Recent Insider Transactions Derivative • Jul 30
CEO, MD & Executive Director exercised options and sold UK£1.1m worth of stock On the 28th of July, Stephen McQuillan exercised options to acquire 158k shares at no cost and sold these for an average price of UK£7.10 per share. This trade did not impact their existing holding. For the year to May 2020, Stephen's total compensation was 67% salary and 33% non-salary. Stephen currently holds 828.68k shares (0.022698596386237186 of the company). Company insiders have collectively bought UK£254k more than they sold, via options and on-market transactions, in the last 12 months. Annonce • Jul 11
Avingtrans plc has completed a Follow-on Equity Offering in the amount of £20.8467 million. Avingtrans plc has completed a Follow-on Equity Offering in the amount of £20.8467 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,309,000
Price\Range: £6.3
Transaction Features: Subsequent Direct Listing Annonce • Jul 10
Avingtrans plc has filed a Follow-on Equity Offering in the amount of £20.8467 million. Avingtrans plc has filed a Follow-on Equity Offering in the amount of £20.8467 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,746,032
Price\Range: £6.3
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,562,968
Price\Range: £6.3
Transaction Features: Subsequent Direct Listing Buy Or Sell Opportunity • Jul 10
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to UK£6.70. The fair value is estimated to be UK£5.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Annonce • Jun 24
Avingtrans plc to Report Fiscal Year 2026 Results on Sep 30, 2026 Avingtrans plc announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on Sep 30, 2026 Upcoming Dividend • May 21
Upcoming dividend of UK£0.02 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.2%). Declared Dividend • Mar 01
First half dividend increased to UK£0.02 Dividend of UK£0.02 is 5.3% higher than last year. Ex-date: 28th May 2026 Payment date: 26th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Reported Earnings • Feb 27
First half 2026 earnings released: EPS: UK£0.12 (vs UK£0.10 in 1H 2025) First half 2026 results: EPS: UK£0.12 (up from UK£0.10 in 1H 2025). Revenue: UK£78.1m (down 1.2% from 1H 2025). Net income: UK£3.80m (up 15% from 1H 2025). Profit margin: 4.9% (up from 4.2% in 1H 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annonce • Feb 25
Avingtrans plc Announces Interim Dividend for the First Half Ended November 30, 2025, Payable on June 26, 2026 Avingtrans plc announced an interim dividend of 2.0 pence per share (2025 H1: 1.9 pence) for the first half ended November 30, 2025. The dividend will be paid on 26 June 2026, to shareholders on the register as at 29 May 2026. Annonce • Jan 21
Avingtrans plc to Report First Half, 2026 Results on Feb 25, 2026 Avingtrans plc announced that they will report first half, 2026 results on Feb 25, 2026 Annonce • Jan 12
Avingtrans plc Announces Appointment of Stuart Gall Officially as Chief Executive Officer of the Avingtrans Medical and Industrial Imaging Division on 1 January 2026 Avingtrans plc announced that Stuart Gall officially started his role as Chief Executive Officer of the Avingtrans medical and industrial imaging division on 1 January 2026. Stuart brings a wealth of experience in scaling medical technology companies from innovation to market adoption. He was one of the three founding directors of AIM listed university commercialisation company Fusion IP, that was acquired by IP Group plc for £103 million in 2014 and most recently, Chief Executive Officer of AIM listed Intelligent Ultrasound Group plc, the medical imaging AI software and simulation vendor, whose AI software operation was sold to GEHC for £40m in 2024 and the remaining simulation business was sold to Surgical Science Sweden AB in February 2025. Under his leadership, Intelligent Ultrasound transitioned from a university MedTech spin-out to a publicly listed company with global partnerships in both medical education and clinical AI. At Avingtrans, Stuart will oversee the strategic development and commercialisation of Adaptix and the Magnetica Group. Adaptix is a pioneering low-dose, point-of-care 3D X-ray imaging company, Magnetica is focused on the development of compact, helium-free MRI systems, and Scientific Magnets is a world leader in the design, manufacture and installation of bespoke cryogen-free superconducting magnets. Annonce • Nov 27
