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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
  5.50 1.29% 433.00 4,677 15:17:23
Bid Price Offer Price High Price Low Price Open Price
426.00 440.00 433.00 427.50 427.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 98.52 5.45 85.40 5.1 139
Last Trade Time Trade Type Trade Size Trade Price Currency
15:59:38 O 8,292 421.8133 GBX

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Date Time Title Posts
11/4/202208:47The Crown and Glory is AVG2,860
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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DateSubject
26/6/2022
09:20
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 427.50p.
Avingtrans Plc has a 4 week average price of 420p and a 12 week average price of 420p.
The 1 year high share price is 483p while the 1 year low share price is currently 382.50p.
There are currently 32,141,445 shares in issue and the average daily traded volume is 7,444 shares. The market capitalisation of Avingtrans Plc is £139,172,456.85.
11/4/2022
08:47
brummy_git: Investor commentary here on today's nuclear contract wins for AVG www.linkedin.com/posts/paul-hill-a5994116_avg-nuclear-avg-activity-6919167096249544704-LS4M?utm_source=linkedin_share&utm_medium=member_desktop_web
29/3/2022
09:35
ayl30: Nice run up in price in past two weeks
18/3/2022
17:50
tole: https://masterinvestor.co.uk/equities/taking-a-bullish-small-cap-look-at-mpac-cau-nwor-and-idox/Avingtrans (LON:AVG) – nuclear potentialAlthough the announcement of a couple of contract wins for two of its subsidiary interests did not alter current year estimates, this group saw its shares up 4% yesterday, closing at 427.5p.Analyst David Buxton, at brokers finnCap, currently has a price objective of 495p on its shares.He noted that the shares have been solid performers in current weak markets, highlighting the group's defensive qualities, as well as its nuclear engineering interests.The current year, to end May, could see £101.3m of revenues and £7.9m adjusted pre-tax profits, worth 22.6p per share in earnings and a miniscule 4.2p dividend per share.For the coming year he estimates £110m of revenues, £9.6m profits, 25.3p earnings and a 4.4p dividend.Hold on for Buxton's price aim being scored.
23/2/2022
07:18
brummy_git: All systems go at specialist engineer Avingtrans. Find out all the news, commentary & latest valuation here. www.linkedin.com/posts/paul-hill-a5994116_avg-sellafield-avg-activity-6902149219105542144-Ispd
20/2/2022
08:47
sarkasm: MIDAS SHARE TIPS: Alert! Nuclear waste can make you richer thanks to Avingtrans, the well-run business with a track record of success By Joanne Hart, Financial Mail on Sunday Published: 21:50 GMT, 19 February 2022 | Updated: 21:50 GMT, 19 February 2022 Sellafield was once prized as the world's first commercial nuclear power station, providing the UK with electricity from the 1950s until 2003. Recently, however, it has largely been viewed as a problem. The size of a small town, this remote spot in Cumbria holds thousands of tons of nuclear waste, which needs to be packaged and securely stored as part of a decades-long decommissioning process. Metalcraft will play a key part in that project. Owned by AIM-listed Avingtrans, Metalcraft makes ultra-strong, three metre cubed steel boxes, to house waste from the Sellafield silos. The firm has already been awarded a contract of up to £70million to supply about 1,000 units over the next six years. But more contracts are likely, as Sellafield will need some 70,000 containers over the next three decades and few firms have the technical ability to make them. Boxing clever: Avingtrans has a contract to contain waste for the Sellafield nuclear reprocessing plant in Cumbria Avingtrans finds troubled engineering firms, buys them at a cut-price rate, turns them round and sells them at a profit. The shares are £4 each and should increase in value as Avingtrans management is highly experienced and has delivered more than a decade of robust returns and dividend growth. Some businesses are kept for years. Some are sold relatively quickly. Many are bundled together to create a whole that is more than the sum of its parts. Metalcraft, for instance, originally focused on the medical and scientific markets but merged with another firm in 2013 and has since become one of the leading providers of nuclear waste containers. Avingtrans has many other businesses in its stable. Booth Industries makes exceptionally durable doors for use in high-pressure environments, including HS2 tunnels, where doors will need to stay firm as trains rattle past at 225mph. Bolton-based Booth was on the brink of collapse when Avingtrans acquired the firm for £1.8million in 2019. Today, Booth is profitable and will probably be sold for a significant sum in the next year or so. Avingtrans also rescued Hayward Tyler, an AIM business that fell into difficulties. Acquired in 2017, the firm is now in rude health, supplying pumps and motors for use in tough environments, such as offshore oil rigs, solar power plants and chemical processing sites. Avingtrans chief executive Steve McQuillan, an engineer by background, has been at the helm since 2008. Finance director Stephen King, another qualified engineer, has worked at the firm for even longer, joining in 2002. Over the years, the two have bought and sold dozens of businesses, always centred on complex engineering products