Simon Thompson 

Avingtrans posts another earnings beat

Simon Thompson

Simon Thompson

Avingtrans (AVG:245p), a designer, manufacturer and supplier of original equipment, systems and aftermarket services to the energy and medical sectors, announced a major earnings beat for the 2018-19 financial year ahead of the results when I raised my target price from 275p to 300p (‘Avingtrans posts major earnings beat’, 26 June 2019). Shareholders have been rewarded with a higher dividend (3.8p a share) for the eighth consecutive year.

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