Avingtrans plc Appoints Austen Adams to the Board and Group Chief Operating Officer, Effective November 27, 2025 Avingtrans plc at the AGM held on November 27, 2025 confirmed the formal appointment of Austen Adams to the Board and to the position of Group Chief Operating Officer, effective November 27, 2025. Austen Mark Adams (aged 60), holds/has held the following directorships/partnerships in the last five years: Current Directorships /Partnerships: Booth Industries International Limited; Crown UK Limited; Henry's Group Holdings Limited; Slack & Parr Group Limited; S&P Hydraulics Inc.; S&P Inc.; Slack & Parr (International) Inc.; Slack & Parr Shanghai; S&P Special Products Corp.; Stainless Metalcraft (Chatteris) Limited; Transkem Plant Limited. Past directorships/partnerships: Scientific Magnetics Limited; Space Cryomagnetics Limited. Recent Insider Transactions Derivative • Nov 17
CEO, MD & Executive Director exercised options to buy UK£1.7m worth of stock. On the 13th of November, Stephen McQuillan exercised options to buy 336k shares at a strike price of around UK£5.20, costing a total of UK£1.7m. This transaction amounted to 71% of their direct individual holding at the time of the trade. Since December 2024, Stephen has owned 470.99k shares directly. Company insiders have collectively bought UK£3.1m more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Nov 02
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 06 November 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (2.1%). Reported Earnings • Oct 21
Full year 2025 earnings released: EPS: UK£0.20 (vs UK£0.11 in FY 2024) Full year 2025 results: EPS: UK£0.20 (up from UK£0.11 in FY 2024). Revenue: UK£156.4m (up 14% from FY 2024). Net income: UK£6.56m (up 79% from FY 2024). Profit margin: 4.2% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Sep 26
Final dividend increased to UK£0.03 Dividend of UK£0.03 is 3.4% higher than last year. Ex-date: 6th November 2025 Payment date: 19th December 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Reported Earnings • Sep 25
Full year 2025 earnings released: EPS: UK£0.19 (vs UK£0.11 in FY 2024) Full year 2025 results: EPS: UK£0.19 (up from UK£0.11 in FY 2024). Revenue: UK£156.4m (up 14% from FY 2024). Net income: UK£6.56m (up 79% from FY 2024). Profit margin: 4.2% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Sep 25
Avingtrans plc, Annual General Meeting, Nov 27, 2025 Avingtrans plc, Annual General Meeting, Nov 27, 2025. Location: shakespeare martineau llp, no1 colmore square, b4 6aa, birmingham United Kingdom Price Target Changed • Sep 24
Price target increased by 13% to UK£5.78 Up from UK£5.10, the current price target is an average from 2 analysts. New target price is 23% above last closing price of UK£4.70. Stock is up 11% over the past year. The company posted earnings per share of UK£0.11 last year. Annonce • Sep 24
Avingtrans plc Proposes Final Dividend for the Year 2025, Payable on 19 December 2025 Avingtrans plc Board proposed a final dividend of 3.0 pence per share, resulting in a total dividend of 4.9 pence for the year (2024: 4.7 pence). The dividend will be paid on 19 December 2025, to shareholders on the register at 7 November 2025. New Risk • Sep 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported November 2024 fiscal period end). Profit margins are more than 30% lower than last year (2.7% net profit margin). Annonce • Jun 25
Avingtrans plc to Report Fiscal Year 2025 Results on Sep 24, 2025 Avingtrans plc announced that they will report fiscal year 2025 results on Sep 24, 2025 Upcoming Dividend • May 22
Upcoming dividend of UK£0.019 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.4%). Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Jo Reedman was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • Feb 28
First half dividend increased to UK£0.019 Dividend of UK£0.019 is 5.6% higher than last year. Ex-date: 29th May 2025 Payment date: 27th June 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
