UK 19:56 Sunday, 27 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Provider of rental equipment and services for broadcasting, Avesco Group (AVS) has updated that “trading in the first few months of the financial year has continued the positive trends seen during last year”, that “the outlook for the summer period also looks promising” and that “the directors anticipate that results for the year to 30 September 2015 will be comfortably ahead of their previous expectations”.
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Comments
Paul Scott
Hi Tom,
I agree – Avesco (AVS) looks a good value share, and the restructuring done recently seems to be paying off with better results.
Dividends – have been strongly rising in recent years, and the forecast yield for this year is 5.3%.
Freehold land – apparently the company is sitting on several acres of potentially very valuable land, which could be worth up to £18m, based on the value achieved on some land adjoining Avesco’s site, so I am told.
Director buying – has taken the Chairman up to 29.9%, obviously as high as he can go. Apparently the exit plan is likely to be a trade sale of the business at some point in the next couple of years, as he is nearing retirement age, so obviously he will want to extract maximum value for all shareholders. So all our interests nicely aligned.
The lack of liquidity & the wide bid/offer spread is a real nuisance, but there we go, that’s the way things are with small caps. Do you have an exit price in mind? I am thinking up to 200p is possible, with patience.
Regards, Paul.