I suppose I will hope in vain for a statement prior to 30/06... last year a very short statement was published in early July. After the close so it was not a PCTU in the accepted sense.
I was reminded yesterday that Boris might be a very suitable appointment to the Board as he had opined that everything was going swimmingly as £240BN was wiped off stock exchange values and the £ was down by 13% against the dollar ( a bit of recovery today). Personally I quite like the comment made by the Rev Sydney Smith who said that "I must perforce believe in the Conservative succession process as nothing else can explain the link between Mr Johnson and Judas Iscariot" (with apologies to the descendants of the Bishop of Exeter who was the original target of this remark).
Agreed. Looks like 54p/55p mark does appear to be the floor. Last time it bounced to 80p from here. Buyers are picking up today as well. Hopefully might see this continue recovery from here. End of this year is on Thursday so might get some news soon as to how AVN have done over last year. Good time to be buying this one.
...except at the moment, the amount we pay in interest (in $s) dwarfs the FCF (mostly $s but other currencies as well). It's clearly a negative - come on chaps, let's have a bit of critical thinking here!!
Should be a winner for us, given the improved dollar exchange rate unless Traders are unaware that we're paid in dollars ! An automatic increase in Revenues for doing nothing differently can't be bad. Could this, alnong with loyalty to UK Industry, be the trigger we've needed to re-rate ?
Some of my US stocks I am holding just bounced up on their market open. I assume that must be because of the exchange rate change. At least I did something right holding those. Avanti should start to recover on the basis of the US$ rate in its favour.
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