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

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

Last years results were posted on 13 Sept Ethel.
assume this year will be around same time.
All the best
HUSTLER

Thanks v.much,Hustler.
Sp just peaked at 1.50 and promptly fell off.Now sells well outdoing buys...is it downhill till Sept I wonder?
LOL .Ethel

Well,missed selling at 1.50 because the neighbours popped in.Missed 7p by the time I sold.So,half a decent profit lost for a cup of tea.
Having been very staid for so long,AVG suddenly became frighteningly volatile.A sudden self-off by three small investors sent the sp down incredibly quickly.Knowing the chart,I should have been aware that in the context of the last two years,PRV's chart has become very erratic and zig-zaggy.The projections for this company show a massive increase in earnings so I suppose that we are seeing the birth of a completely different chart for AVG.
Can't wait to see what the results will be.
LOL to all those who braved the "tree shake",if that's what it was.Interesting to see how vulnerable the sp was to the terrible news.There was also profit taking for those who have been in from the beginning.(is it spelt with three or two n's?)
Ethel

Three n's Ethel, well done for banking a profit. May see you back sometime ?

I am in the fortunate position of buying in the 70p's and adding on the way up at an average price of about 1. In for the long haul as I think this is a company that will deliver a great return over time. To be honest I am tempted to buy some more at under 1.50.

Just you and me left Hustler

Best of luck Ethel

capa

I feel the same way Capa
owes me ave 1.07 a share
but i am fully invested right now.
Happy to hold however
best of luck
HUSTLER

Looks like its going to finish above 1.50 this time.

Looking very good on the run up to results

capa

Hi capa
ticking up nicely
good to see finish above 1.50 barrier 1.53 at close.
Could this be the start of the next surge forward,
results in around 6 weeks and we are going in the
right direction, maybe someone knows somthing we
don't and are already making thier move. Lets hope so
after all the sp is still very cheap, even more so if
results are better than forecast.
All the best
HUSTLER

If only Ethel had held on for a few more days, she would have got her target 1.55.

Looking good for at least 10% more in run up to results , and then all bets are off.

capa

Results 7th September, lets see how well they are doing.

capa