that are hard to replicate and are in demand year in, year out. Many of these firms work in the energy and power sectors but there is a medical devices arm too. Magnetica, acquired last year, is developing mini-magnetic resonance imaging (MRI) machines that are cheaper and faster than traditional large-scale kit. The mini-versions are due to be launched next year but Avingtrans is already seeing demand from orthopaedic surgeons and even from vets, who would use the kit to scan ailing pets. Interim results, out this week, are expected to show that Avingtrans is making good progress. That should feed through into robust annual figures with brokers predicting turnover of £101million for the year to May 31, 2022, alongside profits of £7.8million and a 4.2p dividend. Next year's numbers are likely to be materially stronger, with turnover of £110million, profits of £9million and a 4.4p dividend. There is always the possibility of special dividends too, when certain businesses are sold. Many companies are worried about rising inflation, but McQuillan and King are quietly confident. The group operates in countries around the world, it can pass on many of the price rises that it incurs and contracts are often inflation-linked. A tougher environment is also likely to throw up opportunities to purchase businesses in distress, though the group is highly selective, seeing about 100 companies a year but only buying one or two. Avingtrans is lean at the centre, with no fancy headquarters or management minions, but it takes responsibilities to staff seriously, with an apprentice academy and training school for young British engineers. This helps create more skilled UK workers but also makes Avingtrans less vulnerable to staff shortages and employee turnover. Midas verdict: Avingtrans is a well-run business with a track record of success. At £4, the shares are a buy. Traded on: AIM Ticker: AVG Contact: avingtrans.plc.uk or 01354 692 391
14/2/2022
12:38
km18: ...from a while ago... Avingtrans is involved in manufacturing and selling engineered systems and services to the energy industry to support the rising global demand for safe, reliable, and sustainable energy production. Subsequently, the firm provides solutions for innovative medical measurement equipment across the globe. The large influx of initiatives is financially supported by a robust balance sheet, where total equity rallied from £69,908m to £98,963m in 2021. Furthermore, operating profit substantially surged from £604m to £6,085m in 2021, hence yielding optimal returns on investment for market participants. From a relative valuation perspective, Avingtrans is rapidly growing and thereby outperforming its peers from the machinery industry, illustrated by the firm’s EV/EBITDA ratio of 10.5x, which is higher than the machinery industry threshold of 8.5x. Furthermore, Avingtrans generated a net cashflow of £23.3m in 2021, substantially above the £7.4m derived in 2020, thus enabling the P/FCF ratio to reach the 34.2x and beating the industry benchmark of 28.9x. Therefore, the firm was able to finance its operating and investing activities effectively while enhancing profits....from WealthOralceAM https://wealthoracle.co.uk/detailed-result-full/AVG/271
23/1/2022
15:42
cerrito: Just read Singer's new note on AVG where they have a buy and a 510tp. They see this year's BBT going up £100k to £7.8 and the free cash flow yield this current year going from 3.1% to minus 0.4%
20/1/2022
07:23
brummy_git: Encouraging trading update from specialist engineer Avingtrans today. All the news & commentary here www.linkedin.com/posts/paul-hill-a5994116_avg-avg-sellafield-activity-6889828619879763968-YdGo
18/11/2021
18:21
dgwinterbottom: Having been an investor in AVG for over 10 years it had been some four years since I last attended an AGM and so in the light of recent events decided to return to Brum and renew my acquaintance with the Board. It was a good thing I did……230;.as I was the only shareholder present so had the full attention of the Board all to myself, their hospitality and response to my questions made it a most interesting and worthwhile visit. My first question was in response to what I picked up from one of the podcasts with reference to Magnetica and the comment made that at some point in the future progression may well be made with another party, I asked for some detail on this. Steve replied that as yet Magnetica has no market value other than that invested in it by AVG now and going forward, some 12 months from now the decision will be made as to whether they continue with another party or go it alone. The reason for going with others would be once the trials and final developments are completed the company would then have a much more recognised value and they may then progress to being a minority shareholder – say 30% - in association perhaps with one of the big names in MRI ie GE/Siemens etc. Thereafter the exit may be via a complete sale of the holding or by way of a flotation to the market. The tie up with Adaptix has also proved of great value to date in terms of gaining knowledge through the collaboration. In hindsight it might have been preferable to have made a complete buy out of Adaptix however given their now increasing value this would no longer be possible though perhaps an increased stake my be taken in a further funding round. One thing that transpired was that it has raised the possibility of making