Author Topic: AVN -- Avanceon Limited  (Read 185349 times)

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Offline bhatti11

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Re: AVN -- Avanceon Limited
« Reply #939 on: November 07, 2019, 02:55:39 PM »
Lo lag gaya upper cap.. Kismat hi kharab hai.

Pakinvestorsguide

Re: AVN -- Avanceon Limited
« Reply #939 on: November 07, 2019, 02:55:39 PM »

Offline Muhammad Hamza Rizwan

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Re: AVN -- Avanceon Limited
« Reply #940 on: November 08, 2019, 10:46:19 AM »
Lao AVN rally cap o cap till 40  :fingerscrossed1:

Offline bhatti11

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Re: AVN -- Avanceon Limited
« Reply #941 on: November 08, 2019, 07:56:51 PM »
Is nay nahi chalna... Kyon k main jiss share main hath dalta Jon woh chalna band ho jata hai..

Offline psx Learner

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Re: AVN -- Avanceon Limited
« Reply #942 on: November 08, 2019, 09:35:09 PM »
fy19 eps would b below expectation last quarter will b worst  so avoid it for medium term
fy20 may b good some big project would b materialized in fy20

Offline Aahaf

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Re: AVN -- Avanceon Limited
« Reply #943 on: November 09, 2019, 02:14:21 PM »
Book profit around 36-36.9 untill unless index close above 34700
again at resistance level

Offline Muhammad Hamza Rizwan

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Re: AVN -- Avanceon Limited
« Reply #944 on: November 09, 2019, 07:49:23 PM »
fy19 eps would b below expectation last quarter will b worst  so avoid it for medium term
fy20 may b good some big project would b materialized in fy20
Last quarter EPS of FY will be fantastic and AVN will trade above 50 like Netsol. Lao hai  :fingerscrossed1:

Extacts from Directors Report of AVN:
As per above operating financial results of the company for the nine months ended September 30, 2019
remained on positive side and as per expectations in terms of revenues 47% increased on group level,
standalone revenues decreased due to timing of revenue recognition after implementation of IFRS 15, the
net profits of the company decreased in Q3 mainly due to exchange gain reversal of PKR 139m on translation
of inter-company balances due to recovery of PKR on USD, management is confident to achieve the
targeted corporate plan for revenues and net profit after tax for the financial year 2019, we observed low
gross margins on standalone financials due to huge devaluation of PKR which disturbed our margins on
few orders, we are trying to recover the PKR escalation from our customers as agreed under contract
clauses. We observed inflated increased figures in cost of goods sold and administration expense at
consolidation accounts level only due to increased dollar value from PKR 117.27 to PKR 148.69 (USD
average rate for the current and corresponding periods), which showed the inflated figures in Q3-2019
as compared to Q3-2018, we are expecting more recovery of earnings in remaining last quarter of financial
year 2019, historically, our revenues and profits remain on lower side in first quarter, get start momentum
in 2nd quarter and major portion of revenue of orders start getting recognized in 3rd and 4th quarter of
each financial year due to business cycle which is being observed from many financials years, currently,
we have strong portfolio of orders in hand and in the pipeline for Pakistan, UAE, Qatar, Saudi Arabia (KSA).

Offline psx Learner

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Re: AVN -- Avanceon Limited
« Reply #945 on: November 09, 2019, 08:48:18 PM »
fy19 eps would b below expectation last quarter will b worst  so avoid it for medium term
fy20 may b good some big project would b materialized in fy20
Last quarter EPS of FY will be fantastic and AVN will trade above 50 like Netsol. Lao hai  :fingerscrossed1:

Extacts from Directors Report of AVN:
As per above operating financial results of the company for the nine months ended September 30, 2019
remained on positive side and as per expectations in terms of revenues 47% increased on group level,
standalone revenues decreased due to timing of revenue recognition after implementation of IFRS 15, the
net profits of the company decreased in Q3 mainly due to exchange gain reversal of PKR 139m on translation
of inter-company balances due to recovery of PKR on USD, management is confident to achieve the
targeted corporate plan for revenues and net profit after tax for the financial year 2019, we observed low
gross margins on standalone financials due to huge devaluation of PKR which disturbed our margins on
few orders, we are trying to recover the PKR escalation from our customers as agreed under contract
clauses. We observed inflated increased figures in cost of goods sold and administration expense at
consolidation accounts level only due to increased dollar value from PKR 117.27 to PKR 148.69 (USD
average rate for the current and corresponding periods), which showed the inflated figures in Q3-2019
as compared to Q3-2018, we are expecting more recovery of earnings in remaining last quarter of financial
year 2019, historically, our revenues and profits remain on lower side in first quarter, get start momentum
in 2nd quarter and major portion of revenue of orders start getting recognized in 3rd and 4th quarter of
each financial year due to business cycle which is being observed from many financials years, currently,
we have strong portfolio of orders in hand and in the pipeline for Pakistan, UAE, Qatar, Saudi Arabia (KSA).
FY19 eps will b Rs  3.5-3.8 with total sale 3.75 billions
this is inside from AVN Sources

Offline Muhammad Hamza Rizwan

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Re: AVN -- Avanceon Limited
« Reply #946 on: November 09, 2019, 10:02:10 PM »
fy19 eps would b below expectation last quarter will b worst  so avoid it for medium term
fy20 may b good some big project would b materialized in fy20
Last quarter EPS of FY will be fantastic and AVN will trade above 50 like Netsol. Lao hai  :fingerscrossed1:

Extacts from Directors Report of AVN:
As per above operating financial results of the company for the nine months ended September 30, 2019
remained on positive side and as per expectations in terms of revenues 47% increased on group level,
standalone revenues decreased due to timing of revenue recognition after implementation of IFRS 15, the
net profits of the company decreased in Q3 mainly due to exchange gain reversal of PKR 139m on translation
of inter-company balances due to recovery of PKR on USD, management is confident to achieve the
targeted corporate plan for revenues and net profit after tax for the financial year 2019, we observed low
gross margins on standalone financials due to huge devaluation of PKR which disturbed our margins on
few orders, we are trying to recover the PKR escalation from our customers as agreed under contract
clauses. We observed inflated increased figures in cost of goods sold and administration expense at
consolidation accounts level only due to increased dollar value from PKR 117.27 to PKR 148.69 (USD
average rate for the current and corresponding periods), which showed the inflated figures in Q3-2019
as compared to Q3-2018, we are expecting more recovery of earnings in remaining last quarter of financial
year 2019, historically, our revenues and profits remain on lower side in first quarter, get start momentum
in 2nd quarter and major portion of revenue of orders start getting recognized in 3rd and 4th quarter of
each financial year due to business cycle which is being observed from many financials years, currently,
we have strong portfolio of orders in hand and in the pipeline for Pakistan, UAE, Qatar, Saudi Arabia (KSA).
FY19 eps will b Rs  3.5-3.8 with total sale 3.75 billions
this is inside from AVN Sources
I think full year consolidated eps will be above 4.
Look at Netsol, it declared loss per share of 2.1 in 1st quarter but still managed to trade around 60.

Offline bhatti11

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Re: AVN -- Avanceon Limited
« Reply #947 on: November 12, 2019, 12:47:51 PM »
yeh to charas pi kar so gaya hai hamaray sath..

Offline psx Learner

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Re: AVN -- Avanceon Limited
« Reply #948 on: November 13, 2019, 06:47:51 PM »
fy19 eps would b below expectation last quarter will b worst  so avoid it for medium term
fy20 may b good some big project would b materialized in fy20
As said fy19 not looking good

Offline ajeebkhan

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Re: AVN -- Avanceon Limited
« Reply #949 on: November 15, 2019, 04:55:54 PM »
yeh to charas pi kar so gaya hai hamaray sath..
Charas ke mobasib miqdar waqt pe na milnay Kay karan AVN bhi aaj jaag uthaa.. Bhattiiii Sahaaaaab kahan hain ??

