Avingtrans: the Finals next week could see its shares blast above analysts’ expectations

A sign that should always please investors is when a fund-raising is ‘oversubscribed’ by both existing and a large number of new institutional investors. Such was the case with Avingtrans (LON:AVG) when in the second week of July it sought to raise £21m of fresh cash to help fund various parts of its business. It provides Avingtrans with the resources to accelerate its US expansion plans for the expansion of a Michigan facility, a key strategic asset that will enhance its manufacturing capacity and support the growth of its North American operations. The £267m-capitalised group is involved in ...