First half 2025 earnings released: EPS: UK£0.10 (vs UK£0.088 in 1H 2024) First half 2025 results: EPS: UK£0.10 (up from UK£0.088 in 1H 2024). Revenue: UK£79.0m (up 21% from 1H 2024). Net income: UK£3.29m (up 16% from 1H 2024). Profit margin: 4.2% (down from 4.4% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Jan 16
Avingtrans plc to Report First Half, 2025 Results on Feb 26, 2025 Avingtrans plc announced that they will report first half, 2025 results on Feb 26, 2025 Upcoming Dividend • Nov 01
Upcoming dividend of UK£0.029 per share Eligible shareholders must have bought the stock before 07 November 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.5%). Declared Dividend • Sep 27
Final dividend increased to UK£0.029 Dividend of UK£0.029 is 3.6% higher than last year. Ex-date: 7th November 2024 Payment date: 20th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. New Risk • Sep 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 5.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: UK£0.11 (down from UK£0.20 in FY 2023). Revenue: UK£136.6m (up 17% from FY 2023). Net income: UK£3.66m (down 42% from FY 2023). Profit margin: 2.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 96% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported November 2023 fiscal period end). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Annonce • Jun 19
Avingtrans plc to Report Fiscal Year 2024 Results on Sep 25, 2024 Avingtrans plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Sep 25, 2024 Upcoming Dividend • May 16
Upcoming dividend of UK£0.018 per share Eligible shareholders must have bought the stock before 23 May 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.1%). Recent Insider Transactions • Mar 29
Insider recently sold UK£488k worth of stock On the 26th of March, Austen Adams sold around 125k shares on-market at roughly UK£3.90 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£509k more than they bought in the last 12 months. New Risk • Mar 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 108% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 108% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Annonce • Jan 19
Avingtrans plc to Report Q2, 2024 Results on Feb 28, 2024 Avingtrans plc announced that they will report Q2, 2024 results on Feb 28, 2024 Upcoming Dividend • Oct 19
Upcoming dividend of UK£0.028 per share at 1.2% yield Eligible shareholders must have bought the stock before 26 October 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (6.6%). Lower than average of industry peers (2.9%). Major Estimate Revision • Oct 04
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from UK£121.0m to UK£137.1m. EPS expected loss of UK£0.02 per share, down from profit of UK£0.18 per share previously. Machinery industry in the United Kingdom expected to see average net income growth of 5.4% next year. Consensus price target of UK£5.52 unchanged from last update. Share price was steady at UK£4.18 over the past week. Reported Earnings • Sep 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: UK£0.20 (down from UK£0.20 in FY 2022). Revenue: UK£116.4m (up 16% from FY 2022). Net income: UK£6.36m (down 1.8% from FY 2022). Profit margin: 5.5% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 77% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Annonce • Sep 27
Avingtrans plc announced that it has received $0.103645 million in funding On September 26, 2023, Avingtrans PLC closed the transaction. The transaction included participation from five investors. Annonce • Sep 19
Avingtrans plc (AIM:AVG) completed the acquisition of the remaining 82% stake in Adaptix Limited. Avingtrans plc (AIM:AVG) agreed to acquire remaining 82% stake in Adaptix Limited for £3 million on July 13, 2023. The consideration will be fulfilled by issue of Avingtrans shares at time of completion. Adaptix has total issued share capital of 3,708, 044 ordinary shares. Avingtrans currently owns 667, 333 ordinary shares in Adaptix and now will acquire remaining shares. The transaction is subject to Avingtrans board and UK National Security & Investment Act.
