The interim results were in line with expectations and the group appears on track to achieve FY expectations. The small bolt-on acquisition of Scientific Magnetics adds technology in the MRI/NMR space. We make no change to our trading forecasts. There is a strong order book and we look for a production ramp up on the Sellafield, Bruker and Wuhan contracts. The £27.8m net cash will be reinvested to propel EPS from the current low levels. We raise our target price from 215p to 240p. We re
28 Feb 2017
Satisfactory interim results: small bolt-on acquisition
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Satisfactory interim results: small bolt-on acquisition
Avingtrans plc (AVG:LON) | 390 0 0.0% | Mkt Cap: 129.1m
- Published:
28 Feb 2017 -
Author:
David Buxton -
Pages:
12
The interim results were in line with expectations and the group appears on track to achieve FY expectations. The small bolt-on acquisition of Scientific Magnetics adds technology in the MRI/NMR space. We make no change to our trading forecasts. There is a strong order book and we look for a production ramp up on the Sellafield, Bruker and Wuhan contracts. The £27.8m net cash will be reinvested to propel EPS from the current low levels. We raise our target price from 215p to 240p. We re