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AB Dynamics

  • BY: Andrew Hore |
  • POSTED: 01/07/2013 |

AB Dynamics has gained two new orders which provide the company with good visibility for the year to August 2014.

AB is a designer and manufacturer of testing systems for the automotive sector. It joined Aim on 22 May 2013 when it raised 2.5m at 86p a share. Existing shareholders sold a similar amount of shares. The company was valued at 14m.

MIRA has ordered a four wheel suspension parameter measurement machine. Manufacture will start immediately and should be completed by next summer. This deal could be worth around 1.5m and is one of three that should fall in the next financial year. 

AB has also won an order for its guided soft crash target vehicle and this should be delivered in the first half of 2014. The total value of the order is 400,000.

Group revenues were 8.91m in the year to August 2012.

At 120.5p a share, up 4.5p, AB is valued at 19.7m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2013_45.pdf

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