Avingtrans plc (AIM:AVG) completed the acquisition of the remaining 82% stake in Adaptix Limited on September 18, 2023. The total consideration of up to £2.7 million was to be satisfied by the issue of 642,355 ordinary shares at £4.26 per Ordinary Share. In addition to repaying a renegotiated sum to various debt and creditors of £2.2 million on behalf of Adaptix and, has agreed to adopt debt facilities of £2.1 million. The admission to trading on AIM for the 642,355 new Ordinary Shares is expected to be effective on 21 September 2023. The transaction has received approval under the UK National Security & Investment Act. Shaun Dobson, Alex Bond and Oliver Platts of Singer Capital Markets Securities Limited acted as financial advisor & broker to Avingtrans plc. Annonce • Sep 05
Avingtrans plc Provides Board Updates Avingtrans plc announced that Roger McDowell is extending his temporary break as Chairman. On 5 June 2023, the Company announced that Roger McDowell was taking a break to look after a family health matter and it is now expected that he will resume his duties as Chairman on 26th September 2023. Roger McDowell will remain a Director of the Company. Les Thomas will continue to act as Chairman in his absence. New Risk • Aug 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. Minor Risk Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Annonce • Jul 14
Avingtrans plc to Report Fiscal Year 2023 Results on Sep 27, 2023 Avingtrans plc announced that they will report fiscal year 2023 results on Sep 27, 2023 Annonce • Jul 13
Avingtrans plc Provides Earnings Guidance for the Year Ended 31 May 2023 Avingtrans plc provided earnings guidance for the year ended 31 May 2023. The board to report that the results for the year ended 31 May 2023 are expected to be in line with market expectations. Annonce • Jun 07
Avingtrans plc Announces Executive Changes Avingtrans plc announced that its chairman Roger McDowell is taking a temporary sabbatical from work for family health reasons with immediate effect. He will resume his duties in September of this year. During the period, McDowell will remain a Director of the company. In the interim, Les Thomas, a senior independent director, will take over as the chairman of the company, effective immediately. Upcoming Dividend • May 04
Upcoming dividend of UK£0.017 per share at 1.0% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.5%). Reported Earnings • Feb 22
First half 2023 earnings released: EPS: UK£0.088 (vs UK£0.097 in 1H 2022) First half 2023 results: EPS: UK£0.088 (down from UK£0.097 in 1H 2022). Revenue: UK£50.0m (up 11% from 1H 2022). Net income: UK£2.99m (down 4.0% from 1H 2022). Profit margin: 6.0% (down from 6.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Feb 01
CEO, MD & Director exercised options to buy UK£747k worth of stock. On the 26th of January, Stephen McQuillan exercised options to buy 180k shares at a strike price of around UK£4.10, costing a total of UK£738k. This transaction amounted to 38% of their direct individual holding at the time of the trade. Since June 2022, Stephen's direct individual holding has increased from 416.75k shares to 468.99k. Company insiders have collectively bought UK£1.7m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jan 29
Insider recently sold UK£142k worth of stock On the 23rd of January, Austen Adams sold around 34k shares on-market at roughly UK£4.20 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£112k more than they bought in the last 12 months. Annonce • Jan 16
Avingtrans plc to Report First Half, 2023 Results on Feb 22, 2023 Avingtrans plc announced that they will report first half, 2023 results on Feb 22, 2023 Price Target Changed • Nov 16
Price target increased to UK£5.03 Up from UK£4.16, the current price target is an average from 2 analysts. New target price is 23% above last closing price of UK£4.10. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of UK£0.19 for next year compared to UK£0.20 last year. Upcoming Dividend • Oct 20
Upcoming dividend of UK£0.026 per share Eligible shareholders must have bought the stock before 27 October 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to UK£3.52, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Machinery industry in the United Kingdom. Total returns to shareholders of 38% over the past three years. Reported Earnings • Sep 29
Full year 2022 earnings released: EPS: UK£0.19 (vs UK£0.16 in FY 2021) Full year 2022 results: EPS: UK£0.19 (up from UK£0.16 in FY 2021). Revenue: UK£100.4m (up 1.9% from FY 2021). Net income: UK£6.48m (up 24% from FY 2021). Profit margin: 6.5% (up from 5.3% in FY 2021). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 05
