Avingtrans Share Discussion Threads

[rogerrail] 16/5/2016 16:04

rhomboid

Interesting you should mention PRES as the thought did cross my mind and they do appear to be a good fit. They have come down a long way since the heights of 2104 when their greenlanebiogas business was over-hyped. My one big reserve is that I doubt if AVG want any more exposure to oil& gas sector but could be wrong.

[rogerrail] 16/5/2016 15:53

thanks DG,
yes you are right I expect there will be others wanting to ask questions along the same lines

[rhomboid] 16/5/2016 12:52

I've bought in a few chunks this morning, there is stock around well within the spread if anyone is interested in adding at these levels, I did think they might be looking at PRES as that would fit well incidentally.

[dgwinterbottom] 16/5/2016 12:48

Roger - Indeed I very much echo your thoughts in terms of the issues you raise and will do my best, but suspect they will be very tight lipped on such sensitive issues. Notwithstanding that I will do my best and see what surfaces!! I suspect there will be few, if any other shareholders, that will make my approach "less obvious"

[rogerrail] 16/5/2016 11:06

DG


It would be good if you can glean further details as to both near term and long term plans and prospects for the remaining businesses, how well they are performing individually, are they operating profitably and to what degree, and are they considering any further disposals .
Also more information on plans for the disposal proceeds, approximately how much is penciled in to support the existing business, how much for distribution to shareholders and is there a serious acquisition target and if so at what stage of the process?
Clearly there is a limit to how much they can realistically divulge without issuing an RNS or undermining the business, but suspect that because they have not declared the figures there must be some uncertainty as to the investment opportunities being pursued coming to fruition.

cheers

[dgwinterbottom] 13/5/2016 12:44

Roger - I may well go, so any questions I will TRY and get responses too!!

[rogerrail] 13/5/2016 08:52

more comment from Steve McQuillan on the disposal:

[rogerrail] 13/5/2016 08:52

no, much though I would have liked to

[dgwinterbottom] 12/5/2016 08:14

Anyone planning to go to the General Meeting?

[che7win] 10/5/2016 15:26

My memory is - the management ripped off shareholders in L Gardner - really was disgusting behaviour at the time.

Arthur_Lame_Stocks 7 May'16 - 13:29 - 2246 of 2252 0 0

Maybe they don't want to float Gardner Aerospace because it went bust once a long time ago when it was listed, although I doubt many people's memories are long enough.

[rogerrail] 10/5/2016 10:13

rhomboid


agree , but would HILS be interested in such a minnow ? perhaps if they can leverage the ip and generate higher sales.

It is true that the E&M division which has been impacted by the oil price , has been a drag on the share price over the past two years, but the current outlook is optimistic and I can't imagine the BoD taking the decision to dispose of SIGMA otherwise.

[rogerrail] 10/5/2016 09:21

DG,

not totally sure, but I believe as an ordinary resolution it requires more than 50% of the voting rights for approval.

[dgwinterbottom] 10/5/2016 07:59

Reading the announcement it states that they have approval of about 40% of shareholders, that I would expect is the Chairman & his wife's holding and possibly Nigel Wray. Could they really forge ahead with the buyout given a minority approval?

[rhomboid] 09/5/2016 22:02

Re 2246
I remember LGD



I'm kicking tyres here , imho the poles business looks a perfect fit for HILS ( a holding of mine) I'm intrigued by the nuclear possibilities, I hold HAYT for similar reasons..in part..

can anyone link to the relevant AVG subsidiary accounts as the ones I've found look underwhelming ?

Thx

[rogerrail] 09/5/2016 12:44

The market for roadside poles seems to have recovered , this is the forth "significant for this business" order since September:



A very much forgotten business which I am pretty sure the BoD would like to dispose of, Crown could fetch a couple of million sold at the right time to the right buyer , perhaps another candidate for an MBO ?.

[rogerrail] 09/5/2016 12:36

market cap now equal to net cash after the disposal if you include the £1.5m being placed in escrow.

[arthur_lame_stocks] 07/5/2016 13:29

Maybe they don't want to float Gardner Aerospace because it went bust once a long time ago when it was listed, although I doubt many people's memories are long enough.

[rogerrail] 07/5/2016 10:03

DG, maybe but not the most likely outcome if you draw parallels with another private equity group Better Capital which is seeking a sale not a float of Gardner Aerospace, a very successful investment for them.

[dgwinterbottom] 06/5/2016 21:01

Roger - thanks for that! So could we expect it to reappear in a future flotation when things are a bit further down the road. ie: American unit to sell composte pipes to Pratt & Witney & GE + others.

[rogerrail] 06/5/2016 19:02

DG , its being badged as an MBO by Silverfleet Capital , essentially the management "funding" is provided by taking a majority equity stake.

[dgwinterbottom] 06/5/2016 15:00

Roger - Had not considered this; are you saying it is a management buyout of the aerospace div by Sigma management as opposed to a buyout by a different engineering entity altogether....if you follow!!

[rogerrail] 06/5/2016 14:18

Very much depends on how wisely they spend the money, but as I said I do not think they would have taken such a bold move if they don't have a significantly better investment lined up ( and this could potentially be a major order in one of their current businesses for which they need to make a big capital injection) .

I would add though that the energy engineering industry is much less predictable than the aerospace market. I personally would have been happy with a rights issue as I have previously stated, clearly the management of Sigma are very confident about prospects for the business to enact an MBO.

[dgwinterbottom] 06/5/2016 12:43

Whilst this weeks events came somewhat as a bolt from the blue, I think we will look back at the events and perceive that the Board have made a very shrewd move!

[dozey1] 05/5/2016 19:57

RR, yeah, true.