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Avingtrans

57.5p

Avingtrans makes components for machines in a wide range of industries, including the aerospace, medical and railway sectors.

In common with many engineering companies, Avingtrans has had a torrid time of it over the past few years. However, the latest results suggest the company's fortunes are beginning to reviv. The group is now pursuing a policy of supporting global partners through its operations in the UK, China, Europe and the US. The quality of its order book is improving, with major customers including Cummins, Meggitt, Eaton and Siemens. Avingtrans is aiming to establish itself as a product supply source to global original equipment manufacturers and here its international footprint should serve it well.

Certainly the latest figures, for the six months to November, offer grounds for optimism. The company made a pre-tax profit of 510,000, compared with a loss of 61,000 over the same period last year.

Manufacturing, generally, is beginning to recover and Avingtrans operates in areas which should see a fairly high level of capital spend, which can only be of benefit to the group.

l The value of your investment could fall and you may get back less than you invested. Take professional advice if you have any doubt about the suitability of this company for your portfolio.