AVINGTRANS - MID PRICE 97p
not a household name but looks ready to rise rapidly
the market has been buying steadily for last year
capped at only 14 million
aim stock
health sector
year end 31 may 05
ptp estimated at 1.71m up from 220k last time, rising to
2.55m 2006
forward per at 7.5 look increadably cheap for sector
good relative strength for 1m - 3m - 1 year at 24% - 52% - 103%
14 dec 04 - announcement from directors stated - delighted with
organic growth and performance of recent acquistions bodes well
for outcome of full year
house brokers currently revising forcasts
in light of statement would anticipate upgrade to forcasts
all indicators showing time to get on board


regards HUSTLER

Welcome to a small but growing band of followers Ethel.

Cannot foresee anything horrible happening as far as the company is concerned, the recent trading statement has underpinned my confidence there.

I was looking for eps come results of 15p but that was before the trading statement, being conservative I'll stick with it though. The sort of growth being experienced here should not attract a p/e of under 15 let alone under 10 so I can see a serious re-rating at some time in the future. Short term lets see if it goes and stays above 1.50, long term 2.00 upwards is entirely feasible.

What I like about AVG is they seem to operate in niche areas where they do not encounter much competition, a definite plus point when looking to invest in a company imo.

All the best to holders.

capa

Spot on Capa
Rerating well overdue 1.50 cheap 2.00 also cheap as chips.
However 2.00 will do nicely for starters.
All the best
HUSTLER

Too hot to sleep tonight, just fished out the Observer article in case anyone needs convincing !

"The Treasury takes in nearly 200m in fines thanks to speeding offences recorded by roadside cameras.

Speed cameras are just one of the reasons why sales and profits at AIM-tiddler
Avingtrans are accelerating. Last May the Nottingham engineering firm bought
Crown UK, based at Portishead Bristol for 1.56m. Around the time of the takeover, Crowns founder John Peet, died at the age of 75. He was so popular that staff bought a 9ft high wreath in the shape of a speed camera. It was a fitting tribute. Crown, which makes the posts and housing for speed cameras, has been a very profitable business.

Avingtrans' six month figures published last week show that Crown has a transformational effect. Turnover has lept 300% on the same time last year to 7.9m, with pre-tax profits up 347% to 559,000.

While the market for speeed cameras in the UK is diminishing, overseas markets are set to grow and Avingtrans appears well placed to take advantage of this. It has recently won an accreditation from Network Rail to develop trackside signalling posts.

As if this was not enough, Avingtrans has another significant business component. Last October it bought Stainless Metalcraft for 8.1m. SMC makes components for MRI scanners. The company believes that SMC technology will be increasingly sought after worldwide. It all adds up to Avingtrans being a company worth watching very closely."

I thank you and goodnight

capa

Good info Capa
When the sp does respond the rise
should be very quick, good to be on board
ready for when it happens.
regards
HUSTLER

It wants to go doesn't it, it cannot trade on this low rating forever.

capa

It's difficult for British Bulls.com to get the buy/sell recommendations right on this share.So far they have been wrong six times,this year!So,it is a bit if a rapid mover is AVG,with mms manipulating the sp quite aggressively.You've got to keep your eyes on the screen.
My broker had never heard of them and he's in Birmingham!
LOL....Ethel

No surprise there Ethel, a well kept secret AVG, but only a matter of time before they become known to a wider audience imo.

Happy to be holding awaiting the day.

regards

capa

Up 6p on no volume, strange !?

capa

Ahh that 22,000 buy at 9.30am must have been the cause.

capa

Creeping up again today, and why not, huge growth on miserly multiple.

capa

I am worrying that 140p is a resistance level that might not be easily breached.We are seeing 1998 prices here.The chart looks horribly jagged after years of steady decline followed by steady recovery since 2003.
The sp moves quite a lot on small buying.Should I sell now for no profit and buy lower....or could I hope to see 180p before results in Sept?

Hi ethel
You appear to be worried, agree a bit volitile
on small volumes but come Sept i feel it will
be a lot higher, when results come through. This
is a small one on Aim remember and the market
needs confidence. The results should confirm this
if you believe the consensus as i do.
Best of luck, better to be in than watching.
HUSTLER

Thanks for the support,Hustler.Am still in,but at a small loss.Engineering firms seem to get very little supprt from investors,which is sad as it's what the Brits excel at.
My favorites are Porvair,Corac and Virotec,which is raising money for expansion with a new issue this month.Definitely another one to watch.
Ethel

Hope you are still holding Ethel, good move up today

capa

I am,Capa!!!Here's one that I have managed to hang onto,but it is'nt doing my blood pressure any good.I would like to see the sp go to 155p this time.Do you think that's a sensible short term target?
Then I think the price will drop until results in Sept.I can't see the market roaring along thro the summer break,especially as we are beginning to see a lot of profit warnings and hints,across all sectors,that the next lot of results are going to be on or below expectations.
I have no idea what the market expectations for AVG are.Also,I am wary of promises that results will be above average....as has happened before,when the reults are out they fail to impress...So,I would like to sell up this week and return later!
LOL,Ethel

Cannot see why 1.55 should not be attained in the run up to results Ethel it equates to a p/e of only a little over 10 if eps is 15p. Personally I suspect eps should come in at more than 15p, the last trading statement indicates this.

Good luck

capa

Hi capa.
Agree with all your views at last post
I think this one is going a lot higher, just a bit
surprised it hasn't moved more already.
Notwithstanding it has risen over 45% since the
thread started in Jan.
But as you say multiples say it is still far to cheap.
All the best
HUSTLER

Hi all
Ticked up a bit today
not massive 2%, but i feel at some stage in the near
future this could rise up to 30% in a short burst.
Could be around time of results
very at ease holding this one at present.
best of luck
HUSTLER

All this progress with the sp seems to be the result of small investor activity.The chart does point to a possible breakout,Hustler.
Only problem for me continuing to hold rather than take profits is the fear that some terrorism activity could wipe out the recent resilience we have seen in the market.
Any idea of the date for results?
LOL..ETHEL