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Yes thanks, I decided to top up. In my experience it has meant a good rise is coming around the corner.
I almost bought in today when the SP was 8% down but was searching for the news of why before taking the plunge. Oh well, my loss for the time being, AVG remains firmly on my watch list....
I wouldn't worry about it; AVG is a brilliant company. I'm noticing that this happens a hell of a lot on AIm, big rises and falls for no reason. I wouldn't mind betting it all be all square or up by the end of the day.
Anybody know why the sudden drop? Is there news coming?
Don't quote me but I believe that there's a trading update due soon so people may be profit taking just in case there are any nasty surprises.
Anyone aware of any news?
And still going!!!
Just keeps going!
Not sure what is going on with this one today. Loads of buys at 156-7 earlier this morning and yet the price seems to have dropped on deals later in the morning.
2 September 2013 Avingtrans Plc ("Avingtrans" or the "Company" or the "Group") Contract Win Avingtrans (AIM:AVG), a manufacturer of critical components and associated services to the global aerospace, energy and medical sectors is pleased to announce that the recently acquired Maloney Metalcraft Ltd (formerly Exterran UK) has been awarded its second contract from Porvair for the manufacture and supply of Pulse Jet Filter Pipe Clusters. The contract is expected to generate over GBP2 million of revenue and runs to the end of September 2014. Steve McQuillan, Chief Executive of Avingtrans, commented: "We are very pleased to see a second significant order for Maloney Metalcraft since joining the Avingtrans Group in July. It further illustrates the pedigree of the business and its strength in the marketplace. The Board are confident that Maloney Metalcraft will continue to positively contribute to the Group and provide increased scale and expertise to Avingtrans' operations in the attractive Energy marketplace." Enquiries: Avingtrans plc 0115 949 9020 Steve McQuillan, CEO Stephen King, CFO Numis David Poutney (Corporate Broking) 0207 260 1000 Richard Thomas (Corporate Finance and N
Been climbing steady for the last three years now!!!!
Ideas on climb anybody..
nearly....
The group will realise an exceptional profit in respect of the disposal of Jena Tec of approximately £8m and will incur exceptional costs of £0.35m linked to the acquisitions of PFW and Aerotech. The company's trading update stated that the sale of Jena Tec, and the subsequent acquisitions described above, had provided Avingtrans with a more focused business and a stronger balance sheet which would enable it to invest in each of the businesses and pursue opportunities which it would otherwise have been unable to target. Group cautiously optimistic about 2014 financial year The group is confident that it will see both revenue and margin improvement during the 2014 financial year, which will deliver results marginally above previous board expectations. Coupled with an improved and more robust balance sheet, the Board believes that the recent transformational transactions place the Group in a much stronger position for the future, both financially and strategically.
Profitability at Avingtrans will be impacted by the loss of margin resulting from the sale of subsidiary Jena Tec, the company announced in a trading update published on Tuesday morning. Avingtrans - which manufactures critical components for the global aerospace industry - said that, in the short-term, the margins realised from sales at PFW Farnborough and Aerotech Tubes would not compensate for the loss of margin in respect of Jena Tec. Sales revenues for this year were expected to be in line with original board expectations, with the loss of revenue replaced by revenue streams from PFW and Aerotech in the second half of the 2013 financial year. On November 5th the company announced the sale of Jena Tec, its industrial division, for a cash consideration of £13.45m and set out a strategy focused on the Group's two core divisions: Aerospace and Energy & Medical. In line with this strategy, the company subsequently announced the acquisitions of certain assets of PFW Farnborough for £1.85m and Aerotech Tubes for £2m.
Interim dividend and results Given the improved position of the Group, and to emphasise our confidence in the future, the Board expects to reinstate an interim dividend of 0.7p when the Company announces its results for the six months ended 30 November 2012. The Company expects to release its interim results for the six months ended 30 November 2012 in the week commencing 25 February 2013.
