I cam away from the AGM feeling positive, having spoken to two directors. AVN is two years behind their original business scenario, but increasingly establishing itself as a credible prided of its services and attracting large players including Vodafone and Orange. Today's announcement of two new non executive directors adds to the rioter of credible Directors who are seriously committed with a no-nonsense approach to growing the Company. The longer term future, post Hylas 4 also seems to offer exciting possibilities as the demand for spectrum in the regions served by Avanti seems likely to grow. Hylas 4 itself has significantly more capacity than Avanti's other satellites.
The CEO also confirmed his intention to grow the company beyond Hylas 4, providing a sensible and prudent way of financing future satellites can be found. Several approaches have been made to take over the company, but all have been swept aside. It seems that the Board do not want to see the company taken over, and still plan a listing on the main market, when the time is right.
The two new Director appointments add to my belief in the mid to long term future of the company. I will not sell my fairly larger holding, may well add more and look toward the the next two years and beyond.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.