The group has now completed the disposal of its Aerospace operations, which unlocks significant hidden value and focuses the group on its Energy & Medical operations, with net cash per share level with its current share price. We expect proceeds will be partly used in a return of capital and partly on acquisitions; both have the scope to enhance EPS materially. We rebase forecasts for the disposal and pending buyback, while maintaining underlying forecasts for Energy & Medical. We see
06 Jun 2016
Cash proceeds offer huge opportunities
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cash proceeds offer huge opportunities
Avingtrans plc (AVG:LON) | 390 0 0.0% | Mkt Cap: 129.1m
- Published:
06 Jun 2016 -
Author:
David Buxton -
Pages:
16
The group has now completed the disposal of its Aerospace operations, which unlocks significant hidden value and focuses the group on its Energy & Medical operations, with net cash per share level with its current share price. We expect proceeds will be partly used in a return of capital and partly on acquisitions; both have the scope to enhance EPS materially. We rebase forecasts for the disposal and pending buyback, while maintaining underlying forecasts for Energy & Medical. We see