Upcoming dividend of UK£0.016 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 17 June 2022. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (2.0%). Price Target Changed • Apr 27
Price target increased to UK£5.03 Up from UK£4.16, the current price target is an average from 2 analysts. New target price is 5.8% above last closing price of UK£4.75. Stock is up 28% over the past year. The company is forecast to post earnings per share of UK£0.19 for next year compared to UK£0.16 last year. Reported Earnings • Feb 24
First half 2022 earnings: EPS misses analyst expectations First half 2022 results: EPS: UK£0.097 (up from UK£0.069 in 1H 2021). Revenue: UK£45.1m (down 7.3% from 1H 2021). Net income: UK£3.11m (up 41% from 1H 2021). Profit margin: 6.9% (up from 4.5% in 1H 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 11%, compared to a 9.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 23
Insider recently sold UK£142k worth of stock On the 22nd of November, Austen Adams sold around 32k shares on-market at roughly UK£4.40 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£175k more than they bought in the last 12 months. Upcoming Dividend • Oct 21
Upcoming dividend of UK£0.04 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 10 December 2021. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (1.5%). Reported Earnings • Sep 30
Full year 2021 earnings released: EPS UK£0.16 (vs UK£0.076 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£98.5m (down 14% from FY 2020). Net income: UK£5.23m (up 118% from FY 2020). Profit margin: 5.3% (up from 2.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jul 21
Insider exercised options and sold UK£44k worth of stock On the 12th of July, Austen Adams exercised 18k options at a strike price of around UK£1.74 and sold these shares for an average price of UK£4.17 per share. This trade did not impact their existing holding. Since March 2021, Austen's direct individual holding has increased from 37.33k shares to 137.33k. Company insiders have collectively sold UK£43k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jul 15
Insider recently sold UK£73k worth of stock On the 12th of July, Austen Adams sold around 17k shares on-market at roughly UK£4.19 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions Derivative • Jul 15
Insider exercised options and sold UK£44k worth of stock On the 12th of July, Austen Adams exercised 18k options at a strike price of around UK£1.74 and sold these shares for an average price of UK£4.17 per share. This trade did not impact their existing holding. Since March 2021, Austen has owned 37.33k shares directly. Company insiders have collectively sold UK£43k more than they bought, via options and on-market transactions in the last 12 months. Annonce • Mar 14
Howden Group Ltd. acquired Peter Brotherhood Limited from Avingtrans plc (AIM:AVG) for £30.6 million. Howden Group Ltd. entered into the sale and purchase agreement to acquire Peter Brotherhood Limited from Avingtrans plc (AIM:AVG) for £30.6 million on March 12, 2021. The Disposal is for an enterprise value of £35 million which, after adjustment for debt and working capital, will result in receiving net proceeds of approximately £30.6 million. Following the Disposal, Avingtrans will retain its three core divisions, Energy - Engineered Pumps and Motors, Energy - Process Solutions and Rotating Equipment and Medical and Industrial Imaging. Peter Brotherhood Limited reported revenue of £25.7 million and operating profit of £3.3 million for the year ended May 31, 2020. The board of Avingtrans will consider the application of the proceeds from the Disposal following Completion, but it is anticipated that they will be used as to retain a portion of the proceeds to invest in the current divisions, including to fund the recently announced £3.2 million investment in Magnetica - to focus on becoming a market leader in the production of compact, superconducting, helium-free MRI systems, targeted at specific applications - including orthopaedic imaging and veterinary imaging; to partially repay the Group's existing debt, whilst retaining appropriate banking facilities and relationships for the future effective operation of the Group; and to continue to review potential opportunities, which enhance the Board's Pinpoint-Invest-Exit (PIE) strategic model. Shaun Dobson, Alex Bond and Rachel Hayes of Nplus1 Singer Advisory LLP acted as financial advisors to Avingtrans plc.