paper scans such that instead of selling a unit to a customer it could be marketed as “pay per view” that would make it more attractive to smaller outlets in the medical/veterinary field. Another problem that has been solved would have been having scanned and gained an image of patients and sending to the cloud for perhaps another medical opinion gives rise to the issue of confidentiality with regards to patient records etc, again thanks to the Adaptix collaboration a solution has been realised. The future of moving in the slipstream of Adaptix looks to be very beneficial. Composites Composites has been ticking over with ongoing work for Rapiscan manufacturing units for not only baggage scanning in places such as airports but also parcel scanning for use by the Courier industry, indeed it has been the latter that has kept the business moving during the down time of the airlines and all but closure of the airports. Currently it is viewed that unless something significant turns up in the future the unit may well be sold. Luton Site The progress towards the building of apartments on the hitherto HT Luton site is still somewhat protracted especially given multiple parties are involved. That said, Luton Council is keen and enthusiastic in the project as similar projects by others are underway with Luton being seen as a convenient commuter point for Central London. Nuclear AVG is currently in collaboration with Rolls Royce in their recently announced government funding for the nuclear modular units. It is regarded that Rolls are the leaders in the field with their size of 470Mw units being an ideal size given the infrastructure required and the perceived cost of the energy produced vis the build cost, if one goes for anything smaller the cost of electricity produced rises accordingly. The construction of such sites is envisaged to be under a large covered area thereby eliminating the problems due to weather and considerable reducing overall build time. There are other parties involved in such projects with whom they are already working such as TerraPower in the US therefore involvement with multiple parties is quite possible. Thus far the progress of 3M3 boxes for Sellafield has enabled them to have gained a position whereby they are the only manufacture to have achieved volume production status. The company so far has manufactured around 100 boxes for a current order of 1000 with the next phase order scheduled or expected in calendar year 22 but more likely 23. This will be a requirement for 15000 – at somewhere around £35k each -boxes that AVG is hopeful of a large slice of the order given their previously mentioned status, a side benefit is that they may be able to gain by selling technology transfer, to other companies who also receive orders, to get them up to volume production status as well! Oil Gas Solar etc Given the Govt commitment to reducing the use of fossil fuels the days of mass exploration in places like the North Sea back in the 1970s and 80’s are never going to return not even given the monopoly of supply currently held by the likes of the USSR. However for a long time in the future legacy assets will require upgrades, replacement of time expired parts and other essential infrastructure in this highly regulated environment. Whilst there is no market to speak of in renewables – certainly not windfarms – the emergence of large solar generation sites are not seen as being anything other than providing items such as pumps and valves for the molten salt that is involved in the process. These projects are limited to places in the world that enjoy perpetual sunshine in order to gain the best results from such projects but equipment required is useful in other fields. However one new area of interest is carbon capture, where in order to create such a facility considerable amounts of pumps, pipes and valves will be required of which of course AVG are leaders in the field. Booth The site extension is now complete allowing a more efficient production site and as has already been sees bodes well for the future. An approach was made previously in terms of its previous owner Redhall to acquire the company but a number of issues, given a legacy pension scheme and the fact the price was well outside the perceived value ruled out acquisition at the time, however the subsequent insolvency of Redhall removed just about all the problem issues making the unit far more viable. That said at time of acquisition the company had no cash, no sales team and no IT system, the introduction of these items has contributed in no small part to a very impressive turnaround. Enquiries are now being received with regard to blast proof doors for places involving the use of hydrogen for future energy projects. Conclusion It is very gratifying to see the progress that AVG has made over the years since I first invested, they have moved forward in a progressive and calculated manner becoming embedded in the fabric of nuclear decommissioning and ongoing support and may soon do the same in the MRI field. In my view the Board are to be commended for their management and guidance over the years past, and with experience gained, confidence in the future. I look forward to the future with great interest!!
27/11/2020
11:51
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!!
Avingtrans share price data is direct from the London Stock Exchange
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