Avingtrans (Aim: AVG) is a Cambridgeshire-based group that aims to buy, grow and sell engineering firms in aerospace, energy and medical markets. Its latest disposal was its Sigma Components aerospace division, which it sold for £65m in May this year.
The firm has been hurt by the oil price, but still made a pre-tax profit of £1.2m in the first half of 2016, compared with £0.8m for the same period the previous year. The shares are up by over 80% in the last year.
Be glad you didn’t buy…
DX Group (Aim: DX) is a delivery company operating in the UK and Ireland. It was set up in 1975 to provide rapid deliveries for legal firms during the 1970s postal strikes, but it now provides mail and parcel delivery for both residential and business users, specialising in next-day delivery of high-value items. It listed on Aim in November 2014. A profit warning in November last year saw the shares slide by over 60% in one day, and they haven’t recovered since.