Howden Group Ltd. completed the acquisition of Peter Brotherhood Limited from Avingtrans plc (AIM:AVG) on March 12, 2021. Major Estimate Revision • Mar 13
Analysts update estimates The 2021 consensus revenue estimate was lowered from UK£119.1m to UK£98.6m. Earning per share (EPS) estimate received an upgrade, with analysts raising their estimates from UK£0.11 to UK£0.96 for the same period. Net income is expected to grow by 458% next year compared to 2.7% growth forecast for the Machinery industry in the United Kingdom. The consensus price target increased from UK£3.45 to UK£4.16. Share price is up 12% to UK£3.25 over the past week. Price Target Changed • Mar 12
Price target raised to UK£4.16 Up from UK£3.30, the current price target is an average from 2 analysts. The new target price is 28% above the current share price of UK£3.25. As of last close, the stock is up 30% over the past year. Is New 90 Day High Low • Feb 22
New 90-day high: UK£3.18 The company is up 7.0% from its price of UK£2.97 on 24 November 2020. The British market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.58 per share. Reported Earnings • Feb 12
First half 2021 earnings released: EPS UK£0.04 (vs UK£0.012 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: UK£54.1m (flat on 1H 2020). Net income: UK£1.26m (up 234% from 1H 2020). Profit margin: 2.3% (up from 0.7% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 06
New 90-day high: UK£3.05 The company is up 17% from its price of UK£2.60 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. Annonce • Jan 31
Magnetica Ltd. completed the acquisition of Space Cryomagnetics Ltd from Avingtrans plc (AIM:AVG) and other shareholders. Magnetica Ltd. agreed to acquire Space Cryomagnetics Ltd from Avingtrans plc (AIM:AVG) and other shareholders on January 5, 2021. As part of the acquisition, Magnetica will merge with SciMag and its US subsidiary Tecmag. Avingtrans and the other shareholders in SciMag have sold their interests to Magnetica in exchange for Magnetica shares. Following completion, Avingtrans will invest up to £3.2m for new shares in Magnetica, at 15% per share, to fund new MRI product development and commercialisation activities. This could increase Avingtrans plc interest to 61.2% in Magnetica. The transaction is subject to shareholder approval of Magnetica Limited. The combined business will continue to be known as Magnetica. Following completion, Avingtrans plc will become will become the majority shareholder in the Magnetica. Nplus1 Singer Advisory LLP acted as financial advisor to Avingtrans plc. Newgate (Financial PR) acted as advisor to Avingtrans plc.
Magnetica Ltd. completed the acquisition of Space Cryomagnetics Ltd from Avingtrans plc (AIM:AVG) and other shareholders on January 29, 2021. The combined business will continue to be known as Magnetica (with SciMag and Tecmag to be rebranded) and will form the key part of Avingtrans' Medical and Industrial Imaging division moving forward. SciMag and Tecmag are now wholly owned subsidiaries of Magnetica Limited. The transaction has been approved by shareholders of Magnetica Limited. Space Cryomagnetics Ltd ) and Tecmag, Inc. will merge with Magnetica. Annonce • Jan 13
Avingtrans plc to Report First Half, 2021 Results on Feb 10, 2021 Avingtrans plc announced that they will report first half, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Nov 25
New 90-day high: UK£2.97 The company is up 22% from its price of UK£2.44 on 26 August 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. Reported Earnings • Oct 16
Full year earnings released - EPS UK£0.076 Over the last 12 months the company has reported total profits of UK£2.40m, up 26% from the prior year. Total revenue was UK£113.9m over the last 12 months, up 7.6% from the prior year. Profit margins were 2.1%, which is in line with last year. Analyst Estimate Surprise Post Earnings • Oct 16
Annual earnings released: Revenue misses expectations Annual revenue missed analyst estimates by 0.08% at UK£113.9m. Revenue is forecast to grow 4.5% over the next year, compared to a 2.0% decline forecast for the Machinery industry in the United Kingdom. Reported Earnings • Oct 01
Full year earnings released - EPS UK£0.076 Over the last 12 months the company has reported total profits of UK£2.40m, down 4.2% from the prior year. Total revenue was UK£113.9m over the last 12 months, up 7.9% from the prior year. Profit margins were 2.1%, which is in line with last year.