Avingtrans Share Discussion Threads

[brummy_git] 13/11/2023 07:08

Further positive contract news from specialist engineer Avingtrans, who today signed a $10m 3-4 year deal with TerraPower for state of the art pumps.

All the details here.

[cockerhoop] 09/11/2023 12:45

I don't think there's any need for a placing unless they acquire another business. They may even sell something over the next 12-18 months.

[cockerhoop] 09/11/2023 11:29

Earwacks,

I presume you meant HS2 cancellation? Whilst it's correct to say all Booths current HS2 orderbook is for the 1st phase of the contract the extension of the line would have in all likelyhood provided further orders to Booths. This would have provided better visibility into the future and enhanced the value of the business on sale (which I thought was perhaps the most likely next business to be sold).

[cockerhoop] 09/11/2023 11:24

The problem AVG may encounter regards valuation is that on the surface the financial forecasts have gone backwards because of the increased investment required in Magnetica and Adaptix. So to anyone valuing the business on a PE basis (incorrect way in my view) it looks much more expensive than previously. (adj eps reduced from 21.9p to 2.8p).

I'd suggest it's more sensible to value on a sum of parts valuation of the subsidiaries.

[steve3sandal] 09/11/2023 07:14

Thanks for your support and comments here chaps. Not bought back yet. We all seem fairly happy that operationally the company is going up so it’s odd the share price is travelling down. Perhaps AVG is just a victim of the general market selling and drift in UK small caps as MMs try to find buyers lower down. As ever will SPs turn without notice and I guess the AVG share price is just news driven. Still here but not yet if you know what I mean. GLA.

[moneymarty] 08/11/2023 23:07

steve3sandal - Your hope for sub £4 acquisition has been realised for some time now - the latest buy price is £3.60. Might be best to wait a while though as this could fall lower if the current trend continues.

[dgwinterbottom] 20/10/2023 08:52

S3S - further to your enquiry about the boxes for nuclear waste storage, they are as has been said 3m cubed boxes. They are manufactured of double skinned stainless steel with concrete in between they also I believe have a unique way of being sealed. When the Sellafield contract first started a couple of years ago the boxes were priced at approx £35k each and would be stacked to a maximum of 4 high.

[cockerhoop] 11/10/2023 15:07

They've appeared to takeover Adaptix on very advantageous terms so also looking forward to the 3D x-ray system which is running ahead in the development cycle compared to the MRI scanner.

[steve3sandal] 11/10/2023 14:59

Thank you both. I was hoping they weren’t encasing the whole plant. I’m largely hoping to buyback under £4 as I’m cheap, just have to be patient and keep my fingers crossed. The portable MRI scanner opportunity they have built looks very interesting and very AVG.

[cockerhoop] 11/10/2023 14:45

The other contract for £3m appears to be with Magnox to supply the internals for a Concrete Nuclear waste box.

[strollingmolby] 11/10/2023 14:26

s3s, welcome back! Today's contract news is an extension of the work that Metalcraft has undertaken for a few years now, making 3m cubed steel containers for nuclear waste. Interestingly, it states that one is a new contract and the other an extension to an existing contract, so Metalcraft is becoming a trusted supplier in the nuclear space for these boxes.

See more here: www.metalcraft.co.uk/what-we-do/nuclear

[steve3sandal] 11/10/2023 14:06

Previous holder but the recent results and the waxing lyrical of serial winner Christopher Mills (NAS, ORYX)has brought AVG back on my dashboard. Paul Hill also very keen I see.
Can anyone describe what these new concrete boxes for nuclear plants, announced today, look like? I’m struggling to comprehend what they might be getting into. Also, do we know what happened to the firm who previously did concrete boxes? Many thanks.

[earwacks] 11/10/2023 07:34

Not sure what the relevance is of uranium stock, but great news of massive six year contract for nuclear waste as flagged up in in presentations if only the market would listen and not react to irrelevant news they are not connected with

[brummy_git] 11/10/2023 07:32

Two terrific new nuclear decommissioning contracts worth £14.5m signed today by specialist engineer Avingtrans.

All the details here.

[bertiebingo] 04/10/2023 22:23

Uranium stocks correcting this week

[earwacks] 04/10/2023 15:16

Don’t tell me it’s dropped because of Hs2 cancelation. The bit we are not even involved in. Tozzers

[earwacks] 28/9/2023 18:13

Downing LLP in for 3.3%. Surprised that didnt push the price up a bit more

[earwacks] 27/9/2023 09:10

Great interview Paul. What a great company. They are what makes Britain great. Typical expected bonkers reaction from the markets. Just the one company, Adaptix could be worth more than the whole of avg in two years. Got to love them, head down, foot flat on the accelerator.

[brummy_git] 27/9/2023 08:21

In this fascinating interview, CEO Steve McQuillan & CFO Stephen King of Avingtrans take me through today’s 'in line' FY’23 results and exciting outlook.

[blackhorse23] 27/9/2023 08:13

Out from here & going to buy GATC today

[brummy_git] 27/9/2023 07:57

In this fascinating interview, CEO Steve McQuillan & CFO Stephen King of Avingtrans take me through today’s 'in line' FY’23 results and exciting outlook.

[brummy_git] 27/9/2023 07:10

'In line' prelims released today from niche engineering firm Avingtrans.

All the details here.

[earwacks] 21/9/2023 15:01

Managed another top up today. I do like dual purpose machines. i have another medical diagnostic company Cog, that may find they have a market outside medicine. Busy old week next week, about 4 of my companies reporting