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AVG Avingtrans Plc

400.00
0.00 (0.00%)
Last Updated: 08:00:22
Delayed by 15 minutes
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
  0.00 0.00% 400.00 5,044 08:00:22
Bid Price Offer Price High Price Low Price Open Price
390.00 410.00 400.00 400.00 400.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 136.62M 3.65M 0.1108 36.10 131.59M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:21:46 O 3,794 395.71 GBX

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Date Time Title Posts
15/11/202411:21The Crown and Glory is AVG3,013
22/12/202111:11AVINGTRANS.......Buy 68.5p cash for 50p11
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
10:47:33395.713,79415,013.24O
10:21:48395.711,2504,946.38O
2024-11-20 15:41:39407.005002,035.00O
2024-11-20 14:40:46407.004901,994.30O
2024-11-20 14:14:32395.711039.57O

Avingtrans (AVG) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Avingtrans Daily Update
Avingtrans Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker AVG. The last closing price for Avingtrans was 400p.
Avingtrans currently has 32,897,522 shares in issue. The market capitalisation of Avingtrans is £131,590,088.
Avingtrans has a price to earnings ratio (PE ratio) of 36.10.
This morning AVG shares opened at 400p
Posted at 15/11/2024 11:21 by earwacks
I remember Hills and Mills interview recently suggested. The two medical businesses would double the price of the company if successful, as they are currently valued at zero. My guess is they will wait to see how successful before making a decision to sell one or both. Then there is a large plot of land near Luton that they are still trying to sell, the nuclear waste contracts, the pumps business, the blast proof doors etc. how the market values all this for only 4 quid is beyond me. Singer are saying 190 million (conservative) for engineering business (£5.25 per share) £85-140 million for Adaptix and Magnetica for an IPO or trade sale at this stage based on comparable peer group valations!. I think at one stage there was talk of whether they needed a small raise to launch Magnetica and or Adaptix. I guess we are passed that stage now. Wish I had more to invest. My mistake about a couple of years. They think AGV is worth between £7.75 and £9.75 as is.
Posted at 14/11/2024 19:21 by cockerhoop
I was talking box run rate rather than financial but yes £70m was due to be delivered in 6 years so around £1m a month which at around 70-80k a box would be around 12-14 per month. I was interested in if they were hitting that rate.

Yet to see the Stainless Metalcraft FY24 accounts posted at CH to see if they've kicked on to the full run rate.

It'll be interesting to see who else picks up a share of the £800m contract as I understand it's not without technical difficulties. The previous co-contract winner dropped out.
Posted at 14/11/2024 17:15 by cockerhoop
Just had a look on the tender website. It appears there is a current open engagement for 3m3 boxes - perhaps to find a further supplier. Metalcraft unlikely to be awarded the full £800m.



AVG have picked up this contract.
Posted at 24/10/2024 08:46 by earwacks
Downing upped investment to over 5 percent. Not that you’d notice from the share price in this direst market in the world. At the turn of the century the FTSE stood just shy of 7000 while the Dow was hovering around 12000. The ftse has taken great strides to add another 1000 points over quarter of a century while the Dow has smashed another 30,000 points out of the park
Posted at 22/8/2024 08:49 by earwacks
As I understand it, they have some land ‘with potential permanently on sale,but with a few ‘difficulties.’ They have a couple of businesses ready to move on. So a lot of their income comes from trading assets, which could materialise at any time. I think Harwoods last summer of parts was conservatively £5 a share for the business and a speculative £5 a share for the medical side. Over a two year investment there is a clear potential to at least double up here, while the down side is limited
Posted at 22/8/2024 08:24 by zho
Excellent answer - thank you.

>>Saying that group EPS and therefore PE is a pretty rubbish way to value AVG as they always have companies in a turnaround status>>

Yes, understood - what I didn't realise on an initial look was that investment in medical imaging was going to be quite so significant.

Will continue digging.
Posted at 22/8/2024 08:17 by cockerhoop
zho,

The reduction in FY25 profitability relates to the heavy investment required in the medical imaging division as they prepare for volume production at both Adaptix and Magnetica.

So whilst the underlying engineering businesses continue to be profitable the MI business will be loss making in FY25 suppressing the EPS.

Saying that group EPS and therefore PE is a pretty rubbish way to value AVG as they always have companies in a turnaround status. I think it should be valued on a sum of parts basis.
Posted at 22/8/2024 07:11 by zho
Has anyone got access to earnings estimates?

AVG made 23.4p in FY23 and 11.7p in H1 24, so I was puzzled by Paul Hill's tweet after the 19/6/ TU – unless his 6p is a typo and he meant 26p?

“Cavendish have ... FY25 adjusted EBITDA and EPS of £14.0m & 6p respectively on revenues of £161m.”
Posted at 23/6/2024 09:54 by cockerhoop
As far as i'm aware Paul Hill isn't invested in AVG, just that they are a Vox Markets client so he interviews the two Steve's.

I think PE is not a great way to value AVG as it's not a steady state business. There are always loss making subsidiaries that are in turnaround or in the case of the medical imaging businesses pre-revenue or almost pre-revenue. Sum of parts is probably the way to go.

Historically the share price has moved up in steps on the sale of businesses. Booths may be the next business sold, now nicely profitable with a large orderbook in regulated markets. The large HS2 order is yet to enter production. Probably worth circa £25m which would be a great return for something bought from the administrators for peanuts.
Posted at 09/11/2023 07:14 by steve3sandal
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.
Avingtrans share price data is direct from the London Stock Exchange

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