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Until someone emailed, we’d never heard of Aurrigo International (suspect they shall choose to rename themselves to\u00a0 ‘Ai Plc’). While their name apparently derives from the Latin word for “chariot” – Auriga – tossing in an extra “r” just confuses the fingers when typing.\u00a0 Their website is quite fascinating, their specialism in Autonomous Vehicles showing they seem to be working hard in quite varied directions. If their website and PR is to be believed, what they’ve been up to in the aviation field deserves some accolades, the idea of baggage and cargo being handled automatically at airports should give them some strong market focus.<\/p>\n
We were less impressed with their Self Driving road vehicle concepts, this being an ambition shared with some of the largest companies in the world.\u00a0 It’s a puzzle why they think competing in such a field may be a good idea but hey, it was a rush judgement from viewing the website.\u00a0 Equally, mucking around with electric vehicle development, while giving the excuse for PR green headlines, seems to remove focus from the area they are good at, the aviation marketplace.<\/p>\n
But we had to pause at the section where they mention expertise in wiring harness’s. This was an area in which the writer once personally utterly fouled up. The vehicle was a TVR 3000 and the wiring loom had gone full TVR, literally catching fire with smoke come up from the gear lever base. The genius’s at TVR has chosen to route the main wiring along the transmission tunnel which was also the place they’d routed the 6 into 2 exhaust pipes. Also part of this festival, the fuel injection lines were discovering interesting pathways up to the engine. The whole thing was a nightmare and of course, TVR could not supply a replacement wiring loom.<\/p>\n
How hard could it be to make one myself? After all, outside the area which had caught fire and melted, it should only be a matter of copying everything already in place. But another uniquely TVR issue was to arise, the existing loom using a preponderance of various shades of Red wire, along with quite a few shades of Orange. After several weeks, an auto electrician was asked to help, the job taking him a full week. We also re-routed the writing and fuel lines away from the exhaust system, giving the machine a chance of surviving life. Of course, it was to take another two TVR’s before a cheaper hobby was discovered, owning a motor cruiser…<\/p>\n
Anyone who can produce a reliable wiring harness deserves to be held in awe.<\/p>\n
Aside from our rough and ready thoughts about the company activities, from a charty perspective, their share price looks poised for some positive movement.<\/p>\n
Currently, above just 122p looks perfectly capable of triggering gains to an initial 138p with our future secondary, if exceeded, calculating at a potential future 171p and a new high.<\/p>\n
For things to go awfully wrong, the price needs drive itself below 75p and visually there’s nothing suggesting such may be a danger.<\/p>\n
We like this one but are nervous at their wide product focus for such a relatively small company.<\/p>\n
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