2014 Financial Year The Board is confident that the Group will see both revenue and margin improvement during the 2014 financial year, which will deliver results marginally above previous Board expectations. Coupled with an improved and more robust balance sheet, the Board believes that the recent transformational transactions place the Group in a much stronger position for the future, both financially and strategically.
utlook 2013 Financial Year Sales Revenues for the year are expected to be in line with original Board expectations, with the loss of revenue replaced by revenue streams from PFW and Aerotech in the second half of the 2013 financial year. However, in the short term, the margins realised from sales at PFW and Aerotech will not compensate for the loss of margin in respect of Jena Tec, which will impact profitability for the 2013 financial year. The Group will realise an exceptional profit in respect of the disposal of Jena Tec of approximately £8m and will incur exceptional costs of £0.35m in respect of the acquisitions of PFW and Aerotech. Net debt for the full year will be materially lower than previous Board expectations, with the cash proceeds received from the disposal of Jena Tec, partially offset by the cash consideration in respect of the PFW and Aerotech acquisitions, further capital investment, particularly in respect of China, and the immediate working capital requirements at PFW. However, we have chosen not to pay back all of the Group debt at this time - mortgages on properties and equipment leases being left mostly intact.
Avingtrans (AIM:AVG), a manufacturer of critical components and associated services to the global aerospace, energy and medical sectors is pleased to announce an update on trading in light of the recent transactions completed by the Group. Summary of recent transactions (the "Recent Transactions") On 5 November 2012, the Company announced the sale of Jena Tec, its Industrial division, for a cash consideration of £13.45m and we also set out a clearly defined strategy focussed on the Group's two core divisions: Aerospace and Energy & Medical. In line with this strategy, the Company subsequently announced the acquisitions of certain assets of PFW Farnborough ("PFW") for £1.85m (announced 16 November) and Aerotech Tubes ("Aerotech") for £2m (announced 26 November), which have propelled the business into a leading position in Europe in the Aerospace pipes market. The sale of Jena Tec, and the subsequent acquisitions described above, provides us with a more focused business, and a stronger balance sheet, which will enable us to invest in each of these businesses and pursue opportunities which we would otherwise have been unable to target. Consistent with this strategy, we will continue to seek further value enhancing acquisitions to build on the Group's position in our core Aerospace and Energy & Medical divisions.
looks like they have focused on a new more profitable sector and thus due a rerating! 'The strategy with the recent aquisitions is now obvious - AVG would have needed to build up capacity very quickly to satisfy this contract and they have done it by buying assets - a very shrewed move. Also shows that their relationship with RR is very close as this was all preplanned. The future looks very bright indeed , and I believe the rise inthe Sp has further to run because: 1. the downside risks are minimal 2. The company is now due a rerating as a genuine aerospace business.'
Avingtrans aerospace division soars with £80m Rolls-Royce contract Last updated: 28th Nov 2012 at 08:54am Keyword tags: Avingtrans, Rolls-Royce, Sigma Precision Components UK | Share on facebook Share on twitter Share on linkedin | Nottingham-based engineering group Avingtrans has secured an £80m contract with Rolls-Royce. Sigma Precision Components UK, part of Avingtrans aerospace division, has signed a long-term agreement (LTA) with the engineering giant to supply rigid pipe assemblies and precision components. The contract is valued at £80m over its ten-year duration. "This is a major milestone in our relationship with Rolls-Royce," said Mark Johnson, managing director of the aerospace division. "We will use Sigma's developing global capability to deliver the best possible value to Rolls-Royce and we look forward to further strengthening our relationship with them over the life of this LTA." Avingtrans chief executive Steve McQuillan added: "This agreement underpins the board's confidence in the aerospace division meeting management's expectations in the current financial year. "Following the disposal of Jena Tec for £13.5m, and the subsequent acquisitions of Aerotech Tubes and aerospace assets from PFW, the board continues to seek value-enhancing acquisitions to build on the group's position in the aerospace and energy and medical markets."
Mark Johnson, Managing Director of the Aerospace Division, commented: "This is a major milestone in our relationship with Rolls-Royce. We will use Sigma's developing global capability to deliver the best possible value to Rolls-Royce and we look forward to further strengthening our relationship with them over the life of this LTA." Steve McQuillan, Chief Executive of Avingtrans, said: "This agreement underpins the Board's confidence in the Aerospace Division meeting management's expectations in the current financial year. Following the disposal of Jena Tec for £13.45 million, and the subsequent acquisitions of Aerotech Tubes and aerospace assets from PFW, the Board continues to seek value enhancing acquisitions to build on the Group's position in the Aerospace and Energy & Medical markets." Good focus winning contracts and cash for acquisitions!
... over 10 years though..., think b36m made comment earlier... not sure for me from this level, I'll leave be. good luck to others here though, atb Au
hi there, dropped back, now 105.56 to buy. am thinking about it... Au