Hidden value | Questionable cash flow
Updates from AIM covered here include the realisation of some hidden value in an engineering group, where a small investment could pay off handsomely. Elsewhere, we are puzzled with the cash flow of two other companies covered here.
Avingtrans highlights its hidden value
Avingtrans (AIM: AVG), which manufactures critical components, to the energy, medical and industrial sectors, has made an announcement which serves to highlight some hidden value in its operations.
A company in which it has a minority investment, called Adaptix, has received 510(k) clearance from the U.S. Food and Drug Administration for its first orthopaedic medical imaging product.
In 2021, Avingtrans invested £4m in Adaptix, for an 11.9% stake in…
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