It has been a while, but it seems that the hoods from Equities First Holdings LLC are back once again: AIM-listed Avingtrans (AVG) announced on Tuesday that one of its NEDs, Mr Ewan Lloyd-Baker, is handing over 300,000 shares for a two year loan. The text of the RNS (just as with Igas, Cloudbuy, IQE, Quindell, Optimal Payments (as was) and Angle) again fails to point out that from Mr Lloyd-Baker’s point of view the deal is non-recourse so he can throw in the towel at any time if things go wrong.
Our June tip of the month Avingtrans (AVG) has announced a new £9 million order over 10 years from China. years the agreement will see Metalcraft, part of Avingtrans PLC's energy and medical division, produce high integrity cryostat components for Nuclear Magnetic Resonance systems (NMR). This is good news.
You probably have never heard of Avingtrans (AVG). Headquartered in a business park in a sleepy village near Huntingdon it is an investment jewel in what little remains of Britain’s once mighty engineering industry. It doesn’t waste time beating the drum in the City. It just gets on with designing, manufacturing and supplying critical components, paying dividends, and building its business before capitalising on its successes.
As you might expect from a stock like Avingtrans, which has already made substantial gains in recent months, the daily chart is full of positive points to back the bull argument, and make it appear that any idea profit-taking this stage would be premature.
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