QuickView: Piping hot
Having navigated through a tricky period, Avingtrans should see a return to growth in FY16 as the aerospace volume build is fully reflected and a new nuclear opportunity comes on stream. Forecasts for double-digit growth in both EPS and DPS supported by a strong balance sheet do not appear to be adequately reflected in a single-digit current year multiple, with inorganic development also back on the agenda.Avingtrans is principally engaged in the provision of engineered components, systems and services to the energy, medical and traffic management industries. Co. is organized into two main segments: Energy and Medical. The Energy segment is engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil and gas. This segment is also engaged in the design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling. The Medical segment is engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels for the medical markets.
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