Share Name Share Symbol Market Type Share ISIN Share Description
Avingtrans Plc LSE:AVG London Ordinary Share GB0009188797 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.35% 282.00 1,958,018 14:00:09
Bid Price Offer Price High Price Low Price Open Price
274.00 290.00 283.00 282.00 283.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 113.91 3.04 4.40 64.1 90
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:58 O 481,000 270.00 GBX

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Date Time Title Posts
12/1/202107:25The Crown and Glory is AVG2,786
06/6/201611:06AVINGTRANS.......Buy 68.5p cash for 50p9
07/1/200521:31Avingtrans - an easy 25% ?149
16/12/200408:21Avingtrans Profiting From Speed Cameras13
30/6/200309:41Paving the way to pay dividends3

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Avingtrans (AVG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-25 16:28:59270.00481,0001,298,700.00O
2021-01-25 16:28:50270.00481,0001,298,700.00O
2021-01-25 16:28:44270.00987,5192,666,301.30O
2021-01-25 15:39:53280.008102,268.00O
2021-01-25 14:54:50280.001,2003,360.00O
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Avingtrans (AVG) Top Chat Posts

Avingtrans Daily Update: Avingtrans Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker AVG. The last closing price for Avingtrans was 283p.
Avingtrans Plc has a 4 week average price of 264p and a 12 week average price of 260p.
The 1 year high share price is 332.50p while the 1 year low share price is currently 185p.
There are currently 31,864,594 shares in issue and the average daily traded volume is 43,424 shares. The market capitalisation of Avingtrans Plc is £89,858,155.08.
cockerhoop: Regards Luton I'm not sure in the interview if CM was talking gross or net after financing a new green field site. £20m doesn't seem massive for a site capable of 1000 homes. Could have a £200m potential total project value. Regards the Medtech JV. Magnetica have developed an extremity MRI scanner (arms, legs, etc). Much smaller than a full body MRI. They had another JV partner who (surprisingly according to Magnetica) pulled out after the product had been developed but prior being marketed etc. AVG have stepped in with that funding and combined the 3 businesses. hTTps://
dgwinterbottom: I have seen figures quoted of between £15m & £30m that seems to confirm the figure quoted by Christopher Mills. Anyone have any thoughts as to what the JV might be about? it seems that Scientific Magnets & Tecmag being wound into the JV gives AVG 60% of the project but yet the Meditech name is the one going forward. That said the Board decisions in the past have always proved to be correct with hindsight therefore I await developments with interest!!
cockerhoop: Christopher Mills suggested in November that it was over £20m having bought a fair chunk of Nigel Wrays stake (hinting at CGT planning). There's also been no mention on here of the recent Magnetica JV which looks to complete the circle of the MRI business with a mobile MRI extremity scanner ready to market. The incremental investments AVG making suggest the JV valued around £50m with AVG stake around £30m.
dgwinterbottom: So a month on since Nigel Wray waved goodbye and it would appear has done no harm to the share price with a rise of just shy of 10% since then. Slowly but surely we are working our way back to an share price of 300p, not seen since the Covid fall. I wonder if this figure represents being overpriced or future potential built in, my problem being I have never found a formula for calculation of share price from Annual Reports etc. The highest the share price climbed to before the pandemic was 330p perhaps reflecting the niche - nuclear - that the Group operates in. Interesting times!!
dgwinterbottom: So, Nigel Wray has left Avingtrans after many years, with at one time if I remember correctly about 15% of the company, no doubt he has done well, at one time the shares were as low as 20p. Whilst he has placed his 3.24m shares in a placing there have also been two other large sells, one of 1.07m and the other of 1.73m both within two minutes of the Nigel Wray placing. Therefore a total of 6.04 shares have been placed in the market or approx 18% of issued share, I wonder what may be the reason for these significant sells?
westofengland: I have held shares in AVG since the Haywatd Tyler takeover. It is a well managed business and I added twice earlier thia year. The Booth acquisition is a winner. A great play on nuclear power servicing and a beneficiary of higher infrastructure spend in UK and US. Glad that there's the prospect of a dividend return next year together with potential deals during a difficult time for potential targets.
cockerhoop: Not quite sure why you're getting so het up Mr Macgregor, AVG have committed as part the planning conditions to create a brand new factory in Luton more suitable to their current needs so maintaining jobs. The new commercial part of the housing development is expected to create a further 370 jobs. The previous investment increased the factory by 40% but the remaining 60% was still old and was carried out by somewhat clueless prior management. I assume some of the investment in plant will be transferred to the new premises. AVG's job is to create value for their shareholders -they obviously feel a new more efficient unit with better transport links whilst making some potential windfall property gains takes the company forward. If you're truly worried about government money being spaffed you'd be better off looking at the £5.5bn spent on PPE supplied by companies involved in Pest Control and Financial services!
wilmdav: Whilst the IFRS 16 debt adjustment is not a major issue for AVG, it will crop up elsewhere, so I have had a closer look at it. Prior to IFRS 16, a finance lease was defined as one where ownership of the asset is, or can be, transferred to the lessee at the end of the term, sometimes after a ‘balloon’; payment. Likewise an operating lease was defined as one where ownership of the item remains with the lessor during and after the term. The two types of leases were accounted for differently. Finance leases were treated more or less in accordance with what IFRS 16 now prescribes for all leases. The current value of an asset was added to Property Plant & Equipment (P.P. & E.) in the balance sheet and a liability for outstanding repayments added to Liabilities. The asset was depreciated yearly and the liability also reduced as repayments were made. The interest portion of the yearly rental was included in Finance costs in the P & L account, which also recorded depreciation, presumably at a rate which covers repayments of the principal portion of the rental. For operating leases, the full rental was treated as an expense in the P & L but the financial commitment was entirely off balance sheet. For AVG the introduction of IFRS 16 has resulted in an increase of £8.0m to P.P.& E. and an additional lease liability of £9.7m. (They give a technical reason why these two amounts are not the same.) Now imagine AVG had borrowed £8m to buy the assets instead of leasing them. The amount would initially have gone into P.P. & E. as an asset on the balance sheet, and a roughly equivalent amount would have gone into Liabilities. The interest on the loan would be recorded in Finance costs in the P & L account, which would also record depreciation. This is the same treatment as is now required for all leases. Hence I think it is meaningful to say that AVG has £17m of debt rather than £8.3m. They are of course justified in quoting the £8.3m figure in order to provide a comparison with the prior end of year period of £2.0m. If the prior year had been restated (which it was not) the increase in net debt would still have been £6.3m or thereabouts. So a lease for an asset valued at £10m with 10 years outstanding would account for approximately ten times more debt than a lease for the same original value with only one year remaining. True, in many cases, such a lease would be renewed at the end of its term, incurring another £10m or so of debt in the following year. But if the asset had been originally purchased by means of a loan, the asset would need to be replaced or renovated at some point, which would have to be financed. Edited on 05/03/20.
cerrito: The share price of some suppliers to the oil and gas industry have had a good run up in the last week and AVG’s has gone nowhere…in the context that both the original HAYT and PB have subsea business. That said O&G revenues for overall HAYT in the year to 3/17 were just 15% of revenues so understandable that the AVG share price continues to slumber.
dgwinterbottom: Hmm..... given the AVG share price fall and the HAYT rise, I am tempted to think AVG will walk away?????
Avingtrans share price data is direct from the London Stock Exchange
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