Avingtrans (AVG)

Sector:

Engineering

Index:

FTSE AIM All-Share

 223.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 330.00
  • 52 Week Low: 185.00
  • Currency: UK Pounds
  • Shares Issued: 31.75m
  • Volume: 2,977
  • Market Cap: £70.81m
  • RiskGrade: 169

Avingtrans division secures $6m worth of new contracts

By Josh White

Date: Monday 01 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Energy and medical equipment and systems manufacturer Avingtrans announced on Monday that its business unit Hayward Tyler has secured two new contracts worth more than $6m from United States and South Korea customers.
The AIM-traded firm said the contracts were to provide critical pumps and spare parts to nuclear reactors in the US and South Korea, for essential service water pumps.

It said the US contract was with "one of the country's leading nuclear operators", and was a significant increase in size of contract for that particular customer, so represented an important breakthrough for the firm .

Hayward Tyler had been an original equipment supplier of nuclear pumps and spare parts to the global nuclear industry, including Korea Hydro & Nuclear Power, for more than 50 years.

The board said the latest orders, for spare parts and pumps to upgrade and refurbish existing nuclear power plants, took the total value of nuclear orders received in the current financial year to $14m.

Hayward Tyler, located in Vermont, continued to support global nuclear operations with parts, units, and technical support through its team of nuclear professionals and the underlying nuclear quality programme, the board added.

"Support to nuclear power station operators across the globe is a key part of the Hayward Tyler business," said Mike Turmelle, managing director of the company's engineered pumps and motor division.

"We are dedicated to supporting our international nuclear customers to drive down operating cost as well as increasing the reliability and safety of the systems that our pumps operate in."

Turmelle said the nuclear industry needed to continue to deliver affordable, safe, low carbon energy as part of a balanced global energy solution.

"The whole team at Hayward Tyler are proud to be part of the nuclear supply chain and this order is testament to their dedication, professionalism and long-term commitment to the industry."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Avingtrans Market Data

Currency UK Pounds
Share Price 223.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 330.00
52 Week Low 185.00
Volume 2,977
Shares Issued 31.75m
Market Cap £70.81m
RiskGrade 169

Avingtrans Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.21% below the market average59.21% below the market average59.21% below the market average59.21% below the market average59.21% below the market average
42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average
Price Trend
1.57% below the market average1.57% below the market average1.57% below the market average1.57% below the market average1.57% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income
78.7% below the market average78.7% below the market average78.7% below the market average78.7% below the market average78.7% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
92.10% above the market average92.10% above the market average92.10% above the market average92.10% above the market average92.10% above the market average
94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average

Avingtrans Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Oct-19 23-May-19
Paid 06-Dec-19 14-Jun-19
Amount 2.40p 1.40p

Trades for 03-Jul-2020

Time Volume / Share Price
14:36 2,355 @ 230.00p
12:45 300 @ 220.00p
09:06 301 @ 230.00p
09:02 21 @ 229.26p

Avingtrans Key Personnel

Finance Director Stephen King
CEO Stephen McQuillan

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