As Tom Winnifrith described the 3:59pm Thursday “Offer for Avesco Group plc” (AVS) announcement; “FECK ME”…
Avesco (AVS) has announced that it had sold its broadcast hire subsidiary, Presteigne Limited to the unit's CEO, Mike Ransome and a private equity backer. This is good news.
Since previously updating on my share tips of the year last month – see HERE, both have had significant news…
A strangely timed “Trading Update” announcement is usually a cause for concern – but not a 12:46pm effort Thursday from media equipment and services group Avesco (AVS), though still why release at this time?
Avesco Group (AVS) has announced results for its half year ended 31st March 2016 and that “with net debt now at historically low levels and the Rio 2016 Olympic Games to come over the summer, the outlook for the group remains very positive”.
Having earlier updated on my first of two tips for 2016 HERE, I now update on the second – this being international media services group Avesco (AVS) at a 227p offer price...
Avesco (AVS) has announced results from a “record breaking year for the group with operating profit even higher than in 2012 when we had the benefit of the London Olympics in our home territory”, that it “has exchanged contracts for the sale of the freehold land and buildings at its television studios in Wembley” and that “we expect to be able to continue our drive to increase profitability, to generate cash and to grow dividends”.
Avesco certainly looks like a safe pair of hands on its daily chart, a point witnessed by the way it is possible to draw a wide rising trend channel in place from as long ago as August 2014. But there is more.
On 11th June 2015 it was announced that the Chairman of international media services group Avesco (AVS), Richard Murray, had sold 540,000 shares in the company at 175p each
As can be seen from the daily chart of Avesco Group, the past 12 months has been quite transformational in terms of the price action.
International media services group, Avesco (AVS) has announced results for the six months ended 31st March 2015 and that “the full year results are again likely to exceed the board's prior expectations”
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”.
Provider of rental equipment and services for broadcasting, Avesco Group (AVS) has announced results for its year ended 30th September 2014 which reflect both restructuring and even year events (Winter Olympics, FIFA World Cup, Commonwealth Games, Ryder Cup) benefits. The company though added that “the first quarter of the current financial year has continued the positive momentum from last year”.
Avesco Group (AVS) has updated that it anticipates profit for its year ended 30thSeptember 2014 “will be ahead of current expectations” following “stronger and quicker than anticipated” cost savings and an “extremely busy” final quarter.
Avesco Group (AVS), the international provider of services to the corporate presentation, entertainment and broadcast markets, has announced results for the six months ended 31st March 2014 and that “full year results are likely to exceed the board's prior expectations”.
Following a 110p per share return of capital to shareholders last month, shares in broadcasting and entertainment equipment and services group Avesco (AVS) have recovered from dropping 129p to 105.5p – to currently trade at 116p. With the company having reported that “the first quarter of the current financial year has started in line with the board's expectations” after a self-declared “poor underlying trading performance” in its year ended 30th September 2013, is there scope for further share price upside here?
International provider of audio visual equipment and services to the live events, broadcast and entertainment industries, Avesco Group (AVS) yesterday updated that “difficult trading conditions” see it now consider “that it is likely that the group's results for the full year to 30 September 2013 will be below previous market expectations”. Researcher Edison has now accordingly revised its forecasts…
