One to watch: Avingtrans
Avingtrans, an Aim-listed company with a market cap of about 15m, is a precision engineering company that specialises in highly-engineered components with three main divisions: aerospace, energy and medical and industrial products.
The interim results were good and were accompanied by the guidance that the full-year numbers would be ahead of expectations and there is no reason to doubt that this will be the case.
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Hide AdHowever, it is Sigma China, part of the aerospace division, which has the most exciting prospects given the significant growth anticipated in the Chinese aerospace industry over the next two decades.
So Avingtrans is not just offering cyclical recovery it is more a case of "recovery plus" and I would be a "buyer".
Avingtrans
58p unch
Scotsman says BUY
• The value of your investments may fall and you may get back less than you invested. This does not constitute investment advice and you should take professional advice regarding the suitability of this company for your portfolio.
BROKER SNAPS
Burberry
1,319p +29p
Broker says HOLD
AHEAD of next month's first-quarter trading update from Burberry, Charles Stanley has reiterated its "hold" recommendation on the fashion house. The broker added: "We like the shares for the long term, but the current valuation suggests good future prospects are largely discounted."
BAE Systems
330.2p -0.5p
Broker says BUY
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