Avingtrans (AVG)

Sector:

Engineering

Index:

FTSE AIM All-Share

455.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 468.77
  • 52 Week Low: 310.00
  • Currency: UK Pounds
  • Shares Issued: 33.09m
  • Volume: 94,682
  • Market Cap: £150.56m
  • RiskGrade: 130

Avingtrans ends year in line with raised market expectations

By Josh White

Date: Thursday 08 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Energy, medical and industrial components and systems supplier Avingtrans said on Thursday that its results for the year ended 31 May were expected to be at least in line with market expectations, revised upwards following its interim results in February.
The AIM-traded company said its year-end net cash position was "strong", standing at more than £23m compared to net debt of £7.4m at the end of the 2020 financial year.

Cash balances benefited from the successful sale of Peter Brotherhood in March, which resulted in net proceeds of £30.6m.

The group's current orderbook and prospect pipeline remained "robust", the board said.

As it outlined in its interim results, the board confirmed the reinstatement of its progressive dividend policy on Thursday, following the dividend suspension in 2020 due to the Covid-19 pandemic.

It said a dividend would be recommended for the year ended 31 May, which would also include an amount to reflect the non-payment of an interim dividend.

The firm said it intended to reinstate more usual dividend payments in the current financial year, with an interim and full-year dividend split, subject to maintaining appropriate financial headroom and flexibility in light of any future acquisition opportunities.

"We are delighted with the strong performance of the group, which will report results for the year ended 31 May in line with the previously-upgraded market forecasts," said chief executive officer Steve McQuillan.

"Net cash in the business remains healthy which was strengthened following the successful sale of the Peter Brotherhood business in March."

McQuillan said the group was in a "very good position" to execute its 'pinpoint-invest-exit' strategy, with a "strong" pipeline of opportunities.

"The board remains confident on the outlook for the group, which is reflected in the reinstatement of the full-year dividend."

Avingtrans said it would publish its results for the 12 months ended 31 May on 29 September.

At 1558 BST, shares in Avingtrans were down 0.59% at 418.51p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Avingtrans Market Data

Currency UK Pounds
Share Price 455.00p
Change Today 5.00p
% Change 1.11 %
52 Week High 468.77
52 Week Low 310.00
Volume 94,682
Shares Issued 33.09m
Market Cap £150.56m
RiskGrade 130

Avingtrans Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.96% above the market average15.96% above the market average15.96% above the market average15.96% above the market average15.96% above the market average
3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average
Price Trend
58.36% above the market average58.36% above the market average58.36% above the market average58.36% above the market average58.36% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
64.25% below the market average64.25% below the market average64.25% below the market average64.25% below the market average64.25% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
46.43% below the market average46.43% below the market average46.43% below the market average46.43% below the market average46.43% below the market average
30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avingtrans Dividends

  Latest Previous
  Interim Final
Ex-Div 29-May-25 07-Nov-24
Paid 27-Jun-25 20-Dec-24
Amount 1.90p 2.90p

Trades for 29-Aug-2025

Time Volume / Share Price
16:37 15,000 @ 440.00p
17:07 2,000 @ 455.00p
16:24 875 @ 457.00p
16:08 2,500 @ 454.40p
15:07 7,500 @ 455.00p

Avingtrans Key Personnel

Finance Director Stephen King
Chair Roger Steven McDowell
CEO Stephen McQuillan

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