Sorry, O could have made myself clearer. JP Morgan have cut their position but having cut it have sat at that level. Ennismore by contrast seem to be salami slicing their way down and I doubt they've finished yet.
Ennismore down by a further 0.11% to 1.16% so they have more than halved their position and are still baling like mad... they must have caught a real crab this time. JPMorgan standing firm but I doubt they'll hold out if there is any upward move in the coming week. Historically Avanti have tended to issue RNS news in the days leading up to major events e.g. AGM, results H1 and H2 so what's the odds they do so this week?
Plateau for a while. It has been riding a wave of euphoria over the Facebook rumour. That coupled with the good recent RSN buoyed it up. In the absence of further developments I expect a re trace to the upper 200s. The long run is very promising . This is a very good long term bet .
And that is exactly the point.....MZ's advisers know that we are multiples undervalued AND have a more desireable coverage footprint than almost all our competitors. So a T/O offer would cost them a darn sight more than current Market Cap valuation. I HOPE they steer clear of that option untill our real value is realised. AVN's directors know this and have been filling their boots as far as share purchases are concerned since day 1.
We know Zuckerberg is both a commited philanthropist and a well advised,astute budinessmsn.Doesnt AVN present an compelling opportunity: ease the woes of Africa by accelerating access to high speed internet ( education/ health) whilst ensuring Facebook recruits huge number of new users.Isnt that win: win? Cannot see an outright acquisition just yet but an equity stake would please : reassuring long term investors on AVN prospects/ capacity to fund whilst giving him s nice little earner ( though loose change to him)given how lowly AVN is valued vs established competitors.
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