Avingtrans (AVG)

Sector:

Engineering

Index:

FTSE AIM All-Share

 256.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 275.00
  • 52 Week Low: 172.50
  • Currency: UK Pounds
  • Shares Issued: 31.38m
  • Volume: 1,900
  • Market Cap: £80.33m
  • RiskGrade: 134
  • Beta: 0.20

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 256.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 275.00
52 Week Low 172.50
Volume 1,900
Shares Issued 31.38m
Market Cap £80.33m
Beta 0.20
RiskGrade 134

Avingtrans Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.79% below the market average61.79% below the market average61.79% below the market average61.79% below the market average61.79% below the market average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average
Price Trend
79.27% above the market average79.27% above the market average79.27% above the market average79.27% above the market average79.27% above the market average
36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average
Income
74.55% below the market average74.55% below the market average74.55% below the market average74.55% below the market average74.55% below the market average
58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average
Growth
88.99% above the market average88.99% above the market average88.99% above the market average88.99% above the market average88.99% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% 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 18-Nov-2019

Time Volume / Share Price
09:01 1,900 @ 262.00p

Avingtrans Key Personnel

Finance Director Stephen King
CEO Stephen McQuillan

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