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

tipped in shares mag for 2007, good interims finals should be good, still on a pe of 9 despite the recent rise. not in but wish i was!!!!

From the "UPS" thread ................

"UPS" (Added by Master RSI on Wed 16 May 11:00 am)

AVG - Mid 141.5p
Reason - Moving higher lately after a large drop on lower expectations on some part of the group. Indicators now rising form oversold

140p not oversold, master rsi. 123p today and I think this will go to 100p.


Full-year profit warning from Avingtrans
MoneyAM
Avingtrans warned its results for the year to May 31st will fall short of expectations as some of its units have not achieved the sales it expected.

The engineering and technology group said its unit Stainless Metalcraft Ltd has experienced a reduction in order uptake from one of its key medical customers during the second half, which it expects to continue into the year to May 31st, 2008.

The company, however, expressed confidence of making progress in the year to May 31, 2008, saying its order book remains at record levels.

The group also said it has identified a number of new business opportunities and specifically, the strengthening of the aerospace division continues with its unit Sigma Precision Components Ltd opening its facility in April.

81p now...

Avingtrans PLC
18 December 2007

AVINGTRANS plc

Trading Update

Following the conclusion of the first half ended 30 November 2007 it is now
clear that the Board's earlier optimism for the full year to 31 May 2008 has
faltered. The state of the Group's orderbook earlier in the year underpinned the
Board's confidence that the Group's overall result for the year would be
sufficient to offset the disappointing performance within the aerospace division
which we have previously reported. The current state of the orderbook no longer
provides such underpinning. As a result the Directors expect that, whilst
profitable at the pre-tax level on a Group-wide basis, the Group's overall
performance for the full year to 31 May 2008 will fall significantly short of
our expectations.

With the help of an encouraging performance in the industrial division during
the first half of the financial year the Directors also expect to report a
pre-tax profit at the interim stage, albeit at a level which also falls short of
our previous expectation. On a more encouraging note, the Directors are
optimistic of an improved half on half performance during the remainder of the
current financial year on the back of a number of interesting opportunities
which are currently under consideration. The Directors expect to announce the
first half results in February 2008.

The problems within the aerospace division have already been highlighted to the
market. These relate to contractual terms on certain important supply contracts
at B&D yielding negative margins during the first half of the year on a material
part of the division's business. In recent weeks prices have been renegotiated
with the customer concerned. Whilst material improvements on future deliveries
have been achieved, no retrospective support has been agreed to. As a result the
aerospace division was loss making in the first half of the year. This contract
will end during the current financial year.

Board changes

After 5 years with the Group Steven Lawrence, Managing Director has decided to
leave the company by the end of May 2008. The Board is actively seeking a
replacement and has identified a potential candidate. Once negotiations are
completed a further announcement will be made.

Positive trading statement today put some life into these. They seem to have lagged some of their peers in terms of share price recovery on the back of improved trading conditions and could have more to go, but always dyor. I hold.

Avingtrans - Analyst interview, finncap

click here

Avingtrans wins £5m aerospace contract

Avingtrans (AIM:AVG), which designs, manufactures and supplies critical components, modules and associated services to the aerospace, energy and medical sectors, has announced that Sigma Components, part of its aerospace division, has signed a contract worth £5m of revenue over five years to supply fabricated assemblies to Sonaca for the Airbus, Bombardier and Embraer programmes.

The five-year contract with Sonaca in Belgium was signed during the Paris Air Show and will be managed from the company's Farnborough site. The contract will see Sigma becoming the sole supplier to Sonaca for critical assemblies in the anti-icing systems of several programmes.

Mark Johnson, managing director of Sigma Components, said: "This contract is great news for the Farnborough business that we acquired in 2012 and reflects well on the team that have earned the trust of Sonaca to award us this contract.

"Sigma has been very active at the Paris Air Show this week, opening up new opportunities and building on the Sigma brand and the new technologies we have been developing."

StockMarketWire.com
Avingtrans said Tuesday it had acquired Tecmag for a total of $0.24m net of debt boosting the companys ability to produce magnetic resonance imaging and nuclear magnetic resonance systems.

Tecmag, based in Houston, Texas, designed, manufactured, tested and installed instrumentation, including full consoles, system upgrades, and solid-state probes, mainly for magnetic resonance imaging and nuclear magnetic resonance systems, Avingtrans said.

The acquisition would integrate Tecmag's expertise in consoles and spectrometers with that of Scientific Magnetics, acquired by the Avingtans in February last year, in the area of superconducting magnets and cryogenics.

The combination of these two businesses would allow Avingtrans and its partners to produce complete magnetic resonance imaging and nuclear magnetic resonance systems.

StockMarketWire.com
Component supplier Avingtrans booked a deeper annual loss as rising revenue was more than offset by costs associated with its acquisition of electric motor and pump producer Hayward Tyler.

Pre-tax losses for the year through May amounted to £4.5m, compared to a loss of £285k on-year.

Revenue more than tripled £78.9m. On an organic basis, which stripped out the acquisition, revenue rose 11%.

Operating loss increased to £3.8m, mainly due to the significant Hayward Tyler exceptional costs for the acquisition, 'right-sizing and restructuring' and the 'amortisation of intangibles from business combinations'.

'With an eye on eventual exits, we have restructured the Group into two separate energy divisions and an incubator medical division,' chairman Roger McDowell said.

'A highlight of FY2018 was the speedy and successful integration of the substantial Hayward Tyler Group acquisition.'

'The new energy divisional structures and management teams have become effective quickly and their focus is clearly on growth, to build two formidable and valuable divisions.'

'The nascent medical division made slower progress, though we have galvanised our strategic path by partnering on service with MR Resources.'