Lion Rock
06 Jun 2017
Patience Indeed patience is a virtue given the negotiations between AVG & HAYT now into the second extension. Given the extension request can only be requested by HAYT one has to wonder what the real situation is as there are many possibilities, I am however confident the AVG Board will not overpay.
Lion Rock
19 Feb 2017
Interims Date When the Interims did not appear as expected I contacted Stephen King the FD who advised they will be published on 28th Feb 2017!!
swiftbird
13 Feb 2017
Re: Sold out today This was recommended by Simon Thompson in I/C last week. Wish I'd actioned his tip, but I picked the wrong ones of the others he highlighted in his article. Sigh.
Lensl
13 Feb 2017
Re: Sold out today You made a boob. There is a shortage of stock and there will be further growth in share price
Another Jacko
13 Feb 2017
Sold out today I sold my small holding today as I feel the stock is fully valued for the moment.Glad I didn't tender any now!
Lion Rock
01 Feb 2017
Interims soon! Noticeable activity over the last couple of days, probably in anticipation of the Interims that I understand are due on 17th Feb. No doubt the fact that approx. half the shares now in circulation than before may also have some effect, interesting times and the 3M3 boxes have not yet ramped up!!
Lion Rock
21 Nov 2016
Re: AGM Hi tejo: Nice to see you popping back, yes have to admit not the most exciting of AGMs but then again in the light of the Aerospace sale I did not expect it to be. It was though interesting to see the Board are very open minded in terms of where they go next the bedrock of the future being the 3M3 boxes. They are certainly on the look out for acquisitions but as they have emphasised they are in no hurry and neither will they overpay. It was also interesting to note their pre production boxes had been approved by Sellafield whilst the other supplier has not as yet had theirs approved. AVG it was noted also have capacity to multiply by at least twice their production rate perhaps if a tender for Magnox emerges........
seadoc
17 Nov 2016
Re: AGM report tejo,"Difficult to see what may develop with the company"If you can trace this back to Stainless Metalcraft (had you asked me in 2011 then I could have given you the annual reports back to late 80's) and you want to try to guess where it go you might be able to answer your own question. To try to answer you myself. 17 years ago I had to get some cash and it was a toss-up between this and a computer software engineering company. The later had been growing at 30%. BUT I did a back of envelope comparison of directors salaries and the number of higher degrees on the board. I saved a fortune, the software company no longer exists. Now clearly a completely different team at the top but I would like to think that that is the ethos of the board. I continue to watch, but with skin in the game, albeit skin that has cost me nothing.Regards,Seadoc
tejo
16 Nov 2016
Re: AGM report Well done on another excellent resume of the AGM, Lion Rock. As mentioned some time ago, I sold 100% of my holding but still look at the posts. Difficult to see what may develop with the company and very surprised that no indication of likely acquisition policy mentioned at the AGM. They will have to cover all the overheads from a tiny base until there is an additional revenue stream and I will continue to watch from afar pro tem. Good luck.
WOisME
15 Nov 2016
Re: AGM report Lion Rock - thank you for posting the information that came out of the AGM. It is nice to get that kind of sense of what might transpire in the future. It was also not with time and effort on your part and generous of you to share. Best regards.
faddy10
15 Nov 2016
Re: Time to go Hi Seadoc,I tendered the lot and like yourself, I'm still waiting for payment.I figured it was decent offer and locked in the profit, I can now let the dust settle before I decide whether to go with them again.Cheers,F.
seadoc
15 Nov 2016
Re: Time to go AJ,All tendered got taken up though do not yet have the cash in the bank. Just tried a dummy buy and can get 3000 for 196.89 so could have sold a few more and bought back at "profit" of £93.30 less dealing charge of £5.25 so £88.05. Another minnow that has got away!Did you sell?Thanks to LR for AGM report.Regards,Seadoc
Lion Rock
09 Nov 2016
AGM report Sincere apologies for the delayed report on yesterdays AGM due to lap top problems now resolved!There were just two shareholders – myself and Brian Gee – along with the Board to hear a somewhat muted report compared to previous years due to things now being in a state of “flux” following the sale of the Aerospace division and the progressive build up of the Energy &Medical unit.The Chairman as usual quickly despatched the official part of the event stating as he did so the results of the take up of the share buy back declaring that not all of the available amount had been tendered. The share holding of himself and Nigel Wray had been reduced to reflect the result pro rata. In respect of what use the monies available for the outstanding shares not taken up would be put was not mentioned.Steve McQuillan – CEO – then took over, to give a run down of the current state of play with regard to the Energy & Medical divisions and their current status.The progress of the 3M3 boxes for Sellafield is ongoing with the pre production examples now having been constructed and passed inspection by the Sellafield authority and they are now working towards the production examples that will take just about most of the next Calendar before manufacture in volume rapms up in the beginning of 2018. The manufacturing site has the capacity to expand to possibly two or three times current anticipated production should this be required principally because there are other such requirements in Europe that whilst not the same as the Sellafield design, the ability to manufacture the alternative structures is well within the Metalcraft capability. In regard to this European possibility the Board feel that given the Brexit situation they may well obtain a company in Europe in order to access this market but time will dictate the steps required.The Board themselves are currently looking to search out possible acquisitions that may be able to enhance the Company prospects for the future and stress there is nothing on the horizon as yet and they have no preconceived ideas at the size of any possible acquisition, indeed if the intended acquisition is big enough to warrant it in the future they would not be averse to a fund raising by the issue of shares – he stressed if this becomes the situation not wishing to be seen as strange talking of more shares to be issued whilst buying back at the current time! As previously stated they are not in any hurry and will not overpay. Metalcraft recently won a top industry award with the Nuclear Decommissioning Authority that pleased the Board immensely explaining that whilst there was no cash involved the raising of the Company profile within the industry pointed to the fact they were the Company to be contacted in certain areas of expertise. They are looking to tender for work that will arise once Hinckley C gets into its stride but that is probably more than 2-3 years away whilst the concrete is poured and set! They are also busy with items previously supplied from the Maloney inventory such as the Nuclear valves required by various EDF sites as well as other equipment.In respect of the MRI scanner manufacture there are now three companies in China for whom they are manufacturing equipment albeit on a small scale at the present time but see good opportunities following the Rapiscan order that is also involving the composite division, most major airports will be required to have the capability to rapidly scan hold baggage in order to maintain the efficiency of baggage handling in various forms. The Future Engineering Technology project is ongoing this is being undertaken by Crown and there is a possibility of further projects based on the equipment thus developed That may have alternative applications within the carbon capture environment.To conclude, very much a case of “wait and see”one has to say it was very much a reduced agenda given half of the Company – aerospace – is no longer included
Lion Rock
06 Nov 2016
AGM anyone? Anyone intending to be at the AGM on Tuesday?
seadoc
07 Oct 2016
Re: Time to go AJ,We have nearly 4 weeks to make up our minds and the market price nearer the date will make my choice clear. FWIW all I hold in my SIPP will be up for tender, unless come 1st Nov I can get more than 201p in the market. The majority of my shares I have held for a long time in an ordinary account and would have to pay capital gains on anything if I sell more than half, I can (and do) swing my CG by selling losers but running out of space and there is a limit to total sales before you can just tick the two boxes:1) Yes have CG but gain less than 10840(?) and:2) Total sales less than 32000Hope that helps, and I am very happy to pick up, and sell, your allocation of shares in the tender offer from and within my SIPP.Regards,Seadoc
