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AVG Avingtrans Plc

412.50
0.00 (0.00%)
09 Oct 2024 - Closed
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% 412.50 3,006 08:00:00
Bid Price Offer Price High Price Low Price Open Price
405.00 420.00 412.50 412.50 412.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 116.95M 5.19M 0.1579 26.12 135.7M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:18:28 O 1,009 415.45 GBX

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Date Time Title Posts
09/10/202411:24The Crown and Glory is AVG2,990
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
30/6/200310:41Paving the way to pay dividends3

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Avingtrans (AVG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:18:30415.451,0094,191.89O
12:00:20408.801,1704,782.96O
09:42:20417.0047195.99O
08:17:35407.257803,176.55O

Avingtrans (AVG) Top Chat Posts

Top Posts
Posted at 09/10/2024 09:20 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 412.50p.
Avingtrans currently has 32,897,522 shares in issue. The market capitalisation of Avingtrans is £135,702,278.
Avingtrans has a price to earnings ratio (PE ratio) of 26.12.
This morning AVG shares opened at 412.50p
Posted at 22/8/2024 09:49 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 09:24 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 09:17 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 08:11 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 24/6/2024 10:09 by earwacks
Not sure where I got the idea Paul Hill was invested here. He comments here as Brummy, so he usually is invested in stock he comments on. Sellafield waste contract for 900 million up for bidders next year which they will certainly be part of. Metal Craft maybe sold 15-20 million (bomb blast doors) soon. Plenty of things churning along nicely. Harwood suggest sum of parts currently underwritten at £5 per share with no value on Adaptix or Magnetica, low ball park 50 million for the pair by Chris Mills. So potentially 50% on top.
Posted at 23/6/2024 10:54 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 22/6/2024 18:13 by arthur_lame_stocks
I just checked a long term chart and it looks like they've gone up from around 50p in 2010 to 400p in an almost straight line so I guess your point is very fair. I always thought they got Booths for a bargain price and Hayward Tyler was supposed to be a good business. By the way is the surplus land HTs old Luton site? It might need a lot of cleaning up if so.
Posted at 22/6/2024 17:54 by earwacks
Depends how you rate them. If they are a plod along engineering company they would be expensive,This money states the PE at todays price is 17.5. For a rapid growth company that wheels and deals and has moved into hi tech medical equipment it looks pretty cheap. A lot depends on the success of Adaptix and Magnetica, the sale of other companies and a piece of land they want to sell which apparently is complicated for some reason. The nuclear waste business looks to have plenty of legs still. No doubt more to come in results. Paul Hill and Chris Mills of Harwood are hoping to double up from here. Obviously they are invested. Their trick is to buy financially distressed companies, sort them out and sell them on. I expect you know that. Thats why I would expect a much higher rating
Posted at 22/6/2024 15:15 by earwacks
The general consensus is Avg is worth around £4.40 as it is, probably more with this ahead of expectations update and nothing priced in for Adaptix or Magnetica. There is investment required in the launch of these products. They suggested a couple of companies they bought to turn around are ready for sale and there is a very valuable plot of land they have been trying to dispose of. I suppose there is a question of how soon they can release some cash to invest in the medical products. Generally though this is a company with a phenomenal track record of proven success
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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