 17/11/2022 20:16

In case anyone missed this terse statement in the AGM results email
quote
The Company is pleased to announce that it continues to perform well and current trading is in line with market expectations.
unquote
Did anyone make the AGM?

[cerrito] 17/10/2022 09:55

so far today 8,500 shares traded and price down 6%.

[dgwinterbottom] 14/10/2022 08:29

Many thanks for your thoughts Cerrito, I am however surprised that the share price has not recovered rapidly as I would have expected someone to snap up the available shares.

[cerrito] 11/10/2022 21:26

DGWinterbottom
I am going on the basis that there is an insti that wants out and this is not the most liquid share as indeed there is little turnover of holdings by the plus 3pc shareholders.
I see that at about 1pm there was a 20k share trade and another for just short of 10k shares and another of 8k shares and that for the majority of trading days in September total trading volume was less than the 39k odd here.

[dgwinterbottom] 11/10/2022 18:11

Any thoughts as to why the share price has fallen so much?

[ga_dti] 29/9/2022 07:04

Latest CEO interview discussing results for the year ended 31st May 2022. Steve talks through highlights, performance in the Energy division, involvement in the Medical division, M&A areas and what investors can expect his year -

[brummy_git] 28/9/2022 07:36

In this fascinating interview, CEO Steve McQuillan & CFO Stephen King take me through Avingtrans’ positive FY’22 results today and ‘in-line’; outlook.

www.linkedin.com/posts/paul-hill-a5994116_qa-with-avingtrans-ceo-steve-mcquillan-activity-6980791954997448705-kmoG?utm_source=share&utm_medium=member_desktop

[brummy_git] 28/9/2022 06:21

Robust demand, pricing power & resilient profit margins are the hallmarks of specialist engineer Avingtrans - that today posted 'in line' FY'22 results & positive guidance for the year ahead.

Find out all the news & commentary here.

www.linkedin.com/posts/paul-hill-a5994116_avg-avg-avg-activity-6980772135732441088-a340?utm_source=share&utm_medium=member_desktop

[cerrito] 25/9/2022 20:05

I have seen they are due to report Prelims on Wednesday which if true would be a bore as we have the June interims from the stragglers beating the end of month deadline.. Much better to do it in the first week of October when there are very few results. Perhaps they want to hide their results.

[brummy_git] 07/7/2022 07:23

'Steady as she goes' for specialist engineer Avingtrans, who said today it was trading in line with expectations.

All the investor news, valuation & commentary here.

www.linkedin.com/posts/paul-hill-a5994116_avg-avg-avg-activity-6950709212045840386-Lsyh?utm_source=linkedin_share&utm_medium=member_desktop_web

[ayl30] 07/7/2022 06:42

Solid results, set up well for next trading year

[brummy_git] 28/6/2022 13:11

Christopher Mills of Harwood Capital talks about Avingtrans here (starts 52:05)

www.linkedin.com/posts/paul-hill-a5994116_vox-markets-fund-manager-interview-with-christopher-activity-6947490289783603200-5DnF?utm_source=linkedin_share&utm_medium=member_desktop_web

hxxps://www.voxmarkets.co.uk/articles/vox-markets-fund-manager-interview-with-christopher-mills-3caf5ae

[brummy_git] 11/4/2022 07:47

Investor commentary here on today's nuclear contract wins for AVG

www.linkedin.com/posts/paul-hill-a5994116_avg-nuclear-avg-activity-6919167096249544704-LS4M?utm_source=linkedin_share&utm_medium=member_desktop_web

[ayl30] 29/3/2022 08:35

Nice run up in price in past two weeks

[18bt] 22/3/2022 07:51

Another contract win - but this time RNSNON in size

[tole] 18/3/2022 17:50

https://masterinvestor.co.uk/equities/taking-a-bullish-small-cap-look-at-mpac-cau-nwor-and-idox/Avingtrans (LON:AVG) – nuclear potentialAlthough the announcement of a couple of contract wins for two of its subsidiary interests did not alter current year estimates, this group saw its shares up 4% yesterday, closing at 427.5p.Analyst David Buxton, at brokers finnCap, currently has a price objective of 495p on its shares.He noted that the shares have been solid performers in current weak markets, highlighting the group's defensive qualities, as well as its nuclear engineering interests.The current year, to end May, could see £101.3m of revenues and £7.9m adjusted pre-tax profits, worth 22.6p per share in earnings and a miniscule 4.2p dividend per share.For the coming year he estimates £110m of revenues, £9.6m profits, 25.3p earnings and a 4.4p dividend.Hold on for Buxton's price aim being scored.

[alter ego] 17/3/2022 07:38

Impressive from a technical pov as well.

[ayl30] 17/3/2022 07:14

Contract wins announced, bodes well

[brummy_git] 23/2/2022 08:42

Great update interview here with CEO Steve McQuillan & CFO Stephen King of Avingtrans.

www.linkedin.com/posts/paul-hill-a5994116_qa-with-avingtrans-ceo-steve-mcquillan-activity-6902170324075708416-41RH

[ayl30] 23/2/2022 07:56

Solid results this am

[brummy_git] 23/2/2022 07:18

All systems go at specialist engineer Avingtrans.

