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

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.'