
NEWSFLOW
Avingtrans (#AVG) – H1 “in line with market expectations”, notes further acquisitions
- 2023-01-16 07:41:19
Hello Share Dabblers. Let’s take a look at a firm that takes an interest in niche light engineering companies that may not be realising their true potential. Avingtrans (AVG) buys up such outfits and includes them in its subsidiaries. Then it turns them around, perhaps to sell on. It’s been doing that for ten years and has seen success along the way, rewarding its investors with some jolly dividends too.
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.