Find out all the news, commentary & latest valuation here.

www.linkedin.com/posts/paul-hill-a5994116_avg-sellafield-avg-activity-6902149219105542144-Ispd

[ayl30] 21/2/2022 08:44

Responded well this am

[sarkasm] 20/2/2022 08:47

MIDAS SHARE TIPS: Alert! Nuclear waste can make you richer thanks to Avingtrans, the well-run business with a track record of success

By Joanne Hart, Financial Mail on Sunday

Published: 21:50 GMT, 19 February 2022 | Updated: 21:50 GMT, 19 February 2022



Sellafield was once prized as the world's first commercial nuclear power station, providing the UK with electricity from the 1950s until 2003.

Recently, however, it has largely been viewed as a problem. The size of a small town, this remote spot in Cumbria holds thousands of tons of nuclear waste, which needs to be packaged and securely stored as part of a decades-long decommissioning process.

Metalcraft will play a key part in that project. Owned by AIM-listed Avingtrans, Metalcraft makes ultra-strong, three metre cubed steel boxes, to house waste from the Sellafield silos. The firm has already been awarded a contract of up to £70million to supply about 1,000 units over the next six years. But more contracts are likely, as Sellafield will need some 70,000 containers over the next three decades and few firms have the technical ability to make them.

Boxing clever: Avingtrans has a contract to contain waste for the Sellafield nuclear reprocessing plant in Cumbria


Avingtrans finds troubled engineering firms, buys them at a cut-price rate, turns them round and sells them at a profit.

The shares are £4 each and should increase in value as Avingtrans management is highly experienced and has delivered more than a decade of robust returns and dividend growth.

Some businesses are kept for years. Some are sold relatively quickly. Many are bundled together to create a whole that is more than the sum of its parts.

Metalcraft, for instance, originally focused on the medical and scientific markets but merged with another firm in 2013 and has since become one of the leading providers of nuclear waste containers.

Avingtrans has many other businesses in its stable. Booth Industries makes exceptionally durable doors for use in high-pressure environments, including HS2 tunnels, where doors will need to stay firm as trains rattle past at 225mph.

Bolton-based Booth was on the brink of collapse when Avingtrans acquired the firm for £1.8million in 2019. Today, Booth is profitable and will probably be sold for a significant sum in the next year or so.

Avingtrans also rescued Hayward Tyler, an AIM business that fell into difficulties. Acquired in 2017, the firm is now in rude health, supplying pumps and motors for use in tough environments, such as offshore oil rigs, solar power plants and chemical processing sites.

Avingtrans chief executive Steve McQuillan, an engineer by background, has been at the helm since 2008. Finance director Stephen King, another qualified engineer, has worked at the firm for even longer, joining in 2002.

Over the years, the two have bought and sold dozens of businesses, always centred on complex engineering products that are hard to replicate and are in demand year in, year out.


Many of these firms work in the energy and power sectors but there is a medical devices arm too.

Magnetica, acquired last year, is developing mini-magnetic resonance imaging (MRI) machines that are cheaper and faster than traditional large-scale kit.

The mini-versions are due to be launched next year but Avingtrans is already seeing demand from orthopaedic surgeons and even from vets, who would use the kit to scan ailing pets.

Interim results, out this week, are expected to show that Avingtrans is making good progress.

That should feed through into robust annual figures with brokers predicting turnover of £101million for the year to May 31, 2022, alongside profits of £7.8million and a 4.2p dividend.

Next year's numbers are likely to be materially stronger, with turnover of £110million, profits of £9million and a 4.4p dividend. There is always the possibility of special dividends too, when certain businesses are sold.

Many companies are worried about rising inflation, but McQuillan and King are quietly confident. The group operates in countries around the world, it can pass on many of the price rises that it incurs and contracts are often inflation-linked.

A tougher environment is also likely to throw up opportunities to purchase businesses in distress, though the group is highly selective, seeing about 100 companies a year but only buying one or two.

Avingtrans is lean at the centre, with no fancy headquarters or management minions, but it takes responsibilities to staff seriously, with an apprentice academy and training school for young British engineers. This helps create more skilled UK workers but also makes Avingtrans less vulnerable to staff shortages and employee turnover.

Midas verdict: Avingtrans is a well-run business with a track record of success. At £4, the shares are a buy.

Traded on: AIM Ticker: AVG Contact: avingtrans.plc.uk or 01354 692 391

[km18] 14/2/2022 12:38

...from a while ago...

Avingtrans is involved in manufacturing and selling engineered systems and services to the energy industry to support the rising global demand for safe, reliable, and sustainable energy production. Subsequently, the firm provides solutions for innovative medical measurement equipment across the globe. The large influx of initiatives is financially supported by a robust balance sheet, where total equity rallied from £69,908m to £98,963m in 2021. Furthermore, operating profit substantially surged from £604m to £6,085m in 2021, hence yielding optimal returns on investment for market participants. From a relative valuation perspective, Avingtrans is rapidly growing and thereby outperforming its peers from the machinery industry, illustrated by the firm’s EV/EBITDA ratio of 10.5x, which is higher than the machinery industry threshold of 8.5x. Furthermore, Avingtrans generated a net cashflow of £23.3m in 2021, substantially above the £7.4m derived in 2020, thus enabling the P/FCF ratio to reach the 34.2x and beating the industry benchmark of 28.9x. Therefore, the firm was able to finance its operating and investing activities effectively while enhancing profits....from WealthOralceAM