Offline bhatti11

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Re: AVN -- Avanceon Limited
« Reply #950 on: November 15, 2019, 06:56:26 PM »
yeh to charas pi kar so gaya hai hamaray sath..
Charas ke mobasib miqdar waqt pe na milnay Kay karan AVN bhi aaj jaag uthaa.. Bhattiiii Sahaaaaab kahan hain ??
yaar main nay isay talaak day kar khyber tobacco main charas bharna shuru kar diya hai..

Offline ajeebkhan

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Re: AVN -- Avanceon Limited
« Reply #951 on: November 15, 2019, 07:01:20 PM »
yeh to charas pi kar so gaya hai hamaray sath..
Charas ke mobasib miqdar waqt pe na milnay Kay karan AVN bhi aaj jaag uthaa.. Bhattiiii Sahaaaaab kahan hain ??
yaar main nay isay talaak day kar khyber tobacco main charas bharna shuru kar diya hai..
Khyber ke charas KO chor kar PAEL maiii rang jama  laay  ;) 2 mahinay main double shah bana daiga pael tujhe ..

Offline bhatti11

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Re: AVN -- Avanceon Limited
« Reply #952 on: November 15, 2019, 10:52:17 PM »
yeh to charas pi kar so gaya hai hamaray sath..
Charas ke mobasib miqdar waqt pe na milnay Kay karan AVN bhi aaj jaag uthaa.. Bhattiiii Sahaaaaab kahan hain ??
yaar main nay isay talaak day kar khyber tobacco main charas bharna shuru kar diya hai..
Khyber ke charas KO chor kar PAEL maiii rang jama  laay  ;) 2 mahinay main double shah bana daiga pael tujhe ..
shezaday main nay 20 main jama kar rakha hai isay.

Offline kahaf

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Re: AVN -- Avanceon Limited
« Reply #953 on: December 13, 2019, 06:18:21 AM »
Any God news about avn

Offline UKSHERWANI

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Re: AVN -- Avanceon Limited
« Reply #954 on: December 14, 2019, 02:06:34 AM »
Got contract from Saudi Aramco no idea about how far it can go as the contract is of very nominal amount initially

Offline motasim

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Offline motasim

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Re: AVN -- Avanceon Limited
« Reply #956 on: December 18, 2019, 03:04:09 PM »
https://mettisglobal.news/avanceon-to-provide-plc-based-systems-for-two-leading-oilfield-firms-in-middle-east
December 18, 2019 (MLN): Avanceon Limited has been awarded a contract (approx. AED 0.6 million) to provide highly sophisticated PLC-based control and safety systems for the world’s leading Oilfield Services firms.

According to the notification issued by the company in this regard, these control systems will be used to provide operational control for Under Balanced Drilling (UBD) equipment and Managed Pressure Drilling (MPD) choke skid.

‘Avanceon’s solution adopts the most current proven technology standards allowing a robust, secure and cost-effective control system; meeting the system’s functional requirements. Avanceon will be collaborating with the leading Industrial Software Solutions providing firms to execute this project’ the notification said.

Detailed scope of work includes:

Design, engineering, supply, installation, testing and commissioning of PLC based Control and Process Safety System (Emergency Shutdown System) for UBD equipment.
Design, engineering, supply, installation, testing and commissioning of PLC based Control system for MPD choke skid
Supply and programming of the integrated design for both hardware and software components
Development of Human Machine Interface (HMI), graphics, database, etc. as per functional design specifications
Control panels will be certified for Zone l and ll hazardous areas. Emergency Shutdown System (ESD) will be SIL-2 certified
‘Avanceon, a globally recognized system integrator has been serving the industry for more than 30 years now. It has an impressive history of delivering high-end control, electrical and instrumentation projects with some of the major Oil & Gas clients. Avanceon’s long term service history, strong project references and a technical sound solution played a major role in acquiring this project’ it further added.