Avingtrans pinpoints disposal gain

Engineer Avingtrans (LON: AVG) is showing the success of its strategy with the £35m sale of the Peter Brotherhood business that came with the acquisition of Hayward Tyler in September 2017.

This is part of the strategy of management. It pinpoints businesses that are attractively valued and/or provide a good fit with existing operations. In many cases these are loss-making businesses. Investment is injected into the acquired business in order to improve performance.

A recent example is spe...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.