Avingtrans Share Discussion Threads

[cerrito] 18/9/2023 18:32

Next week we get full year results to May 31.
I would have thought they would have been better to issue the results in the first week of October when there v few company announcements. Next week we will have alot of interim results to end June.
Possible that they want to keep their light under a bushel.

[earwacks] 18/9/2023 16:09

The acquisitions look good. I like the fact it only adds 650,000 shares to an already low number (circa 35million from memory). Assets per share over £2. Peg ratio is a little high at 2.65? Pretty modest target from Singer @ £5.10 . Interesting mix of off the radar traditional engineering stock and some new technology equipment. Good balance. Chairman back next week, hope his family member has made a good recovery. Look forward to interims next week with some enthusiasm. I did do a small top up this morning. First off the block. Some people say should never buy before 9. I think most golden rules are best broken

[brummy_git] 18/9/2023 07:12

Niche engineer #avingtrans completes acquisition of @adaptiximaging

All the details here

[cerrito] 23/8/2023 23:48

Been wondering if I should top up given this decrease in the share price
I think I will wait till I see what September 27th brings and am put off by the wide(albeit narrowing bid:offer spread) and a feeling that I have enough.
Given that we are being guided that adjusted Ebitda will be higher than last year's £12.7m perhaps eps will get over 20p from last year's 18.9p and who knows an increase in the 4p dividend, although I see we need to brace ourselves for a decrease in the healthy net cash balance .
Incidentally I note no change of ownership RNS in the last 11 months pointing to a stable shareholder base.
Be interesting to see if they reach out for the first time to retail investors like me, via the IMC or equivalent. I note that 12m of the 32m shares are held by the plus 3pc brigade which would lead me to think they have quite a few retail shareholders.

[cockerhoop] 21/8/2023 11:02

Interesting potential non-medical uses for the Adaptix 3D X-ray technology.

[brummy_git] 07/8/2023 07:16

Another smart piece of corporate dealing making by niche engineer Avingtrans today.

All the details here.

[cockerhoop] 13/7/2023 15:31

Opportunistic - if completed they'll get 80% of Adaptix for less than they paid for 11.9% initially.Clearly the rails have come off at Adaptix with regard to external funding and they've recently lost the Co-founder and CEO. Classic AVG distressed play.

[dgwinterbottom] 13/7/2023 13:54

A rather interesting development, because at the AGM I attended two years ago, AVG stated that having taken a small holding in Adaptix on reflection it would have been better to go for a total buyout but they were too far down the road that now. Secondly it was stated that Adaptix were, ultimately looking to list on NASDAQ, I wonder why the change????

[cerrito] 13/7/2023 08:50

I note revenue up from last year's £100.4m and adjusted Ebitda this year also from last year's £12.7m also up with net cash down.
I plan to remain with what I have but not expecting any real movement in the share price over the rest of 2023.
Good for them to specify their understanding of market expectations.

[brummy_git] 13/7/2023 07:29

Another confident & 'in line' trading update from specialist engineer Avingtrans today - alongside a possible nice piece of M&A too.

All the details here.

[earwacks] 13/7/2023 07:29

Solid set of results within difficult trading climate with record order book. Mopping up the rest of Adaptix which has serious potential to add value to the company. Well done, very happy with this. Surprised it is so quiet here. Another great stock under the radar and part of the Harwood folio.

[earwacks] 19/6/2023 11:29

Quietly drifting up for a change. Little leaky squeak somewhere? Should be a good bit of news hopefully

[earwacks] 16/6/2023 15:54

Bit more action today. Chris Mills of Harwood Capital have discussed prospects on AVG a couple of times. Break up value £5 but medical diagnostics potential £8 plus. Gl

[rogerrail] 28/3/2023 08:12

...in France

[rogerrail] 27/3/2023 13:05

EQT could be a great fit for AVG at its current lowly valuation of less than £19m . They are making good traction

[dgwinterbottom] 23/2/2023 18:43

Cerrito - why not email Stephen King and ask the question he is very approachable having met him many times. [e-mail]

[cerrito] 22/2/2023 15:00

Paul Scott in his report was right to flag receivables figure which equates to more than 6 months revenue. Not clear to me why they classified receivables in excess of a year as current. If there had been an IMC session I hope I would have organized myself to ask about this.
Good to see cash flow from operations healthy and share based compensation expenses modest at £118k in the half.
I found their comments in the podcast that the Oil Windfall tax had encouraged investment as counter intuitive after the announcements from HBR and ENQ cancelling projects and I will be interested to see if other suppliers there have the experience of Avg.
Today's share price weakness may reflect that eps this half year was 7.8p compared to 9 and 9.8p on H1 and H2 last year.
I plan to go back to sleep on Avg.

[cerrito] 22/2/2023 09:07

Yes thanks for the link from me as well

[cockerhoop] 22/2/2023 08:59

Appreciated Paul, added some decent detail above today's statement.

[brummy_git] 22/2/2023 07:45

In this fascinating interview, CEO Steve McQuillan & CFO Stephen King, take me through Avingtrans' in line H1'23 results & positive FY'23 outlook.

[cerrito] 22/2/2023 07:35

Yes good solid results.
I see Finn do not change forecasts and have a 495 tp.
Note slow progress on Luton and let us hope house builders feel comfortable buying land again soon.
Interested to note their comment that after sales service the Achilles heel of engineering companies.
Too bad they have no IMC type event but I thought the report gave a very clear insight into what is going on.
Note that the Chairman did all the writing and the CEO did not get a look on