Avingtrans Share Discussion Threads

[dgwinterbottom] 25/9/2013 10:30

Anyone planning to attend the AGM?

[theophilus] 25/9/2013 08:53

It was on one of the early postings here. But I don't know where it really originated

Th.

[cestnous] 25/9/2013 08:46

Where's that from Theo? I'm abroad at the moment. Cheers.

[theophilus] 25/9/2013 08:45

SHARE TIP UPDATE:

Avingtrans' canny acquisitions in the aerospace sector mean the company now makes most of its money in this faster-growing and higher-margin industry, having successfully exited the cyclical, lower-margin industrial tools business. The shares are well up on our buy tip, but with further acquisitions on the cards, we think the shares have further to run given that the group is trading at a discount to peers on a forward PE ratio of 9.8 for 2014. At 103p, buy. (Approx. 14 at present price)

Theo

[cestnous] 25/9/2013 07:17

Yeehaa!

Revenue increased by over 40% to a record GBP45.3m (2012: GBP32.2m)
-- Order book remains at record levels, driven mainly by Aerospace
-- Gross profit margin increased to 26% (2012: 24%)
-- Adjusted(1) EBITDA increased by 50% to GBP3.6m (2012: GBP2.4m)
-- Adjusted(1) PBT was up nearly 90%, to GBP1.9m (2012: GBP1.0m)
-- The disposal of Jena Tec, for GBP12.4m, net of cash, debt and costs, produced an exceptional profit of GBP6.0m

-- Adjusted(1) diluted EPS (attributable to shareholders) of 29.8 pence per share (2012: 7.5 pence per share)

-- Cash generated from operations decreased to GBP0.4m (2012: GBP2.2m) after GBP1.3m outflow from acquisitions

-- Net debt of GBP2.9m (2012: GBP8.4m)
-- Final dividend increased by 50% to 1.5 pence per share (2012: 1.0p)

[dgwinterbottom] 17/9/2013 08:49

Nice to see the share price rising gently as we approach results announcement!

[deadly] 04/9/2013 22:15

...and lovely quiet board

[cestnous] 28/8/2013 16:32

Loverly chart :¬)

[rogerrail] 28/8/2013 16:21

Nigel Wray increased his holding to above 19% from 18.5%.

[protean] 22/8/2013 12:56

The large trades are institutional in size. Either they know something or are confident of future good news. Especially when they are prepared to buy at new highs.

[rogerrail] 22/8/2013 12:51

You would expect increased activity a few days before resutls, but they are not due until 25th Sept. This share has history of rising share price before a significant news announcement ( sale of Jentec and then RR LTC), followed by profit taking after the news release when you would expect it to rise.

[protean] 22/8/2013 10:38

Volume has been very strong for the past 3 days.

A couple of institutional purchases yesterday and the day before by the looks of things. Somebody obviously thinks the shares are going higher.

[cestnous] 20/8/2013 13:58

Breaking out at last?

[rogerrail] 11/7/2013 10:44

no doubt, as relitively small fund manager I guess they need to keep their holdings in proportion. Would explain the slight price weakness over the past few weaks

[dgwinterbottom] 10/7/2013 08:21

Roger - Thanks for the correction, not sure where my werror crept in there! How do you view the selling by Octopus, a lttle top slicing perhaps?

[rogerrail] 09/7/2013 13:04

DG
Octopus are shown as holding 3.5% in Feb, so sold 125k, c 0.5% since then.

[dgwinterbottom] 09/7/2013 11:30

Roger - I would hazard a guess this order has been in the offing for some time - more than likely before the changeover. Interesting to note that Octopus Invest have sold c.8% of their holding, now below the 3% level!!

[rogerrail] 09/7/2013 09:03

With ongoing relationships with quality customers such as Porvair, Exterran aquisition looks to good to be true, where's the catch?

[strollingmolby] 09/7/2013 08:52

Well that was quick - a nice £1m revenue contract win for Exterran. No indications of the op margins that might result, but must assume they are writing profitable business!

[dgwinterbottom] 07/7/2013 08:10

Roger - I totally agree and like you would not be surprised to see a turnaround quicker than stated. I get the impression that much the same is happening at PFW!!

[dgwinterbottom] 05/7/2013 10:26

Roger - Indeed very interesting point there! The Avingtrans BOD have shown thus far to be very shrewd in their moves and like you I believe in the future it will be seen to have been a good purchase. The benefits of course will not be seen until at least y/e 2015!!

[rogerrail] 05/7/2013 08:50

DG

I have every faith that it will be! As I said, sometimes all a situation needs to be turned around is for the key problems to be understood and addressed through correct allocaion of resources by the executives running the company, and this is difficult to effect when you are a small operation in a very large company 2000 miles from the HQ.